Spreadex: One of the top Forex brokers sees profits rocket in last year

One of the largest Forex brokers in the UK has seen its revenue and profits rise sharply after attracting thousands of new customers.

Top Forex broker Spreadex – which also offers spread betting on sports and financial markets – saw its turnover leap by a quarter while profits increased by more than £5 million.

Profits in top Forex broker leap by more than £5 million

The latest results for Spreadex – one of the best Forex brokers – show that in the year ending May 31, 2016 the company saw turnover rise from £40.5 million to £50.3 million. Pre-tax profits in the top Forex broker rose from £22 million to £27.1 million. Read our Spreadex Review…

Shareholders in the company – who include Spreadex founder Jonathan Hufford and Peter Harris, the founder of Butlin’s parent company Bourne Leisure – pocketed a substantial £25.1million dividend between them, up from £20.1million the previous year.

The company, established in 1999 and based in St Albans, Hertfordshire, said: “While operating in an extremely competitive environment, the strength of the company’s brand, the IT developments of the past year and planned enhancements in the coming months mean that Spreadex is well positioned to experience continued growth.”

Foreign exchange and spread betting from one of largest Forex brokers

Foreign exchange, also known as Forex or FX trading, allows investors to speculate on the future price of one named currency against another. As one of the best Forex brokers, Spreadex offers many major, minor and exotic currency pairings. Although, not physical currency conversions, for that you need a currency broker or money transfer provider.

Spreadex also specialises in spread-betting. This allows clients to bet on whether a certain outcome with profits currently free of capital gains tax.


Compare Vetted Investing, Trading & Currency Accounts

Investing AccountsTrading PlatformsCurrency Transfers
Compare Investment Accounts

Compare Investment Accounts

Compare Trading Platforms

Compare Trading Platforms

Compare Currency Brokers

Compare Currency Brokers

Trading Risk Warning

ALL INVESTING INVOLVES RISK. Investing, Derivatives, Spread betting and CFD trading carry a high level of risk to your capital and can result in losses that exceed your initial deposit. They may not be suitable for everyone, so please ensure that you fully understand the risks involved.
ESMA & FCA Risk Warning – “CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 68-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Capital at risk”