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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% 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.

Spreadex Key Features


Spreadex
Spreadex are a nice old school spread betting broker located just outside London.  
They tend to cater for more professional traders who value customer service above pricing. As well as financial spread betting Spreadex also offer sport spread betting and fixed odds betting.

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Spreadex Reviews Spreadex Client Reviews
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Spreadex CEO Interview Spreadex MD - Jonathan Hufford
Platforms Spreadex
Min Deposit £20
Account Types Spread betting, CFDs, Forex
Spread Types Fixed and variable
Funding Methods Debit cards, credit cards, bank transfer, cheque
Customer Support Phone, email and livechat
Execution Type OTC
UK 100 Pricing 1 point
Germany 30 Pricing 1 point
Wall Street Pricing 1.7 point
Bitcoin Pricing 4 points
Ether Pricing 4 points
EURGBP Pricing 0.9 points
EURUSD Pricing 0.6 points
GBPUSD Pricing 0.9 points
Gold Pricing 0.4 points
Oil Pricing 6 points
Stock Pricing 0.1%
FCA Regulated Yes - See status
Year Established 1999
Active Clients na
Markets available 15,000+
Retail Accounts Yes
Professional Accounts Yes
Listed PLC No
Country Founded UK
Inactivity Fee None
Overnight Funding Rates 3% +/- Libor
Educational Material Yes
Office Locations 1
Spreadex Alternative Brokers Spreadex Versus IG
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Spreadex Versus Saxo Capital Markets
Spreadex Versus City Index
Spreadex Versus Forex.com
Spreadex Versus Pepperstone
Spreadex Versus XTB
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Spreadex Versus CMC Markets

City Index Key Features

City Index

City Index are one of the largest spread betting and CFD brokers in the UK. Although, they are now owned by the Americans. Michael Spencer, the City supremo who also founded ICAP and was once the treasurer to the Tory party owned City Index (or "City" to those in the know) from 1997 until 2014 when it was sold to Gain Capital for $118m.

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City Index Interview No - see other broker CEO interviews
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Platforms City Index Advantage Web, AT Pro, MT4
Min Deposit £100
Account Types Spread betting, CFDs, Forex
Spread Types Fixed and variable
Funding Methods Debit and credit card, Bank transfer
Customer Support Phone, email and livechat
Execution Type OTC
UK 100 Pricing 1 point
Germany 30 Pricing 1 point
Wall Street Pricing 2.8 point
Bitcoin Pricing 40
Ether Pricing 8
EURGBP Pricing 1.2 points
EURUSD Pricing 0.6 points
GBPUSD Pricing 1.4 points
Gold Pricing 0.3 points
Oil Pricing 4 points
Stock Pricing 0.1%
FCA Regulated Yes as Gain Capital - See status
Year Established 1983
Active Clients 20,000
Markets available 12,000
Retail Accounts Yes
Professional Accounts Yes
Listed PLC Yes as Gain Capital See share price
Country Founded UK
Inactivity Fee £12 after 12 months
Overnight Funding Rates 2.5% +/- Libor
Educational Material Yes
Office Locations 1
City Index Alternatives City Index Versus IG
City Index Versus ETX Capital
City Index Versus Core Spreads
City Index Versus Plus 500
City Index Versus Spreadex
City Index Versus Saxo Capital Markets
City Index Versus Forex.com
City Index Versus Pepperstone
City Index Versus XTB
City Index Versus eToro
City Index Versus ayondo
City Index Versus CMC Markets

Spreadex Versus City Index – Side by Side Comparison

Compare Spreadex to City Index with our quick-fire review of the key features of Spreadex Versus City Index and how they rank as a spread betting broker.

How long have they been around?

These two brokers are old City faces and have been around for decades.  Both are well established and have decent reputations for servicing their clients well.

How tight are their spreads?

Of the two City Index probably have better overall pricing.  However, where both of there brokers win business is on the back of added value.  Pricing is only a small element of what clients should look for in a broker.  You can compare tight spread betting prices here.

Trading platform choice

Spreadex tend to have better voice brokerage for HNW clients.  City Index has a pretty good well-rounded trading platform and compared to Spreadex it is better.

How broad is the market range?

City Index has big coverage.   Spreadex is much smaller but also offer access to stocks on the AIM market and if you need a price or want to trade something obscure give them a call and they should help you out.

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