Spreadex Review: Spreadex have been around since the 1990’s and have won a plethora of awards, most recently the Wealth and Financial International, Alternative Investment Awards 2016 (Best Spread Betting Provider – winner) and City of London Wealth Management Awards 2016 (Best Spread Betting Provider – winner). Spreadex focuss heavily on building longer term relationships with their clients though personal service, competative pricing as well offering one of the widest range of available markets.
Spreadex Review Good Points
- Personal service
- Wide range of markets
- Excellent in-house developed trading platform
Spreadex Review Bad Points
- Not a public company
- No physical share ownership (only CFDs and spread betting)
Spreadex Key Features
|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.
|Spreadex Reviews||Spreadex Client Reviews
Spreadex Expert Review
|Spreadex CEO Interview||Spreadex MD - Jonathan Hufford|
|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|
|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|
|FCA Regulated||Yes - See status|
|Overnight Funding Rates||3% +/- Libor|
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Don't just take our word for it. Here's what Spreadex traders have to say about the broker. If you are a client you can vote for Spreadex in our Broker of the Year Awards for a chance to win £1,000 in Amazon Vouchers.
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Here's what users have to say about Spreadex on Trust Pilot
Spreadex CEO Interview
Everything we do and every decision we make is based around anticipating what the client wants. We are totally customer focussed – an ethos that has been developed across various business owned by the shareholders of Spreadex. If we can get the customer service right, we know it will generate revenue.
Are Spreadex a good spread betting broker?
In a word yes, I've always liked Spreadex. They are one of the few spread betting and CFD brokers that offer trading on AIM stocks. They focus on old school customer service instead of big marketing campaigns and in a world, where churn and burn is no more, it's refreshing to see the established brokers still building long term relationships with their customers.
Spreadex is a private company, meaning you can't keep an eye on the share price to see how they are doing in terms of capitalisation. But, revenues have increased year on year and you hardly every hear any bad press about them.
Spreadex Main Advantages:
- Good reputation for customer service
- Wide market coverage
- New trading platform with advanced charting
- Relatively small broker
- No client sentiment data
You can trade the FOOTSIE with Spreadex (yes I know it’s FTSE)
One massive bonus is that Spreadex offer sports spread betting. This is basically spread betting on sports instead of financial markets and is by far one of the best (in my opinion) ways to gamble. It’s like trading during a horse race. And you win or lose relative amounts based on how right or wrong you are.
It’s a bit of a pain having multiple accounts for trading and gambling so the ability to have a flutter on the ponies in the same account is a bonus.. They also have a casino and fixed betting section.
I applaud them for absolutely having now qualms about the fact that spread betting is high risk gambling.
SPREADEX FCA Regulation
Spreadex Ltd is authorised and regulated by the Financial Conduct Authority. You can see their entry on the FCA register here.
I’ve always liked Spreadex, they just seem a little more relaxed and personal than the bigger brokers.
Spreadex Trading Platform Video Review
How's the Spreadex trading platform?
Spreadex’s fully-customisable, in-house built platform offers a multitude of features for both professional traders and those new to dealing on the markets.
Some of the trading tools include:
Force Open Positions: Go long and short the same market at the same time by ticking 'Force Open' on the trade ticket.
One-click Dealing: Turn on One-click dealing to execute your trades more quickly.
Trading Out Of Hours: Trade markets out of hours to react instantly to breaking market news.
Fast Execution Speed: our platform has been named Best for Efficiency of Taking Trades in the Investment Trends UK Leveraged Trading Awards.
Price Improvements: Our prices come from a wide range of sources to give you the best price available. If a price moves after you click to trade, you will never be filled at a worse level.
Spreadex Mobile and Tablet Apps any good?
- Open, close, edit trades, monitor positions
- Access our full charting suite
- Add or edit Orders or Limits
- Set Watchlists
- Deposit funds
- View your trading history
SPREADEX ADVANCED CHARTING
A reliable and professional charting platform is vital to assist your trading. Recently it has been upgraded considerably with proprietary charts and they have lots of clever features such as candlestick pattern recognition, automated trend lines, trade via charts plus loads of technical indicators.
Spreadex's proprietary charts include:
- Historical data going back more than 10 years
- Wide range of easy-to-add and simple-to-edit indicators
- High, low, change and % change displayed for the current trading day and the period shown
- Ability to save and edit templates
- Pinch to zoom in/out/rescale (mobile and tablet)