61% of retail investor accounts lose money when trading CFDs with this provider
- Experts commend Spreadex for its exceptional personal service, particularly for spread betting and CFD traders, highlighting its competitive pricing and extensive market access, including smaller cap stocks. The platform is noted for its in-house development, which allows for quick feature updates, and the customer service is rated highly, contributing to its recognition as the “best spread betting broker” in the 2024 Good Money Guide Awards.
- Across 272 user reviews on Good Money Guide, averaging 4.3/5, customers frequently praise the platform’s reliability, excellent customer service, and competitive pricing. Many users appreciate the efficient execution of trades and the user-friendly interface, while some mention the benefits of access to small-cap stocks and the availability of promotions. However, a few users express a desire for more public transparency regarding the company’s operations.
Expert rating
Our expert rating is the average of the areas listed here, each scored out of 5 by our team.- Pricing4.5
- Market Access4.5
- Online Platform4.0
- Customer Service5.0
- Research & Analysis4.0
Pros
- Spread betting & CFDs
- Smaller cap stock trading
- Great customer service
Cons
- Not publically listed
- No physical investing
See full expert review
Our verdict
Spreadex is a financial spread betting broker that has been in operation since 1999. It was founded by ex-city trader Jonathan Hufford and unlike many of its peers, it is not based in London, but instead is headquartered in St Albans Hertfordshire. Spreadex offers both financial spread betting and CFD trading from the same account. The company has some 60,000 account holders and offers access to more than 10,000 financial instruments, including UK small-cap shares, where it is something of a specialist.
61% of retail investor accounts lose money when trading CFDs with this provider
Is Spreadex a good broker?
Spreadex offer some of the best personal service for large spread betting and CFD traders and has built a reputation for great tech and trading and as such won “best spread betting broker” in the 2024 Good Money Guide Awards.
Pricing: Spreadex is super competitive and not afraid to undercut the competition
Market Access: Excellent, lots of access to exotic derivatives and smaller cap stocks
Platform & Apps: All developed in house and quick to add new features
Customer Service: Personal service is what sets Spreadex apart from other brokers
Research & Analysis: A good mix of technical indicators on the Spreadex platform and daily briefings from the financial dealing desk.
Customer reviews
Customer ratings come from reviews left on this site. Every review is read and approved before it is published.Based on 272 reviews
- Excellent57%
- Very good26%
- Basic10%
- Poor4%
- Bad3%
Read customer reviews
reliable
customer service
Excellent
All ways provides a good service
god prices
keeps me up to date with options and offers.
excellent
tight spreads
Efficient
Clear communication
Consistent, reliable
Swift and easy execution on entering and exiting the market. Clear and concise platform.
Helpful
Great offers and free trading bets
friendly, helpful and very customer oriented
friendly, helpful and very customer oriented. platform toggles between spread betting and sports
Best ever
Everything
excellent
Their range of products is fantastic and they reply quickly to my problems
Stable
Stable platform and reliable for providing a good service.
Efficient
Fast trading platform, Narrow spreads, Fast banking procedure.
Excellent
Easy to use
Great customer service.
Good clear advice.
good
good
Very good
Treading account,
Spreadex is the best for Treading.
Sport trading
I have got a Professional Financial Times subscription from Spreadex
Fair easy app
Good app plenty promotions
Macro awareness
I have got a free Pro Financial Times subscription
excellent online company
100% trusted company…….fast and excellent customer service and payouts…..never 1 issue ever with anything with spreadex…..
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61% of retail investor accounts lose money when trading CFDs with this provider
Spreadex FAQs
Spreadex is a financial and sports bookmaker for UK clients and also offers contracts for difference for European traders (who are not eligible for capital gains tax breaks from financial spread betting).
For large amounts, you can request funds to be sent back to your account from Spreadex the same day. But, for smaller transactions, it can take between 1 hour and 3 days to receive funds. This depends on your bank, and how complete your AML documents are.
Spreadex offers financial spread betting which works by letting you place bets on the movement of financial markets. Instead of buying a certain amount of shares in a company, you bet an amount (either in pounds or pence) per point a share price moves.
61% of retail investor accounts lose money when trading CFDs with this provider
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
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