Spreadex won Best Spread Betting Broker this year because of their consistently excellent customer service, as highlighted in reviews on our site. For a product as unique to the UK as financial spread betting, having a broker you can talk to is crucial, and Spreadex excels in adding value through personalized support.
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
5/5
Cons:
Able to trade by coin
5/5
Pros:
Quick and ease of use
Cons:
Less margin required?
5/5
Pros:
Great functionality and UI
Cons:
N/A
4/5
Pros:
ease to use
Cons:
widen range of markets
2/5
Cons:
Increase range of securities and future dates offered.
5/5
Pros:
Easy to use
5/5
Pros:
Simple to use.
Cons:
Be able to transfer funds out of the account much more quickly.
5/5
5/5
Pros:
Easy to use
5/5
Pros:
Simple to use
Cons:
Not sure
1/5
Pros:
Find it very easy to use and useful information at hand
Cons:
Maybe reduce the daily costs a little
1/5
Pros:
None
Cons:
Market manipulation disgusting
5/5
SW @ 03/16/2021 09:39
Good friendly staff who are open with what they can and can't do with their existing liquidity provision. Only positive experiences so far.
TJ @ 03/15/2021 01:40
Sadly, the service offered by SpreadEX has deteriorated rapidly over the last year. I am now moving my existing positions over to another spread bet provider. I am only closing my SpreadEX positions and I am not opening any new positions. The markets offered have decreased and SpreadEX has made a recent business decision to not offer future quarterly markets until near the rollover date, whereas previously they offered these markets several weeks before rollover. They have also increased the minimum stake for some markets meaning some bets are now too risky and any losses may be too great. Finally, the SpreadEX platform is now old and I have noticed that during busy periods, it can take 30 seconds or more for a trade to be completed, allowing some trades to be cancelled. My advice is to avoid SpreadEX and choose another provider.
Greg @ 03/13/2021 08:55
I am happy with SpreadEx so far. App works well too.
Dhillan @ 03/11/2021 10:39
Year on year you get the best service and interaction with all at SpreadEx. Thank you
Rajendra Prasad @ 03/11/2021 09:22
Good trading service and friendly staff are always available for any queries.
Gary Leach @ 03/11/2021 06:31
Great team providing a great service. Consistently amicable and helpful on the phone which sets them apart from other brokers I use.
Excellent service. Great people to work with . @ 03/11/2021 06:37
Excellent service excellent people i enjoy trading with spreadex.
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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.
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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.
