Spreadex review

Spread from

0.6 pips

EUR/USD spread

Variable; from 0.6 pips

GBP/USD spread

Variable; from 0.9 pips

Commission

$0 on forex

All-in cost, EUR/USD

From 0.6 pips

Spread type

Variable

Overnight swap

Both: daily/overnight funding may be charged or credited

Deposit fee

None on standard methods

Withdrawal fee

Generally none on standard methods; £25 for CHAPS

Currency conversion

Applicable where currency conversion is required

Cost is where brokers in the same regulatory bracket actually differ.

Spreads from 0.6 pips suggest an all-in account, where the broker's fee is built into the price rather than charged separately. There is usually no commission on top, which makes the cost easier to predict.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

Spreadex lists a minimum deposit of $5. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Markets

Forex, Shares, Indices, Commodities, Bonds, Options, ETFs, Interest Rates

Currency pairs

60+

Total instruments

10,000+

Crypto CFDs

No for UK retail clients

Maximum leverage

1:200

Execution model

Market maker / principal

Execution speed

Not publicly disclosed

Order types

Market, limit, stop, guaranteed stop, stop-loss and platform-specific orders

Servers

UK/global trading infrastructure

Leverage up to 1:200 is available on this entity. High leverage does not increase your expected return - it increases position size for the same deposit, and shortens the move needed to close you out.

Spreadex covers forex, shares, indices, commodities, bonds, options, etfs, interest rates. A wider range matters less than depth in the instruments you actually trade.

Funding options: debit/credit card, apple pay, google pay, pay by bank, bank transfer, cheque. Check withdrawal routes as well as deposit ones - they are often not the same, and the difference only becomes apparent when you try to take money out.

Platforms

Spreadex Web Platform, Spreadex Mobile App, TradingView

Own platform

Yes

Mobile app

Proprietary

Browser trading

Yes

Automated trading

No MetaTrader EA support

Copy trading

No

Indicators

Advanced integrated technical indicators and drawing tools

Third-party tools

TradingView

API access

Not a standard retail offering

TradingView integration lets you trade from charts you may already use, removing the need to run a second platform for analysis.

Regulated by

Financial Conduct Authority (FCA), FRN 190941

Regulator tier

Tier 1

Register entry

FCA Financial Services Register, FRN 190941

Client money segregated

Yes

Held at

Approved UK banking institutions; specific bank not prominently disclosed

Negative balance protection

Yes, retail clients

Compensation scheme

FSCS protection for eligible clients, subject to applicable limits

Audited by

Independent statutory auditor

Not available to

Primarily UK-focused; availability depends on residency and jurisdiction

Across a hundred brokers, the licence is what separates the field fastest.

Spreadex holds a tier-one authorisation from FCA. That matters more than any headline spread: it determines your leverage cap, whether losses can exceed your deposit, and what happens to your money if the firm fails.

The FCA caps retail leverage at 1:30, mandates negative balance protection, and covers eligible clients under the Financial Services Compensation Scheme.

Client money is held separately from the firm's own money, at Approved UK banking institutions; specific bank not prominently disclosed. That separation is what makes your balance recoverable if the company fails, rather than part of the pool its creditors divide up.

Negative balance protection applies, so a losing position cannot take the account below zero and leave you owing the broker money.

Covered by FSCS protection for eligible clients, subject to applicable limits, which pays eligible clients up to its limit if the firm fails owing client money.

Check the licence yourself: the FCA Register.

Minimum deposit

$5

Account types

Spread Betting, CFD, Professional

Account currencies

GBP primarily

Islamic account

No

Demo account

Yes

Professional account

Yes, Spreadex Pro

Minimum trade size

From £0.01 per point on selected markets

Time to open

Online application; verification dependent

A short account range, which usually means less to get wrong - the pricing you are shown is close to the pricing you get.

Base currencies: GBP primarily. Holding the account in the currency you fund it with avoids a conversion charge on every deposit and withdrawal - a cost that never shows up in a spread comparison.

The smallest position is From £0.01 per point on selected markets. For anyone starting carefully this matters more than the minimum deposit, because it sets the least you can put at risk on a single trade.

A demo account is available. Worth using for the platform rather than the results: fills are simulated, so it tells you how the software behaves but very little about execution.

Deposit methods

Debit/credit card, Apple Pay, Google Pay, Pay by Bank, bank transfer, cheque

Withdrawal methods

Pay by Bank, Visa/Mastercard, Apple Pay, Google Pay, bank transfer, cheque

Deposit time

Cards/digital payments generally instant; bank transfer dependent

Withdrawal time

Method-dependent; same-day CHAPS available

Minimum withdrawal

£5

Local payment methods

Pay by Bank / UK bank transfer

Withdrawals are stated at Method-dependent; same-day CHAPS available, against Cards/digital payments generally instant; bank transfer dependent for deposits. A gap between the two is normal and not in itself a warning sign - identity checks are a legal obligation, not obstruction. What is worth noticing is a withdrawal that keeps meeting new conditions after those checks are done.

Withdrawal routes: pay by bank, visa/mastercard, apple pay, google pay, bank transfer, cheque. Money is usually returned by the route it arrived on, so the deposit method you pick is in effect the withdrawal method you are picking too.

The minimum withdrawal is £5 - relevant if you intend to fund the account lightly, since it sets the smallest amount you can take out at a time.

Support hours

24 hours Monday-Friday

Contact channels

Live chat, email, phone

Languages

Primarily English

Telephone

08000 526 570 / +44 (0)1727 895 151

Email

fins@spreadex.com

Live chat response

Typically within minutes

Education

Extensive: Education Hub, beginner guides, trading essentials, strategy and risk-management content

Research

Market analysis, news, trading insights, charting and market information

Support runs 24 hours Monday-Friday. Round-the-clock cover matters more than it sounds: a position held over a weekend or through an unexpected halt is exactly when you need somebody to answer.

Reachable by live chat, email, phone. A published telephone number is the one channel that is hard to fake and hard to ignore, so whether there is one says more than the number of channels does.

Languages: Primarily English. Being able to raise a complaint in your own language is worth more than it appears, because complaints are where precision matters most.

Education: extensive: education hub, beginner guides, trading essentials, strategy and risk-management content. Treat broker-published material as an introduction rather than as advice - it is produced by a firm whose revenue rises when you trade more.

Legal entity

Spreadex Limited

Company number

03720378

Headquarters

St Albans, Hertfordshire, United Kingdom

Founded

1999

Publicly listed

No

Parent company

Independent

Employees

Approx. 100-500

Also trades as

Spreadex

Spreadex has been trading for around 27 years, through at least one full market cycle. Longevity guarantees nothing on its own, but a firm that came through 2008 and 2015 has been tested in a way a recent entrant has not.

The contracting entity is Spreadex Limited. This is the company you would actually have a relationship with, and it is worth checking that it is the same one named on the licence you are relying on: large brokers commonly operate several, and they are not equally protected.

Part of Independent. A parent adds resources, but the protections that apply to you are the ones attached to the entity that holds your account, not to the group.