61% of retail investors lose money when trading spread bets and CFDs with this provider.
Key facts
- Regulation: Spreadex Ltd — FCA, FRN 190941
- Founded: 1999, based in St Albans
- Products: financial spread betting and CFDs (plus sports spread betting)
- EUR/USD: from 0.6
- Platforms: Spreadex platform and apps, TradingView
- Minimum deposit: none
Who is Spreadex?
Spreadex has offered spread betting in the UK since 1999 and is also known for sports spread betting. Its financial trading arm offers spread bets and CFDs on forex, indices, shares, commodities, bonds and more.
Costs
EUR/USD spreads start from 0.6, with third-party tests showing an average a little above that. Trading costs are built into the spread. Reviews report no inactivity fee — a plus for occasional traders.
Platforms
Spreadex offers its own web platform and mobile apps, and integrates with TradingView, so you can trade from TradingView charts. There's no MetaTrader.
Pros and cons
Pros
- UK spread betting specialist since 1999
- TradingView integration
- No minimum deposit
- Lowest loss ratio in our list (61%)
Cons
- No MetaTrader
- Education and apps less developed than the largest brokers
Verdict
Spreadex is a solid pick for UK spread bettors, especially TradingView users. For MT4 and raw-spread forex trading, see our top pick, Hantec Markets.
Frequently asked questions
Is Spreadex regulated?
Yes. Spreadex Ltd is authorised and regulated by the FCA (FRN 190941).
Can I use TradingView with Spreadex?
Yes. Spreadex integrates with TradingView as well as offering its own platform.
Does Spreadex charge an inactivity fee?
Third-party reviews report no inactivity fee. Check Spreadex's current terms.
Is Spreadex safe and legit?
Spreadex serves UK clients through an FCA-authorised entity, which must segregate client money, provide negative balance protection to retail clients and give eligible clients access to the Financial Ombudsman and FSCS. As with any leveraged product, your trading capital is still at risk.
CFDs and spread bets are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading these products. You should consider whether you understand how they work and whether you can afford to take the high risk of losing your money.