Spreadex review 2026

Our review is based on broker disclosures, regulatory records, platform research and available user information checked on 26 August 2026.

Is Spreadex regulated?

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.

How safe is Spreadex?

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.

Verify licence with FCA

Licence information last checked 26 August 2026

Spreadex trading conditions

Trading conditions vary by account, platform, legal entity and client classification. The figures below reflect the latest information available to 88 Forex Brokers and should be confirmed before trading.

Spreads and commissions

Spreadex advertises spreads from 0.6 pips on Spread Betting. The stated commission is $0 on forex. Typical or live pricing may be higher than the advertised minimum, particularly outside liquid trading hours or during volatile markets.

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.

Spread type

Variable

EUR/USD average spread

Variable; from 0.6 pips

GBP/USD average spread

Variable; from 0.9 pips

Commission

$0 on forex

All-in cost, EUR/USD

From 0.6 pips

Leverage and margin

Maximum leverage is reported as 1:200, although the available limit depends on the account entity, instrument, client classification and local rules. Higher leverage increases both potential gains and losses and can lead to rapid account depletion.

Execution model

Spreadex describes its execution model as Market maker / principal. The available information indicates an average execution speed of Not publicly disclosed, order types of Market, limit, stop, guaranteed stop, stop-loss and platform-specific orders and servers in UK/global trading infrastructure. Execution labels are not standardised across the industry, so review the order-execution policy and conflict disclosures rather than relying on a single term.

Trading rules

Expert advisers

No MetaTrader EA support

Copy trading

No

Negative balance protection

Yes, retail clients

Scalping, Hedging, Stop-out level and Guaranteed stop loss: the broker does not publish enough information for us to confirm this trading condition.

Spreadex account types

Spreadex offers 3 reported account types. Compare the minimum deposit, spread model, commission, platform and eligibility before choosing an account.

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.

Spread BettingCFDProfessional

Minimum deposit

$5

Spreads from

0.6 pips

Commission

$0 on forex

Maximum leverage

1:200

Platforms

TradingView, Proprietary platform

Base currencies

GBP primarily

Available markets

Forex, Commodities, Indices, Shares, ETFs, Bonds

Minimum trade size

From £0.01 per point on selected markets

Account opening time

Online application; verification dependent

Demo account

A demo account is reported as available for testing the platform and practising with virtual funds. Demo pricing and execution may not match live conditions.

Islamic account

An Islamic or swap-free option is reported as not available. Alternative charges, holding limits or eligibility conditions may apply.

Spreadex fees and trading costs

The total cost of trading can include spreads, commissions, overnight financing, currency conversion, deposit or withdrawal charges and inactivity fees.

Advertised spreads start from 0.6 pips, but typical pricing may be higher.

The reported trading commission is $0 on forex.

Overnight financing applies to eligible positions at rates that can change.

The broker reports none on standard methods for deposits.

The broker reports generally none on standard methods; £25 for CHAPS for withdrawals.

A currency-conversion charge of Applicable where currency conversion is required may apply.

Spreads from

0.6 pips

Commission

$0 on forex

Overnight financing

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

Inactivity fee

Not confirmed

Currency conversion

Applicable where currency conversion is required

Fees can change and may differ by entity, platform, account or payment method. Confirm the full schedule before opening or funding an account.

Trading platforms and apps

Spreadex supports TradingView and Proprietary platform. Availability can differ by account and legal entity.

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

TradingViewProprietary platform

Proprietary platform

Yes

Web platform

Yes

Mobile app

Proprietary

Charting

Advanced integrated technical indicators and drawing tools

Third-party tools

TradingView

Server locations

UK/global trading infrastructure

The platform range is adequate. Its main advantage is support for TradingView; the principal limitation is the absence of MetaTrader 4 and MetaTrader 5.

Markets available through Spreadex

The broker reports access to 10,000+ instruments across forex, commodities, indices, shares, eTFs and bonds. Product availability depends on the account entity and platform.

Leverage is capped at 1:30 retail; 1:200 professional, which is the retail limit under tier-one regulation. It is a protection rather than a restriction: it caps how quickly a position can move against your balance.

The product range is strongest for forex, commodities and indices. Traders seeking metals and cryptocurrency cfds may need another broker.

ForexCommoditiesIndicesSharesETFsBonds

Markets, as published

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

Total instruments

10,000+

Currency pairs

60+

Cryptocurrency CFDs

No for UK retail clients

CFDs do not provide ownership of the underlying asset. Product terms, leverage and trading hours vary by market.

Deposits and withdrawals

Available funding methods include Debit/credit card, Apple Pay, Google Pay, Pay by Bank, bank transfer, cheque. Processing times, limits, fees and availability vary by country, currency and account entity.

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.

Identity, payment ownership and source-of-funds checks may be required before a withdrawal is processed.

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

Deposit fee

None on standard methods

Withdrawal fee

Generally none on standard methods; £25 for CHAPS

Minimum withdrawal

£5

Local payment methods

Pay by Bank / UK bank transfer

View withdrawal complaints about Spreadex

Use a payment method held in your own name. The broker may reject third-party payments or require withdrawals to follow the original funding route.

Customer support

Spreadex provides support through Live chat, email, phone during 24 hours Monday-Friday. Supported languages include Primarily English.

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.

Support channels

Live chat, email, phone

Support hours

24 hours Monday-Friday

Languages

Primarily English

Telephone

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

Email

fins@spreadex.com

Live chat response

Typically within minutes

Research and market analysis

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

Education

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

Is Spreadex a good broker?

Your decision should reflect your country, experience, preferred platform, trading costs and tolerance for financial and counterparty risk.

Spreadex is best considered by

• Traders who want a tier-one licence behind the account
• Traders who want a small first deposit

Consider another broker if

• You require an Islamic account
• You require copy trading
• You require MetaTrader

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