Spreadex Broker Review and Opinions

Spreadex is a UK broker that provides various financial betting and trading services. It has been approved by the FCA, providing investors with strong protection.

Client funds are kept separate from Spreadex’s operating capital through tier-1 banks for enhanced security. This safeguards retail consumers against negative balances and keeps their capital safe in various scenarios.

Opinions

Spreadex is one of the leading spread betting and CFD brokers in the UK, boasting an user-friendly web trading platform with powerful search capabilities and guaranteed stop orders.

It also provides a mobile app with advanced charting tools, fast execution of orders (long and short), price alerts, SSL encryption, Touch ID Login and more. Its iPhone and iPad apps are reliable, user-friendly and offer features other brokers don’t provide.

Spreadex not only boasts an attractive mobile and desktop platform, but the broker also provides excellent customer support. Its double AA customer rating indicates that they prioritize providing phone and email assistance in multiple languages.

The site is user-friendly with a relaxed color scheme and large icons and submenus. Sports betting markets are prominently displayed in a banner at the top of the page.

Benefits

Spreadex is a broker that offers its clients several advantages. These include advantageous trading conditions, low entry thresholds, and an extensive selection of instruments to trade.

The broker offers customers a selection of order types, such as take-profit, stop-loss and force orders. These can be utilized to execute trades across numerous markets and can be placed manually or automatically.

Spreadex is licensed by the UK’s Financial Conduct Authority (FCA), meaning they must follow anti-money laundering and Know Your Customer (KYC) regulations. Furthermore, new accounts must pass verification – typically consisting of a copy of the trader’s ID and proof of residency document.

The platform provides an extensive selection of trading instruments, such as Forex, indices, shares, ETFs, bonds, commodities and crypto currencies (which due to regulatory restrictions can only be traded by professional traders). Customers also have the option to trade on a spread betting account.

Deposit and withdrawal

Spreadex is a UK-based broker that provides various deposit and withdrawal methods. The business is regulated by the UK Financial Conduct Authority (FCA).

Spreadex accepts a variety of online payment methods in addition to bank transfers and credit/debit cards. These include Visa, Electron, Maestro and Mastercard debits.

Before funding your Spreadex account, you must fill in some details about yourself and your trading activity. These steps are necessary to abide by Anti Money Laundering/KYC regulations and safeguard your personal information.

Once logged in, click ‘Deposit funds’ to initiate the deposit process. You’ll need to provide both the required deposit amount and card details that are stored safely on the broker’s platform.

Trading platform

Spreadex provides a robust trading platform, accessible via web and mobile applications. It boasts advanced charting tools, award-winning execution, price alerts and watch lists, as well as technical analysis such as sophisticated drawing tools, extensive price history, strong indicators, pattern recognition features and automated Pro Trendlines. Spreadex’s platform also comes equipped with award-winning customer support to ensure smooth operations for its traders.

Traders can access a wide range of financial instruments, including forex, shares, commodities, bonds and interest rates; ETFs, options and cryptos. Plus they have the option to place ultra-quick transactions on their preferred financial assets through Speed Markets’ service.

Spreadex’s trading platform is user-friendly and allows you to trade thousands of markets from one account. You can use it for spread bets and CFDs, with full customization available according to your preferences.

The company is regulated by the UK’s Financial Conduct Authority (FCA), guaranteeing client funds are kept secure in segregated accounts. Furthermore, they provide negative balance protection and quick withdrawal processing times.

Pros and cons

Spreadex is a popular option among UK-based traders due to its competitive forex broker fee and impressive web trading platform. Furthermore, Spreadex provides access to an impressive range of financial assets like new indices and bonds.

However, this platform does have some drawbacks. For instance, it lacks a desktop trading platform or support for automated trading solutions, provides no demo account, and lacks research or education materials.

At Spreadex, in-play betting is also available so that you can place wagers using up-to-the-minute information. For instance, if you predict there will be a flood of goals in the last 10 minutes of a football game, then you can place an bet to boost your chances of success.

Spreadex provides a comprehensive selection of sports betting events, offering an impressive number of different options for each. Plus, its excellent training support system makes it an ideal choice for anyone wanting to enter the spread betting market.

Account opening and login

Spreadex is one of the premier names in spread betting, providing customers with access to thousands of financial markets. Their platform is user-friendly, has a fast response time and provides timely customer support.

Opening a Spreadex account is easy! Simply complete their online application form or log on using their website or app. During the process, they’ll require all of your details in order to verify your identity and run fraud and security checks on you.

Once you meet the necessary qualifications, you can begin trading. Deposit money into your Spreadex account using debit cards, bank transfers or cheques as desired; additionally, set up direct debits for weekly or monthly deposits according to your preferences.

Education

Spreadex provides their customers with a range of customer support options, such as live chat, phone, and email. Their team is knowledgeable and efficient – happy to answer any queries you may have.

Their educational resources are also impressive, though a bit scarce. You’ll find an array of videos demonstrating some key features and functions of their trading platform as well as regular market analysis and commentary.

This is an invaluable resource for both newbies and experienced traders looking to enhance their technical understanding. However, it may not be as comprehensive or well-organized as some of Spreadex’s other educational materials.

The education section of Spreadex’s website is disorganized, featuring scattered articles that introduce basic topics such as candlestick patterns and economic calendars. Furthermore, they have an economic diary that summarizes key fundamental reports. Furthermore, there’s a trading blog featuring in-house analysts’ perspectives along with a glossary to aid with research.

Customer service

A well-run customer support team can quickly resolve any problems you encounter with a broker. This is essential because it determines how quickly you receive an answer to your query.

Customer service agents should be able to answer questions about betting rules, conditions and issues as well as financial login issues. You can contact them through email or phone.

Spreadex is a licensed broker that takes safety seriously. It operates under the guidance of the UK Financial Conduct Authority and ensures client deposits remain separate from company funds.

For enhanced security, two-factor authentication is also available. With this, an SMS verification code will be sent directly to a mobile phone.

New traders can take advantage of a demo account, which allows them to test out the platform and discover more about its features before investing any real money. It’s an ideal way for beginners to learn how to trade Forex without risking their live account.

Demo account

Spreadex is a broker that offers an extensive selection of trading instruments. This includes forex, CFDs, shares, indices, commodities and spread betting services.

Traders can open accounts through an online application that is processed within a few days. Funds may be deposited via bank wire, credit/debit card or both – though a withdrawal fee applies when using these methods.

Furthermore, the minimum withdrawal amount is PS50. Traders must complete verification in order to meet AML/KYC regulations.

Bank transfers take two business days to process, while withdrawals made through debit or credit cards require five business days. Furthermore, currency conversion costs apply.

Traders can access customer support via email or telephone. Staff members are friendly and knowledgeable, with response times usually within industry standards.