Spreadex review

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

A regulator is also the body that publishes what a broker has done wrong, which is half the reason the licence matters.

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.

Check the licence yourself: the FCA Register.

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

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

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

Complaints about cost are usually complaints about swap and inactivity fees rather than the spread.

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.

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

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