Spreadex: Detailed Company Overview

General Overview

• Company Name: Spreadex
• Founded: 1999
• Headquarters: United Kingdom
• Regulation: Financial Conduct Authority (FCA)

Spreadex, a UK-based broker established in 1999, offers both spread betting and financial trading services. FCA-regulated, Spreadex ensures a transparent and secure trading environment with a wide range of assets, including indices, shares, forex, cryptocurrencies, and commodities. It primarily serves individual and professional traders seeking compliance and reliability within UK regulations.

Key Features

• Minimum Deposit: $1
• Leverage: Up to 1:30 for retail clients
• EUR/USD Spread: Starting from 0.6 pips
• Trading Platforms: Online platform, mobile app, TradingView integration
• Assets: Over 15,000 options including indices, shares, forex, commodities, bonds, ETFs, options, cryptocurrencies, and IPOs

Account Types

Spreadex uses a simple one-account structure with a low minimum deposit requirement of $1, making it accessible for both beginners and seasoned traders. However, the lack of a demo account may be a drawback for those wanting to test the platform without committing funds.

Market Instruments

Spreadex provides over 15,000 assets across multiple categories:

• Indices: International indices with spreads as low as 0.6 points.
• Equities: Access to international stocks, including smaller cap options.
• Forex: Spot and futures forex pairs available 24/5.
• Commodities: Metals, energy, and agricultural commodities.
• Fixed Income: UK Gilts, US T-Bonds, and interest rate products.
• ETFs: Cost-effective exposure to indices via ETFs.
• Options: Available primarily through phone transactions.
• Cryptocurrencies: Trade Bitcoin and Ethereum through spread betting.
• IPOs: Access to upcoming IPOs for potential investments.

Trading Conditions

Leverage

• Retail Clients: Up to 1:30 leverage for major forex pairs; lower limits for other instruments.
• Professional Clients: Higher leverage levels available with eligibility, offering greater profit potential and risk exposure.

Spreads & Commissions

• Spread Model: Only spread fees apply, except for shares where an interest fee of approximately 1.25% applies.
• Major Forex Pairs: EUR/USD spreads start at 0.6 pips.
• Commission-Free: Most trades incur no direct commissions, making Spreadex cost-effective.

Trading Platforms

• Online Platform: A user-friendly interface with built-in analytical tools and educational resources.
• Mobile Trading: Available on iOS and Android, providing flexible trading on the go.
• TradingView Integration: Offers advanced charting and collaborative tools for experienced traders.

Deposit & Withdrawal Methods

Spreadex supports several methods for deposits and withdrawals:

• Minimum Deposit: $1 for easy market entry.
• Card Withdrawals: Processed within 2 hours, but subject to bank processing times.
• Bank Transfers: Typically completed within 2 business days.
• Additional Fees: Deposits under £50 via debit card may incur a small service fee. Foreign currency transfers may also involve additional fees.

Customer Support

• Financial Desk: +44 (0)1727 895 151
• General Inquiries: +44 (0)1727 895 000
• Email: info@spreadex.com

Educational Resources

Spreadex offers several educational resources to enhance trading knowledge:

• Video Training Center: Covers topics on market analysis, technical analysis, and risk management.
• FAQs: Answers to common questions on accounts, charting, and trading.
• Financial Spread Betting Glossary: Helps beginners understand common terms in spread betting and trading.

Conclusion

Spreadex is an FCA-regulated broker with a wide range of instruments, competitive spreads, and multiple platform options. While it lacks demo accounts and support for MT4/5, it caters well to retail traders with its low minimum deposit, cost-effective fee structure, and comprehensive educational resources. Experienced traders seeking a broader range of accounts or advanced platform features may find the platform limiting.