Spreadex

Spreadex Broker Overview

Spreadex is a UK provider of financial spread betting and CFD trading, operated by Spreadex Limited (Spreadex Ltd) from St Albans, Hertfordshire, since 1999. Spreadex Limited is authorised and regulated by the UK Financial Conduct Authority (FCA) under firm reference number 190941, and the same company runs a sports betting business on the same website. Clients can trade more than 10,000 markets across indices, shares, forex and commodities on Spreadex's own web platform and apps or through TradingView, from a minimum deposit of 5 GBP.

Spreadex Regulation and License

Spreadex Limited is listed on the FCA's Financial Services Register under firm reference number 190941 as Authorised, effective from 1 December 2001, as checked on 29 October 2026. The register records two activities, dealing in investments as principal and agreeing to carry on a regulated activity; the first covers spread bets, CFDs, rolling spot forex, binary bets, futures and options for retail, professional and eligible counterparty clients. The firm also has permission to hold client money, and the entry shows no expiry date and lists no specific requirements on the firm.

Spreadex Limited is also listed on the UK Companies House register under company number 03720378, incorporated in England and Wales on 25 February 1999, with its registered office at Churchill House, 26-30 Upper Marlborough Road, St Albans, as checked on 29 October 2026. That is a company registration, not a financial licence. Spreadex's client agreement names Sporting Index Limited as a wholly owned subsidiary of Spreadex Limited, but trading accounts are opened with Spreadex Limited itself. Separately, Spreadex states that its fixed odds betting is licensed and regulated by the Gambling Commission under account number 8835.

Is Spreadex Regulated?

Yes. Spreadex Limited is authorised and regulated by the FCA, so its retail clients trade under FCA conduct and client money rules, including capped leverage. Spreadex's client agreement says the firm is covered by the Financial Services Compensation Scheme (FSCS), which may protect eligible claimants up to 85,000 GBP if the firm fails.

Is Spreadex Safe?

Spreadex is a long-established, FCA-authorised firm, but that does not make leveraged trading safe: the risk warning on its financial trading pages states that 64% of retail investors lose money trading spread bets and CFDs with Spreadex, while a banner on its www.spreadex.com landing page gives 61%. Spreadex says retail client money is held in segregated accounts at Barclays Bank.

Its account pages say retail accounts come with negative balance protection, and its risk warning says it is professional clients who can lose more than their deposit. Its client agreement reads differently: Rule 11(2) states that neither the cash in an account nor any credit limit caps a client's potential losses, and Rule 30(5) says clients remain liable for losses after their account reaches the close-out level. The FCA register also lists clone firms that use Spreadex's details, among them sspreadex.com, spreadfx.com and spreadex-uk.com, so clients should make sure they are dealing with www.spreadex.com.

Spreadex Account Types

Spreadex offers a spread betting account and a CFD trading account, each available in GBP, USD or EUR and both traded on the same platforms. Every account opens as a retail account. Spreadex says spread betting profits are free of UK capital gains tax and stamp duty, depending on personal circumstances and future changes in tax law, while CFD gains may be subject to capital gains tax.

Spreadex Pro, the professional account, is open only to existing clients who meet at least two of three FCA criteria: an average of 10 significant trades per quarter over the last four quarters, a financial instrument portfolio above 500,000 EUR, or at least a year in a financial sector role requiring knowledge of derivatives. It adds higher leverage, cryptocurrencies, more small-cap shares and bespoke cash rebates on request, but professional clients give up negative balance protection and the other retail protections, though FSCS cover may still apply.

Spreadex Spreads, Commissions and Fees

On spread bets the spread is the only dealing charge, and on shares it includes a Spreadex spread that works as the commission. CFDs on indices, forex and commodities are also priced through the spread, while share CFDs carry a commission debited as cash; its rate is not printed on the account pages, and the client agreement refers to Spreadex's market information sheets. Rolling share positions pay overnight funding, which Spreadex's FTSE 350 example sets at the adjusted ARR plus a 4% Spreadex charge, trebled on Fridays to cover the weekend, while futures carry no overnight charge. Shorting a stock that cannot be borrowed typically costs about 10% a year. Spreadex says it charges no account or inactivity fees.

Spreadex Leverage

Retail leverage is up to 1:30 on major currency pairs, 1:20 on minor pairs, major indices and gold, 1:10 on other commodities and 1:5 on shares. Spreadex Pro clients get up to 1:200 on major currency pairs, major indices, gold and other commodities, 1:40 on minor pairs, 1:22 on shares and 1:6 on cryptocurrencies, which retail clients cannot trade.

Spreadex Trading Platforms

Spreadex runs its own trading platform on the web at financials.spreadex.com, in the Spreadex Trading app for iPhone, iPad and Android, and as a mobile web site at tf.spreadex.com. It offers advanced charting with pattern recognition, guaranteed stops, one-click dealing, Force Open for holding long and short positions on the same market, and price alerts by text, push or email. Clients can also link their account to TradingView and trade from its charts in the browser or the desktop app for Windows, macOS and Linux. MetaTrader 4 and MetaTrader 5 are not among the platforms Spreadex lists.

Spreadex Deposits and Withdrawals

The minimum deposit is 5 GBP, paid by Pay by Bank, Visa or Mastercard debit or credit card, Apple Pay or Google Pay, bank transfer or cheque, always from an account in the client's own name. Spreadex's funding page says standard deposits and withdrawals are free, but its cost disclosure document and an older payment page reserve the right to charge 1 GBP on debit card deposits under 50 GBP. A guaranteed same-day CHAPS withdrawal costs 25 GBP, and international and non-sterling transfers carry additional bank charges. Money paid in another currency is converted at Barclays' prevailing retail rate according to the funding page, or at the mid-point of Spreadex's spot market plus a fee according to its client agreement.

Pay by Bank, Apple Pay and Google Pay withdrawals are instant, with Pay by Bank available only after a Pay by Bank deposit. Card withdrawals go back to the card used to deposit, usually within 2 hours of approval or 2 to 5 working days with some issuers, and bank transfers are paid the next working day if requested before 4pm, otherwise within 2 working days. Spreadex reports that 96.2% of withdrawals in 2025 were processed in under 30 minutes. Its client agreement says it need not process a withdrawal while the client owes money to Spreadex or a group company, or where it reasonably expects the money may be needed to cover future losses.

Spreadex Support

The financial trading desk answers on 08000 526 570 (freephone) and +44 (0)1727 895 151, at fins@spreadex.com and by live chat, 24 hours a day from 21:00 on Sunday to 22:00 on Friday, UK time. Customer services are on +44 (0)1727 895 000 and info@spreadex.com from 8am to 5.30pm every day. Complaints go to the compliance department at disputes@spreadex.com, which issues a final response within eight weeks. Retail clients can then refer an unresolved complaint to the Financial Ombudsman Service; Spreadex's complaints page says some professional clients can too, while its client agreement says a client who was not a retail client at the time cannot.

Spreadex Pros and Cons

Pros

• FCA authorisation for Spreadex Limited, shown on the FCA register, with retail client money held in segregated accounts
• Low 5 GBP minimum deposit and no account or inactivity fees
• Spread betting and CFDs on its own platform, plus TradingView
• Instant withdrawals by Pay by Bank, Apple Pay and Google Pay

Cons

• No MetaTrader 4 or MetaTrader 5
• Cryptocurrencies only for professional clients
• Commission on share CFDs and overnight funding on rolling share positions
• Its account pages and client agreement say different things about losses beyond the account balance
• Most retail investors lose money on its spread bets and CFDs, by Spreadex's own figures

Spreadex Review and Assessment

Spreadex is a long-running UK spread betting and CFD provider whose operating company, Spreadex Limited, is authorised by the FCA, and it pairs its own platform and TradingView access with a 5 GBP entry point. It suits traders who want spread betting or CFDs from a UK provider and do not need MetaTrader. Before funding an account, weigh the leverage risk, the costs of share CFDs and overnight positions, and the difference between the negative balance protection its pages describe and the loss terms in its client agreement.