Question 1

Is Spreadex beginner-friendly?

Accepted Answer

Spreadex has mixed suitability for beginners. While it offers a low minimum deposit of just $5 and provides 36 educational articles covering trading basics, the platform itself can feel overwhelming for first-time traders. Unlike brokers using MetaTrader, Spreadex's proprietary platform has an unconventional layout that's built for multiple services (CFD trading, sports betting, spread betting). The broker lacks demo accounts, which limits practice opportunities for novices. However, its robust educational hub covers essential trading concepts, and the platform's one-click trading and guaranteed stop orders can help beginners manage risk effectively.

Question 2

Is Spreadex safe and properly regulated?

Accepted Answer

Yes, Spreadex is highly safe and well-regulated. The broker is authorized and regulated by the UK's Financial Conduct Authority (FCA) under license number 190941, which is considered a Tier-1 regulator. Client funds are kept in segregated accounts separate from company capital, and negative balance protection ensures losses cannot exceed invested capital. Spreadex clients are covered by up to £85,000 compensation under the FSCS scheme in case of insolvency. The broker has maintained operations since 1999, demonstrating long-term stability and transparency in its legal documentation.

Question 3

What are Spreadex's trading costs and fees?

Accepted Answer

Spreadex's fee structure is mixed across different instruments. The broker charges competitive low spreads on EURUSD (0.6 pips) and Germany 40 (1.4 basis points), which are below industry averages. However, spreads on popular instruments like Gold (XAUUSD) and Dow Jones 30 are higher than market standards. Share CFDs incur a 0.15% commission. Importantly, Spreadex doesn't charge non-trading fees - deposits, withdrawals, and account inactivity are completely free. The broker doesn't disclose swap rates publicly, making it difficult to assess overnight position costs.

Question 4

What is the minimum deposit at Spreadex?

Accepted Answer

Spreadex has an exceptionally low minimum deposit requirement of just $5 (or £5), making it accessible to traders with limited capital. This low threshold allows new traders to start with small amounts and gradually build their positions. The broker offers flexible account funding through multiple methods including bank wire, credit/debit cards, Apple Pay, Google Pay, and cheques. Deposits are processed instantly for most payment methods, though bank transfers take 2-5 business days.

Question 5

What trading platforms does Spreadex offer?

Accepted Answer

Spreadex offers its proprietary web-based trading platform along with mobile apps for iOS and Android, plus integration with TradingView. The platform features advanced charting with 58 technical indicators, 11 drawing tools, 17 timeframes, and 10 chart types. Key features include one-click trading, detachable charts, price alerts, customizable watchlists, and guaranteed stop orders. The platform supports market, limit, and stop order execution. While powerful for experienced traders, the interface can feel scattered and overwhelming for beginners due to its multi-service design covering CFDs, sports betting, and financial spread betting.

Question 6

What instruments can I trade with Spreadex?

Accepted Answer

Spreadex offers an extensive selection of over 1,400 tradable instruments across multiple asset classes. This includes 83 forex pairs (major, minor, and exotic), 32 commodities (metals, energies, softs), 1,000+ share CFDs, 39 indices, 9 cryptocurrencies, 200+ ETFs, 22 bonds and interest rate instruments, 5 options contracts, and even periodic IPOs. The broker provides both spot and futures contracts across most asset classes, giving traders flexibility in their trading strategies. This diverse offering surpasses industry averages across almost all asset classes and includes unique instruments not commonly available at other brokers.

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