The Spreadex Ltd firm handles trading in CFDs, Forex, binary options, and spread betting. But if it is sports spread betting or financials you are considering, all traders gain from exactly the identical top-notch trading platform and superb customer services. But this review of Spreadex will analyze both the pros and the cons, such as accounts, mobile programs, and much more.
A Concise History
Spreadex hit on the online spread betting arena in 1999. They were first located in Dunstable, Bedfordshire.
In 2006 the UK-based limited business established an online spread betting service, which has been quickly followed with their monetary trading platform. By May 2010, Spreadex had brought a fixed-odds sports betting service. This enabled users to place stakes in both fractional and decimal formats.
In 2011, Spreadex introduced a live online casino with a merchant service and an assortment of games, such as:
- Instant win
- Video poker
2013 was subsequently another major year for Spreadex since they introduced their ‘Speed Markets’. This enabled clients to put fixed risk stakes on financial markets.
Yearly reports have proven a strengthening of investor relations along with an increase in earnings. Of course, an increase in dividens has resulted in comparatively content investors.
The managing director and senior leadership staff also have aimed for good results offline also. That is why SpreadEx promotes and functions a fixed odds spread betting pitch in Kempton Park Racecourse.
They are careful with sponsorship deals and some of them are Armed Forces charities, the Responsible Gaming Trust and Cancer Research. All have the goal to demonstrate and encourage some of their core values, such as ethical dealings.
Among the most impressive characteristics of this Spreadex offering is the comprehensive collection of products and instruments. Clients may speculate on 50+ FX pairs and also have access to 15,000+ tools, such as options, stocks, rates of interest, bonds, ETFs, commodities, including oil and cryptocurrency like Bitcoin.
Customer testimonials are also quick to commend Spreadex for assuring one of the most exhaustive AIM stock choice, such as small caps down to market caps of 1 million GBP.
The business also implements their notion of spread betting to sports events. This means customers can speculate on all the following:
- Horse racing
- Rugby League & Union
- Football Supremacy betting
- NFL Super Challenge leaderboard
Users may also speculate on UK general elections and overall politics.
Notice you can get each the above mentioned trading options from one trading accounts.
Minimum Initial Deposit
Launching a live accounts with Spreadex requires only a 1 GBP minimal deposit. The minimal bet/trade size is then only 10p. As consumer testimonials demonstrate, this makes Spreadex an appealing proposal to dealers with limited initial funds.
Spreads & Commissions
The outcomes of comparisons with opponents show minimal spreads are rather appealing. By way of instance, you can exchange on the EUR/USD out of 0.6 pips, although the industry average is about 0.82 pips.
See their whole site for an extensive breakdown of minimal spreads. There you’ll also find information on max monthly premiums.
Spreadex provides around 200x leverage. Even though Spreadex’s gross profits and prices are competitive, leveraged trading includes quite some risks. Actually, if you are not careful, you can lose more than your first deposit and quickly wind up in debt.
Notice you might have the ability to amend your own credit limit by calling client care.
Other Trading Charges
You’ll incur contingency fees according to your size. But also bear in mind that Spreadex doesn’t charge any inactivity fees, unlike a lot of competitions.
Promotions & Offers
An appealing signup bonus for Spreadex monetary traders is a 5 percent bonus on UK 100 winnings.
The business also has an appealing complimentary iPad miniature linking offer. If you meet minimal staking conditions, you might get your hands on a new iPad. The firm has been known to operate an Apple Watch Sports deal.
Additionally, there are other sign up bonuses to think about, for example protected wager offers.
Used properly, each the aforementioned can help fortify your primary capital and improve your potential wages. But, Spreadex promotions vary over time.
Spreadex Trading Platform
As soon as you log in, you’re met with a clean and intuitive stage. One of the primary highlights, however, is that of the elevated levels of customisability. You are able to see data in a way which makes for comfy trading.
In addition you have simple trading and easy accessibility to personalize orders. Another helpful feature is their Price Alert service. This enables you to install email or text notifications for when costs reach specific levels.
The CEO has also made an attempt to be sure the platform gives an extensive offering. Because of this, you receive a succinct newsfeed and easy-to-digest fiscal outcomes.
Spreadex.com reviews also compliments the instruction offering. Tutorials arrive in the kind of a user-friendly video coaching center. This is great for new dealers who wish to get to grips with ensured stop-losses, for instance.
Some other key trading applications comprise:
- Force Open Positions – It is possible to go long and short in precisely the exact same time by choosing ‘Force Open’ in your commerce ticket.
- Cost Improvements – Spreadex takes their costs from a variety of resources. But above all, if cost shifts as soon as you click to trade, you won’t be filled at a worse degree.
- Quick Execution Rate – Platform implementation rate is vital as a intraday trader, so every second counts.
Is Spreadex any good for its trading platform? Customer reviews
respond with a resounding yes to that issue.
Notice Spreadex isn’t a white label.
Both sports and financial trading reviews are favorable concerning the smartphone application offering. The smartphone application is quite much like the desktop website.
Because of this, characteristics include:
- Depositing capital
- Making watch lists
- Accessing trade background
- Adding or editing orders or limitations
- Monitoring and tracking multiple transaction types
Both their cellular sports and fiscal offering have access to their own innovative charting package. Their proprietary graphs include intelligent attributes, for example:
- Automated trend lines
- Clamping to zoom in and out
- Over 10 years of saved data
- Candlestick pattern recognition
- Capability to save and update templates
- Long list of editable technical indicators
- High, low and change percentage for today’s trading day
In general, placing rolling transactions and some other orders is easy and stress-free on Spreadex mobile programs.
Methods of Payment
There are a range of Spreadex payment choices. Deposit procedures include:
- Debit & credit cards
- Online bank transfer
- Wire transfer
There are zero fees for financing your account by using a UK debit card or bank transfer. At length, a 2.5% commission is set up on all non-sterling card transactions.
It might also take a while to fully check the bank’s info.
Immediate withdrawal times vary from two business days for bank transfers to around five times for debit cards. The minimum withdrawal amount is 50 GBP and you are able to make several withdrawals in one moment.
Websites and forums reveal Spreadex is neither great or a sever letdown concerning payment alternatives, coming from around the business standard. Having said this, traders would like rapid accessibility for their own gains, so a rise in withdrawal instances would definitely be welcome.
It is possible to use an account for both financials and sports. But to remain in accordance with FCA regulations, every new client needs to pass compliance checks.
Because of this, you need to present:
- A scanned copy of your passport, driving license or nationwide ID
- A utility bill or bank statement in the last 3 months, showing your home address
Notice it can take a few days to maneuver all compliance checks and receive them to get up and running.
Some customers may also be eligible for a credit limit, which you may apply for if you register. If approved, it is possible to exchange instantly without needing to deposit money into your account. As an alternative, you can decide on the typical pay-as-you-go alternative.
Also, you can contact customer service. Spreadex Ltd contact information are found on the official site.
A different disadvantage this review of Spreadex discovered was that the lack of a demo accounts. This is a true shame, as training balances are an excellent way to get a sense of a broker and platform. They’re also a fantastic tool for beginner traders to come up with market confidence.
So traders searching for a demo account may want to consider one of the many rivals providing this service for an indefinite period of time, free of charge.
Spreadex supplies a lot of useful additional tools. Accumulators, voucher betting along with other choices make it possible for customers to observe exactly the identical kind of stakes in one location when it comes to sports.
For those considering the fiscal offering, the business presented ‘Pulse’. This notification system allows you to remain in-the-know with modifications in shares and other tools.
You can find a range of useful tools about education, including:
- Market forecasts
- Trading Guides Examples
- Economic calendars
- Premier League Points video guides
- Important sports knowledge, including rules on golf,
tennis and cricket
Along with sports rulebooks, you’ll discover fixed odds rules and requirements. You might even get a chance to meet the Spreadex group by going into the About Us section on their site.
On the downside, a few user testimonials were quick to whine about the shortage of API accessibility.
Regulation & License
It’s essential prospective customers search for controlled traders. This might help limit the potential of falling prey to scams and deceptive businesses. This implies customers funds are kept protected in the organization’s working funding via tier-1 banks.
FCA oversight also signifies Spreadex must stick to regulations which aim to safeguard customers. And of course, it means customers’ funding is kept protected in a range of situations, such as insolvency.
There are a number of obvious benefits to this Spreadex offering, such as:
- Price alarms
- Fixed spreads
- Christmas hampers
- Best chances guaranteed
- Self-exclusion capacities
- Exceptionally competitive margins
- Extensive AIM inventory offering
- 24-hour trading on FX markets
- Credit facilities with evaluations 1 and two2
- Easy-to-use background computer and mobile platform
- Guaranteed stops along with other risk management instruments
- Sports spread betting and financial gambling from precisely the same accounts
- Attractive new accounts promotions, such as double the chances and matched betting offers
Spreadex has also won several recent awards, for example:
- Wealth and Financial International, Alternative Investment Awards 2016 – Best Spread Betting Provider
- City of London Wealth Management Awards 2016 – Best Spread Betting Provider
- EGR Operator Awards 2017 – Spread Betting Operator of the Year
It’s clear that the directors aren’t concerned only with share costs, but also with supplying a top-notch service for customers.
Despite getting glowing customer responses in several of regions, there remain many downsides:
- No MetaTrader
- Can’t use EAs
- No trial account
- No live chat support
- Can’t trade directly from graphs
In general, there are lots of noteworthy benefits. But when you choose Spreadex vs IG along with other competitions, you realise that the former does drop down in the above places.
Spreadex eases trading during regular market hours. But, they also provide out of hours trading. During lengthy periods, the business will quote costs on UK 100 markets from 21:00 Sunday until 21:15 Friday.
This permits you to respond instantly to market news. Additionally, it means you have improved risk management during times of volatility. At length, out-of-hours trading lets you offset standard share places which are usually open only through the day.
Take a look at the client arrangement on the official site for additional information.
Contact & Client Care
Reviews of Spreadex’s client care department are for the most part positive. You may look for assistance and lodge complaints through email or phone. There you may discover sports and financial contact info. It is also possible to pick up the appropriate email address or the postal address to your Spreadex Ltd St Albans office, situated in Churchill house.
Employees are considerate and knowledgeable, while reaction times are all around the market average. Customer service representatives need to be able to assist you with financial or sports login issues, as you may also have betting rules, and terms and conditions clarified.
Spreadex has made a BrokerNotes A service rating for useful aid in over three languages, in addition to telephone and email service.
Regrettably, Spreadex doesn’t offer you a live chat services. As consumer testimonials demonstrate, this can be a critical drawback. A live chat support generally promises fast and efficient support. This is a place Spreadex can improve in, particularly as most opponents currently offer you this kind of service.
Remember Spreadex does not have an office in London, so all of the correspondence must be sent to the address at St Albans.
Safety & Security
Spreadex takes privacy and security seriously. They utilize innovative encryption technologies and stick to numerous safety protocols. This should help keep your information protected from:
- Access or disclosure that is not permitted
Both sports and financial trading reviews are quite positive. Though Spreadex isn’t the cheapest in the marketplace, they do guarantee a bespoke service and ample credit facilities. Additionally, the monetary and sport product indicator permits for speculation on a massive variety of occasions. The partner iniciative guarantees that you can count on some generous welcome supplies.
Overall they are a sensible alternative for traders of all experience levels. In reality, it’s predominantly only those searching for a free demo account or a live chat service might want to try something else.
Spreadex accepts traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other states.
Traders can’t utilize Spreadex in the US or Canada.