Spreadex Spread Betting Review

Our Verdict On Spreadex

Spreadex scores 96/100 and ranks 2 of 14 because its 1.52-point average across our nine harvested pairs is the third-cheapest of the thirteen accounts we harvest. It prices above that average on GBP/USD, so what you trade decides the saving.

How We Scored Spreadex

Our overall score for Spreadex is 96 out of 100. Below is the assessment behind it: Spreadex marked on each of the criteria we score every account against, each one out of 10.

These marks do not add up to the score above, and they are not meant to.The criteria are weighted rather than totalled. We tested whether any set of weights reproduces our published scores from these marks alone, and none does. The table tells you the shape of the assessment rather than its arithmetic. The one figure on this page you can rebuild yourself is the spread average, from the nine rows in the cost table.

The same six criteria are scored on every account we rank, so a mark here means the same thing as the mark on any other review. Our methodology for scoring accounts sets out what each criterion covers, where the data behind it comes from, and which parts of an account we assess rather than test.

For Spreadex specifically, the strongest mark is Trading Platform and the weakest is Trading Cost. That gap is the useful part of the table. Two accounts on the same overall score can be strong in completely different places. The one that suits you is the one scoring well on what you care about.

What The Marks Say About This Account

Spreadex’s strongest mark is for the platform and its weakest is for cost, which is a slightly odd pair given where it sits in our spread table. Both are fair. The account is cheap and it is not the cheapest, and the software is the part of it a user notices every day.

That shape suits somebody who spends time on the chart. This account offers the platform they already know, and a cost position near the front of the field rather than at the very front of it. A reader in that position gets more from it than the overall score suggests.

Who You Are Actually Contracting With

Spread bets at Spreadex are placed with Spreadex Limited (FRN 190941). The brand and the authorised firm share a name here. A register search for Spreadex therefore returns the company you were looking for, which is not true of every provider we cover.

Client money at an FCA-authorised firm is held separately from the firm’s own, and negative balance protection applies to retail accounts. The FSCS and the Financial Ombudsman Service are open to you. That is a floor every provider in our ranking clears rather than a reason to choose this one.

Our guide to FCA regulation of spread betting publishes the authorised entity and reference number for every provider we track. It also names the brands whose register entry does not return the company you searched for. Our spread betting broker reviews directory covers every brand on this site.

Spreadex Spread Betting Costs

Spreadex prices below the industry average on six of the nine pairs, level with it on two and above it on one. Its nine-pair average of 1.52 points sits under the 1.7-point industry row.

Where This Account Is Cheap And Where It Is Not

The table is close to one-sided and the exception is worth naming. Spreadex sits under the industry row on most of the pairs we harvest, level with it on one, and above it on one. The pair it prices above the row is a major, so it is not an obscure exception.

What that means depends on your book. If GBP/USD is most of what you trade, the cost argument for this account is weaker than its position in the table suggests. If it is not, the saving is real across almost everything else. Our spread betting statistics page publishes the whole harvest if you want the field rather than a single account.

Guaranteed Stops At Spreadex

Guaranteed stop-loss orders are available at Spreadex. A guaranteed stop closes your trade at the level you set even when the market gaps straight through it. An ordinary stop cannot promise that, and every provider charges a premium for the difference.

Every guaranteed stop carries a premium, and one can only be set when you open the trade rather than added to a position that is already running.

We have not confirmed how Spreadex charges the premium. It may be taken when the order is placed, or only when the order fires, and that difference decides what the protection costs across a year of trades. We would rather leave it unstated than guess it.

Our spread betting stop-loss guide covers how the order type behaves in a gapping market.

Why The Timing Matters More Than It Sounds

Most providers let you attach a guaranteed stop to a position after it is open. Spreadex does not. That turns the protection from something you can add when a trade starts going against you into something you decide about before it starts at all.

The practical consequence is one you can plan around. If a market gapping through your stop is a risk you want covered, the moment to cover it is the order ticket. Our spread betting stop-loss orders guide covers how the order type behaves when a market gaps.

What You Trade On

Spreadex runs its own platform alongside third-party software, and the list on our summary table below is the set we have confirmed carries the spread betting account. Its platform mark is the highest in its own score table, so this is the part of the account our assessment rates most highly.

Spreadex’s median fill was 152ms across the 15 live orders we timed between 18 and 27 August 2026, mid-pack of the 14 brokers we tested. We have published no assessment of how either performs in use. Fill speed is the one exception, and it is measured: a claim about execution speed or app responsiveness needs a dated test with a recorded device and method behind it, and we now publish one for fill speed, timed on live funded accounts and released with its raw rows.

Our app test counts rather than times. It records the taps from a cold launch to a placed order, whether price alerts fire, and whether a guaranteed stop can be placed in the app. We drove both store builds on 22 and 23 August 2026, using an iPhone 15 Pro running iOS 18.6 and a Google Pixel 8 running Android 15. It measures no speed, so no app here carries a responsiveness verdict.

On Spreadex it took four taps to get from a cold launch to a placed order. Price alerts fired on both builds, and a guaranteed stop can be placed in the app itself. Neither build logged a crash or a stall.

Our UK spread betting platform comparison ranks the fourteen accounts on the attributes we can evidence.

What Our Spreadex Service Tests Found

Spreadex dealt with a live chat query on 24 August 2026 in 5 minutes. Account opening on 10 August 2026 took 2 hours for approval. A withdrawal on 27 August 2026 cost £0 and arrived the next working day.

Spreadex resolved the question on that contact. All three tests ran on the same live funded account we opened ourselves, and the withdrawal came out of it.

Spreadex Versus Pepperstone And OANDA

The two accounts either side of Spreadex in our ranking, on figures every review on this site renders from the same data. Spreadex takes the first column. Spreads are from the August 2026 harvest, the fill time from the timed execution dataset, and the rest from each account’s own published terms.

A row where two accounts show the same figure is a tie on that measure, not on the account. The score is set on the criteria we publish, and the table above shows where the difference between these accounts actually sits.

Spreadex Versus Trade Nation And IG

Spreadex against Trade Nation and IG, on the same figures the ranking table uses. These accounts do not sit either side of Spreadex in our ranking, so the pair is a named comparison rather than one the ranking picked, and every cell is a field each rival’s own review renders in the same form. Spreadex takes the first column. Spreads are from the August 2026 harvest, the fill time from the timed execution dataset, and the rest from each account’s own published terms.

A row where two accounts show the same figure is a tie on that measure, not on the account. The score is set on the criteria we publish, and the table above shows where the difference between these accounts actually sits.

Spreadex Testing Log

Every dated test we ran on this account and every dated read behind the figures on this page, oldest first, from the datasets those figures are rendered from. The log is the evidence trail rather than a summary of it.

What Other Review Sites Say About Spreadex

These are Spreadex’s ratings on the platforms below, each read on the date shown and stated in that platform’s own scale. They are other people’s ratings, gathered on those sites’ own terms, and we publish them so you can weigh them against ours.

Our own score is set on the six criteria we publish and is not influenced by any third-party rating. A high rating on a review platform and a low mark here can both be true of the same account, because they measure different things.

Spreadex At A Glance

Every row below is a value we read on Spreadex’s own UK site or hold in our broker data with a source and a date beside it. An attribute Spreadex does not publish has no row here, because the alternative is a number we would be guessing.

What You Can Bet On

Spreadex publishes these counts on its own market pages. They are the figures it states rather than counts we made, and each one covers the market it names.

• Forex pairs: over 60
• Indices: 30+
• ETFs: over 200

The market rows above are the counts Spreadex publishes on its own market pages, each covering the market it names. Its total is a rounded figure rather than an exact one, and we have not turned it into one. Our spread betting markets guide covers what a count of this kind does and does not tell you.

The Sports Side, And Why It Is Not On This Page

Spreadex runs a sports spread betting business alongside the financial one. It is the same company, which is why its financial markets sit in a separate section of its own website.

Spreadex is the only one of the fourteen brokers we rank that offers sports spread betting alongside financial spread betting, checked against each broker's own pages between 30 August 2026 and 31 August 2026.

This site covers financial spread betting and this review covers the financial account. We hold no data on the sports product, we have assessed none of it, and the score at the top of this page is about the financial side alone. Saying so is more useful than a section written from a competitor’s description of a product we have not looked at.

Our Spreadex Video Review

Our own video review of the Spreadex spread betting account, from the SpreadBet channel.

From the Spread Bet UK YouTube channel, where we publish our video reviews of UK spread betting accounts.

Spreadex Pros And Cons

Each line is a field in our broker data with a source and a date behind it, not an impression. Where Spreadex does not publish an attribute, that absence is listed as a cost rather than left blank.

Spreadex Spread Betting: FAQs