Spreadex is a spread betting broker specialising in financial and sports spread betting, with low trading costs for both. In this Spreadex spread betting review, I’ve tested the broker’s trading conditions and spreads to see how they perform in the real-world.
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Spreadex Summary
Spreadex is an ideal pick if you are an active trader, as its tight spreads, solid trading conditions, and range of markets provide a top environment in which to spread bet.
In particular, I like that Spreadex offers TradingView, which I think is the best platform for technical analysis. Its charting outperforms everything else I’ve used. As a bonus, you can enjoy both financial and sports spread betting from just one company, as Spreadex offers both.
61% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Spreadex has the second lowest spread betting fees across all 16 spread betting brokers we tested. The most traded instrument is forex. Below I’ve included the average spreads across some of the key pairs from our testing.
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Spread Bet Spreads
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|---|---|---|---|---|---|
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0.90 | 1.20 | 1.40 | 1.10 | 1.80 |
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0.60 | 1.10 | 1.00 | 0.70 | 1.30 |
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0.80 | 1.20 | 1.40 | 1.40 | 1.90 |
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0.85 | 1.40 | 1.40 | 0.82 | 1.77 |
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1.40 | 1.50 | 1.50 | 1.00 | 2.40 |
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1.10 | 1.30 | 1.40 | 1.40 | 1.60 |
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0.60 | 1.50 | 1.30 | 0.60 | 2.00 |
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0.90 | 1.70 | 1.00 | 0.80 | 1.90 |
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0.80 | 2.20 | 1.40 | 0.80 | 1.90 |
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1.20 | 1.80 | 1.70 | 1.10 | 2.70 |
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0.90 | 1.20 | 1.30 | 1.10 | 1.80 |
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0.80 | 1.00 | 1.00 | 1.00 | 2.50 |
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1.40 | 1.10 | 1.60 | 1.40 | 1.00 |
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1.90 | 1.20 | 2.00 | 1.00 | 1.70 |
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0.80 | 1.20 | 1.10 | 1.10 | 1.90 |
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1.40 | 1.60 | 1.80 | 2.10 | 1.80 |
Avg. spreads are taken from each broker's website and updated monthly. Last update on 2026-01-02
As you can see, Spreadex has some of the best average spreads available in the market.
Here’s what our senior analyst Ross Collins had to say about this performance.
“Across the nine currency pairs I compared, Spreadex has close to the best average spreads ,” Ross said. “The broker’s average spread across all nine pairs is just 1.52.”
“Only Pepperstone has a lower overall average, with a 1.50 in my tests, but only just.”
In the table below, you can learn more about Spreadex’s performance against the industry average. Time and time again, we see that Spreadex is beating the industry standard.
| SpreadEX Spread | Average Industry Spread | |
|---|---|---|
| EUR/USD | 0.9 | 1.0 |
| AUD/USD | 1.1 | 1.1 |
| EUR/GBP | 1.2 | 1.4 |
| GBP/USD | 1.4 | 1.3 |
| USD/JPY | 1.1 | 1.3 |
| AUD/JPY | 1.8 | 2.1 |
| EUR/JPY | 1.8 | 2.2 |
| USD/CAD | 1.8 | 1.9 |
| USD/SGD | 2.6 | 3.6 |
To help calculate how spreads impact your trading fees, I recommend using the fee calculator I created. This tool gives you a comparison between SpreadEX and their main competitors.
Calculate Your Cost To Spread Bet
Total Cost of Spread Bet
Total Cost of Spread Bet
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Total Cost of Spread Bet
Of course, SpreadEX offers more than just forex spread betting. This is why I decided to test the next most popular instrument too – shares. Below are the fees for each share market, with SpreadEX beating the industry average across most of them.
| Share Category | SpreadEX | Industry Average |
|---|---|---|
| UK Shares | 7pt | 5.19pt |
| US Shares | 0.15% | 0.16% |
| Geman Shares | 0.15% | 0.15% |
| Hong Kong Shares | 0.15% | 0.20% |
| Australian Shares | 0.15% | 0.17% |
Spreadex also helps you avoid hidden fees. With the broker, you’ve got:
The only additional fees worth factoring in are for positions held overnight known as funding charges or financing fees. These are standard within the spread betting industry so I haven’t compared them but it’s worth understanding if you’re planning to hold positions for a longer period.
Verdict on Fees
I gave SpreadEX a rating of 9/10 for their fees based on the fact they had the 2nd lowest spread when trading currencies. The rating was also based on the fact that their spread on shares is consistently below the industry average. If trading fees are important to you, then I personally would choose either Spreadex or Pepperstone as the right broker for you.
61% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
I found that Spreadex offers two trading platforms: its proprietary Spreadex platform, and TradingView. Both platforms provide value for different trading styles, especially if you focus on technical analysis.
There are also mobile trading options for placing bets on the go.
I’m a fan of brokers that offer TradingView, and so I’m pleased to say that Spreadex is one of them. From my experience, this is one of the best trading platforms, offering the industry’s best charting and technical analysis tools.
The charting tools are a real standout feature for me. TradingView offers over 100 built-in technical indicators, 12 chart types, and more than 50 drawing tools. Plus, TradingView is always updating its catalogue with new and improved indicators, such as automated support and resistance levels, giving you endless choices for improving your technical analysis.
You can use the Pine Script to develop custom indicators if you require bespoke tools.
The advanced analysis tools on TradingView, such as Volume Profile, let you use the volume data collected by TradingView to analyse markets. The Screener tool provides you with a toolkit for filtering assets based on various criteria, helping you find assets ready to spread bet on.
One unique aspect of TradingView is its social trading and community features. The platform is a social network for traders, allowing you to share ideas, strategies, and analyses through chat rooms and video streams. I found this environment valuable for learning and exchanging ideas with other traders.
However, one drawback I encountered with TradingView was the inability to automate trading strategies fully. While custom indicators can alert you when there is an opportunity, you cannot set them to execute bets or manage trades automatically.
That said, this semi-automated trading option may appeal to some traders who prefer to review the markets before entering a trade.
The Spreadex web trading platform impressed me with its decent charting capabilities. It offers over 35 technical indicators, including popular ones like moving averages, RSI, and MACD.
I found the platform well-designed, with centrally focused charts, and watchlists and trade tickets conveniently placed on the outside. This allows you to concentrate on the market action without distractions. Unlike other proprietary platforms, I found the ability to customise the layout to suit my preferences a nice touch.
One feature that stood out was the automated Pro Trend lines, which generate major and minor support and resistance levels based on recent price action. I feel this tool can be particularly helpful for new traders, helping them analyse their charts more efficiently.
Additionally, the pattern recognition tool is another useful feature for day traders and beginners. This is going to assist you in finding new trading opportunities throughout the day.
Like TradingView, the Spreadex platform does not offer the ability to fully automate trading strategies. However, unlike TradingView, it does not provide semi-automated options either, which may be a drawback for some traders who prefer a more hands-off approach.
Spreadex allows you to connect your spread betting account to both TradingView’s and Spreadex’s mobile apps, available on iOS and Android.
I found the Spreadex mobile app to have most of the same features as the web platform, enabling me to easily manage my trading account and find new trades on the go.
However, it does lack some of the main features I discussed earlier, such as the trend line and pattern recognition tools, making the web platform more suitable for in-depth technical analysis.
TradingView’s mobile app is similar, with some of its top features restricted on mobile devices. However, I still had access to all the same 100+ indicators and drawing tools while on the move.
Interestingly, I discovered I could access the restricted features by logging into either platform through Safari or Chrome on my mobile device. This workaround provides a way to access these tools on mobile, just not through the dedicated app.
The main advantage I found with mobile trading apps is the ability to receive push notifications at price levels of interest. This feature allowed me to react quickly to market movements while away from my desk, which I found particularly useful.
During my review, I found Spreadex’s execution speeds impressive, thanks to the broker’s Market Maker execution model.
While testing both platforms, I didn’t experience any issues with execution speeds or rejected orders. In fact, as part of Spreadex’s best execution policy, if I were to request a price worse than what they are receiving from the market maker, they would instead offer me a better price. This policy ensures you always get the best deals when trading with Spreadex.
Verdict On Spreadex Trading Platforms
I like that Spreadex offers different options for trading platforms, as many other brokers don’t give you a choice. Both TradingView and the Spreadex trading platform focus heavily on advanced charting features, which will appeal if you use technical analysis. In fact, I think Spreadex is the best spread betting broker overall if you’re using TradingView.
Yes, Spreadex Ltd. is a safe and reliable broker. It is regulated by the Financial Conduct Authority (FCA) and the Gambling Commission in the UK. The broker has also been established in 1999 and over 27 years has grown to have over 60,000 traders using their services.
Spreadex is authorised and regulated by the Financial Conduct Authority (FCA) under firm reference number 190941. It is authorised to provide spread betting and related financial services to UK retail clients.
The FCA’s strict oversight ensures that Spreadex adheres to high standards of financial conduct and client protection. I think this regulation provides several benefits for traders like myself:
I’ve found that Spreadex has built a solid reputation over the past two decades. Their recent accolade as the “Best Spread Betting Provider” by ADVFN in 2024 is particularly impressive. It’s worth noting that they’ve consistently won awards since 2016, which speaks volumes about their sustained quality of service.
In my opinion, the broker’s success in attracting 60,000 traders over 20 years reinforces its reputation and customer satisfaction with its services. I believe this growth and longevity in the competitive spread betting market highlight its strong reputation.
The table below highlights Spreadex’s regional search interest in 2025.
| Country | 2025 Monthly Searches |
|---|---|
| United Kingdom | 49,500 |
| Ireland | 1,300 |
| India | 1,000 |
| United States | 590 |
| Spain | 590 |
| France | 210 |
| Turkey | 210 |
| Australia | 170 |
| Netherlands | 170 |
| Uruguay | 170 |
| South Africa | 140 |
| United Arab Emirates | 140 |
| Poland | 140 |
| Cambodia | 140 |
| Germany | 110 |
| Italy | 110 |
| Thailand | 90 |
| Brazil | 90 |
| Canada | 90 |
| Greece | 90 |
| Pakistan | 70 |
| Indonesia | 70 |
| Nigeria | 70 |
| Philippines | 70 |
| Portugal | 70 |
| Austria | 70 |
| Cyprus | 50 |
| Japan | 40 |
| Saudi Arabia | 40 |
| Colombia | 40 |
| Hong Kong | 40 |
| Singapore | 40 |
| Venezuela | 40 |
| Mexico | 40 |
| Argentina | 40 |
| Sweden | 40 |
| Egypt | 30 |
| Vietnam | 30 |
| Morocco | 30 |
| Malaysia | 30 |
| Kenya | 30 |
| Bangladesh | 30 |
| Switzerland | 30 |
| New Zealand | 30 |
| Ghana | 20 |
| Taiwan | 10 |
| Algeria | 10 |
| Peru | 10 |
| Dominican Republic | 10 |
| Ecuador | 10 |
| Tanzania | 10 |
| Uzbekistan | 10 |
| Uganda | 10 |
| Chile | 10 |
| Jordan | 10 |
| Botswana | 10 |
| Bolivia | 10 |
| Mauritius | 10 |
| Panama | 10 |
| Costa Rica | 10 |
| Mongolia | 10 |
| Sri Lanka | 10 |
| Ethiopia | 10 |
United Kingdom
|
49,500
1st
|
Ireland
|
1,300
2nd
|
India
|
1,000
3rd
|
United States
|
590
4th
|
Spain
|
590
5th
|
France
|
210
6th
|
Turkey
|
210
7th
|
Australia
|
170
8th
|
Netherlands
|
170
9th
|
Uruguay
|
170
10th
|
I always check customer reviews on TrustPilot to gauge a broker’s “real-world” reputation. As of April 2026, Spreadex has an impressive 4.5 out of 5 rating on the platform, based on 186 reviews in the UK, earning them an “Excellent” rating.
The high concentration of positive reviews indicates that most of Spreadex’s clients are satisfied with the services provided. This feedback from real users further solidifies my confidence in the broker’s trustworthiness.
Verdict on Spreadex’s Trustworthiness
Spreadex has proven to be a trustworthy broker, being regulated by the FCA and supported by its large customer base with overwhelmingly positive reviews. The broker’s reputation is backed up by industry recognition, achieving multiple awards, including the Best Spread Betting Broker from ADVFN in 2024.
Spreadex offers a good mix of traditional and modern funding methods. They provide secure and speedy options like debit cards and bank transfers, which I appreciate for their reliability. I was also pleased to see Apple Pay as an option, adding a convenient touch for those using Apple devices.
I was impressed to discover that Spreadex has no minimum initial deposit requirement. This zero threshold is an advantage, in my opinion, as it allows traders of all levels to start with an amount they’re comfortable with.
I believe this flexibility is beneficial if you are new and might want to test the waters without committing a large sum upfront.
You have a few options open to you for your account base currency with Spreadex, such as the GBP, USD and EUR. However, you’ll only be able to use GBP for spread betting, but you can use the other currencies for CFDs and other trading types.
I found that Spreadex provides several payment methods for depositing funds into your account. These include debit and credit cards, bank transfers, and Apple Pay if you’re using an Apple device.
During my testing, I tried the Apple Pay and debit card options and was pleased to find that the deposits went through instantly, allowing me to start trading immediately. There were also no deposit fees associated with these methods, which is always a plus.
When it came to withdrawing my funds, I was impressed with the speed of the process at Spreadex. In most cases, withdrawals can be processed within just two hours. This is faster than with most brokers, who can take 24 hours to approve your withdrawal. Opting for a bank transfer may take longer, typically arriving back in your account within two working days.
The only slight drawback is that Spreadex has a minimum withdrawal amount of £50. However, this is likely in place to help save on administrative and banking processing fees, which is why they are able to offer fast and free withdrawal methods.
Opening an account with Spreadex was a straightforward online process for me. Due to FCA requirements, all spread betting brokers must ask standard questions about your market knowledge, risk tolerance, and financial/employment details.
The process took me about 10 minutes to complete, and I was approved within an hour of sending my verification documents, which I consider a great turnaround time.
Verdict On Spreadex Funding
The broker offers multiple, secure, fast deposit methods with no minimum deposit required, allowing you to deposit the amount of funds you are happy to risk (no matter how small). Funding and withdrawal speeds are some of the fastest in the industry, which is why I think Spreadex does an excellent job in this category.
61% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Spreadex is a multi-asset spread betting broker offering an impressive 10,000 financial spread betting markets. The broker’s extensive range covers forex, commodities, indices, shares, ETFs, bonds, options, and sports spread betting.
I found Spreadex’s forex offering very strong indeed, with over 60 currency pairs available, including majors, minors, and exotic pairs. I liked the inclusion of forex futures on major pairs like EUR/USD, which is excellent for longer-term spread betting. You’ll pay a wider spread on these, but avoid overnight fees.
Futures offer you an opportunity to speculate on intraday markets and longer-term bet ideas, and few other brokers provide this.
Spreadex gives you access to 12 spot commodities, including gold, silver, oil markets, and soft commodities like coffee and sugar. Additionally, the broker offers commodity futures markets – 26 in total.
I was pleased with Spreadex’s 17 indices on major global stock index markets, such as the FTSE 100. This range is in line with most other brokers I’ve reviewed. However, what sets Spreadex apart is its offering of futures markets for indices, totalling 31 indices.
This feature allows for betting on indices over longer periods, which I found beneficial for implementing extended trading strategies without worrying about daily financing charges.
Spreadex offers access to thousands of share markets across 15 stock exchanges, including US, UK, and European markets. I found it interesting that the broker focuses on IPOs and AIM stocks (small cap), providing unique trading opportunities not offered by many other brokers I tested.
I was impressed by Spreadex’s selection of over 200 ETFs. These cover various sectors, from commodity-tracking gold, to specific sectors like banking and finance.
The broker’s ETF offering allows you to bet on professional funds tracking and the performance of different market sectors. It’s certainly cheaper and more accessible than doing this yourself.
In my testing, I found Spreadex’s bond offering to be very good. It has 13 markets covering European, UK, and US bonds, including popular options like Euro BUND, UK Gilt, and US T-Bonds.
I found Spreadex’s offering of 6 American-style option markets – covering major indices like S&P 500, FTSE 100, NASDAQ, and DAX 40 – to be a valuable addition. The ability to request options on other markets like gold and shares by calling the Spreadex trading team is a bonus, providing flexibility for more advanced traders.
I found Spreadex’s sports spread betting offering a standout feature. There’s no shortage of opportunities, with over 10,000 markets across various sports like football, tennis, and golf. You’re sure to find your favourite sports to bet on, and some markets even offer a free bet in certain circumstances.
The inclusion of bet in-play features adds an extra layer of excitement and potential for those who enjoy real-time action. You can place these bets through the live-streaming service of the event via Spreadex.
Verdict On Spreadex Trading Products
I found Spreadex to offer one of the largest ranges of trading products, with a choice of 10,000 financial markets (plus thousands more sports spread betting markets). Based on my findings, Spreadex is certainly one of the best if you want access to multiple assets, especially if you want to bet on AIM and IPO markets.
During my review, I had a great experience with Spreadex’s customer service. I primarily used their Live Chat support, which is available 24/5 for all clients. Whenever I reached out with questions, the support team responded swiftly and provided helpful answers.
I appreciate the convenience of having round-the-clock help, as it ensures I can get further assistance whenever I need it, regardless of the time.
Alternatively, Spreadex offers phone support for faster assistance. However, the customer support team is only available via phone from 8 a.m. to 5:30 p.m. UK time.
You’ll need to rely on Live Chat or the Help Centre for self-service outside these hours. While the limited phone support hours might be a drawback for some, I found the Live Chat and Help Centre sufficient for most of my needs.
One aspect I particularly liked was the comprehensive Help section on its website. It’s well-organised and allowed me to quickly find answers to many common questions without needing to contact support directly.
Verdict On Spreadex Customer Service
Spreadex customer service is impressive. The 24/5 live chat support is excellent, and you’ll be dealing with human agents and not bots, which is one of the reasons I rate Spreadex highly. On top of that, the phone support is impressive (although only offered during limited hours), and access to an expert on the phone ensures your questions are resolved quickly.
Spreadex offers a solid combination of in-house market analysis and an educational hub, providing valuable resources to enhance your knowledge and find new trading ideas.
Spreadex Market Analysis
I found Spreadex’s in-house market analysis to be a valuable resource. Their team of analysts covers the latest market news and data releases, offering in-depth commentary supported by charting and data tables from multiple sources.
One thing I appreciated was the multiple updates, such as the Daily Market Update and Weekly Technical Analysis.
These periodic updates give you a heads-up on what to look for in upcoming trading sessions, while offering new views for trading opportunities that may have been overlooked. The objective and insightful analysis provided by Spreadex’s analysts contribute to a great resource for traders looking to stay informed and make well-informed trading decisions.
Spreadex Education Hub
The Spreadex Education Hub is a decent resource if you’re looking to expand your knowledge.
My fellow SpreadBet co-founder Noam Korbl explains more:
“I found the 35 web-based lessons on the Education Hub informative,” Noam said. “Although I would have appreciated the inclusion of video content, the explanations were excellent, with helpful diagrams that simplify complex concepts.”
“I enjoyed the humour injected into the lessons, which made the learning experience more engaging. The Hub covers various topics, from the basics of spread betting and using Spreadex’s platform to advanced trading strategies and risk management.”
Spreadex Demo Account
One aspect that surprised me was the lack of a demo account on their SpreadEx platform. Offering no demo account is unusual for a spread betting broker, and I found it to be a drawback as you cannot test the broker’s services or platform before committing to a live account. There is an exception if you use the TradingView platform but this doesn’t have all the features and UX of their main software so it remains an issue.
As an experienced trader myself, I always recommend testing a platform before committing real money. The absence of this option at Spreadex is disappointing.
Verdict On Spreadex Research and Education
I think Spreadex provides a decent research service, with analysis and commentary that is easy to follow and valuable information, unlike others who regurgitate Bloomberg news.
While lacking videos, the Education Hub offers well-written and comprehensive lessons that I think new traders may enjoy learning from.
Spreadex provides an excellent blend of some of the top services I’ve experienced in my years of brokerage testing.
Its spreads are competitive, if not better than most brokers I’ve tried, averaging only 0.9 pips on EUR/USD. As for markets, the broker offers a strong collection of 10,000 markets covering typical markets like forex and stocks and advanced products like futures and options markets.
If you fancy a bet on sports markets, you can do that with Spreadex. This is one of the only company options I’ve seen to provide both forms of spread betting in one place.
You can use TradingView or its Spreadex Web Trader platform. Both have access to the full suite of markets while offering excellent charting tools. The Spreadex platform, in particular, offers advanced tools like automated Pro Trend Lines and pattern recognition, helping make technical analysis easier.
On top of these excellent features, I found the broker’s operations for deposit and withdrawal to be fast, and the customer service is some of the best I’ve used.
61% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Spread betting on Spreadex is a form of financial trading where you speculate on the price movement of various markets without owning the underlying asset. You can profit from both rising and falling markets, with potential gains or losses based on how far the market moves in your predicted direction.
One key advantage of spread betting is that it is exempt from capital gains tax and stamp duty, helping you save money if you are a profitable spread bettor.
Yes, Spreadex does offer a sports betting service. You’ll be able to place bets on the outcome of matches, or more granular details like goals scored.
Sports spread betting is wagering on the outcome of a sporting event like a football match or horse racing meet, where profits or losses are based on the accuracy of your bet.
You bet on whether a specified outcome will be above or below a ‘spread’ offered by the bookie. This is essentially a representation of the broker’s betting odds. Your winnings or losses are determined by how far above or below the spread the outcome finishes. You’ll place an initial stake, and your profit or loss is this stake, multiplied by how many points you were under or over.
While very different to casino betting or casino gaming, it’s still a form of gambling, and is therefore inherently risky.
Yes, it does. While the vast majority of spread betting providers only offer one or the other, Spreadex lets you place bets on financial markets or sports as you see fit.
Yes, Spreadex offers a mobile app for iOS and Android devices. You can choose from either TradingView or its proprietary Spreadex platform.
The Spreadex betting app allows you to bet on thousands of financial markets on the go, including indices, shares, FX, and commodities. It features advanced charting, price action tools, and price alerts that offer a user-friendly interface with easy access to the tools, improving the user experience on a mobile device.
Spreadex offers spread betting on various markets, including indices, shares, forex, commodities, options, ETFs, bonds, and interest rates.
It also provides sports spread betting on various sports, such as football, horse racing, cricket, snooker, and rugby, as well as in-play spread betting on live markets through its sportsbook.
Tennis tournaments and Premier League football are the most popular sports betting options with Spreadex sports.
The difference is that financial spread betting involves speculating on price movements of financial markets, while sports spread betting allows wagering on various aspects of sporting events.
Both services use the spread betting model, but they cover different types of markets, and profits are tax-free from capital gains tax.
The main difference is that with fixed odds betting, your potential profit or loss is ‘fixed’ by the odds offered by the bookmakers. For example, if you found a sports fixed odds betting market with odds of 2-to-1, and bet £10, your maximum pay out would be £20.
In spread betting, your profit or loss is a multiple of your stake based on how far the outcome differs from the spread, giving you unlimited upside potential. Spread betting offers potentially higher profits, but also higher risks.
As a retail trader, you cannot spread bet crypto (or crypto CFDs) in the UK, as the FCA restricts this functionality with brokers. If you want to speculate on crypto markets, you need to be either a professional trader or buy and sell on crypto exchanges.
Ask an Expert
How fast is trade execution on SpreadEx’s platform?
Trade execution on SpreadEx’s platform is fast, ensuring minimal delay during high-volume trading times.
Can I use SpreadEx’s platform on mobile devices?
Yes, SpreadEx offers a mobile app, allowing traders to manage their accounts and trade from mobile devices.
How does SpreadEx’s platform perform for spread betting?
SpreadEx’s platform performs well for spread betting, offering a solid and user-friendly experience for traders.
How does spread betting differ from traditional betting on this platform?
Traditional fixed-odds betting has capped wins and losses (you can only lose your stake), while Spreadex spread betting has uncapped profits and losses that scale with how far the result is from the spread.
In short: fixed-odds = limited risk/reward, spread betting = higher potential gain but higher potential los