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Thadeus Geodfrey is an experienced and celebrated writer and self-taught trader specialising in cryptocurrencies and forex. Market analysis, identifying fraudulent brokers, and security are his cup of tea. At BrokerRaters Thadeus develops educational materials and user-guides, offer market insights, ensures our content conforms to the best standards. Join Thadeus to succeed in your trading endeavours.
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An outstanding broker is one that has existed and demonstrated excellence for decades, and no other company fits this description better than Spreadex. Launched in 1999, Spreadex has gradually evolved to become one of the leading mobile platforms for trading forex and other financial assets.
Today, Spreadex boasts a massive user base of tens of thousands active members, and this is just the beginning as more people keep joining. Additionally, this broker has been rewarded in the past for its outstanding mobile trading platform and a top-notch trading alert system.
The emergence of Spreadex as the best mobile trading platform should not surprise you. In fact, the platform was optimized mainly for that purpose, and it has contributed significantly to the growth of its user base. In this Spreadex review, we share our firsthand experiences using the platform and explain why it might be the ideal broker for your online trading venture.
In This Guide
Our Opinion about Spreadex
One thing we prioritize is always giving you accurate information about the broker in question. To achieve this, our team took time to create an account on Spreadex to find out what it really feels like to trade on the platform, and we can assure you that the results were impressive.
We first noted how simple and user-friendly the Spreadex broker platform is. It just makes it fun to navigate your favorite marketplaces regardless of whether you’re accessing the platform through a mobile app or your web browser. Moreover, Spreadex works excellently on both iOS and Android operating systems, thus minimizing worries and letting you fully focus on your trading activities.
The rich diversity of trading instruments is the other fantastic thing we discovered about Spreadex. That means you can choose from a pool of thousands of financial instruments, including forex pairs, commodities, ETFs, and more.
An expert Spreadex review like this one can only be complete after mentioning how seamless and fast it is to create a trading account on the platform. The account opening process was pretty fast, and we were able to proceed to the site immediately after providing and verifying our email address.
Spreadex is also a beginner-friendly broker. Our team of experts was actually able to deposit even smaller amounts because, unlike other service providers, there’s no mandatory minimum deposit on the platform. Another notable thing is that Spreadex gives you access to a demo account to practice with before engaging in actual trading. This minimizes mistakes and increases your chances of trading successfully.
Spreadex
✔Licensed and regulated by FCA
✔Zero account inactivity fees
Pros & Cons
Pros
- Registered and regulated by authoritative bodies like the FCA
- Web and mobile versions are available, with support for both iOS and AOS
- No mandatory minimum deposit requirement
- Popular assets are available, including commodities, forex, stock, and ETFs
- Demo accounts for easy learning and quick familiarization
- Zero account inactivity fees
Cons
- The platform’s focus only on mobile devices limits its perfection on desktops
- Doesn’t host popular third-party trading platforms like MT4, MT5, and cTrader
Fees
Our experts evaluated Spreadex’s fees and have good reasons to consider it one of the most affordable brokers today. Several aspects caught our eyes from the get-go. For starters, the platform has zero minimum deposit requirement, free transactions, and no inactivity fees. We’ve summarized Spreadex’s fees in the table below.
| Description | Commission/Fee |
|---|---|
| Minimum deposit | $0 |
| Deposit fee | $0 |
| Withdrawal fee | $0 |
| Inactivity fee | $0 |
| Overnight fee | Yes |
Available Assets
Spreadex users have access to over 10,000 financial assets. That is an impressive collection compared to what other brokers offer. By trading with this service provider, you’ll get the opportunity to exploit opportunities in different markets, including:
- Forex
- Indices
- Shares
- Commodities
- ETFs
- Cryptocurrencies
- Options
- IPOs
Security
Before we conclude this Spreadex review, we want to share a few critical things we’ve uncovered about the security of this award-winning FX trading platform.
Spreadex boasts a solid reputation globally due to its priority for the safety of your resources and personal data. The platform’s two-factor authentication (2FA) is one of the best security mechanisms on the web today. Nobody can access your account unless you’re aware of this and have authorized them.
Our team also established that Spreadex operates according to the requirements of different regulators, like the FCA in the UK, which ensures that your rights as a user are always protected. The other issue we’re happy about is the segregation of user funds from the operational capital. That prevents the possibility of losing your funds if Spreadex ever decides to shut down its operations.
Conclusion
We have incredible reasons to declare Spreadex to be an excellent broker. The platform is regulated by different authorities and has implemented various mechanisms to keep your data and accounts safe. These include technologies such as 2-factor authentication and separating user funds from the company’s operational capital.
Spreadex also leads you to a world of numerous investment assets to capitalize on diversification and minimize losses by spreading the risks. We encourage you to create a trading account on Spreadex and experience these benefits firsthand. However, we urge carefulness and gradual expansion of your portfolio since asset prices are highly volatile and can easily cause significant financial losses.
BrokerRaters Rating:
✔Licensed and regulated by FCA
✔Zero account inactivity fees
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Risk Warning
64% of retail investors lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
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Customer Support
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Commissions & Fees
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Platforms & Tools
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Educational Resources