Spreadex is one of the longest-established FCA-regulated spread betting platforms in the UK, known for tight spreads, strong mobile apps, and tax-free trading.
In this Spreadex Review UK 2025, we assess fees, spreads, platform quality, safety, and who it’s really best for, based on hands-on testing and UK trader needs.
Is Spreadex good for beginners?
Yes, Spreadex can be good for beginners who want a UK-regulated spread betting and CFD platform with simple pricing and no minimum deposit. It offers a straightforward web platform, educational guides, and strong customer support, but beginners should understand that leveraged trading carries high risk and is not suitable for long-term investing.
Quick verdict: how do we rate Spreadex for UK traders in %currentyear%?
Overall rating: 4.1/5
Spreadex is a strong and reliable choice for UK traders.Its long FCA-regulated history, transparent pricing, and excellent customer service make it a dependable option for active spread betting and CFD traders. While it does not offer the most advanced platforms or learning tools, it excels where it matters most for experienced UK traders: safety, pricing, and execution reliability.
Best for: Active UK traders who want tax efficiency and dependable execution
Not ideal for: Investors, MetaTrader users, or copy traders
Full score breakdown
| Category | Score (1–5) | Reason |
|---|---|---|
| Security & Trust | 5 | FCA regulated, long operating history since 1999, strong compliance record |
| Fees & Pricing | 4.5 | Tight spreads from 0.6 pips, no commission on spread betting, no deposit fees |
| Features | 3.5 | Strong core trading tools, but no MetaTrader, copy trading, or automation |
| Ease of Use | 4 | Clean web platform and strong mobile apps, but limited customisation |
| Customer Support | 4.5 | Highly rated UK-based support, fast response times, phone access |
| Reputation | 4.5 | Award-winning broker with consistently positive UK trader reviews |
Risk warning: 65%+ of retail investor accounts lose money when trading CFDs with this provider.
Spreadex at a glance
Key features
- Spread betting and CFD trading
- Tax-free spread betting for UK traders
- 10,000+ markets including shares, indices, forex, commodities, ETFs
- Tight spreads from 0.6 pips (EUR/USD)
- Web and mobile trading apps (iOS & Android)
- Retail leverage up to 1:30
- UK payment methods including bank transfer and debit card
What are the pros and cons of Spreadex?
Pros
- FCA regulated with a long UK track record
- Tight spreads, from 0.6 pips on EUR/USD
- No minimum deposit
- Excellent mobile trading apps
- Strong customer service and execution
- Wide access to UK small-cap shares, including AIM
- Tax-free spread betting for UK residents
Cons
- No MetaTrader (MT4 or MT5) support
- Limited educational content for complete beginners
- No copy or social trading features
Who Is Spreadex ideal for?
- UK traders who want tax-free spread betting
- Active traders focused on shares, indices, and forex
- Traders who value tight pricing and execution
- Mobile-first traders who trade on the go
- Intermediate to advanced traders
Who Spreadex Is Not Ideal For
- Long-term investors looking to buy and hold assets
- Traders who rely on MetaTrader or automated trading
- Beginners who want extensive step-by-step education
- Investors seeking ISAs or non-leveraged investing
What is Spreadex?
Spreadex is a UK-based spread betting and CFD broker that allows traders to speculate on global financial markets using leverage. Founded in 1999, it is one of the most established spread betting providers in the UK and operates under strict FCA regulation.
It offers access to over 10,000 markets, including UK and global shares, indices, forex pairs, commodities, ETFs, options, and cryptocurrencies. Sports betting is also available, but it is kept separate from financial trading.
Is Spreadex regulated and safe?
Yes. Spreadex is authorised and regulated by the FCA, one of the most respected financial regulators globally. Client funds are held in segregated accounts, and the platform uses SSL encryption and secure login features across web and mobile.
Spreadex is not FSCS-protected for trading losses, and spread betting and CFDs are high-risk leveraged products. Crypto and CFD trading are not covered by FSCS protection.
What can you trade on Spreadex?
Spreadex offers a broad but focused market range:
- Shares: UK, US, and international stocks, including small caps
- Indices: FTSE 100, DAX, S&P 500, NASDAQ
- Forex: Major, minor, and selected exotic pairs
- Commodities: Gold, oil, gas, metals, softs
- ETFs: 200+ exchange-traded funds
- Options: Selected markets
- Cryptocurrencies: Available mainly to professional clients
This range makes Spreadex particularly strong for UK equity and index traders.
How do Spreadex fees and spreads work?
Spreadex uses a spread-based pricing model, meaning there are no separate commissions on most spread betting trades.
Key Trading Costs
- Forex spreads: From 0.6 pips (EUR/USD)
- Index spreads: From 0.4 points on major indices
- Share CFDs: Small percentage commission
- Overnight financing: Applies to leveraged positions
- Inactivity fee: Charged after extended inactivity
There are no deposit or withdrawal fees for standard UK payment methods.
How good is the Spreadex trading platform?
Spreadex uses a proprietary web and mobile platform built in-house. It focuses on speed, stability, and ease of use rather than feature overload.
Platform highlights
- Advanced charting with indicators and drawing tools
- Trade directly from charts
- One-click trading and advanced order types
- Price alerts and watchlists
- Guaranteed stop losses available (premium applies)
Execution is consistently fast, even during volatile markets.
What accounts are available at Spreadex?
Spreadex offers a single standard account for spread betting and CFD trading, with access to all supported markets. There is also a professional account for eligible traders who meet FCA criteria, offering higher leverage. Spreadex does not offer ISAs, SIPPs, or long-term investing accounts.
Account types explained
- Standard account: Spread betting and CFDs, retail leverage up to 1:30
- Professional account: Higher leverage, fewer regulatory protections
How are the Spreadex mobile apps?
Spreadex’s mobile apps are among its strongest features. Available on iOS and Android, they offer near-full platform functionality, including charting, alerts, and order management.
Mobile traders consistently rate the apps highly for reliability, speed, and usability, making Spreadex a strong choice for trading on the move.
How easy is it to open a Spreadex account and get started?
Opening a Spreadex account is quick and fully online, typically taking less than 10 minutes. There is no minimum deposit, so you can open an account without funding it immediately. Identity verification is required under FCA rules before trading.
Getting started steps
- Complete the online application
- Verify identity and address
- Choose spread betting or CFDs
- Fund via UK bank transfer or debit card
- Start trading
What educational tools and research does Spreadex offer?
Spreadex provides solid market analysis but limited beginner education. Traders get access to market commentary, economic calendars, chart analysis, and trading alerts, but there is no structured learning academy. It suits traders who already understand spread betting and CFDs.
Research and tools
- Daily and weekly market updates
- Economic diary and market news
- Technical chart analysis and indicators
- Trading alerts and price notifications
How do deposits and withdrawals work?
- Payment methods: UK debit card, bank transfer, direct debit
- Minimum deposit: £0
- Minimum withdrawal: £50
- Processing time: Usually same day to 3 business days
The lack of a deposit minimum gives traders flexibility to start cautiously.
How does Spreadex compare to other UK trading brokers?
Spreadex compares well on pricing, execution, and UK spread betting, but lacks advanced platforms and social trading found elsewhere. It is best viewed as a specialist spread betting broker, not a full investing platform.
Spreadex vs other UK brokers
| Feature | Spreadex | IG | eToro | Saxo |
|---|---|---|---|---|
| Regulation | FCA | FCA | FCA / CySEC | FCA |
| Trading Type | Spread betting & CFDs | Spread betting & CFDs | CFDs & investing | CFDs & investing |
| Minimum Deposit | £0 | £250 | $10 | £500+ |
| Spreads (EUR/USD) | From 0.6 pips | From 0.6 pips | Higher | Tight |
| UK Spread Betting | Yes (tax-free) | Yes | No | No |
| Platforms | Proprietary web & app | Advanced proprietary | Social trading app | SaxoTraderGO |
| Education | Basic | Excellent | Beginner-friendly | Advanced |
| Best for | Active UK traders | All-round traders | Beginners | Advanced investors |
Why choose Spreadex?
| Best For | Why |
|---|---|
| UK spread betting | Tax-free, FCA regulated |
| Small-cap shares | Strong AIM & UK coverage |
| Mobile traders | Award-winning apps |
| Low entry | No minimum deposit |
Conclusion: Is Spreadex a good trading platform in 2025?
Spreadex is one of the strongest FCA-regulated spread betting platforms for UK traders in %currentyear%, especially for mobile trading and UK shares.
It’s a strong choice for UK traders who want FCA-regulated spread betting and CFD trading with tight spreads and no minimum deposit.
It is best suited to active and intermediate traders who value tax-free spread betting, reliable execution, and solid mobile apps, rather than long-term investing or social trading features.
FAQs
Does Spreadex charge commission on trades?
No. Spreadex uses spread-based pricing, so most trades do not have a separate commission. Costs are built into the spread, with overnight financing applying to leveraged positions.
Can I trade UK shares on Spreadex?
Yes. Spreadex offers extensive UK share coverage, including small-cap and AIM-listed stocks, which is one of its key strengths compared with many competitors.
Is Spreadex better for spread betting or CFDs?
Spreadex is best known for spread betting, especially for UK traders seeking tax efficiency. CFDs are available, but spread betting is where pricing and market depth are strongest.
Can I use Spreadex on mobile only?
Yes. Spreadex’s iOS and Android apps allow full account management, charting, and trade execution without needing the web platform.
Does Spreadex offer guaranteed stop losses?
Yes. Guaranteed stop losses are available on selected markets for an additional cost, helping traders manage downside risk during volatile conditions.
Can I trade cryptocurrencies on Spreadex?
Yes, but crypto trading is limited and mainly available to professional clients. Crypto trading is high risk and not FSCS protected.
Does Spreadex support automated or copy trading?
No. Spreadex does not support copy trading, social trading, or automated strategies such as Expert Advisors.
