Pros & cons of SpreadEX broker

SpreadEX Fact sheet

SpreadEX is regulated by the UK’s Financial Conduct Authority and offers several other security measures to its clients. The broker has negative balance protection in place which prevents traders from going into debt because of the leveraged trading. Since the leverage is 1:30, the chance of this happening is very low. SpreadEX uses segregated accounts for client funds and the broker is part of the investor compensation fund in case it becomes insolvent. 

There are two account types available, one for spread betting and another for CFD trading. Both offer very similar terms and the difference is only in how the regulator sees them. Spread betting is for avoiding trading taxes on profits while trading is charged. Spreads are low, starting from 0.6 pips and no additional fees are required which makes SpreadEX one of the best spread betting brokers out there. With initial capital not limited and leverage of up to 1:30 it is possible to start trading with a moderate amount. 

Pros & cons of SpreadEX account types

Comparing SpreadEX fees with other brokers

SpreadEX fees compared to Interactive Brokers’ fees

*Inactivity fee was eliminated by IB in 2021, it used to be $20/m

SpreadEX fees compared to CM Trading fees

SpreadEX fees compared to plus500 fees

SpreadEX fees compared to XM fees

SpreadEX fees compared to AvaTrade fees

SpreadEX fees compared to Capital.com fees

The main trading platform SpreadEX provides is the advanced TradingView charting and trading platform. TradingView is a cutting-edge trading platform with advanced technical tools and indicators. The broker offers social trading for which TradingView is the best platform as it incorporates the features of sharing ideas and custom indicators. Furthermore, the broker offers apps for all mobile devices and TradingView can also be installed on both Android and iOS. 

Educational materials offered are excellent and abundant, as video tutorials, articles, and news are provided to support beginners in gaining the basic knowledge of financial markets and setting up trading strategies. There are also numerous spread bettings strategies offered. In addition to educational materials, webinars, and trading courses there are numerous market research tools provided for free. An economic calendar, weekly market analysis, daily analysis, chart patterns, and other important aspects of trading are all available. 

All important types of support are offered by SpreadEX including phone number, email, online form for sending a message, and live chat. Live chat personnel are very polite, responsive, and knowledgeable, and answer all questions with checked answers. Additionally, SpreadEX is available on all popular social media platforms and is not shy to advertise itself as a reliable derivatives provider with a vast number of trading instruments and excellent support. 

In conclusion, SpreadEX is a regulated Forex and CFD broker that offers spread betting and sports betting to its UK-based clients. The broker provides competitive spreads starting from 0.6 pips on major pairs and offers a wide range of trading instruments across different asset classes. SpreadEX follows strict regulations and offers security measures such as negative balance protection and segregated accounts for client funds. The broker offers two account types for spread betting and CFD trading with low minimum deposits, and traders can use a demo account. There are no commissions charged for trading Forex pairs, and fees on deposits, withdrawals, and inactivity are all zero. Compared to other popular brokers, SpreadEX has some of the lowest spreads, making it an attractive option for traders. With its excellent support and abundant educational material SpreadEX seems the broker you don’t want to miss. The trading platform is TradingView which is one of the best charting and trading platforms on the market right now.