Spreadex Review: A Complete Offer of Spreadex Company
If you are reading this article you are definitely into making money, one way or another. This company allows you to do that in multiple ways.
Besides Spreadex sports betting, you can enjoy their trading platform as well. But let’s see the full offer of this UK-Based broker in our detailed Spreadex review.
Spreadex | General information |
Name: | Spreadex Ltd |
Regulation status: | Regulated |
Warnings from Financial Regulators: | No official warnings |
Website link: | spreadex.com/financials |
Active since: | 1999 |
Registered in: | UK |
Contact info: | 08000 526 570, +44 1727 895 151, [email protected] |
Trading platforms: | Proprietary app |
Majority of clients are from: | UK, Ireland, India, Denmark, Spain |
Customer support: | Yes – live chat |
Compensation fund: | Yes – up to 85,000 GBP per account |
Who Is Spreadex Broker?
The official brand owner is Spreadex Limited. With headquarters in the UK, Spreadex sports betting became very popular in the country.
By completing the Spreadex sports login procedure you are entering a magical world of different sport betting options. Because it’s considered gambling it might be restricted in some countries.
Regulation info
To make sure that this broker is doing the business legitimately, we are checking their regulation first. By looking in the FCA register, we could find information about their licenses. So, you can sleep tight.
Their activities are mainly spread in countries like:
- United Kingdom
- India
- Ireland
- Denmark
- Spain
Thus, the company doesn’t have regulations from the Central Bank of Ireland or Spanish CNMV.
Spreadex Profile
Spreadex sports mobile betting is also available. As for the trading environment, you can use proprietary trading software. Unfortunately, it’s not available as a desktop app.
One of the most popular options on the Spreadex sports mobile app is Spreadex football betting. What might attract customers to join this company is Spreadex free bet.
Trading platforms: | Proprietary web-based software |
Account types: | Standard |
Financial Instruments On Offer: |
|
Maximum leverage: | 1:30 |
Minimum Deposit: | $0 |
Commissions/bonuses: | No commissions / 300 GBP Cashback |
Mobile app: | Yes |
Desktop app: | No |
Autotrading: | Not available |
Demo account: | Not available |
Education or Extra tools: | General market and trading tutorials |
Is This Broker Safe?
To sum it up, yes. Primarily because of trusted regulations that the company has, whether you are looking to get Spreadex free bet or get into the financial markets.
Most importantly, there are compensation funds for the worst-case scenarios, for example, if the company goes bankrupt. As for the trading part, traders can enjoy negative balance protection and sleep tight knowing their funds are in segregated bank accounts.
Brokers with similar features but more trading-focused offers you can find in our FXCM, NCM and Errante reviews.
Traders Reviews – Sharing Experiences
In general, user-experience reviews are quite positive. Out of 907 comments on the Trustpilot platform, there is around 85% of satisfied clients. And only 5% of users have rated this company low.
Clients were mainly complaining about the trading costs. In any case, to find yourself a reliable broker the best option is to consult with experts. Our team of experts can advise you about the necessary security, but also protection of the funds. Don’t hesitate to get in touch because it’s free of charge.
How Spreadex Platform Reach Clients and Who Are They?
Besides Spreadex free bet offer, there are many other ways how they can attract clients. Most of the time, those are intriguing marketing campaigns that develop a huge number of potential clients.
Also, the broker is active on social media which is one of the quickest lead-generating options. In a few steps, you can get anyone’s contact information and start delivering ads. To understand better how their marketing works and how to choose the right broker, get in touch with our specialized team.
Deposits and Withdrawal Methods
In general, the broker accepts different payment options. For example,
- Bank cards
- Cheque
- Wire transfer
- Online bank transfer
As the downside of investing with Spreadex broker, you have to wait for verification of your account for up to 3 days. Also, withdrawals might take up to 5 business days. Since the broker doesn’t have a minimum deposit requirement you can start with amounts below 50GBP. However, to withdraw you have to take a minimum of 50 GBP.
Spreadex Trading Software and Conditions
Even though the company provides non-conventional trading software it earned multiple awards. Spreadex betting and also Spreadex casino are the most used ones. However, with Spreadex trading software traders can use multiple advanced customization tools, charting options and indicators.
There is also a TradingView available for the ones that love advanced analytics. Yet, it lacks some of the features that Meta Trader or cTrader can provide. Such as copy and social trading, but also Expert Advisors. A huge downside is that there is no downloadable app for desktops.
Spreadex Leverage, Commissions and Fees
Due to strict regulations, the company can’t offer leverage higher than 1:30. Which is the maximum allowed with Spreadex trading company. With spreads starting from 0.6 pips they are among the competitive ones. Thus, trading fees for Stocks CFD trading are quite high.
Important to realize is that there is no inactivity fee required from the broker. So, whenever you decide to change the broker you can do it without any costs.
Reasons To Avoid This Company
A huge downside with Spreadex Limited broker is the lack of a demo account. Also, the company is mainly focused on spread and sports betting. Even though the forex fees are low, all other CFD trading fees are considerably high.
Instead, you can choose a broker with lower costs and more advanced features to maximize your profits. Not to mention the educational package which doesn’t include live sessions with the Spreadex broker.
General Summary of Spreadex Features
With long-lasting business, an attractive website, positive reviews and trusted regulation this broker might be someone’s first choice. Unfortunately, with only an FCA license they are mainly focusing on UK traders. If you are coming anywhere outside of the UK, there are more suitable brokers. Primarily ones that will cost you less.
If you want a broker with high-security standards, a good reputation and approved by your domestic regulator, feel free to contact our team. With our assistance, you will understand what trading aspects to watch for to choose the right broker. Because if you choose it right, there won’t be a need to change the broker. Book your consultation already today!
FAQ Section
What is Spreadex?
Spreadex well-known UK-based sports betting, spread-betting and trading company. With more than 20 years of existence and a trusted FCA license, they built more than 60.000 users database.
Is Spreadex safe?
To sum it up, yes. With all necessary protection, such as segregated bank accounts, compensation funds and negative balance protection you can enjoy trading environment maximally
How do I bet on Spreadex?
Once you register with Spreadex you have to verify your account. This takes up to 3 days. After funding your account you can use their proprietary platform to start betting.