Privately held UK company combining financial spread betting/CFDs with sports spread betting and a fixed-odds sportsbook -- an unusual dual business model. Long-established (25+ years) but relies solely on its FCA authorisation; no ASIC, FSCA, DFSA or other Tier-1 licence was found, so its international regulatory footprint is narrower than most brokers on this list.
| Regulated entity | Spreadex Ltd |
|---|---|
| Regulation | FCA No. 190941 |
| Other Tier-1 regulators | None confirmed |
| Founded | 1999 |
| Headquarters | St Albans, Hertfordshire, UK |
| Minimum deposit | Not independently confirmed |
| Avg. spread (EUR/USD) | Not independently confirmed |
| Platforms | Proprietary (Spreadex) |
| Instruments | 10,000+ markets across shares, forex, indices, commodities, and crypto, offered via spread bets, CFDs, options and ETFs, per Spreadex's own site copy as quoted by a review source. Supporting detail from the same sources: ~50+ FX pairs, ~35 indices, 1,000+ shares, 15 commodities, 100+ ETFs, plus bonds/interest-rate futures; whether crypto is a tradeable CFD or just a spot-only market is disputed between sources. |
See Spreadex's full regulation dossier → · How to check whether a forex broker is regulated
Derived from the same confirmed data behind this broker's score (regulation, cost, platforms, deposit minimum) -- not a separate editorial judgment.
Via its FCA-regulated UK entity, eligible clients are covered by the UK's Financial Services Compensation Scheme (FSCS) up to £85,000 per person if the firm fails.
Beyond the headline spread and minimum deposit above. Where our research hasn't independently confirmed a specific detail, we say so rather than guess -- verify directly with the broker before relying on it.
| Account types | No tiered accounts in the usual FX sense -- retail clients must hold separate accounts for sports spread betting versus financial spread betting/CFDs, while professional clients can combine both in one account. No Islamic account or ECN/raw-spread tier was found; it's a single spread-inclusive pricing model. |
|---|---|
| Execution model | Market maker -- Spreadex is the sole execution venue/price for a client's spread bet, though it may hedge all or part of its exposure through various external venues per its own order execution policy. |
| Withdrawals & deposits | Methods include bank transfer, debit/credit card, Apple Pay/Google Pay, and cheque. Minimum deposit £5. Standard withdrawals are free, with 96.2% of 2025 withdrawals reportedly processed in under 30 minutes and card withdrawals within about 2 hours. |
| Overnight financing (swap) | For shares, around a 1.25% annualized rate on position value (rising to around 1.5% for smaller or less-liquid stocks); other products incur rollover charges based on position size. No Islamic/swap-free account was found -- UK spread betting's tax-free status is distinct from Sharia swap-free status, which isn't offered. |
| Currency conversion cost | Charged on instruments denominated in a currency different from the account currency, calculated as the liquidity provider's exchange rate plus a markup -- the exact percentage wasn't disclosed. |
| Inactivity fee | None -- multiple sources confirm no inactivity fee is charged. |
| Customer service | Trustpilot rates it 4.6/5 from 76 reviews, with praise for courteous, prompt service; some complaints concern the account-opening process and potential withdrawal charges. |
| Mobile experience | Reported around 4.6-4.7 on iOS (1,100+ ratings) and 4.3 on Google Play, across three separate apps (sports, financial trading, and casino). Independent commentary rates usability as better than average for a mid-sized UK operator. |
| Educational offering | Sources disagree: one describes the education offering as limited with no demo account on the web platform, while another references spread-betting strategy content and a demo-account page. |
See how Spreadex's spread cost compares across every researched broker → · Forex broker fees explained
Is Spreadex regulated?
Yes -- FCA No. 190941. See the regulation dossier on this page for the underlying licence numbers.
Is my money protected if Spreadex fails?
Via its FCA-regulated UK entity, eligible clients are covered by the UK's Financial Services Compensation Scheme (FSCS) up to £85,000 per person if the firm fails.
What is the minimum deposit at Spreadex?
Not independently confirmed in our research -- verify directly with the broker.
What trading platforms does Spreadex offer?
Spreadex offers Proprietary (Spreadex).
What is Spreadex's average spread on EUR/USD?
Not independently confirmed in our research -- verify directly with the broker.
When was Spreadex founded?
Spreadex was founded in 1999.
How is Spreadex's overall score calculated?
Spreadex currently scores 2.65/5 overall under our disclosed nine-category methodology -- regulation & client protection 30%, trading costs 20%, non-trading fees 10%, platforms & tools 10%, execution/trading conditions 10%, product range 5%, deposits/withdrawals 5%, transparency 5%, track record 5%. It is not a comparison to other brokers and not based on hands-on testing.
A dated log of when our own published data about this broker actually changed -- not a reconstructed history of what the broker itself did. See the full change log tool for every broker.
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