Spreadex limited Company

Spreadex Limited Forex Broker - Complete Information Guide

1. Broker Overview

Spreadex Limited, established in 1999, is a prominent broker based in the United Kingdom. The company is privately owned and has its headquarters in St. Albans, Hertfordshire. Spreadex initially gained recognition in the sports betting sector before diversifying into the financial trading market, offering a range of services including spread betting and Contracts for Difference (CFDs).

Over the years, Spreadex has developed a substantial client base, primarily serving retail traders in the UK, with a growing number of international clients. The firm has continuously evolved its offerings, integrating advanced trading technologies and expanding its product range to include more than 10,000 tradable instruments across various asset classes.

Spreadex operates under a market maker model, providing clients with access to a wide variety of financial products, including forex, indices, commodities, and shares. The company's commitment to customer service and regulatory compliance has solidified its reputation as a reliable broker in the financial trading landscape.

2. Regulatory and Compliance Information

Spreadex Limited is regulated by the Financial Conduct Authority (FCA) in the UK, with the regulatory number 190941. This regulatory oversight ensures that the broker adheres to stringent standards for financial practices, client fund protection, and operational integrity.

The FCA regulations require Spreadex to maintain a high level of transparency and security for its clients. All client funds are held in segregated accounts, separate from the company's operational funds, providing an additional layer of security. Furthermore, Spreadex participates in the Financial Services Compensation Scheme (FSCS), which protects clients by covering losses up to £85,000 in the event of the broker's insolvency.

Spreadex follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols, ensuring that all client identities are verified and that the company complies with legal requirements to prevent fraud and financial crime.

3. Trading Products and Services

Spreadex offers an extensive range of trading products, catering to various trading strategies and preferences. The broker provides access to 69 forex pairs, including major, minor, and exotic currencies. The average spread for the EUR/USD pair is competitive, starting at 0.6 pips.

In addition to forex, Spreadex offers a diverse selection of CFD products, including:

• Indices: Access to major global indices such as the FTSE 100 and S&P 500.
• Commodities: Trading opportunities in gold, silver, oil, and agricultural products.
• Shares: Over 3,000 share CFDs from various markets, including the UK and the US.
• Cryptocurrencies: Limited access to cryptocurrency trading, primarily available for professional clients.
• ETFs: A selection of over 200 ETFs available for trading.

Spreadex is known for its focus on retail trading, providing a straightforward trading environment without the complexities often associated with institutional trading services. The broker does not currently offer white label solutions or asset management services.

4. Trading Platforms and Technology

Spreadex provides a proprietary trading platform that is designed for both web and mobile access. The platform is user-friendly, with advanced charting tools and technical indicators to support traders in their decision-making processes. However, it does not support popular platforms like MetaTrader 4 (MT4) or MetaTrader 5 (MT5).

The web-based platform allows traders to execute spread bets and CFDs efficiently, with features such as:

• Customizable Interface: Users can tailor their trading environment to suit their preferences.
• Integration with TradingView: This allows for enhanced charting capabilities and access to a broader range of technical analysis tools.
• Mobile Trading App: Available for both iOS and Android devices, the app supports real-time trading, portfolio management, and market analysis on the go.

Spreadex employs a market maker execution model, ensuring fast and reliable order execution. The company's servers are located in the UK, providing a stable trading environment with low latency.

5. Account Types and Trading Conditions

Spreadex offers a single account type for retail traders, which is a commission-free account with competitive trading conditions. Key features of the account include:

• Minimum Deposit: There is no minimum deposit requirement, allowing traders to start with any amount.
• Spreads: Average spreads for major currency pairs start at 0.6 pips.
• Leverage: The maximum leverage offered is 1:30 for retail clients, in accordance with FCA regulations.
• Minimum Trade Size: Traders can execute trades starting from 0.01 lots.
• Overnight Fees: Spreadex charges overnight fees for positions held beyond the trading day.

Currently, Spreadex does not offer demo accounts, which may limit accessibility for beginners looking to practice trading without financial risk. Additionally, there are no Islamic accounts available for traders seeking swap-free options.

6. Fund Management

Spreadex supports various deposit methods, including:

• Bank Transfers
• Credit/Debit Cards: Visa and Mastercard are accepted, with a fee of £1 for deposits under £50.
• Cheques: Can be deposited but must be issued from an account in the trader's name.

There is no minimum deposit requirement, allowing traders to fund their accounts flexibly. Deposits are generally processed quickly, with card deposits being instant and bank transfers taking up to two working days.

Withdrawal methods include:

• Bank Transfers: Withdrawals are processed within 2-5 working days.
• Card Withdrawals: Funds can be returned to the original card used for deposits, with a maximum withdrawal limit of £25,000 per transaction.

Spreadex does not charge withdrawal fees for most methods, which enhances its appeal as a cost-effective trading platform.

7. Customer Support and Educational Resources

Spreadex provides multiple channels for customer support, including:

• Phone Support: Available from 8 AM to 5:30 PM UK time.
• Email Support: Clients can reach out via email for inquiries.
• Live Chat: Instant support is available through the website.

While the support is generally responsive, it is not available 24/7, which may be a limitation for some traders.

In terms of educational resources, Spreadex offers:

• Video Tutorials: Covering essential trading concepts and platform navigation.
• Financial Trading Blog: Regular updates and insights into market trends.
• Economic Calendar: Keeping traders informed of important market events.

However, the educational offerings are somewhat limited compared to other brokers, as there are no live webinars or extensive training materials available.

8. Regional Coverage and Restrictions

Spreadex primarily serves clients in the United Kingdom and the European Economic Area (EEA). The broker has established a significant presence in the UK market, but its services are restricted in several regions due to regulatory limitations.

Countries where Spreadex does not accept clients include:

• United States
• Canada
• Australia
• Japan
• North Korea

Traders from these regions should seek alternative brokers that comply with local regulations and offer similar trading services.

In summary, Spreadex Limited is a well-regulated broker with a strong presence in the spread betting and CFD trading markets. Its competitive trading conditions, combined with a user-friendly platform and solid customer support, make it a viable option for traders, especially those based in the UK. However, potential clients should consider the limitations regarding account types and educational resources when evaluating whether Spreadex is the right broker for their trading needs.