Spreadex Broker Overview is an FCA-regulated broker that specializes in spread betting and CFD trading across the broad spectrum of financial markets. The company offers a user-friendly proprietary trading platform and supports a range of desktop and mobile devices. Traders can choose from a wide selection of global financial markets, including major currency pairs, commodities, equities and cryptocurrencies. The broker also offers out-of-hours trading on FTSE 100 and DAX 40 index contracts. The company offers a competitive fee structure and allows traders to trade both long and short.
The company’s offering is rounded out by a variety of support options, from live chat to phone and email. In addition, the company provides free market analysis and research reports to help traders stay informed and make better trading decisions.
Spreadex Broker Overview: Everything You Need to Know
Traders can deposit and withdraw funds via most major bank transfers. However, certain deposit methods may have fees depending on your bank. Likewise, withdrawals might take a little longer than average, which can be frustrating for traders who need their profits quickly.
Spreadex does not offer a demo account, which can be a disadvantage for new traders who want to practice their skills before committing real capital. The company also does not provide support for industry standard trading platforms like MetaTrader, which can be a limitation for traders who prefer to use custom indicators and automations. Lastly, the company charges some overnight financing costs on positions held overnight, which can add up over time.