Why pick Spreadex

Spreadex, founded in 1999 and based in St Albans, UK, delivers a dependable platform with tight spreads and fast execution. Regulated by the FCA, it offers Spreadex Trader and TradingView tools. I’ve traded Forex on it and found spreads like 0.6 pips on EUR/USD sharp and the interface smooth. With over 60 Forex pairs and 3,000+ stock CFDs, it’s a strong pick for those in Dubai or Abu Dhabi. What’s your favorite feature? Drop it in the comments!

Spreadex

Best For Forex, Spread Betting & CFDs

Recommended ForCopy Traders, Social Traders, UK Traders

Open Account

All trading involves risk ⓘ

More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

Best For Forex, Spread Betting & CFDs

Recommended ForCopy Traders, Social Traders, UK Traders

• Trader Level Intermediate+
• US Stock CFD Fee 0.03% per side
• Islamic Account No
• Account Opening Speed 24-48 hours

4,5 / 5

Overall score

See Overall Score Breakdown

• Web trading platform4.3

• Fees4.8

• Mobile App4.8

• Deposit and withdrawal 4.0

• Available assets3.5

• Account opening5.0

• Education and Research 4.2

• Support5.0

• Overall rating4.5

Visit Interactive Brokers

All trading involves risk ⓘ

More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

Overall Pros & Cons

See how the best brokers in United Arab Emirates compare to Spreadex

Here’s how Spreadex stacks up against AvaTrade and XM, popular choices in the region.

Spreadex keeps costs low with spreads baked into trades, no commissions on Forex or stock CFDs. Expect 0.6 pips on EUR/USD and a $10 inactivity fee after 6 months. Check the tables below for a clear breakdown.

We compared Spreadex fees with two comparable brokers, AvaTrade & XM. These competitors were chosen based on factors like available assets, target client base, and fee structures.

Trading Fees

Stock CFD costs that save you money

At 0.03% per side, fees beat the industry average of 0.1%, keeping trades affordable.

Index CFD fees that match the market

S&P 500 at 0.8 points aligns with the 0.5-1.0 point average, solid for index trading.

Commodity costs that appeal to gold fans

Gold at 0.3 points is below the 0.3-0.5 point average, a win for commodity traders.

Crypto fees that suit digital traders

Bitcoin at ~0.5% is above the 0.1-0.3% average but workable for crypto moves.

Non-Trading Fees

Inactivity charges to watch

$10 monthly fee after 6 months of no trades, less frequent than some rivals.

Conversion fees for non-base trades

No extra Spreadex fee; bank charges of $10-$20 may apply for non-GBP/USD/EUR trades.

Fee clarity you can trust

Spreads and fees are upfront on spreadex.com, with live updates, no hidden surprises beyond bank fees.

Spreadex operates under FCA regulation, segregating client funds and offering negative balance protection. FSCS covers up to £85,000 for eligible UK clients, though non-UK residents rarely qualify.

Who is Spreadex regulated by?

FCA (UK) oversees all operations with strict standards.

Is Spreadex a safe broker to use?

Yes, regulated by the FCA for over 20 years, Spreadex keeps client money in separate accounts and caps losses at your deposit with negative balance protection. This setup ensures reliability for traders.

Note: The FCA (UK) enforces strict financial rules and client fund segregation. Spreadex operates solely under this entity, with no additional regional subsidiaries offering distinct protections.

Is there investor protection for Spreadex?

FSCS offers £85,000 for UK clients; non-UK eligibility is limited.

Spreadex Background

Founding: Launched in 1999 in St Albans, UK, by Jonathan Hufford.

Mission: Deliver tight spreads and innovative trading tools globally.

Global Presence: Serves thousands worldwide, focused on UK and Europe.

Leadership: Jonathan Hufford, CEO, with decades in finance.

Employee Base: Over 100 staff, mainly in St Albans.

Services: Forex (60+ pairs), CFDs on stocks, indices, commodities, crypto.

Awards: Best Spread Betting Provider (Shares Awards 2022).

Sponsorships: Supports UK sports like rugby, boosting brand visibility.

Recent Developments: Added TradingView integration in 2023.

Bank transfers and cards are free with Spreadex, no extra fees. Processing is quick, though bank charges may apply.

Account base currencies

USD, GBP, EUR only, no AED.

Fees and options for deposits

Bank transfers and credit/debit card deposits carry no Spreadex fees for any region. Your bank or card provider may add charges of $10-$20 for international or non-base currency transactions (USD, GBP, EUR).

Deposit currency conversion fees

Spreadex charges no conversion fee for deposits, your bank or card issuer may apply fees of $10-$20 for non-base currencies (USD, GBP, EUR), higher than some brokers’ direct rates.

Fees and options for withdrawal

Free via bank or card, processed same-day if requested early, bank fees possible.

Online signup is fast, no minimum deposit needed.

Account opening information

What is the minimum deposit at Spreadex?

Spreadex has no minimum deposit, so you can open an account with $0. Trading a standard Forex lot (100,000 units) typically requires around $1,000 in margin with 30:1 leverage, though this varies by pair and market conditions.

Account types

• Standard: Fits most traders with spreads from 0.6 pips on EUR/USD, no commissions. Leverage up to 30:1 for Forex, suits those trading moderate volumes.
• Professional: For high-volume traders, offers increased leverage up to 200:1, requires proof of experience or 100+ trades yearly. Spreads remain at 0.6 pips, no extra fees.
• Demo: Virtual funds for practice, replicates live spreads and conditions like 0.8 points on S&P 500 CFDs, no risk to real money.

How to open an account?

1. Go to spreadex.com, click “Create Account”
2. Enter name, address, contact info
3. Submit ID (e.g., passport) and proof of address
4. Get approved in 1-2 days
5. Fund with bank transfer or card
6. Start trading

The Spreadex mobile app, available for iOS and Android, offers a clean design and strong security. It includes all trading tools from the web platform, like real-time charts and order execution, which we tested on forex pairs and found responsive.

Mobile app information

Languages

The app supports English only, with no Arabic or other language options in settings.

Look and Feel / User Interface

It features a modern, uncluttered layout with a light theme and no dark mode option. It adjusts well to all screen sizes, tested on an iPhone 13 and iPad Air.

Security & Login

Login requires two steps: a password plus a code sent via SMS or email. Biometric login with Face ID or fingerprint works on supported devices, tested on iOS 16.

Search

Search by ticker (e.g., “EURUSD” or “AAPL”) is fast, showing assets with current prices in under 2 seconds.

Placing Orders

Market, limit, and stop orders are available. One-click trading executed a GBP/USD trade in under 1 second during our test.

Products

• Forex: Over 60 pairs (e.g., EUR/USD, GBP/USD)
• Stock CFDs: Apple, Tesla, Vodafone, etc.
• Indices: S&P 500, FTSE 100, DAX, etc.
• Commodities: Gold, oil, silver, etc.
• Crypto: Bitcoin, Ethereum, Litecoin, etc.

Alerts and Notifications

Set custom price alerts (e.g., “Bitcoin at $60,000”) with push notifications or SMS delivery, tested with an instant EUR/USD alert.

The Spreadex web trading platform, accessible via modern browsers, delivers a polished experience with TradingView integration. It mirrors the mobile app’s tools, including over 35 technical indicators and real-time data, tested on indices like the S&P 500 with fast load times.

Web/desktop platform information

Languages

The platform supports English only, with no Arabic or other language options in settings.

Look and Feel / User Interface

It offers a sleek, responsive design with a light theme and no dark mode. The fixed layout adapts to screen sizes, tested on a 15-inch laptop.

Security & Login

Login uses two steps: a password and a code sent via SMS or email. Biometric login isn’t available on web, unlike mobile.

Search

Typing “Gold” or “USDJPY” loads results in under 2 seconds, with asset names, prices, and a trade button.

Placing Orders

Market, limit, and stop orders execute via charts or panels. One-click trading completed a USD/JPY order in under 1 second.

Products

• Forex: Over 60 pairs (e.g., EUR/USD, USD/JPY)
• Stock CFDs: Apple, BP, Siemens, etc.
• Indices: S&P 500, FTSE 100, Nikkei 225, etc.
• Commodities: Gold, oil, copper, etc.
• Crypto: Bitcoin, Ethereum, Ripple, etc.

Alerts and Notifications

Set price alerts (e.g., “EUR/USD at 1.10”) with email or pop-up options, triggering instantly in our test.

Portfolio and Fee Report

Real-time profit/loss updates show per asset. Fee reports export to PDF or CSV, including spreads and overnight costs.

Spreadex provides a broad range of over 10,000 tradable instruments, including 60+ Forex pairs, more than 3,000 stock CFDs, major indices, commodities, and crypto CFDs. A unique feature is its extensive UK small-cap stock CFDs, rare among brokers, which I explored and found useful for niche trading.

Assets & Products

• Over 60 Forex pairs (e.g., EUR/USD at 0.6 pips)
• Stock CFDs (e.g., Apple, Rolls-Royce)
• Indices (e.g., S&P 500, FTSE 100)
• Commodities (e.g., gold, Brent crude)
• Crypto CFDs (e.g., Bitcoin, Ripple)
• Mix of high-liquidity and niche assets

How traders can leverage crypto CFDs

With Spreadex’s 2:1 leverage on crypto CFDs, a $500 margin lets you control a $1,000 Bitcoin position. This low leverage, paired with 24/7 trading availability, suits short-term moves, unlike the 30:1 cap on Forex, offering flexibility for crypto price swings.

Spreadex provides a decent range of learning resources, including webinars on trading techniques, video tutorials for platform navigation, and daily market updates. No Arabic materials are available. Here’s what you get:

• Webinars: Cover Forex and CFD trading basics to advanced strategies, live or on-demand, English-only.
• Video Tutorials: Show how to use Spreadex Trader, 5-10 minute clips, English-only.
• Market Analysis: Daily updates on Forex pairs and indices, plus weekly summaries, no economic calendar included.
• Trading Guides: PDFs on risk management and asset types, downloadable, English-only.
• Glossary: Explains terms like “spread” or “leverage,” English-only, useful for new traders.

Support runs 24/5 via email and phone, with fast responses but no Arabic options or live chat. A basic FAQ section helps with common queries.

Support Options Available

• Email: support@spreadex.com, detailed answers.
• Phone: +44 1727 895000, direct assistance.
• FAQ Section: Covers account setup and trading basics, English-only.

Response Times and Quality of Service

• Email: Replies in 24-48 hours, thorough solutions.
• Phone: Same-day responses, often within an hour during market hours.
• Quality: Friendly, knowledgeable staff, well-reviewed by users.

UAE specific features

Spreadex provides a few features that UAE traders can use, such as FCA regulation and crypto CFDs, though it misses out on Islamic accounts and Arabic support.

• FCA Regulation: Offers peace of mind with segregated funds at top-tier banks, a standard that benefits UAE clients even without the £85,000 UK-specific protection.
• Crypto CFDs: Trade Bitcoin and others with 2:1 leverage, available 24/7 for flexible timing.
• Payments: Use bank transfers via Emirates NBD or cards with no Spreadex fees, though bank charges might apply.
• No Islamic Accounts: Swap fees apply to all positions, so it’s not Sharia-compliant.
• English-Only Platform: Lacks Arabic interface or support, which could be a hurdle for some.

Why FCA regulation matters to UAE ssers

FCA regulation ensures Spreadex follows strict rules, like keeping client money separate from company funds in trusted banks. While the £85,000 FSCS protection is UK-only, UAE traders still gain from this high standard of oversight, reducing risks compared to unregulated brokers.

Author comment

“With years of trading behind me, I find Spreadex reliable for those focused on tight spreads. A colleague in London tripled their small-cap stock gains in six weeks using its CFDs. The FCA regulation adds trust, though Arabic support would make it even better.”

FAQ

What is Spreadex?

UK-based broker since 1999, focused on Forex, CFDs, and spread betting, regulated by the FCA.

How does spread betting differ from CFD trading on Spreadex?

Spread betting lets you wager per point on price movements, tax-free in the UK, while CFDs involve buying/selling contracts with spreads like 0.6 pips on EUR/USD. Both are offered, with spread betting unique to Spreadex’s roots.

Can I trade US stocks not listed on major exchanges?

Yes, Spreadex offers CFDs on over 3,000 stocks, including smaller US firms beyond NYSE or NASDAQ, like OTC names, if liquidity allows.

What’s the smallest position I can take on a stock CFD?

Minimum is one share per trade, so for Apple at $200, you’d need $200 plus margin, adjustable based on leverage up to 5:1.

How does Spreadex handle weekend crypto trading?

Crypto CFDs like Bitcoin are available 24/7, with spreads around 0.5%, wider than weekdays but consistent with market norms.

Are there tools for automated trading on Spreadex?

No native automation exists, but TradingView integration lets you use its scripting for alerts, not direct trade execution.

How do I check my overnight financing costs?

Log into Spreadex Trader, go to “Account,” then “Positions” for daily swap rates, typically 0.013% for long Forex positions, updated live.

What happens if my account goes negative during a market gap?

Negative balance protection resets your balance to zero, no repayment needed, a safeguard under FCA rules.

Can I use Spreadex with a VPN for faster access?

Yes, VPNs are allowed, though support warns it may slow execution if servers are distant from London hubs.

Does Spreadex offer any loyalty or referral perks?

Refer a friend and get £100 credit each after their first £500 deposit, subject to trading activity, no tiered loyalty program.

How fast are withdrawals to non-UK banks?

Bank transfers to places like Emirates NBD take 1-3 days, cards process same-day if requested by 1 PM GMT, no Spreadex fees.

Everything you find on Business24-7 is based on trustworthy data and impartial analysis. We combine over 11 years of financial expertise with valuable reader feedback to provide accurate insights. Learn more about our methodology.