Spreadex: The Casino Site With The Best Jackpots And Bonuses In India

Spreadex: The Casino Site With The Best Jackpots And Bonuses In India – Spreadex is a UK based CFD and Forex broker. Spreadex has low forex fees and low non-trading fees. It offers a user-friendly web trading platform that covers the most commonly used search and order functions. Customer support through all channels is fast and helpful. On the other hand, Spreadex’s product portfolio is limited to Forex and CFDs, without popular asset classes like real stocks. There is no trading platform for computers. Finally, research tools are limited and the education sector is very weak. 500+ rated Spreadex 4.4/5 based on tests analyzing criteria and opening a live account.

If you live in the US, you cannot open an account with Spreadex. See the best options available in your country.

Spreadex: The Casino Site With The Best Jackpots And Bonuses In India

Personal account: charges are built into the spread. The maximum trading time difference cost is 0.4 units.

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Personal account: charges are built into the spread. Spread costs 2 units during peak hours.

Commissions are built into the spread, 0.6 pips is the average spread cost during peak trading hours.

We ranked Spreadex’s commission levels as low, medium or high based on comparison with all brokers reviewed.

First, let’s look at some basic terms related to broker fees. You need to track trading commissions and non-trading commissions.

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In the section below, you will find the most relevant Spreadex commissions for each asset class. For example, the most important fees in forex and stock market trading are spreads, commissions and finance rates.

We also compared Spreadex’s fees with two similar brokers we selected, Trade Nation and FxPro. This selection is based on objective factors such as products offered, customer profile, fee structure, etc. See more details about Spreadex options.

We know it is difficult to compare trading fees for CFD brokers. So how did we tackle the problem of making their fees clear and comparable? We compare brokers by calculating all fees for a typical trade for selected products.

A typical trade involves buying a leveraged position, holding it for a week, and then selling it. For volume, we chose positions of $2,000 for stock indices and shares CFDs and $20,000 for forex trading. The leverage we used is:

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These catch-all reporting fees include spreads, commissions and financing costs for all brokers. Let’s see the spreadex charge verdict.

Spreadex has low non-trading fees. Unlike many of its competitors, Spreadex does not charge inactivity fees. There are no account fees, although most deposit and withdrawal options are also free.

Opening an account with Spreadex is simple and straightforward and there is no minimum deposit However, account verification was a bit slow and took us 2-3 business days.

The spreadex minimum required deposit is $0. This is great if you want to start trading with small amounts.

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You can open a spread betting account and a CFD trading account at Spreadex. In a unique feature, Spreadex allows you to bet on sports or casino games using your spread betting or CFD trading account.

The Spreadex account opening process is completely digital and quite simple. Although the account verification was a bit slow as our account was verified only after 2 working days.

To start the process, first fill in your name, email and country of residence. Next, select an account type and click Create Account. Your account will be created immediately and you can get a taste of the trading platform, but you need to fill in additional information before you can activate your account and start trading:

Deposits and withdrawals via bank transfer or credit/debit card are fast and mostly free. However, the account currency selection is rather mediocre.

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At Spreadex, you can choose from 3 main currencies: GBP, USD and EUR. Not the most impressive option on the market.

Why does this matter? for two reasons. If you pay into your trading account in the same currency as your bank account, or if you trade assets in the same currency as the base currency of your trading account, you do not need to pay a conversion fee.

A convenient way to save on currency conversion fees is to open a multi-currency bank account at a digital bank. They usually offer great exchange rates in different currencies, as well as bank accounts with free or cheap international bank transfers Opening an account only takes a few minutes on your phone.

Spreadex does not charge a deposit fee in most cases, although it reserves the right to charge £1 for debit card deposits of less than £50.

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You can deposit money via bank transfer or credit/debit card. However, you can’t use e-wallets, which is a disadvantage compared to some of the company’s competitors.

The default Spreadex withdrawal fee is $0. This applies to credit/debit card withdrawals as well as UK domestic bank transfer (BACS) withdrawals in sterling. Same day payments in sterling (CHAPS) in the UK cost £25. International bank transfers and bank transfers in currencies other than GBP are subject to additional charges.

You can use the same option for withdrawal as for deposit. This means that e-wallets are not supported.

How long does it take to withdraw money from Spreadex? We tested debit card withdrawals and they took 2 business days.

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The Spreadex trading platform is user-friendly, with a good search function, clear reports and guaranteed stop orders. However, it lacks two-step login and is only available in English.

Spreadex has its own internal online trading platform. It’s only available in English, a disadvantage compared to some of the company’s closest competitors.

Spreadex online trading platform is user friendly. The platform is customizable. You can easily move tabs. But the design is a bit outdated.

The search function of the platform is good. You can search by starting to type a resource name or by browsing through the various categories.

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A guaranteed stop means that your position will always be closed at that level. Unlike regular stops, which can be vulnerable to gaps during periods of high market volatility. Guaranteed stops will always be filled at the selected level regardless of market drift. Guaranteed stops include additional costs in the transaction price. Regular stops cannot be changed to guaranteed stops after negotiation.

Spreadex has clear portfolio reports, although they do not include a breakdown of overnight commissions. You can find reports by clicking ‘My Account’ and then ‘Status’. You can also download them in PDF format.

Spreadex has a well-designed and user-friendly mobile trading platform with a good search function, although it lacks advanced login options such as two-step authentication or biometric authentication.

You cannot log in using biometric authentication such as Touch/Face ID. Having this feature will provide a more convenient login experience.

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The app’s search function is good. You can search by starting to type a resource name or by browsing through the various categories.

You can easily set alerts and notifications in the form of email, SMS or push notifications on the Spreadex mobile trading platform.

At Spreadex you can only trade Forex, CFDs and Spread Betting. Popular asset classes like real stocks, ETFs or bonds are missing.

Spreadex is primarily a CFD and Forex broker, explaining the lack of other popular asset classes such as real stocks, ETFs, bonds, options or futures. If you are not familiar with CFD, check out this article.

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Disclaimer: CFDs are complex instruments and carry a high risk of losing money quickly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can take a high risk of losing your money.

Spreadex’s selection of currency pairs, index CFDs, ETF CFDs and commodity CFDs are considered average compared to similar brokers.

Also, Spreadex’s stock CFD offering is quite good, with around 3,000 assets at the time of our review.

You cannot change the leverage level in spreadex which is a disadvantage. The ability to manually change leverage is a very useful feature when you want to reduce the risk of your trades. Always be careful when trading Forex and CFDs as the pre-set leverage levels can be very high.

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Spreadex has good market analysis on their blog, but unfortunately it doesn’t make up for the lack of trading ideas, limited fundamentals and poor selection of analytical tools.

You can find all the research tools on the Spreadex trading platform and on its website under the “Analysis” tab.

Spreadex offers some basic data, accessible through a financial calendar. However, this feature is quite limited as historical data is not available for all indices and even where it is, it only shows the actual past values ​​but not the expected values ​​at that time.

It would also be great to have the ability to categorize effects and filter for specific types of events.

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Spreadex has a decent charting tool. Some editing tools are not so intuitive. Among other things, you cannot change the length of a trendline, and you can only change the settings of an indicator after you have added it.

You can use 58 technical indicators, which are somewhat average. Charts display returns as historical data