Spreadex: The Place To Be For The Best Casino Experience In India – After logging into your account, select the market you want to place a trade using the left menu or the search option.
Remember, you can create custom watch lists of your favorite markets to speed up this process for future visits.
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Press the “Trade” button next to the market you want to trade. Alternatively, click the “Chart” icon to view the market chart, the “binoculars” icon to add the market to your watchlist, or the “Order” button to place an opening order.
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On the trading ticket, write down your shares per point. The margin required to place the trade will be displayed at the bottom of the ticket. You can also add a stop or limit order and guarantee a stop if you want.
There is also an option to force open a position, which allows you to open a buy and sell trade in the same market.
Spread bets allow you to short (sell) the market, taking advantage of falling and rising markets. Click “buy” or “sell” to choose the direction of your trade.
Once accepted, you’ll see a trade confirmation ticket listing the level at which you bought or sold, the size of your stake, and any stop or limit orders you’ve placed. There is also a dealer ID for your reference. Press “OK” to close this screen.
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View your position by clicking “Open Positions” at the bottom of the left menu. Your trade will be closed either at expiration if your stop or limit order is reached or if you close it via the “Close” button. You can also edit your trade via the “Edit” button.
The information on this website is not directed to the general public of any particular country. It is not intended for distribution to residents of any country where such distribution or use would violate any law or regulatory requirement. Spreadex is a UK CFD and Forex broker. Spreadex has low forex fees and low non-trading fees. It provides a user-friendly trading platform that covers the most commonly used search and order functions. Customer support is fast and helpful across all channels. On the other hand, Spreadex’s product portfolio is limited to forex and CFDs, which lack popular asset classes such as real stocks. There is no desktop trading platform. Finally, the search tools are limited and the education section is very weak. gave Spreadex a score of 4.4/5 based on analysis of 500+ criteria and testing through live account opening.
You cannot open a Spreadex account if you live in the United States. See the best alternative available in your country.
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Individual account: fees are included in the spread; the price spread is 0.4 points during peak trading hours.
Individual account: fees are included in the spread; the cost of the spread is 2 pips during peak trading hours.
Fees are included in the spread.
We’ve ranked Spreadex’s fee levels as low, medium or high based on how they compare to those of all brokers reviewed.
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First, let’s review some basic terms related to brokerage fees. What you need to watch out for are trading fees and non-trading fees.
In the sections below, you will find the most relevant Spreadex fees for each asset class. For example, in the case of Forex and stock index trading, the most important fees are spreads, commissions and financing rates.
We also compared Spreadex’s fees with those of 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 a more detailed overview of Spreadex alternatives.
We know it is difficult to compare trading fees for CFD brokers. So how did we approach the problem of making their fees clear and comparable? We compare brokers by calculating all fees in a typical trade for selected products.
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A typical trade involves buying a leveraged position, holding it for a week, and then selling it. For volume, we chose a $2,000 position for stock index and stock CFDs and $20,000 for Forex transactions. The help we used was:
These comprehensive referral fees include spreads, commissions and finance charges for all brokers. Let’s look at Spreadex’s fee ruling.
Spreadex has low non-trading commissions. Unlike many of its competitors, Spreadex does not charge an inactivity fee. There are no account fees, and most deposit and withdrawal options are also free.
Opening an account with Spreadex is easy and simple and does not involve a minimum deposit. However, account verification was a bit slow, taking us 2-3 business days.
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Spreadex’s minimum deposit requirement is $0. This is great if you want to start trading with only smaller amounts.
You can open a Spread Betting account and a CFD Trading account on Spreadex. In a unique feature, Spreadex allows you to also use your Spread Betting or CFD Trading account to bet on sports or casino games.
The process of opening a Spreadex account is completely digital and fairly straightforward. However, the account confirmation was a bit slow, as our account was confirmed only after 2 working days.
To start the process, first fill in your name, email and country of residence; then select an account type and click “Create my account”. Your account will be created immediately and you will be able to see the trading platform, but you will need to fill in additional information to activate your account and start trading:
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Deposits and withdrawals, via bank transfer or credit/debit cards, are fast and mostly free. However, the choice of account currency is quite average.
At Spreadex, you can choose from 3 base currencies: GBP, USD and EUR. This is not the most impressive choice on the market.
Why is this important? For two reasons. If you fund your trading account in the same currency as your bank account or 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 by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with excellent exchange rates, as well as free or low-cost international bank transfers. Opening an account only takes a few minutes on your phone.
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Spreadex does not charge deposit fees in most cases, although it reserves the right to charge £1 for debit cards under £50.
You can deposit funds via bank transfer or credit/debit cards. However, you cannot use electronic wallets, which is a disadvantage compared to some of the company’s competitors.
Spreadex’s standard withdrawal fee is $0. This applies to credit/debit cards as well as UK Domestic Bank Transfer (BACS) withdrawals. Same day payment in sterling (CHAPS) in the UK costs £25. International bank transfers and bank transfers in currencies other than GBP will be subject to additional charges.
You can use the same withdrawal options as for deposit; means e-wallets are not supported.
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How long does it take to withdraw money from Spreadex? We tested the debit card withdrawal and it took 2 business days.
The Spreadex trading platform is user-friendly, with a good search function, clear reports and guaranteed stop orders. However, there is no two-step login and it is only available in English.
Spreadex has its own developed online trading platform. It’s only available in English, which is a disadvantage compared to some of the company’s closest competitors.
The Spreadex online trading platform is user friendly. The platform is customizable; you can easily move tabs. However, the design is a bit outdated.
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The search functions of the platform are good. You can search by starting to type the name of the asset or by browsing different categories.
A guaranteed stop means that your position will always be stopped at that level; unlike a regular stop, which can be susceptible to a gap during times of high market volatility. Guaranteed stops will always be filled at the chosen level, regardless of the market slide. There is an additional cost included in the trading price for guaranteed stops. Regular stops cannot be changed to guaranteed stops after a trade has been executed.
Spreadex has clear portfolio ratios, although they do not include an overnight fee breakdown. You can find the reports by clicking “My Account”, then “Reports”. 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 like two-step or biometric authentication.
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