Spreadex: The Casino Site That Offers More Rewards Than Any Other – Spreadex is a UK CFD and Forex broker. Spreadex has low-cost foreign exchange and non-traded funds. It has a shopping platform that includes search and ordering of the most used products. Customer support is fast and helpful on all systems. On the other hand, Spreadex stocks are limited to forex and CFDs only, they do not have popular classes like real stocks. There is no online shopping platform. Finally, research resources are limited and the educational sector is very poor. gave Spreadex a rating of 4.4/5 based on 500+ reviews and account opening trials.
You cannot open an account with Spreadex if you live in the United States. Check out some of the best options available in your country.
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Your Account: Payments are based on the spread; The price spread is 0.4 points during high trading.
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Your Account: Payments are based on the spread; The price spread is 2 pips during high trades.
Payments are made for the spread, 0.6 pips is the interest rate spread during peak hours.
We’ve seen Spreadex’s fee range be low, medium or high depending on how it compares to other reviewers.
First, let’s go over some important terms related to brokerage fees. What you need to look out for are business charges and non-business charges.
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In the sections below, you will find the best Spreadex funds for each product category. For example, when it comes to trading forex and stock indices the most important factors are spreads, commissions and exchange rates.
We also compared Spreadex’s fees with those of two similar brokers of our choice, Trade Nation and FxPro. This selection is based on objectives such as products offered, customer profile, cost structure, etc. See more about the Spreadex exchange.
We know it’s difficult to compare the fees of CFD brokers. So how do we deal with the problem of justifying and comparing their fees? We compare brokers by calculating the total cost of trading for the products we have selected.
Conventional trading means buying high positions, holding them for a week and then selling them. For that volume, we chose a $2,000 position on stock index and stock CFDs and $20,000 on forex transactions. The benefits we used were:
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All these fees include spreads, commissions and fees for all brokers. Let’s take a look at the Spreadex fee resolution.
Spreadex has low fees without trading. Unlike many of its competitors, Spreadex does not pay for free. There are no account fees, while most deposit and withdrawal options are free.
Opening a Spreadex account is simple and easy, with no minimum deposit required. However, account verification was slow, it took us 2-3 business days.
The minimum deposit required at Spreadex is $0. This is great if you want to start a business with little money.
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You can open a spread betting account and a CFD trading account at Spreadex. As a special feature, Spreadex allows you to also use your Spread Betting or CFD Trading account to bet on sports or casinos.
The Spreadex account opening process is completely digital and fair. Account verification was slow, but our account was verified within two business days.
To start the process, first enter your name, email address and country of residence; then select your account type and click ‘Create my account’. Your account will be created immediately and you can see a little about the trading platform, but you need to fill in some additional information to open your account and start trading:
Deposits and withdrawals, via bank transfer or credit/debit card, are fast and often free. However, the choice of account balance is not neutral.
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At Spreadex, you can choose from 3 base currencies: GBP, USD and EUR. This is not the most impressive option on the market.
Why is this important? For two reasons. If you fund your trading account with the same amount as your bank account or trade assets with the same amount as your trading account, you don’t have to pay a conversion fee.
The best way to save money in exchange is to open a bank account with more money in a digital bank. These often offer multi-currency bank accounts with high exchange rates, as well as free or low-cost international bank transfers. Opening an account takes a few minutes on your phone.
Spreadex does not usually charge a fee, although it reserves the right to charge £1 for credit card deposits under £50.
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You can pay by bank transfer or credit/debit card. However, you cannot use electronic wallets, which is difficult compared to some of the company’s competitors.
Spreadex discount rate is $0. This also applies to credit/debit cards, as well as UK Sterling bank transfer withdrawals (BACS). One Day Payment in Sterling (CHAPS) in the UK is £25. International bank transfers, and bank transfers in currencies other than GBP incur additional fees.
You can use the same withdrawal methods as deposits; This means that electronic wallets are not supported.
How long does it take to withdraw money from Spreadex? We tried the discount by credit card and it took 2 business days.
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The Spreadex trading platform is easy to use, with a good search function, clear reports and guaranteed calling. However, it does not have two entries and is available in English.
Spreadex is an advanced online advertising platform. It’s only available in English, and it’s less than some of the closest companies.
The Spreadex trading platform is easy to use. The forum is customizable; you can easily move tabs. However, the design is a bit outdated.
Research projects are good. You can search by simply typing the name of the site, or browse through different categories.
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A guaranteed stop means that your position will always be stopped at the same level; as opposed to a continuous stop, which can account for time differences in market volatility. Guaranteed positions will always be filled at the chosen level regardless of market volatility. There is an additional cost that is built into the trading price of the collateral. Permanent positions cannot be converted to confirmed positions when a trade is placed.
Spreadex has clear portfolio reports, although they do not include overnight payout breaks. You can find the statements by clicking on ‘My Account’, then ‘Documents’ You can also download them in pdf format.
Spreadex has a well-designed and easy-to-use mobile trading platform with a good search function, although it lacks advanced login options such as two-step or biometric authentication.
You cannot log in using biometric authentication such as Touch ID. Having this gives you access.
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The search function of this program is good. You can search by simply typing the name of the site, or browse through different categories.
You can easily set up alerts and notifications on the Spreadex trading platform, in the form of email, SMS or push notifications.
At Spreadex you can only trade forex, CFDs, and spread bets. Popular clients like real stocks, ETFs, or bonds are missing.
Spreadex is mainly a CFD and forex broker, dealing in popular classes such as real stocks, ETFs, bonds, options or futures. If you are not familiar with CFDs, check out this article.
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Disclaimer: CFDs are complex instruments and come with a high risk of losing money quickly due to acquisition. 64% of retail trading accounts lose money when trading CFDs with this broker. You should assume that you understand how CFDs work and that you can take a significant risk of losing your money.
Spreadex’s currency pairs, index CFD, ETF CFD and product CFD options are considered neutral compared to similar brokers.
On the plus side, Spreadex’s CFD offering is pretty good, with nearly 3,000 products at the time of our review.
You cannot change the leverage levels on Spreadex, which is difficult. The ability to manually adjust opportunities is a very useful feature when you want to reduce your trading risk. Always be careful with forex and CFD trading, as the leverage levels posted can be very high.
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Spreadex has a good analysis of the market on its website, but unfortunately this does not make up for the lack of business ideas, few basic readings, and a 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 provides the necessary data, which can be found in the financial calendar. However, this aspect is very limited, because the historical data is not available for all signs, and even when it is, it only shows the real characteristics of the past but not expected at the time.
It would also be good to have influence in groups and the ability to explain certain types of events.
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Spreadex has great writing tools. The tools of some editors are not very clear; Among other things, you can’t change the length of the edit line, and you can change the index parameters when adding.
You can use 58 skill marks, which are moderate. Charts show historical returns up to
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