Spreadex at a glance
Spreadex Limited is a UK-based financial spread betting and CFD provider founded in 1999. It offers spread betting and CFDs across thousands of markets, including forex, indices, shares, commodities, ETFs, options, bonds and cryptocurrencies. The company is authorised by the UK Financial Conduct Authority under FRN 190941. Spreadex also operates sports betting services under separate Gambling Commission regulation.
Spreadex reports a founding year of 1999 and a head office in St Albans, Hertfordshire, United Kingdom. It lists 2 regulators and 2 trading platforms.
BrokerBazaar verdict
Spreadex is an established UK financial spread betting and CFD provider with FCA authorisation under FRN 190941 and an operating history dating to 1999. Its regulatory structure is relatively straightforward for financial trading: Spreadex Limited is the principal FCA-regulated entity. The company also holds separate gambling licences for its sports and fixed-odds betting activities, which should not be confused with its FCA financial-services authorisation. Spreadex provides a broad market range, a proprietary trading platform, TradingView integration, low minimum deposit and multiple risk-management tools. Retail leverage is capped under FCA rules and eligible retail clients receive negative balance protection. The principal audit concern is the company's regulatory history outside its financial-services activities. In May 2025, the UK Gambling Commission imposed a £2.022 million financial penalty and additional licence conditions on Spreadex Limited following findings concerning anti-money-laundering controls, customer interaction and related compliance requirements. This action concerned its gambling operation rather than its FCA financial-trading authorisation.
Legal entities, regulation and licences
Spreadex operates through 4 legal entities, each supervised separately. Your account is with one specific entity, so the protections you receive depend on which one onboards you, not on the group's strongest licence. Overall, the group is supervised by no regulator we could map to a public register.
Licence check: Not independently checked. This broker has submitted its details. BrokerBazaar has not yet independently checked them. A company registration or general business licence is not permission to offer regulated brokerage services; only the register entries linked in the table count.
Countries accepted and restricted
Spreadex states that it accepts clients from United Kingdom, Ireland. Availability is decided per entity and can change without notice; residents of jurisdictions such as the USA, and often the EU and UK, are frequently excluded from offshore entities.
Trading products, platforms and account types
Instruments: Forex, Indices, Shares, Commodities, ETFs, Options, Bonds, Cryptocurrencies, Interest Rates. Platforms: Proprietary web trading platform, iOS & Android mobile apps. Account types: Spread Betting, CFD Account, Stocks & Shares ISA, Corporate Account.
Best-for tags assigned by our team: UK traders, Spread Betting, Beginners, Mobile Traders.
Minimum deposit, spreads, commissions and other charges
The minimum deposit is £5. Spreads start from From 0.6 pips and commission is None on standard · applies on raw. Maximum leverage is Up to 1:30 (by entity), subject to the cap of the entity that holds your account.
Swap-free / Islamic account: not specified. Swap type: not specified. Headline spreads are usually quoted for the most expensive account tier's cheapest instrument; compare total cost for your typical trade.
Deposits and withdrawals
Deposit methods: Bank transfer, Debit card, Credit card, PayPal. Withdrawal methods: Bank transfer, Debit card, PayPal.
Withdrawal speed and fees are set by the entity and payment provider. Withdrawal delays are the most common complaint category on BrokerBazaar across all brokers; keep identity documents current and withdraw to the same method you deposited with where required by anti-money-laundering rules.
Execution model, negative balance protection and client money
Negative balance protection: Not specified. Scalping allowed: Not specified. Algorithmic trading allowed: Not specified. News trading allowed: Not specified. Hedging: not specified.
Client-money rules follow the regulator of the entity that holds your account. Check that regulator's rules on its register.
Complaints and dispute process
Formal complaints: disputes@spreadex.com. Phone: 08000 526 570. Account queries can initially be raised with customer services by email, telephone or live chat. Unresolved matters can be formally referred to the Compliance Department at disputes@spreadex.com. Spreadex states that a full written response will be provided within eight weeks. Eligible unresolved financial complaints may subsequently be referred to the Financial Ombudsman Service.
If the broker does not resolve a complaint, escalate to the ombudsman or regulator of the entity that holds your account. BrokerBazaar's Dispute Support Desk can help you document and escalate a case.
Strengths and limitations
- Strength: Long-established UK broker with FCA oversight
- Strength: Specialist in UK spread betting and integrated sports/financial betting
- Strength: Easy-to-use proprietary platform and native mobile apps
- Strength: No commission on most retail spread/CFD trades
- Limitation: Generally wider spreads than ECN/MT4-style brokers
- Limitation: Limited advanced third-party platform support (no mainstream MT4/MT5 offering)
- Limitation: Primarily UK-focused — limited international coverage
- Limitation: Fewer institutional/pro trader features compared with large global brokers
Who this broker suits, and who it does not
Spreadex is most relevant to traders looking for: UK traders, Spread Betting, Beginners, Mobile Traders.
It is less suitable for anyone who needs a strict-tier regulator in their own country of residence, for residents of restricted jurisdictions, and for beginners who have not yet understood leverage and margin. Nothing on this page is personal financial advice.
Spreadex change history
Every published fact change, with the previous value and the date it took effect. Each entry says whether the broker made the change itself or our editors checked it against an official source. Regulation and licence claims are always checked by an editor.
No fact changes recorded for Spreadex yet. Changes appear here as soon as the broker updates its profile or our editors confirm a change.
Frequently asked questions about Spreadex
Data sources. Broker submission, the regulator registers linked above, web-archive and domain records, and third-party traffic data. No independent licence check date is recorded yet. External ratings: Trustpilot 4.5/5; WikiFX 8.14/10; BrokerChooser 4.4/5; Apple App Store 4.6/5; Google Play Store N/A/5.
Commercial disclosure. BrokerBazaar is independent and not owned by any broker. We may receive a referral fee if you open an account with Spreadex through our links; this never affects scores or verification. How we make money. Trading leveraged products carries a high risk of loss.