SpreadEx is a UK-based online broker that focuses on derivatives trading such as spread betting and CFDs on a range of financial instruments including shares, forex, and cryptocurrencies. The broker also provides sports betting and casino games, which we will not cover in this review.
- One of the top spread betting brokers in the world.
- Provides sports betting and casino games in addition to trading
- Won multiple awards for their trading platform
- Was named one of the UK’s 100 most profitable companies three years in a row
- A bit too basic for more advanced day traders
- Works better through the trading apps than the web platform, effectively excluding many traders
The broker was first introduced in 1999 to make spread betting more accessible to the public, mainly through the rise of the Internet. Today, it belongs to the top-tier of online brokers in the United Kingdom and they continuously break new ground in the industry.
Who Are SpreadEx?
As mentioned, SpreadEx was first introduced in 1999 and has been headquartered in St Albans, Hertfordshire, the UK since its early beginnings. It offers a wide range of trading opportunities for its clients, mostly through spread betting and Contracts for Difference (CFDs). This means that you can speculate on many of the world’s most exciting markets using user-friendly derivatives.
In 2006, SpreadEx launched a platform for sports betting and in 2011 they purchased the customer base from IG Group’s betting platform, further establishing it as a leader in betting online. In 2011 SpreadEx also introduced online casino games and slots to its platform.
Since we’re not iGaming experts, our testing and review process has focused on the online trading part of the broker’s offerings. And SpreadEx excels at all things online trading, something that’s been confirmed by the number of awards that the broker has received over the years.
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Our Opinion About SpreadEx
After having performed several comprehensive tests on the SpreadEx platform, we can confirm that it’s a great broker that provides exciting opportunities for all traders. They have a broad selection of assets that can be traded through the web or through apps designed for iOS (iPad & iPhones) as well as Android.
We also appreciate the varied selection of markets that’s available on the platform, ranging from shares, forex, and ETFs to options, cryptocurrencies as well as bonds and interest rates.
Execution is extremely fast, which is a necessity for spread betting brokers. Also, the fees are quite reasonable with several popular payment options to choose from.
All things considered, SpreadEx is an excellent broker for beginners and retail traders. However, the broker can be a bit too limiting for more advanced day traders that instead should opt for a more sophisticated broker.