Spreadex Review UK 2026 (FCA Regulated)

Spreadex scores 76/100 . Figures shown are the broker's advertised spreads; our own August 2026 UK spread captures power the cost comparisons and the calculator on this page.

Spreadex suits UK traders who want to spread bet and chart in the same place. It carries both a spread-bet and a CFD account through TradingView with native execution, so the tax treatment UK spread betting gets and TradingView’s charting sit on one FCA-regulated login. It trades as Spreadex Ltd, authorised and regulated by the FCA under FRN 190941. Spreadex runs no raw-spread commission account, so a cost-led scalper chasing the tightest quote should look elsewhere.

Spreadex gets two things right for your trading: pricing parity and regulation. The same advertised FX floors apply to the spread-bet and CFD books, and bets can be placed on either from inside TradingView using SPREADEXSB-prefixed symbols. The firm is also FCA-authorised under FRN 190941 and keeps client money segregated under the FCA’s rules.

I would not call Spreadex a raw-pricing broker. FX, indices and commodities carry no commission, so the spread is the entire cost you pay on those markets. EUR/USD is advertised from 0.6 pips, with EUR/GBP from 0.9 pips. Share CFDs are the exception and carry a 0.1% commission debited separately on open and close. That is respectable for a spread-only account but it does not reach the raw accounts elsewhere in the set. There is no MT4, MT5 or cTrader on the offer either, so a trader who wants MetaTrader will not find it here. Both books measured 0.79 pips EUR/USD at the August 2026 capture, priced identically as the broker promises.

I would send you to Spreadex for UK spread betting, TradingView charting and a long-standing FCA licence. Cost-led scalpers and anyone who needs MetaTrader or a raw commission account should look elsewhere in the set. Tax treatment depends on your individual circumstances and can change.

Spreadex quick facts

The table below collects the figures you check first. I have drawn the spread figures from the broker’s own advertised rates, which apply to a live UK spread betting or CFD account.

Is Spreadex safe? FCA FRN 190941

Spreadex is authorised and regulated by the FCA under FRN 190941, held by Spreadex Ltd, whose authorisation the Financial Services Register records as effective from 2001.

Spreadex is a long-standing FCA-authorised firm, and I find its register history worth reading closely.

FCA regulation

Spreadex Ltd is authorised and regulated by the FCA under FRN 190941 (FCA register, checked 23 July 2026). The register gives its authorisation effective date as 1 December 2001. That is a separate fact from the company’s incorporation on 25 February 1999, which is what the founding year above records. It holds client money under the FCA’s CASS rules, separate from the firm’s own funds. On execution model, Spreadex quotes its own prices as the counterparty to your spread bet or CFD, which is standard for a spread-betting provider.

Source: FCA register entry, accessed 6 August 2026

One point specific to this firm: the FCA register carries four clone-firm warnings against FRN 190941, published 22 November 2018, 22 December 2023, 24 February 2026 and 25 June 2026 (FCA register, checked 6 August 2026). Two of the four were added in 2026, so treat the count as accurate at that date rather than settled. Clone warnings flag fraudsters impersonating an authorised firm to mislead the public; they are published against the genuine firm’s reference number but describe the scammers, not Spreadex’s own conduct. The practical takeaway is to confirm you are dealing with spreadex.com and FRN 190941, and to reach the firm through details on the FCA register rather than a link in an unsolicited message.

Client money, FSCS and negative balance protection

I rate the client protections: money is held in segregated accounts under the FCA’s CASS rules, and negative balance protection applies to UK retail accounts, so a position cannot leave you owing more than your balance. If the firm failed, FSCS cover runs up to £85,000 per eligible person, covering shortfalls in client money rather than trading losses. Disputes escalate to the Financial Ombudsman Service, and how FCA authorisation protects you covers the award limits.

Source: Spreadex Ltd customer agreement, accessed 2 September 2026

Public reviews

Trustpilot rates Spreadex 4.3 out of 5 from 201 reviews (Trustpilot profile, captured September 2026). That sits at the upper end of the FCA-regulated brokers we cover, where the range runs from 1.8 to 4.6, but read it with two caveats. The sample is small, a few hundred reviews against several thousand on the largest profiles here, so single reviews move it more. And the profile carries Trustpilot’s paid subscription badge, which lets the firm invite customers to review it, so it is not directly comparable with an unpaid profile.

I should clarify: this is the financial trading profile, not the Spreadex brand profile that is dominated by the sports betting business and does not describe the trading arm reviewed here. Scores also move, so you should treat the figure as an August 2026 snapshot.

Trading costs and fees

Spreadex prices through the spread on FX, indices and commodities, with no raw or commission tier, so on those markets the whole cost is the spread you trade on. Spreadex advertises EUR/USD from 0.6 pts on its spread betting and CFD books, and EUR/GBP from 0.9 pts on both books. In my view, the real draw here is the tax treatment and the platform pairing, not a tight headline spread.

Spreadex quotes its spread-betting book and its CFD book as separate products, each with its own advertised spreads. They priced identically on all three FX pairs across the capture, and Spreadex publishes matching advertised FX floors on each book: 0.6 points on EUR/USD and 0.9 on GBP/USD and EUR/GBP. On equities the two diverge, because share CFDs carry commission where share spread bets do not.

Source: Spreadex market information, accessed 6 August 2026

Currency conversion

Spreadex charges a 0.5% currency conversion fee, and it applies in one place only: where a client deposits in one currency and needs it converted to another. There is no conversion charge and no FX mark-up at trade level, at position close, or on the daily financing of a non-GBP position, and no conversion charge on withdrawal unless the client withdraws in a currency other than the one the balance is held in (Spreadex, confirmed in writing to us, 26 August 2026).

That is worth separating from currency risk, because the two are often run together. A client trading a non-GBP asset from a GBP account remains fully exposed to the underlying exchange rate, and that exposure can move a result either way. What Spreadex confirms is that it adds no mark-up of its own to that rate. Two brokers we cover do charge at trade level, so this is a genuine point of difference, though we hold no structured field recording conversion charging across the set and so make no claim about where Spreadex sits in the field as a whole.

Spread betting and the tax treatment

UK clients can trade Spreadex as spread bets or as CFDs. HMRC does not normally treat placing a spread bet as trading, so profits are not taxed and losses attract no relief (BIM22015). Winnings from betting also sit outside chargeable gains under TCGA92/S51(1) (CG11700), and no stamp duty or SDRT applies because no shares change hands. The exception is narrow and is not about how much you trade: it applies where the bet arises from a trade you already carry on, such as a business hedging with a spread bet (BIM22020). CFDs sit within Capital Gains Tax unless profits are taxable as trading income (CG56100), and carry no stamp duty or SDRT (STSM118040). This is general information, not tax advice, and none of it removes market risk: leveraged bets can lose money quickly. Spreadex places spread bets from a TradingView chart using its SPREADEXSB-prefixed symbols.

Other costs to check

Advertised spreads are floors only and may not reflect typical trading costs. Confirm the live spread in the platform before you trade. I would also check overnight financing on any position held open, which applies on top of the spread.

Guaranteed stops carry a defined scope rather than blanket availability. Spreadex confirms them on all equities above $1 trillion market capitalisation and all FTSE 100 constituents, on the most popular indices and commodities, and on major FX pairs and bonds; the rest of the market list does not carry them (Spreadex, confirmed in writing to us, 26 August 2026). On charging, the additional spread is stated when you view the guaranteed stop, and on selecting it the extra spread is added to the headline price, so the charge is visible before you commit to the order.

Account types and minimum deposit

A spread-bet account and a CFD account cover the UK offer, and both reach the same markets.

Account options for UK clients

The spread-bet and CFD accounts differ on tax treatment rather than on the market list, and they open as separate account types under one login. There is no raw or commission tier, though share CFDs carry a 0.1% commission where share spread bets do not. Which one suits you depends on your own tax position, which can change, so take your own advice before choosing.

The accounts hold separate balances but are cross-margined, which we had previously recorded as unresolved. Funds sit against whichever account they were deposited to and each account can be viewed on its own, but margin is calculated across all linked accounts under one login: total equity across the accounts is what determines available margin, trade capacity and the margin close-out point (Spreadex, confirmed in writing to us, 26 August 2026). For a client running both books that cuts both ways. Equity in the spread-bet account can support a CFD position rather than sitting idle, and a loss on one side reduces the margin available to the other, so the close-out test reads the pair together rather than each account alone.

Professional client terms

Spreadex applies the standard FCA elective-professional test, under which a client must satisfy at least two of three criteria. The first is transactions in significant size on the relevant market at an average of ten per quarter over the previous four quarters, with significant size defined as a notional value of £10,000 or greater for individual equities and £40,000 or greater for all other markets. The second is a financial instrument portfolio, counting cash deposits and financial instruments, above EUR 500,000. The third is at least one year worked in the financial sector in a professional position requiring knowledge of the transactions or services envisaged (Spreadex, confirmed in writing to us, 26 August 2026). Electing up removes negative balance protection and the retail leverage caps, so it is not a step to take for leverage alone.

Minimum deposit

Spreadex applies a flat £5 minimum deposit across funding methods rather than tiering it by payment type, and there is no separate account-opening minimum, no joining fee, no account maintenance charge and no inactivity fee. Confirm the current funding methods and any per-transaction minimums on the broker’s site before you deposit.

Source: Spreadex.com deposits and withdrawals, accessed 6 August 2026

Trading platforms

Spreadex runs its own web platform and mobile app alongside a native TradingView connection. There is no MT4, MT5 or cTrader on the UK offer.

TradingView

Spreadex connects natively to TradingView: you place, modify and close trades from the chart while Spreadex routes the order and holds your money. CFD and FX trading from TradingView charts has been live since January 2023, and spread betting was added in May 2024 through SPREADEXSB-prefixed symbols. I rate the integration: Spreadex’s own platform page directs traders to open its broker profile on TradingView and trade from there. It sits on our TradingView brokers page on that basis, with both books reachable from the chart rather than the CFD book alone.

Spreadex platform and app

The proprietary Spreadex platform and mobile app carry the firm’s own charting, watchlists and order tickets across financial spread betting and CFDs. I would call them the default route for traders who do not want to run TradingView alongside.

Spreadex confirms the iOS, Android and web platforms are purpose-built for each channel rather than one build wrapped three ways, and that all three carry the same core features and reach the same markets (Spreadex, confirmed in writing to us, 26 August 2026). For a phone-first trader that matters more than it sounds: the common failure across this field is an app that reaches a shorter market list than the desktop platform, and Spreadex confirms that is not the case here.

Funding and withdrawals

Spreadex accepts Pay by Bank, debit card, credit card, Apple Pay, Google Pay, bank transfer and cheque, with the same £5 minimum across every method rather than a per-method tier. Standard deposits and withdrawals are free. Accounts can be held in GBP, EUR or USD (Spreadex, confirmed in writing to us, 26 August 2026).

That is a strong funding profile by the standards of the field we cover. The table shows a £5 minimum deposit across every listed method. Free standard withdrawals are not universal, and instant bank and wallet withdrawals are unusual enough to be worth checking against whoever you are comparing. These figures are the broker’s own confirmation to us rather than transactions we have timed, so I would still confirm current methods and processing times on the funding pages before relying on them. Fund only from an account in your own name, and keep records of deposits and withdrawals.

How Spreadex compares to alternatives

Pepperstone runs the raw commission account Spreadex lacks, with native TradingView on a raw spread, and FxPro pairs TradingView with cTrader and MetaTrader for traders who want more platform choice. Both also carry UK spread betting, so the choice against Spreadex comes down to pricing structure rather than product access. The reviews index ranks the wider UK field, and every FCA broker we rate sits in one place.

Should you open an account with Spreadex?

Yes, I would recommend Spreadex for UK traders who want to spread bet from TradingView charts on an FCA-authorised account. Spreadex trades as Spreadex Ltd under FCA authorisation FRN 190941, with a £5 minimum deposit, a native TradingView connection and a spread-bet account whose profits HMRC does not normally tax. Tax treatment depends on your individual circumstances and can change.

The account mechanics reward a trader running both books. Balances are separate but cross-margined, so equity works across the pair rather than sitting stranded on one side, funding is free at a £5 floor with instant bank and wallet withdrawals, and there is no conversion mark-up at trade level on a non-GBP position. Those are the points that moved our score this August, on the broker’s own written confirmation.

Not for raw-spread cost hunters, and not for traders who need MetaTrader or cTrader. There is no commission-based raw account, and the 0.6-pip EUR/USD that Spreadex advertises, while sound for spread-only pricing, sits well behind the raw accounts elsewhere in the set. Confirm you are dealing with spreadex.com and FRN 190941 before you fund. There is no demo account, so there is no way to trial the platform without funding one. If it fits how you trade, open a Spreadex account (affiliate link, see our advertiser disclosure).

For comparison, Admirals provides MT4, MT5 and a proprietary platform, FXCM review details a London-headquartered FCA firm, and HFM is FCA-authorised with segregated client money and FSCS cover.

Customer service

Spreadex runs UK support by phone, email and live chat, with account and platform help on its online help pages. The financial trading desk takes calls on freephone 08000 526 570, or +44 (0)1727 895 151 from a landline or overseas, and head office is +44 (0)1727 895 000 (Spreadex, confirmed in writing to us, 26 August 2026).

The two desks keep different hours, which is worth knowing before you need one. The trading desk runs 24 hours Monday to Thursday, closes at 22:00 on Friday, is shut on Saturday and reopens 21:00 to 00:00 on Sunday. General customer service runs 08:00 to 17:30, seven days a week. A freephone number on the trading desk is not something every broker in this set offers. I should be clear: we describe support here from the broker’s own confirmation and published information, not from timed response tests on the UK desk.

Education and research

Spreadex runs a free Education Hub covering trading basics through to strategy, with introductions to each asset class, spread betting against CFD guides, platform how-tos, risk management, technical and chart analysis, and a glossary aimed at newer traders. Alongside it sits News and Analysis, carrying a trading blog, daily market updates, an economic diary and weekly technical round-ups. Given there is no demo account here, I would treat the education material as the main way to get familiar with the product before funding, which is a weaker substitute than a demo but better than nothing.

Product range

Spreadex covers forex, indices, shares, ETFs, commodities, bonds and options as spread bets and CFDs for UK clients. For depth on a single asset class, I would start at the CFD broker comparison.

Spreadex supplied us with a per asset class breakdown in August 2026, which lets us publish a range figure on a stated basis rather than a headline number whose basis is unknown. Counting each underlying once, Spreadex offers 4,328 instruments to UK retail clients, across 20,362 tradeable contracts (Spreadex, confirmed in writing to us, 26 August 2026). The two columns answer different questions: an underlying is the market itself, such as Barclays or the FTSE 100, while a contract counts every separate instrument written on it. We rank on the underlying count because that is the figure comparable across brokers.

Two notes on that total. Spreadex also lists 10 cryptocurrency markets, which are excluded from every figure above because they are not available to UK retail clients and are offered to professional clients only; including them would give 4,338 and 20,372. And the options contract count runs to strikes and expiries rather than distinct markets, so it is not comparable with another broker’s market range figure and should not be read as one.

This figure supersedes the “over 10,000 markets” we previously published from Spreadex’s own site. Spreadex’s managing director told us that neither of the counts above reconciles with that published figure and that the firm needs to review it, so we no longer cite it.

The FCA banned the sale of crypto derivatives to UK retail consumers from 6 January 2021, so no crypto product appears in the markets or leverage lists above. Spreadex is also known for sports spread betting, which sits outside this financial-trading review and outside FCA investment regulation.

Leverage for UK traders

I would note that retail leverage at Spreadex follows the FCA’s standardised caps, not anything the broker sets, and applies to both your spread-bet and CFD accounts. No FCA broker exceeds these caps; what the caps allow explains the margin that follows from them.