Spreadex Review UK 2026 (FCA Regulated)

Spreadex scores 72/100 in our testing. This review is based on a live UK account, opened at the broker's FCA-authorised entity, funded in GBP and traded. The EUR/USD, GBP/USD and EUR/GBP spread figures shown are modal values recorded on that account across three trading days in July 2026.

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 Limited, authorised and regulated by the FCA under FRN 190941. Cost-led scalpers who chase the tightest raw spread should look elsewhere.

Two strengths stand out. First, pricing parity: Spreadex publishes the same advertised FX floors on its spread-bet and its CFD book, and places bets on either from inside TradingView using its SPREADEXSB-prefixed symbols. Second, regulation: the firm holds FCA authorisation under FRN 190941 and keeps client money segregated under the FCA’s rules.

Spreadex is not a raw-pricing broker. FX, indices and commodities carry no commission, so on those markets the cost sits entirely in the spread: EUR/USD tested at a modal 0.8 pips, with GBP/USD and EUR/GBP both at 1.05. 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.

Traders who value UK spread betting, TradingView charting and a long-standing FCA licence get the most from Spreadex. Cost-led scalpers, and traders who need MetaTrader or a raw commission account, are better served elsewhere in the set. Tax treatment depends on your individual circumstances and can change.

Spreadex quick facts

The table below collects the figures a UK trader checks first. Spread figures are modal values recorded on a live UK account funded in GBP, across three trading days in July 2026.

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. On a live UK account funded in GBP in July 2026, EUR/USD tested at a modal 0.8 pips, with GBP/USD and EUR/GBP both at 1.05, recorded across three trading days; the protocol is set out in how we test. The draw is the tax treatment and the platform pairing rather than a tight headline spread.

Spreadex quotes its spread-betting book and its CFD book as separate products, so we recorded both. 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 (Spreadex market information, accessed 6 August 2026). On equities the two diverge, because share CFDs carry commission where share spread bets do not.

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

A modal is the spread you saw most often across the capture window, not a floor and not a guarantee, so confirm the live spread in the platform before trading. Check overnight financing on any position held open, which applies on top of the spread and which we did not measure.

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. 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. They are the default route for traders who do not want to run TradingView alongside.

Trust and safety

Spreadex is a long-standing FCA-authorised firm, with a register history that is worth reading closely.

FCA regulation

Spreadex Limited 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 (FCA register entry, accessed 6 August 2026). 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.

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

Client money is held in segregated accounts under the FCA’s CASS rules. 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.

Public reviews

Trustpilot rates Spreadex 4.4 out of 5 from 198 reviews (Trustpilot profile, captured August 2026). That sits at the upper end of the FCA-regulated brokers we cover, where the range runs from 2.0 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.

This is the financial trading profile rather than the Spreadex brand profile, which is dominated by the sports betting business and does not describe the trading arm reviewed here. Scores also move, so treat the figure as an August 2026 snapshot.

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.

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 (spreadex.com deposits and withdrawals, accessed 6 August 2026). Confirm the current funding methods and any per-transaction minimums on the broker’s site before you deposit.

Funding and withdrawals

We describe funding here from Spreadex’s published information rather than transactions we have timed. Confirm the current deposit and withdrawal methods, any minimums and processing times on the broker’s own funding pages before you rely on them. Fund only from an account in your own name, and keep records of deposits and withdrawals.

Product range

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

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

Retail leverage at Spreadex follows the FCA’s standardised caps rather than anything the broker sets, and applies to both the spread-bet and CFD accounts. No FCA broker exceeds these caps; what the caps allow explains the margin that follows from them.

Customer service

Spreadex runs UK support by phone, email and live chat, with account and platform help on its online help pages. We describe support here from published information rather than timed response tests on the UK desk.

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, for UK traders who want to spread bet from TradingView charts on an FCA-authorised account. Spreadex trades as Spreadex Limited 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.

Not for raw-spread cost hunters, and not for traders who need MetaTrader or cTrader. There is no commission-based raw account, and the 0.8-pip EUR/USD modal we recorded, 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).