Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

Spreadex Review Summary in 10 Points
Founded	1999
Registered Country/Region	United Kingdom
Regulation	FCA
Market Instruments	indices, shares, forex, commodities, bonds, interest rates, exchange traded funds, options, and cryptocurrencies
Demo Account	N/A
Leverage	1:30
EUR/USD Spread	0.6 pips
Trading Platforms	Online platform, Mobile trading, and TradingView
Minimum Deposit	$1
Customer Support	Live chat, phone, email

What is Spreadex？

Spreadex is a UK-based brokerage firm, established back in 1999 and focused on a financial trading service providing, as well spread betting and sports betting, through its maintained office in London. Spreadex first moved into the online market in 2006 when it launched its website. Spreadex is regulated by the Financial Conduct Authority (FCA, registration number 190941) in relation to the spread betting services it offers.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros	Cons
• FCA-regulated	• No MT4/5 trading platform
• Offers a range of financial spread betting and trading services to retail and professional clients	• Limited deposit and withdrawal options compared to other brokers
• Operates within regulatory restrictions for leverage levels
• Offers a range of educational resources
• Multi-channel customer support
• Many years experience in the indus
• Quick account opening and easy to use platform

Spreadex Alternative Brokers

There are many alternative brokers to Spreadex depending on the specific needs and preferences of the trader. Some popular options include:

• FP Markets - for traders seeking access to a wide range of trading platforms, advanced charting tools, and competitive pricing across various financial markets.

• LiteForex - for traders looking for user-friendly MetaTrader platforms, a variety of analysis tools, and a range of trading instruments to choose from.

• Global Prime - for traders who prioritize institutional-grade execution, access to multiple trading platforms, and a focus on transparent and reliable trading conditions.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is Spreadex Safe or Scam？

Spreadex appears to be a legitimate broker for individuals interested in trading. The company is regulated by the United Kingdom Financial Conduct Authority (FCA, No. 190941), which adds a layer of safety and transparency for investors. Additionally, the fact that Spreadex offers clients segregated bank accounts can further enhance safety and security for their funds.Having many years of experience in the industry can also be seen as a positive sign, as it suggests that the company has a solid track record and established reputation.

However, it is always recommended for traders to do their own due diligence and research any potential broker before investing funds. Reviews and feedback from other traders can be helpful in determining the safety and legitimacy of a broker, as well as checking for any past incidents of fraud or other issues. Additionally, testing out the available trading platforms and customer support options can help to determine if a broker is a good fit for your individual trading needs and preferences.

Market Instruments

Spreadex offers a diverse range of over 15,000 tradable assets, covering a wide variety of markets and instruments. This includes popular markets such as indices, shares, forex, commodities, and bonds, as well as interest rates, exchange traded funds, options, and cryptocurrencies.

Index trading is a popular market on Spreadex, with access to indices such as the FTSE 100, S&P 500, and NASDAQ. This can provide traders with broad exposure to the performance of the overall market, as well as specific sectors or industries.

Forex trading is also available on Spreadex, offering access to the world's largest financial market by trading volume. With access to major and minor currency pairs, traders can take advantage of currency fluctuations and volatility to seek out profits.

Commodity trading is another popular option on Spreadex, with access to gold, silver, oil, and other commodities. This can provide traders with a way to hedge against inflation or geopolitical risks, as well as potentially profiting from market movements.

Accounts

There seems only one single account available for all traders, which is the Standard account. To open a real account just with the minimum deposit of $1, which sounds a good opportunity for most traders to get started.

Leverage

As a UK brokerage firm, Spreadex operates within regulatory restrictions for leverage levels. The maximum leverage offered to retail traders is 1:30 for major currency pairs and lower for other instruments. This limitation is in place to protect investors from significant losses and ensure responsible trading practices.

Professional traders, however, may have access to higher leverage ratios once their status is confirmed and specified conditions towards spread betting and trading services are met. This can provide experienced traders with the opportunity to increase their potential profits, but it should be noted that higher leverage also carries higher risk.

Overall, Spreadex's leverage offering is in line with regulatory restrictions and aims to promote responsible trading practices. Traders can still access a range of markets and instruments, but should be aware of the potential risks involved with higher leverages.

Spreads & Commissions

Spreadex offers variable spreads that can fluctuate throughout the day depending on market volatility. Major currency pairs such as EURUSD and GBPUSD have very low spreads of 0.6 and 0.9 pips respectively, which is competitive with other brokers in the industry. Spreads for minor and exotic currency pairs are comparable to most other brokers as well.

For all markets apart from shares, the fee is simply the spread between the buy and sell price. However, for shares, there is an interest rate charge applied to the total value of the stock. This fee typically amounts to 1.25%, but it can increase to 1.5% for smaller stocks and those with less liquidity.

There is no information available on any commissions charged by Spreadex. However, the competitive spreads and lack of hidden fees make Spreadex a potentially attractive option for traders looking to minimize their costs.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker	EUR/USD Spread (pips)	Commissions (per lot)
Spreadex	0.6	No commissions
FP Markets	0.1	$3
LiteForex	1.5	No commissions
Global Prime	0.0	$7

Please note that this information may have changed since my last knowledge update, and it's always recommended to verify the latest details with the respective brokers directly.

Trading Platforms

Spreadex offers a range of trading platforms to cater to traders' different preferences and needs. The online platform is Spreadex's flagship trading platform, featuring a user-friendly interface and a range of tools and features. The platform allows traders to access all of Spreadex's tradable assets and markets, as well as providing access to a range of analysis tools and educational resources.

Mobile trading is available through Spreadex's mobile app, which is available for both iOS and Android devices. The app provides traders with a convenient and flexible way to access their accounts and trade on-the-go, with many of the same features and tools as the online platform.

Finally, Spreadex also offers integration with TradingView, a popular third-party charting software. This can allow traders to access advanced charting features and tools, as well as collaborate with other traders in the TradingView community.

Overall, Spreadex's range of trading platforms provides traders with a range of options to suit their individual needs and preferences, whether they prefer a desktop platform, mobile app, or third-party software integration.

See the trading platform comparison table below:

Broker	Trading Platforms
Spreadex	Custom online platform, Mobile app
FP Markets	MetaTrader 4, MetaTrader 5, IRESS
LiteForex	MetaTrader 4, MetaTrader 5, WebTrader
Global Prime	MetaTrader 4, WebTrader, FIX API

Deposits & Withdrawals

Spreadex accepts deposits and withdrawals via Credit Card, Bank Transfer, Cheque, and Direct Debit. However, it does not currently accept deposits from E-Wallets such as Moneybookers, Paypal, Neteller, Ukash, etc. Deposits made by debit card under £50 are subject to a £1 fee. Spreadex does not accept any third-party payments.

Spreadex minimum deposit vs other brokers

	Spreadex	Most other
Minimum Deposit	$500	$100

International bank transfers and bank transfers in currencies other than sterling will be subject to additional charges. The minimum withdrawal amount is £50 cleared funds on your trading ledger that is not being used to support the margin/NTR on any open positions. If the available amount is less than £50, you will only be able to withdraw the full amount.

Spreadex offers card withdrawals which you'll receive within 2 hours of your withdrawal being approved. However, some card issuers may be unable to accept funds through this method, and in such circumstances, payments back to these cards will take 2-5 days to be received. Bank transfers should be in your account within 2 working days.

Overall, Spreadex's deposit and withdrawal options are limited compared to some other brokers, but the available options are low-fee and relatively quick processing times. It is recommended for traders to carefully review the available deposit and withdrawal options to ensure they meet their individual needs and preferences before investing funds.

Customer Service

Spreadex offers a range of customer service options to cater to traders' needs and preferences. This includes live chat, phone support, and email support. The financial desk can be reached at +44 (0)1727 895 151 while general inquiries can be directed to +44 (0)1727 895 000. The email address for customer service is info@spreadex.com.

Traders can also follow Spreadex on various social networks, including Twitter, Facebook, Instagram, YouTube, and LinkedIn. This can provide a convenient way to stay up-to-date on news and updates from the broker, as well as connecting with other traders and the Spreadex community.

Pros	Cons
• Multi-channel support	• No 24/7 customer support available
• Live chat support	• No information on multilingual support for non-English speakers
• Social media presence on various platforms for easy communication and updates

Note: These pros and cons are subjective and may vary depending on the individual's experience with Spreadex's customer service.

Education

Spreadex offers a range of educational resources to support traders, including a video training center, account FAQs, charting FAQs, trading FAQs, and a financial spread betting glossary. These resources can provide traders with a solid foundation of knowledge and help them develop their skills and understanding of the trading markets and instruments.

The video training center offers a library of educational videos covering topics such as market analysis, technical analysis, and risk management. Traders can watch these videos at their own pace and access them at any time.

The account FAQs, charting FAQs, and trading FAQs provide answers to common questions and concerns that traders may have about using Spreadex's platform and services. These resources can provide guidance and clarity for traders who are new to the platform or may be experiencing technical issues.

Finally, the financial spread betting glossary provides definitions and explanations of key terms and concepts related to spread betting and trading. This can be a valuable resource for traders who are new to the industry or may be unfamiliar with some of the terminology and jargon used in trading.

Overall, Spreadex's educational resources can provide traders with a solid foundation of knowledge and help them develop their skills and understanding of the trading markets and instruments.

Conclusion

In conclusion, Spreadex is a regulated financial spread betting and CFD provider offering a range of trading instruments. With competitive spreads, a user-friendly online platform, and mobile trading capabilities, Spreadex aims to cater to traders' needs. As with any trading platform, it's essential to review the latest information, terms, and conditions to make an informed decision that suits your specific requirements.

Frequently Asked Questions (FAQs)

Q 1:	Is Spreadex regulated？
A 1:	Yes. It is regulated by United Kingdom Financial Conduct Authority (FCA, No. 190941).

Q 2:	At Spreadex, are there any regional restrictions for traders？
A 2:	Yes. The information on their website is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any law or regulatory requirement.

Q 3:	Does Spreadex offer the industry leading MT4 & MT5？
A 3:	No. Instead, it offers Online platform, Mobile trading, and TradingView.

Q 4:	What is the minimum deposit for Spreadex？
A 4:	The minimum initial deposit to open an account is $1.

Q 5:	Is Spreadex a good broker for beginners？
A 5:	Yes. It is a good choice for beginners because it is regulated well and has many years experience in the industry, as well as offers various trading instruments with competitive trading conditions on multiple trading platforms.

Trade245 Review Summary of 10 Points
Founded	2020
Headquarters	South Africa
Regulation	No valid license
Market Instruments	FX pairs, indices, stocks and commodities CFDs
Demo Account	Available
Leverage	1:500
EUR/USD Spread	1 pip
Trading Platforms	MT4, MT5
Minimum deposit	$0
Customer Support	24/5 phone, email

What is Trade245？

Trade245 is a forex and CFD broker that offers trading services in forex, indices, commodities, and stocks. The broker is registered in South Africa. It offers the popular MetaTrader4 (MT4) and MetaTrader5 (MT5) trading platforms. Trade245 claims to offer competitive spreads, fast execution, and various account types and educational resources for traders. It is said to be authorized and regulated by South Africa Financial Sector Conduct Authority (FSCA), but it seems to be a suspicious clone.

Pros & Cons

Trade245 offers several advantages such as a wide range of trading instruments, multiple account types, and user-friendly trading platforms. However, there are also several drawbacks, such as lack of regulation and transparency. Traders should carefully consider these factors before deciding to trade with Trade245.

Pros	Cons
• Offers a wide range of trading instruments	• Lack of regulation and transparency
• Provides multiple account types to choose from	• Negative reviews and complaints from some users
• No minimum deposit requirement	• Residents of the United States, Canada, Israel and the Islamic Republic of Iran are not accepted
• Offers MT4 and MT5 trading platforms
• Provides 24/5 customer support
• Offers competitive spreads and zero commissions

Note: It is important to conduct thorough research and due diligence before choosing a broker to trade with. The above table is just a summary of the pros and cons of Trade245 and should not be taken as a recommendation to trade with or against the broker.

Trade245 Alternative Brokers

There are many alternative brokers to Trade245 depending on the specific needs and preferences of the trader. Some popular options include:

• Forex.com - a globally trusted broker that is regulated in multiple jurisdictions and offers a user-friendly platform, competitive pricing, and a range of educational resources.

• FXTM - a popular broker that is regulated in multiple jurisdictions and offers a range of trading instruments, including forex, CFDs, and cryptocurrencies, with competitive pricing and excellent customer support.

• IC Markets - a well-regulated broker that offers a range of trading instruments, including forex, CFDs, and cryptocurrencies, with tight spreads and fast execution.

Is Trade245 Safe or Scam？

There is no definitive answer to whether Trade245 is safe or a scam, as opinions and experiences vary among traders. There are concerns about the authenticity of their FSCA license, and some negative reviews from users about difficulties with withdrawals. Therefore, it is essential for traders to do their due diligence and thoroughly research Trade245 or any other broker before investing their funds.

Market Instruments

Tradable financial instruments available on the Trade245 platform include FX pairs, indices, stocks and commodities CFDs and more. Many other brokers could even offer richer instruments, like metals, cryptos, options, etc.

Accounts

Trade245 offers six types of trading accounts that cater to the diverse needs of traders. These accounts include Bonus 100, No Bonus, Swap Free, Zero Spread, Cent, and VIX 75 accounts.

The Bonus 100 account offers a 100% deposit bonus, while the No Bonus account has no deposit bonus but offers lower trading costs. The Swap Free account is designed for traders who want to avoid paying overnight swap fees, while the Zero Spread account offers traders the lowest possible spreads. The Cent account is tailored for traders who want to trade in smaller amounts, and the VIX 75 account is specifically designed for trading the volatility index.

Notably, there is no minimum opening deposit requirement for any of these accounts, providing traders with greater flexibility.

It is important to note that the Swap Free and VIX 75 accounts are limited-time offers, so traders should take advantage of them while they are available.

VIX 75 accounts are available for the MT5 platform, while other left account types are available for MT4 platform.

Leverage

All account types offered by Trade245 have a maximum leverage of 1:500. This means that traders can potentially increase their profits or losses by up to 500 times their initial investment. However, it is important to note that high leverage also increases the risk of significant losses. Therefore, it is crucial for traders to use leverage responsibly and manage their risk effectively. Traders should also ensure that they understand the risks and implications of using high leverage before trading with Trade245 or any other broker.

Spreads & Commissions

Trade245 offers variable spreads which start from as low as 1 pip for some account types (except for Zero Spread accounts from 0 pips). The spreads may vary based on the trading instrument, account type, and market conditions. Trade245 does not charge any commission fees for its trades. Instead, it includes its costs within the spread. However, the Zero Spread account type may charge an unspecified commission fee.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker	EUR/USD Spread	Commission
Trade245	1 pip	No
Forex.com	0.8 pips	No
FXTM	1.3 pips	No
IC Markets	0.1 pips	AUD $7 per lot

Note: The above data is based on the information available on the respective brokers' websites and is subject to change. Spreads and commissions may vary depending on the account type, trading platform, and market conditions.

Trading Platforms

Trade245 offers its clients the popular and widely used MetaTrader4 (MT4) and MetaTrader5 (MT5) trading platforms. Both platforms are available for download on desktop, mobile, and tablet devices. These platforms provide a user-friendly interface, advanced charting tools, and a wide range of technical analysis indicators. MT4 and MT5 are well-known for their fast execution speeds, reliable order execution, and a range of trading tools to enhance the trading experience.

Additionally, the platforms support automated trading through expert advisors (EAs) and allow traders to customize their trading strategies using their preferred programming language.

Overall, Trade245 provides a comprehensive trading experience for both novice and experienced traders with the support of two of the most popular trading platforms in the industry.

See the trading platform comparison table below:

Broker	Trading Platform
Trade245	MetaTrader5, MetaTrader5
Forex.com	MetaTrader4, Web Trading
FXTM	MetaTrader4, MetaTrader5, FXTM Trader App
IC Markets	MetaTrader4, MetaTrader5, cTrader

Note: The table is based on the information available on the official websites of the brokers, and is subject to change.

Deposits & Withdrawals

Trade245 offers various deposit and withdrawal methods to its clients, including Visa, MasterCard, mPESA, ozow, Skrill and various cryptocurrencies. There is no minimum deposit requirement. There are no deposit fees charged by Trade245.

Withdrawals are said to be processed within hours, and there are no withdrawal fees charged by Trade245. However, clients should be aware that some payment providers may charge fees for their services.

Multiple Trading Currencies

ZAR, USD, GBP

Trade245 minimum deposit vs other brokers

	Trade245	Most other
Minimum Deposit	$0	$100

Fees

Trade245 charges fees for several services as follows:

• Overnight Financing Fees: Also known as swap fees, overnight financing fees are charged for holding positions open overnight. The fees are calculated based on the trading instrument being traded and the position size.

• Inactivity Fees: Trade245 charges an inactivity fee of $50 per month for accounts that have been inactive for 3 months or more.

• Deposit & Withdrawal Fees: Trade245 does not charge any fees for deposits and withdrawals. However, third-party fees may apply, depending on the method used.

It's worth noting that the fees charged by Trade245 may vary depending on the type of account opened and the trading platform used. It's important to read the terms and conditions carefully before opening an account with Trade245 to fully understand the fees charged.

See the fee comparison table below:

Broker	Deposit Fee	Withdrawal Fee	Inactivity Fee
Trade245	No	No	$50/month after 3 months of inactivity
Forex.com	No	No	$15/month after 12 months of inactivity
FXTM	No	No	$5/month after 6 months of inactivity
IC Markets	No	No	$10/month after 2 years of inactivity

Customer Service

Trade245 offers 24/5 customer support through various channels including email and phone. Their website also has an FAQ section where clients can find answers to common questions. You can also follow them on some social networks such as Facebook and Instagram.

Education

Trade245 offers some educational resources to its clients, including a glossary of commonly used trading terms and articles on various topics related to trading. These resources are aimed at helping traders of all levels to gain a better understanding of the financial markets and improve their trading skills. Overall, Trade245's educational offerings are a valuable resource for traders who are looking to improve their trading performance and achieve their financial goals.

Conclusion

Overall, Trade245 appears to offer a competitive trading environment with a wide range of trading instruments, multiple account types, and popular trading platforms including MT4 and MT5. However, the fact that their FSCA license is a suspicious clone raises some concerns about the legitimacy of the broker. In addition, there are some negative reviews from users reporting difficulties with withdrawals, which is certainly a red flag. As with any broker, it is important to conduct thorough research and exercise caution before investing any funds.

Frequently Asked Questions (FAQs)

Q 1:	Is Trade245 regulated？
A 1:	No. It has been verified that their South Africa Financial Sector Conduct Authority - FSCA license is a suspicious clone.

Q 2:	At Trade245, are there any regional restrictions for traders？
A 2:	Yes. Trade245 does not provide services for the residents of certain countries, such as the United States, Canada, Israel and the Islamic Republic of Iran.

Q 3:	Does Trade245 offer demo accounts？
A 3:	Yes.

Q 4:	Does Trade245 offer industry-standard MT4 & MT5？
A 4:	Yes. Trade245 supports MT4 and MT5.

Q 5:	What is the minimum deposit for Trade245？
A 5:	There is no minimum initial deposit requirement.

Q 6:	Is Trade245 a good broker for beginners？
A 6:	No. Trade245 is not a good choice for beginners. Though it offers demo MT4 and MT5 accounts, never forget their FSCA license is a suspicious clone.