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Spreadex review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

Spreadex suits UK traders who want share dealing, currency trading and spread betting under a single roof, with investor protection of FSCS up to GBP 85,000 and a commission-free pricing model. The stock trade fee is £0, the minimum deposit is £0, and the account is held by Spreadex Limited.

Key facts

Best for
Commission-free UK dealing across shares, forex, CFDs, options and spread betting.
Minimum deposit
£0↗
Stock trade fee
£0↗
Inactivity fee
$0↗
Markets
Stocks, Forex, CFDs, Options, Spread-betting↗
Regulators
Financial Conduct Authority (FCA), UK Gambling Commission↗
Investor protection
FSCS up to GBP 85,000↗
Retail accounts that lose money
61%↗
EUR/USD spread
0.6%↗
Deposit and withdrawal fees
Free deposits and withdrawals↗
Platforms
Web, Mobile↗
Legal entity
Spreadex Limited↗
Headquarters
United Kingdom↗
Founded
1999↗
Support channels
Phone, Help-centre↗
Features
Mobile app
Pricing model
Commission-free, Low fees
Official website
spreadex.com

Facts checked September 26, 2026, 9 sources

Apps and profiles

Elsewhere
WikidataWikipediaTrustpilot

Pros and cons

Pros

  • The inactivity fee is $0, so a dormant account is not charged month after month.
  • A single account covers stocks, forex and cfds, so share dealing and the leveraged markets sit in the same place.
  • Regulated by the Financial Conduct Authority and the UK Gambling Commission, so both the dealing and betting sides are supervised in the UK.
  • It ranks 1 of 218 brands on minimum deposit and 1 of 166 brands on the stock trade fee.

Cons

  • Spreadex's own risk warning records 61% of retail accounts losing money, so the low fees do not change the odds.
  • Support runs on phone and help centre only, with no listed live chat or email route.
  • Currency costs show in the spread rather than a fee, and the EUR/USD spread is 0.6%.
Spreadex

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Scored 9.3 / 10 by SumCue.

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Who it suits

  • UK traders who want a single account for share dealing, forex, CFDs, options and spread betting.
  • Readers who will not pay commission on share dealing, since the stock trade fee is £0.
  • Long-standing clients: the firm has traded since 1999 and the account is run by Spreadex Limited.

Who should look elsewhere

  • Anyone after credit rather than trading: Fiesta Credito MX sits under CONDUSEF and belongs in a credit comparison.
  • Readers who prefer a defined starting amount to fund up front, as bunq does with a minimum deposit of €10.
  • Traders who need email or live chat help, since Spreadex runs on phone and help centre; CFI is the alternative to check on that point.

How Spreadex compares

Where Spreadex is available

Available
United Kingdom
Licence in United Kingdom
Financial Conduct Authority (FCA) (190941), checked September 26, 2026
Licence in United Kingdom
UK Gambling Commission (8835), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What is the minimum deposit at Spreadex?+

The minimum deposit is £0, so nothing has to be funded before you can open an account. Spreadex ranks 1 of 218 brands on this measure, and the account costs nothing to leave in place while it sits idle.

Does Spreadex charge commission on share trades?+

The stock trade fee is £0, and the pricing model is commission-free, so the cost of dealing sits in the spread instead of a per-trade charge. On that measure Spreadex ranks 1 of 166 brands in the comparison.

Is there an inactivity fee?+

The inactivity fee is $0, so a dormant account is not charged while you wait for the next setup. Spreadex ranks 1 of 56 brands on this measure, which suits readers who trade in bursts and park funds between deals.

How safe is money held with Spreadex?+

The firm is regulated by the Financial Conduct Authority and the UK Gambling Commission, and the account is held by Spreadex Limited. Investor protection is FSCS up to GBP 85,000. The FCA reference is 190941 and the gambling reference is 8835.

Which markets can I trade on a single account?+

A single login covers stocks, forex and cfds, so share dealing, currency trading, contracts for difference, options and spread betting sit together. The EUR/USD spread is 0.6%, the number to watch on the currency side, and the platform list is Web and Mobile.

Can I trade from my phone and get help when I need it?+

The platform list is Web and Mobile and a mobile app is available, so orders can be placed away from a desk. Support is narrower: the channels offered are phone and help centre, so there is no listed live chat or email route alongside them.

Are deposits and withdrawals free?+

Deposits and withdrawals are free, so moving cash in or out adds nothing to the cost of a trade. The account opens at a minimum deposit of £0 and runs on Web and Mobile, so funding and balance checks can be done from a phone as well as a desktop.

Do most Spreadex customers lose money?+

Spreadex's own risk warning records 61% of retail accounts losing money, which sits close to the wider market. The firm has traded since 1999, so the warning is not new. Read the commission-free pricing as a reason to keep position sizes modest, not as a reason to trade more.

Sources

Compiled from 10 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Account fee.

Spreadex

Spreadex

Commission-free UK dealing across shares, forex, CFDs, options and spread betting.

9.3/10See alternatives