Spreadex is a forex broker established in 1999 and registered in England, with its headquarters located in St Albans. The company was originally named FORAY 1199 LIMITED. It primarily offers investors Contracts for Difference (CFDs) trading services in forex, indices, stocks, commodities, and more. The platform is regulated by the UK Financial Conduct Authority (FCA).
Company Background
Spreadex is a brokerage that provides trading services, with the registered entity being SPREADEX LIMITED and the company number 03720378, headquartered in St Albans. The company was established on February 25, 1999. According to information obtained from a Whois search, the official website domain name of Spreadex was registered on August 31, 1999. According to information from the UK Companies House website, the company's directors include HALLAN, James Rodney, HARRIS, Paul Edward Woodstock, HARRIS, Thomas Woodstock, HUFFORD, Jonathan Gordon, MACKENZIE, David Ross, and MORLEY, Allan Philip, all of whom are British.
Regulatory Information
The Spreadex official website claims it is regulated by the UK Financial Conduct Authority (FCA). According to information from the FCA website, the broker was regulated by the FCA in 2001, with certificate number 1622312.
Trading Products
Spreadex offers a variety of financial instruments for trading, including:
- Forex: Offers opportunities to trade various currency pairs in the forex market. Forex CFDs allow investors to trade based on the price movements of one currency against another. Examples of available currency pairs include EUR/USD, GBP/USD, and USD/JPY, among others.
- Indices: Index CFDs allow investors to trade based on the performance of market indices without having to buy or sell actual index stocks or assets.
- Stocks: Traders can conduct CFD transactions on stocks of various companies, such as those of well-known companies like Apple, Microsoft, and Amazon. This allows investors to participate in the market without owning the actual shares.
- Commodities: Commodity CFDs enable investors to profit from price fluctuations of raw materials and resources. Commodities include raw materials such as crude oil, copper, and iron ore. Commodity CFDs allow investors to participate in various commodity markets without physically holding the commodities.
Trading Platform
Spreadex offers an online trading platform, Spreadex Trading, developed by itself instead of the more popular MT4 or MT5 platforms. According to its official website, this platform provides investors with various trading tools, customization options for the interface, and is compatible with multiple devices, including web and mobile devices, enabling investors to trade with ease.
Account Registration
Information on the Spreadex official website indicates that the broker provides a link for investors to register accounts, but does not specify whether the accounts are demo or live. The registration process involves clicking "CREATE AN ACCOUNT" on the homepage or the top right corner, entering or selecting required information such as trading name, country, email, password, and completing the registration.
Account Types
Spreadex offers investors two types of accounts: Spreads Account and CFDs Account
Investors can choose between different account types according to their trading needs.
Spread and Leverage
Spreadex offers spreads starting from 0.6pip for indices, while specific spreads for other trading products are not disclosed. Additionally, detailed information about the broker's maximum leverage, commissions, minimum deposit, minimum transaction unit, etc., are not available, possibly leading to uncontrollable trading risks for investors.
Deposits and Withdrawals
Spreadex supports various deposit and withdrawal methods, such as online payment, debit/credit cards, bank transfers, etc., but it does not provide key information on supported channels, currencies, fees, etc.
Customer Support
This broker offers multi-language support through various channels, including telephone support, email support, and online chat. Traders can contact the customer support team directly and immediately at +44 (0)1727 895 000, or send inquiries or requests to info@spreadex.com. Moreover, the online chat function on the Spreadex website allows for quick communication with the broker, though the broker does not specify its customer service hours, which may affect the immediacy of responding to customer inquiries and impact user experience.
Conclusion
Spreadex, registered and regulated in England by the UK Financial Conduct Authority (FCA), offers its proprietary trading platform. However, information regarding commissions, maximum leverage, minimum deposit, etc., has not been disclosed and may require communication with the broker. Traders should educate themselves thoroughly on market mechanisms and carefully consider their investment objectives and risk tolerance before engaging in high-leverage trading.
Currently, Spreadex is marked as "Active" on the TraderKnows.
