Is Spreadex a Scam or Legit?
Spreadex holds a valid FCA licence. The number is public and verifiable.
Spreadex is regulated under FCA licence 190941, issued to Spreadex Ltd. This licence appears in the FCA public register. Spreadex has been operating since 1999 — 27 years. Scam operations do not maintain long-term regulated status.
The FCA registration
| Regulator | FCA |
| Licence number | 190941 ✓ |
| Registered entity | Spreadex Ltd |
| Status | Authorised |
| Register | register.fca.org.uk |
| Years regulated | 27+ |
What FCA regulation means for you
FCA-regulated brokers must keep client funds in accounts segregated from company funds, provide negative balance protection, and contribute to the Financial Services Compensation Scheme (FSCS), which covers up to £85,000 per client if the broker becomes insolvent.
All regulatory licences
Spreadex holds 1 regulatory licence across different jurisdictions. The entity that applies to your account depends on your country of residence.
| Regulator | Licence | Entity | Max leverage |
|---|---|---|---|
| FCA | 190941 | Spreadex Ltd | 1:30 max |
How to verify Spreadex yourself
Go to register.fca.org.uk. Enter the licence number 190941 or search by entity name Spreadex Ltd. The result should show the entity name, authorisation status, and the specific regulated activities it is permitted to conduct.
This takes under a minute. If a broker cannot be found on the relevant regulator's register, that is a serious warning sign. All legitimate regulated brokers appear there.
Common complaints and what they mean
Most complaints about Spreadex fall into standard categories: withdrawal processing times, spread widening during news events, and account verification requests. These are normal business practices, not indicators of fraud.
None of these patterns indicate fraud. They are the normal complaints of a commercial brokerage enforcing its terms. Real forex scams operate without any regulatory licence, refuse all withdrawals, and disappear with client funds. That is not the profile of Spreadex.
Red flags that would indicate a real scam
When researching any broker, watch for these genuine warning signs:
- No licence number listed, or a licence that cannot be found on the official register
- Pressure to deposit more money to unlock withdrawals
- Promises of guaranteed returns or "risk-free" trading
- Platform that only shows profits, never losses
- No physical address or contact information
- Licence from a regulator you have never heard of that has no official website
None of these apply to Spreadex. Its FCA licence 190941 is publicly verifiable, it has disclosed offices in St Albans, UK, and it has operated continuously since 1999.
Frequently asked questions
Is Spreadex safe to deposit money with?
Spreadex is FCA-regulated and client funds are held in segregated accounts. UK clients are also covered by the FSCS up to £85,000. This does not eliminate trading risk, but it protects funds from broker insolvency.
Why do people ask if Spreadex is a scam?
Most forex scam searches come from traders who lost money trading. CFD trading is high-risk — 67% of Spreadex retail clients lose money. Losing money on a legitimate platform does not make it a scam. Scams refuse all withdrawals and disappear. Spreadex has processed billions in withdrawals over 27 years of operation.
Is Spreadex regulated in my country?
Spreadex holds licences covering 2 countries across 1 regulatory jurisdictions. The entity serving your account depends on your country. Check the full licence table above to find which entity applies to your region.
What happens to my money if Spreadex goes bankrupt?
FCA-regulated brokers must hold client funds in segregated bank accounts entirely separate from company operating funds. UK clients also have FSCS protection up to £85,000.