Spreadex Review 2026
Regulated broker with real licence numbers.
Spreadex is a regulated CFD broker founded in 1999. It holds a FCA licence under number 190941.
The basics
Spreadex was founded in 1999 and is headquartered in St Albans, UK. It is privately owned. The broker offers CFDs on 10,000 instruments across forex, indices, commodities, and crypto. All positions are contracts for difference — there is no real asset ownership.
MetaTrader is available on all account types. Copy trading is not offered.
| Founded | 1999 |
| Headquarters | St Albans, UK |
| Instruments | 10,000+ |
| Platforms | Spreadex Platform, MT4 |
| MetaTrader | Yes — MT4 and MT5 |
| Copy trading | No |
| Real stocks | No — CFDs only |
Is Spreadex safe?
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.
| Regulator | Licence | Entity |
|---|---|---|
| FCA | 190941 ✓ | Spreadex Ltd |
You can verify the FCA licence at register.fca.org.uk. The registration shows the entity name, authorisation status, and full permissions list. It takes under a minute.
Spreadex spreads
These are the typical spreads on Spreadex's standard account. Spreads vary by market conditions and account type. ECN or raw-spread accounts offer lower spreads in exchange for a per-trade commission.
| EUR/USD | 0.6 pips pips |
| GBP/USD | 0.9 pips pips |
| USD/JPY | 0.7 pips pips |
| Gold (XAU/USD) | 21c/oz |
| S&P 500 | 0.5pt |
Spreadex's EUR/USD spread of 0.6 pips pips is competitive for a retail broker without a per-trade commission.
Spreadex withdrawal fee and processing time
Fee: None. Spreadex does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Processing time: 1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
Withdrawal requests must pass identity verification before processing. If your account is not yet fully verified (proof of identity and address submitted), expect additional delays. Verified accounts follow the standard processing times above.
Spreadex minimum deposit by entity
The minimum deposit depends on which Spreadex entity serves your country. Offshore entities often allow lower minimums but with less regulatory protection.
| Entity | Regulator | Min deposit | Max leverage (forex) |
|---|---|---|---|
| Spreadex Ltd | FCA 190941 | None | 1:30 |
Spreadex vs eToro
| Spreadex | eToro | |
|---|---|---|
| Primary regulator | FCA 190941 | FCA 583263 |
| Min deposit | None | $50 |
| EUR/USD spread | 0.6 pips pips | 1.0 pips |
| MetaTrader | Yes | No |
| Instruments | 10,000+ | 3,000+ |
| Copy trading | No | Yes |
| Withdrawal fee | None | $5 per withdrawal |
Both brokers are regulated and legitimate. Spreadex suits traders who value MetaTrader and algorithmic trading. eToro is better for traders who prioritise its specific regulated entity coverage.
Regulation — the numbers that matter
| FCA | 190941 — Spreadex Ltd |
Leverage for retail clients in the EU and UK is capped at 1:30 on major forex pairs under ESMA rules.
Pros and Cons
What works
- FCA regulated — Spreadex Ltd
- No minimum deposit
- MetaTrader 4 and 5 available
- No inactivity fee
- 10,000+ instruments
What does not work
- No copy trading
- No real stock ownership — CFDs only
The verdict
Spreadex is a legitimate, regulated broker. The FCA licence number 190941 is verifiable on the public register. It is best suited for traders who want MetaTrader on a regulated platform. Rating: 4.0 out of 5.
Alternatives to Spreadex
If Spreadex does not fit your needs, these regulated alternatives are worth comparing:
Frequently asked questions
Is Spreadex safe?
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. Spreadex holds FCA licence 190941, which is publicly verifiable on the official register.
What is the Spreadex minimum deposit?
The minimum deposit is None. This applies to the main regulated entity. Some offshore entities may differ. See the entity table above for full breakdown.
What is the Spreadex EUR/USD spread?
The EUR/USD spread on Spreadex standard accounts is typically 0.6 pips pips. Spreads vary with market conditions. ECN or raw accounts offer lower spreads with a per-trade commission instead.
How long does Spreadex take to process withdrawals?
1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
Does Spreadex charge withdrawal fees?
None. Spreadex does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Does Spreadex have MetaTrader?
Yes. Spreadex supports both MT4 and MT5 on all account types. This allows automated trading, custom indicators, and expert advisors.