SpreadEX

SpreadEX launched back in 1999 originally as a financial spread betting operator and later expanded into CFD trading. The company is regulated by the UK Financial Conduct Authority (FCA) and also holds a UK Gambling Commission licence for its sports betting offering, which is separate from its financial trading services.

Traders can access a wide range of over 3,000 share CFDs, indices, forex, commodities, ETFs and bonds via its own web-based platform—SpreadEX does not offer MT4 or MT5.

During our tests, SpreadEX stood out for its exceptionally tight EUR/USD spreads, widest at 0.60 pips, which ranks among the best forex pricing we see on TraderGuide. Execution is handled instantly via their proprietary web platform, and traders can access advanced charting tools, pattern recognition, drawing tools, and one-click order entry—everything you need for technical setups, without installing MetaTrader suites.

Account setup is impressively smooth, with no minimum deposit requirement for CFD traders (though sports bettors have a £10 deposit threshold), no inactivity fees, no joining fees, and no obligation to trade. Funding via debit card or bank transfer is straightforward, and the broker offers full Fiat and crypto coverage for trading and settlements.

One of SpreadEX’s unique strengths is that it offers both spread betting and CFDs under the same roof, which makes it appealing for UK traders looking to take advantage of tax-efficient spread betting while still having access to traditional leveraged trading products.

SpreadEX delivers excellent forex pricing—especially on major pairs like EUR/USD—but index spreads are less competitive. Instruments such as the DAX or Dow often trade at spreads closer to or above industry average, which may not appeal to traders focused on tight index execution.

The platform setup is entirely proprietary. There is no MetaTrader support or third-party platform integration, which might frustrate traders who rely on MT4/MT5 EAs, backtesting environments, or social trading infrastructure. While the web-based solution is clean and efficient, it's comparatively lean in analytics and automation capabilities.

Educational tools and research are not a strong focus here. SpreadEX offers limited in-platform learning resources—so traders seeking daily market commentary or structured learning materials may need to rely on external sources.

SpreadEX could be a compelling option if you’re after tight EUR/USD spreads, fast web execution, and FCA-backed regulation. It's a rare broker that matches sports and financial betting under one roof while offering broad CFD access with serious pricing transparency.

However, if you routinely trade indices, rely on MetaTrader tools, or expect copy trading/social features, SpreadEX may feel restrictive. Their index tractability is average, platforms are standalone, and educational support is limited.

In short, SpreadEX works best for traders prioritising cheap major forex costs in a regulated UK environment—but if your strategy includes heavy index trading or requires plug‑in tools, there are more feature-rich alternatives in the TraderGuide list.