|Licensing and Regulation|
|Brand & Functionality|
The SpreadEx Limited company offers trading in spread betting, binary options, CFDs, and Forex. Whether you are interested in financials or sports spread betting, all traders will benefit from a superior trading platform along with excellent customer service. SpreadEx opened its virtual doors in 1999 and was initially headquartered in Dunstable, Bedfordshire. In February 2008, however, the company decided to relocate to St Albans, Hertfordshire.
During 2006, the company managed to launch an online spread betting service followed by its innovative financial trading platform. In May 2010, SpreadEx introduced a fixed-odds sports betting product, allowing users to place bets in both decimal and fractional formats. In 2011, the company further expanded by offering a live online casino that includes live dealer services along with a wide range of casino games, including video poker, instant win games, table games, card games, and video slots.
In March 2012, SpreadEx consolidated the client database of ShortsandLongs.com, which is another financial spread betting company. In 2013, the company introduced ‘Speed Markets, allowing clients to place an assortment of fixed risk bets on a wide range of financial markets. The senior leadership team and managing director wanted success offline and started to advertise and operate a fixed-odds spread betting terrain at the Kempton Park racecourse. The company has also reached arrangements with Cancer Research, Responsible Gambling Trust, and Armed Forces charities to demonstrate and promote their core values as a company.
Licensing and Regulation
It is essential that prospective clients search for a regulated and reputable trader online. This will assist in limiting the risk of becoming a victim to fraudulent companies and scams. Fortunately, the SpreadExcompany is regulated by the Financial Conduct Authority in the United Kingdom. This means that all client funds are kept safe and secure from SpreadEx’s operating capital through Tier 1 banks. Regulatory oversight from the FCA also means that the company is required to adhere to strict regulations that aim to protect its clients. It also means that client’s funds are kept safe and secure in a variety of scenarios, including bankruptcy.
Traders will be pleased to know that SpreadEx comes equipped with a mobile app that is available on iOS and Android devices. The mobile apps can be downloaded directly from the Google Play Store for Android users, or the Apple App Store for iOS users. The mobile site is extremely similar to its desktop counterpart, providing a variety of innovative features such as depositing funds, accessing trade history, creating watchlists, editing and monitoring multiple trades, editing and adding limits or orders. Both their financial and mobile sports offering also comes with an advanced charting suite which includes automated trend lines, candlestick pattern recognition, pinching to zoom out and in, 10 years of historical data, capabilities to edit and save templates, editable technical indicators, and indications of low and high change percentages for the day’s trading.
Brand & Functionality
SpreadEx is a world-renowned brand in the online financial market and offers several useful features to make functionality an absolute breeze. Within the sports betting section, clients can utilise coupon betting, accumulators, and a wide range of other options to see the same type of wagers in a single destination. When it comes to their financial offering, SpreadEx has introduced ‘Pulse” which is essentially a notification system that enables clients to stay up-to-date with all changes in the stock market as well as other instruments in a client’s watchlist. There’s also a significant range of useful resources in terms of education, including trade examples, charting guides, market updates, interviews, tips, economic calendars, video guides, indicator explanations, and more.
SpreadEx offers two ways to register an account, including sports betting and financial trading. You will need to select one of the two options on the homepage which will allow you to visit the dedicated website or to register a new account. To register with the financial trading side of SpreadEx, you will need to provide your personal details, create a unique password, and provide your residential information. What’s even more impressive is that you can create your own username during the registration process to make future logins much more convenient. Once your account is registered, you will need to answer a few simple questions relating to financial trading before you can deposit funds on your account.
SpreadEx provides an excellent variety of safe and secure payment methods to easily and effortlessly fund your account once you completed the questionnaire on the site. The deposit methods include Skrill, Wire Transfer, Online Bank Transfer, and Debit/Credit Cards. You won’t encounter any additional charges when you fund your account while using online bank transfer or a UK debit card. However, there will be a 2% admin fee when you use a credit card to fund your account. The only downside to using SpreadEx is that you won’t be able to use an e-wallet option, such as Neteller.
One of the most remarkable aspects when it comes to the offerings at SpreadEx is their extensive range of instruments and products. Traders will be able to speculate on more than 50 FX pairs and gain access to more than 15,000 instruments which include cryptocurrencies, commodities, ETFs, bonds, interest rates, shares, and options. Registered clients also praise the company for providing the most comprehensive AIM stock variety which includes small caps within the markets caps worth $1 million. SpreadEx also applies this concept when it comes to sporting events, allowing clients to bet on the NFL, Rugby League, Horse Racing, Cricket, Darts, Golf, Formula 1 and more. Clients can even bet on politics, including the UK general elections.
SpreadEx will allow you to execute a minimum trade to the value of 0.01 Lot. Obviously, this will vary greatly on the account you wish to open. The company will allow you to execute a maximum trade value of Variable. When it comes to Market Makers, the company might offer lower entry requirements when compared to ECN brokers that benefit from higher trades and typically has minimum trade requirements and a larger capital. Market makers often have a lower minimum deposit with no commission on trades and smaller trade requirements.
SpreadEx ensures that all financial and personal data is safe and secure thanks to utilising the latest SSL encryption technology on their website. This goes for both the desktop version and the dedicated mobile apps. When it comes to making a withdrawal, clients usually wait for two business days to receive their funds via bank transfer and up to five working days to receive their funds via debit/credit cards. The minimum amount you can withdraw at SpreadEx is £50. Clients will also be pleased to know that multiple withdrawals are accepted daily by the company.
The SpreadEx website comes equipped with three different customer support centres, including Customer Services, Sports Trading Room, and Financial Trading Room. Each dedicated centre will provide relevant contact information to get in touch with a representative, including an email address and telephone number. The financial trading room is available around the clock from Monday to Thursday and is closed on Saturdays, while the Customer Service centre is available from 08:00 am to 17:30 pm. Thankfully, the Sports Trading Room is available 24 hours a day to ensure all sports betting enthusiasts are well catered for.
Registered clients are more than welcome to download the trading platform from SpreadEx directly from the site. Alternatively, you can utilise the web-based browser without the need to download any additional software. One of the best features on the SpreadEx site is the vast selection of customisation options at your fingertips. You can quickly view data in a format that suits your needs and also take advantage of the one-click trading option to access edit orders. In addition, you will also have access to the Price Alert service, allowing you to set up email and text notifications when a price reaches a certain level. The site also comes equipped with a decent selection of training tutorials that are featured within the video trading centre.
In terms of trading tools, you will be pleased to know that SpreadEx offers Force Open Positions, Price Improvements, and Fast Execution Speed. With the Force Open Positions, you can go short and long at the same time by simply selecting ‘Force Open’ within your trade ticket. With Price Improvements, the company takes their prices from a variety of resources, and with Fast Execution Speed, you can ensure that every second is worth your while as SpreadEx was named the ultimate company when it comes to efficient trading. Unfortunately, the site does not offer Meta Trader as a trading tool, but with the above-mentioned features, you will quickly forget that the site doesn’t come equipped with a Meta Trader at all.