Spreadex
UK spread-betting & CFD broker · Est. 1999 · Regulation checked: September 2026
TC RATING
Score in progress
We’ve verified Spreadex’s regulation and record
It is a long-established, FCA-regulated UK broker with genuine client-money protections, but there is one serious, well-documented concern about how it has treated at-risk customers across its gambling and trading arms. We have not yet completed our full 50-point TC Rating.
Risk warning: Spread betting and CFDs are leveraged products and can result in losses. They are not suitable for everyone. Make sure you understand how these products work and the risks involved before trading.
Spreadex at a Glance
| Feature | Details |
|---|---|
| Broker type | UK spread-betting and CFD broker |
| Founded | 1999 |
| Regulation | FCA (FRN 190941) + UK Gambling Commission |
| Products | Spread betting + CFDs, including indices, shares, forex and commodities |
| Platforms | Spreadex platform + TradingView |
| MT4/MT5 | Not available |
| Client money | Segregated at Barclays under CASS |
| Retail loss warning | 61% |
| Inactivity fee | None |
| US clients | Not served |
Spreadex pros and cons
Here are the main strengths and drawbacks to consider:
PROS
CONS
Is Spreadex safe and legit?
Spreadex Limited is a long-established UK company, incorporated in 1999 and authorised and regulated by the Financial Conduct Authority (FCA) under FRN 190941.
For financial trading, Spreadex keeps client money separate under FCA client-money rules and states that spread-betting funds are held in a segregated account with Barclays Bank plc. Its sports and casino betting services are separately licensed by the Gambling Commission.
Both businesses operate under the same legal entity, making the relationship between gambling and financial trading important to understand.
There is also a documented area of concern.
2025 and 2022 Gambling Commission action: The Gambling Commission fined Spreadex £2,022,000 in 2025 for AML and social-responsibility failures, following a £1.36 million penalty in 2022 for similar failures.
Financial Ombudsman Service: Separately, the Financial Ombudsman Service upheld a complaint involving gambling-related harm connected with a customer’s financial trading account.
These records do not mean Spreadex’s FCA-regulated trading service is unauthorised. They do, however, make the link between its gambling andThese records do not mean Spreadex’s FCA-regulated trading service is unauthorised. They do, however, make the link between its gambling and trading businesses an important factor for customers to understand.
Spreadex regulation and FCA protection
Spreadex’s financial trading business is regulated by the FCA, while its betting operations are separately overseen by the Gambling Commission.
Verify Spreadex before you deposit
Customers should still verify the FCA details before depositing.
Regulator Check Table
2 VERIFIED ENTITIES| Region | Entity | Regulator | Reference | Status | Verify |
|---|---|---|---|---|---|
| UK | Spreadex Limited | FCA | FRN 190941 | Authorised and regulated | FCA Register |
| UK | Spreadex Limited | Gambling Commission | Account 8835 | Licensed for betting | GC Register |
How to check: The FCA has published four clone warnings involving the Spreadex brand, so checking FRN 190941 on the FCA Register and using the genuine website is an important safety step.
For financial customers, Spreadex clearly displays a 61% retail loss warning. Crypto derivatives are restricted to professional clients, and no inactivity or dormancy fee was identified. Customers should still verify the FCA details before depositing.
Spreadex fees, spreads and commissions
Spreadex mainly uses spread-based pricing, with additional commissions, overnight funding and currency conversion charges applying in some cases.
| How Spreadex charges | |
|---|---|
| Cost | Details |
| Spreads | Spread-only pricing applies to most markets. |
| Share CFDs | Commission may apply. |
| Overnight funding | Charges can apply to positions held overnight. |
| Currency conversion | Fees may apply when trading in a currency different from the account’s base currency. |
| Cost disclosure | The published cost disclosure reviewed is dated February 2023. |
| Spread betting tax treatment | For UK customers, spread-betting profits are generally free from UK Capital Gains Tax and stamp duty, subject to individual circumstances and changes in tax rules. |
Spreadex account types and minimum deposit
Spreadex offers different account options depending on whether you are a retail trader, an eligible professional client, or using its separate betting services.
Financial trading account
The standard account for retail customers. It can be used for spread betting and CFD trading across the markets offered by Spreadex.
Spreadex Pro
An elective professional account for eligible clients who meet the FCA’s professional-client requirements. Professional clients may receive different trading conditions and protections compared with retail clients.
FCA professional criteria
To qualify, clients generally need to meet at least 2 of 3 FCA criteria: sufficient trading activity, a financial instrument portfolio of more than €500,000, or relevant professional experience in the financial sector.
Sports & casino accounts
Spreadex also offers sports betting and casino products. These are separate betting products under the same Spreadex brand and should not be confused with its financial trading accounts.
Spreadex markets and financial instruments
Spreadex provides access to several major financial markets through its spread betting and CFD services.
Indices
Shares
Forex
Commodities
Bonds and options
Crypto derivatives: Available to professional clients only.
Spreadex trading platforms and TradingView
Spreadex provides its own proprietary platform as well as TradingView, giving traders a choice of trading environments.
Proprietary platform
Spreadex’s own trading platform, available through web, iPad, iPhone and Android. It is the broker’s main in-house trading environment.
TradingView
Provides an alternative interface for traders who prefer the TradingView environment for charting and trading.
MT4/MT5
Not available through Spreadex.
The full depth of the platform features was not verified in this research pass, so traders should try the available platform before deciding whether it suits their trading style.
Spreadex leverage and margin requirements
Spreadex follows FCA leverage restrictions for retail clients, while eligible professional clients may access higher leverage.
| Retail leverage | Subject to FCA regulatory leverage caps. |
| Professional clients | Eligible clients may receive higher leverage than retail customers. |
| Margin and close-out | The Customer Agreement rules reviewed contain provisions on margin and closing positions, but the full agreement was not available in this pass. We therefore do not make a specific claim about a 50% or zero close-out level. |
Spreadex deposits, withdrawals and payment methods
Spreadex provides deposit and withdrawal facilities for financial trading accounts, but the specific payment methods were not detailed in the research pass.
| Payment methods | Specific methods were not verified in this pass. |
| Withdrawals | Available through the broker’s account process; exact processing details were not verified. |
| Inactivity fee | No inactivity or dormancy fee was found. |
| Check before depositing | Review the current account terms for available methods, limits and processing conditions. |
Spreadex customer support
Spreadex provides separate contact channels for its financial trading and sports betting services, with live chat also available through its website.
Financial trading
FINANCIAL TRADING EMAIL
FINANCIAL TRADING ROOM
08000 526 570 (freephone) / 01727 895 151
OVERSEAS
+44 1727 895 151
FINANCIAL TRADING ROOM HOURS
24 hours Monday to Thursday; 00:00-21:15 Friday; closed Saturday; 21:00-00:00 Sunday.
Sports
SPORTS CUSTOMER SERVICES
01727 895 000
SPORTS EMAIL
SPORTS TRADING ROOM
08000 526 575 (freephone) / 01727 895 090
SPORTS CUSTOMER SERVICE HOURS
07:30-22:00 Monday to Saturday and 08:30-22:00 Sunday.
Live chat: Available through the Spreadex website.
The separate channels make it clear whether a customer needs help with financial trading or sports betting.
Spreadex for beginners: Is it suitable?
Spreadex may suit beginners who want to try UK spread betting or CFD trading through an established FCA-regulated broker.
However, these are leveraged products and can result in significant losses. Beginners should understand how spread betting and CFDs work before trading and consider using the platform’s available tools to familiarise themselves with the process.
Who is Spreadex best for?
Spreadex may suit:
Who should avoid Spreadex?
Editor-in-Chief’s Note – Sasitharan Kumar
Spread betting sits in two worlds. It is a leveraged financial product, but legally it is also a bet. Spreadex offers both gambling and financial trading under one login. From experience, that combination needs extra attention, and here the concern is documented that a regulator and the Financial Ombudsman Service both recorded a customer moving between the two areas while showing signs of gambling-related harm. Spreadex is an established FCA-regulated broker, but this is important to understand before funding an account.
Conclusion
Spreadex is a long-established FCA-regulated UK broker with segregated client money and a proprietary platform plus TradingView. However, the Financial Ombudsman Service and Gambling Commission have both documented concerns involving gambling-related harm crossing between its betting and trading services. For traders considering Spreadex, understanding this history is an important part of making an informed decision.
Pro Tip
If you use both betting and trading services with the same provider, set clear limits for yourself. Before depositing, check the FCA Register and confirm FRN 190941, as several clone sites have used the Spreadex brand.
Frequently Asked Questions
1. Is Spreadex a safe and legitimate broker in 2026?
Spreadex is an established UK broker authorised and regulated by the FCA under FRN 190941. Client money is held in segregated accounts, although its wider enforcement history should also be considered.
2. Is Spreadex regulated by the FCA?
Yes, Spreadex Limited is authorised and regulated by the FCA under FRN 190941
3. What are Spreadex’s fees and commissions?
Spreadex mainly uses spread-based pricing. Other trading costs can include share CFD commissions, financing charges and currency conversion costs.
4. What are the spreads at Spreadex?
Spreads vary by market and instrument. Traders should check the current spread shown for the specific market before trading.
5. What is the minimum deposit for Spreadex?
Spreadex does not enforce a fixed minimum deposit. Standard deposit methods are free of charge.
6. What leverage does Spreadex offer?
Retail leverage follows FCA limits, with the exact level depending on the asset. Eligible professional clients may access higher leverage.
7. Does Spreadex support TradingView?
Yes, Spreadex supports TradingView alongside its proprietary trading platform.
8. Does Spreadex offer a demo account?
A demo account was not confirmed in the sources reviewed, so we would not state that Spreadex currently offers one.
9. Does Spreadex charge overnight or financing fees?
Yes, financing charges can apply when rolling positions are held overnight. The amount depends on the market and position.
10. Can beginners trade with Spreadex?
Yes, beginners can apply for an account, but Spreadex requires an appropriateness assessment before trading. Spread betting and CFDs are leveraged products and carry significant risk.
