Spreadex is regulated by the UK’s Financial Conduct Authority (FCA) under registration number 190941, which provides an extra layer of protection for traders. The FCA’s responsibilities include regulating the integrity of financial markets and monitoring companies that provide financial services. This helps to reassure traders that their funds are kept separate from the company’s operating capital and will be safe in the event of any problems at Spreadex. Is Spreadex a Good Broker?
Is Spreadex a Good Broker? An Honest Assessment
In addition to being FCA regulated, Spreadex is also an ISO 9001:2015 certified business and is committed to fair and responsible trading practices. The broker offers a diverse range of financial markets to trade, including indices, shares, forex, commodities, bonds, options, interest rates and cryptocurrencies. The platform is available as a downloadable program or web-based browser, and the interface is highly customizable with advanced charting tools and tick-by-tick intervals.
There are no minimum deposit requirements, and the broker allows traders to go long or short on trades. In addition, profits from spread betting are free of capital gains tax.
The platform supports the use of a range of payment methods, including UK debit cards and online bank transfers. Traders can deposit into their accounts via these methods with no fees, and withdrawals are processed within 2 business days for cards and bank transfers.