Spreadex is a reputable British-based company that has been serving clients since 1999. Offering a wide range of financial and sports betting services, the platform has garnered a loyal customer base and numerous industry awards. With a focus on innovation and user-friendliness, Spreadex has become a popular choice among professional and novice traders alike. In this article, we provide an in-depth overview of Spreadex, covering its history, offerings, and features that make it stand out in the competitive world of trading and betting.
History and Background
Founded in 1999 by former City dealer Jonathan Hufford, Spreadex initially aimed to make spread betting more accessible to the masses. The company, which began in Dunstable, Bedfordshire, later relocated to St Albans, Hertfordshire, in 2008. Over time, Spreadex expanded its offerings to include online sports betting and financial trading platforms.
The acquisition of extrabet, a sports betting arm of IG Group, in 2011, further bolstered Spreadex's presence in the industry. The company continued to grow with the purchase of bankrupt firm MF Global Spreads' client database in 2012 and rival spread betting firm Cantor Index's non-equities business in 2013.
Spreadex has consistently earned recognition for its innovative products and excellent customer service. Some of its notable accolades include Best Spread Betting Provider at the City of London Wealth Management Awards in 2016, 2018, and 2020, as well as Best Mobile Trading Platform and Best Trading Alerts System at the 2020 ADVFN Awards.
Financial Trading Services
Spreadex offers a comprehensive suite of financial trading services, catering to various investor needs. The platform provides financial spread betting, Contracts for Difference (CFDs), Options, and Exchange-Traded Funds (ETFs) across multiple markets. Clients can access indices, shares, forex, commodities, bonds, cryptocurrencies, and more.
Spread Betting and CFDs
Spread betting and CFD trading are popular choices among traders due to their potential for high returns. Spread betting involves speculating on the price movements of financial instruments, while CFD trading allows investors to profit from the difference in asset prices without owning the underlying asset.
Spreadex provides tight spreads and a wide range of instruments, making it an attractive option for both spread betting and CFD trading. With 72% of retail investors losing money on spread bets and CFDs, it is crucial to understand the risks involved before engaging in these complex trading instruments.
Options and ETFs
In addition to spread betting and CFDs, Spreadex offers Options and ETF trading. Options give investors the right to buy or sell an asset at a specific price within a specified time frame, while ETFs enable trading of a diversified portfolio of stocks, bonds, or commodities.
Spreadex provides a user-friendly platform for trading Options and ETFs, offering a wide selection of instruments and advanced order types to cater to different trading strategies.
Sports Betting Services
Spreadex is also a leading provider of sports betting services, offering both sports spread betting and fixed-odds betting. The platform covers various sports, including football, horse racing, cricket, tennis, and more, allowing clients to place bets on an extensive range of events and markets.
Sports Spread Betting
Sports spread betting involves predicting the outcome of a sports event or specific market, such as the total number of goals in a football match. The platform offers both pre-match and in-play betting options, allowing clients to place bets before an event starts or during the event itself.
Fixed-Odds Betting
Fixed-odds betting is a more traditional form of sports betting, where clients place bets at pre-determined odds. Spreadex offers a comprehensive range of fixed-odds betting markets, including match result, correct score, and various accumulators, among others.
The Spreadex Platform
Spreadex has developed a user-friendly and feature-rich platform that caters to the needs of both financial traders and sports bettors. The platform is accessible through web browsers or mobile apps for iPhone, iPad, and Android devices.
Mobile Trading and Betting Apps
Spreadex's mobile apps have received numerous awards for their advanced charting tools, fast execution, and user-friendly interface. Users can access various features, such as trade via charts, technical indicators, drawing tools, historical price calendars, customizable templates, and more, on both iPhone/iPad and Android apps.
The mobile apps also support advanced order types, including Force Open and Price Tolerance Threshold, as well as offering customizable watchlists and alerts.
Advanced Charting and Trading Tools
Spreadex's platform offers advanced charting capabilities, enabling users to analyze market trends and make informed trading decisions. The charting tools include trade via charts, technical indicators, drawing tools, historical price calendars, tick-by-tick chart intervals, and customizable templates.
Additionally, the platform provides a range of trading tools, such as Price Alerts, Advanced Orders, and Watchlist creation, to help users stay informed and manage their trades effectively.
Account Types and Requirements
Spreadex offers a single account type that allows clients to trade financial instruments and place sports bets from the same account. Opening an account is a straightforward process, requiring users to complete an online application form and undergo a verification process. There are no minimum deposit requirements, and the platform supports GBP, EUR, and USD currencies.
Leverage of up to 1:30 is available for retail traders on major currency pairs, with varying levels of leverage for other instruments. Professional clients can access higher leverage levels, subject to certain conditions.
Regulation and Security
Spreadex is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. The company adheres to strict regulatory requirements, ensuring a secure and transparent trading environment for its clients.
The platform employs robust security measures, including SSL encryption, PIN login, and Touch ID Login, to protect user data and maintain account privacy.
Customer Support and Resources
Spreadex is renowned for its exceptional customer service, having won numerous awards in this area. The company provides 24-hour support from Sunday 21:00 to Friday 21:15 via email, phone, and live chat. Users can also access a wealth of educational resources and market analyses, including an Economic Diary, Chart Analysis, Chart Patterns, Candlestick Patterns, a blog, Weekly Updates, and Market Updates.
Conclusion
Spreadex has established itself as a leading provider of financial trading and sports betting services, offering a user-friendly platform, a wide range of instruments, and a strong track record of customer satisfaction. With its comprehensive offerings, advanced features, and robust security measures, Spreadex is a reliable choice for traders and bettors seeking a versatile and dependable platform.