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Spreadex are a nice old school spread betting broker located just outside London. They tend to cater for more professional traders who value customer service above pricing.
As well as financial spread betting Spreadex also offer sport spread betting, fixed odds betting and binary betting.
So if you’re looking for a one stop shop to take care of your trading and gambling needs Spreadex may fit the bill. They’ve been around since the 1990’s and have won a plethora of awards, most recently the Wealth and Financial International, Alternative Investment Awards 2016 (Best Spread Betting Provider – winner) and City of London Wealth Management Awards 2016 (Best Spread Betting Provider – winner). Which is nice.
You’ll also find some excellent spread betting welcome offers for new clients, like iPads, Sonos, 5% profit top ups and so on. Check out their promotions on their website for more info.
Spreadex spreads are pretty competitive, as will all brokers check the website for up to date pricing.
Market range is the best around.
OK, so the spreads are not quite as tight as they should be, the charting is rubbish and the platform doesn’t look like it’s had an upgrade in about a million years. But and this is a big butt (if you like them) their market range is superb. They take bets on some very small cap stocks and will try and accommodate most trading requests. It’s all part of how they win business. Provide superior service and clients will be loyal. Plus, what difference does a trading platform make anyway. You make your decision to buy or sell elsewhere, they you buy and sell. Simplicity is best really.
Index spreads are competitive enough, and if you want to trade a smaller stock it’s really no more difficult for a broker to do this than to go into the market buy the stock and write a spread bet around it for you.
So why don’t other spread betting brokers offer this? Well probably there isn’t actually that much revenue to be made from it so they can’t be bothered. Whereas Spreadex can, and that’s why I like them.
- Good reputation for customer service
- Wide market coverage
- New trading platform with advanced charting
- Relatively small broker
- No client sentiment data
You can trade the FOOTSIE (yes I know it’s FTSE)
One massive bonus is that Spreadex offer sports spread betting. This is basically spread betting on sports instead of financial markets and is by far one of the best (in my opinion) ways to gamble. It’s like trading during a horse race. And you win or lose relative amounts based on how right or wrong you are.
It’s a bit of a pain having multiple accounts for trading and gambling so the ability to have a flutter on the ponies in the same account is a bonus.. They also have a casino and fixed betting section.
I applaud them for absolutely having now qualms about the fact that spread betting is high risk gambling.
How’s the trading platform?
Spreadex’s fully-customisable, in-house built platform offers a multitude of features for both professional traders and those new to dealing on the markets.
Some of the trading tools include:
Force Open Positions: Go long and short the same market at the same time by ticking ‘Force Open’ on the trade ticket.
One-click Dealing: Turn on One-click dealing to execute your trades more quickly.
Trading Out Of Hours: Trade markets out of hours to react instantly to breaking market news.
Fast Execution Speed: our platform has been named Best for Efficiency of Taking Trades in the Investment Trends UK Leveraged Trading Awards.
Price Improvements: Our prices come from a wide range of sources to give you the best price available. If a price moves after you click to trade, you will never be filled at a worse level.
MOBILE & TABLET APPS
- Open, close, edit trades, monitor positions
- Access our full charting suite
- Add or edit Orders or Limits
- Set Watchlists
- Deposit funds
- View your trading history
A reliable and professional charting platform is vital to assist your trading. Recently it has been upgraded considerably with proprietary charts and they have lots of clever features such as candlestick pattern recognition, automated trend lines, trade via charts plus loads of technical indicators.
Spreadex’s proprietary charts include:
- Historical data going back more than 10 years
- Wide range of easy-to-add and simple-to-edit indicators
- High, low, change and % change displayed for the current trading day and the period shown
- Ability to save and edit templates
- Pinch to zoom in/out/rescale (mobile and tablet)
Spreadex Ltd is authorised and regulated by the Financial Conduct Authority. You can see their entry on the FCA register here.
Do you know what I think of when I compare Spreadex to other spread betting brokers? It’s a 2007 Bentley.
Why? Well, Bentleys are a gentleman’s car. Unlike IG and CMC Markets with their flash Ferrari’esque charting tools, sentiment indicators and razor like spreads. Spreadex, gently plods along in the delightful town of St Albans providing a discerning service to a loyal set of well heeled customers.
I’ve always liked Spreadex, they just seem a little more relaxed and personal than the bigger brokers.
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