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Spreadex Fees and Spreads

Spreadex Fees and Spreads

 

Overall Rating

4.3/5

Rated #523 of 
Recommended FX Brokers

💰Minimum Deposit

USD 1

🌐 Regulators

FCA

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

60

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Spreadex spread and commission fees start from US Dollar 0.00 with spreads from 0.6 pips. Spreadex does not document any, account deposits and withdrawal fees.

Finding a reputable list about Spreadex Fees and Spreads local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth Fees and Spreads review regarding this regulated Forex Company, which will assist traders and allow traders to invest in their currency.

 

Fees and Spreads

 

Spreadex spreads on FX offer greater value for trading foreign exchange. E.g., you can trade EUR/USD from a 0.6 spread and GBP/USD from a 0.9 spread.

Fees, spreads, and commissions mentioned on the company spread list that traders can expect when trading with Spreadex is as follows:

Spreadex has low forex fees and low stock CFD fees, and it charges no inactivity fee. However, stock index CFD fees are high. With individual accounts the fees are built into the spread; the spread cost is 0.6 points during peak trading hours.

 

Additional Trading Fees

 

When trading financial instruments such as forex, traders can expect that overnight fees, or swap fees may be charged when positions are held for longer than a trading day.

Spreadex makes no provision for an Islamic Account for Muslim traders who follow the Sharia Law, and thus prohibited from earning or paying interest where the holding of open positions is concerned.

With Spreadex spread betting is allowed and spread betting fees could apply.

 

Overall Rating

4.3/5

Rated #523 of 
Recommended FX Brokers

💰Minimum Deposit

USD 1

🌐 Regulators

FCA

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

60

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Broker Fees

Spreadex’s fees are low in general. They either do not charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This means that you can use Spreadex even in case you trade frequently like multiple times a week or daily.

Traders also need to ensure that they verify additional charges which may be waived by their financial institution. In addition, traders may be subjected to currency conversion fees should they transfer fees in a currency which is different from their account base currency.

There are no further hidden fees like deposit fees or withdrawal fees at Spreadex.

 

Pros and Cons

✔️ PROS ❌ CONS
Financial Conduct Authority (FCA) regulated No demo account for traders to practice with
High leverage available for professionals Only one account type provided
Spread betting allowed No option of an Islamic Account for Muslim Traders
Low forex fees and low stock CFD fees
No inactivity fee

 

You might also like: Spreadex Minimum Deposit

You might also like: Spreadex Demo Account

You might also like: Spreadex Sign up Bonus

You might also like: Spreadex Account types

 

FAQ’s

 

How many instruments can I trade with Spreadex?

You can trade several different instruments with Spreadex, which include the following:

  • CFD
  • Forex
  • Crypto
  • Stocks
  • Spread betting

 

Which platforms are supported by Spreadex?

Spreadex provides the following trading platforms:

  • The Spreadex proprietary platform

 

Does Spreadex offer leverage?

Yes, Spreadex offers maximum leverage of up to 1:30 for major currency pairs and lower for other instruments in line with FCA and ESMA guidelines. Professionals may access leverage ratios of up to 500:1.

 

What spreads can I expect with Spreadex?

Spreadex offers trade on the EUR/USD from 0.6 pips.

 

Does Spreadex charge commission?

No.

 

Are there additional charges on the Islamic account?

Some brokers charge extra fees on Islamic accounts – are either in wider spreads, additional commissions, or administration fees to make up for money that they lose with not charging overnight fees.

New Islamic traders should enquire about these special conditions or extra fees before joining, because it is often overlooked or not indicated on the account features pages.

 

Is Spreadex regulated and by whom?

 

Spreadex is regulated by the Financial Conduct Authority (FCA) in the United Kingdom.

 

Is Spreadex a recommended forex trading broker for experts and beginners?

Spreadex offers the best trading environment for most types of traders.

 

What is the overall rating out of 10 for Spreadex?

7/10.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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