Spreadex
SpreadEx was originally founded in 1999 by Jonathan Hufford, a City dealer. Today it is a very widely used platform that offers both financal spread betting and sports spread betting. According to SpreadEx, they have become the preferred choice of over 10% of the UK's spread bettors.
The latest trading platform was first launched in May 2007 and a full range of charting tools are available courtesy of IT Finance. The platform is very easy to use although one small disadvantage is the inability to place stops at the time of placing the bet.
No demo account is offered but a training manual is available.
The account can set up in Sterling, Euros or Dollars.
SpreadEx does not offer 24 hour trading.
Minimum stakes are £1 per point. SpreadEx also takes phone bets but the minimum stakes tend to be slightly higher on these
Rolling trades are not closed each day and accounts are debited or credited an overnight charge depending on the instrument. For UK indices, for example, the charge is 1 x the stake per point. This system is generally preferable to those that close rolling positions at the end of each day and reopen them the next.
Credit is available on an individually assessed basis. Spread betting using credit is not recommended. The general guidance is always to only ever bet with funds that you can afford to lose. This gives protection against the worst case scenario.
A good introductory offer is available and will be credited automatically once the qualifying criteria are met.
| SpreadEx |  |
| FSA Registered | Yes |
| 24 Hour Trading | No |
| Automatic Stops Applied | No |
| Stops Available | Yes |
| Guaranteed Stops | On some |
| Credit Available | Yes |
| Demo Account | No |
| Accepts Overseas Customers | Yes |
| Introductory Offer | No |
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