The spread betting market has seen several big rebrands over the last 12 months with IG Index moving to ‘IG’, Finspreads getting a complete overhaul and Capital Spreads stripping back their design to something far cleaner. Spreadex has followed suit, but this time on a much more modest scale. The site has updated its design to include a mascot amongst other things, and has revamped certain areas of their sports and financial spread betting sections. If you’re not familiar with the spread betting platform, take a look at this brief review:
Spreadex began trading in the year 2000 and have since built a very competitive and successful financial spread betting product. Spreadex has featured in the Sunday Times Profit Track 100 for three years running and are unique in that they are the only company to provide financial and sports spread betting from the same account.
For financial traders, Spreadex offers all the standard markets, FX, Shares, Bonds, ETFs, Commodities, Indies and even Options. However they have carved a niche into the spread betting market as they are one of the few firms to offer a comprehensive small cap stock service, for any firm with a market cap of £1m+. So if you want to trade AIM, Spreadex are the company to look for. Credit is also widely available and margin requirements can be as low as 5% or less (dependent on your own financial circumstances). While this does increase your risk, low margin requirements give you the chance to bet without the need to liquidate your current portfolio.
Spreadex won Best Customer Service in the highly-regarded Investment Trends awards for the last two years. And they have an experienced dealing desk which is only a telephone call away. The company is also much more competitive than they used to be with most spreads being in line with the rest of the industry (view our full market comparison). Their platform is also excellent and is fully-customisable to your requirements with mobile access from the App Store.
Overall Spreadex is at least worth a look. They may be a smaller firm, but they have a competitive offering and know how to look after their clients.