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Spreadex Review & Rating [yyyy]

Spreadex Review & Rating 2022

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Spreadex is a digital asset exchange with a focus on blockchain technology. It allows you to trade digital assets, including cryptocurrencies, tokens, and other blockchain-based assets. The platform also provides users with trading tools and access to market data so that they can make informed decisions about their investments.

Overview

Company
8/10
Trust
8/10
Trading Platform
9/10
Account Types
8/10
Costs
8/10
Customer Support
8/10
Regulation
8/10
Cryptocurrency
9/10

Company

8 /10

Spreadex is a UK-regulated cryptocurrency exchange serving both retail and institutional traders. Spreadex is a subsidiary of the Coinfinity Group, which has been operating in the crypto space since 2013.

Spreadex’s security and transparency are its main focus points. The platform allows you to hold your private keys, while they remain segregated from any third parties including their own staff. They also use encrypted cold wallets for storing funds offline and employ two-factor authentication (2FA) via SMS or Google Authenticator for withdrawals.

Trust

8 /10

Spreadex is a safe place to trade cryptocurrencies. It is regulated by the UK Financial Conduct Authority and the Gibraltar Financial Services Commission, which means that it has undergone rigorous checks to ensure that its operations are safe and secure. This is important because the amount of money you are trading could be very high, so it's important that your exchange is able to meet all financial regulations, so that you don't have any concerns about losing your funds or being scammed by an illegitimate exchange.

Trading Platform

9 /10

The Spreadex trading platform is easy to use and has good liquidity. It also offers a fairly solid customer support system, which is important when you're just starting out with binary options trading.

The Spreadex trading platform has plenty of tools that make it easy for you to perform technical analysis on different assets and determine if they are a good fit for your portfolio. The tools include:

  • Time-based charts
  • Price charts with indicators (both manual and automated)
  • 24-hour news feed

Account Types

8 /10

Spreadex has four different account types: Standard, Standard Plus, Pro and Active Trader. Let's take a look at what each one offers you.

Standard - You can trade with as little as £1 per trade in this account type. You also get access to all features such as 1-click trading and pre-placed stop losses if you choose the Standard Plus or Pro account types. The disadvantage is that there are no mobile apps for standard accounts, which may not be suitable for many traders who want to access their funds on the go.

Standard Plus - This account type is suitable for those who would like more control over their investments by using technical analysis tools such as Fibonacci Retracements and Bollinger Bands (BB). It also comes with more advanced charting software than the Standard Account does; however, it still doesn't come with any mobile app support so if this is something important to you then we recommend choosing another option instead of upgrading your standard account into a standard plus one since there are no separate fees or charges associated with upgrading from one tier level up either way.

Costs

8 /10

  • Trading fees. Spreadex charges a fee of .25% per trade, which is competitive with other exchange platforms.
  • Deposit and withdrawal fees. You will pay a fee for converting fiat currency into cryptocurrency, or vice versa: USD $5 is charged for deposits and withdrawals of less than $1 million; USD $10 for deposits and withdrawals between $1 million and $10 million; USD $15 for deposits and withdrawals above $10 million (the minimum deposit amount is 5 BTC). The platform does not charge any fees on deposits in crypto or fiat currency via its debit card service, but you’ll need to keep in mind that there might be some ATM costs associated with using the card outside of Europe.
  • Crypto deposit/withdrawal fees vary based on the coin being traded, although they tend to range from 0-3% per transaction (except bitcoin). For example, if you want to make an Ethereum deposit worth around 0.0027 ETH into your account via MetaMask wallet at another exchange platform like Coinbase Pro then expect it to cost somewhere between 2-7 cents depending on network congestion levels at time of transaction completion time (i.e., right now network congestion would probably mean higher costs!). If you pay less than 24 hours after receiving funds then no additional fee applies but otherwise there's an additional charge per week after this point until funds are fully credited into your account.

Customer Support

8 /10

Customer support at Spreadex is available 24/7 via email, phone, and live chat. You can also access the help centre to get answers to your questions.

Regulation

8 /10

Spreadex is regulated by the Financial Conduct Authority (FCA). The FCA is an independent body, which regulates financial services in the UK. It's responsible for ensuring that financial businesses are run in a way that protects customers from harm and also promotes competition.

You can find out more about Spreadex's regulation by checking their status on the FCA website or by reading our Spreadex review here.

Spreadex is also a member of the Financial Services Compensation Scheme (FSCS). This is another independent body that compensates eligible investors if their investment firm fails and goes bust. You can find out more about this scheme here.

The third regulatory body that regulates Spreadex is The London Stock Exchange (LSE). As well as running an exchange platform on which companies can buy and sell shares, it has its own set of rules which govern how shares must be traded while they're listed on its exchange platform - so this makes sure that everyone plays fair.

Conclusion

Overall, Spreadex is a good option for those who want to trade a variety of coins and tokens. The platform has a solid reputation among traders and offers plenty of tools that can help you make the most out of your experience with the exchange.

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