Risk Warning

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how they work and whether you can afford to take the high risk of losing your money.

Full Analysis

Established in 1999, Spreadex has carved out a unique niche in the industry. It is the only company to offer a comprehensive service for sports fixed odds, sports spread betting, and financial spread betting/CFDs under one roof.

Trading Experience

The platform is robust, offering access to over 10,000 global markets including indices, shares, forex, and commodities. While it lacks the ubiquity of MetaTrader, its proprietary browser-based platform is feature-rich, with variety of technical indicators and drawing tools.

Who is it for?

Spreadex is best suited for UK-based traders who want to maximize their returns through tax-efficient spread betting. It's also perfect for those who enjoy sports betting and want the convenience of managing both portfolios in a single login.

What Matches Your Trading Style?

CFDs vs Spread Betting

Both are ways to trade price movements without owning the underlying asset. Both use leverage (so you can win or lose big with a small deposit). The main difference is how they are structured:

CFDs: You buy "contracts". 1 contract might equal 1 share. It feels like traditional trading. You usually pay Capital Gains Tax on profits.
Spread Betting: You bet a certain amount per point of movement (e.g., £1 per point). In the UK, profits are currently tax-free.

Which is better? Spread Betting is often cheaper for UK traders due to the tax benefit. CFDs are the global standard and often have more professional platforms (Direct Market Access).

Pros & Cons

Pros

Dual Account: Access financial markets and sports betting in one place.
Tax Efficient: Spread betting profits are tax-free in the UK (CGT exempt).
Regulation: Securely regulated by both the FCA and Gambling Commission.
User-Friendly: Intuitive proprietary platform with advanced charting.

Cons

Proprietary Only: No MT4 or MT5 support.
No Demo: Lacks a practice account for beginners.
Learning Curve: Unique interface layout may take time to master.

Best For

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UK Residents

Take full advantage of UK tax laws with spread betting, meaning no Capital Gains Tax or Stamp Duty on profits.

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Sports Fans

The only platform that lets you hedge your portfolio with a bet on the Premier League from the same wallet.

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Mobile Traders

An award-winning mobile app that makes trading on the go simple, fast, and secure.

Rating Breakdown

Platform Usability 8.5/10

Market Range 9.5/10

Customer Service 9.0/10

Research Tools 8.0/10

Spreadex Review 2026