KLMFX vs Spreadex

KLMFX or Spreadex – which is better for UK traders 2024? Compare KLMFX and Spreadex in this detailed breakdown of their platforms, features and fees.

KLMFX vs Spreadex Comparison Table 2024
KLMFX Spreadex
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3.5
KLMFX is ranked #97 among CFD brokers. Spreadex is ranked #6 among CFD brokers.
Review
Review
KLMFX offers traditional assets and markets on the MetaTrader 5 platform. Spreadex is an FCA-regulated broker that offers spread betting opportunities on an impressive 10,000+ CFD instruments including 60 forex pairs. Traders can also take short-term positions on sporting events. The brand has been around for over 20 years and has won multiple awards.
Pros
  • There's an excellent range of instruments and trading vehicles for short-term traders
  • Spreadex gives UK traders the opportunity to make tax-free profits through spread betting
  • A rare broker that provides access to lower market cap stocks traded on the AIM
  • There are some attractive new account promotions, including double the odds and matched betting offers
  • Traders have the opportunity to bet on sports events from their brokerage account
  • There's a good selection of signals, analysis tools and risk management tools, including guaranteed stops
  • The broker offers an easy-to-use proprietary charting platform and mobile app
Cons
  • The lack of a demo account will frustrate prospective clients who want to test Spreadex's services
  • The limited customer service can make it time-consuming to troubleshoot problems
  • The proprietary terminal lacks comprehensive charting features of platforms like MT4 and MT5
  • There's no support for expert advisors or other trading bots
  • No third-party e-wallets are accepted
Awards
  • Best Broker for Experience and Technology 2015
  • Best Broker for Customer Service 2015
  • Best Broker for Analysis and Reports 2014
  • Best Spread Betting Provider - 2020 COLWMA Awards
  • Best Mobile Trading Platform - 2020 ADVFN Awards
  • Best Trading Alerts System - 2020 ADVFN Awards
  • Best Spread Betting Provider - 2019 GMG Awards
FCA Regulated
No

List of FCA Regulated Brokers

Yes
Instruments
Forex, stocks, indices, commodities Forex, CFDs, Indices, Commodities, Stocks, Crypto, Bonds, Interest Rates, ETFs, Options, Spread Betting
Demo Account
Yes No
Minimum Deposit
$250 £0
Payment Methods
Minimum Trade
0.01 Lots £0.01
Regulator
FCA
Mobile Apps
Yes iOS & Android
Trading App

Spreadex delivers a first-rate mobile trading app on iOS and Android, featuring sophisticated charts with intervals from 1 tick to 1 month and 10+ years of historical data. Price alerts are also easy to set up using the bell icon next to each asset, ensuring you don’t miss opportunities. However, integration of features like the economic calendar and market updates could be improved, as they redirect you to an external browser, dampening the mobile trading experience.
iOS App Rating
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4.5
Android App Rating
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4.5
Margin Trading
No Yes
MetaTrader 4
No No
MetaTrader 5
Yes No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No Yes
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Auto Trading
Yes No
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No Yes
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
£0
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • CHF
Commodities
  • Gold
  • Silver
  • Oil
  • Gold
  • Cocoa
  • Silver
  • Coffee
  • Copper
  • Cotton
  • Platinum
  • Natural Gas
CFD
CFD products with 1:800 leverage is offered. Trade CFDs on Spreadex's diverse list of instruments with leverage up to 1:30 and highly competitive spreads. While this broker's USP is spread betting, the excellent trading terms and range of markets makes it an equally good choice for CFD trading.
Leverage
1:800 1:30
FTSE Spread
1.2 1.0
GBPUSD Spread<
2.4 0.9
Oil Spread
0.3 2.8
Stocks Spread
Variable 0.15%
Forex
KLMFX offers online currency trading on majors, minors and exotics. Trade on 60+ forex pairs with no commission and competitively tight spreads from 0.6 on major pairs such as EUR/USD. This is a good selection of forex pairs and excellent pricing for commission-free trading, well below the industry average.
Assets
44 60+
GBPUSD Spread
2.4 0.9
EURUSD Spread
1.5 0.6
EURGBP Spread
2.5 0.9
Cryptocurrency
Spreadex offers spread betting on Bitcoin, Bitcoin Cash, Ether, Litecoin and Ripple in pairs with USD, allowing traders to make leveraged bets on crypto price movements through a derivative contract without owning the digital assets.
Spread
1 - 140 pips
Coins
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
KLMFX Spreadex
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