Spreadex vs IG Index

Spreadex or IG Index – which is better for UK traders 2025? Compare Spreadex and IG Index in this detailed breakdown of their platforms, features and fees.

Spreadex vs IG Index Comparison Table 2025
Spreadex IG Index
rating empty
rating full
3.5
rating empty
rating full
4.7
Spreadex is ranked #26 among CFD brokers. IG Index is ranked #7 among CFD brokers.
Review
Review
Spreadex, regulated by the FCA, provides spread betting across 10,000+ CFD instruments, including 60 forex pairs. Traders have the option to engage in short-term positions on sporting events as well. With a history exceeding 20 years, the company has earned numerous accolades. Founded in 1974, IG is a part of IG Group Holdings Plc, a publicly listed brokerage (LSE: IGG). The company provides spread betting, CFD, and forex trading, offering access to over 17,000 markets. Its platforms and investing apps are notably user-friendly. Over the past 50 years, IG has consistently been an industry leader, excelling in all essential areas for traders.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Pros
  • Spreadex has added trading signals to its desktop platform, using Autochartist to deliver real-time, pattern-based insights. These insights assist traders in spotting potential opportunities.
  • There is a superb selection of instruments and trading vehicles for short-term traders.
  • Spreadex offers UK traders the chance to earn tax-free profits via spread betting.
  • A unique broker offering access to low market cap stocks on the AIM.
  • There are appealing new account promotions, such as double the odds and matched betting offers.
  • Traders can place wagers on sporting events directly through their brokerage accounts.
  • The broker provides a user-friendly custom charting platform and mobile application.
  • IG stands out with its extensive range of instruments, offering stocks, forex, indices, commodities, and cryptocurrencies. Additionally, it has recently introduced US-listed futures and options, along with an AI Index. These options enhance opportunities for diversification in trading.
  • The web-based platform supports traders at every level, offering advanced charting tools and real-time market data vital for trading. Additionally, IG now includes TradingView integration.
  • The IG app provides an excellent mobile trading experience with an intuitive design, earning it the Runner Up position in our 'Best Trading App' award.
  • As a seasoned broker, IG adheres to stringent regulatory standards across various regions, ensuring significant trust.
  • IG provides a wide range of professional and engaging educational materials, such as webinars, articles, and analyses, tailored for traders.
  • The ProRealTime advanced charting platform remains free, provided traders meet modest monthly activity requirements.
Cons
  • The absence of a demo account may dishearten potential clients wishing to evaluate Spreadex's offerings.
  • Limited customer support may lead to delays in resolving issues.
  • The proprietary terminal does not offer the detailed charting capabilities found in platforms such as MT4 and MT5.
  • There is no support for expert advisors or trading bots.
  • Third-party e-wallets are not permitted.
  • Beginners may find IG's fees complicated, as they vary depending on the trades or services. This could cause confusion and unexpected costs.
  • In the UK and EU, negative balance protection is available. However, US clients lack account protection and guaranteed stop losses.
  • IG has ended its swap-free account, diminishing its attractiveness to Islamic traders.
  • Based on tests, stock and CFD spreads remain less competitive than the lowest-cost brokers, such as CMC Markets.
  • IG imposes a monthly inactivity fee of $12 after two years, discouraging occasional traders.
Awards
  • 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
  • Best Customer Service 2022 - Online Money Awards
  • Best Spread Betting Provider 2022 - Online Money Awards
  • Best Platform for the Active Trader 2022 - ADVFN International Financial Awards
  • Best Multi Platform Provider 2022 - ADVFN International Financial Awards
  • Best Finance App 2022 - ADVFN International Financial Awards
FCA Regulated
Yes Yes
Instruments
Forex, CFDs, Indices, Commodities, Stocks, Crypto, Bonds, Interest Rates, ETFs, Options, Spread Betting CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting
Demo Account
No Yes
Minimum Deposit
£0 $0
Payment Methods
Minimum Trade
£0.01 0.01 Lots
Regulator
FCA FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB, AFM
Mobile Apps
iOS & Android iOS & Android
Trading App
Spreadex offers a top-notch mobile trading app for iOS and Android. It includes advanced charts ranging from 1 tick to 1 month, with over 10 years of historical data. Setting price alerts via the bell icon beside each asset is straightforward, ensuring crucial opportunities aren't missed. Nonetheless, features like the economic calendar and market updates are less integrated as they open in an external browser, slightly detracting from the mobile trading experience. IG provides an excellent trading app. As a mobile trading pioneer, it has evolved over the years into a top-tier app. Expect swift responses, an intuitive interface, comprehensive charting, and dependable performance. Additionally, it includes guaranteed stops, a crucial risk management feature absent in many apps we've evaluated.
iOS App Rating
rating empty
rating full
4.5
rating empty
rating full
4.6
Android App Rating
rating empty
rating full
4.5
rating empty
rating full
4
Margin Trading
Yes Yes
Margin Rate
2.5%
MetaTrader 4
No Yes
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
Yes Yes
Autochartist
Yes Yes
eSignal
No No
Trading Central
No Yes
STP Account
No No
ECN Account
No No
DMA Account
No Yes
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No Yes
Negative Balance Protection
Yes Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
Yes Yes
Auto Trading
No Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime
Copy Trading
No No
Social Trading
No No
Trade Signals
Autochartist Yes
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
Yes Yes
Custodial Account
No No
Guaranteed Stop Loss
No Yes
Inactivity Fee
£0 $12
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • CHF
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • ZAR
  • SEK
  • DKK
  • CHF
  • HKD
  • SGD
Commodities
  • Oil
  • Gold
  • Cocoa
  • Silver
  • Coffee
  • Copper
  • Cotton
  • Platinum
  • Natural Gas
  • Gold
  • Copper
  • Oil
  • Palladium
  • Silver
  • Sugar
  • Coffee
  • Wheat
  • Natural Gas
  • Soybeans
  • Orange Juice
  • Nickel
  • Steel
  • Iron
  • Precious Metals
  • Aluminium
  • Lithium
  • Cannabis
  • Lean Hogs
  • Cattle
CFD
Trade CFDs on Spreadex's extensive range of instruments, offering leverage up to 1:30 and competitive spreads. Although spread betting is their unique selling point, the favourable trading conditions and broad market selection make them an excellent option for CFD trading as well. IG provides over 17,000 CFDs, giving traders more opportunities than most brokers. Investors can trade long or short on key markets such as equities, forex, commodities, and cryptocurrencies. Additionally, customised price alerts and the IG Academy enrich the trading experience.
Leverage
1:30 1:30 (Retail), 1:222 (Pro)
FTSE Spread
1.0 1.0
GBPUSD Spread<
0.9 0.9
Oil Spread
2.8 2.8
Stocks Spread
0.15% 0.02
Forex
Engage in trading across over 60 forex pairs with zero commission and highly competitive spreads starting at 0.6 on major pairs like EUR/USD. This offers a robust selection and excellent pricing for commission-free trades, significantly undercutting industry norms. IG provides an extensive selection of over 80 currency pairs through its own web platform, mobile app, or MetaTrader 4. For advanced charting and forex analysis, the ProRealTime software is available. Testing shows forex spreads are competitive, beginning at 0.1 pips on major pairs such as EUR/USD.
Assets
60+ 80+
GBPUSD Spread
0.9 0.9
EURUSD Spread
0.6 0.8
EURGBP Spread
0.9 0.9
Currency Indices
  • USD
Cryptocurrency
Spreadex provides spread betting on cryptocurrencies such as Bitcoin, Bitcoin Cash, Ether, Litecoin, and Ripple, paired with USD. Traders can engage in leveraged trading of these digital assets via derivative contracts, without the need to own them. IG offers a limited range of 11 crypto CFDs, lagging behind leading brokers such as Vantage, which provides access to over 40 tokens. Nonetheless, IG distinguishes itself with its crypto index, tracking the top 10 digital currencies by market capitalisation. This index offers traders a comprehensive method to speculate on the overall value of the crypto market.
Spread
1 - 140 pips Variable
Coins
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
  • BTC
  • BCH
  • LTC
  • ETH
  • ADA
  • DOT
  • DOGE
  • LINK
  • UNI
  • XLM
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Spreadex IG Index
Review
Review
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
More Comparisons
Spreadex
vs

 IG Index
vs