TP Global FX vs Spreadex
TP Global FX or Spreadex – which is better for UK traders 2024? Compare TP Global FX and Spreadex in this detailed breakdown of their platforms, features and fees.
| TP Global FX | Spreadex |
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| TP Global FX is ranked #97 among CFD brokers. | Spreadex is ranked #6 among CFD brokers. |
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TP Global FX has closed or no longer accepts UK clients.
TP Global FX is an offshore broker with a strong focus on education and technical analysis tools. It offers STP pricing and up to 1:500 leverage on 50+ forex pairs and a smaller range of stocks, indices, commodities and cryptocurrencies. The broker supports the MetaTrader 4 and MetaTrader 5 platforms and offers additional services including copy trading and an informative daily blog. |
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. |
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| FCA Regulated | |
| No | Yes |
| Instruments | |
| Forex, CFDs, indices, commodities, cryptocurrencies | Forex, CFDs, Indices, Commodities, Stocks, Crypto, Bonds, Interest Rates, ETFs, Options, Spread Betting |
| Demo Account | |
| Yes | No |
| Minimum Deposit | |
| $200 | £0 |
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | £0.01 |
| Regulator | |
| SVGFSA, VFSC, CAMA | FCA |
| Mobile Apps | |
| Yes (iOS & Android) | 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. |
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| Android App Rating | |
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| Margin Trading | |
| Yes | Yes |
| MetaTrader 4 | |
| Yes | 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 | |
| Yes | No |
| STP Account | |
| Yes | 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 | |
| Yes | Yes |
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | No |
| Copy Trading | |
| Yes | No |
| Copy Trading Platform | |
| Follow and copy multiple professional traders using performance analytics and market signals at TP Global FX. | |
| Social Trading | |
| Yes | No |
| Trade Signals | |
| Yes | |
| VPS Hosting | |
| No | No |
| Tournaments | |
| Yes | 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 | |
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| Commodities | |
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| CFD | |
| TP Global FX clients can trade CFDs on forex as well as around 12 stocks, 12 indices, five cryptocurrencies and commodities including gold, silver oil and gas. CFDs trade with up to 1:500 leverage on the hugely popular and reliable MT4 and MT5 platforms. | 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 | |
| 1:500 | 1:30 |
| FTSE Spread | |
| Not offered | 1.0 |
| GBPUSD Spread< | |
| From 0.2 pips | 0.9 |
| Oil Spread | |
| From 0.2 pips | 2.8 |
| Stocks Spread | |
| From 0.2 points | 0.15% |
| Forex | |
| TP Global FX offers trading on 50+ forex pairs with a good selection of minors and exotics as well as the majors. The broker offers fast 30ms execution speeds with a Straight-Through Processing system. Very tight spreads starting from 0.2 are available on pro accounts, while standard commission-free account spreads start from 1.2. | 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 | |
| 50+ | 60+ |
| GBPUSD Spread | |
| From 0.2 pips | 0.9 |
| EURUSD Spread | |
| From 0.2 pips | 0.6 |
| EURGBP Spread | |
| From 0.2 pips | 0.9 |
| Cryptocurrency | |
| TP Global FX offers CFDs on five cryptocurrencies paired with USD. Spreads are lower than many alternatives and users can trade crypto 24/7 without interruption. | 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 | |
| Variable | 1 - 140 pips |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| TP Global FX | Spreadex |
| More Comparisons | |
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TP Global FX vs |
Spreadex vs |