Tradeview vs Spreadex
Tradeview or Spreadex – which is better for UK traders 2024? Compare Tradeview and Spreadex in this detailed breakdown of their platforms, features and fees.
| Tradeview | Spreadex |
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| Tradeview is ranked #33 among CFD brokers. | Spreadex is ranked #6 among CFD brokers. |
| Tradeview is an offshore forex and CFD broker based in the Cayman Islands and regulated by CIMA. Traders can access over 5000 instruments with a minimum deposit of $100. There are several third-party platforms on offer, including MetaTrader 4 (MT4) and cTrader. | 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. |
| Risk Warning- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% - 89% of retail investors' accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 74-89% of retail CFD accounts lose money. | |
| Pros | |
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| Awards | |
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| FCA Regulated | |
| No | Yes |
| Instruments | |
| Forex, CFDs, indices, shares, commodities, cryptocurrencies | Forex, CFDs, Indices, Commodities, Stocks, Crypto, Bonds, Interest Rates, ETFs, Options, Spread Betting |
| Demo Account | |
| Yes | No |
| Minimum Deposit | |
| $100 | £0 |
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | £0.01 |
| Regulator | |
| CIMA, MFSA | 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. |
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| iOS App Rating | |
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| Android App Rating | |
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| Margin Trading | |
| No | Yes |
| MetaTrader 4 | |
| Yes | No |
| MetaTrader 5 | |
| Yes | No |
| cTrader | |
| Yes | No |
| AlgoTrader | |
| No | No |
| OmniTrader | |
| No | No |
| TradingView | |
| No | Yes |
| Autochartist | |
| No | No |
| eSignal | |
| No | No |
| Trading Central | |
| No | No |
| STP Account | |
| Yes | No |
| ECN Account | |
| Yes | 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 | |
| Yes | No |
| Copy Trading Platform | |
| Choose between manual and automated copy trading at with a range of leading market signals. | |
| Social Trading | |
| Yes | 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 | |
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| Commodities | |
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| CFD | |
| My tests uncovered around 100 CFD products covering forex, indices, commodities and cryptos. Leverage is available up to 1:400 and it’s good to see that scalping, hedging and EA strategies are permitted. | 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 | |
| 1:400 (CIMA), 1:30 (MFSA) | 1:30 |
| FTSE Spread | |
| N/A | 1.0 |
| GBPUSD Spread< | |
| 0.6 | 0.9 |
| Oil Spread | |
| 0.5 | 2.8 |
| Stocks Spread | |
| Variable | 0.15% |
| Forex | |
| I’m happy with Tradeview’s strong range of 60+ currency pairs spanning majors, minors and exotics with competitive spreads from 0 pips in the $1000 ILC account. Traders can choose from several platforms, but I was particularly impressed with the feature-rich Currenex platform which is designed specifically for currency trading. | 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 | |
| 60 | 60+ |
| GBPUSD Spread | |
| 0.6 | 0.9 |
| EURUSD Spread | |
| 0.2 | 0.6 |
| EURGBP Spread | |
| 0.7 | 0.9 |
| Cryptocurrency | |
| I found 5 crypto products at Tradeview: BTCUSD, ETHUSD, LTCUSD, XRPUSD and BTCJPY. Whilst this isn’t the widest range, beginners should have enough opportunities to explore the market. Plus, with STP/ECN execution, traders should be able to access relatively competitive prices. | 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 | |
| From $0.09 | 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 |
| Tradeview | Spreadex |
| Risk Warning- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% - 89% of retail investors' accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 74-89% of retail CFD accounts lose money. | |
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