ZacksTrade vs Spreadex

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

ZacksTrade vs Spreadex Comparison Table 2025
ZacksTrade Spreadex
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3.9
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3.5
ZacksTrade is ranked #78 among UK brokers. Spreadex is ranked #26 among CFD brokers.
Review
Review
Zacks Trade, a US broker under FINRA regulation, provides trading services for stocks, ETFs, cryptocurrencies, bonds, and more via a bespoke terminal. Targeting active traders, it offers competitive fees across most assets. Additionally, clients benefit from an app and extensive market data access. 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.
Pros
  • A demo account is a simulated trading environment allowing traders to practice and refine strategies without using real money. This risk-free platform provides an opportunity to familiarise oneself with market operations and trading tools. It’s ideal for newcomers seeking to gain experience or seasoned traders testing new tactics. Offering a realistic trading experience, it supports better decision-making, ultimately enhancing one’s trading competence.
  • Here's a revised version: Utilising over 20 distinct account currency options, traders benefit greatly from flexible trading conditions. Even newcomers can take advantage of these features. With a range of denominations available, every trader finds a setup suited to their needs.
  • Thorough analysis and information
  • Bespoke trading platform and mobile application
  • Authorised by FINRA, with access to the Securities Investor Protection Corporation.
  • 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.
  • A wide array of signals, analytical tools, and risk management options, such as guaranteed stops, is available.
  • The broker provides a user-friendly custom charting platform and mobile application.
Cons
  • No integration with MT4 or MT5 platforms. Replace 'day trading' with 'trading' and 'day trader' with 'trader' in your communication. Use concise, professional finance terms and vary sentence structures for clarity and ease of reading.
  • Minimum requirement set at £2,500.
  • Please refrain from engaging in trading activities related to forex, commodities, or futures. Use your expertise to focus on market opportunities that align more closely with your professional goals and trading strategy. Diversify your portfolio prudently and consider the long-term implications of each investment. By prioritising calculated decisions, you can effectively grow your assets while mitigating unnecessary risks.
  • Withdrawal fees are incurred for multiple fund removals within a month.
  • Platform loading delays and technical issues.
  • 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.
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
FCA Regulated
No

List of FCA Regulated Brokers

Yes
Instruments
Stocks, ETFs, Cryptos, Options, Bonds Forex, CFDs, Indices, Commodities, Stocks, Crypto, Bonds, Interest Rates, ETFs, Options, Spread Betting
Demo Account
Yes No
Minimum Deposit
$2500 £0
Payment Methods
Minimum Trade
$3 £0.01
Regulator
FINRA FCA
Mobile Apps
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.
iOS App Rating
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rating full
5
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4.5
Android App Rating
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rating full
3.7
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4.5
Margin Trading
Yes Yes
Margin Rate
3.56
MetaTrader 4
No No
MetaTrader 5
No 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
Yes 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 (algos) No
Copy Trading
No No
Social Trading
No No
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
Yes Yes
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$15 £0
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • INR
  • JPY
  • ZAR
  • TRY
  • SEK
  • NOK
  • DKK
  • CHF
  • HKD
  • SGD
  • RUB
  • PLN
  • CZK
  • HUF
  • USD
  • EUR
  • GBP
  • CAD
  • CHF
Commodities
  • Oil
  • Gold
  • Cocoa
  • Silver
  • Coffee
  • Copper
  • Cotton
  • Platinum
  • Natural Gas
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.
Leverage
1:30
FTSE Spread
1.0
GBPUSD Spread<
0.9
Oil Spread
2.8
Stocks Spread
$0.01 per share ($1 minimum) 0.15%
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.
Assets
60+
GBPUSD Spread
0.9
EURUSD Spread
0.6
EURGBP Spread
0.9
Cryptocurrency
Clients can trade a select few cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. Real-time quotes are provided, and the fees are competitive. If trading volumes are significant, commissions further decrease. 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.
Spread
0.18% fee per trade 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
ZacksTrade Spreadex
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