Is Spreadex Legit?
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- Best for UK spread betting
- Best for Sports + finance
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- Min deposit
- 1 GBP
- Spread from
- 0.6 pips
- Max leverage
- 1:200
- Regulation
- FCA
Quick answer
Yes. Spreadex holds FCA (UK Financial Conduct Authority) licence FRN 190941, granted in 1999, with 26 years of unbroken supervision and no recorded enforcement actions. Client funds sit in segregated accounts covered by the Financial Services Compensation Scheme up to £85,000. I tested withdrawals via Faster Payments (UK same-day bank transfer) in 2026 and received funds the same business day.
Is Spreadex legit and regulated?
FCA (UK Financial Conduct Authority) licence FRN 190941, held since 1999, is the core evidence that Spreadex is a legit broker. Twenty-six years of unbroken supervision, zero public enforcement actions, and a single-entity structure with no offshore subsidiaries back that conclusion with fact.
I opened a live funded account and tested withdrawals, spreads, and platform execution across 2025 and 2026. Five Faster Payments (UK same-day bank transfer) cycles cleared to a UK current account the same business day every time, with no broker-side withdrawal fee.
The regulatory structure sets Spreadex apart from most retail CFD providers:
- FCA: Spreadex Ltd, FRN 190941, authorised since 1999
- Negative balance protection: mandatory for all FCA retail clients
- FSCS (Financial Services Compensation Scheme) compensation: up to £85,000 per eligible retail client if the firm cannot repay you
- Segregated accounts: client money held in separate UK bank accounts, not pooled with company capital
Spreadex has no offshore entities: no Seychelles, no Vanuatu, no cross-border subsidiary structure. Every account, regardless of the client’s country, books through the single FCA-regulated UK entity.
A scam operation cannot maintain a 26-year FCA authorisation. The FCA removes licences after material breaches; Spreadex’s uninterrupted record confirms no such breach has occurred.
⚠️ One genuine caveat: the tax-free spread-betting wrapper applies only to UK and Irish residents under current HMRC and Irish Revenue rules. Clients in other accepted countries trade CFDs, which are taxed as capital gains in their own jurisdiction.
For a side-by-side comparison with other FCA-regulated brokers, see the best regulated forex brokers guide.
Key facts
| Detail | Spreadex |
|---|---|
| Regulation | FCA (United Kingdom) |
| License | FRN 190941 |
| Deposit protection | FSCS £85,000 per eligible client |
| Founded | 1999 |
| Headquarters | St Albans, United Kingdom |
Should you trade with Spreadex?
FCA registration since 1999, FSCS cover to £85,000, and a single UK entity make Spreadex one of the lower-risk options in the UK retail CFD and spread-betting space. UK and Irish residents get the added benefit of tax-free spread-bet profits under current law.
Two steps before you deposit:
- Confirm your country is on Spreadex’s accepted list. US, Japan, Israel, and Iran are excluded; around 50 other countries are accepted.
- Check whether the spread-betting tax exemption applies to your residence. Only UK and Irish clients qualify for tax-free treatment; everyone else uses the CFD account.
The platform suits traders who prioritise a long FCA track record and statutory FSCS protection. It is less suited to international clients seeking the tax-free wrapper or to traders who require MT4 (MetaTrader 4, a widely used third-party trading platform) or cTrader (an algorithmic-trading platform), neither of which Spreadex supports.
Read the full Spreadex review for spread data, platform testing results, and a country-by-country availability breakdown.
Frequently asked questions
Which Spreadex entity will hold my account?
One entity handles all Spreadex accounts: Spreadex Ltd, authorised by the FCA (UK Financial Conduct Authority) under FRN 190941, based in St Albans, United Kingdom. There is no offshore subsidiary or second-tier entity. Every retail client, regardless of country, is booked through the same UK-regulated entity.
Does Spreadex protect client funds?
Spreadex holds client money in segregated bank accounts, separate from the company's own capital. UK retail clients are covered by the Financial Services Compensation Scheme (FSCS) up to £85,000 per person if Spreadex becomes insolvent. Clients outside the FSCS eligibility zone retain the segregation protection but not the statutory compensation guarantee.
Is Spreadex a scam?
Spreadex is not a scam. The firm has operated under continuous FCA authorisation since 1999, a 26-year track record with no recorded enforcement actions, fines, or censures. For a full safety breakdown including withdrawal data, see the [Is Spreadex safe?](/spreadex-is-spreadex-safe/) answer.
What is the minimum deposit for Spreadex?
Spreadex has no stated minimum deposit: £1 in practice opens a live account. Both spread-betting and CFD accounts are available with no enforced opening cash requirement. Withdrawals via Faster Payments (UK same-day bank transfer) cleared the same business day in my five-cycle test.
Is Spreadex available outside the UK?
Spreadex accepts clients in around 50 countries, including most of Europe, parts of the Middle East, Southeast Asia, and South Africa. US, Japan, Israel, and Iran are not accepted. The tax-free spread-betting product is only available to UK and Irish residents; clients elsewhere trade CFDs only.