Written by ForexBrokers.com
In this head to head comparison of FOREX.com vs Spreadex, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor 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.
FOREX.com and Spreadex both launched in 1999, offering years of experience in the online trading industry. While neither is a bank, FOREX.com stands out as a publicly traded company, enhancing its transparency. Conversely, Spreadex remains privately held. Their reputations differ significantly; FOREX.com holds an impressive rating of 99 on ForexBrokers.com's Trust Score, categorizing it as highly trusted. In contrast, Spreadex's score sits at 71, indicating an average risk level for traders.
When it comes to regulatory credibility, FOREX.com holds an upper hand with seven Tier-1 licenses, which are highly trusted, along with one Tier-2 licensed marked as trusted by ForexBrokers.com standards. Spreadex, however, holds just a single Tier-1 license and no Tier-2 licenses. This difference in regulatory accreditation and trust clearly positions FOREX.com as a more secure choice for traders seeking a reliable online broker.
| Feature |
FOREX.com
|
Spreadex
|
|---|---|---|
| Year Founded | 1999 | 1999 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing FOREX.com and Spreadex on commissions and fees, it's clear that both brokers offer distinct pricing structures suited to different trading styles. FOREX.com provides multiple account types and execution methods, making it a popular choice among market maker brokers. However, it tends to be slightly more expensive than the industry average for U.S. traders, with average spreads of 1.4 pips for EUR/USD as of July 2023. Globally, FOREX.com’s recently introduced RAW Spread account offers competitive spreads starting at 0.13 pips, supported by a commission structure that rewards high-volume trading with rebates.
In contrast, Spreadex offers simpler pricing, with average spreads at 0.81 pips for EUR/USD as of January 2024 and achieving minimum spreads of 0.6 pips 60% of the time. While FOREX.com has a rating of 4.5 stars for commissions and fees, ranking #13 out of 62 brokers, Spreadex follows closely with a 4-star rating and is ranked #30. Spreadex’s straightforward approach, with less focus on variable commissions, may appeal to traders prioritizing simplicity over advanced trading discounts.
Overall, FOREX.com is better suited for traders who can benefit from its extensive execution options and are involved in high-volume trading to make the most of its tiered rebates. Meanwhile, Spreadex might be ideal for those who prefer predictable pricing without additional complexity. Both brokers have their strengths, but your choice should align with your trading needs and volume.
| Feature |
FOREX.com
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | 1.4 | 0.81 |
| All-in Cost EUR/USD - Active | 0.9 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the online brokers FOREX.com and Spreadex, both offer forex trading either as CFDs or spot contracts. However, an observable difference is in the total number of tradeable symbols. FOREX.com provides its users with access to 5,500 symbols, whereas Spreadex offers a noteworthy 10,000 symbols. In terms of forex pairs, FOREX.com leads with 91 pairs compared to Spreadex's 52, catering to traders who are heavily focused on or interested in forex markets.
Both platforms do not offer direct trading in U.S. or international exchange-traded securities, such as shares like Apple or Vodafone, nor do they support actual cryptocurrency purchases—they only offer cryptocurrency derivatives. Additionally, neither broker supports copy trading features. When rated by ForexBrokers.com for their range of investments, both brokers score highly with 5 stars, but FOREX.com ranks at #7 while Spreadex comes in at #13 out of 62 brokers, reflecting a slightly higher standing for FOREX.com in this category.
| Feature |
FOREX.com
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 10000 |
| Forex Pairs (Total) | 91 | 52 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | No | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools offered by FOREX.com and Spreadex, several distinctions emerge, each catering to different trader needs. FOREX.com shines with its comprehensive platform offerings, including a proprietary platform, a Windows-based desktop application, and web-based access. It further enhances trader experience with popular platforms like MetaTrader 4 and MetaTrader 5, providing a wide range of technical features. FOREX.com stands out with 239 drawing tools for charting and allows traders to operate directly from stock charts. A major advantage for beginners is the availability of a simulated trading environment, or a free virtual demo account, which Spreadex lacks.
Spreadex, while also providing a proprietary web-based platform that allows trading from stock charts, offers fewer customization options than FOREX.com. With only 11 drawing tools and an eight-column setup for watch lists, it may cater more to traders who prefer simplicity over extensive features. Though rated four stars and ranked #46 in the Trading Platforms and Tools category by ForexBrokers.com, Spreadex still provides a quality trading experience. Ultimately, FOREX.com's platform is rated five stars and holds a substantial #7 rank, making it a strong contender for traders seeking extensive functionality and a robust array of trading tools.
| Feature |
FOREX.com
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 88 | 55 |
| Charting - Drawing Tools (Total) | 239 | 11 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 20 | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both FOREX.com and Spreadex provide options for iPhone and Android users. You can stay on top of market movements with both apps offering stock and forex price alerts and the functionality to create watchlists with real-time quotes. Additionally, each app allows users to draw trendlines and view charts in multiple time frames like daily, weekly, or intraday. However, there's a notable difference in the synchronicity of watchlist features; while FOREX.com allows users’ watchlists to sync with their online account, Spreadex does not offer this feature.
Charting enthusiasts will find FOREX.com adds more value, boasting 88 technical studies for in-depth analysis, whereas Spreadex doesn’t specify a number. Moreover, FOREX.com saves your chart drawings automatically, offering a streamlined experience for traders on the go, unlike Spreadex, where this feature is absent. These differences likely contribute to FOREX.com’s superior user rating of 5 stars and a ranking of #3 out of 62 brokers on ForexBrokers.com for mobile trading apps, compared to Spreadex’s 4-star rating and #49 position. Both platforms deliver essential functionalities, but FOREX.com slightly edges out in features and user satisfaction.
| Feature |
FOREX.com
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 88 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research offerings, both FOREX.com and Spreadex provide daily market commentary and deliver forex news from leading sources like Bloomberg, Reuters, and Dow Jones. For traders seeking tools for technical analysis, FOREX.com has a clear edge by offering services from Trading Central, which Spreadex does not. However, both platforms lack tools from Autochartist and Acuity Trading, and neither provides market research from TipRanks.
Additionally, both brokers have sentiment-based trading tools to give insights into long or short positions across various instruments and maintain an economic calendar for tracking global news events. In terms of research quality, FOREX.com holds a notable lead with a 4.5-star rating and ranks 9th out of 62 brokers, whereas Spreadex garners a 4-star rating and ranks 31st. This makes FOREX.com a more highly-regarded choice for comprehensive market research.
| Feature |
FOREX.com
|
Spreadex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing FOREX.com to Spreadex in terms of educational resources for beginners, both online brokers provide a substantial amount of materials to help new traders learn about forex and CFDs. Each offers more than ten educational pieces, covering diverse topics through articles, videos, and webinars. However, FOREX.com stands out by offering monthly live webinars and a searchable archive of past sessions, while Spreadex does not provide these resources. This availability of interactive and on-demand learning sessions makes FOREX.com particularly appealing to those who prefer a varied learning approach.
FOREX.com also caters to both novice and more experienced traders by offering a comprehensive suite of beginner and advanced educational videos. Spreadex, in contrast, matches the offering for the beginner level but lacks advanced educational content for traders looking to deepen their expertise. Both brokers include investor dictionaries with over 50 investing term definitions, aiding in building foundational knowledge. With FOREX.com earning a 4.5-star rating for its educational resources and ranking fourth out of 62 brokers by ForexBrokers.com, it surpasses Spreadex, which garners a 4-star rating and ranks 45th. This makes FOREX.com a more favorable choice for those prioritizing education in their trading journey.
| Feature |
FOREX.com
|
Spreadex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that FOREX.com is better than Spreadex. FOREX.com finished with an overall rank of #5, while Spreadex finished with an overall rank of #39.
FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader.
| Feature |
FOREX.com
|
Spreadex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 71 |
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Both FOREX.com and Spreadex do not provide the option to buy actual delivered cryptocurrency, but they do offer the capability to trade cryptocurrency derivatives, allowing investors to speculate on digital currency price movements without owning the underlying asset.
FOREX.com provides more flexible funding options than Spreadex, supporting ACH or SEPA transfers, PayPal, Visa or Mastercard, and bank wires, while Spreadex offers Visa or Mastercard and bank wires but lacks ACH or SEPA transfers and PayPal support.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | FOREX.com | Spreadex | |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | Spreadex Review |
| Broker Screenshots | FOREX.com | Spreadex | |
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| Regulation | FOREX.com | Spreadex | |
|---|---|---|---|
| Trust Score | 99 | 71 | |
| Year Founded | 1999 | 1999 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | FOREX.com | Spreadex | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | FOREX.com | Spreadex | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FOREX.com | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 10000 | |
| Forex Pairs (Total) | 91 | 52 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | No | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | FOREX.com | Spreadex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.4 | 0.81 | |
| All-in Cost EUR/USD - Active | 0.9 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FOREX.com | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FOREX.com | Spreadex | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FOREX.com | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 20 | 8 | |
| Charting - Indicators / Studies (Total) | 88 | 55 | |
| Charting - Drawing Tools (Total) | 239 | 11 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FOREX.com | Spreadex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 88 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FOREX.com | Spreadex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FOREX.com | Spreadex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FOREX.com | Spreadex | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | FOREX.com Review | Spreadex Review |
| Overall | FOREX.com | Spreadex | |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | Spreadex Review |
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