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 |
FOREX.com and Spreadex are two notable online brokers with distinct structures for commissions and fees. FOREX.com, rated 4.5 stars, ranks #13 out of 62 brokers in the Commissions and Fees category by ForexBrokers.com. It offers multiple account types and execution methods. The Standard account, suitable for MetaTrader users, has an average spread of 1.4 pips on the EUR/USD for U.S. traders. Additionally, the recently introduced RAW Spread account provides lower typical spreads of 0.13 pips with a base commission of $7 per Standard lot, tailored for high-volume traders through six volume-based rebate tiers.
In contrast, Spreadex, earning a 4-star rating and ranking #27, provides competitive pricing with average spreads of 0.81 pips for EUR/USD as of January 2024. Notably, Spreadex offers minimum spreads of 0.6 pips 60% of the time, providing an appealing option for those looking for straightforward pricing. Both brokers have their benefits, but the choice depends on trading preferences and whether one prioritizes lower spreads or a variety of account options.
| 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 of FOREX.com and Spreadex, it's clear that both brokers provide a solid foundation for traders, but there are notable differences. FOREX.com offers both a proprietary platform and popular third-party options like MetaTrader 4 and MetaTrader 5, whereas Spreadex presents only its proprietary platform without MetaTrader integration. Both brokers provide a web-based trading platform, but only FOREX.com offers a desktop version for Windows. Additionally, both platforms cater to new traders with free demo accounts to practice strategies without financial risk. When it comes to charting tools, FOREX.com shines with 239 drawing tools compared to Spreadex's 11, and provides a more comprehensive watchlist management with 20 fields, while Spreadex offers 8.
The advanced features and flexibility of FOREX.com earn it a rating of five stars in the Trading Platforms and Tools category, ranking seventh out of 62 brokers. Spreadex, while respectable, receives a slightly lower rating of four stars and ranks 46th in the same category. Neither platform supports copy trading options like DupliTrade or ZuluTrade, but both offer the ability to trade directly from stock charts, adding a user-friendly touch to their services. Overall, FOREX.com provides a more versatile and feature-rich platform for traders looking for a broader range of technical and charting tools. Spreadex, however, remains a viable option for those who prefer simplicity in their trading experience.
| Feature |
FOREX.com
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| 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 | 58 |
| 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.
Both FOREX.com and Spreadex provide iPhone and Android apps that cater to mobile trading needs. Users can receive stock or forex price alerts on both platforms. However, FOREX.com has a significant advantage with features like watchlist symbol syncing, which Spreadex lacks. This syncing means that changes made to watchlists in the FOREX.com mobile app are automatically reflected in the client’s online account, offering seamless integration. When it comes to charting, FOREX.com also stands out with 88 technical studies, compared to an unspecified number for Spreadex, and it supports auto-saving for drawn chart features, whereas Spreadex does not.
Both apps allow users to explore a variety of time frames and have drawing capabilities on charts. They also let traders create real-time watchlists. Despite these similarities, FOREX.com’s app has higher ratings with five stars compared to Spreadex's four. ForexBrokers.com ranks FOREX.com as #3 among 62 brokers in the Mobile Trading Apps category, illustrating its superior mobile platform, while Spreadex ranks significantly lower at #46, highlighting a more limited offering.
| 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 comparing the market research offerings of FOREX.com and Spreadex, both platforms provide daily market commentary, keeping traders well-informed of current trends. They also deliver forex news from respected sources like Bloomberg, Reuters, and Dow Jones. For analytical tools, Spreadex excels with its use of Autochartist, whereas FOREX.com counters by incorporating tools from Trading Central, allowing traders to engage in deep technical analysis. Additionally, both brokers support sentiment-based trading tools that help users gauge market positions across various instruments, adding valuable insights for traders.
Further broadening their research features, both FOREX.com and Spreadex include a comprehensive economic calendar showcasing significant global events. However, neither broker offers tools from Acuity Trading or market research contributions from TipRanks. Despite the similarities, there’s a slight distinction in their research ratings; FOREX.com has a solid edge with a 4.5 out of 5-star rating, placing it ninth among 62 brokers, while Spreadex holds a 4-star rating, securing the 31st position. This nuanced difference may influence a trader's choice, depending on their specific informational needs and tool preferences.
| Feature |
FOREX.com
|
Spreadex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| 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 | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 20 | 8 | |
| Charting - Indicators / Studies (Total) | 88 | 58 | |
| 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 | Yes | |
| 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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