Written by ForexBrokers.com
In this head to head comparison of Spreadex vs FXOpen, 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.
Spreadex, established in 1999, and FXOpen, founded in 2003, both operate in the online brokerage industry, yet neither is publicly traded nor functions as a bank. When it comes to regulatory oversight, Spreadex holds one Tier-1 license, highly regarded for ensuring trustworthy practices, while FXOpen holds two Tier-1 licenses, suggesting a comparable yet slightly more reinforced regulatory stance. This reliance on top-tier licenses aligns with their respective trust ratings assigned by ForexBrokers.com.
According to ForexBrokers.com, Spreadex earns a Trust Score of 71 out of 99, indicating an average risk to users. On the other hand, FXOpen scores moderately higher with a Trust Score of 76, placing it also in the average risk category but closer to a trusted level. While both companies provide options for online trading and investments, FXOpen's additional license and marginally higher trust rating might offer slightly more peace of mind for cautious traders.
| Feature |
Spreadex
|
FXOpen
|
|---|---|---|
| Year Founded | 1999 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 2 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
When comparing the commissions and fees of online brokers Spreadex and FXOpen, it's essential to note their performance and rankings. Spreadex, with a rating of four stars for commissions and fees, has established itself as a competitive choice in the forex trading arena. In January 2024, Spreadex boasted an average spread of 0.81 pips for the EUR/USD pair, with an impressive 60% of trades benefiting from a low minimum spread of 0.6 pips.
On the other hand, FXOpen, also rated four stars for its commissions and fees structure, does not provide specific data on average spreads. This lack of detailed information might make it slightly harder for traders to evaluate potential costs beforehand, compared to brokers with more transparent data.
Looking deeper into their rankings, according to ForexBrokers.com, Spreadex holds the 30th spot out of 62 brokers for its competitive commissions and fees, whereas FXOpen ranks at 45th. Such rankings can offer potential investors insight into which broker may be more cost-effective, helping them make informed decisions based on their trading priorities.
| Feature |
Spreadex
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 0.81 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing online brokers Spreadex and FXOpen, there are notable differences in their range of investments. Spreadex impresses with a staggering offering of 10,000 tradeable symbols, including 52 forex pairs, allowing traders a diverse selection to suit various trading strategies. This extensive range earns Spreadex a high ranking and a solid 5-star rating in the Range of Investments category. In contrast, FXOpen provides access to 87 tradeable symbols, with 25 forex pairs. This more focused selection is reflected in a 3-star investment range rating.
Neither Spreadex nor FXOpen offers the opportunity to trade exchange-traded securities on U.S. or international exchanges, meaning traditional stock purchasing is off the table. However, both platforms allow trading in cryptocurrency derivatives, though they don’t support purchasing actual cryptocurrencies. An advantage for FXOpen users is the availability of copy trading, a feature not provided by Spreadex. Ultimately, in terms of range of investments, Spreadex stands out as a strong choice, while FXOpen offers a more streamlined selection with features like copy trading to explore.
| Feature |
Spreadex
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 87 |
| Forex Pairs (Total) | 52 | 25 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | No | Yes |
| 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing Spreadex and FXOpen, each online broker demonstrates unique strengths within their trading platforms and tools. Spreadex provides a proprietary web-based trading platform developed in-house, yet lacks a Windows desktop platform. Conversely, FXOpen supplies a Windows-based platform along with the well-regarded MetaTrader 4 (MT4) and MetaTrader 5 (MT5). For those interested in simulated trading, FXOpen offers a free virtual demo account, a feature not available with Spreadex. Additionally, FXOpen supports copy trading and integrates with ZuluTrade, granting more extensive options for automated and social trading enthusiasts.
In terms of charting capabilities, Spreadex offers 11 drawing tools, slightly fewer than FXOpen's 15. Both brokers permit direct trading from stock charts and maintain similar ratings of four stars out of five for trading platforms and tools. Notwithstanding their equal scores, their rankings differ: Spreadex is positioned at #46, while FXOpen is slightly lower at #53 among 62 brokers according to ForexBrokers.com. This detailed comparison underscores the attractiveness of Spreadex's proprietary web innovation against FXOpen's robust support for widely-used platforms and broader trading toolset.
| Feature |
Spreadex
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 55 | 30 |
| Charting - Drawing Tools (Total) | 11 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Spreadex and FXOpen provide convenient mobile trading apps that are available for iPhone and Android users, catering to the needs of tech-savvy traders. Whether you opt for Spreadex or FXOpen, you'll be equipped with crucial features like stock and forex price alerts to keep you on track with market movements. However, when it comes to synchronizing watchlists with online accounts, both fall short, lacking this handy syncing feature. An area where FXOpen stands out is offering up to 30 technical analysis tools for charting, whereas this feature is not specified for Spreadex. Both platforms allow trendline drawing and viewing of different time frames, although neither app will automatically save any drawings, prompting manual effort for saving your annotations.
Creating watchlists with real-time quotes is straightforward on both platforms, enhancing the live trading experience for users. The mobile trading apps from Spreadex and FXOpen each boast a solid four-star rating. However, upon deeper evaluation by ForexBrokers.com, Spreadex is ranked at position #49, while FXOpen finds itself slightly lower at #54 out of 62 brokers. This suggests that while both brokers offer reliable mobile trading solutions, each has areas of improvement to elevate their app's user experience and functionality further. Overall, whether you choose Spreadex or FXOpen, you can expect a competent trading platform in the palm of your hand.
| Feature |
Spreadex
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When evaluating the market research offerings of Spreadex and FXOpen, both brokers deliver daily market commentary and provide access to forex news from prestigious sources such as Bloomberg, Reuters, and Dow Jones. However, neither broker supports technical analysis tools from Autochartist or Trading Central. Where Spreadex distinguishes itself is through its sentiment-based trading tool that allows traders to view the ratio of long versus short positions across various currency pairs and instruments, a feature not available with FXOpen.
While both platforms include an economic calendar to keep users informed of global news events, Spreadex receives a higher research rating of 4 out of 5 stars, compared to FXOpen’s 3-star rating. In rankings provided by ForexBrokers.com, Spreadex holds the #31 spot for research among 62 brokers, whereas FXOpen is positioned at the bottom at #62. This suggests that traders seeking a more comprehensive market research experience may find Spreadex to be a better-equipped option.
| Feature |
Spreadex
|
FXOpen
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners between Spreadex and FXOpen, Spreadex stands out as a more beginner-friendly option. Spreadex offers over 10 educational materials focused on forex and CFDs, alongside a collection of beginner-focused trading videos that cover a range of essential topics for newcomers. Additionally, users can benefit from an investor dictionary that provides definitions for over 50 investing terms. While online webinars and advanced educational videos are not part of Spreadex's offerings, its educational content still earns it a 4-star rating and a ranking of 45 out of 62 brokers by ForexBrokers.com.
FXOpen, on the other hand, provides a more limited learning experience for beginners. It does not offer the minimum 10 educational pieces focused on forex and CFDs, and lacks educational videos tailored specifically for beginners. However, similar to Spreadex, FXOpen does have an investor dictionary with over 50 terms to help traders grasp key concepts. Without the benefit of online webinars or advanced educational videos, FXOpen's educational offerings receive a 3-star rating and are ranked 58 out of 62 brokers by ForexBrokers.com. For those prioritizing educational resources, Spreadex offers a more comprehensive suite of tools to kickstart their trading journey.
| Feature |
Spreadex
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | 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 Spreadex is better than FXOpen. Spreadex finished with an overall rank of #39, while FXOpen finished with an overall rank of #54.
Spreadex is an FCA-regulated broker in the UK, offering forex and CFDs, and is well known for its sports betting business, and proprietary web trading platforms. Spreadex still has considerable room to improve, in key categories such as research and education, compared to the best forex brokers.
| Feature |
Spreadex
|
FXOpen
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 76 |
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Both Spreadex and FXOpen provide the option to trade cryptocurrency derivatives but do not offer the capability to purchase actual, delivered cryptocurrencies.
Both Spreadex and FXOpen do not support ACH, SEPA, or PayPal transactions for account deposits or withdrawals, though FXOpen provides an advantage with Skrill availability, while both brokers offer Visa, Mastercard, and bank wire options.
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 | Spreadex | FXOpen | |
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| Trust Score | 71 | 76 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
| Broker Screenshots | Spreadex | FXOpen | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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| Regulation | Spreadex | FXOpen | |
|---|---|---|---|
| Trust Score | 71 | 76 | |
| Year Founded | 1999 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 2 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | Spreadex | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | Spreadex | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Spreadex | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 87 | |
| Forex Pairs (Total) | 52 | 25 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | No | Yes | |
| 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). |
| Cost | Spreadex | FXOpen | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.81 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Spreadex | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Spreadex | FXOpen | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | Spreadex | FXOpen | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 7 | |
| Charting - Indicators / Studies (Total) | 55 | 30 | |
| Charting - Drawing Tools (Total) | 11 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Spreadex | FXOpen | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | N/A | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Spreadex | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Spreadex | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Spreadex | FXOpen | |
|---|---|---|---|
| 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 | Spreadex Review |
| Overall | Spreadex | FXOpen | |
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| Trust Score | 71 | 76 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
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