Written by ForexBrokers.com
In this head to head comparison of Spreadex vs FXGT.com, 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 and FXGT.com are both online trading platforms that, while sharing some similarities, have distinct aspects that set them apart. Since its inception in 1999, Spreadex has built a reputation in the financial sector. The company is not publicly traded nor a banking entity, yet it holds one Tier-1 license, a mark of high trust, and has achieved a Trust Score of 71 on ForexBrokers.com, indicating an average risk.
In contrast, FXGT.com entered the trading scene much more recently in 2019. Like Spreadex, it is neither publicly traded nor a bank; however, it holds one Tier-1 and one Tier-2 license, which denotes a trusted status. Despite its additional Tier-2 license, FXGT.com has a slightly lower Trust Score of 69, suggesting a higher risk in comparison to Spreadex. This analysis offers insights into their reliability and regulatory standing for potential users.
| Feature |
Spreadex
|
FXGT.com
|
|---|---|---|
| Year Founded | 1999 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
When comparing the online brokers Spreadex and FXGT.com, there are notable differences in their commissions and fees. Spreadex is known for its competitive pricing structure, offering an average spread of 0.81 pips for the EUR/USD currency pair as recorded in January 2024. Impressively, a minimum spread of 0.6 pips was achieved 60% of the time during the month, showcasing its reliability in delivering lower fees for trades.
In contrast, FXGT.com lacks available data on average spreads, which may be a consideration for traders seeking transparency on pricing. While both platforms offer online brokerage services, Spreadex holds a clear advantage in providing frequent low spreads that could benefit cost-conscious traders.
In terms of ratings, Spreadex received a 4-star rating out of 5 for its commissions and fees, placing it in the 30th position out of 62 brokers according to ForexBrokers.com. Meanwhile, FXGT.com has a slightly lower rating of 3.5 stars, ranking it at number 55 in the same category. These rankings reflect Spreadex’s stronger performance in delivering cost-effective trading conditions compared to FXGT.com.
| Feature |
Spreadex
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $0 | $5 |
| 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 | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | 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 Spreadex and FXGT.com, a key distinction lies in the breadth of investment options available to traders. Spreadex offers a notably larger selection, boasting 10,000 tradeable symbols overall, while FXGT.com provides access to 117 symbols. For those focused on forex trading, both platforms offer a similar selection, with Spreadex providing 52 forex pairs and FXGT.com offering 53. However, neither broker grants access to actual exchange-traded securities on U.S. or international exchanges, such as Apple or Vodafone shares, and neither supports the direct purchase of cryptocurrencies. Both platforms do, however, enable the trading of cryptocurrency derivatives.
FXGT.com takes a modern approach by offering copy trading, a feature missing from Spreadex. Despite this, Spreadex holds a higher regard for its range of investments, earning a 5-star rating compared to FXGT.com's 3-star rating. This distinction is reflected in ForexBrokers.com's rankings, where Spreadex is placed at #13 out of 62 brokers for investment range, while FXGT.com is ranked at #60. This comparison highlights Spreadex as a more comprehensive choice for investors seeking a wide array of investment opportunities, especially outside of traditional copy trading features.
| Feature |
Spreadex
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 117 |
| Forex Pairs (Total) | 52 | 53 |
| 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). | 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 online brokers Spreadex and FXGT.com, both platforms have strengths and target different user needs. Spreadex stands out with its proprietary platform that offers a user-friendly web-based trading option. However, it lacks a downloadable version for Windows and doesn't provide a free demo account, which might be a drawback for those looking to test the waters risk-free. It allows users to trade directly from stock charts and offers a good selection of 11 drawing tools for charting. Although it provides eight columns for watchlists, Spreadex does not support copy trading or popular platforms like MetaTrader 4 or 5. Its trading platform and tools have earned a respectable 4-star rating, ranking it 46th out of 62 brokers in the category by ForexBrokers.com.
On the other hand, FXGT.com offers flexibility through its support for MetaTrader 4 and 5, making it attractive for users who prefer industry-standard platforms with advanced features. Unlike Spreadex, FXGT.com provides a Windows-based desktop platform and a free virtual demo account, allowing traders to practice without financial risk. The inclusion of copy trading is a notable advantage, offering a way to learn from and mimic successful traders. FXGT.com also excels in providing 23 drawing tools for charting, though it offers fewer watchlist columns with just five available. Despite these offerings, it shares the same 4-star rating for trading platforms and tools as Spreadex but ranks slightly lower at 56th place according to ForexBrokers.com.
| Feature |
Spreadex
|
FXGT.com
|
|---|---|---|
| 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 | No |
| Charting - Indicators / Studies (Total) | 55 | 37 |
| Charting - Drawing Tools (Total) | 11 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Spreadex and FXGT.com both offer mobile apps compatible with iPhone and Android, allowing users to trade on the go. They provide essential features such as stock and forex price alerts, the ability to draw trendlines, and access to various time frames on charts. While both platforms allow the creation of watchlists with real-time quotes, FXGT.com offers advanced features like watchlist symbol syncing, enabling seamless integration between the mobile app and online account. Additionally, FXGT.com's app saves drawing changes automatically, unlike Spreadex's app.
In terms of technical capabilities, FXGT.com provides users with 30 technical studies for chart analysis, whereas Spreadex does not specify this feature. Despite FXGT.com's better technical offerings, Spreadex scores higher in user ratings with 4 stars compared to FXGT.com's 3.5 stars. Spreadex is also ranked higher by ForexBrokers.com, placing 49th out of 62 brokers in the Mobile Trading Apps category, while FXGT.com is ranked 58th. These rankings and features highlight both apps' strengths and areas for improvement, helping traders make a more informed choice.
| Feature |
Spreadex
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| 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 | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of Spreadex and FXGT.com, potential investors might notice several key differences. Spreadex stands out by providing daily market commentary and delivering forex news from reputable sources like Bloomberg, Reuters, and Dow Jones. On the other hand, FXGT.com does not offer these features. Both brokers offer a sentiment-based trading tool that displays market positions, and they each include an economic calendar to track global news. However, neither broker provides technical analysis tools from Autochartist or Trading Central, nor do they offer insights from TipRanks or research from Acuity Trading.
Looking at overall ratings, Spreadex earns a higher research rating of four out of five stars compared to FXGT.com's three stars. According to ForexBrokers.com, Spreadex ranks 31st out of 62 brokers in their Research category, while FXGT.com ranks 56th. These rankings suggest that Spreadex might be the better choice for traders who prioritize comprehensive market research and news updates as part of their trading strategy.
| Feature |
Spreadex
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | 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 it comes to educational resources for beginners in forex and CFD trading, Spreadex stands out compared to FXGT.com. Spreadex offers more than ten educational materials, including articles and videos focused on forex and CFDs. This makes it particularly appealing to those looking to deepen their understanding of trading basics. Additionally, Spreadex features over ten beginner-focused trading videos, making it an excellent choice for novice traders seeking straightforward materials to get started. Both Spreadex and FXGT.com provide an investor dictionary with definitions of over 50 investing terms, aiding in familiarizing beginners with essential trading jargon.
However, neither broker offers frequent client webinars or maintains a searchable archive of past webinars. Advanced educational videos geared toward experienced traders are also lacking with both brokers. Despite these limitations, Spreadex earns a 4-star education rating, positioning it at #45 out of 62 brokers in the ForexBrokers.com rankings for educational amenities. In contrast, FXGT.com receives a 3-star rating and ranks at #59. When looking to embark on your trading journey with ample educational support, Spreadex seems to provide a richer resource bank compared to FXGT.com.
| Feature |
Spreadex
|
FXGT.com
|
|---|---|---|
| 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 FXGT.com. Spreadex finished with an overall rank of #39, while FXGT.com finished with an overall rank of #58.
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
|
FXGT.com
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 71 | 69 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both Spreadex and FXGT.com allow users to purchase cryptocurrency derivatives without offering the option to buy actual delivered cryptocurrency, enhancing trading options without owning the digital asset itself.
When comparing online brokers Spreadex and FXGT.com, both facilitate deposits and withdrawals via Visa, Mastercard, and bank wires, but only FXGT.com supports transactions through ACH or SEPA transfers, while neither broker offers PayPal or Skrill 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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Spreadex | FXGT.com | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 71 | 69 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
| Broker Screenshots | Spreadex | FXGT.com | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| Regulation | Spreadex | FXGT.com | |
|---|---|---|---|
| Trust Score | 71 | 69 | |
| Year Founded | 1999 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Spreadex | FXGT.com | |
|---|---|---|---|
| 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 | No | |
| 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 | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Spreadex | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 117 | |
| Forex Pairs (Total) | 52 | 53 | |
| 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). | 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 | FXGT.com | |
|---|---|---|---|
| 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 | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Spreadex | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $0 | $5 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Spreadex | FXGT.com | |
|---|---|---|---|
| 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 | No |
| Trading Tools | Spreadex | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 5 | |
| Charting - Indicators / Studies (Total) | 55 | 37 | |
| Charting - Drawing Tools (Total) | 11 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Spreadex | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| 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 | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Spreadex | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Spreadex | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 71 | 69 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill