What is Spread ex？
Spread ex Ltd, established in 2009 and registered in the United Kingdom, is a trading company without any formal regulation. Given the lack of regulation, potential investors should proceed with caution and carry out thorough research when considering investing.
Pros & Cons
Pros
High Leverage: Spread ex offers high leverage of 1:400 which could increase the profits of traders.
MT5 Support: The company supports the MetaTrader 5 (MT5) trading platform, which is a highly popular and robust platform that offers a wide range of trading tools and features.
24/7 Customer Service: Spread ex offers round-the-clock customer service via email and live chat, which means, at any time of the day.
Cons
Lack of Info about Key Trading Conditions: It seems some vital information about Spread ex's trading conditions, like the specifics about spread and commission, is missing. This could hinder traders in making fully informed decisions.
No Regulation: Being an unregulated entity, Spread ex is potentially a riskier option as it does not provide the security and protections often offered by regulated brokers.
High Minimum Deposit: A minimum deposit of $1000 is required to open an account with Spread ex. This could be a significant obstacle for new and less experienced traders with smaller investment budgets.
Is Spread ex Safe or Scam？
Regulatory Sight: Spread ex is a non-regulated trading company, meaning it does not hold any formal regulatory authority or license from a regulatory body. This lack of regulation can pose increased risks to investors as it means the broker does not provide the protections offered by a regulated entity.
User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.
Security Measures: So far we haven't found any information about the security measures for this broker.
Market Instruments
Forex Trading: Spread ex allows traders to speculate on the price movements of various currency pairs in the global foreign exchange market.
Spot Gold and Spot Silver: Spread ex enables traders to take positions on the spot price of precious metals like gold and silver, which are often considered as safe-haven assets during economic volatility.
Indices: Traders can speculate on the price movements of various major global indices, which are collections of stocks representing specific market sectors or overall market performance.
Crude Oil: This allows traders to speculate on the price of crude oil, one of the world's most heavily traded commodities.
Account Types
Standard Account: This simple account type appeals to beginner traders. It comes with basic trading features and interfaces.
Plus Account: A level up from the Standard Account, this type offers additional features or benefits that could appeal to traders looking to take their trading to the next level.
Pro Account: As its name suggests, this account type is intended for professional or experienced traders, featuring advanced tools, options, or lower fees.
ECN Account: ECN, or Electronic Communication Network account, is for traders who want direct access to market prices and the ability to trade with other market participants.
Leverage
Spread ex offers its traders maximum leverage of 1:400 across all account types, including the Standard, Plus, Pro, and ECN accounts. Leverage allows traders to hold larger positions than their initial deposit and can lead to increased profits. While higher leverage can amplify profits, it can also amplify losses, making it a double-edged sword that needs to be handled carefully.
Customer Support
Spread ex provides customer service available 24/7. For any queries, concerns, or technical issues, customers can reach out to the Spread ex support team via email atinfo@spreades.com. The company also offers a live chat feature for real-time assistance. This level of customer support ensures that customers can get the help they need, regardless of the time of day.
Trading Platform
Spread ex supports the MetaTrader 5 (MT5) trading platform, a popular platform known for its high-end technology and enhanced trading features. MetaTrader 5 allows traders to execute trades with precision and speed. This platform offers advanced charting tools, trading scripts, and features such as one-click trading, and multiple order types. Its robustness and customizability make it a suitable platform for both novice and experienced traders. Furthermore, MT5 can be accessed from various devices, maximizing traders ability to manage their investments anytime, anywhere.
Conclusion
Spread ex is a versatile trading platform supporting a diverse range of market instruments and several advantageous features. However, it's a non-regulated broker which should prompt potential investors for extra due diligence. Their high minimum deposit requirement also deters beginners or those with limited funds from engaging.
Frequently Asked Questions (FAQs)
Q: What leverage does Spread ex provide？
A: Spread ex provides a maximum leverage of 1:400 for all account types.
Q: What is the minimum deposit for Spread ex？
A: The minimum deposit for all account types in Spread ex is $1000.
Q: What trading platform does Spread ex support？
A: Spread ex supports the MetaTrader 5 (MT5) trading platform.
Q: Is Spread ex a regulated broker？
A: No, Spread ex is not a regulated broker and doesn't hold any license from a regulatory body.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
