Score

1.35 /10
Danger

Spreadex

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Website

Score

Regulatory Index0.00

Business Index5.77

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Warning

HK SFC
2023-09-22

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Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Spreadex · Company summary

Note: Spreadex's official website: https://spresfx.com/ is currently inaccessible normally.

Spreadex Review Summary
Founded2022
Registered Country/Region/
RegulationNo regulation
Market InstrumentsForex, metals, CFDs on indices, cryptocurrencies
Demo Account/
EUR/USD Spread/
Leverage/
Trading PlatformMT4 (no download link)
Min Deposit/
Customer SupportTel: +4401727895000
Email: info@spresfx.com
Address: 26-30 Upper Marlborough Road, St.Albans, Hertfordshire, AL13UU, UITED KINGDOM

Spreadex Information

Spreadex started business in 2022 and and offers trading services in forex, metals, CFDs on indices, and cryptocurrencies. However, high chance the broker is a scam due to inaccessible website and extremely limited information about the company over the Internet.

What's worse, the company operates without valid regulation from authority bodies further exacerbates its legitimacy and reliability. Thus it's wise enough for you to stay away from such a possible scam broker.

Regulatory Status

Regulation is a crucial aspect of evaluating the legitimacy and reliability of a brokerage firm, and in the case of Spreadex, the broker operates without any valid regulatory oversight. The absence of regulatory framework raises doubts about the broker's adherence to industry standards, financial transparency, and protection of client interests. You should be extremely cautious about this.

No license

Downsides of Spreadex

Unavailable website: Spreadex's website cannot be opened currently, which indicates possibility of cease of operation.

Regulatory concerns: The broker operates without valid regulation by any financial institutions, meanig that it might not comply to industry standards. This heightens trading risks with them.

Limited transparency on trading conditions: Spreadex does not disclose any information about its account details, leverage, trading costs, which are essential benchmarks for clients to learn about their trading costs in advance.

What Can I Trade on Spreadex?

Spreadex boasts trading services in forex, commodities, cryptos and indices for its clients globally.

  • Forex (Foreign Exchange): The global marketplace for buying and selling currencies, where traders profit from changes in exchange rates between currency pairs.
  • Commodities: Commodities are basic goods or raw materials that are interchangeable with other goods of the same type, often used in trade and production, such as precious metals like gold, silver, etc.
  • Cryptocurrencies: Digital or virtual currencies that use cryptography for security and operate on decentralized networks, often based on blockchain technology.
  • Indices: Statistical measures that represent the overall performance of a specific group of stocks or financial instruments, often used as benchmarks.
Tradable Instruments Supported
Forex
Commodities
Indices
Cryptocurrencies
Stocks
Bonds
Options
ETFs

Trading Platform

Spreadex claims to provide the world-renowned MetaTrader4 trading platform, but the tester cannot find any download links on its website. This can be false information to lure customers to trade with them.

User Reviews

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Romello
more than one year
The Pig Butchering Scam want you to deposit and deposit and when you don't and make your own profits they charge a scam tax of 28% and want you to deposit more to be a VIP person to get your money out in one day.
The Pig Butchering Scam want you to deposit and deposit and when you don't and make your own profits they charge a scam tax of 28% and want you to deposit more to be a VIP person to get your money out in one day.
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2023-04-20 10:29
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45228
more than one year
Spresfx is not a well-known Spreadex company in the UK, but a recently established company of the same name, and it is not regulated by the Financial Market Supervisory Authority (FCA). If you are looking for a trusted brokerage to trade, it is recommended that you choose a company that is strictly regulated to ensure the safety of your funds.
Spresfx is not a well-known Spreadex company in the UK, but a recently established company of the same name, and it is not regulated by the Financial Market Supervisory Authority (FCA). If you are looking for a trusted brokerage to trade, it is recommended that you choose a company that is strictly regulated to ensure the safety of your funds.
Translate to English
2023-03-31 14:34
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