Spreadex

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

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.

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.

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.