FXOpenvs
SpreadexForex Broker Comparison
Two brokers clash on trust, costs, and platform access. FXOpen emphasizes deep regulation and raw ECN pricing, while Spreadex emphasizes TradingView-powered trading with spread betting options.
Who should choose FXOpen vs Spreadex?
Find out which broker best suits your trader profile.
Choose if…
Choose FXOpen if you want triple regulation and access to MT4, MT5, and cTrader with low ECN commissions.
Choose if…
Choose Spreadex if you want TradingView-powered trading and spread betting from a single UK account.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
FXOpen vs Spreadex: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.2/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.5 / 5 | 4.5 / 5 |
FXOpen vs Spreadex Forex Broker Pros & Cons
Pros
FCA, CySEC, and ASIC triple regulation
$3 round-turn ECN commission, one of the lowest in retail forex
Early cTrader adopter with mature integration
MT4, MT5, and cTrader all available
Client funds held in segregated accounts
FXOpen vs Spreadex: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
4
FXOpen
criteria wins
2
Spreadex
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | FXOpen | Spreadex |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Fail |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Fail |
| Phone support | Fail | Pass |
| Multilingual support | Pass | Fail |
FXOpen vs Spreadex: Frequently Asked Questions
The scores are close: FXOpen rates 4.2/5 and Spreadex rates 4/5. FXOpen has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
FXOpen starts from 0 pips, tighter than Spreadex's 0.6 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Spreadex has no minimum deposit, while FXOpen requires at least $100. This makes Spreadex more accessible for traders with limited starting capital.
Both FXOpen and Spreadex hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: Spreadex has no minimum deposit, removing the capital barrier entirely, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
FXOpen lists maximum leverage of 500:1, while Spreadex lists up to 30:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
FXOpen charges $3 per lot on commission-based accounts. Commission details for Spreadex are not currently available. Check their website for up-to-date pricing.
FXOpen supports cTrader, MetaTrader 4, MetaTrader 5, while Spreadex supports Proprietary Web/Mobile, TradingView. FXOpen has exclusive access to cTrader and MetaTrader 4 and MetaTrader 5. Spreadex has exclusive access to Proprietary Web/Mobile and TradingView.
