In this comparison, FXTM and Spreadex battle on regulation, costs, and platforms. The contrast between MT4/MT5 availability and UK spread betting drives the tension.
Find out which broker best suits your trader profile.
Choose if…
Choose FXTM if you want MT4 and MT5 trading. You benefit from regulation by CySEC, FCA, FSC, and FSCA.
Choose if…
Choose Spreadex if you prefer TradingView charting and UK spread betting. You benefit from FCA regulation and a zero minimum deposit.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
| Editorial score | 4.2/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.2 / 5 | 4.5 / 5▲ |
Pros
Low $10 minimum deposit on Micro accounts
Strong copy trading via FXTM Invest platform
Extensive education, webinars, video courses, and market analysis
Multilingual support in 20+ languages
Regulated by top-tier authorities (FCA, ASIC, CySEC)
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | FXTM | 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 | Fail | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Fail |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Fail |
The scores are close: FXTM rates 4.2/5 and Spreadex rates 4/5. FXTM 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.
Spreadex starts from 0.6 pips, tighter than FXTM's 1.5 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Spreadex has no minimum deposit, while FXTM requires at least $10. This makes Spreadex more accessible for traders with limited starting capital.
Both FXTM 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.
FXTM lists maximum leverage of 1000:1, 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.
FXTM supports MetaTrader 5, MetaTrader 4, while Spreadex supports Proprietary Web/Mobile, TradingView. FXTM has exclusive access to MetaTrader 5 and MetaTrader 4. Spreadex has exclusive access to Proprietary Web/Mobile and TradingView.
Spreadex offers tighter spreads from 0.60 pips vs 1.50 pips for FXTM, reducing trading costs.
FXTM wins for safety and regulation with multiple top-tier authorities.
FXTM is best for active traders due to MT4/MT5 access and higher leverage.
FXTM is better suited for scalpers: raw/ECN spreads available.
Spreadex wins for platform choice with TradingView and a proprietary platform.
Spreadex offers broader instrument variety with around 10,000 markets.
Fees & Spreads 30% weight | 3.9 / 5 | 4.2 / 5▲ |
|---|
Platforms & Tools 20% weight | 4.0 / 5 | 4.0 / 5 |
|---|
Customer Support 10% weight | 4.3 / 5▲ | 4.1 / 5 |
|---|
| Founded | 2011 | 1999 |
|---|
| Headquarters | Limassol, Cyprus | St Albans, Hertfordshire, United Kingdom |
|---|
| Min Deposit | $10 | No minimum▼ lower |
|---|
| Spreads From | 1.5 pips | 0.6 pips▼ lower |
|---|
| Commission / lot | N/A | N/A |
|---|
| Max Leverage | 1,000:1 | 30:1▲ higher |
|---|
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNetellerFasaPay | Bank transferCredit cardDebit card |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNetellerFasaPay | Bank transferCredit card |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | CySEC FCA FSCA FSC | FCA |
|---|
| Platforms | MetaTrader 5 MetaTrader 4 | Proprietary Web/Mobile TradingView |
|---|
| Active bonuses |
|---|
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
Raw spread account available
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Pros
FCA-regulated (190941) UK spread betting on 10,000+ financial markets
TradingView integration for browser-based charting and order execution
UK capital gains tax-free profits on spread bets under current HMRC rules
Unique dual financial and sports spread betting from one FCA account
No minimum deposit and no commission on spread bets
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
No inactivity fee
Mobile trading app available
Proprietary trading platform available
Advanced charting tools included
Transparent pricing with clear cost disclosure
Phone support available
Cons
Standard account spreads are not ECN-competitive
Platform choice limited to MT4 and MT5
Mauritius FSC entity offers less investor protection than FCA/CySEC
No proprietary platform
Limited charting capabilities
Cons
UK residents only - no international client access
No MT4 or MT5 available
Research tools minimal
Not suitable for traders who need raw ECN execution
No raw spread account option
No MetaTrader support
No 24/5 live chat
Support available in limited languages
FXTM edges Spreadex on overall editorial score (4.2 vs 4.0) due to broader regulation and MT4/MT5 availability. Spreadex remains competitive in UK spread betting with TradingView integration.
Dig deeper into each broker’s features, fees, and regulation.
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