SpreadEX – what we know and have as facts about it; This is a trade name of Spreadex Ltd, which was founded in 1999 and is authorized and regulated by the Financial Conduct Authority (FCA) under reference number 190941. This license allows it to conduct various financial services, including receiving, transmitting, and executing customer orders.
We have found in the Customer Agreement document that SpreadEX acts as a principal and not as an agent on the client’s behalf. It is also written that SpreadEX is the execution venue for all trades. It acts as principal and takes the other side of all client transactions. Thus, SpreadEX would have a potential interest in giving you bad prices. This means that SpreadFX acts as a market maker. In general, dealing with market makers involves a conflict of interest because they do not transmit every customer deal and hope that customers will lose. Every loss of customers is their profit.
We also found that there are some posts in forums about creating multiple spam accounts to post false positive reviews.
So far, we have not received any complaints from customers of SpreadEX. If you have any criticism to share with us or feel annoyed by SpreadEX, please fill in the form below, detailing your case. Once we have made your case public, we may attempt to mediate between you and SpreadEX if you wish.