PrimeXBT vs Spreadex
PrimeXBT | Spreadex |
---|---|
4.1
|
3.5
|
Traders from US not accepted
|
Traders from US not accepted
|
PrimeXBT is a multi-asset platform offering highly leveraged trading in forex, indices, commodities and cryptocurrencies. The company launched in 2018 and now has over 1 million users from more than 150 countries. With no minimum deposit, copy trading features and low commissions, the broker remains a popular option among crypto trading novices. |
Spreadex is an FCA-regulated broker that offers spread betting opportunities on an impressive 10,000+ CFD instruments including 60 forex pairs. Traders can also take short-term positions on sporting events. The brand has been around for over 20 years and has won multiple awards. |
Customer Reviews | |
4.6
Based on 7 PrimeXBT customer reviews
|
|
Bonus Offer | |
$100 Deposit Bonus | £300 cashback |
Comment by Reviewer | |
"PrimeXBT is good for beginners looking to trade crypto derivatives among traditional assets like forex and indices. There's also a proprietary copy trading solution for novices looking to learn from more experienced investors. With that said, the lack of regulation means traders will receive limited safeguards." | "Spreadex will appeal to UK day traders who are interested in both spread betting on financial markets and placing traditional bets on sports events. Fees are low on short trades and profits are tax-free on spread bets. There's also a powerful proprietary charting platform, plus £0 minimum deposit required to get started. " |
Pros | |
|
|
Cons | |
|
|
Awards | |
|
|
Instruments | |
CFDs, Cryptos, Forex, Indices, Commodities, Futures | Forex, CFDs, Indices, Commodities, Stocks, Crypto, Bonds, Interest Rates, ETFs, Options, Spread Betting |
Demo Account | |
Yes | No |
Minimum Deposit | |
$0 | £0 |
Trading Platforms | |
|
|
Payment Methods | |
Minimum Trade | |
0.01 Lots | £0.01 |
Regulator | |
FCA | |
Margin Trading | |
Yes | Yes |
STP Account | |
No | No |
ECN Account | |
No | No |
DMA Account | |
No | No |
MAM Account | |
No | No |
PAMM Account | |
No | No |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | No |
Robo Advisor | |
No | No |
Negative Balance Protection | |
Yes | Yes |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
No | Yes |
Mobile Apps | |
iOS & Android | iOS & Android |
App Review | |
Spreadex delivers a first-rate mobile trading app on iOS and Android, featuring sophisticated charts with intervals from 1 tick to 1 month and 10+ years of historical data. Price alerts are also easy to set up using the bell icon next to each asset, ensuring you don’t miss opportunities. However, integration of features like the economic calendar and market updates could be improved, as they redirect you to an external browser, dampening the mobile trading experience. |
|
Android App Rating | |
4.4 |
|
iOS App Rating | |
4.5 |
|
Auto Trading | |
Yes | No |
Copy Trading | |
Yes | No |
Copy Trading Platform | |
PrimeXBT offers a decent copy trading service where traders can follow the strategies of other users with free and paid-for signals. Once you have found a suitable strategy provider, you simply need to hit ‘follow’ to get started. | |
Social Trading | |
Yes | No |
Trade Signals | |
No | |
VPS Hosting | |
No | No |
Tournaments | |
Yes | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | Yes |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Inactivity Fee | |
$0 | £0 |
Islamic Account | |
No | No |
Account Currencies | |
|
|
Stock Exchanges | |
Commodities | |
CFD Trading | |
PrimeXBT offers CFDs across four asset classes with very high leverage up to 1:1000. Beginners can also take advantage of the broker’s useful technical analysis guides and CFD education, plus 24/7 in-platform support via live chat. | Trade CFDs on Spreadex's diverse list of instruments with leverage up to 1:30 and highly competitive spreads. While this broker's USP is spread betting, the excellent trading terms and range of markets makes it an equally good choice for CFD trading. |
Leverage | |
1:1000 | 1:30 |
FTSE Spread | |
Variable | 1.0 |
GBPUSD Spread | |
Variable | 0.9 |
Oil Spread | |
Variable | 2.8 |
Stocks Spread | |
Variable | 0.15% |
Forex Trading | |
PrimeXBT offers 50 forex pairs, which is above the industry average and covers a good range of majors, minors and exotics. Traders can enjoy trading via margin with zero commissions. Additionally, the broker’s copy trading service allows you to explore various currency trading strategies. | Trade on 60+ forex pairs with no commission and competitively tight spreads from 0.6 on major pairs such as EUR/USD. This is a good selection of forex pairs and excellent pricing for commission-free trading, well below the industry average. |
GBPUSD Spread | |
Variable | 0.9 |
EURUSD Spread | |
Variable | 0.6 |
EURGBP Spread | |
Variable | 0.9 |
Assets | |
45+ | 60+ |
Cryptocurrency | |
Traders can speculate on popular cryptos with commissions as low as 0.05% and high leverage up to 1:200. Additionally, the broker continues to improve its offering by introducing crypto futures as well as trading contests with real prizes. | Spreadex offers spread betting on Bitcoin, Bitcoin Cash, Ether, Litecoin and Ripple in pairs with USD, allowing traders to make leveraged bets on crypto price movements through a derivative contract without owning the digital assets. |
Spread | |
0.05% BTC, 0.05% ETH | 1 - 140 pips |
Coins | |
|
|
Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
More Comparisons | |
PrimeXBT vs |
Spreadex vs |