Spreadex Limited
Financial Conduct Authority (FCA) · Reference 190941 1
Authorised Verified on register, 4 Oct 2026
Spreadex
Spreadex is a UK spread betting and CFD provider, which also offers sports spread betting, based in St Albans. Spreadex Limited is authorised by the FCA and owned by Spreadex.com Limited.
Research-based assessment This profile has not completed TTI’s on-site verification and 30-day platform review. How TTI verification works
Verified licences
| Regulator | Licence | Legal entity | Register status | Source |
|---|---|---|---|---|
| Financial Conduct Authority (FCA) | 190941 | Spreadex Limited | Authorised Checked 4 Oct 2026 | Register entry for Spreadex Limited (opens in a new tab) 1 |
Each licence was matched on the regulator’s own register on the date shown. Unverified claims are listed under Regulation and legal entities.
Assessment summary
Spreadex Limited is authorised by the FCA, files audited group accounts, holds retail client money on trust in segregated accounts, and offers the FSCS and the Financial Ombudsman Service, which upheld only 1 of 14 complaints it decided in three years. We found no enforcement actions or alert-list entries. Its terms, however, require clients to settle negative balances and do not state negative balance protection. Its website was blocked at network level from our location, so its costs and execution policy are not determined.
Key positives
- Client-facing entities appear on the regulator’s register 12
Spreadex Limited is on the FCA’s list of investment firms with the authorisation its terms state.
- Regulatory claims on the website are accurate 12
The regulatory statements in Spreadex’s terms match the FCA list. We could not read its website.
- Clients can tell which regulated entity serves them 2
The terms name Spreadex Limited, its regulator, company number and registered office.
- Client money segregation is disclosed 2
Retail clients’ money is held on trust in a segregated bank account under the FCA’s client money rules; professional clients’ money is not.
- Authorisations are current and unrestricted 1
The FCA authorisation is current.
Key concerns
- Retail clients have negative balance protection 2
Not met The terms require clients to settle any negative cash balance and allow credit accounts; we found no negative balance protection in them.
- Banking and custody arrangements are disclosed 2
Not met The terms do not name the banks holding client money.
- Ultimate ownership can be identified 34
Partly met Companies House shows Spreadex.com Limited owns Spreadex Limited and registers Peter Woodstock Harris with more than a quarter of the parent; no other owner is listed.
- Permissions cover the services offered 1
Partly met The FCA’s published list does not show Spreadex’s permissions.
- A complaints procedure is published 2
Partly met The terms describe an internal complaint handling procedure available on the website, which we could not read.
Breakdown by dimension
Each dimension is scored from its criteria, then weighted. Dimensions without enough evidence are left out and the remaining weights are rescaled. Open a dimension to see every criterion, our rationale and the sources.
Regulatory status and licence verification 26% of score Whether the firm’s licences exist, are current and cover what it offers.
- Met
- Met
Authorisations are current and unrestricted 1
The FCA authorisation is current.
- Partly met
Permissions cover the services offered 1
The FCA’s published list does not show Spreadex’s permissions.
- Met
- Met
Clients can tell which regulated entity serves them 2
The terms name Spreadex Limited, its regulator, company number and registered office.
Criteria and their weighting are explained in the methodology.
Corporate transparency and ownership 13% of score Whether you can find out who owns and runs the firm.
- Met
- Partly met
- Partly met
- Partly met
- Met
Financial statements are available 3
Spreadex files audited group accounts at Companies House, most recently for the year to 31 May 2025.
Criteria and their weighting are explained in the methodology.
Client fund protections and disclosed safeguards 13% of score What protects client money if something goes wrong.
- Met
Client money segregation is disclosed 2
Retail clients’ money is held on trust in a segregated bank account under the FCA’s client money rules; professional clients’ money is not.
- Not met
Retail clients have negative balance protection 2
The terms require clients to settle any negative cash balance and allow credit accounts; we found no negative balance protection in them.
- Met
- Not met
Banking and custody arrangements are disclosed 2
The terms do not name the banks holding client money.
- Partly met
Withdrawal terms are disclosed 2
The terms set out how and by which methods withdrawals can be requested, but give no processing times or fees.
Criteria and their weighting are explained in the methodology.
Enforcement and substantiated adverse findings 13% of score Regulator warnings, enforcement actions and final legal findings on record.
Starts at 100 and loses points for each substantiated adverse finding by severity and age. Allegations, complaints and clone warnings never count. Total deducted: 0 points.
- Met
Warning lists and enforcement records have been searched 7
We searched FCA, CySEC and CVM records and the Indian and Malaysian alert lists, and ran web searches. We found no enforcement actions or alert-list entries.
No published findings were on record at the review date.
Criteria and their weighting are explained in the methodology.
Complaint handling and documented resolutions 8% of score How the firm handles complaints, and what independent records show.
- Partly met
A complaints procedure is published 2
The terms describe an internal complaint handling procedure available on the website, which we could not read.
- Met
- Met
Independent complaint outcomes show no adverse pattern 8
The ombudsman upheld 1 of the 14 decisions it published on Spreadex in three years (7%).
- Not determined
Complaint data is disclosed 9
Spreadex is below the thresholds for the FCA’s and the ombudsman’s firm-level tables, and we could not reach its website to check whether it publishes complaint statistics.
Criteria and their weighting are explained in the methodology.
Trading terms and operational transparency 8% of score Whether costs, execution and risks are disclosed before you sign up.
- Not determined
Costs are disclosed before account opening 5
Spreads and financing rates are on Spreadex’s website, which we could not reach.
- Not determined
An order execution policy is published 5
Spreadex’s order execution policy is on its website, which we could not reach.
- Met
The client agreement is available before sign-up 2
The spread betting and CFD terms can be read without an account.
- Partly met
Leverage and margin terms are disclosed 2
The terms explain when positions may be closed out, but margin rates are on the website we could not reach.
- Met
Risk warnings are clear and current 2
The terms carry the warning that 70% of retail investors lose money trading spread bets and CFDs with this provider. We could not see the current website.
Criteria and their weighting are explained in the methodology.
Public disclosures and communication 4% of score Whether public claims hold up and the firm communicates openly.
- Not determined
Marketing claims are accurate and attributable 5
We could not access Spreadex’s marketing pages.
- Met
- Met
Material changes are communicated 2
Material changes are notified in advance by email and each new version is published with its effective date.
Criteria and their weighting are explained in the methodology.
On-site office verification 5% of score What our visit confirmed in person: a real, staffed office of the assessed entity, not a ghost address.
We have not checked this firm’s office in person, so this dimension scores zero. We check offices through our on-site verification programme.
- Not met
Real office at the stated address, not a ghost address
- Not met
Office of the assessed entity
- Not met
Staffed and operating
Criteria and their weighting are explained in the methodology.
On-site assessment and platform testing 10% of score What our on-site checks and 30-day platform testing found.
We have not completed an on-site assessment of this firm, so this dimension does not count and its weight is shared among the others.
- Not determined
Company identity
- Not determined
Regulatory claims
- Not determined
Office visit
- Not determined
Account opening
- Not determined
Platform usability
- Not determined
Costs and disclosures
- Not determined
Customer support
- Not determined
Deposits and withdrawals
- Not determined
Trading functions
- Not determined
Complaints process
Criteria and their weighting are explained in the methodology.
Regulation and legal entities
A brand can trade through several companies, each licensed in a different place with different protections. Check which entity your account would be with.
Spreadex.com Limited
No licence recorded for this entity.
Dated findings
Warnings, enforcement actions, legal findings, allegations and complaint records are labelled separately. What each label means.
No findings recorded
We have not recorded any warnings, enforcement actions, legal findings, allegations or complaint records for this firm. That means none are on our record; it does not mean none exist.
Company response
Firms can respond to their profile and to any finding. No response has been published for Spreadex. How firms can respond.
Assessment history
| Review date | Result | Methodology | Status |
|---|---|---|---|
| 6 Oct 2026 | Trust score 85 out of 100 Strong | 1.2 | Current |
Corrections and updates
No corrections have been made to this profile.
Sources
- 1 Financial Services Register: investment firms list (CSV), data as at 3 October 2026 (opens in a new tab)
Shows Spreadex Limited (FRN 190941), first authorised 1 December 2001, with status Authorised.
- 2 Spreadex financial spread betting and CFD terms and conditions (last updated 6 November 2023) (opens in a new tab)
Customer agreement of Spreadex Limited (company 03720378, Churchill House, Upper Marlborough Road, St Albans), authorised by the FCA. Retail clients’ money is held on trust in a segregated bank account under the FCA’s client money rules, but professional clients’ money is not; clients must settle any negative cash balance, and some accounts have credit limits. Positions may be closed when the available balance turns negative. Retail clients can refer complaints to the Financial Ombudsman Service, and the FSCS is mentioned. Material changes are notified in advance by email, with each new version published with its effective date. The included risk warning says 70% of retail investors lose money trading spread bets and CFDs with this provider.
- 3 Companies House: Spreadex Limited (03720378) (opens in a new tab)
Registered office Churchill House, 26-30 Upper Marlborough Road, St Albans AL1 3UU. Directors include Thomas Woodstock Harris, Paul Edward Woodstock Harris, Jonathan Gordon Hufford, David Ross Mackenzie, Allan Philip Morley and James Rodney Hallan. Spreadex.com Limited (03542879) owns 75% or more of the shares and votes. Group accounts were filed for the year to 31 May 2025.
- 4 Companies House: Spreadex.com Limited (03542879) (opens in a new tab)
Peter Woodstock Harris is registered as holding more than 25% but not more than 50% of the shares and votes; no other person with significant control is listed.
- 5 Spreadex website (opens in a new tab)
From our location, requests to www.spreadex.com on 5 October 2026 were answered with another company’s certificate (*.cablenet.com.cy), a sign of network-level blocking, so we could not read the website’s pricing, execution policy or other pages. We used the terms published on spxstatic.com.
- 6 FSCS: investments (opens in a new tab)
For investment firms that failed after 1 April 2019, the FSCS pays up to £85,000 per eligible person, per firm. The £120,000 limit, from December 2025, is for deposits.
- 7 Searches of FCA, CySEC and CVM records and the Indian and Malaysian alert lists for Spreadex (opens in a new tab)
On 5 October 2026 we searched the FCA’s list, CySEC’s 1,173 board decisions, the CVM’s declaratory acts, KNF’s lists and the Indian, Securities Commission Malaysia and Bank Negara Malaysia alert lists, and ran web searches for actions by the FCA and others. We found no enforcement actions or alert-list entries.
- 8 Ombudsman decisions: Spreadex Limited, October 2023 to October 2026 (opens in a new tab)
Between 4 October 2023 and 4 October 2026 the ombudsman published 14 decisions about Spreadex Limited and upheld 1.
- 9 FCA firm-level complaints data 2025 H2 and Financial Ombudsman business complaints data (July 2025 to March 2026) (opens in a new tab)
Neither dataset includes Spreadex Limited; both publish firm-level figures only above minimum complaint volumes.
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