Spreadex Fees and Commissions 2026: FX Spreads, Share CFD Commission and Funding

Spreadex does not have one commission-free price model for every market. For forex spread bets and forex CFDs, the main cost of opening and closing a trade is the dealing spread. For share CFDs, the market spread and a separate dealing commission both matter. Holding a daily position overnight adds funding, and some trades also bring currency conversion, short-borrow or other product-specific charges.

For a UK trader comparing total costs, that distinction is more useful than any blanket claim about zero commission. Spreadex's financial trading cost guide sets out the different treatment for shares and non-share markets. This review focuses on Spreadex Limited's UK financial spread betting and CFD service, not sports betting, ownership of physical shares or an assumed global forex account. Pricing references were checked on 4 November 2026; live quotes and applicable schedules may change.

Review update

What's New Since Our Last Update

This page now separates the costs of forex trading, share CFDs and share spread bets instead of treating every Spreadex product as commission-free.

• Commission clarified: Share CFDs incur market spread plus a separate commission; non-share FX transactions are priced through the spread.
• Overnight and conversion costs added: The review now explains FX funding, share-position financing, currency conversion and short-borrow charges.
• Payment tables corrected: The old unsupported percentage charges for deposits and withdrawals have been replaced with Spreadex's stated UK financial-account terms.
• Tax and product limits distinguished: UK spread-betting and CFD tax treatment is explained separately from actual broker fees, with primary-source links.

Spreadex Fees at a Glance

The fee depends on what is traded, how exposure is taken and how long the position remains open. This is the practical breakdown from Spreadex's financial cost guidance and the relevant market pages:

Trade or account activity	Main cost	What to check
Forex spread bets and forex CFDs	Bid/ask dealing spread for opening and closing; no separate dealing commission on those non-share transactions	Quoted spread for the pair and size; overnight funding for spot positions
Share CFDs	Underlying market bid/ask spread plus a separate commission	Share-specific commission quote on entry and exit, financing, currency conversion and short-borrow if short
Share spread bets	Market spread plus Spreadex's markup within the dealing spread	Full quoted spread and any rolling funding; markup is an economic dealing cost even without a separate commission debit
Daily or rolling positions held overnight	Funding adjustment that varies by market, direction, rates and time held	Instrument's current funding methodology and application time
Foreign-currency cash flows	Possible currency conversion cost or exchange-rate impact	Account base currency, traded market and payment route
Standard deposits and withdrawals	No Spreadex fee for standard financial-account methods	Bank or card provider charges; optional £25 guaranteed same-day CHAPS withdrawal
Account maintenance or inactivity	No advertised joining, maintenance or inactivity fee	Trading and market-related charges still apply when positions are open

These are categories of charges, not fixed quotations. An active spread, cash commission and overnight rate cannot be compared as though they were all quoted in pips. The broker's market information directory and the order ticket for the specific instrument remain the sensible place to check the amount before dealing.

Forex Spread Costs: What Does a Trade Actually Cost?

Spreadex's forex spread-betting market schedule advertised EUR/USD from 0.6 pip and GBP/USD from 0.9 pip when checked on 4 November 2026. These are from figures, not a guarantee of the price available throughout the session or for every order size. The forex CFD schedule also provides market-specific starting spread widths and funding data.

The spread is the difference between the buy and sell quote. It is an immediate hurdle for the position: a trade opened at the buy price normally has to overcome that difference before it can break even on the sell quote, assuming no market move, slippage or other adjustment. A forex spread bet of £5 per point entered at an illustrative spread of 0.9 point starts with a dealing-spread cost equivalent to £4.50. That calculation describes a hypothetical quote, not an executed Spreadex trade; the platform's real-time spread controls the actual result.

Because Spreadex treats FX as a non-share market, its published financial cost guide says there is no additional cash dealing commission for entering or exiting the FX position. That is narrower and more accurate than saying that every product or every holding period is commission-free. Spreads can widen with thin liquidity, volatility or larger orders, and overnight financing is a separate consideration.

Share CFD Commission Versus Share Spread-Betting Spreads

Share CFDs: market spread plus a cash commission

For a share CFD, Spreadex identifies two dealing costs: the underlying share market's bid/ask spread and a commission debited separately to the account. The commission belongs in the total cost on both entry and exit where charged. A comparison that looks only at the displayed market spread understates the cost of trading shares. Spreadex's CFD trading guide and cost explanation confirm this distinction.

No universal share-CFD commission percentage is quoted here. It would be misleading to apply one fee to every UK, US or other share without the instrument's current tariff, any minimum commission and the account's terms. Check the selected share's market information or obtain the dealing cost from Spreadex before placing the trade, particularly when commissions on small orders may dominate the spread.

Share spread bets: the broker's charge sits inside the quoted spread

For a share spread bet, Spreadex combines the underlying market spread with its own added spread. That extra width is economically similar to commission, although it is not posted as a separate share-CFD commission debit. A narrower underlying market spread therefore does not automatically mean a cheaper spread bet. Compare the full bid/ask quote, not just the stock exchange's spread.

The two ways of taking share exposure have different fee presentation and potentially different tax consequences. Neither removes financing risk, the impact of an adverse price move or possible additional costs on short positions.

Overnight Funding, FX Rollover and Other Trading Charges

Spot forex funding

Spreadex's FX market information explains overnight spot funding using the relevant tom-next interbank rate plus a 1.5% annualised Spreadex charge. The schedule specifies funding at 22:00 on weekdays and distinguishes the tom-next adjustment from the broker's own charge. The final funding amount can be a debit or credit depending on the currency pair and direction; it is not a fixed 1.5% fee each night.

Weekend treatment deserves attention. The schedule describes a three-day tom-next adjustment on Wednesdays for normal spot settlement and a threefold application of Spreadex's own weekend charge on Fridays. Bank holidays can change the underlying settlement-day calculation. Traders keeping a position open for several nights should examine the published method rather than multiplying a one-night estimate without considering the calendar.

Shares, indices and short borrowing

For rolling UK share exposure, Spreadex's current funding guide uses an adjusted reference rate plus a broker charge, listing a 4% annual charge for FTSE 350 shares in its example. The rate is annualised, applied proportionately to the position value and holding period, and differs from FX's 1.5% funding component. Short-position adjustments can be positive or negative, depending on reference rates. The same guide illustrates a 3.5% broker charge for stock indices; neither figure should be extended to all instruments.

Shorting a share can also attract a short-borrow charge, based on the borrow market and availability of the stock. This charge is distinct from financing and share-CFD dealing commission. A hard-to-borrow share may therefore be substantially more expensive than a liquid major share held for the same number of days.

Futures, stops and execution

Futures prices incorporate financing differently from rolling spot markets. There is generally no separate overnight funding debit simply for holding a futures contract, but rolling it into the next expiry can incur spread costs. Where an instrument offers a guaranteed stop, a product-specific stop premium may apply. Check these details and any slippage risk before using a stop or carrying a position across a session close. An attractive entry spread does not guarantee a matching exit price.

Currency Conversion and Non-Trading Fees

A forex trade does not eliminate currency conversion costs elsewhere in the account. Spreadex's FX CFD key information document (updated January 2023) and its equity CFD document (updated January 2023) identify currency conversion where profit, loss, cash adjustments or charges are in a currency other than the account's base currency. Those documents identify the charge type, but are not a reliable current universal percentage quotation. Ask for the applicable rate and any markup when trading foreign-currency assets.

Funding a financial trading account is a separate transaction. Spreadex's current deposit and withdrawal terms list all standard deposits and withdrawals as free, while a guaranteed same-day CHAPS withdrawal costs £25. The same schedule lists a £5 standard minimum deposit and a £5 minimum withdrawal of available funds, with an exception permitting a smaller entire remaining balance to be withdrawn. Payment-provider and bank costs can still matter.

For a bank transfer sent in a currency different from Spreadex's receiving account currency, its banking page says Barclays applies the prevailing retail conversion rate. For card deposits, the card issuer handles the conversion at its own rate. These payment conversions should not be confused with trading P&L conversion or forex spread costs. Spreadex's account FAQ also lists no joining, account maintenance or inactivity fees. The previously published percentage tables for PayPal, crypto transfers, e-wallets and other channels should not be treated as a verified Spreadex financial-account tariff.

Are There Taxes on Spreadex Trades?

Taxes are not the same as Spreadex's dealing fees. For an individual trading a qualifying UK financial spread bet, HMRC's financial spread-betting guidance normally treats winnings as outside capital gains tax, with no allowable capital loss. Different arrangements, business use and a trader's personal circumstances can change the analysis.

By contrast, gains from CFDs can be subject to UK capital gains tax depending on the holder and circumstances. Opening or closing a share CFD is not ordinarily subject to UK Stamp Duty or Stamp Duty Reserve Tax, as HMRC's CFD stamp-tax guidance explains. Do not confuse the 0.5% tax commonly associated with direct purchases of UK shares with an automatic charge on a derivative contract. Overseas tax rules and the treatment of professional or corporate activity may differ.

How to Compare Spreadex's Total Trading Cost

1. Choose the exact product: forex spread bet, FX CFD, share CFD, share spread bet or futures contract. Costs cannot be carried over between them.
2. Record the live entry and expected exit spread: include the spread for the actual market, stake or contract size and time of day, not only a promotional minimum.
3. Add cash commissions where applicable: for share CFDs, check the specific share's commission and any minimum for each side. For share spread bets, include the added Spreadex spread.
4. Model the holding period: use the market's current funding rate, weekend and holiday adjustments and short-borrow costs where relevant.
5. Check the account currency and cash route: include conversion, payment-provider costs and optional expedited withdrawals.
6. Apply tax treatment separately: assess it for the actual instrument and personal situation instead of counting tax as a universal broker dealing fee.

Bottom line: Spreadex is straightforward to evaluate for short-term FX trading once the live spread is known, but daily funding becomes important for multi-day positions. For share CFDs, the separately debited commission is a material extra cost and should never be hidden behind a commission-free headline. Traders who prefer longer holding periods or frequent small share trades should compare all-in costs with alternatives, not just the advertised spread. For account features beyond fees, see the main Spreadex review; for payout options, see the Spreadex withdrawals guide.

Risk warning: Financial spread bets and CFDs are leveraged products and involve a high risk of losing money rapidly. Spreads, commissions and overnight charges affect returns even when the market does not move as expected. Retail clients should assess suitability and the full risk notice before trading. UK retail-account protections do not automatically apply to professional customers or products outside their scope. Spreadex's financial trading website carries its current provider risk warning.