spreadmkt.com is an online broker website providing CFD trading services, established on September 11, 2024. Its business spans across multiple financial markets including Forex, precious metals, crude oil, indices, and cryptocurrencies, offering CFD trading to its users. However, the platform does not offer services in regions where it may conflict with local laws and regulations.
Overview of Platform Services
Trading Accounts
spreadmkt.com offers trading accounts with spreads starting from 1 pip and allows leverage up to 1:400. However, the platform does not disclose information about minimum deposit requirements, margin calls, or stop-out levels on its website. Details regarding trading commissions are also not published.
Trading Platform
The broker supports trading through the ST5 platform. The ST5 platform is available in both desktop and mobile versions, featuring advanced charting tools, over 50 technical indicators, and integrated intraday trading analysis tools.
Nonetheless, according to links on the website, the App Store version of the mobile application appears as ACMJ, while the Google Play Store version is listed as RTHYUTG.
Details of Trading Products
Forex
The platform provides users with CFD trading on various major currency pairs, including popular pairs like EUR/USD, USD/CAD, GBP/USD, and USD/JPY.
Precious Metals
Users can trade spot precious metals on the platform, including Gold (XAUUSD) and Silver (XAGUSD).
Crude Oil
The platform supports CFD trading on US Crude Oil (UsOIL).
Indices
The platform covers a variety of major global indices, such as the Nikkei 225 (N225), Germany's DAX Index (GER30), and the S&P 500 Index (US500).
Cryptocurrencies
Users can trade cryptocurrency pairs on the platform, including Bitcoin (BTC/USD), Ethereum (ETH/USD), and Ripple (XRP/USD).
Deposit and Withdrawal Methods
spreadmkt.com does not clearly specify deposit and withdrawal methods on its website, nor does it mention any potential fees. This lack of transparency may raise concerns among potential users.
Contact Information and Social Media
The broker does not provide official accounts on major social media platforms like Facebook, Instagram, or Twitter. Users can only communicate with the platform via the online contact form or official email provided on the website.
Company Background and Regulatory Information
Company Background
According to information released by spreadmkt.com, the company entity is Spreadex Markets Ltd, headquartered at 286 Euston Rd., London, and claims to be one of the top 50 financial service companies in the UK. However, the platform does not provide detailed company registration information, nor does it specify any regulatory oversight.
Regulatory Information
A company named "SPREADEX MARKETS LTD" is registered on the UK Companies House website, with registration on July 4, 2024, under number 15818896. However, this company has not been authorized or regulated by the UK Financial Conduct Authority (FCA).
Due to insufficient information provided by spreadmkt.com, it is also unclear if there is a direct relationship with this registered company.
Conclusion
spreadmkt.com is a CFD broker established in 2024, offering trading opportunities across various markets. However, it is not authorized or regulated by financial regulatory authorities, and doubts remain about the actual existence of its company entity.
Risk Warning: CFD trading is highly speculative and carries a high level of risk, which may result in losses exceeding the initial investment. Investors should fully understand the potential risks associated with market volatility before engaging in such trading and ensure they possess the capability to manage related risks. It is advised to trade on platforms authorized by established financial regulatory bodies and to manage financial resources prudently.
