Spreadex Markets Ltd is a broker offering CFD trading services. Its website domain, sqdrxexchange.com, was registered on October 7, 2024. The platform mainly covers various trading markets including Forex, precious metals, crude oil, indices, and cryptocurrencies, providing CFD trading services to its users. However, the company does not provide services to regions where it may violate local laws or regulations.
Overview of Platform Services
Trading Accounts
Spreadex Markets Ltd offers trading accounts with spreads starting from 1 point and provides leverage of up to 1:400. However, its website does not specify key information regarding minimum deposit requirements, margin calls or stop-out margins, and trading commissions.
Trading Platform
This broker supports the ST5 trading platform, with options for both desktop and mobile use. The ST5 platform is equipped with advanced charting tools and over 50 technical indicators, along with intraday trading analysis tools.
According to the links provided on the website, the mobile trading software is listed as ACMJ in the App Store and RTHYUTG on Google Play.
Introduction to Trading Products
- Forex: Offers CFDs on various major Forex pairs, including EUR/USD, USD/CAD, GBP/USD, and USD/JPY.
- Precious Metals: Allows trading of spot precious metals such as gold (XAUUSD) and silver (XAGUSD).
- Crude Oil: Supports trading of US oil (UsOIL).
- Indices: Covers major global indices such as the Nikkei 225 (N225), DAX 30 (GER30), and S&P 500 (US500).
- Cryptocurrencies: The platform offers trading in various cryptocurrency pairs including Bitcoin (BTC/USD), Ethereum (ETH/USD), and Ripple (XRP/USD).
Deposit and Withdrawal Methods
The website of Spreadex Markets Ltd does not provide detailed information about deposit or withdrawal methods, nor does it clarify whether there will be any associated fees.
Contact Information and Social Media
This broker does not offer communication through popular social media platforms like Facebook, Instagram, or Twitter. Users can reach out through the website's online contact function or official email.
Company Background and Regulatory Status
Company Background
According to public information on sqdrxexchange.com, Spreadex Markets Ltd is headquartered at 286 Euston Rd., London. The company claims to be one of the top 50 financial services companies in the UK. However, its website does not provide detailed company registration information or specific regulatory status.
Regulatory Information
Upon verification with the UK Companies House website, there exists a company with the same name, "SPREADEX MARKETS LTD," registered on July 4, 2024, with the registration number 15818896. However, the company is not authorized or regulated by the UK Financial Conduct Authority (FCA).
Additionally, as sqdrxexchange.com does not publish detailed company registration information, it cannot be confirmed whether the platform is directly associated with the company registered in the UK.
Conclusion
Spreadex Markets Ltd is a CFD broker company established in October 2024, but it has not obtained formal authorization from any financial regulatory authority.
Risk Warning: CFD trading carries a high level of risk and may result in losses beyond the initial investment. Traders should be fully aware of the potential risks due to market volatility and ensure they have adequate risk tolerance. It is advised to choose platforms that are properly regulated and manage funds cautiously.
