SpreadEx Close Account

Adam Rosen - Lead financial writer

Updated 12-Jun-2024

SpreadEx Close Account

For whatever reason you may wish to close or delete your live SpreadEx trading account. SpreadEx is a multi-asset broker that was established in 1999 and is headquartered in UK. SpreadEx offers trading in Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Pennystocks, Energies, Metals, Agriculturals, ETFs, IPO, Bonds, Options, Treasuries, to over 10,000 clients. There are a few ways to close and deactivate your live SpreadEx account including online, through email and even through the post. Closing your SpreadEx account will take around 3 to 10 days depending on your circumstances. There are a few things you will need to check before you close your SpreadEx acccount as once your SpreadEx account is fully deactivated, any trading research and available SpreadEx funds or any other data that remains needs to be in your possession. Once SpreadEx trading platform access is lost.

What are the steps to deactivating and closing my SpreadEx account?

  1. Once logged into SpreadEx, choose "delete" or "Close Account" from the SpreadEx drop-down menu that is located at the very bottom of the page on the SpreadEx. Once you have navigated to the SpreadEx settings page, select the option that allows you to delete your SpreadEx live trading account.
  2. A pop-up will inquire as to the motivation for your decision to close your SpreadEx account, and it will provide you one final opportunity to change your mind. A SpreadEx representitive may also contact you to confirm your SpreadEx account closure.

It is now possible to close your SpreadEx account within three days, provided that all of your SpreadEx positions have been closed and all available SpreadEx funds have been withdrawn.

Although there are thousands of people who use SpreadEx, at some point you may want to close your SpreadEx account. It only takes a few clicks of a button to delete your SpreadEx account if you decide you've had enough of the SpreadEx platform and no longer want to use it.

Before you close your SpreadEx account, double check that all open trades have been closed and that you have withdrawn the full amount of money from your available SpreadEx balance.

You can terminate your SpreadEx account via email

You can log in to your SpreadEx account using the email address that you provided during the SpreadEx registration process in order to terminate your SpreadEx account. Send an email to [email protected] requesting that your SpreadEx account be closed. The email should contain your SpreadEx account deactivation and closing request.

Your SpreadEx Account Can Be Closed Via Telephone

you can also contact a SpreadEx support agent by calling 44 (0) 1727 895 000. They will be able to assist you.

To delete your SpreadEx account, go to https://www.spreadex.com/ and then follow the instructions that are provided on the SpreadEx website. If you have any questions or concerns about deleting your SpreadEx account.

Your SpreadEx Account Can Be Closed Via Post

You can send a letter to the SpreadEx head office in St Albans, UK to request that your live SpreadEx account be closed. closing your SpreadEx account via post will take allot longer and you will want to know if SpreadEx recieved your SpreadEx account closing letter.

How Much Time Will It Take Before My SpreadEx Account Is Deleted?

SpreadEx requires three to ten business days to close your account, and their may be some associated fees when closing your SpreadEx acccount. SpreadEx accounts with available funded balance may take longer if you do not provide SpreadEx with a withdrawal method and verify your ID.

Is it possible to reactivate my SpreadEx account after it has been closed?

When an SpreadEx account is closed, it cannot be reopened under any circumstances; however, a new SpreadEx account can be created at any time by using a different username and email address. Your SpreadEx trading history and data will be wiped clean from any previous SpreadEx transactions that you have closed, as well as any active SpreadEx accounts you have had in the past.

Are Multiple SpreadEx Accounts Possible?

You are free to create as many SpreadEx accounts as you like. You will need to register with SpreadEx with the same name and documents as you did when you created your previous SpreadEx account in order to do this. You will, however, be required to create a new SpreadEx login name and email address for your new SpreadEx accounts.

What Are Some of the Reasons That People Want to Cancel Their SpreadEx Account?

The majority of newcomers struggle with fundamental issues such as risk management, which frequently results in significant financial losses with brokers like SpreadEx. People typically decide to close their trading account on SpreadEx because they no longer wish to participate in the SpreadEx platform's trading activities. Its possible you have trading accounts else where and you wish to close up SpreadEx or you are looking for an SpreadEx alternative.

Inactivity Fees for Your SpreadEx Account

It's possible that you have an SpreadEx account in which you haven't executed a live buy or sell order in a few months. If this is the case, your SpreadEx account may be marked and dormat and eventually locked.

Because SpreadEx does charge inactivity fees for SpreadEx dormant accounts, you should make sure to close any SpreadEx accounts you have with SpreadEx that you no longer intend to use.

Withdraw the remainder of your SpreadEx balance

You can take money out of your SpreadEx account whenever you like by using the SpreadEx trading platform or going to the website https://www.spreadex.com/.

In order to accomplish this, you will need to take any remaining money out of your SpreadEx broker account, which is a process that is also known as final SpreadEx balance withdrawal.

There is a wide variety of withdrawal methods offered by brokers like SpreadEx, as well as differences in the amount and speed of withdrawal speeds depending on your chosen SpreadEx withdrawal method.

You are permitted to withdraw funds from your SpreadEx account up to the value of the available funds in your SpreadEx account at any given time. Because you are not required to keep any money in your SpreadEx account, you are free to withdraw the entirety of your SpreadEx balance whenever you see fit. Remember that any SpreadEx funds that you withdraw will be put back into the same account that they came from when you made the SpreadEx deposit. This is the most important thing to keep in mind.

It is possible that you will be required to provide an alternative method in order to withdraw money from SpreadEx if your details have changed since the time that you initially deposited the SpreadEx funds.

When you withdraw money from SpreadEx, the process is not instant; rather, it typically takes at least several business days for the money to reach you. SpreadEx withdrawal times differ depending on the selected payment method in your SpreadEx dashboard.

If all of the information associated with your SpreadEx account is accurate, the processing of your request to withdraw funds from your SpreadEx account may take up to one to ten business days. The amount of time it is estimated to take to receive payment from SpreadEx after a withdrawal has been processed varies entirely according to your chosen method of payment and is dependent on the 3rd party payment service provider supported by SpreadEx.

SpreadEx Account Deactivation Delays

Because there is a possibility of delays when withdrawing large sums of money from an SpreadEx account, we recommend getting in touch with your financial institution in advance. Additional SpreadEx waiting time may be incurred due to the placing of a security hold on large SpreadEx withdrawals. Please check with your financial institution before initiating a SpreadEx withdrawal because the processing times associated with each SpreadEx withdrawal method are unique.

While your SpreadEx account is 'Under Review', you will still be able to withdraw funds from it; however, you will need to have funds that are eligible for SpreadEx withdrawal in order to complete the withdrawal process. Once your SpreadEx withdrawal request has been processed by SpreadEx and the withdrawal process has been finished, you will be notified via email that the request has been fulfilled.

It is important that you understand that you can only withdraw SpreadEx money into accounts that are under your own name.

Withdrawal Fees Charged by SpreadEx

Because 3rd party fees for SpreadEx international bank transfers and wire transfers can be quite high, you should make it a habit to double check whether or not this is something that will be applicable to the SpreadEx closing transactions you conduct.

At SpreadEx, the withdrawal of funds for basic transactions is free of charge. You will be subject to an additional fee by your 3rd part SpreadEx withdrawal method for currency conversion if you choose to withdraw funds in a currency other than US dollars (USD). The prices of the SpreadEx withdrawal services may shift at any time in response to shifts in the market conditions.

The majority of withdrawal requests made to SpreadEx are processed free of charge through common withdrawal methods like Credit cards, VISA, Switch, Maestro, Debit cards, Bank Transfer, Payoneer.

How to Uninstall the SpreadEx App on Your iOS or Android Device

On your iOS or Android device when the app list window displays, touch and hold the SpreadEx app icon until it appears, and then pick the option to Remove App from the menu. After opening the app drawer, which is where all of your apps including SpreadEx are kept, you may move them to the Uninstall area (on Android) on the left side of the screen by dragging and dropping them there. From that screen, select the Delete SpreadEx App option to confirm that you wish to remove the SpreadEx application from your phone. Tap the minus sign or the X to delete SpreadEx applications, which is the quickest and easiest method to remove SpreadEx applications from your device.

SpreadEx should be removed from your computer if no longer needed

If you have downloaded SpreadEx to your PC or Mac computer you can uninstall any SpreadEx software and remove SpreadEx from your web browser.

What You Need To Do To Cancel A Request To Close Your SpreadEx Account

You can get in touch with SpreadEx customer support via e-mail, the phone, or live chat if available if you don't feel like closing your SpreadEx account. As long as your SpreadEx close account status is 'Under Review' or 'In Progress', you may cancel your SpreadEx account closure request by contacting SpreadEx customer support.

How Does The SpreadEx Account Compare Against Other Brokers?

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    🀴 SpreadEx is Used By: 10,000
    ⚑ SpreadEx is Regulated by: Financial Conduct Authority (FCA)

    πŸ’΅ What You Can Trade with SpreadEx: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Pennystocks, Energies, Metals, Agriculturals, ETFs, IPO, Bonds, Options, Treasuries,
    πŸ’΅ Instruments Available with SpreadEx: 15000

    πŸ“ˆ SpreadEx Inactivity Fees: No
    πŸ’° SpreadEx Withdrawal Fees: 0, minimum £50
    πŸ’° SpreadEx Payment Methods: Credit cards, VISA, Switch, Maestro, Debit cards, Bank Transfer, Payoneer,
    πŸ’° SpreadEx Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, Yes

    SpreadEx Risk warning : Losses can exceed deposits

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    πŸ’΅ Instruments Available with IC Markets: 232

    πŸ“ˆ IC Markets Inactivity Fees: No
    πŸ’° IC Markets Withdrawal Fees: No
    πŸ’° IC Markets Payment Methods: Credit Cards, VISA, MasterCard, Debit Cards, Visa, MasterCard, Bank Transfer, PayPal, Neteller, Neteller VIP, Skrill, Poli, Cheque, BPAY, UnionPay, FasaPay, QIWI, RapidPay, Klarna, Electronic wallets (eWallets), Broker to Brokers, Thai Internet Banking, Vietnamese Internet Banking,
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    IC Markets Risk warning : Losses can exceed deposits

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    πŸ“ˆ Roboforex Inactivity Fees: No
    πŸ’° Roboforex Withdrawal Fees: Yes
    πŸ’° Roboforex Payment Methods: Credit cards, VISA, MasterCard, JCB, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Perfect Money, AdvCash, BPAY, China UnionPay, FasaPay, CashU, WeChat Pay, ecoPayZ, AstroPay, Sofort, Giropay, Poli, Wepay, iDEAL, Payoneer,
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    πŸ’΅ What You Can Trade with AvaTrade: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs, IPO, Bonds,
    πŸ’΅ Instruments Available with AvaTrade: 1000

    πŸ“ˆ AvaTrade Inactivity Fees: No
    πŸ’° AvaTrade Withdrawal Fees: No
    πŸ’° AvaTrade Payment Methods: Credit cards, VISA, MasterCard, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, WebMoney, Payoneer,
    πŸ’° AvaTrade Account Base Currencies: USD, GBP, EUR, JPY, AUD

    AvaTrade Risk warning : 71% of retail CFD accounts lose money

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    πŸ’΅ What You Can Trade with FP Markets: Forex, Minors, Majors, Exotics, Indices, Metals,
    πŸ’΅ Instruments Available with FP Markets: 100

    πŸ“ˆ FP Markets Inactivity Fees: No
    πŸ’° FP Markets Withdrawal Fees: No
    πŸ’° FP Markets Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, BPAY, POLi, PayPal, Neteller, Skrill, PayTrust, NganLuong VN, Fasapay, Broker to Broker, OnlinePay China, Directa24, Klarna, PayTrust88, Payoneer,
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    FP Markets Risk warning : Losses can exceed deposits

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    πŸ’΅ Instruments Available with NordFX: 50

    πŸ“ˆ NordFX Inactivity Fees: No
    πŸ’° NordFX Withdrawal Fees: No
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    πŸ’΅ What You Can Trade with XTB: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Pennystocks, Energies, Metals, Agriculturals, ETFs,
    πŸ’΅ Instruments Available with XTB: 4000

    πŸ“ˆ XTB Inactivity Fees: Yes
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    πŸ’° XTB Account Base Currencies: USD, GBP, EUR

    XTB Risk warning : 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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    πŸ’΅ What You Can Trade with Pepperstone: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals,
    πŸ’΅ Instruments Available with Pepperstone: 100

    πŸ“ˆ Pepperstone Inactivity Fees: Yes
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    πŸ’΅ What You Can Trade with XM: Forex, Stock CFDs, Commodity CFDs, Minors, Majors, Exotics, Equity Indices CFD, Energies CFD, Precious Metals
    πŸ’΅ Instruments Available with XM: 1000

    πŸ“ˆ XM Inactivity Fees: Yes
    πŸ’° XM Withdrawal Fees: No
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    XM Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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    πŸ’΅ Instruments Available with eToro: 2000

    πŸ“ˆ eToro Inactivity Fees: Yes
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    πŸ’΅ Instruments Available with easyMarkets: 200

    πŸ“ˆ easyMarkets Inactivity Fees: No
    πŸ’° easyMarkets Withdrawal Fees: No
    πŸ’° easyMarkets Payment Methods: Credit cards, MasterCard, Maestro, American Express, JCB, Astropay, Debit cards, Bank Transfer, SOFORT, GiroPay, iDeal, Bpay, Electronic wallets (eWallets), Skrill, Neteller, WebMoney, UnionPay, WeChatPay, FasaPay, STICPAY,
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    easyMarkets Risk warning : Your capital is at risk


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