The safety dossier

Home / Reviews / Spreadex / Deposits and withdrawals

Getting your money out of Spreadex

If a broker ever fails, the questions are how your money was held and how fast it could come back. This is how Spreadex handles withdrawals today.

Regulation: Financial Conduct Authority (FCA), FRN 190941. How Spreadex is regulated

Facts last checked . Read the full Spreadex review.

Deposits and withdrawals

Deposit methods
Debit/credit card, Apple Pay, Google Pay, Pay by Bank, bank transfer, cheque
Withdrawal methods
Pay by Bank, Visa/Mastercard, Apple Pay, Google Pay, bank transfer, cheque
Deposit time
Cards/digital payments generally instant; bank transfer dependent
Withdrawal time
Method-dependent; same-day CHAPS available
Minimum withdrawal
£5
Local payment methods
Pay by Bank / UK bank transfer

What this means

Withdrawals are stated at Method-dependent; same-day CHAPS available, against Cards/digital payments generally instant; bank transfer dependent for deposits. A gap between the two is normal and not in itself a warning sign - identity checks are a legal obligation, not obstruction. What is worth noticing is a withdrawal that keeps meeting new conditions after those checks are done.

Withdrawal routes: pay by bank, visa/mastercard, apple pay, google pay, bank transfer, cheque. Money is usually returned by the route it arrived on, so the deposit method you pick is in effect the withdrawal method you are picking too.

The minimum withdrawal is £5 - relevant if you intend to fund the account lightly, since it sets the smallest amount you can take out at a time.

Questions about Spreadex deposits and withdrawals

How do you withdraw from Spreadex?

Withdrawals from Spreadex are made by pay by Bank, Visa/Mastercard, Apple Pay, Google Pay, bank transfer, cheque. Most brokers return money by the method it arrived by, so the deposit method decides the withdrawal method.

How long does a Spreadex withdrawal take?

Spreadex records withdrawal times of method-dependent; same-day CHAPS available. The broker's processing time and the bank's or card issuer's time are separate, and the published figure is usually the broker's.

Is there a minimum withdrawal at Spreadex?

The minimum withdrawal at Spreadex is £5.

Deposits and withdrawals at brokers under the same regulator

More about Spreadex