SEDX has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
After spending for the past six months trying to make SEDX work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: No hidden fees|Educational resources|Reliable uptime
Cons: Email notifications too frequent
My card was charged twice by SEDX on the same day. I had to dispute it with my bank. SEDX then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Instant funding|Helpful community forum|Personal attention|Regular platform improvements
Cons: Live chat only during business hours
The spread at SEDX is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after a trusted YouTuber reviewed them and initially thought the platform was good - until I started trading seriously.
Pros: Great customer service|Clear documentation|Good mobile app|High security standards
Cons: Help articles are sometimes vague|Website design could be more modern
After seeing ads for SEDX online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Financial Markets Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Pros: Website looks legitimate on the surface
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
I requested my data from SEDX under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Copy trading available|Real-time alerts|Great customer service
Cons: Currency conversion fee exists
I joined SEDX when my bank disappointed me and I searched for alternatives and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Good analytical tools|Stable platform
Cons: Could offer more webinars
What really bothers me about SEDX is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them after seeing their ad online and I fell for the polished exterior. Never again.
Pros: Customizable dashboard|Comprehensive tools
Cons: Spreads widen during volatile periods|Withdrawal takes 1-2 business days
SEDX seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Instant funding|API access|Demo account available|Clear documentation
Cons: Withdrawal takes 1-2 business days|Limited ETF selection
I trusted SEDX with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Detailed reporting|Tax reports included|Full transparency
Cons: Onboarding videos are outdated|Limited ETF selection
I had a dispute with SEDX and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Social trading features|Reliable uptime|Multi-currency support|Competitive fees
Cons: Slow to add new assets