Betting Reviews
Spreadex Review (2023) Spread Betting
Spreadex Review
In this Spreadex review, I’ll be taking an in-depth look at this top spread betting company, concentrating mainly on the sports products. Spreadex are a great choice for both sports spread betting and fixed odds betting. They also cover financial spread betting.
If you don’t yet know how to spread bet, then you can learn here or read my sports spread betting blog.
I have held spread betting accounts with a number of different operators over the years, so let me guide you through.
Spreadex was started in 1999 and is a dynamic firm. It has featured in the Sunday Times Profit Track list of 100 fastest growing UK companies on three occasions. They were also listed in the top 1000 fastest growing companies in Europe in 2017. Spreadex are still the only company to offer both spread betting and fixed odds betting from the one account.
Why Spreadex?
| ✅ In Business 20y+ | ❌ Limited Deposit Options |
| ✅ Good Promotions | ❌ Homepage Layout |
| ✅ Many Awards Won | |
| ✅ Huge Range of Markets | |
| ✅ Credit Accounts Available | |
| ✅ Segregated Account Funds | |
| ✅ Sports Financial Fixed Odds |
Index
| Spreadex Review Video | Mobile App |
| Promotions | Security |
| Statistics Package | Other Products |
| Banking & Deposits | Conclusion and Rating |
| Contact Options |
Spreadex Review Video
Here is a brief overview of the Spreadex sports home page. Go to the page here and follow along.
Note: Spreadex are ‘big’ on in-play sports betting for both spread betting and fixed odds betting. They offer a lot of ‘live streaming’ events so you can watch on the website. They also offer three convenient ways to ‘cash out’ during events; One-Click Cashout, Auto Cash Out and Partial Cash Out.
Promotional Offers
It’s a little known fact that spread betting companies have some of the best promotions out there. Over the years, I have seen generous sign up offers in the form of large ‘cash bonuses’ and even ‘free gifts’, so keep it in mind. Spreadex offer an option for a free iPad instead of the £300 cashback.
Please read the relevant offer terms and conditions.
Currently, Spreadex sign up offers are:
Sports Spread Betting (New Accounts): Bet £10 and get 2 x Free £5 Spread Bets + £300 Cashback. You can choose to receive a 10.2 inch 32GB iPad instead of the £300 cashback if you prefer.
Fixed Odds (New Accounts): Bet £25 and get up to £50 in bet bonuses.
Financial Spread Betting: Deposit £500 and get a Free 6 month Financial Times subscription
Spreadex also have ongoing offers for existing customers. For example they might offer free spread bets, money back as a free bet if your horse is beaten by a big outsider and so on. They also offer frequent ‘guarantees’, such as best odds on all Premiership football matches. For more details, check out their main offers page.
*Updated* Spreadex Review – Free Stats Package
Spreadex offer a free comprehensive stats package to all users. You’ll find stats on: matches, players, referees, stadiums, league tables, historical odds, competition draws, archives and more.
The referee and stadium stats are especially useful for those interested in betting and trading on corners in particular matches / stadiums. The stats are easy to use and easily accessible.
Note. Only a portion of the stadiums and referees list are shown in the images below, as they are extensive – click to expand.
*Updated* Spreadex Review – Registration and Deposits
Spreadex offer reasonable bank and card deposit options. However, no web wallet options.
Minimum is as low as £1.00 / Maximum is usually over £1000 per day Rolling NET) but limits are ‘account specific’.
Minimum is as low as £1.00 / Maximum is usually over £1000 per day Rolling NET) but limits are ‘account specific’.
Minimum is as low as £1.00 / Maximum is usually over £1000 per day Rolling NET) but limits are ‘account specific’.
Contact Options
Email Support: This has an excellent turn around time but an even better option is Live Chat.
Live Chat: Quick and easy Live Chat option is generally the best way to discuss and issues you may have. I have always been answered promptly.
Phone: Spreadex offer a general enquiries line for Sports and Financial spreads, as well as individual Sports Desk and Financial Desk phone numbers for placing bets and trades.
Mobile App
- Reliable
- Sports, Financials, Casino
- Face ID, Touch ID, & PIN Login Options
- In Play & Cash Out Options
- Android and iPhone
Spreadex offer an excellent sports mobile app, covering spread betting and fixed odds. At the time of writing they have a score of 4.6 / 5 in the Apple App Store. The app mimics the Spreadex website very well, so app users should find themselves in familiar territory when it comes to navigation and bet placement. Their excellent Live Chat is now also available on the app.
Separate apps are offered for Financials and Casino, so there are three apps in total.
Note that although the ‘sports app’ states ‘Football Betting’ – it is in fact for all sports.
Security
- SSL Encryption
- FCA Regulated
- Segregated Accounts
Spread Betting Funds
Retail client funds are held in a ‘spread betting ledger’, in a segregated Barclays and/or Lloyds bank account in keeping with the FCA client money rules. This includes, cash deposits, the valuation of open bets, winnings, as well as uncleared cheques.
These funds are held by Spreadex as trustee. Under no circumstances will any retail client money be used with Spreadex’s own funds. Neither will funds be placed with third parties, lie brokers for example.
Fixed Odds Funds
Any Retail Client or Professional Client funds, that are held in a Spreadex fixed odds account, are again held as trustee, in a separate / segregated Barclays or Lloyds account
In line with Gambling Commission directions, fixed odds balances receive ‘medium protection’. Customer funds are separated from business accounts. In the event of insolvency, arrangements have been made to make sure that funds and assets in customer accounts are distributed to customers.
Other Products
Spreadex’s main products are fixed odds betting, sports spread betting and financial spread betting. Other products offered are virtual sports and a casino.
Financial
Quick Facts:
- 10,000 Global Markets
- Attractive Margin Rates
- Trade Indices, Commodities, FX, AIM
- Trade Options, ETF’s, Interest Rates, Bonds
- Guaranteed Stop Losses
- Leverage
- Bitcoin / Crypto Trading
- Trading View Charting
The financial spread betting side of the business has a great reputation in the industry and clients are offered all the ‘bells and whistles’ expected as traders – including the excellent Trading View charting and information package.
Casino
I don’t play casino games. However Spreadex Casino offers plenty of options:
Quick Facts:
- Over 75 video games
- 50 Live Dealer Games
- 150 Slots Games
- 13 Roulette Games
- 14 Blackjack Games
- 26 Megaways Games
Virtual Sports
Spreadex offer a good range of virtual sports. Graphics are actually surprisingly fluid and you have the option of going ‘full screen’ for both mobile and laptop / desktop.
Quick Facts:
- Football
- Horse Racing
- Greyhounds
- Motor Racing
- Badminton
- Table Tennis
Spreadex Review Conclusion
Spreadex are a dynamic, forward thinking company. From my own experience, customers are always dealt with in an efficient and professional manner. They do have the odd ‘bad review’ on Trustpilot but I can only think these stem from customers not fully understanding the terms and conditions of ‘sign up offers’, bet conditions, or simply having a case of ‘sour grapes’ from losing.
They offer what no other company offers in terms of sports and spread betting options and have a financial spread betting arm of the business too.
I am happy to rate Spreadex 4.75/5.00
