Spreadex Review 2018 - Read our sportsbook rating and find out if Spreadex is reliable

Last updated & tested: 28.11.2018
Ok
66/100
Bonus
20
Odds
0
Service
0
Your rating
50
Awards:
Position: 1 at the award: Rugby Awards
Position: 1 at the award: App Awards
Position: 1 at the award: Sign Up Offers Awards
Specialises in spread betting
Good football and horse racing bets
iOS and Android betting apps
68.

Spread betting for the masses

Spreadex is a bookmaker which provides punters with the chance to explore spread betting. This is a very specific type of gambling which differs from conventional sports betting. Is Spreadex reliable? This Spreadex review will give you more information about this bookie. You will also get the chance to award some Spreadex ratings of your own. Spreadex has a good reputation, and has won awards for its customer service, so we’re off to a good start.

Sadly there is no welcome bonus for Spreadex, but the special offer for new customers at Betway is a good place to start.

BONUS
% Deposit, up to £
T&Cs Apply, 18+
Betting margin
92 %
Betting offers
More offers
Devices
Website Android iPhone Windows Blackberry
Customer support
E-Mail Livechat Telefon Support in Landessprache Free Hotline 24/7 Support Kostenlose Hotline
Licenses
Uk_gambling_commission>
Alderney>
Payment methods
NOW TO SPREADEX

Introducing Spreadex

SPREADEX: THE SPREAD BETTING SPECIALIST WITH SUPERB SERVICE

Spreadex was founded in 1999 by Jonathan Hufford, a former trader in the City of London. His aim was to bring spread betting to a wider audience. The company is now based in St Albans, in Hertfordshire. The operation moved online in 2006, when the sports betting website was launched, soon to be followed by a financial spread betting online trading platform. For its spread betting operations, Spreadex is authorised and regulated by the Financial Conduct Authority. For its fixed odds sports betting, the licence comes from the United Kingdom Gambling Commission. As a mainly spread betting bookie, Spreadex offer a very different welcome bonus, with iPads on offer to punters who register and place at least £300 worth of bets on qualifying markets (T&Cs apply).

Spreadex provides punters with a different betting experience to most other UK bookmakers. Helpfully, there are extensive sections on the website detailing exactly what spread betting is, and how it functions in some of the most popular sports. This Spreadex review also found that the company has developed an extensive social media presence to complement its extensive customer service options. There is an app available for both Android and iOS users, and the company offers extensive fixed odds and live betting alongside its spread betting markets. In addition to these apps, there is also a well-designed and simple to use mobile version of the bookie’s desktop site. Overall, the first impression is of a highly professional and credible company. Is Spreadex reliable? Initial impressions would certainly indicate that it is.

Kickstart With Our Step-By-Step Manuals

FROM REGISTRATION TO WITHDRAWAL: GETTING STATED AT SPREADEX

Get started with your betting at this bookie by reading the next part of this Spreadex review, where you can find some step-by-step instructions on how to register an account and place your first bet, as well some additional information about depositing and withdrawing cash from your account. By the time you have read them, you should feel ready to be able to open an account. Is Spreadex reliable? These basic steps should start to give you a good idea as to the answer.

How to Open Your Account

    logo

    Step 1

    Select the ‘Apply Now’ option from the menu tab, or view the online application form, which is accessible via a link in the site’s help section.

    logo

    Step 2

    Once you have completed the form and provided full name, address and employment details, you will have to wait around 24 hours to be approved.

    logo

    Step 3

    Read the terms and conditions carefully before you confirm your application. As a spread betting firm, the risks of betting here are greater than normal betting.

    How to Make Your First Deposit

    • 1Log into your account and select a payment method from those available. Debit and credit cards are the easiest option, though bank transfer and cheque can be used.
    • 2To make a payment, click on the ‘Payments’ tab, which you will see on your account page. Choose the amount you wish to deposit. There are no minimum amounts.
    • 3An alternative to depositing online is to call the customer services team who can handle the process over the telephone.
    betway EN banner payment

    How to Place Your First Sportsbet

    • 1If you want to place a fixed odds bet, choose your sport to display all the markets on offer.
    • 2Click on the odds to add that bet to your betting slip. Confirm type of bet and stake, and click on ‘Bet now’.
    • 3Placing spread bets is a different process to placing conventional bets. Instructions are provided when you open an account.

    How to Withdraw Your Winnings

    • 1Check that you have sufficient funds in your account to be able to make a withdrawal. If you have less than £50, you will have to withdraw the full amount.
    • 2Go to the ‘My Account’ section. Click on ‘Withdraw funds’. Then follow the onscreen instructions closely and carefully.
    • 3Alternatively, email or telephone customer services, and they can arrange a transfer to your card, or transfer funds to your bank, or even send you a cheque.

    Know Your Bookmaker

    ALL YOU NEED TO KNOW ABOUT SPREADEX

    As Spreadex combines a financial trading platform with its sports betting and spread betting services, its offerings are different to those provided by more conventional bookies. Spread betting follows a different pattern to normal sports betting, and you can lose more than your original stake. It requires good knowledge of the processes behind it, as well as good sports and gambling knowledge. A sign of this difference is that the welcome bonus is an iPad, rather than free bets or a matched deposit. This Spreadex sportsbook review will now offer you some more insight into what kind of services are on offer from this bookie.

    REGISTER IN ONLY 3 MINUTES AT SPREADEX FOR FREE

    Bonus

    BET WITH SPREADEX AND GET AN IPAD (T&CS APPLY)

    The ratings for the Spreadex sign up offer should be high. Customers who bet more than £300 on qualifying markets can claim an iPad with 32GB Wi-Fi. Those who bet more than £500 can claim an iPad Pro 10.5″ with 64GB Wi-Fi. Punters need to inform the company’s customer service section when they have hit their chosen target. Qualifying markets are detailed in the support section of the Spreadex website. Football, rugby league, rugby union, horse racing and tennis are among the sports which feature qualifying markets. All markets are spread betting markets; standard sports bets do not qualify. All qualifying bets must be placed within 28 days of registration to qualify. Punters outside the UK can claim a cash equivalent.

    1.

    Betway:

    100% up to £30
    No. 1 of 102 Betting bonus Bonus rating: 5.0 out of 5 stars
    Bonus
    100% up to £30
    Wagering
    (rollover): 6x Deposit
    Type of Bonus
    Welcome bonus
    Minimum Odds
    1,5
    Additional Bonus
    Payable
    CLAIM BONUS & REDEEM T&Cs Apply, 18+
    Make a minimum deposit of £10, place a bet of up to £30 and receive an equal amount in the form of a free bet. Minimum odds of 1.75. Valid for 7 days.

    Betting offer

    SPREADEX RATINGS ARE HIGH WHEN IT COMES TO MARKETS

    Is Spreadex good? It certainly can be said that it is when it comes to the range of betting options on offer. There is a good range of sports available on which to bet, including both codes of rugby and American sports. Horse racing and football offer the most markets, and there is an extensive financial betting section on the sports website too.

    Spreadex
    Highlight betting
    Massive array of spread betting markets available on the site
    Fixed odds markets are also available to complement spread betting
    Spread betting is much more complex than fixed odds betting
    Place your first bet

    Compare bookies’ betting offers in our list

    Sports Football leagues Rating To the bookmaker
    Sports
    20
    Football leagues
    betting offer uk12betting offer europa36betting offer international36
    Rating
    BETWAY
    Sports
    Football leagues
    betting offer uk16betting offer europa55betting offer international55
    Rating
    NOVIBET
    Sports
    Football leagues
    betting offer uk8betting offer europa25betting offer international25
    Rating
    BETHARD
    Sports
    Football leagues
    betting offer uk12betting offer europa45betting offer international45
    Rating
    86/100
    Coral in Test
    CORAL

    Odds

    SPREAD BETTING MEANS NO CONVENTIONAL ODDS ARE ON OFFER

    The main focus of Spreadex is spread betting, where conventional odds do not apply. A full explanation of spread betting is beyond the scope of this Spreadex review 2018, but punters should make sure that they know all about the concept before attempting to sign up at this bookie. Fixed odds markets are also available, offering standard value. The real value is in the spread betting markets, though, if you know what you’re doing.

    Spread betting markets offer value to punters who understand them
    A great variety of sporting spread betting markets available
    Spread betting is not for everyone, it can be complex and expensive

    Compare betting margins and place more winning bets

    Margins are what bookies build into their odds to ensure that they make a profit and keep balanced books. A margin is taken from the odds, so that whatever the outcome of sporting event, the bookies still win. Like all bookies, Spreadex reviews its margins constantly. Knowing what the margins are at the different bookmakers can help you shape a more effective betting strategy.

    BookmakersPre-Play-betting footballPre-Play-betting othersIn-Play-betting footballIn-Play-betting othersRatingto the bookmaker
    Pre-Play-betting football 92 - 96% Pre-Play-betting others 96 - 96% In-Play-betting football 90 - 95% In-Play-betting others 88 - 96%
    87/100
    Betway
    Pre-Play-betting football 90 - 92% Pre-Play-betting others 92 - 92% In-Play-betting football 90 - 94% In-Play-betting others 90 - 92%
    87/100
    Novibet
    Pre-Play-betting football 94 - 95% Pre-Play-betting others 95 - 95% In-Play-betting football 94 - 94% In-Play-betting others 95 - 94%
    86/100
    Bethard

    Compare sports’ betting margins in this table

    You can check on the average margins applied to popular sports at Spreadex in our table. As stated above, Spreadex reviews its margins on an ongoing basis, so it is worth checking the table regularly to see if anything has changed.

    Football
    92% - 95%
    Tennis
    90% - 92%
    Basketball
    88% - 91%
    Hockey
    85% - 90%
    85
    88
    91
    94
    97
    100

    Live Betting

    SPREADEX RATINGS ARE HIGH WHEN IT COMES TO LIVE BETTING

    There is an extensive range of live markets on offer from Spreadex. This Spreadex review 2017 found plentiful live markets for football, basketball, ice hockey, snooker and darts, amongst other sports. Finding the live betting section on the website is also a simple process, as there is a dedicated tab located at the top of the homepage. Again, many of the markets on offer are spread betting markets, so punters need to be familiar with spread betting.

    BONUS
    % Deposit, up to £
    • 20
      Sports
    • 45
      Leagues
    • 110
      Tournaments
    • 450
      Matches

    Compare the best bookies for live betting

    Sports Betting options Odds level Live streams Rating To the bookmaker
    Sports 20 Betting options 130 Odds level 92% - 94% Live streams no Rating
    87/100
    Betway Review
    Betway
    Sports 25 Betting options 20 Odds level 75% - 95% Live streams yes Rating
    87/100
    Novibet Review
    Novibet
    Sports 8 Betting options 5 Odds level 12% - 24% Live streams yes Rating
    86/100
    Bethard Review
    Bethard
    Sports 30 Betting options 8 Odds level 88% - 96% Live streams yes Rating
    86/100
    Coral Review
    Coral
    Sports 25 Betting options 40 Odds level 68% - 85% Live streams Yes Rating
    85/100
    888sport Review
    888sport

    Payment

    DIRECT DEBIT JUST ONE OPTION AMONGST MANY AT SPREADEX

    If you’re wondering how to withdraw money from Spreadex, this Spreadex sportsbook review found that punters can use UK debit cards, in the form of Visa or Maestro cards, to deposit and withdraw funds. Visa and Mastercard credit cards can also be used. Direct bank transfer is available, and customers can send cheques. Another feature this Spreadex review found was the facility to set up a monthly direct debit with the company. Spreadex does not currently accept payments from e-wallets, such as Skrill or Neteller. However, payment is another area where the Spreadex rating is good.

    Deposit & Withdrawal Time Limits min/max Fees
    Credit card Deposit & Withdrawal: Deposit: Withdrawal: Time: Deposit: Immediately Withdrawal: - Limits min/max: Deposit: - Withdrawal: - Fees: Deposit: No Withdrawal:

    Customer Service

    PLENTY OF WAYS TO GET IN TOUCH WITH SPREADEX CUSTOMER SUPPORT

    An email address and two telephone numbers are available for customers to use to contact Spreadex. The company also has an extensive social media profile, with Facebook, Twitter, LinkedIn, Google+ and Instagram accounts offering customers more opportunities to contact Spreadex. Interestingly, the company also provides remote technical assistance to customers, if their computers are experiencing technical difficulties when using Spreadex.

    Customer Support
    Phone
    Email
    Live Chat
    24/7 Support

    The customer support team is available from 8am to 5.30pm, Monday to Sunday (UK time). There is also an extensive help and FAQs section. However, if your question about Spreadex is how to claim a free bet, we’ve already answered that for you!

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    Spreadex App

    EXCELLENT MOBILE OPTIONS AVAILABLE AT SPREADEX

    This is another area where the Spreadex rating is very high. Anyone wanting to review Spreadex in this regard would find that there are apps available for both Android and iOS users, alongside an excellent mobile version of the website. The mobile site mimics the design and features of the desktop site, and functions excellently. For customers who want to use the financial trading platform part of Spreadex, there is separate Spreadex app available.

    Betting Limits

    SPREADEX

    Spread betting works in a different way to fixed odds betting, with stakes, wins and losses subject to more intense fluctuation and variation. It is often impossible to calculate in advance how much you stand to win or lose from spread bets. Minimum stakes on the spread betting markets vary from £1 to £5 a point. Some markets, such as cricket markets, can go as low as 25p a point. The fixed odds markets at Spreadex each have their own minimum and maximum stakes, which vary from sport to sport, and event to event. To find specific limits, punters should contact customer services.

    Spreadex
    £ 0
    Daily profit limit
    £
    minimum bet
    FAST TO THE BOOKMAKER!

    Compare bookies’ betting limits in this table

    minimum bet Max bet Daily profit limit rating To the bookmaker
    0.05 £ per bet 100.000 £ bet 0 £
    87/100
    Betway Review
    Betway
    £ per bet 0 £ bet 0 £
    87/100
    Novibet Review
    Novibet
    £ per bet 0 £ bet 0 £
    86/100
    Bethard Review
    Bethard
    £ per bet 0 £ bet 0 £
    86/100
    Coral Review
    Coral
    0.10 £ per bet 250.000 £ bet 0 £
    85/100
    888sport Review
    888sport

    Extras

    SPREADEX RATINGS ARE HIGH WHEN IT COMES TO EXTRAS

    Is Spreadex reliable for extra content? The number of extras on offer to punters certainly suggests so. There is a casino, which is stocked with slots games, such as Planet of the Apes and the Jimi Hendrix slot. In addition, this Spreadex review found plenty of other options, with blackjack, pontoon, roulette and poker games all available. A live casino offers further options for roulette and blackjack. We’ve already mentioned that you can spread bet on stock indices and other financial markets.

    Casino
    Live Casino
    Poker
    Games
    Bingo

    Conclusion

    THE SPREAD BETTING SPECIALIST OFFERING EXCELLENCE

    This Spreadex review found that this spread betting specialist offers an all-round excellent service to punters. The website, along with its mobile version and apps, is very well designed and slick. Customer support options are extensive and highly professional, and are supported by extensive and informative help sections on the website. The unusual bonus, of offering iPads to customers who bet in sufficient quantities, adds more value for punters. Live betting options are plentiful. The range of fixed odds markets is also extensive and complements the spread betting options on offer.

    Spread bet expert

    For spread betting fans, Spreadex offers a really good level of service. If the aspect of the sporting life you enjoy most is fixed odds betting, it might be better to use a more conventional bookie. But if you understand and enjoy spread betting then the excellent customer service, mobile apps and range of markets on offer here will delight you. The bonus offer is also good, but does require quite substantial outlay on the part of the punter.

    Bonus
    1.0
    Odds
    0.0
    Service
    0.0

    Overall rating


    Spreadex
    66/100
    Ok

    • Excellent spread betting options
    • Good for in-play and mobile
    • Spread betting is not for newbies
    NOW TO SPREADEX
    betway-ratings
    SHOW BONUS CODE
    T&Cs Apply, 18+

    Share your Spreadex review with us!

    If you have used Spreadex, we would like to hear from you. Your opinions are valued here at Betting.org, and we would love to read your views on what betting at Spreadex is like. Leave your comments here.

    Your rating
    50

    Awards

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