Spreadex is a forex trader that’s been in business since 1999. At first, the company focused on financial trading solely. They first introduced online betting services in 2006, and that’s when its new story began. As its name clearly states, this British bookmaker is all about spread betting. In this type of betting, punters can wager on various things, such as the number of goals, points, or sets, rather than betting on the outcome of a game. Feel free to scroll down and check out our Spreadex review if you wish to see what makes this platform a punter favourite.
Spreadex allows its users to place bets anytime and anywhere using its mobile app. The app comes in two versions for Android and iOS users, and it’s effortless to download and navigate.
Downloading the App
Android users will find the app in Google Play; if you’re an iOS-using betting enthusiast, just visit the App Store and enter the site’s name. Once you download the Spreadex app, log into your account, and you can place your bets on the go. If you don’t have an account yet, you can sign up in a few quick steps. You will be asked to provide your full name, physical address, email address, phone number, and birth date. We did it, and it was a straightforward process that only took a few minutes, which left us pretty satisfied.
In terms of available games, things don’t differ much between the desktop version and the mobile app. You can access all games through your mobile device and enjoy all types of betting, including in-play betting. All betting options on the Spreadex website are nicely displayed and divided by sports categories. Punters can bet on football, rugby, horse racing, golf, tennis, greyhounds, esports, etc.
One of the first things you’ll notice on this betting platform is its special offer for newbies. As much as this online casino and sportsbook looks different from its competitors, they are all quite similar in terms of promotions. Here’s what they are:
As soon as you make an account on Spreadex, you will be welcomed with £35 in free bets. All you need to do is place a £25 fixed-odds bet at minimum odds of 1/2. Once it’s settled, your first Spreadex free bet £5 fixed-odds bet will be credited. The remaining four £5 free fixed odds bets will be added to your account on consecutive days.
Right after your first free fixed odds bet, you will also get a free £5 Total Goals spread bet. And after your second free fixed odds bet, you’ll get a second free £5 Total Goals spread bet. Also, keep in mind that you must claim all the free bets within the first 28 days of opening.
Another exciting speciality Spreadex has is the Refer & Earn program. If your friend opens a Spreadex account and provides your name and postcode on their Welcome Call, you will get to use a £100 Total Goals spread bet. Your friend needs to place five qualifying sports spread bets of £2 minimum, and each of them should be able to win and lose £20.
And if you prefer fixed-odds betting, there is a similar reward program. Once your referee places £10 worth of fixed-odds bets at minimum odds of 1/2, you will get £10 cash in your account for every qualifying referral they make.
What Makes the Operator Stand Out?
We already mentioned that Spreadex isn’t just your regular casino site. In addition to the traditional casino games it provides, Spreadex also has a sports betting section, and, most interestingly, a forex trading platform. So, if you ever feel like transitioning from regular gambling to financial trading, you never have to leave the site, as Spreadex will have you covered. Just make sure you get informed about all the relevant aspects of trading first, not to go in blind.
When it comes to payments, Spreadex offers a few standard options. Spreadex deposits can be placed using debit and credit cards, checks, bank transfers, or the Pingit app. The minimum deposit amount is £10 or the equivalent in the currency of your account. All you need to do is enter your card information and the desired amount you wish to deposit.
If you decide to withdraw your funds, you should go to My Account, then Withdraw Funds, and enter the amount you would like to collect. There are only two options with Spreadex withdrawals: Using a debit or credit card, or a bank transfer. Whichever option you choose, be prepared to wait two to three business days for the website to process your request. The minimum withdrawal amount is £50, and the top limit for cards is £25,000. Mastercard is an exception and is limited to £2,500.
Security, Fairness, and Responsible Gambling
Spreadex is a reputable online platform, and it has a few licenses to prove that. Its operations are regulated by the UK Gambling Commission and the FCA. The FCA rules are there to ensure this sportsbook keeps its customer’s money separated from its own. You can be completely sure that, with Spreadex banking, your funds are safely stored and taken care of.
In addition to previously mentioned rules and regulations, Spreadex also implements standard SSL encryption to protect customer data. It also promotes responsible gambling and allows punters to set deposit limits, take a timeout, or request a self-exclusion.
Unfortunately, Spreadex has a long list of restricted countries, and punters residing in them won’t be able to access this sportsbook. Some of the countries from this list include the US, Switzerland, Australia, Belgium, Russia, Italy, and others. We recommend you check the list first to see whether you’ll be able to make an account here.
Last but not least in our Spreadex sports review is customer support. Punters can reach out to the site’s support agents via live chat, phone, or email. Phone support is available every day between 8 a.m. and 5:30 p.m. If you need assistance outside those hours, feel free to email them or have a little live chat with one of their representatives. And if you wish to look for answers yourself, there’s an extensive FAQ section to explore.
Operator Bottom Line
Spreadex is an all-in-one betting platform. Unlike some other UK betting sites, Spreadex also has a casino section and a powerful trading platform for those who wish to invest their money in financial trading. While writing this Spreadex review, we could see it has an excellent welcome offer, a great variety of sports to bet on, and dedicated customer support. We had a good overall impression, and now it’s up to you to give it a shot.
Welcome Bonus Terms and Conditions
Place a qualifying £25 fixed odds bet at odds of 1/2 or greater. Qualifying bet cannot be placed in-play or cashed out early. A first free £5 fixed odds bet will be credited upon settlement of the qualifying bet. 4 x following £5 free fixed odds bets will be added to your account on consecutive days. After your first free fixed odds bet you will also get a free £5 Total Goals spread bet. And after your second free fixed odds bet you will also get a second free £5 Total Goals spread bet. You must have a full spread betting account to be able to claim the free Total Goals spread bets.
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