- Overall Rating 92% 92%
- Betting Markets 90% 90%
- Odds 92% 92%
- Bonuses & Promotions 95% 95%
- Payment Options 85% 85%
WHY CHOOSE SPREADEX
Year Established: 1999
Live chat: Yes
Licensed In: UK
Exciting Sign Up Promo
An Outstanding Range Of Betting Markets
Fast and user-friendly mobile app
Solid Number Of Banking Options
Even in the incredibly busy British sports betting scene, SpreadEx manage to offer something completely different. For starters, they do provide a fully-fledged fixed-odds sportsbook, similar to what you’d find at dozens of other betting sites in the UK. Their true claim to fame, however, is the spread betting part of their business.
Rather than taking a specific wager at particular odds, this allows you to bet according to a range of outcomes – the ‘spread’. The risk is higher with this form of gambling, but so is the potential for profits.
In this SpreadEx review, you’ll learn everything you need to know about both the spread and fixed odds betting parts of this website. We’ll analyse the available promotions, betting markets, customer service options, and plenty more besides. Let’s go.
SpreadEx Sign Up Offer
SpreadEx has a great introductory offer for both fixed-odds bettors and spread bettors. The former can claim up to £25 in free bets by simply opening a new account, funding it, then placing a qualifying wager with odds of 1/2 or greater. The size of the free bet package depends on the size of your qualifying wager. If it’s a £25 wager, SpreadEx will credit your account with five free bets worth £5 each. A £20 qualifying bet would net you four £5 free bets, a £15 wager would get you three, and a £10 wager would earn you two. Even a minimum £5 qualifying wager will still get you a SpreadEx free bet worth £5.
To claim this SpreadEx new customer offer, you must place the qualifying wager within 28 days of opening your account. Remember that the payout for any winning free bet will not include the original stake amount, so – if you place a winning £5 free bet on an event with odds of evens – you would receive a payout of £5. The other key terms include:
- Qualifying bet must be on an event with odds of 1/2 or higher
- Only pre-match wagers qualify. In-play bets don’t count
- Offer cannot be used by anyone who reopens an existing SpreadEx account
- Deal cannot be used in conjunction with any other SpreadEx offer
- You will receive your first free bet upon settlement of your qualifying wager
- Remaining free bets will be issued at a rate of one per day after that
- Winnings from free bets are credited to your regular player account
- You may not use the SpreadEx Cash Out option with qualifying bets
Anyone who prefers the thrill of spread betting to fixed-odds gambling can claim either up to £300 in cash, or a new iPad. For the first option, SpreadEx will match the amount of your spread bet wagers from your first 28 days up to £300. If you place £200 in wagers, you’ll receive £200. Placing £100 in spread bets will earn you £100 in bonus cash whilst £50 worth of spread bets gets you £50. Those who qualify for the maximum £300 can choose to receive an iPad instead.
Qualifying spread bets must be placed on certain markets which are clearly outlined in this bonus’s terms and conditions. Make sure you check them out before claiming this offer. You should also definitely make sure you understand how spread betting works before you get involved here. A single spread bet can result in a hefty payout, but it could also lead to heavy losses.
Overall, this is a really good welcome offer. The fixed-odds welcome bonus is a little larger than what you’ll find at most other major UK bookies, and the minimum qualifying stake of only £5 is nice and low. On top of that, there are no wagering conditions placed on your winnings from free bets. As for the spread betting bonus, both its size and flexibility should hold appeal for just about everyone.
SpreadEx Ongoing Promotions (Updated On: February 2022)
After you’ve cashed in on your welcome bonus, you can keep earning free bets and other bonuses by participating in regular SpreadEx promotions.
One of the easiest ways to claim more free bets is by referring friends. When they open an account, ask them to mention your name when the accounts team gives them the customary ‘Welcome Call’. Your friend must then place five qualifying spread bets of at least £2 each within their first 28 days. Those wagers must all be able to either win or lose £20. Once this is done, SpreadEx will credit your account with a risk-free £100 Total Goals spread bet.
You can also take advantage of SpreadEx’s Spread-Free Bets promotion. This allows you to bet selected markets at the mid-point of the spread, instead of the top or bottom. To qualify, you must first place three qualifying spread bets on the same sport. You may then place a fourth bet on the same market at the spread’s mid-point. The size of the spread-free bet will be equal to the smallest qualifying bet amount. So, let’s say you place three wagers on a qualifying football market on Monday morning, and the stakes are £20, £25, and £15. For your fourth bet, instead of betting at 0.2 – 0.4, you have the option of buying or selling for £15 at 0.3 instead.
Make sure you understand the terms of any promotions you are interested in before taking part. Again, we cannot understate the importance of understanding the ins and outs of spread betting as part of your research.
SpreadEx Football Features
Whether you’re a spread bettor, or you prefer to wager on regular fixed odds, SpreadEx is a football bettor’s paradise. To start off with, the odds SpreadEx offer are very competitive. 3-way football betting odds margins for mainstream leagues average about 5.5%. This means the bookmaker takes a smaller commission than usual, leaving you with more potential for profit. Whilst odds margins for two-way money lines are a little higher, they are still significantly lower than those at many major bookmakers.
Football fans have around 100 different leagues and events from all over the world to choose from. The English Premier League, Champions League, and Scottish Premiership are all included, but SpreadEx offers loads of odds on La Liga, Bundesliga, Russia’s Premier League, and several other European leagues too. Colombia’s Primera A, Ecuador Serie A, and Mexico’s Ascenso MX are just a few of the foreign leagues you can also get action on.
The depth of this market selection is also incredibly impressive. You can often find over 400 pre-match betting options for an individual game. At the time of this writing, for example, an upcoming match between Everton and Crystal Palace had a whopping 422 betting markets.
One of the more interesting betting options is SpreadEx’s #NAMEIT feature, which – similarly to a bet builder – allows you to build same-game multiples. For instance, you could combine a team to win with a particular player to score a goal. You can build these wagers out of corners, cards, halves, time of first goal, and pretty much anything else you can think of. You’re also able to visit the Stats Centre before you place your bet. This gives you all sorts of helpful information, such as head-to-head stats, player form, team stats, and even information relating to the referees and stadiums.
To top things off, SpreadEx also offers excellent live betting tools, with plenty of in-play options to choose from. Will the score be odd or even? Which team will score last? Will the game go into extra time? All these outcomes and plenty more are available to wager on, and there’s also a cash out tool which works extremely well. Finally, some live streaming of football is also available, although this is currently limited to less-heralded competitions like the Belarussian Premier League.
Other Betting Markets
SpreadEx does a decent job of covering other sports betting markets. Most importantly, users who want to wager on horse or greyhound racing certainly won’t be disappointed. SpreadEx covers races from all over the world, meaning the betting action is almost non-stop, and their odds are fair too.
Elsewhere, American football, baseball, ice hockey, basketball, and cricket also receive excellent coverage, as do eSports and rugby. You’ll even find a wide range of niche sports, like snooker, cycling, darts, and handball. Fans of Gaelic football, hurling, and bandy might be a little disappointed to discover that SpreadEx does not have those sports on their menu, but – that aside – this is a fantastic selection.
Mobile Betting Options & App
It should come as no surprise that a great sportsbook like SpreadEx is mobile compatible. If you’ve tried out the desktop version before, you won’t have any problems finding your way around the SpreadEx mobile website. The layouts on both are basically identical, although certain innovative features have been implemented for mobile navigation. You can see featured in-play games as well as upcoming matches in the main part of the screen. Then you can swipe left for more of the same plus links to such things as support, results, and promotions, or right to select your favorite sport or check your betslip.
If you would prefer to download the SpreadEx app instead, you can get it for both Android and iOS devices. The download links are located at the bottom of the home page of the website, and British bettors can also get the SpreadEx Android app from Google Play, or the iOS version from the App Store. Both versions of the app have been generally well-received. It has a 4.7 rating from iOS users, while the Android app has a rating of 3.5 at Google Play.
The SpreadEx app gives users full access to the site and all of its features. You can use the bet builder, soak in the stats, browse the available markets, and cash out your live bets while you’re on the go. You can also deposit funds, claim bonuses, live stream the action, and withdraw your winnings. Like the desktop version, the app is responsive, user-friendly, and easy to navigate.
The high level of security at SpreadEx is apparent from the get-go. Each prospective member is subject to a fraud and security check before their registration can be processed. Being registered with and regulated by the Financial Conduct Authority and the United Kingdom Gambling Commission, SpreadEx is required to provide the highest levels of security and player protection. The site makes use of the latest and most effective internet security technology, such as SSL encryption and firewalls.
You can be confident that your player funds are always safe and available for withdrawal in full at any time. SpreadEx is required to separate client funds from the company’s operating funds. You can learn more about safety and security at SpreadEx by referring to the Help section.
Opening an Account
Opening an account at SpreadEx is a little more along the lines of an application process than a simple registration. You start off by going to SpreadEx using your desktop or mobile browser. From there, click on the red ‘Join’ button at the top of the page, and fill out the registration form. You will have to provide your basic personal details, along with your mobile number.
After completing the form, the fraud and security team will verify the information. Within 24 hours, you will either be verified or asked to provide more details. Once approved, you can proceed with your deposit, claim the welcome bonus, and start wagering.
SpreadEx’s payment options are a little more limited than those at most modern bookmakers. Still, they support a decent variety of ways to make deposits and withdrawals.
The first thing you should know here is that SpreadEx does not accept eWallet payments. The likes of PayPal, Neteller, and Skrill are all off the menu. Instead, you can make deposits using your Visa or Mastercard debit card, bank transfer, or direct debit. Whilst you can deposit as little as £5 with these methods, you will be charged a £1 fee for deposits under £50. You can also send a cheque, although it can take up to 10 days before your account is credited.
Making a SpreadEx withdrawal is straightforward. The general minimum withdrawal amount is £50. If your account balance is below that, you must simply cash out the full amount. Whilst there is no limit on the total amount you can withdraw in a day, you are limited to £25,000 per transaction. All the previously mentioned deposit methods may be used for withdrawals. Card withdrawals should be processed in two to five days, whilst bank transfers should reach your bank account in two days. You may also request a same-day withdrawal, but that will cost you £25.
SpreadEx has an absolutely excellent help section in place, which addresses a whole range of topics. There are separate FAQs for sports betting, account management, and technical matters, and the articles in each are extremely well-written and helpful. There’s also an entire spread betting glossary, which should prove very useful for those without experience in this area.
If you can’t find what you’re looking for there, you can use a direct SpreadEx contact option by either accessing the live chat, or calling the toll-free phone number. The SpreadEx customer service team is available to chat via these methods 24/7.
SpreadEx Company Details
SpreadEx has become an industry leader in sports and financial spread betting, and has enjoyed success with fixed odds wagering too. Formed in 1999, it is among the longest-established and most profitable gambling and trading sites in Europe. It has made three appearances on the Sunday Times Profit Track list of the UK’s fastest-growing companies in the UK. It also made the Financial Times’ top 1,000 of Europe’s fastest-growing companies in 2017.
Is SpreadEx legit? We would say the answer is a definite ‘yes’, considering the site’s credentials, track record, and the fact that it is so heavily regulated. Of course, our own positive experience at SpreadEx further supports that claim.
SpreadEx Bottom Line
One thing you can’t accuse SpreadEx of is lacking ambition. It’s hard enough to create a regular sportsbook. Managing this alongside an entire spread betting section too is an incredibly tricky task.
Somehow though, SpreadEx have managed to pull it off, with a platform which should hold appeal for the vast majority of sports bettors. The welcome offer is fantastic, providing appealing rewards for fans of both spread and fixed odds betting. This is then followed up by an excellent range of betting markets – delivered with highly competitive odds – and some very useful features. Add in good customer service and strong security, and there’s a whole lot to like here.
In fact, pretty much the only criticism we had in our SpreadEx review regarded the relative lack of payment methods. Aside from that, this is a wonderfully well-rounded betting site, and we’d highly encourage you to sign up – and claim up to £25 in free bets or £300 in cash – today.
New accounts: Stake £300 on qualifying spread bet markets = choose £300 cashback or an iPad. Stake lower = get cashback matching stake level. Cashback paid 28 days after opening. *Applies to selected qualifying sports spread betting markets only – not fixed odds. See Ts&Cs and full list of qualifying markets below. Spread betting losses can exceed deposit. 18+