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From the Spreadex welcome offer to a top-end Spreadex app, there’s a lot to get excited about at this spread betting site. It has unique markets which you can’t find at a standard UK betting site. Check out my Spreadex review below to find out more, including how you can claim the Spreadex welcome bonus yourself.
Spreadex betting offers you something different, but there are also weaknesses, as there are at all betting sites. Below, I’ve noted the key pros and cons of Spreadex betting.
In conclusion, Spreadex gives UK players something different, and for those of you who are willing to put in the extra time required to learn how spread betting works, it’s a terrific site and arguably a market leader.
There is tonnes to be impressed with at Spreadex, from betting which can’t be found at normal UK betting sites to a tasty Spreadex welcome offer.
Speaking of, the Spreadex welcome bonus is fairly generous, awarding new players with up to £40 in bonuses. But you’ll have to make sure you understand it properly if you want to squeeze out the maximum benefit. You can find out more later in my Spreadex review.
So many UK betting sites claim to be different in some way or another, but the element of spread betting here really does make that true. When done right, and with enough luck, this type of betting allows for exponential growth – though it’s vital to note that you can also lose more than in fixed odds betting.
One obvious flaw is the banking at Spreadex. Financials are always an area where I like to see as many options as possible, and Spreadex is lacking. However, at least the payment methods they do have are speedy and safe.
Whether using the Spreadex app or desktop version, customer support is solid. Live chat is available and this is one of my personal preferences, as it allows you to continue what you’re doing while you wait to be connected or wait for an answer.
Speaking of the Spreadex app, it’s another strong point which helps make your mobile betting experience as seamless as possible. If you’re planning on using Spreadex regularly, it’s well worth a look.
Bonuses & Offers ⭐⭐⭐
The Spreadex welcome offer awards up to £40 in bonuses and is easy to claim once you know how – but it is worded in a trickier way than some other welcome bonuses.
Betting Variety ⭐⭐⭐⭐⭐
There can be no argument in this department; Spreadex has an unbelievable selection of markets that you won’t find elsewhere.
Banking Options ⭐⭐
Because you can’t use any e-wallets, I had to mark Spreadex financials down a bit. I hope they add more payment methods in the future.
Mobile experience ⭐⭐⭐⭐
The Spreadex app is very high quality and helps you place bets – even on complicated spread markets – while on the go.
Payout Speed ⭐⭐⭐
The payout speeds are good. I tested some withdrawals and my funds were available fairly quickly, but I’d like the option to test e-wallet withdrawal speeds as well.
Security ⭐⭐⭐⭐
The site is licensed by the UKGC, one of the most stringent authorities in the online betting industry.
Software & Games ⭐⭐⭐⭐⭐
Again, no complaints from me as the site uses industry-beating software to bring you incredibly up-to-date odds on ever-changing and niche markets.
Betting Experience ⭐⭐⭐
If you know what you’re doing, Spreadex provides an excellent betting experience. For others, there will be an unavoidable learning curve which makes it slightly more challenging than regular, fixed-odds betting sites.
Customer Support ⭐⭐⭐⭐
I enjoyed talking with the live chat team and found they were fairly quick in getting me the answers I was looking for.
It is totally safe and legal to place real-money wagers on fixed-odds or spread betting markets at Spreadex. The site operates using a license from the UK Gambling Commission, which is one of the most respected bodies of its type. Additionally, Spreadex is regulated by the Financial Conduct Authority (FCA).
Despite this site being a bit different in terms of betting markets and financial trading, the welcome offer is fairly close to what you’d expect at a standard betting site.
The only thing to note is that you need to meet certain requirements and receive your bonuses in parts. So, to get the full £40 worth of goodies, you need to stay on top of things.
The Spreadex welcome offer is for new players only. To claim it, you must create an account and deposit at least £25. This must be wagered at odds of 1/2 or above.
You’ll get a £5 free bet once it’s settled, then four more £5 free bets on consecutive days. In addition to this you’ll get two more £5 free bets and some free spins.
Winnings on your 50 free spins – worth 10p each – are limited to £100. All free spins and free bets must be used within 28 days. When placing your free bets, tick the ‘Claim as Free Bet’ button to make use of them.
Spreadex offer something that you won’t find at regular bookies. But how does it work?
Spread betting allows you to bet on all sorts of sports markets and ‘buy’ or ‘sell’ based on your predicted outcome.
If you think the markets will end up higher than the spread, you buy. If you think it’ll be lower, you sell.
The most enticing thing about this is that, the more convincing your team or players are, the more money you can make. For example, if you buy the spread at 2.8-3.0 goals, you’ll earn more money for every goal that goes in after the initial three.
The important thing to remember is that your losses can be multiplied too. So, be careful not to wager more than you can afford to lose.
By contrast, fixed-odds betting is what you would expect to see at standard UK betting sites. In this instance, the bookie sets the odds and you simply bet on an outcome at a fixed price.
Features are what help a betting site stand out from its rivals, and Spreadex is certainly a site with a difference. Here, I’ll run through some of my favourite features at Spreadex.
As I’ve mentioned a few times in my Spreadex review, the spread betting which you can access here is what helps this site stand out. Having the option to take profits and then still watch the rest of your investment increase with every goal or point is a very cool prospect.
Blogs can be really useful or a waste of time, depending on which betting site you’re using. At Spreadex, the blog is on the higher end. I enjoyed their analysis and think it can be used to help make informed betting decisions.
Particularly useful with spread betting, in-play is a useful tool for getting even bigger odds by betting while an event is underway. It also gives you a chance to assess the players and teams before deciding where to place your bets.
When I first landed on the Spreadex UK site, I was given two choices: sports betting or financial trading. Choosing one or the other will lead you to separate parts of the site, so you don’t need to understand financial trading to enjoy spread betting on football, horse racing and so on.
However, if you’re interested in it, this is a rare site where you can access both sports betting and Spreadex financial trading in one place. With financial trading, you can invest and trade in shares, indices, FX and commodities from across the world. This includes CFDs and Options, in addition to spread betting.
It’s a simple application to open an account, though not as instant as a standard bookie. You’ll need to wait until your account is approved before you can start placing real-money investments.
As I’ve mentioned earlier in my Spreadex review, there is no shortage of betting options at Spreadex. And that includes a high number of sports.
Here are some of the most popular sports to bet on at Spreadex:
As is the case at regular online bookies, Spreadex football is a huge draw. This is especially true because the site delivers markets which you can’t access at most rival sites.
Alongside football, horse racing is one of the best-suited sports for spread betting. If you bet on a horse to win by a certain amount of lengths and it wins comfortably, your winnings could quickly escalate.
Naturally, Spreadex UK players have access to markets which aren’t as easy to find at your average bookie. And some of them are really interesting.
Here’s a bit more about popular Spreadex markets and bet types.
The Spreadex app is excellent. And, quite frankly, it has to be. Spreadex betting is not the same as other sites and, as such, a sub-par product wouldn’t cut the mustard.
I got hands-on experience with the iOS app and found it easy to pick up and use, based on having an understanding of spread betting. It’s slick and reactive, mirroring the desktop version in many ways.
As if fixed-odds sports betting, sports spread betting, and financial trading wasn’t enough, there’s also a Spreadex casino. That is also evident in the Spreadex welcome offer, which includes 50 free spins on Starburst when you sign up and make a qualifying deposit and bet.
Spreadex casino is well arranged, with tabs for categories like ‘New Games’, ‘Slots’ and ‘Roulette’ making it easier for you to scroll through the types of games you’re after.
I did notice some elements which aren’t present at Spreadex casino but are at other sites. For example, there is no option to play slot games for free with play money. And I didn’t see too many ways to filter the slot games. Many sites these days allow you to search by software provider, which I find really handy. Nonetheless, there are many top titles including Starburst, Gonzo’s Quest and Tiki Fruits.
The ‘Live Dealer’ tab brings you to a fine selection of tables manned by real people. Games like Football Studio Dice, Monopoly Live and Crazy Coin Flip are joined by a bunch of roulette, blackjack and baccarat variations to give you plenty of choice.
The whole point of playing at a site like Spreadex is to try and make money – so it’s essential that the banking experience is smooth. Is this the case at Spreadex?
I found the depositing and withdrawal processes to be perfectly fine, with the caveat that there aren’t enough payment methods available.
Live chat is available at Spreadex, and the staff are very competent. Unfortunately, they’re only available from 08:00 – 17:30. However, this makes sense, because spread betting can be complicated and this requires expert staff to be on hand.
There’s also a phone number for support which I know is very important to many of you.
Spreadex betting is more complicated than some UK betting sites, so I put together a quick how-to guide for you.
Opening an account is quite straightforward and there shouldn’t be a wait, unless you also want to take part in financial trading.
I came across similar questions over and over while conducting research on Spreadex, so I’ve provided the answers below
Join Spreadex to place bets on a wide variety of sporting events. You can choose between fixed-odds markets or spread betting.
Although payment methods are limited, pay out speeds at Spreadex are good and you should receive your cash quickly. Times vary based on the method used.
If you’d rather look into financial trading at Spreadex, you’ll need to fill out an online form to apply and await approval from the site.
Like all top bookies, there are plenty of free bet offers at Spreadex. That includes £40 in bonuses as part of the Spreadex welcome offer.
If you need to close your Spreadex account, you can do so by calling the team, emailing them, or simply asking them to close your account via live chat.