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SPREADEX REVIEW 2022 - BOOKMAKER RATING & SIGN UP BONUS

OUR OPINIONS ABOUT SPREADEX

  • Spreadex offers both fixed odds and spread betting
  • Multiple cash-out options
  • Strong market value and variety for football betting

Online-Betting Rating:

Spreadex has a vast experience in the betting industry and have been established since 1999. For this Spreadex review, we are looking through the different aspects of their services including their traditional fixed odds, betting offers and extra features such as bet builders.

Spreadex is fully regulated by the FCA and Gambling Commission and have won awards, having been recognised by the likes of the EGR Operator Awards.

Registration at Spreadex is straightforward and once you’re signed up, you will have access to both the platforms on offer. The link to get started is at the top right-hand corner of their site.

The red sign-up button gets you into the process. There are only two pages of short forms to fill out to get registered. So it is not a long process at all.

The first step of the Spreadex registration will ask for things like your name, email address and username/password to set up the account.

For the second step of the process, you’ll need to verify your identity. That’s through your date of birth, phone number (in case they need to contact you) and your physical postal address.

They do a check on their end and should Spreadex require any further information from you, they will reach out.

They’re the only requirements for the initial set-up of a Spreadex account. It shouldn’t take more than a few minutes to get started and to have the account up and running at all.

They have made it very easy to do.

All the information you submit to their site is securely transmitted with encryption. The credentials that you use to register a Spreadex account online, can be used when you have downloaded their mobile app.

You can do things the other way around as well, by opening the Spreadex account through the app first.

Rating 5/5

Spreadex works a little differently when it comes to available deposit methods. Usually, at an online bookmaker, you will see a lot of different methods, including e-wallets like PayPal or ApplePay.

Things are a little bit more limited when it comes to Spreadex sports. The main choice of payment method is likely to be through a debit card, otherwise it’s relying on possibly slower bank transfers.

Here are the deposit methods that Spreadex accepts. The first payment you make onto your new Spreadex account can be done through ‘My Account’ then ‘Deposit Funds’.

Deposits

Method Minimum Maximum Processing Time
Debit Card £10 A £1 fee may be charged on card deposits under £50 Instant
Direct Debit £10 n/a n/a
Cheque £10 n/a n/a
Direct Bank Transfer £10 n/a n/a
Barclays Pingit £10 n/a n/a

Withdrawals

Method Minimum Maximum Processing Time
Debit Card £10 £25,000 2-5 working days
Direct Bank Transfer £10 n/a n/a
Barclays Pingit £10 n/a n/a

To make a Withdrawal at Spreadex you have to go back to your Account and then select the “Withdrawal” link. If you have deposited through a debit card, then that will automatically be the default method for withdrawal.

If it’s a bank that you used for a deposit, that will be defaulted to. You can expect a withdrawal from Spreadex to take between 2 and 5 banking days to be completed.

Rating 2/5

Claim your sign up offer *
Spreadex

Spreadex £40

  • Register an account with Spreadex
  • Place a qualifying £25 fixed odds bet at odds of 1/2 or greater.
  • Get up to £35 in Free Bets in bonuses for new accounts
    KEY T&C: 18+.Place a qualifying £25 fixed odds bet at odds of 1/2 or greater. Get 5 x £5 free fixed odds bets + 2 x £5 free Total Goals spread bets + 50 free spins on Starburst. Each free spin is worth 10p and there are no wagering requirements. Free bets and spins must be claimed within 28 days of opening. Free bet/spin stake not included in any winnings. T&Cs Apply. begambleaware.org

How Good Is The Spreadex Welcome Bonus? – 4/5

The Spreadex welcome bonus offers new customers up to £35 in free bets.

The free bets are paid out in increments and not all in one payment. After placing a qualifying £25 fixed odds bet at odds of 1/2 or greater, the bonus will be triggered.

When that first qualifying bet has been settled, the first free £5 fixed odds bet will be credited.

Then 4 x following £5 free fixed odds bets will be added to your account on consecutive days.

E.g. Qualifying £25 bet placed and settled on Monday. Then:

  • 1st £5 free fixed odds bet is available to use from Monday.
  • 2nd £5 free fixed odds bet is available to use from Tuesday.
  • 3rd £5 free fixed odds bet available to use from Wednesday.
  • 4th £5 free fixed odds bet available to use from Thursday.
  • 5th £5 free fixed odds bet available to use from Friday.

This is a bonus offer that ranks very well. The fact that the bonus is split into smaller increments of bets is a nice thing.

It gives punters a better variety of options over what to do with the free bets as opposed to having to spend the entire bonus lump sum in one bet.

It’s spread out nicely as well with the bonuses arriving on consecutive days after triggering the first one.

To start the ball rolling with the Spreadex bonus, the first of the £5 fixed odds bets will be credited when the first initial bet on the account has been settled.

Punters will see in the T&Cs that the package can include more. 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 would need to have a full spread betting account to claim those.

KEY T&C: 18+. Place a qualifying £25 fixed odds bet at odds of 1/2 or greater. Get 5 x £5 free fixed odds bets + 2 x £5 free Total Goals spread bets + 50 free spins on Starburst. Each free spin is worth 10p and there are no wagering requirements. Free bets and spins must be claimed within 28 days of opening. Free bet/spin stake not included in any winnings. T&Cs Apply. Begambleaware.org.

Website Layout – 4/5

Despite the amount of information on the Spreadex site there’s a lot of attention to detail paid to user-friendliness.

The top of that is how many menu links there are. They are everywhere and at no point did we have trouble getting to any market or sports event that we wanted to look at.

The presentation of in-play betting markets is good, with that focus pretty much taking up the entire left-hand side of the website.

There are icons all around the sportsbook for things like where sporting events are being televised and what is available for live-in-play betting.

Account management is done through a simple and quick login and account management is easily handled.

When it comes to the spread betting side of the operations at Spreadex, one big thing that stood out in terms of user-friendliness was the information icons.

Hover over a market selection, and there will be some basic information about what that particular bet involves. Total Sets info for a Tennis match explains that it is a prediction of the total number of sets played in the match.

Where there is a small ‘C’ icon listed next to a market for example the Total Set, that means you can click on that and raise a coupon for the Total Sets options for all matches that are currently available.

There are dedicated Spreadex Mobile Betting App downloads for both iOS and Android. Whatever platform you are looking for, you can find direct links on their main website page.

So that means you could call up Spreadex on a mobile browser and click through from the bottom of the page on the icon to get to, for example, the App Store.

Just as with the main website, the Spreadex app allows punters to do both fixed odds and spread betting. It is possible to tab between the two formats of betting directly in the app.

All of the features that can be found on their website are accessible through the Spreadex app.

Customers will see things like the Bet Builder, #Nameit, statistics, live streaming and a lot of in-play betting markets. The app does a superb job of managing in-play sports betting, which can be combined with live streams.

In the in-play at Spreadex, there are three cash-out options available, full, partial or automatic. Security on the Spreadex app comes from Face ID, Touch ID or PIN login.

All in all, the Spreadex website is very simple. There’s nothing flashy about it all. But that makes it accessible, and easy to read and we did note that it was very quick and responsive to use.

Rating 4/5

Odds – 4.5/5

With Spreadex you can get more betting options than you can at say another major bookmaker like bet365 or Paddy Power. That’s because of the spread betting options that Spreadex provides.

It’s a form of betting that not all punters may be familiar with and it is quite a different beast from that of fixed odds. It does carry higher risk as you can lose more than your deposit.

But understanding spread betting can open up a wide range of betting opportunities, so for the next part of this Spreadex review, we are going to take a little at the spread betting for football.

Spread Betting is speculating on the movement of markets.

Whereas in fixed odds betting if you were to place a £10 stake at 10/11 on Over 2.5 goals on the match, it would not matter if there were three, five or eleven goals scored in the fixture, you would get paid out on that £10 stake at 10/11 odds.

But Spread Betting stacks value against the movement of the market. Buying a spread on for example 3.1 goals in a match for £10 means that if there were five goals in the match you would earn £19.

1.9 is the difference between the 3.1 spread purchased and the total number of goals that the match produced (five). So 1.9 x £10 stake returns the £19.

That’s a simple overview.

If the match produced fewer than three goals then you would lose £10 for each goal under. As with any form of betting, there is always a risk and spread betting doesn’t eliminate it.

One of the features of Spread Betting is the variety that it affords.

It is commonly found on markets like Total Points earned by a team in a Premier League season for example, or a 31-34 minute spread on the First Goal in a match.

Goal times are very popular markets when it comes to spread betting on football and there is an absolute stack of such market variety available at Spreadex.

Fixed Odds

If you wanted to just stay on the Fixed Odds markets that are available at Spreadex then things are going to be a lot more familiar. It’s just picking the selections that you want, Say Newcastle to win at 5/4 odds and adding it to your slip.

We did note that when comparing some of the fixed odds options from Spreadex against the likes of Ladbrokes and Coral, they stood up very well.

Spreadex have decent bookmaker margins and we feel that there is a lot of value in their odds.

One final, but huge feature of the Spreadex football fixed odds, is that they go best pre-match odds on Premier League matches against the top five bookmakers listed on the Oddschecker website.

Rating 4.5/5

Markets & Events Coverage - 4/5

markets

Most punters will judge a bookmaker by the variety that it has in its sportsbook. That is an important thing for a lot of players of course. Football is the big prominent sports betting area that Spreadex have on their account.

There’s a tremendous variety of both markets and bet types in there.

Arguably the layout perhaps isn’t as flashy and modern as other bookmakers. But just a visit to their page immediately throws a stack of betting events forward. There is just so much covered by Spreadex even if you never venture from the fixed odds sportsbook.

A lot of that comes from the power of their spread betting angle because if you move to the spread betting, there are 1000s of markets that they offer.

Beyond the prominent football betting markets, things like horse racing, cricket, tennis and rugby fill out their sportsbook.

The live in-play betting section of the Spreadex website allows you to explore a wonderful amount of live in-play events in a dedicated section.

Spreadex do offer their own streams of sports as well, so you can pair up betting and watching all in one place with them.

Rating 4/5



Spreadex Football Offerings - 4.5/5

football

The football section of the Spreadex sportsbook can be directly accessed through a menu across the top of the page. For our Spreadex review, we specifically looked at their fixed odds betting section, as it is a more common format used by punters.

Once you are in the football section, what you see can be filtered into different sections like UK, International, European, TV and more. That just helps nicely with navigation.

But just landing on the main Spreadex football betting section there is always a long list of matches anyway, so the likelihood is that unless you are looking for something more obscure, a match will be listed there.

Things are well-organised. For example, you can skip to sections for the Premier League, French Ligue 1, Championship, La Liga and so on. It doesn’t take a lot to find just what you are looking for.

One notable thing right off the top is just how many markets are available. For this Spreadex review, we took a look at some Premier League matches from England.

There were more than 270 betting options available on each of the fixtures listed for the weekend’s round of action. Some had an even higher tally.

Another good aspect of the Spreadex football sections is that the coupon shows where matches can be watched, what time and date is kick-off and there are direct links to statistics for each game as well.

It’s extremely comprehensive and you can also filter the main coupon markets to see Over/Under 2.5 Goals, Both Teams To Score, Half Time Results and so on for all matches across the coupon.

Accessibility and user-friendliness are fantastic. For an individual game that is selected, there are basic statistics provided right on the page for that given match.

Markets can be filtered by different types (such as Corners & Cards, Goals or Halves) to make things manageable because of the sheer volume of bets that Spreadex does have available for matches.

Variety of football betting markets is expanded through the likes of their Bet Builder and NameIt options.

Rating 4.5/5



Streaming – 3/5

There is streaming to be enjoyed at Spreadex. There are many opportunities to look at live streams at Spreadex, but this is predominantly for horse racing.

On the right-hand side of the main screen, there is a box dedicated to a live stream of horse racing.

To get a full view of what Spreadex live sports streams are available, you can click on the In-Play menu to list all the events. An icon of a play button indicates that a live stream is available for an event.

While the Spreadex live streams are largely for horse racing, it’s not exclusively so. When we looked for this Spreadex UK review we saw cricket, tennis and a football match available for streaming.

It’s perhaps not the most extensive live streaming event that is supplied by Spreadex. But there is some there if you want to explore.

Rating 3/5

Existing Customer Offers - 3/5

offers

There is more on offer for existing customers at Spreadex as well. One of their most popular promotions is their 1st Goalscorer Insurance.

That particular promotion covers your 1st Scorer pick on a football match with a free bet. If the player backed in the market to score first, doesn’t open the scoring but scores the final goal of the game a lost stake refund will be triggered as a free bet.

While we did find some good Spreadex offers, therefore, existing customers, it wasn’t the widest range of them. There was no loyalty program either, which would have helped towards giving them a higher ranking in this area.

  • 1st Scorer Insurance
  • Spread Free Bets
  • 2nd To A Rag Insurance
  • Refer A Friend Program


Customer Service And Site Security - 4/5

deposit and withdrawal

The customer support at Spreadex is accessed through an Extras menu that appears on the left-hand side of the screen.

There are a lot of helpful links there ranging from Getting Started to Glossary of Markets and the main Help & Support sections.

A click through to the Help & Support directs the user to a selection where you can browse through frequently asked questions about different areas of their operations, such as Sports FAQ, Account FAQs and Technical FAQs.

It’s possible to engage a representative in Spreadex live chat during business hours. If you are outside of that, you can send them an offline message and they’ll get in touch with you.

We did find the FAQ section in the Spreadex help pretty extensive and were able to find questions about things like payments and promotions in there.

They are a bookmaker who does invite telephone calls, and even payments can be done via telephone. Email contact can be made. Their sports support team has hours from 7 am to 2 am Monday to Sunday.

We have to touch on the high-quality amount of help there is on the site for Spread Betting. If you are new to it, or just want a refresher, there are some very good help pages to browse through.

It’s worth taking some time to read through and learn how everything works and Spreadex does very well in delivering clear information.

Rating 4/5



What Do Other Sites Say?

Spreadex has been around for a surprisingly long time. Yet there is the feeling that they aren’t as well known as some of the big industry hitters like Betfair or BetVictor.

But Spreadex does come very highly rated.

Looking around the internet for other customer reviews, you can find positive input from players that have used the site. The Punters Page gives them five stars out of five because of positives like “great customer support” and the “unique spread betting service”

There are some excellent customer reviews found at Trustpilot as well, which is a site that is historically filled with customer complaints.

But among the positive reviews of Spreadex there, one customer stated “ I have played online for top name sites and this [Spreadex] blows them out the water.”

The Guardian review of Spreadex says that “Spreadex should definitely be considered for those looking to dabble” and highly praised their spread betting platform in particular.

Spreadex Review Rating - 4.5/5

Overall

Summing up this Spreadex review, we rate them highly for a tremendous service that is extensive and stacked with variety and features.

The number of options that are there for different markets and different bet types is outstanding.

Being able to switch between fixed odds and spread betting is their big angle. It’s something unique and with their long history of trading, Spreadex do deliver a trusted brand as well.

Some punters may never get into spread betting of course, but there is still such a fantastically strong fixed odds sportsbook to enjoy. The sportsbook also benefits from features like cash out and bet builders for football wagers, along with live streams.

The site is full of information like statistics, and where to watch sports and it’s all rounded off nicely with extra bonuses for existing customers.

With quality mobile apps as well, Spreadex really comes in strongly on our list of highly recommended bookmakers.

Rating 4.5/5



FAQ

Q: Who is Spreadex Owned by?

A: The company was started by Jonathan Hufford, a City trader whose goal was to make spread betting more accessible. The company HQs are in the UK, based in St Albans, Hertfordshire.

Q: Are Spreadex’s best odds guaranteed?

A: Spreadex have Best Odds on all Premier League matches for fixed odds betting. that’s against the top five bookies on odds comparison site Oddschecker.

Q: How long do Spreadex withdrawals take?

A: There are limited payment options at Spreadex. So that can potentially be looked at as leading towards slightly longer withdrawal times compared to other betting sites that use third-party payment systems like Skrill or PayPal.