Spreadex Review 2024 & Expert Rating

Spreadex is one of the top spread betting providers in the UK, offering a wide range of markets on major sports.

With the popularity of spread betting continuing to grow for sports fans, you may be considering trying Spreadex for your sports bets.

In this Spreadex review, we will help you decide if their platform is right for your sports spread betting needs.

Based on our personal experience using Spreadex, we’ll outline the major pros and cons.

These include aspects like the platform’s user-friendliness, unique features, and the overall quality of the sports betting experience.

Throughout this review, we will evaluate the platform’s primary features using a qualitative, points-based scale. These points will be converted into star ratings.

For more information on how we test view here.

Overall Rating – 4 stars

Overall, we give Spreadex a rating of approximately 4 stars, based on an overall score of 77 and an average of 85.56%.

Spreadex is an excellent platform for UK bettors. It holds important regulatory licences, employs robust security measures, and has a long track record of reliable service.

Minor drawbacks include subpar deposit/withdrawal options, the inability to customise, and occasional lag times on streams.

But Spreadex’s strengths in security, reliability, and responsive service outweigh these small issues for most UK punters. we would highly recommend it.

Here’s a breakdown of how Spreadex performed:

Here’s a rundown of the overall pros and cons of Spreadex:

Pros

• Regulated in Great Britain by the Gambling Commission underlicence no. 8835

• Competitive odds on major sports

• Good variety of betting markets

• Generous welcome bonus package

Cons

• Occasional lag times on streams

Safety – 5 stars

Spreadex is a well-established, UKGC-licensed platform that provides a safe environment for UK bettors.

With robust security protocols and a long track record of reliable service, users can feel confident trusting Spreadex with their funds.

Licences

As a financial services company operating in the UK, Spreadex holds several important licences and authorisations.

It is regulated by the Financial Conduct Authority (FCA) for its financial spread betting services, ensuring adherence to strict financial standards and practices.

Additionally, for its sports betting and casino games, Spreadex is licensed and regulated by the UK Gambling Commission, which oversees its compliance with gambling laws and the protection of UK customers.

This dual regulation ensures that Spreadex operates legally and upholds high standards of fairness and customer protection in both its financial and gambling services.

Security

Spreadex employs bank-level security protocols to protect user data and funds. User passwords are encrypted and all web traffic is secured under SSL certificates.

Two-factor authentication provides an extra layer of account protection as well.

The company segregates all client funds in top-tier banks to keep them separated from company finances.

Regular audits validate account balances match client holdings. These strict security controls prevent misuse of customer deposits.

Track Record

With over 20 years of operation, Spreadex has proven itself a reliable, resilient business.

They weathered significant market events like the 2008 financial crisis while maintaining normal operations. Such long-term consistency builds further trust in their stability.

For UK punters, Spreadex ensures a secure, dependable, and responsive customer service experience.

Pros

• UKGC license

• Bank-level account security

• Long track record of reliable service

• Good customer service reputation

Cons

• None

Mobile Betting App – 5 stars

Spreadex offers an excellent mobile betting app for UK punters, providing a smooth user experience packed with features.

Look and Feel

The Spreadex app has a clean, modern design with an intuitive layout that makes finding markets and placing bets simple.

The colour scheme is easy on the eyes and the menus are well-organised. There are also plenty of customisation options to tailor the interface to your preferences.

Whether using an Android or iOS device, the app is fast and responsive.

Making a Bet

Placing wagers through the Spreadex mobile app is quick and straightforward. The bet slip functionality allows you to easily build accumulators across different markets.

Live in-play betting is seamless, with constantly updating odds. Depositing and withdrawing funds from your account can also be done directly through the app.

User Experience

We found the Spreadex betting app extremely user-friendly.

Navigation is intuitive, markets load rapidly, and the interface is packed with helpful features like cash-out, result alerts, and live streaming.

Responsiveness is excellent even when live betting. The app certainly enhances the overall Spreadex experience for mobile punters.

Check out our roundup to see how Spreadex compares to the top betting apps in the UK.

Pros

• Slick modern interface

• Hundreds of markets across sports

• Easy bet slip functionality

• Live streaming capability

Cons

• Occasional lag time on older devices

Website – 4 stars

Spreadex provides a slick, modern website for sports betting with an intuitive user experience.

Look and Feel

The Spreadex website immediately impresses with its clean, uncluttered layout and bold branding. The dark backgrounds make the colourful sports imagery pop on each page.

The backdrop features a cool, contemporary colour palette that beautifully complements the dynamic sports imagery, making it stand out and captivate attention across every page.

Navigation is straightforward with the main sports betting links conveniently located in a persistent top menu bar.

The homepage highlights popular leagues front and centre while also promoting current promotions.

Overall, the online betting site looks sharp while avoiding information overload. The visual hierarchy draws the eye to key content first.

Furthermore, the site is fully responsive so it adapts smoothly across desktop, tablet and mobile.

User Experience

Placing bets is a breeze on Spreadex. Users can easily search or browse for their preferred sport, league and match.

The odds are displayed in an organised layout. Bet slips are a model of simplicity with stake inputs and potential returns calculated automatically.

In addition, the site offers one-click betting for frequent bettors along with useful features like cash out and edit bets for in-play wagers.

Registration only takes a few minutes to set up an account.

On the downside, some areas like rules could use more details. But generally, Spreadex makes sports betting straightforward for both beginners and seasoned punters.

Pros

• Slick modern interface

• Easy account setup

• Good selection of sports

• Competitive odds

• Multiple betting options

Cons

• Limited help section

• Fewer niche sports

Overall, Spreadex provides a great user experience for sports betting.

The site looks fantastic and bets can be placed rapidly. While some improvements could still be made, Spreadex hits the mark for most punters’ needs.

Deposits & Withdrawals – 3 stars

Spreadex offers a decent range of banking options for UK-based bettors. However, the lack of e-wallets and restrictions on third-party payments prevent a higher rating.

Deposits

When depositing into a Spreadex account, bettors can use debit cards, bank transfers, and cheques.

Unfortunately, Spreadex does not support any e-wallet services like PayPal or Skrill. Cryptocurrencies are also not accepted.

This limits deposit convenience for some punters. However, unlike most of its competitors, Spreadex does not impose maximum deposit limits.

Making a Deposit

• Log into your account and access the banking section

• Select the desired deposit method

• Enter the deposit amount and submit payment details

• Funds credited to the account shortly after

Deposits are free and processed rapidly in most cases.

Debit card deposits appear instantly, while bank transfers take 2-5 business days. Cheque deposits understandably take the longest at 5-10 days.

Withdrawals

When making a withdrawal from Spreadex, most of the same methods used for deposits can be utilised. Bank transfers and cheques are available.

Debit card withdrawals are supported, with funds likely to appear in your account within 2-5 days. Payouts are not charged fees by Spreadex.

There is a minimum withdrawal amount of £10 imposed across all methods.

As with deposits, bank transfer withdrawals take 1-3 days for settlement. Cheques are significantly slower at 5-10 business days.

Making a Withdrawal

• Access the banking section and select withdrawal

• Choose the payout method and enter the amount

• Provide required account details

• Allow 2-10 days for funds to appear

Pros

• No deposit fees

• No maximum deposit limit

• Rapid debit card deposits

Cons

• No e-wallet support

• No cryptocurrency accepted

Overall, Spreadex offers an adequate selection of banking options paired with rapid processing. However, the lack of e-wallet and crypto support is disappointing.

Punters desiring more withdrawal flexibility may want to look at other UK bookies.

Markets – 4 Stars

Spreadex offers a wide variety of betting markets across numerous sports. Punters can wager on popular sports like football, horse racing, tennis, golf, and cricket.

They also cover more niche sports like darts, snooker, and esports. The range of betting markets within each sport is quite extensive.

Sports

Football dominates with coverage of dozens of leagues around the world.

All major competitions like the Premier League, Champions League, La Liga, Serie A, and Bundesliga are included.

You’ll also find leagues from Asia, South America, and Eastern Europe. Domestic cup tournaments and international fixtures are available too.

Other well-covered sports are tennis, golf, cricket, rugby union/league, boxing, MMA, motorsports, cycling, and major US sports.

Horse racing has daily meets in the UK and Ireland. Niche sports also make appearances – darts, snooker, handball, volleyball, etc.

While not an esports specialist, Spreadex provides odds for major tournaments in CS:GO, LoL, Dota 2, Overwatch, Valorant, and FIFA.

The market variety for esports is slightly limited compared to dedicated e-sportsbooks.

Odds

Spreadex posts competitive odds in line with the top UK bookmakers. However, you can sometimes find better odds shopping around.

Margins are lower for high-profile football matches and races, while more obscure events see slightly wider margins.

Many unique markets are priced fairly given the specificity. However, novelty and entertainment bets tend to be underpriced relative to the implied probability.

These should likely be avoided or used sparingly to spice up an accumulator.

Overall for mainstream events, Spreadex provides solid odds that are sufficient for the majority of bettors.

Their strong market depth offsets slightly higher margins in certain areas. Savvy punters may want to line shop prices at odds comparison sites.

Pros

• Extensive variety of sports covered

• Great depth of betting markets within each sport

• Competitive odds on par with top UK bookies

Cons

• Missing some more advanced betting markets

• Slightly higher margins on less popular competitions

Pre-Match Betting – 4.5 stars

Spreadex offers a wide range of pre-match betting options for UK users.

With competitive odds across major sports like football, horse racing, and tennis, it covers most events that users would want to bet on.

Coverage

Spreadex has pre-match markets for popular UK and European football leagues, Grand Slam tennis tournaments, golf majors, and major horse races like the Cheltenham Festival.

It also covers other sports like cricket, rugby, boxing, and MMA.

While the markets may not be as extensive as some other UK bookies for niche sports, Spreadex still impresses in its pre-match coverage of major events.

The odds are also quite competitive. Spreadex displays value in its lines, especially for football matches in the Premier League, Champions League, and lower English divisions.

The margins kept are lower than average. This gives punters a better chance of winning in the long run.

Bet Builder

Spreadex offers a bet builder tool on its site and mobile apps. With it, users can combine different selections from a single match into one bet.

This allows the creation of tailored wagers with higher odds. For example, in a football match, you could bet on Team A to win, total goals over 2.5, and Player X to score anytime.

The bet builder is easy to use and creates unique bets you won’t find as standard wagers.

Pros

• Competitive odds across major sports

• Good coverage of UK & European football, horse racing, tennis

• Bet builder function to make custom bets

Cons

• High minimum stakes on some bets

In-Play Betting – 4 stars

Spreadex offers an excellent in-play betting experience for users looking to place wagers while a game is in action.

Markets

With Spreadex, you get access to a wide variety of in-play markets across major sports like football, tennis, cricket, golf, and more.

There are ample opportunities to place in-game bets on outcomes like the next goalscorer, correct score, total points, and player props once the event has started.

The odds shift rapidly to reflect the changing dynamics of the contest.

We especially appreciate how they offer bets on obscure markets like bowling speed in cricket or ski jump distances that you don’t see in every sportsbook.

The number of in-play markets can be extensive for major events like Premier League or Grand Slam tennis up to 200+ markets.

Overall, Spreadex provides substantial coverage for in-game wagering.

Bet & Watch

Spreadex integrates live streaming seamlessly in the sportsbook interface so you can watch events and place bets in real time without toggling screens.

Streams are smooth, stable, and have minimal delay. Picture quality adapts well on mobile too.

Having the game footage and betting options side-by-side enables you to analyse the action, identify promising positions, and quickly get your bets in. It’s an intuitive setup.

Live Scores and Match Stats

In addition to live streams, you get access to continuously updated box scores, statistics like possession or corner kicks, and even shot or passing maps for some matches.

These live data visualisations allow you to make informed in-play wagers based on how the game is unfolding.

Pros

• Huge variety of in-play betting markets

• Smooth live streaming integrated with betting

• Detailed real-time match statistics

Cons

• Can’t customise the interface to only show certain markets

• Occasional lag on live streams

Welcome Incentive – 4.5 stars

Spreadex stands out with a compelling welcome incentive for new UK customers, offering a series of free bets and spins to get started.

2024 Bonus

New customers placing a qualifying £25 fixed odds bet at odds of 1/2 or greater can unlock a sequence of rewards at Spreadex.

This includes an initial £5 free fixed odds bet, followed by four more £5 bets over consecutive days.

Additionally, there are free spread bets and free spins on Starburst, all adding substantial value to the welcome package.

How to Redeem

Simply place your qualifying bet, and Spreadex will automatically credit the free bets and spins to your account, ready for use across their diverse betting offerings.

Comparative Offers

Spreadex’s welcome offer is quite competitive, especially with its mix of free fixed odds bets, spread bets, and free spins, which is a combination not often seen in the market.

Pros

• Series of free bets

• Free spins on Starburst

• No wagering requirements on spins

Cons

• £25 qualifying bet required

• Free bets and spins expire in 28 days

• Email could be slower during peak inquiry times

Customer Service – 4.5 stars

Spreadex provides excellent customer service through various channels like live chat, phone, and email.

Live Chat

The live chat feature on Spreadex’s website and mobile app allows you to instantly connect with a customer service agent.

Agents are knowledgeable, polite, and quick to respond, typically within a minute or two. They can assist with account questions, technical issues, betting inquiries, and more.

Telephone

Spreadex’s UK-based phone support is available 24/7.

Wait times are usually under a minute.

Agents are friendly and able to effectively troubleshoot problems.

Whether you need help making a deposit, clarification on spreads, or anything else, the phone team can quickly get you answers.

Email

If your issue isn’t urgent, email is another good option.

Response times are prompt, typically within a few hours. The email support team provides detailed, individualised responses to questions.

Pros

• Short wait times for live chat and phone

• 24/7 UK-based phone support

• Knowledgeable agents

• Personalised responses

Cons

• Phone wait times sometimes exceed a minute during peak hours

Final Thoughts

Ultimately, Spreadex stands out as a top choice for sports betting in the UK due to its competitive odds, extensive betting markets, and innovative platforms.

The user-friendly web and mobile platforms make sports betting accessible for beginners while providing the tools needed by advanced punters.

While sports betting does carry risks, the risk management tools offered by Spreadex empower bettors to define their risk tolerances.

For these reasons, both recreational and serious sports bettors in the UK should consider Spreadex for its odds, markets, and platforms to place profitable sports wagers.

FAQs