Sports spread betting has been around for a long time now but many punters still view it with a certain amount of fear. Spreadex want to prove that there is nothing to fear for those who understand how it all works. They've been providing a world class spread betting service to a large number of users for over 20 years now and now that's being complemented with a quality sportsbook and casino they are looking to show exactly what they can offer. We've taken a deeper look into what Spreadex are all about and the products and promotions available with them in our Spreadex review.
Spreadex was the brainchild of Jonathan Hufford, a dealer in the City of London. He had seen first hand the opportunity that spread betting provides and believed there would be a big market for it if he could make it easily accessible to the general public. The internet - which was still relatively new when Spreadex was founded in 1999 - gave Hufford the platform on which to create a company offering spread betting to the masses. It's an opportunity that he grabbed with both hands.
Hufford and his team made some fairly costly mistakes in the early days but it wasn't long before Spreadex became a profitable and successful company. That success increased with a move into sports betting, first with spread betting and then with a fixed odds sportsbook. A series of acquisitions have helped Spreadex's growth to the point where they are now one of Britain's biggest betting companies.
Spreadex continue to grow their product offering and customer base. The good news for those who are yet to see what Spreadex have to offer is that they have a very generous free bet welcome bonus for all new customers.
New customers have the chance to get their hands on either £300 in cashback or a brand new iPad in their first 28 days with Spreadex. To take advantage of this Spreadex free bet offer simply open a new account with Spreadex (you can follow any of the links on our site) and place qualifying sports spread bets. Customers who stake £300 or more will get £300 cashback placed into their account or have the choice of swapping that cashback for an iPad 2018 Wifi 32Gb instead.
Customers who stake less than £300 in their first 28 days will still get cashback to the value of what they have staked so there is something in this offer for everybody. The amount of markets on which you can place qualifying bets is huge and some customers will get the cashback without actually depositing anything as Spreadex offer credit limits on application.
Spreadex offer a host of promotions for their loyal customers. Including spread-free bets and other promotions, the latest updates on these offers can be found on the dedicated Promotions page.
Due to the amount of different betting options, markets and information on the Spreadex page it is absolutely vital that their site is designed with user experience right at the forefront. We're happy to say that is very much the case with the Spreadex site which is surprisingly easy to use once you have a play around with it.
It's true that the information you're shown on the front page is likely to be a little overwhelming for those new to betting but the site's setup is intuitive so navigation and betting on various different markets and products is as easy as could be hoped.
The site also looks great in terms of the colours, fonts and imaging used. All the information that should stand out does stand out and individual markets contain helpful in-play stats. Spreadex also do a very good job of educating their users on all elements of spread and sports betting which is a really helpful touch.
Spreadex don't operate their spread betting and bookmakers sportsbook as two distinct products. Instead, users have the choice of how they want to bet when navigating to a specific event. Putting fixed odds and spreads next to each other shows just how big Spreadex's operation is as it's a market choice you simply don't get anywhere else.
The number of sports they take bets on isn't quite on par with the biggest sportsbooks but it is more than enough to satisfy the majority of punters and certainly those who enjoy spread betting. The value available on both fixed odds and spread betting is more than fair so it really is possible to do all you betting with Spreadex. They also have casino and financials products to complement their betting options.
Live streaming is a relatively new addition to the Spreadex website. Customers who log in to a funded account have the choice of many events from a number of different sports via the Spreadex live streaming service which is improving all the time.
Spreadex have invested heavily in their mobile betting platform. Their mobile site and feature laden apps for both iOS and Android devices allow users to place fixed odds and spread bets on the same screen. Spreadex were the first company to allow users this option and the regularly updated apps rate well on both the Apple and Google stores.
You would expect a forward thinking company like Spreadex to have a cash out product that competes with the biggest players in the world of online betting and that's exactly what they have. Users can close their positions early for a profit or to minimise their losses and there's even the ability to set a level of profit or loss at which cash out will automatically trigger. It's just as easy to cash out on mobile devices with Spreadex's One-Click Cash Out which can be found under the Open Bets section.
Spreadex have extra regulatory tests to pass given they offer spread betting, a sportsbook, financials betting and a casino.
When it comes to the gaming and betting elements of their offering, Spreadex are licenced and regulated by the Gambling Commission in Great Britain and by the Alderney Gambling Control Commission outside of Britain.
In relation to their spread betting product, Spreadex is authorised and regulated by the Financial Conduct Authority. Spreadex also make it very clear throughout their site that spread betting carries a higher level of risk than sports betting.
We've already mentioned that Spreadex have a lot of information about spread betting on their site but they understand that it is new to many of their customers and so have a responsive and knowledgeable customer service team. You can get in touch with a Spreadex representative from the Sports Trading Room, the Financials Trading Room or Customer Services via the Contact Us section of their site.