Spreadex Review 2022

As soon as I began writing a Spreadex review, I noticed a bucket-load of originality. This site stands out from the pack, from spread betting to its forex exchange and, of course, the excellent sports betting options. Read the full Spreadex review below to find out more.

As you can probably tell even this early in my Spreadex review, this is a betting site which I’m a fan of. But it’s not perfect, as all betting sites have their drawbacks.

Here are the key pros and cons of using Spreadex:

✔️ Spreadex Strengths

• Spread betting: This is a rare site which allows fixed odds betting and spread betting from a single account. In fact, they claim to be the only site to do so.
• Better odds: You can frankly get better odds at a spread betting account than you can at standard online betting sites.
• Unique markets: The markets here are really niche. For example, you can bet on the combined total of the goal scorers’ shirts in a football match. So, if numbers 7, 11 and 32 scored, the market would pay out on 50.

❌ Spreadex Weaknesses

• Confusing: If you’re new to concepts like spread betting, or buying and selling on particular markets, it can be pretty confusing and maybe enough to put you off. This isn’t really a fault of Spreadex, but more of the barrier to spread betting itself.

Conclusion 

If you can take the time to understand how spread betting works, of if you’re already familiar with it, you should love Spreadex. Review the offers, markets and odds and you’ll instantly see why this site holds so much appeal. 

I was thoroughly impressed by the end of my Spreadex review, as this is a site which packs in tonnes of cool features and market-beating odds.

The welcome bonus is straightforward and rewards you with one of the most desirable types of promotion: free bets. And you can use them across all types of sports on some truly unique markets, which aren’t available at the majority of online betting sites.

As I mentioned earlier in my Spreadex review, this betting site is packed with original markets that allow you to bet on the smallest details of a contest. And the spread betting side of things also gives you the potential to see your winnings grow exponentially. Just make sure you understand how it works, as you can also lose more than your standard stake.

Banking is limited, and this is certainly an area I noted could be improved while conducting a Spreadex review. At the same time, they offer you the chance to open a credit line up to the value of £2,000. I’ll leave you to decide whether that’s a pro or a con – but just make sure you only ever bet money you can afford to lose.

Customer support is top notch, with live chat being the most convenient option. As part a thorough Spreadex review, I asked the team a series of intentionally complicated questions to test them. They passed with flying colours, demonstrating sound knowledge and a friendly approach.

The Spreadex betting app is an accomplished piece of software, which allows you to mirror a lot of what you can do on the main desktop site. If you decide that you like spread betting, this is an app I’d recommend using, as it’s perfect for betting on the move.

It is completely legal to place bets at Spreadex if you’re a customer located in the UK. Their head office is situated in the UK and their gambling license is also local, coming from the UKGC. You can bet on Spreadex sports or even dip into financial trading safe in the knowledge that it’s safe and trustworthy.

When I started reviewing Spreadex, I wasn’t sure whether they would offer a traditional welcome bonus, because of the spread betting and financial trading aspects of the site. But they do – and it’s a pretty solid one at that.

To qualify, you have to be a new player who is making their first real-money deposit. In exchange, you’ll pick up some valuable freebies to kick-start your time at the betting site.

Spreadex’s welcome bonus

Bet £25 & get £35 in free bets

If you qualify for the offer, you’ll receive a £5 free bet each day for five days, in addition to one when you qualify and one at the end of the five days.

How to claim Spreadex’s welcome bonus

• Sign up to Spreadex’s sports betting site
• Deposit and place a fixed odds bet
• If you bet £25+, you’ll receive the maximum bonus of £35 in free bets
• Receive a free £5 bet each day for five days, plus a £5 free bet before and after
• Use your free bets within 28 days

Spreadex’s welcome bonus terms and conditions

The terms and conditions at the time of my Spreadex sports review were quite relaxed, with no wagering requirements on your free bets. The main things to remember are:

• You’ll receive up to seven free £5 bets, mostly on separate days
• You need to use them within 28 days
• There are no wagering requirements, although you won’t receive the stake back
• You’ll receive six ‘free £5 fixed odds bets’ and one ‘free £5 Total Goals spread bet’ 

Any other bonus for new users

You’ll see two different pages which appear to refer to two different welcome bonuses, but they’re both actually the same thing. One page only covers the two free £5 bets, while the second page includes details on the 5 x £5 daily free bets. You can claim all of the above when you deposit and bet £25.

If you’ve followed this Spreadex review up until now, you can probably guess the top features. Here’s a little bit more about my favourite things in the Spreadex sports section:

Spreadex’s spread betting

One of the things which made my Spreadex review so unique compared to my reviews of other betting sites is the ability to take part in spread betting. It’s a unique way of betting which has a really interesting upside, where you can lock in profit and then sit back and hope for more with no fear of losing. Just make sure you understand how it works before you place any sizeable bets, as you could lose too.

Packed out blog

The blog here’s not just an excuse by Spreadex to include sports words here and there – it’s actually a very helpful and interesting portion of the website, complete with match previews, betting recommendations, and even fun quizzes.

If you regularly read betting site reviews I’ve written, you’ll know I’m not a massive fan of betting apps. However, I can see the merit of them when it comes to spread betting.

Spread betting is a little more complicated than fixed odds betting, with lots of buy and sell markets. A misclick can be very costly, so it’s important to double check each bet you place. And I’ve found that betting apps are better for this.

As part of my Spreadex review I downloaded the Spreadex betting app on iOS and found it to be very slick. Buttons are bigger and clearer for a mobile screen, which is ideal. Even if you’re not much of a betting app fan, I’d recommend downloading it to give it a try.

As I mentioned earlier in my Spreadex review, banking is one area where the bookie could improve. They only accept limited payment methods like debit cards and cheques, but not e-wallets like PayPal, Ukash or Neteller. This will not be ideal for many of you, and so I’d like to see the Spreadex sports betting section allow more diverse deposits and withdrawals.

On the plus side, the minimum bet amount here is almost non-existent. Many markets allow you to place 1p bets, while others still have a low minimum of 15p.

When I did cash out to test the speeds of transactions, the money landed in my account fairly quickly.

You can get in touch with the support by clicking the speech bubble in the bottom-right corner of the website. They’ll respond from 8am – 5:30pm. If I’m being honest, I’d rather they had longer hours – though given the complexity of spread betting, I understand why they might operate at more ‘standardised’ hours than other betting sites.

I did have a chance to speak with customer support and ask them some tricky questions, to which they replied in a helpful and professional manner.