Please note that this review features affiliate links. This means that we may receive a commission if you proceed to open an account at this bookmaker. However, we are dedicated to endorsing only carefully selected betting sites. Additionally, we also evaluate sites with which we have no affiliation, providing bettors with the opportunity to explore all available options.
- Offers fixed odds & spread betting
- Generous welcome bonus
- Strong coverage of financial markets
- Solid overall reliability and regulation
Spread betting losses can exceed deposit. 18+ www.gambleaware.org. Place a £10 fixed odds single or £10 each-way bet at minimum odds of 1/2 and get 3 x £10 free fixed odds bets, 3 x £5 Total Goals football spread bets and 3 x £5 Winning Favourites spread bets and a £1 racing Race Index spread bet.
#ad. 18+, GambleAware.org, T&Cs Apply
Spreadex Review (2025)
Spreadex has been part of the UK betting scene since 1999 — a long-standing operator that has carved out its own niche by offering both fixed-odds sports betting and spread betting under one roof. Few competitors provide this combination, giving Spreadex a distinctive place in the market.
The platform delivers fixed odds in line with many of the bigger names, backed by a strong welcome bonus and dependable withdrawals. Its site and app may lack the polish of top-tier sportsbooks, but they cover the essentials well and remain functional for day-to-day betting.
If you want the reassurance of an experienced bookmaker with the added option of spread betting, Spreadex is a trustworthy and interesting alternative to the mainstream giants.
How were these ratings created?
This Spreadex review follows Punter2Pro’s standardised rating system, which is designed to provide a fair, data-driven assessment. Each category is weighted by importance — with core factors like Odds, Features, and Sports Coverage carrying more influence on the overall score than less critical areas.
The aim is to strip away subjectivity and measure only what really impacts the betting experience. That means highlighting where Spreadex performs well, while also pointing out areas that could be stronger.
Crucially, this same process is applied to every bookmaker we review. Whether or not we work with a brand, all operators are judged on identical criteria, ensuring consistent and unbiased results across the board.
About Spreadex
Spreadex was founded in 1999 and is operated by Spreadex Limited. The company runs entirely online with no physical betting shops and is licensed by both the UK Gambling Commission and the Alderney Gambling Control Commission.
In addition, because of its financial spread betting services, Spreadex is authorised and regulated by the UK’s Financial Conduct Authority (FCA).
Safe, Secure & Fair
As a regulated operator, Spreadex is required to meet strict compliance standards designed to protect customers. These include:
- SSL encryption to safeguard personal and financial data
- Two-factor authentication (2FA) for secure account access
- KYC (Know Your Customer) checks to verify identity and prevent fraud
- Geo-fencing to restrict play to approved jurisdictions
- Secure payment processing for all transactions
In line with UK gambling regulations, the site also provides responsible betting tools such as deposit limits, time-outs, reality checks, and self-exclusion.
Spreadex is registered with the Independent Betting Adjudication Service (IBAS), giving customers access to impartial mediation in the event of disputes.
Bookmaker Profile
Company
Spreadex Limited
Established
1999
Website
Target Markets
UK, Ireland, Denmark
Languages
English
Licences
UK, Alderney
Regulators
1. Gambling Products
Spreadex offers 5 core gambling products under one login, including Sportsbook, Spread Betting, Financials, Virtual Sports, and Tote / Pools.
It doesn’t provide Casino, Live Casino, Poker, or Bingo — so if you want traditional gaming verticals, you’ll need another site. Where Spreadex stands out is in its specialist focus on spread betting and financial markets, giving bettors access to products rarely found at other UK bookmakers.
Standard
Popular products offered by many betting sites. These count more towards the score for this section than 'Specialist' products.
Specialist
Specialised "niche" products offered by some betting sites. These count less towards the score for this section than 'Standard' products.
2. Sports & Markets
Market Depth
Spreadex offers a reasonable depth of markets within its available sports, especially in football and horse racing. Punters can expect the usual range of match odds, handicaps, totals, and player props, though the variety doesn’t go quite as deep as leading competitors that specialise in detailed submarkets.
Depth Rating:
Betting Beyond Sport
Beyond traditional sports, Spreadex offers limited coverage of non-sport markets. Politics is regularly featured, along with some entertainment and specials, but novelty betting is less of a focus here than at larger bookmakers.
In-Play & Streaming
Spreadex delivers in-play betting across major sports, with live odds available on football, tennis, and racing. The interface is functional and responsive, though less advanced in terms of visuals and real-time stats compared to leading rivals.
On the plus side, Spreadex includes live streaming within the in-play experience. You can watch live events directly through the desktop platform or app across disciplines like horse and greyhound racing, football, tennis, basketball, even NFL matches—often without having to place a bet to view.
All Available Sports (A-Z)
- American Football*
- Athletics
- Australian Rules
- Badminton
- Baseball*
- Basketball*
- Beach Volleyball
- Bowling
- Bowls
- Boxing*
- Chess
- Cricket*
- Current Affairs
- Cycling
- Darts*
- Entertainment / TV
- eSports
- Field Hockey
- Fishing
- Floorball
- Football*
- Formula 1*
- Futsal
- Gaelic Games
- Golf*
- Greyhound Racing
- Handball
- Horse Racing*
- Hurling
- Ice Hockey
- Lacrosse
- Lotto Specials
- MMA / UFC*
- Motor Racing
- Motorbikes
- Netball
- Novelty
- Politics
- Pool
- Rowing
- Rugby League*
- Rugby Union*
- Shooting
- Snooker*
- Softball
- Specials
- Speedway
- Surfing
- Squash
- Swimming
- Table Tennis
- Tennis*
- Triathalon
- Trotting
- Virtual Sports
- Volleyball
- Water Polo
- Winter Sports
- Wrestling
How are sports & markets graded?
Each sport is graded according to its overall betting popularity, with more weight given to major sports like Football, Horse Racing, and Tennis than to niche markets with lower demand.
Alongside variety, market depth is also considered — measuring the number of betting options available within each sport. This reflects a quality over quantity approach.
As a result, the final score takes into account not just how many sports are covered, but also how much flexibility bettors have within them.
3. Odds & Value
Spreadex offers mid-range odds across its sportsbook — not market-leading, but still stronger than many rivals. For everyday bettors, the margins provide reasonable value.
In a sample of 20 randomly selected prices from top-flight European football fixtures, Spreadex’s odds averaged 3.07 against 3.28 on the betting exchange — 6.46% below the leading price. This puts it squarely in line with many mainstream UK bookmakers.
Overall, Spreadex sits in the solid middle tier for pricing. It may not attract price-sensitive players chasing the very best prices, but it avoids the inflated margins of weaker sites — making it a good option for casual punters.
Spreadex vs Exchange Odds
Note: To keep results consistent across bookmaker reviews, odds were capped at 10.0 and measured only within the match odds market for major football leagues.
Why are the exchange odds higher?
The betting exchange provides industry-leading odds generated by the public, traded peer-to-peer rather than against the betting company. These odds are widely considered the most accurate in the market. The betting exchange earns its revenue through a commission, usually applied to winnings.
In contrast, bookmakers operate under a different model, incorporating a margin or “edge” into their odds. Consequently, the prices offered by bookmakers tend to be lower than those found on the betting exchange.
This crucial information is often overlooked by many gambling affiliate sites, but for the sake of transparency, it should be common knowledge.
Despite this, bookmakers give many advantages over betting exchanges.
4. Bonuses & Promotions
Spreadex makes a strong first impression with its welcome offer. The current sign-up bonus — Bet £10 Get £60 in Free Bets — is one of the most generous promotions available, sitting 101% above the site-wide average. It combines fixed-odds free bets with spread-betting tokens, giving new customers a taste of both betting formats.
One of the standout aspects of this bonus is its structure. The qualifying bet requires minimum odds of 1/2 (1.5), and the reward is split between fixed-odds free bets and spread-betting tokens — giving new users a chance to explore both sides of what Spreadex offers.
Beyond the sign-up deal, Spreadex also runs a smaller set of ongoing offers that add some extra value for regular bettors.
Examples of current offers include:
- Acca Boosts on football multiples
- 2-Up Early Payout when your team goes two goals ahead
- Refer a Friend bonuses
Overall, Spreadex’s promotional strength lies in its excellent welcome bonus, while the ongoing schedule is functional but not especially varied.
Ongoing Promotions:
Not signed up yet? Claim the “Bet £10 Get £60 in Free Bets” with Spreadex today:
#ad. 18+, GambleAware.org, T&Cs Apply
Spread betting losses can exceed deposit. 18+ www.gambleaware.org. Place a £10 fixed odds single or £10 each-way bet at minimum odds of 1/2 and get 3 x £10 free fixed odds bets, 3 x £5 Total Goals football spread bets and 3 x £5 Winning Favourites spread bets and a £1 racing Race Index spread bet.
Bonus Amount (£)
£60
Awarded Only If Qualifier Loses?
No
Qualifying Bet (£)
£10
Stake Returned?
No
Minimum Odds
1.5
Rollover Requirement
1x
Is The Signup Bonus Worth It?
Based on our calculations, the offer provides an estimated £38.34 in value — making it one of the strongest bonuses available. Importantly, both the fixed odds and spread-betting tokens carry no downside risk — you cannot lose your own money using them. Any profits are yours to keep, while losses are absorbed by the token itself.
That said, this figure is only a guideline. There’s always a chance of losing your qualifying bet, and the final return will depend on how you use the free bets and spread tokens.
How was this bonus valued?
This bonus has been mathematically valued using an “average case” model, based on a set of standard assumptions:
- The odds data collected in the previous section is treated as representative of the site’s overall pricing.
- Qualifying bets are assumed to be placed at the minimum required odds for the promotion (Generous welcome bonus) to keep risk as low as possible.
- Free bets are assumed to be used at decimal odds of 3.5, reflecting outcomes with a balanced level of risk and reward.
For spread bet tokens, the value is harder to measure than with fixed-odds free bets. For fairness in our EV calculations, we’ve assumed the spread tokens provide a value similar to fixed-odds freebies with equivalent bookmaker margins — but in practice, users may see more extreme returns.
By following this approach, we can highlight which promotions genuinely offer positive expected value, and which ones are less likely to benefit the average bettor.
5. Payment Options
Spreadex supports 5 payment methods for deposits and withdrawals — covering around 14% of all recognised options assessed in our bookmaker reviews. This is a relatively limited range, though it does include the core methods most users expect: Visa, Mastercard, Bank Transfer, Apple Pay, and Google Pay.
However, Spreadex does not currently support popular e-wallets like PayPal, Skrill, or Neteller, nor does it offer options such as Paysafecard, Trustly, or cryptocurrency. This won’t be an issue for most UK bettors, but it does reduce flexibility for those who prefer a wider choice of payment services.
Popular Methods Supported
All Available Methods (A-Z)
- Apple Pay
- Astropay
- Bank Transfer
- Boku
- Boleto
- Cash
- CashToCode
- Citizen (Yaspa)
- Diners Club
- eCheck
- Entropay
- EPS
- Google Pay
- iDEAL
- iDebit
- InstaDebit
- Interac
- Klarna
- MasterCard
- MuchBetter
- Neosurf
- Neteller
- Nordea
- Pay4Fun
- PayPal
- Paysafecard
- Payz
- QIWI
- Rapid Transfer
- Skrill
- Solo
- Todito Cash
6. Withdrawal Speed
Withdrawals at Spreadex typically take 3 days, which is 29% slower than the average withdrawal time recorded across bookmakers on this site.
Most transactions are completed within 2–5 days depending on the method, with Visa, Mastercard, Apple Pay, and Google Pay following standard timelines. Bank transfers tend to be faster thanks to Instant Transfer processing, with some payouts reaching accounts within just a couple of hours — though this is not guaranteed.
There are no fees for withdrawals, but because Spreadex has limited e-wallet options, it misses out on faster payout speeds offered by some top-tier competitors.
| Payment Method | Withdrawal Time | Minimum | Fee |
|---|---|---|---|
 Bank Transfer | 2 hours | £1 | Free |
 Visa | 2 - 5 days | £1 | Free |
 Mastercard | 2 - 5 days | £1 | Free |
 ApplePay | 2 - 5 days | 1 | Free |
How is withdrawal speed graded?
The rating for this section is calculated using multiple data points, including:
- The bookmaker’s stated withdrawal times, assuming all KYC checks have been successfully completed.
- Average withdrawal speeds reported by real customers based on their personal experiences.
Where possible, I combine both sources to give the most accurate picture of payout times across different payment methods. If reliable data isn’t available for a particular method, it is excluded from the analysis and does not impact the overall rating.
7. Key Features
Spreadex offers a focused set of 5 key features. The essentials are here, but the overall range is narrower than what you’ll find at bigger bookmakers. Highlights include:
- Cash Out – available on selected singles and multiples, but only as full Cash Out (no partial or auto options).
- Live Streaming – covers UK and Irish horse racing. Other sports are not included.
- In-Play Betting – straightforward live betting across major sports, though limited in advanced stats and graphics.
- Best Odds Guaranteed – applies to all UK and Irish horse racing, ensuring payouts at the best available price if the SP is higher than the price taken.
- Mobile App – available on both iOS and Android. Functional and reliable, though less polished than apps from larger operators.
Note that customer support is accessible via live chat, phone, and email, but not offered 24/7.
Feature Quality:
Sports Betting
Features that enhance the sports betting experience. These count more towards the score for this section than 'Customer Support' features.
Customer Support
Features that enable customers to seek assistance quickly and effectively. These count less towards the score for this section than 'Sports Betting' features.
- Live Chat
- Phone Support
- Email Support
- 24/7 Support
- Phone Support
8. User Interface
Spreadex’s platforms are reliable and functional, but they lack the polish of leading bookmakers. Both mobile and desktop versions work well day-to-day, yet the overall presentation feels inconsistent and dated. There’s plenty of content and functionality, but it isn’t always arranged in the most user-friendly way.
-
Mobile
-
Desktop
The Spreadex app is fast and generally well-reviewed for reliability. The horizontal sports scroller across the top makes navigation straightforward, and the integrated search tool is a real strength — recognising variations of team names and pulling up helpful stats at the top of events.
Design, however, is less refined. Fonts and box sizes can appear clumsy, spacing around certain elements is unusual, and colours aren’t always consistent across the app. It doesn’t fully align with the desktop site in style, which adds to the impression of inconsistency.
Even so, the app performs its core functions well: markets are accessible, switching between fixed-odds and spreads is simple, and live betting runs smoothly.
| Mobile Ratings |
|---|
| Content |
| Navigation |
| Aesthetics |
The desktop site shows its age more clearly. Fonts are narrow, menus aren’t always intuitive, and selecting less popular sports requires hovering rather than straightforward clicking. The right-hand sidebar also packs in multiple widgets (“In-Play Soon,” upcoming horse and greyhound races, “Most Popular” bets), creating a cluttered feel.
It remains usable, but the layout can overwhelm with too much information at once. A modernised structure and a cleaner design would help the platform feel more approachable while making the most of the strong product range on offer.
| Desktop Ratings |
|---|
| Content |
| Navigation |
| Aesthetics |
9. Fund Protection & Security
Security and financial stability are particularly important considerations when reviewing Spreadex, especially given its unique dual role as both a bookmaker and a financial trading platform.
Fund Protection Rating
Spreadex holds a Medium level of fund protection under the UK Gambling Commission’s framework. This means customer funds are kept in separate accounts and are subject to some level of safeguarding, but they are not fully guaranteed if the company becomes insolvent. It’s a stronger rating than many UK bookmakers, but still falls short of the High classification that offers maximum reassurance.
Spreadex's Financial Outlook
Unlike most operators, Spreadex is also regulated by the Financial Conduct Authority (FCA) for its spread betting and CFD products. This brings stricter compliance obligations, particularly regarding client money handling and risk management.
In its most recent filing, Spreadex reported revenues of £42.2m profit in pre-tax profit for 2024— very close to the industry average of £42.8m. These results highlight a stable business with a balanced model across both financial trading and sports betting.
Dormant Account Fees
Another positive is that Spreadex’s does not charge any dormant fees on inactive betting accounts.This is great for users who only bet occasionally and prefer to hold a balance for extended periods.
How accurate are these profit figures?
I’ve researched the pre-tax profits of the gambling companies featured in my reviews as thoroughly as possible, but exact accuracy can’t be guaranteed.
Corporate structures in the gambling sector are often layered and fragmented, with operators spread across multiple jurisdictions. Frequent mergers, acquisitions, and investments further complicate the picture, making it difficult to present a single, definitive view of financial performance.
These figures should therefore be viewed as informed estimates. If precise financial data is critical to your decision-making, I recommend verifying the latest filings and reports directly.
10. Reputation
Lastly, I looked at Spreadex’s reputation by analysing customer satisfaction and the brand’s overall public image.
To do this, I gathered feedback from multiple review platforms and respected gambling communities. Spreadex holds an average user rating of 7.5 out of 10, reflecting steady but mixed sentiment. Positive reviews often highlight its unique spread betting product, while recurring complaints typically focus on usability and the limited payment options compared to larger brands.
Industry Rating:
Spreadex has been subject to UK Gambling Commission enforcement actions within the past 3 months. Therefore a negative adjustment has been applied to the overall rating for this section.
Do any sites have an immaculate reputation?
It’s unrealistic to expect any bookmaker to achieve a flawless score in this category — every operator has shortcomings.
Even long-established, highly regarded brands have come under fire at times, and I make no attempt to gloss over these issues in my reviews.
The positive news is that industry standards are gradually improving. Stricter regulation and higher public expectations are forcing operators to adapt, with the better ones pulling further ahead of those that fail to take responsible practices seriously.
If this momentum continues, we should see stronger performances in this area and a safer, more transparent betting environment for players.
Learn more: Problems In The Gambling Industry
Final Verdict on Spreadex
Spreadex earns a total score of 6.1 out of 10, making it a distinctive bookmaker with a clear niche in the UK market.
The platform’s standout feature is its dual offering of fixed-odds and spread betting — a unique combination that sets it apart from mainstream rivals. This is further reinforced by FCA oversight for its financial betting products, which adds an additional layer of credibility and regulatory protection not seen at most competitors.
Spreadex also delivers a very strong welcome bonus, cleverly structured to introduce new customers to both betting formats. Odds are serviceable, sitting in the mid-range: rarely market-leading, but fair enough for everyday betting.
On the downside, the sportsbook lacks variety in payment methods, with no PayPal, Skrill, or Neteller support — and withdrawals are slower than at top-tier operators. Additionally, the desktop site feels dated and slightly cluttered, and although the mobile app is functional and well-reviewed, it lacks the polish and visual consistency of market leaders. These drawbacks aren’t deal-breakers, but they do leave room for improvement.
Overall, Spreadex is best suited to punters who want the flexibility of fixed-odds and spread betting in one account, and who value its specialist financial betting angle. While it doesn’t quite match the usability of the biggest names, it remains a trustworthy and innovative option in a crowded market.
Ready to try it yourself?
Claim your “Bet £10 Get £60 in Free Bets” promotion today and explore what Spreadex has to offer.
- Offers fixed odds & spread betting
- Generous welcome bonus
- Strong coverage of financial markets
- Solid overall reliability and regulation
- Limited payment methods
- Dated desktop interface
- No Casino/Gaming products
Good
Spreadex FAQ
Spreadex was founded in 1999 and is operated by Spreadex Limited. It’s unique in offering both fixed-odds sports betting and financial spread betting under one account.
No — Spreadex is an online-only operator, with no betting shops or retail outlets.
Spreadex covers 7.0 sports, including football, horse racing, tennis, golf, cricket, rugby, and more. Its football markets are extensive, with options for match results, goals, players, and in-play betting.
Its main distinction is the ability to bet both ways: traditional fixed-odds and spread betting. It’s also one of the few platforms where you can trade financial markets alongside sports.
Spreadex’s odds are middle of the pack — not market-leading, but fair compared to most UK bookmakers. In a sample of Mediocre football prices, its average was Excellent vs Decent on the exchange, showing respectable value for casual bettors.
Spreadex offers customer support via live chat, email, and telephone. Support hours are generally strong, though not 24/7 like some larger operators.
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