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SpreadEx Review 2024: Bet £10, get £50 in free bets and bonuses

SpreadEx
4.4/5
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Bet £25, Get £50 in Bet Bonuses

Place a £25 fixed odds single bet at min. odds of 1/2 and get 5 x £5 free fixed odds single bets, as well as 2 x £5 free totals goals bets, 2 x £5 winning favourite bets, and 50 free spins on Starburst. Free bets applied to account on consecutive days. 18+ begambleaware.org T&Cs apply.

18+. T&Cs Apply.

  • Pros
  • Unique spread betting service
  • Competitive odds
  • Great customer service
  • Cons
  • No VIP programme
Written by Christopher
Published on June 17, 2022
Updated on February 2, 2024

Our Summary

Founded in 1999, SpreadEx was one of the companies involved in the creation of the spread betting markets that we see today. Today, SpreadEx stands out from the crowd because it runs as both a fixed-odds and a spread betting platform.

SpreadEx
4.4/5
Verified By
Betting.com

Score Breakdown

Mobile Experience
  • Betting
  • Betting
  • Betting
  • Betting
  • Betting
4.5/5
Support
  • Betting
  • Betting
  • Betting
  • Betting
  • Betting
4.5/5
Bonus & Offers
  • Betting
  • Betting
  • Betting
  • Betting
  • Betting
4.4/5
Odds
  • Betting
  • Betting
  • Betting
  • Betting
  • Betting
4.7/5
Banking
  • Betting
  • Betting
  • Betting
  • Betting
  • Betting
4/5
Sports, Leagues & Markets
  • Betting
  • Betting
  • Betting
  • Betting
  • Betting
4.5/5

What you´ll find in this SpreadEx Review

I gave SpreadEx a thorough road test, using both the desktop and the app. 

Firstly, I investigated the welcome bonus, terms and conditions. Then I completed the registration and verification process.

I checked out a number of different sports before looking at specific bets, both in the fixed-odds and the spread betting platform.

I placed a couple of bets to check everything ran smoothly and then looked at the customer service section, the terms and conditions and at the information and support on safer gambling. These are the topics covered in my findings.

1. Licenses

2. Range of available sports

3. Odds’ value

4. Betting options & features

5. Bonus and offers analysis

6. Overall user experience

7. How easy is to open a new account

8. Things you need to know about their deposit methods

9. How withdrawing works

10. What do you do if you run into issues

SpreadEx licensing, safety and trustworthiness

SpreadEx is a well-established, well-regulated and trustworthy bookmaker. Their policies are clearly laid out on their website and their solid, reliable reputation, developed over more than two decades in well earned. The company is overseen by the UK Financial Conduct Authority for financial trade and the UKGC for sports betting.

SpreadEx complete list of licenses

UK: Gambling Commission

UK: Financial Conduct Authority

What makes SpreadEx Safe

Betting sites need to deal with sensitive information, including financial and personal details, so it is essential that this information is kept secure. It is essential that betting sites are well regulated and everything that they offer is fair and legal. We set out our key points for making betting sites safe.

What makes a betting site safe

  1. Safety of funds
  2. Security of personal information
  3. Official Licenses
  4. Responsibly Gambling policy and tools
  5. Clear terms and conditions
  6. Easily accessible information on policies

All of the information regarding these policies and all terms and conditions are straightforward to find on SpreadEx’s website.

What makes SpreadEx a safe and reputable company
SpreadEx hold licenses from and are regulated by both the UK Gambling Commission and the UK Financial Conduct Authority. This means that they have to adhere to a strict code of conduct and that they are extremely well monitored.
They have a clear privacy policy, which can be accessed via a link at the bottom of each page on their website. 
SpreadEx also promote responsible gambling. Their responsible gambling page outlines their commitment and provides tools to help the customer manage their account and their limits. These includes deposit limits, self-exclusion and the option to take breaks from using the site. 
All of this information is straightforward to find on the website, and the terms for bonuses are clear and straightforward.
Chris Sampson:
SpreadEx are a reliable and well-regulated company, who look after customer welfare in terms of data protection and safe gambling.

Sports you can bet on at SpreadEx

SpreadEx offer over 20 different sports markets. This is a smaller range than many of their competitors. However, it must be remembered that SpreadEx provide fixed odds markets and spread betting for each sport. The popular sports such as football, horse racing, rugby union, cricket, tennis and golf are all well covered. The bookmaker also has sections for e-sports, virtual sports and politics.

Sports Betting Markets at SpreadEx, great variety of betting options
Chris Sampson: SpreadEx may not quite cover the range of other top bookies but they provide both fixed rate betting and spread betting for the most popular sports. Within these popular sports they offer good depth. In football there are a great variety of leagues and a range of different bets.

SpreadEx Odds Offers

SpreadEx generally offer fair and competitive odds for fixed odds betting. I looked at three football matches, from the FA Cup, the Premier League and the French Cup. Their payout margins averaged at 96.1%. For the same three matches bet365 averaged 94.7% and Betfair averaged 93%.

For Rugby League I took three matches from the NRL. SpreadEx averaged 90.5%, with bet365 at 91.7% and Betfair at 91.4%.

For horse racing I looked at the 16:35 at Lingfield and the bookie had a payout margin of 83.3%, with bet365 at 88.7% and Betfair at 86.1%. 

Odds can be viewed as fractional or decimal.

SpreadEx odds: consistent and competitive
Chris Sampson:
SpreadEx provided great value odds for the three football matches we looked at, comparing well to other bookies. However, while their odds for rugby league and horse racing were fair, they did not come out as well against other bookies. For spread betting the company also offer fair and, at times, competitive odds.

SpreadEx Betting Options and Features

SpreadEx offer a great range of markets, options and features to enhance your betting experience. They are one of the few companies to offer both fixed odds and spread betting. Ante-Post betting, Accumulators, Multiples, Each-Way bets, Outright winner bets, Match Betting and In-Play betting are all available.

Spread betting at SpreadEx

SpreadEx offers spread betting for many major sports around the world, including horse racing, football, tennis, cricket and American football. 

In horse racing the spread betting service opens up many new areas for bettors.  Among the options available, wagers can be placed on individual horses, winning distances and numbers of wins for a jockey. 

In football the focus is often on the over and under markets for goals, corners, cards and full-time results. SpreadEx have many niche submarkets available too, such as timings of goals and other events.

Cash out

SpreadEx have a cash out feature which allows you to lock in a profit or loss before waiting for the event to finish. This is available pre-match and in-play, for fixed odds and spread betting.

Variety of Markets

As well as traditional markets SpreadEx offer a wide range of options for both fixed odds and spread betting. Individual player props are becoming very popular, and these are available in a range of sports.

Bet Builder

SpreadEx has a comprehensive bet builder for football. There are many options which you can combine, and #NameIt gives you a chance to further customise your wagers. 

In-play

The bookmaker offers a great range of fixed odds in-play betting options, which allows punters to monitor the action and place their wagers accordingly. The depth of football markets mean that you can find a match to bet on at most times throughout the day. Other sports to offer in-play betting include tennis, rugby union, rugby league, cricket and esports.

There are multiple in-play markets to choose from. For example, in football, as well as the standard match winner, you can bet on which team has the most corners or who will score the next goal. In-play markets on more niche sports or lower tiers of sport, may lack the depth and variety of more popular events.

Like the sportsbook, the spread betting section offers great value in-play. The odds change extremely quickly and you will be alerted that the markets have moved. The layout is set out so the most popular live bets are at the top of the app, and so you can keep up to date with what’s going on in the event. Cash out is available in-play and can be used when buying or selling spread bets.

SpreadEx keep you up to speed with the action with graphics and stats. They also stream plenty of action live.

Live Streaming

SpreadEx constantly provides live streams of sporting events around the world. Sports which can be streamed live include football, tennis, cricket, horse racing and greyhounds.

You may be restricted to which events you can stream due to broadcasting rights.

Sports Blog at SpreadEx

SpreadEx have a great sports blog with previews, features and articles on spread betting.

Multiples

SpreadEx allows you to place a variety of multiples and accas. 

Excellent range of bets and features at SpreadEx
Chris Sampson:
When you combine the fixed odds and spread betting SpreadEx have a great range of markets and depth. They have a great in-play section, complemented by a very good live streaming service. As would be expected from a platform which offers fixed odds and spread betting there are many types of bets are available, both pre-match and in-play. 

Welcome offers and Promos at SpreadEx. Grab a bonus at SpreadEx

SpreadEx have a welcome offer, which can net you £50 worth of free bets and bonuses when you bet £25 on a fixed odds wager. There are promotions for existing customers, mainly involving multiples. For those who enjoy multiple bets, there is a revamped acca insurance, called acca edge.

New Player Bonus at SpreadEx

SpreadEx have a sign-up offer for new customers which can get you £50 in bets and bonuses. To take advantage of this, place a qualifying £25 fixed odds bet at odds of 1/2 or greater. The qualifying bet cannot be placed in-play or cashed out early. A first free £5 fixed odds bet will be credited upon settlement of the qualifying bet. A further four £5 free fixed odds bets will be added to your account on consecutive days. 

After your first free fixed odds bet you will also get a free £5 Total Goals spread bet and a free £5 Winning Favourites spread bet. Then after your second free fixed odds bet you will also get a second free £5 Total Goals spread bet and a free £5 Winning Favourites spread bet. You must have a full spread betting account to be able to claim the free Total Goals and free Winning Favourites spread bets. Note that, future spread bet placed, losses can exceed deposit. 

After your first free fixed odds bet you will also receive 25 spins to be used on Starburst. After your second free fixed odds bet you will receive a further 25 spins to be used on Starburst. Each free spin is worth 10p and there are no wagering requirements. The maximum win on the free spins is £100 per 25 spin bundle. 

Place a smaller qualifying fixed odds single bet at minimum odds of 1/2 and get different amounts of free fixed odds bets. For example: Qualifying bet £5 to £9 = 1 x £5 free fixed odds bet or qualifying bet £10 to £14 = 2 x £5 free fixed odds bets.

Free bets and spins must be claimed within 28 days of opening. Free bet/spin stake not included in any winnings. The offer is for 18 years plus, terms and conditions apply. 

There is also a welcome offer for spread bettors, where you can claim two free £5 spread bets plus £300 cashback. Once you have created your full sports spread betting account you need to place a £10 bet at odds of 1/2 or more  to get 2 x free £5 Total Goals spread bets. 

Then if you stake £300 or above on qualifying sports spread betting markets in your first 28 days you will be given either £300 cash on your account or an iPad (10.2 inch WIFI 32GB). If you stake a lower amount you will get cashback matching that level. Therefore if you have staked £50 on the qualifying sports spread bet markets after 28 days you will be given £50 cash on your account.

If you reach £300 and would prefer to receive an iPad, please either email [email protected] or call SpreadEx on 08000 526 575 or 01727 895 090 and they will remove the cash from your account and instead arrange for the iPad to be delivered.

Remember, any cash back added to your is not a free bet and therefore it is possible to incur losses that exceed your stake. As always check the terms and conditions. Details of qualifying spread bets are on the website.

SpreadEx Deposit Bonus

There is no deposit bonus available at SpreadEx.

SpreadEx Free Bet Bonus

SpreadEx often run promos where you can be rewarded with free bets. This includes the welcome offer for both fixed odds and spread betting.

The first goal scorer insurance promotion can get you a free bet. Bet on any football match with SpreadEx and if your first scorer fixed odds bet doesn’t score first but does score last, get your money back as a free bet. This applies to first fixed odds single bet on each match only and doesn’t include any Price Boost selections.

There are regular chances for spread bettors to claim free spread bets. Though it has to be noted that with Spread betting it is a free chance to bet, rather than a completely free punt. Details can be found under Spread-Free Bets in the offers section.

If you were placing three football spread bets on a Saturday morning on any of the qualifying football markets (listed on the page) with stakes of £20, £10 and £20 respectively, you could then place a fourth bet up to a stake size of £10 at the mid-point of the spread.

So, if your fourth bet was a Supremacy spread bet and we were quoting Team A/Team B at 0.2-0.4 you could buy or sell for £10 at the mid-point of 0.3. Each sport’s qualifying markets that this offer applies to are listed. Remember that a spread-free bet is not a free bet. It simply lets you bet inside the spread, at the market mid-point.

For horse racing fans there is the “2nd to Rag” Insurance promotion. If you back a horse that finishes second to a winner with an SP of 33/1 or greater, get your money back as a free bet up to £25 max.

Please note – this applies to first fixed odds single winner bet on each race only. Subsequent bets on the same race will not qualify.

SpreadEx Risk-Free Bet Bonus

SpreadEx run a promotion where you can earn a risk-free £100 Total Goals spread bet when you recommend a friend. You can also earn up to £50 in your account if you prefer fixed odds betting. Check the terms and conditions.

SpreadEx Reload Bonus

As mentioned earlier, SpreadEx have a number of offers available for existing customers.

First Past the Post Promo at SpreadEx

If a horse finishes 1st but is then demoted for causing interference, SpreadEx will pay out for both the new promoted winner as well as the original winner. Terms and conditions apply.

SpreadEx VIP Programme

At the time of writing SpreadEx do not offer a VIP programme.

An enticing welcome offer and regular promotions at SpreadEx
Chris Sampson:
SpreadEx have a generous welcome offer for new customers, which is very much in line with its competitors. They are particularly good for promotions offering free bets. These promos are often connected to their bet builder or multiples.

SpreadEx User Experience

Firstly, I looked at how to register an account, along with the welcome bonus, terms and conditions. Then I completed the registration and verification process. I checked out a number of different sports before looking at specific bets, focusing on football, rugby league and horse racing.

I placed a couple of bets to check everything ran smoothly and then looked at the customer service section, the terms and conditions and at the information and support on safer gambling. This research was undertaken using both the desktop version of the website and the app, with fixed odds and spread betting.

Using SpreadEx on their website

The SpreadEx desktop website is user friendly and allows access to all the different areas and features of the site. It is easy to switch between fixed odds betting and spread betting.

The help section is easily found, and the number of topics covered in this is extensive. The in-play section is easy to use, and once again, the markets are comprehensive.

Using SpreadEx on their app

SpreadEx provide an excellent service on mobile devices. The app is quick, responsive and offers easy access to promotions, different sports markets, and all that the site has to offer.

User friendly experience on the website and the app at SpreadEx
Chris Sampson: SpreadEx provide a user-friendly experience on their website and on mobile devices, via the app. 

How to register a new account with SpreadEx

You can register a new account with SpreadEx in a matter of minutes. You simply hit the join button, provide your personal information, select a username, password and security question, enter the bonus code and click join. We have outlined the steps for you.

A step by step guide to registering a new account with SpreadEx

  1. Click on the “Join” button in the top right corner of the screen to start the registration process.
  2. Your name, email address, residence country, nationality, username, and password must all be entered in this field. For utmost protection, we advise using numbers and symbols.
  3.  To confirm that you are over 18, check the box, then click “Continue.”
  4. Next, add your date of birth, phone number, and address .
  5. A security question and answer must also be chosen in case you lose access to your account.
  6. Using the information you have supplied, the bookmaker will automatically verify your account. 
  7. After you log in, you can choose between making your first deposit right away and activating your spread betting account.

Documents and Information you need to share with SpreadEx

As mentioned earlier you need to share personal details such as name, a valid email address, a phone number, country of residence and your current address. The following documents may be required.

ID Verification

You will need to upload a photo of one of the following:

Passport

Driver’s Licence

Address Verification

Copy of a bank statement (less than six months old).

Utility bill (less than six months old).

A straightforward and secure sign in process at SpreadEx
Chris Sampson:
A quick, simple and safe sign in and verification process. The steps are easy to follow, documents are easy to upload and you can easily access your welcome bonus.

SpreadEx Payment Methods

At SpreadEx SpreadEx have a number of options available for deposit and withdrawal. Debit cards have a minimum deposit of £5, with most other methods being £10. Deposit time is generally instant, with the exception of bank transfers.  After the merger between SpreadEx and Paddy Power, customers can also deposit in Paddy Power betting shops.

Payment MethodMin DepositMax WithdrawalAverage Deposit TimeAverage Withdrawal Time
VISA£10£25000Instant2-5 days
Mastercard£10£2500Instant2-5 days
Maestro£10£2500Instant2-5 days
Bank Transfer£10£250002 working days2-5 days
SpreadEx deposits and withdrawals are safe, fair and easy to use
Chris Sampson:
SpreadEx have an effective, fair and user-friendly system in place for deposits and withdrawals. However, other bookmakers have more methods.

Cryptocurrency available at SpreadEx

At the time of writing, no crypto payments are available at SpreadEx.

Time to collect your winnings. Here’s how to withdraw your money from SpreadEx

To withdraw from SpreadEx simply follow these steps:

  1. Log in to your SpreadEx account.
  2. Click on the Account Menu.
  3. Click on the Bank tab.
  4. Select the Withdrawal tab.
  5. Select the amount you wish to withdraw.

Other important information when withdrawing at SpreadEx

SpreadEx have a ‘Closed Loop Policy’ when it comes to withdrawing funds. This means that if you have deposited into your SpreadEx account using one payment method, you will have to use the same payment method to withdraw.

Sound and secure withdrawals at SpreadEx
Chris Sampson:
Safe, fair and reasonably speedy system for withdrawals.

SpreadEx’s Customer Support

SpreadEx boast an extensive help section, with many FAQs. There is also a live chat, email and a phoneline. 

Contact:Average Answer Time
email[email protected]Within 24 hours
phone01727 895 000Immediate answer, then waiting time of up to 10 minutes
Live ChatAvailable on the App/Website Immediate response 
Twitter@SpreadEx
Facebook@SpreadEx
Customer service available between 8am and 5.30pm
Extensive help and FAQs at SpreadEx
Chris Sampson:
SpreadEx´s help section is very useful and is fully stocked with a range of FAQ, with links to information on many different areas and topics. The live chat gives an immediate response and is helpful. While the company has a social media presence, no customer contact can be made through Twitter or Facebook. While the FAQ and the Live Chat are the best ways to solve problems the email and telephone service are also helpful. An improvement could be a move towards 24/7 customer service.

Responsible Gambling

SpreadEx take responsible gambling seriously. There are clear links to safer gambling on the website and app. There are a number of tools available, including Deposit Limits, Timeouts and Self-Exclusion. There are also filtering systems available to block certain websites.

Staff at SpreadEx are trained so they are fully aware of issues surrounding problem gambling. There is information available on the website about staying in control, underage gambling and what constitutes problem gambling and links to outside agencies.

The responsible gambling section can be found on the SpreadEx website, at the top of the page.

SpreadEx promotes responsible gambling
Chris Sampson:
SpreadEx has a great attitude towards responsible gambling, providing a number of tools to help those with a problem, in addition to links for external support.

Awards and Recognitions

SpreadEx is a well-regarded betting website, in terms of fixed odds betting and spread betting. The company has won a number of awards for providing the best spread betting service on the market.

They have been named Best Spread Betting Firm by a number of 2020, 2018 and 2016 at the City of London Wealth Management Awards, 2019 at the Good Money Guide Awards, 2017 at the EGR Operator Awards and 2011 and 2009 at the Money AM Awards.

SpreadEx Awards:

City of London Wealth Management Awards: Best Spread Betting Firm 2020

Good Money Guide Awards: Best Spread Betting Firm 2019

City of London Wealth Management Awards: Best Spread Betting Firm 2018

EGR Operator Awards: Best Spread Betting Firm 2017

Money AM Awards: Best Spread Betting Firm 2011

Money AM Awards: Best Spread Betting Firm 2009

SpreadEx: Top spread betting site and a fantastic all-round sports betting service

Chris Sampson: SpreadEx are an excellent bookmaker for both fixed odds and spread betting. They consistently offer fair and attractive odds and have a range of betting options available. Covering both ways of betting within one site gives the plenty of options for those punters who want to try both. For those who are just beginning their spread betting journey there is a glossary of terms available. It is very easy to switch between the two areas of the site, where the design ensures that there is no confusion.

They are market leaders in spread-betting and are definitely a site punters should look to if they want to try that type of betting. While there are other fixed-odds bookmakers who that can offer a greater range of sports and more live-streaming than SpreadEx, the company still provides a very good service.

Other betting site to play at if you like SpreadEx

Check out the best betting sites in the UK with Betting.com.

Frequently Asked Questions

Founded 1999, Spreadex has been online ever since. Spreadex is by far one of the most reliable bookmakers out there, and definitely a popular choice amongst UK punters.

Some new customers at Spreadex might be a bit confused when they first enter the site. There’s two options to choose from, traditional sports betting and betting based on the financial markets. Choice is yours!

Yes. Spreadex is also very responsive, so downloading a mobile app isn’t always required. However, for best compatibility, we highly recommend you either download the iOS- or Android app.

Spreadex offers Free Bets to their new customers. You can earn free bets up to £25! For more information on how to claim these, please check the beginning of this review.

You can live stream a number of sports on SpreadEx, including football, tennis, basketball, cricket, horse racing. and greyhounds

The live chat support team replies instantly, while email support takes a few hours to respond.

New customers can take advantage of the welcome promotion, where they may earn free bets. There are also a number of other promotions offering free bets. Check the offers section. Always read the terms and conditions.

No, you cannot cash out a free bet at SpreadEx. The free bets can be placed during play, but they cannot be cashed out until the event has finished.

Christopher

Chris is a former athlete and a qualified PE teacher. He is a keen football fan, watching many matches at different levels throughout the season, and enjoys following many different sports. With betting and sports sites, he has a keen eye for detail and can to highlight positives and negatives for users. His experience in sport as a performer, teacher, writer and fan allows him to see things from many different perspectives.

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