Spreadex Free Bet and Betting Site Review

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Spreadex introduction

Spreadex is the only firm that offers fixed odds betting and sports spread betting from one account.

Spread betting, if you haven't tried it yet, is a high risk and high reward way to bet on sports events around the world. Spread betting makes fixed odds betting look very one-dimensional, as with spread betting it isn't about being right or wrong, it is about how right or wrong you are. 

Remember, with spread betting you can lose more than in your account so we would recommend starting with smaller stakes than you are used to. You can calculate your maximum risk and return before each bet relatively easily on markets such as Total Goals.

The company has built up a strong reputation, recently receiving the prestigious eGR Award for Best Spread Betting Company in 2017. 

The firm also has a fully-fledged financial trading arm, allowing you to place spread bets and CFDs on global financial markets. For casino players, there is an online casino featuring some of the most popular games in the UK including Starburst and Twin Spin. 

About Spreadex

Spreadex is an experienced fixed odds and spread betting bookmaker that has been trading since 1999 from their UK headquarters.

Spreadex is licensed by the UK Gambling Commission, Financial Conduct Authority (with an unblemished record) and Alderney Gambling Control Commission.

Spreadex Free Bet Welcome Bonus and Promotions

Spreadex rewards loyal customers. There are regular free bets, birthday offers, half-birthday offers, anniversary offers and much more on offer.

If you are a new account you can qualify for a new iPad or £300 in cashback after staking sufficient amounts on spread betting markets. Just places bets with Spreadex and after your first 28 days of opening your account Spreadex will match your total stakes up to £300 in a great cashback bonus. Otherwise, keep your eyes open around big sporting events for other promotions.

Interface and Appearance

Spreadex launched a new sports betting platform in June 2018.

The website is easy to toggle between fixed odds and spread bets, although due to the number of bets available it might feel a bit overwhelming at first.

There is an exceptionally useful in-play centre, showing you the full list of in-play events and the events that are up next. You can easily filter this section by each event type.

As spread betting is a much more niche product than fixed odds betting, there is an (i) symbol next to each spread betting market. This gives you a worked example and/or a description of each market you are betting on.

You can view match centres on many games, showing you what is happening in real time. This is really useful to keep track of your bets if you are out and about while the event is on.

There are easy-to-use apps available for iPhone, iPad and Android. You can also visit a mobile optimised site if you don't have the apps. 

Betting markets and odds

Spreadex covers a huge selection of events from around the world.

American football, badminton, baseball, basketball, biathlon, boxing/UFC, cricket, cycling, darts, football, futsal, golf, handball, horse racing, ice hockey, motor sports, rugby league, rugby union, snooker, specials, table tennis, tennis, TV and volleyball are all covered.

Fixed odds bets can be placed in both fractional and decimal format.

Live Streaming

Spreadex provides their clients live streaming on US horse racing only currently.

Most in-play events have a match centre, showing what is going on in the game and useful statistics.

Mobile Betting

There are easy-to-use apps available for iPhone, iPad and Android. You can also visit a mobile optimised site if you don't have the apps. 

Cash Out

Spread betting firms offered the ability to cash out well before its fixed odds rivals. 

The firm offers a full array of cash out features for fixed odds including partial cash out and auto cash out.

Payments and withdrawals

Most of the major payment methods are accepted at Spreadex but there are a few omissions. Clients are able to use bank transfers, Maestro, MasterCard, Skrill and VISA to deposit and withdraw funds.

License, security and customer service

Spreadex is one of the most secure firms to bet with as it is regulated by the UK Gambling Commission and Financial Conduct Authority. That means money held in your spread betting wallet is in segregated bank accounts and you are covered by the Financial Services Compensation Scheme.

The firm has won many awards in the financial trading sector for customer service (four times winner of the Investment Trends Awards for Best Customer Service) and it shows on its sportsbook. You can get in touch around the clock by phone and email.

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