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Esports Betting / Spreadex Review

Spreadex Reviews & Ratings for July 2024 - Is it legit and safe to play?

Take the bet: Read our Spreadex verdict for sports

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Details
User Reviews 10

SpreadEx is a bookmaker that has made a name among top bookies in the UK, offering a financial betting exchange with fixed-odds sports spread betting, increasing payouts based on an extensive range of betting options.

With a genius method of putting profit and loss firmly in your hands, SpreadEx might be around for a long time. New customers may find some things about this bookmaker confusing, but we at Strafe.com have put together a concise review, including the sign-up bonuses, different markets, and how you can enjoy their products.

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Payment Methods
Visa
Mastercard
Bank Transfer
+
License
UKGC - UK Gambling Commission
Withdrawal
2 – 5 Days
Company
Spreadex Ltd
Founded
1999
Website
spreadex.com
Available Languages
EN
Customer Support
Live Chat, Phone, Email Support
Email
sports@spreadex.com
Phone
+44 (0) 1727 895090
Verified by
GamCare
Overall Rating
Rating follows
  • Bonus Offers & Free Bets
    3.1/5
  • Usability, Look & Feel
    3.3/5
  • Mobile App
    3.4/5
  • Payment Methods
    3.4/5
  • Customer Service
    3.4/5
  • Licence & Security
    3.1/5
  • Rewards & Loyalty Program
    3.4/5
Trevor Breaden
25/05/2023
it's pretty good
"the sign up process did confuse me and I had to get help with it, but once that's over everything else is really simple to ..."
Zita
22/05/2023
fantastic
"all my favorite sports to bet on in one place, plus excellent odds and really great offers! What more could anyone ask for!"
User Rating
4.2/5
10 User Reviews
5 Stars
40.0%
4 Stars
50.0%
3 Stars
0.0%
2 Stars
10.0%
1 Star
0.0%
Last Updated on 28/06/2024
Fact checked by: Mike McKean

SpreadEx Bonus Offers - Enjoy a Taste of Classic Betting

Positive
Negative
  • Top customer support available.
  • Registrations from many countries are accepted.
  • Cutting-edge software for mobile and spread betting is available.
  • Good in-play betting.
  • The signup process is a bit long and challenging.

In more ways than one, SpreadEx is not a bookmaker that has just one offer. Quality offers are only for qualified customers, and that’s what you become if you sign up on their platform.

Bonus Funds

When you sign up by placing 5 spread bets that you must place at a minimum of $2 with expected returns of $20. No special codes, no joking around. This didn’t convince us at first, but it is real.

The next round requires you to place 10 spread bets, each at $2 and an expected payout of $20. Get credited with the $100 instantly.

There are selected markets you can use these bonus funds on. With the bonus, horse racing, rugby league, cricket, tennis, and golf, horse racing, rugby league, cricket, tennis, and golf are the only markets you can flex your lucky charm on.

We understand it’s free money, but a professional will understand to place bets on small, realistic odds that are reasonable to win.

Besides, building from the ground up is essential to help you get higher amounts in your account.

UK Bonus

UK players have access to a fabulous Spreadex welcome offer that affects both their sports betting and casino play. New players who make a first qualifying bet of £10 on fixed odds events of 1/2 or greater will receive up to £30 in bonuses. This will be split into two £10 free bet tokens to the value of £20 for fixed odds betting and two £5 free bets for total goal spreads to the value of £10. There are no wagering requirements on any of the above-mentioned options.

Matching Bets

To add to the welcome package, SpreadEx offers matching bets. Make a bet with a minimum of $25, and you’ll automatically get $25 to place in the same markets.

This is a genius way to increase your cashout. It is open to players of all experience levels and allows you to place the same bet you have some certainty of winning.

Free Bets

Besides the bonus amount, you still get free bets to play in some markets just for signing up. Think of it as an extra thanks for joining the platform when you’ve placed several bets.

To enjoy this offer, you must place 3 spread bets in sports in the allowed market, all within 10 minutes.

Place 3 bets in the timeframe, your next bet in the same market will be free. This process is continuous for as long as you like. A great way to enjoy SpreadEx eSports if you ask us.

Check out other eSports gambling sites for reviews similar to SpreadEx.

Refer and Cashout

We understand referring may not be your forte, but the reward offered by SpreadEx should shake your thoughts.

If your friend registers, includes your name and referral code, and places at least 5 spread bets on selected markets, you’ll receive free bets up to $100 to use only at the Total Bets market.

Just tap the “Click to Claim” after filling up your bet list. Best of it all, you lose, and the spread bets are returned to your account. The winnings are yours to keep.

Check out our STS Review for more juicy offers.

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Usability, Look & Feel of The SpreadEx Betting Platform

We found that the homepage of SpreadEx looks stylish and sports-like. The log-in section is at the top right side of the page, and you can sign up from there.

Different markets are separated at different columns of the page. We assume the middle column is reserved for popular sport. The structure of the site is no different than what is shown on other sites.

At the top spot, you can select your desired sports from the many dropdown options arranged at the top. This option made it easy for us to navigate through the many markets offered by SpreadEx.

Further homepage review allowed us to view our game selections in the bet slip on the left side. At the bottom, more information on terms and conditions for the bonus is listed there.

When we used the mobile version, both the Android and iOS were optimized, allowing us to make suitable selections for our bet list. The app is easy to navigate, as long as you update it regularly.

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Payments - Instant and Secure Deposit & Withdrawal Forms

SpreadEx has reliable methods for deposits and withdrawals. Our SpreadEx review found that their payment method has a lot of alternatives, including secured banking methods. E-Wallets, coupons, and bank card methods are available. They also have charges for each method you choose.

Deposit Methods and Charges:

  • Bank Cards: Visa, MasterCard. A minimum of $10, no maximum amount. There is no charge attached.
  • Coupon: Maestro. Minimum of $10, no maximum amount. Free of charge.
  • Bank transfer: Minimum of $10, no maximum too. 0 charges.

Withdrawal Methods and Charges:

  • Bank Cards: Visa, MasterCard. The minimum withdrawal is $50. Maximum is $25,000, except MasterCard, which is pegged at $2,500.
  • Coupons: CHAPS has a minimum of $25 plus any charges the bank adds for international transfers and currency conversion.

All withdrawals take 2-5 business days for processing for bank cards. Bank transfers take 2 business days for processing. CHAP transfers are same-day processing, with no charges.

Bank processes come with charges from the bank, including currencies other than GBP. We rate SpreadEx legit for payment compared to other bookies, as we did not encounter any issues.

Find out if TonyBet is legit before placing a bet with them.

Customer Support - Dedicated Round the Clock Service

To navigate through the website, you should go through the FAQ. It has a link at the end of the page. It contains relevant information needed to get the best for your bet slip.

If the FAQ does not answer your inquiries, customer support is available to answer them. Email, social media, and telephone are active so that you can get quick answers.

Reach their email through info@SpreadEx.com or call them on 01727 895 000 (UK only) or +44 1727 895 000 (Non-UK residents). Customer support for sports betting is open 24/7, 24 hours each day.

License & Security At SpreadEx

Is SpreadEx legit? This was the first question we asked ourselves when we came across the website.

We found out that they hold licenses from three major regulatory bodies, including The Gambling Commission, The Financial Conduct Authority, and the Alderney Gambling Control Commission.

Three major players in the regulatory industry were enough to calm us and should calm you too. The security of their website is encrypted with the latest SSL technology.

You can rest assured your money, and financial information are safe and intact.

In case of disputes for residents in the UK, you can file a complaint with the UKGC. In addition to making sure your funds are secured, they settle disputes that otherwise can't be settled by the bookmaker themselves or if the customer is not satisfied with the level the bookie handles the matter.

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SpreadEx Reward & Loyalty Program

There are lots of benefits for loyal and steadfast customers of SpreadEx. Aside from their regular SpreadEx promo code, there are fantastic offers that will appeal to newbies.

SpreadEx eSports is a major market that you can enjoy with these offers.

Many bookies offer exclusive promotions that stop at promotion codes and term it rewards, and SpreadEx is no exception.

Our SpreadEx review found a VIP program available that is not an open program, as they reserve it for a select few. This is not peculiar to SpreadEx alone. Other bookmakers also do the same of not disclosing their VIP loyalty program.

What we found out is that:

  • Although the program is part of the reward to loyal customers, it is exclusive.
  • They do not throw an open initiation. They invite people themselves.
  • There are no applications or points to gather to be eligible.
  • The invites go out every month.
  • Members enjoy bonuses like VIP free bets, a personal account manager.

However, their other rewards are enough to keep you on a soundtrack, especially the free bets and matching bets.

Spreadex Sports Betting

Betting Markets

We found that you can place bets across different markets, multiple competitions, and league games. They also have the bet-builder feature where you can create your desired bets, meaning variety is available.

SpreadEx eSports also enjoys the privilege here. When placing your odds, you can choose either the fixed odds or spread betting.

We noticed that spread betting is more versatile with lots of options. Be cautioned. Only experienced punters may be able to navigate spread betting.

The SpreadEx sportsbook has markets including football, table tennis, motor racing and badminton.

Odds

Some punters mistake spread betting for fixed odds betting. It’s a good thing that SpreadEx offers both the fixed odds and spread betting markets.

Odds for spread betting are not the usual decimal odds you’re used to seeing. With spread betting, two prices are presented, the bid price and the asking price. The bid between the two is termed the spread.

Note that your entire account is in the pot, win, and your payout is enormous when staking using spread betting. Lose, and a huge chunk of your account can disappear.

The formula used to calculate wins or loss in spread betting is ([settled price] = [buy price]) x [stake]).

Live Betting & Streaming

You can do live betting in SpreadEx sportsbook. Delays are next to nothing when placing bets during gameplay, and this boosts their ratings a lot.

You can use live betting at the different sides of the page, plus the user interface makes it easy for you to navigate through the site.

Live streaming is available on the site. You can even get a schedule of matches to be streamed for the coming days, allowing you to make plans.

Most bookies do not offer this feature. We tested the streaming to ensure the technology did not buffer, and it did not have a strong internet connection.

If you’re not able to stream a game, you can use the live updates feature. As it is updated quickly, you can use this to keep up to date with the matches on your bet list.

Limits

The power to limit your bets is your hands, and if you want to control your gambling habit, there is a feature that pays you out and prevents more loss if you’re losing.

This feature is essential, especially in cases where you cannot monitor your games.

Product Summary & Conclusion

We discovered that while the sports betting section has good features to help you win huge, you should be wary of spread betting.

If you are not experienced, it is recommended you leave that part for a while.

If you are looking to get more variety of games, you should check other bookies out. Soccer may have lots of competitions and games to enjoy, but that’s about it.

If you prefer spread bets, we assure you cannot get a better offer than SpreadEx’s.

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Is SpreadEx Legit or a Scam? - Our Overall Conclusion

SpreadEx is a top bookie that caters to sports betting and takes care of financial betting and trading. They have a tight lid on the security of their website.

Many people regard SpreadEx in high esteem. Is SpreadEx legit? Yes! We recommend them to you.

They have a collection of more than 500 games on their website, all from the top software developers. You can enjoy the games offered in free mode to get acquainted with the gameplay and develop a winning strategy.

There's no doubt that SpreadEx is authentic, as we have experienced their swift payments first-hand.

Find out our thoughts on if there is a BetHard scam.

SpreadEx review FAQ

🎯How Do I Sign Up on SpreadEx?

Just click on the “create an account” button at the top right corner of the homepage. Fill out the details required, and then wait for the approval. It does not take up to 24 hours for your account to be activated.

✅Is SpreadEx a Legit Bookie?

Yes, they are. Three different regulatory bodies regulate them. All with different jurisdictions across Europe. There’s no need to be afraid that SpreadEx scams people.

🥇What Bonuses are Available for New Players at SpreadEx?

Players can enjoy a multitude of bonuses, including an iPad or $300 in their bonus account. There are no wagering requirements.

📱Does SpreadEx have a Mobile App?

Yes, they do. Two mobile apps are available for android and iOS OS. You can also access their optimized site through your mobile device’s browser if you do not download the app.

🚀What is the Required Age to Sign Up at SpreadEx?

You must be at least 18 years old to be able to sign up on the platform.

User Reviews for Spreadex

4.2/5 – 10 User Reviews
  1. long sign up
    C Carroll

    good site in terms of the number of sports to bet on

    the sign up process was really arduous and took a long time
  2. Well designed site
    J Bearp

    really good site. Nice layout, easy to use and beginner friendly. The app is also really well designed

    the sign up process was longer than necessary
  3. great odds
    Fern Russell

    once you get signed up...which is a challenge!...then everything is wonderful. The odds are good and there is really a huge amount of things to bet on

    too long of a sign up process
  4. brilliant spot
    Noah

    they have so many things to bet on - even sports I knew nothing about!!

    -
  5. it's pretty good
    Trevor Breaden

    the sign up process did confuse me and I had to get help with it, but once that's over everything else is really simple to use

    -

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21+ and present in VA. Gambling Problem? Call 1-800-GAMBLER.

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