Spreadex Review
Welcome to Spreadex, a site that primarily focuses on sports and financial spread betting, but also offers other forms of iGaming entertainment such as fixed odds betting and casino games. If this is the first time you’ve come across a spread betting platform, let’s put it this way — Spreadex is a form of a spread betting broker. It offers a new way of betting on sports and finances for all the betting aficionados who are up for bringing their betting skills to the next level.
This heavily regulated website holds several licences and promises a fair online gaming experience. On top of that, your online betting journey won’t go unnoticed — Spreadex is carefully monitoring what happens in its premises and has plenty of enticing bonuses and promotions for its visitors.
Be that as it may, our team has decided to analyze this spread betting platform a bit further and find out whether it’s really worth your time and money. To get our objective verdict, read on!
Spreadex Welcome Offer & Promotions
Although Spreadex probably differs from every standard online sportsbook you have played in, it has kept one essential aspect — bonuses and promotions. With its generous welcome bonus offer and other creative promotions for regular players, Spreadex will keep your account boosted throughout your betting journey.
Yet, bear in mind that Spreadex regularly updates its bonuses and promotions, meaning you should always cross-check the available options directly on the website. Below, you can find out what kind of bonus offers Spreadex offers its players at the time of writing this review. Let’s take a look!
Welcome Bonus
The welcome offer in Spreadex is not something you see every day. The site offers a welcome bonus for newcomers worth up to ₹28,490! Once you sign up, you will be required to place 5 spread bets on the matches belonging to qualifying spread betting markets to activate the offer. The bets must be worth at least ₹190 with the expected returns of ₹1,900.
When you meet the mentioned criteria, Spreadex will automatically top up your account with around ₹9,490 bonus money — and that’s not all. After you get the first part of the bonus, you become eligible for another ₹9,490. Again, you will be required to place some more bets — 10 of them, to be precise. The rules are the same as the ones you had to follow in the first round of bets.
All bets must be placed within 28 days from registration, and for the full list of betting markets that qualify for the activation of the welcome bonus, visit the sports page of the Spreadex website!
Win an iPad
If you are a newly recruited player, consider yourself lucky, as Spreadex came up with one of the most creative bonus offers on the market. All newbies who decide to go a step further from the welcome bonus offer and stake a minimum of ₹28,490 on qualifying bets will become eligible for one of the two bonus offers — it can be either a ₹28,490 cashback bonus or an iPad.
Bear in mind that the bonus funds will automatically appear on your account, but if you want to get an iPad instead, simply contact the customer support team and inform them about it. The friendly agents will gladly remove the bonus funds from your account and send an iPad to you.
Free Bets
Free bets offered by Spreadex refer to spread betting rather than the regular sportsbooks free bets. Nevertheless, this is still a chance for you to get better at spread betting without any extra investment.
Place 3 sports spread bets on the same sports qualifying markets within 10 minutes and you will qualify for this promotion. After you do so, a fourth spread bet placed on the same market will be spread-free, that is, at the spread mid-point. Most importantly, Spreadex will allow its players to take advantage of this deal as many times as they want without any restrictions!
Matched Bet
Spreadex loyal patrons have the opportunity to grab a matched bet should they stake lower than the welcome bonus requirements. For example, you can get ₹2,370 in matched bets if you place a ₹2,370 bet. In other words, you’ll get a chance to double your funds and use it the way you see fit — spend this extra money on a new betting strategy or try betting on a market you haven’t bet on before!
Reload Bonuses
Reload bonuses are quite common for many standard online bookies. Since they imply that a player activates a bonus not only with the first but also the second deposit, you will perhaps notice that the Spreadex welcome offer can also be considered a reload bonus. Therefore, if you haven’t used it so far, now is the right time to activate that account!
Loyalty Program & VIP management
We’ve looked into every corner of the Spreadex website but haven’t managed to find any information on loyalty schemes or VIP programs. However, as the number of active members increases day by day, there’s no doubt Spreadex will come up with a creative way to reward its faithful punters. Until that happens, make sure to claim all other promotions currently available on the site.
Refer and Earn
Spreadex has prepared many ways to make your time on the platform count, and one of them includes spreading out a positive word about the site. Named Refer and Earn, this promotion only requires you to recommend Spreadex to someone you know and enjoy the benefits of it.
The process goes as follows:
- Tell a friend or anyone you know about Spreadex.
- Ask them to include your name and postcode in the Welcome Call when creating an account on the site.
- Instruct them to place at least five qualifying spread bets on one of the selected sports markets (each of the bets must have a minimum value of ₹190, and ₹1,900 expected return).
- Once the criteria are met, Spreadex will award you ₹9,490 in free bets to use on the Total Goals spread bet market.
- To get your prize, you will have to click on the Claim a Free Bet tab on your betting slip that will be visible the moment your friend has completed the procedure.
Finally, this promotion is absolutely risk-free — the losses from your football spread bets will be refunded, while you will be able to keep the winnings. Cool, right?
The Product, Sports, and Markets
Spreadex offers a wide range of sports and other activities suitable for spread betting, and the most popular choices include football, cricket, horse racing, tennis, and rugby. For all these sports, there are special betting competitions popular among players from India. Naturally, the Champions League and Premier League in football occupy the leading position, together with all the possible cricket competitions you can think of.
When it comes to betting markets, Spreadex has such a selection that will keep you occupied for quite some time. Compared to standard online sportsbooks, Spreadex offers advanced betting markets that are more likely to bring you profit if used wisely. Bet on the total number of points, Batsmen runs, Points supremacy, Highest match checkout, Player match points, and many other options Spreadex has come up with!
Spreadex Sports Betting Features
Even though Spreadex is not a classic sports betting site, it offers almost all the prominent features you’re used to seeing from your favourite online bookies. First, there’s a live betting option available for all the markets, from the most popular to the most unusual ones.
Then, there’s one of the most distinguished features called in-play betting that enables players to place bets while the event is going on. This feature can come in handy, as you can wager on the situation happening at the moment in front of your eyes.
However, one of the options players value the most is definitely live streaming, and Spreadex made it available for almost all prominent competitions. Indeed, there’s nothing better than having a single platform for both watching the game and betting on it. Yet, in order to be able to use the live streaming feature, you will have to create an account and bet on the game you would like to watch. The bet can be minimum, but it has to be made.
Aside from these essential features, Spreadex also provides a TV schedule for all the sports events you can bet on, as well as a bet builder feature. Additionally, players can choose from three different cashout options — auto, partial, and one-click.
Finally, the sports betting section of Spreadex has a dedicated blog page where you can read the most recent news regarding the world of sports. You will get access to the accurate pre-match betting stats that can help you create a betting slip with more potential for a win. Ultimately, there is the inevitable feature that includes betting on the go, but this one will be discussed in more detail below.
Spreadex Casino
Just when you thought Spreadex can’t get any better, the site throws out another tab to prove you wrong. Namely, this sports and financial spread betting platform also offers a casino section for every player who wants to combine the two forms of gambling. In case you get bored with betting on sports at any given moment, you can easily shift to the Spreadex casino and try your luck there! To find out what you can expect to see in Spreadex, stay tuned!
Games
The Spreadex casino features all the games you can find in every other online casino — video slots, blackjack, and roulette. Now, don’t expect to see the same number of casino games you can find in venues specifically designed for casino gambling — this is, after all, a betting site. However, you will get a chance to enjoy some of the world’s most popular online slots like Gonzo’s Quest, Starburst, Reel Rush 2, Dead or Alive 2, Vikings, Imperial Riches, and more.
Together with slots, Spreadex also features some of the prominent table games. For example, you can take part in European and French roulette where the betting limits go from ₹95 to ₹474,720 or give a chance to live dealer roulette.
Also, there are different options for playing blackjack — there are both RNG and live dealer tables, and the variations of the game include Blackjack Silver, Blackjack Gold, Blackjack White Gold, Blackjack Black Gold, and Blitz Blackjack.
Mobile & App
Mobile betting has become a huge trend around the world, and India is no exception. In this regard, Spreadex certainly won’t disappoint you. The operator has launched two separate apps designated for Android and iOS users. By downloading the app, you will never miss a chance to place a bet, as you will be able to do it on the go. Furthermore, the Spreadex app won’t be a heavy burden for your phone memory, as it takes only up to 25 MB of space. The available features resemble the ones from the desktop version, so you can have a complete betting experience.
If, for any reason, you don’t feel like downloading the Spreadex mobile app, you will be happy to know that the platform can also be accessed via your mobile browser, as it has been fully optimized for mobile use on any device.
Licensing and Regulation
If you are worried about the legality and safety of this betting website, we ensure you there’s no need for it — Spreadex is heavily regulated not only by one but by three reliable jurisdictions.
In terms of financial and sports spread betting, Spreadex Ltd is registered, authorised, and regulated by the Financial Conduct Authority (FCA) under the registration number 190941. When it comes to fixed odds and casino wagering, Spreadex Ltd is licensed and regulated by the Gambling Commission of Great Britain and is holding a licence number 8835.
Speaking of casino betting outside the borders of Great Britain, the Alderney Gambling Control Commission oversees the operation of Spreadex Ltd. The site works under Net Entertainment Alderney Ltd, the AGCC Class II License Holder, and is registered under the license #084.
The safety and security question is sorted out by state-of-the-art SSL encryption that guarantees all your sensitive data shared with Spreadex will be well-protected.
Customer Support
In case you have any doubts or questions, the site has a few FAQ sections for technical questions, sports, and mobile casino. If none of these pages offers answers to your queries, there are several ways to contact Spreadex’s responsive and friendly customer support.
You can do so in the following ways:
- Live Chat,
- Email: info@spreadex.com for general questions, sports@spreadex.com for sports betting, and fins@spreadex.com for financial betting.
- Phone: +44 1727 895 000 for players across the world and 01727 895 000 for all of you who happen to be located in the UK. If you are only interested in sports betting questions, you can call
- 08000 526 575, while the number for those interested in financial betting is 08000 526 570.
Sports punters can contact customer service any time around the clock for sports betting, while the working hours of the service for financial trading differ slightly — 24 hours from Monday to Thursday, from 00:00 to 21:15 on Friday, and between 21:00 and 00:00 on Sunday. On Saturday, financial customer support agents of Spreadex have a day off, so if you have any questions, write them down and contact them first thing on Sunday.
Payments
Spreadex offers several payment options that can be used for both deposits and withdrawals. These methods are:
- Debit Cards: Visa, Switch/Maestro,
- Credit Cards: Visa, MasterCard,
- Bank transfer,
- Cheque,
- Direct debit.
For a deposit made by a card that doesn’t go over ₹4,750, the site reserves the right to impose a ₹95 service charge. However, the site allows players to call their customer service and make a deposit over the phone.
When it comes to withdrawals, the minimum amount you can withdraw is ₹4,750, granted that it doesn’t support the margin on any positions at the time. If you are planning to withdraw less than that, you will be able to get the full amount.
The maximum withdrawal amount you can get in a single transaction for all payment methods is around ₹2,300,000, except for Mastercard that has a limit set to approximately ₹237,000. Yet, if you get lucky enough to win more than that, the site will allow you to make multiple withdrawals on the same day.
If you choose to withdraw money onto your card, the transaction will take from two to five working days, while with the bank transfer, the money should be credited to your bank account in two days tops. Also, bear in mind that the amounts in Indian rupees are approximate, as the site displays all the mentioned amounts in the pound sterling only.
At the moment, Spreadex doesn’t accept any third party payments or deposits via e-wallets such as Paypal, Neteller, Moneybookers, Ukash, or similar financial transfer companies.
Note: All the international bank transfers or transfers in currencies other than sterling might carry additional charges.
Reliability
In order to write an objective review, we have done some digging and looked into the most common complaints related to Spreadex. The complaints that repeat over and over again mention the lack of some popular payment methods such as e-wallets and cryptocurrencies. This can be seen as a serious disadvantage of Spreadex, as the majority of players today prefer using these banking options for their speed and anonymity.
Business information
Spreadex is a site founded by Jonathan Hufford that started its operation back in 1999. The general idea of the whole story was to show players how easy spread betting actually is. Although this new term was approached with care in the beginning, the years on the market proved that spread betting has a lot of potential among sports punters worldwide.
Betopin’s Verdict
If you are up for trying something different in the world of online betting, give Spreadex a chance, and we promise you won’t regret it. The site has all you need for creating a lucrative betting slip, just like the one you would come up with in your regular online sportsbook. Moreover, the site also features other forms of entertainment, so you really won’t have to look elsewhere no matter what your online gaming preferences are.
The only thing to bear in mind is that popular e-wallets still can’t be used to deposit and withdraw money in Spreadex, but if this is not an issue for you, the only thing left to say is — good luck!
