Chapter 1
About Betfair
We start the article with some basic information about the Spreadex exchange.
• How Spreadex Works?
• Advantages and Disadvantages of Spreadex
Let’s get started!
Spreadex is a UK-based sportsbook that combines sports betting and financial trading, thus positioning the company as an all-rounder for both bettors and traders. Spreadex opened its offices in the United Kingdom back in 1999 and came under the regulation of the UK Gambling Commission, which forces the company to adhere to the highest possible standards regarding the fairness of its performance and safety. In this regard, there are numerous pieces of positive feedback on this online sportsbook in the UK market, especially with respect to its reliability and innovative approach toward betting and trading.
General Information
| Feature | Details |
| Founded | 1999 |
| Headquarters | St Albans, Hertfordshire, UK |
| Regulation | UK Gambling Commission |
| Services | Sports Betting, Financial Trading |
| Markets | UK, International |
| Customer Support | Email, Phone, Live Chat |
How Spreadex Works
Spreadex provides sports betting and financial trading in a dual-platform experience. In the former, you can spread bet or fixed-odds bet on several sports, while in the latter, you can trade in financial markets using CFDs. In spread betting, users bet on the outcome relative to the spread; in fixed-odds betting, it would be a bet on a certain outcome with predefined odds. In financial trading, users are doing the same action: speculating on price movements of assets like forex, commodities, and indices.
Advantages of Spreadex
Among other things, Spreadex offers a number of advantages to users, particularly those looking to bet or trade. It also has its cons. The major benefits are summarized below:
| Advantages | Description |
| Wide Range of Markets | It has an extensive sportsbook and financial markets available for users to bet and trade on. |
| Dual Platform | Enables sports and financial trading on one platform, a “one-stop shop.”. |
| User-Friendly Interface | A platform that is easy to navigate for both a beginner and an experienced user. |
| Competitive Bonuses | Users will be provided with an attractive welcome bonus with subsequent promotions on their way. |
| Regulation and Security | Fully regulated by the UK Gambling Commission; safety and fairness assured. |
Chapter 2
Bonuses and Promotions at Betfair
In this section you will find out what different bonuses and promotions Spreadex offers to its customers.
Let’s get started!
They offer a welcome bonus among other promotional tools geared towards bettering the experience of their users at Spreadex.
Refer and Earn
Spreadex rewards users who refer friends to the platform. For each successful referral, both the referrer and the referred friend receive a bonus.
- Refer a friend to Spreadex and email them about the company through the Refer A Friend area in My Account when logged in.
- Your friend must place 5 qualifying sports spread bets (£2 min stake, each able to win and lose £20).
- When they have placed the 5 qualifying spread bets, customers can place a £100 Total Goals spread bet by clicking on the ‘Claim as Free Bet’ option on the bet slip.
Spread-Free Bets
This offer allows users to spread bets without having to pay the spread in such a way that potential losses are minimized and potential profits maximized.
- Place 3 online sports spread bets on the same sport’s qualifying markets listed below within 10 minutes.
- Place a 4th spread bet on the same market spread-free, that is, at the spread mid-point, stake = size of your smallest qualifying spread bet.
- This offer may be claimed as many times as you want on any of the sport markets below if the qualifying criteria are met.
ACCA Boost
The Boost promotion increments accumulator odds, allowing users to win more from their accumulators. Place an accumulator with three or more selections from one of our qualifying football markets and get a cash boost to your winnings.
You can mix and match selections from our match odds market, total goals, both teams to score, and many more. With each extra leg adding to the bonus, T&Cs apply.
First Past the Post
Still ensuring that if your horse wins a race but later reduced in position, you are paid out as a winner. If the horse comes down finishing first but is then reclassified due to being a hindrance, they will pay this new promoted winner as well as the old one who won it before. It is only valid for fixed odds bets placed on UK and Irish races.
Lucky Double Odds
Spreadex will double the odds on every head or less horse win so your possible returns can grow. If your Lucky 15, Lucky 31 or Lucky 63 falls only for one winner, your selection will be paid at double the odds of your betting returns.
“2nd To a Rag” Insurance
This promotion refunds your stake if your horse finishes second to an outsider (“rag”), offering a safety net for risky bets.
- Place a fixed odds single winner bet on any race.
- If your horse finishes second to an SP 33/1 selection or greater, get your money back as a free bet up to max £25.
- Your free bet will be credited after the race has been settled and will expire in 28 days.
Chapter 3
Welcome Bonus
This is also a very good reason to join Spreadex, which offers generous welcome bonuses for new users.
Spreadex offers a really rewarding welcome offer to its new customers. In return for placing a £25, you could receive £50 in free bets plus two free £5 spread bets.
Step-by-Step Registration Guide
- Visit Spreadex Website: Go to the Spreadex website.
- Click on Sign Up: Click the “Sign Up” button.
- Fill in Personal Info: Include your name, birthdate, and contact details.
- Create Account Credentials: Set up your username and password.
- Verify Your Account: Verify by sending the required documents.
- Place £25 Bet: Finally, place your first bet of a minimum £25 with a verified account.
- Get Bonuses: Once you have placed your qualifying bet, rewards of £50 in free bets and two Free £5 spread bets will be all yours.
Chapter 4
Spreadex Mobile App
• Where can you find the Spreadex app?
• Which systems it supports?
• How to download the app to your system?
We have the answers!
Spreadex has developed a mobile application that provides access to betting and trading on-the-go. It is available on Android and iOS devices; all features on the desktop platform are squeezed into this mobile application. Now, with much ease, you can easily manage your account and place bets from anywhere and at any time..
Spreadex Android App
The Spreadex android app provides an experience that is smooth and very intuitive. This is how you get it:
Step-by-Step Guide to Download the Android App
- Visit Spreadex Website: Open the Spreadex website on your Android device.
- Mobile Section: This will bring you to the bottom of the page, where you will find the download link for the Android app.
- Download the APK: It will create a link that will download the APK file when clicked.
- Allow Installation of Apps from Unknown Sources: Enable install from unknown sources in settings.
- Install the App: An APK downloaded opens and installs the app following the installation instructions.
- Log In: Log in to the application with your Spreadex credentials.
Spreadex App for iOS
The Spreadex iOS app will download easily and provide a user-friendly interface on your iPhone or iPad. Here’s how to download it:
Step-by-Step Guide to Download the iOS App
- Open App Store: Open the App Store on your iOS Device.
- Search for Spreadex: Either go to the search bar and type “Spreadex,” or look for the official app.
- Download the App: Tap “Download” to install the app on your device.
- Open the app: Once it is installed, you can open the app.
- Log in: Use your Spreadex account credentials to get started with this app.
Chapter 5
Commission at Spreadex
In this section you will learn about:
• What is Commission?
• Sports Betting Commissions
• Financial Trading Commissions
• Commission-Free Markets
Take a look at how much commission you will pay!
Spreadex has a clear commission structure that varies depending on whether you are betting or trading. Knowing how our commissions work boosts your revenues, while keeping a check on costs. Here’s how it works:
Sports Betting Commissions
In regard to sports betting, Spreadex does not charge directly in either fixed-odds betting or spread betting. It just incorporates the cost into the spread or within the odds it is offering to the bettor. How it works:
- Fixed-Odds Betting: The commission is embedded within the odds. This can also be explained as the difference between the odds you get and the actual probability of the event, which forms the bookie’s margin.
- Spread Betting: Through spread betting, Spreadex makes money from the spread itself. The spread is the difference between the buy and sell prices on a given market. The wider the spread, the higher the effective commission you are paying. For instance, if the bet is on a football match with a 2.5-3.5 goal spread and actually falls within that range, then that difference between the buy and sell prices would be tantamount to the cost of the bet.
Financial Trading Commissions
In financial trading, Spreadex generates commission in various ways depending on which financial market one is dealing in. These may include:
- Spread: As in sports spread betting, you are buying at one price and selling at another. It is in the difference between these prices that Spreadex makes its commission. The spread may be different depending on the volatility and liquidity of the market.
- Overnight Financing: A financing charge may be charged by Spreadex for positions held overnight. Typically, this is only a small percentage of the overall value of the position and will vary depending on the market and length of time that the position is held.
CFD Trading: When trading Contracts for Difference, Spreadex charges commission, which is calculated as a percentage of the value of your trade. Commission typically represents a percentage of the size of your trade and needs consideration as it can mount quickly if you are trading large or frequently.
Commission-Free Markets
These include certain markets Spreadex offers where no direct commission is charged. For example, it does not add any further fees other than the spread itself in some of its sports markets, especially in more popular or liquid markets. Another case is that, from time to time, Spreadex offers some promotional works wherein it reduces or eliminates commission charges on specific trades or bets.
Chapter 6
Liquidity at Spreadex
What is Liability?
Let’s not waste any time!
Any user of a betting or trading platform is concerned with liquidity since it defines how easily you are able to enter and exit positions, together with the efficiency of the market. The importance of liquidity at Spreadex refers to both sports and financial markets, impacting spreads, odds, and even the availability of markets.
Sports Betting Liquidity: In sports betting, liquidity is defined as the amount of money available within a market at any time on any event or bet type. High liquidity generally means there are more market participants. This normally leads to tighter spreads and better prices, just as it is in spread betting, where the spread—being the difference between the buying and selling prices—may be influenced by the degree the market is active.Financial Trading Liquidity: Liquidity in financial trading refers to an asset being easily bought or sold without drastically changing its price. Spreadex offers various financial instruments, such as indices, shares, currencies, and commodities—all with different degrees of liquidity.
Impact of Liquidity on Trading and Betting
This directly impacts the cost and ease of placing a bet or making a trade. Generally, the spreads will be tighter in high-liquidity markets. As such, it really costs less to get into or out of a position. In turn, low-liquidity markets will have wider spreads, increasing the cost of trading or betting. Furthermore, with low liquidity, you will not find someone with whom to exchange your bet or trade; this might mean delays or partial fills.
Chapter 7
How to Register on Spreadex
In this section you will learn how to register with Spreadex.
We have the answers!
Opening an account with Spreadex takes only a few minutes, and you can get their welcome offer. Just do the following in order to open your Spreadex account and get your welcome bonus:
Step-by-Step Registration Guide
- Visit Spreadex Website: Go to the Spreadex website.
- Click on Sign Up: Click the “Sign Up” button that is displayed.
- Enter Your Details: Fill in your details in the registration form displayed.
- Set Up Your Account: Set up your account by selecting a username and a password.
- Verify Your Identity: Verify your identity by uploading the required documents.
- Deposit Funds: Fund your account to begin betting or trading.
- Claim Welcome Bonus: Place a qualifying bet to receive your welcome bonus.
Chapter 7
How to Log In on Spreadex
In this section you will learn how to log in to Spreadex.
We have the answers!
Logging in to your Spreadex account is easy and quick. Follow these steps:
Step-by-Step Log In Guide
- Visit Spreadex Website: Go to the Spreadex website in your browser.
- Log in: “Login” is located at the top right corner of the page.
- Enter Credentials: Type in your username and password.
- Click Submit: Hit “Submit” to proceed to your online account.
Chapter 9
Payment Methods
In this section you will learn:
• How to Deposit?
• How to Withdraw?
We are about to find out!
You can easily deposit and withdraw money at Spreadex due to a large number of ways for payment. Below, you can see the comparison between offered ways:
Payment Methods Comparison
| Payment Method | Deposit Limit | Withdrawal Limit | Transaction Speed |
|---|---|---|---|
| Bank Transfer | No limit | No limit | 1-3 business days |
| Debit/Credit Card | £10 – £25,000 | £10 – £25,000 | Instant deposits, 1-3 days for withdrawals |
| Apple Pay | £10 – £5,000 | – | Instant deposits, 1-3 days for withdrawals |
| Cheques | No limit | No limit | 5-7 business days |
How to Deposit?
Opening an account with Spreadex and depositing some money is pretty easy. The steps to follow are:
Step-by-Step Deposit Guide
- Log In To Your Account: Access your Spreadex account.
- Banking section: click on “Banking” or “Deposit”.
- Payment Method: Select your preferred method of payment.
- Deposit Entry Amount: Enter the amount you wish to deposit.
- Confirm Deposit: Follow the instructions on the screen to finalize the deposit.
How to Withdraw?
Withdrawing from Spreadex is very easy and secure. The process is explained below.
Step-by-Step Withdrawal Guide
- Sign In to Your Account: Access your Spreadex account.
- Go to the Withdrawal Section: Click “Banking” and then “Withdraw”.
- Choose Payment Type: Choose how you want to withdraw.
- Withdrawal Amount: Specify the amount you would like to withdraw.
- Confirm Withdrawal: Complete the transaction.
Chapter 10
Spreadex Betting Options
One of the most popular ways to make money on Spreadex!
A simple example in a few steps.
Check out how it works in practice!
You will find out that it is easy!
Spreadex offers diversified ranges of betting products, which help in serving recreational punters on one hand and seasoned traders on the other. Spread betting merges the traditional fixed-odds style of betting with the more advanced spread betting for a modern way of enjoying sports and financial markets.
Fixed-Odds Betting
Fixed-odds betting is the traditional definition of betting, where you place a bet at agreed-upon odds and your payout is determined by those odds. If your prediction proves correct, then you win a fixed amount based on those odds and your stake. Spreadex offers fixed-odds betting on a wide variety of sports, including football, horse racing, tennis, cricket, and more. This will appeal to players looking for a clean, uncomplicated form of gambling with a strictly defined risk/reward ratio.
Spread Betting
Spread betting is a far more dynamic way of betting, and it may prove to be more profitable. You are not betting on simple wins or losses; instead, you are wagering on the margin by which an event will occur. In a football game, for example, you can bet on the number of goals to be scored, while in horse racing, you can bet on the distance by which a horse is expected to win. The more accurate your predication, the more you can win; however, the risks are also higher since your potential losses can also be very much in excess of your original stake.
Spreadex is better known for spread betting, and the site offers markets on a very wide variety of sports. The type of betting that appeals to people who enjoy the challenge of not just predicting the outcome but the extent of that outcome.
In-Play Betting
Spreadex in-play betting allows users to place bets live. With this facility available for both fixed-odds and spread betting, it can provide the opportunity for bettors to react to the action as it unfolds. The in-play betting offers are available on major sporting events such as football, tennis, and cricket, definitely making this experience much more electrifying for people who usually remain engaged throughout the event.
Financial Betting
Apart from sports betting, Spreadex offers financial betting products where users can make speculations in relation to financial markets such as indices, currencies, commodities, and shares. In much the same way that sports spread betting works, in financial spread betting, traders are wagering on the direction of market moves. Large profits or losses may be incurred depending on how right or wrong they are.
Chapter 11
How to Place the First Bet?
In this section you will learn how to make your first bet.
We’re about to find out!
Placing your first bet with Spreadex couldn’t be easier. Here’s how:
Step-by-Step Guide to Placing Your First Bet
- Log In to Your Account: Make sure you log into Spreadex.
- Go to the Sports Section: Click “Sports” to get markets available.
- Select a Market: Choose the sport you want to bet on, then select the event.
- Select bet type: Either spread betting or fixed-odds betting should be chosen.
- Enter Stake: Please provide the amount of your stake.
- Review your bet, then click “Place Bet” to place the order.
Chapter 12
Trading Software
Are you new to trading?
Don’t worry!
We will tell you about different trading software.
It’s time to find out!
Trading software is designed to assist traders in analyzing the markets, executing trades, and ultimately handling their portfolio. Features that have been strangulated to the programs include real-time data feeds and charting tools, automated trading, and risk management capabilities. With trading software, you can make better decisions, execute trades much faster, and easily implement complex strategies.
The primary functions of trading software include:
- Market Analysis: Tools in the trading software, like charts, indicators, and technical analysis features, help a trader study market trends and make predictions.
- Trade Execution: A large number of these platforms support one-click trading, which enables the trader to quickly and easily enter or exit a trade.
- Automation: State-of-the-art trading software supports automated trading strategies whereby trades are automatically executed by the computer program based on predefined criteria.
Risk Management: Most of the tools would involve stoppages and taking profits, hence helping traders in risk management.
Examples of Popular Trading Software
Two of the most popular trading software used in the betting markets are BetAngel and Geeks Toy.
BetAngel
From the long list of features, BetAngel has managed to attract both the fresher and professional trader. Some of its key features include:
- Advanced Charting: Create detailed charts and indicators to analyze market trends.
- Automation: Supports custom automation scripts, which let you automate trading strategies.
- Multi-Market Trading: Users can potentially trade several markets simultaneously in search of profit.
- Ladder Interface: Simple, intuitive ladder interface for placing bets and position management.
Geeks Toy
Another popular option is Geeks Toy, which is well-known for its speed and efficiency. There is also:
- Customizable Interface: Lets users personalize their trading environment by their preference.
- Real-Time Data: Fast and accurate real-time data—critical in making timely trading decisions.
- Automation Features: In this regard, Geeks Toy provides tools to automate trading strategies quite similarly to that available with BetAngel.
- Low Resource Usage: Geeks Toy is light, hence ensuring fluent performance even on the least powerful PCs.
Success will follow the choice of correct trading software. Here, again, the best for you will be determined by your trading strategy, assumptions, budget, and expectations. Be it in-depth charting, automated, or a user-friendly interface—all that matters is being able to find a software that suits you best, which can greatly affect the outcome of your trades.
Chapter 13
FAQ
How does Spreadex work?
Spreadex’s core business is bookmaking on sport and financial trading products, spread betting on sports, and fixed odds, with the potential use of trading in CFDs on the financial markets.
Is Spreadex Legal in the UK?
Yes, Spreadex is fully legal and regulated by the UK Gambling Commission.
Is Spreadex Safe?
Yes, Spreadex is safe and secure. The strong security measures in place are regulated by the UK Gambling Commission.
Does Spreadex accept crypto bets?
No, Spreadex does not currently accept cryptocurrency for betting or trading.
What fees are charged for my transactions on Spreadex?
Spreadex charges commissions on financial trades while fees for sports betting are embedded in the spread or within the odds margin.
Chapter 14
User Feedback
Dann:
Spreadex is pretty solid. I used this platform for a couple of months. Its interface is simple, and the more options for payment, the better. Bonuses are okay, and withdrawal sometimes takes a bit longer.
Jason F.:
Spreadex is the one I always use for betting and trading. Good app; really convenient. They really need to add crypto payments, though. Good customer service, very competitive odds on the books.
Ghanzaraq:
Spreadex is my personal favorite because everything is found there. The trading tools are quite developed; the possibility for sports betting is really large. The only downside is that sometimes the platform lags at peak times, so it can at times be a bit annoying.
Vindyys_:
Spreadex has been good to me, especially when using their football service. I was expecting to see a few more live streams. The spread-free bets are great, and I’m making sure to make good use of the welcome offer. Generally, it’s a good platform; however, there could have been improvement in one or two areas.
