● Intro to Spreadex
Spread betting can be an area of online gambling which feels a little overwhelming for many players. Without research, this can seem to be an involved and complex process, and this is one of the reasons why so many players head elsewhere or seek out alternative methods of placing bets and wagers.
In part, Spreadex is a tool which can really help to alleviate this fear, taking care of much of the hard work, and leaving players and punters free to focus on the game or match they are looking to enjoy. Put simply, Spreadex is a Forex, CFD and spread betting broker, and allow traders to access major markets such as commodities, indices, currencies, and shares. They stand out from the crowd thanks to their access to cryptocurrencies such as BitCoin and are a popular choice for the more experienced traders who are looking to trade options.
If you are looking for something a little different which offers plenty of option to trade, Spreadex is a pretty strong bet. They offer a wealth of experience with plenty of choices and can be a great pick for both experienced traders and those just finding their feet and building their confidence within the business. Read on for our considered opinion!
Spreadex Welcome Offer & Promotions
● Welcome Bonus
There are a number of ways in which Spreadex differ from the typical online sportsbook or casino site, but they are ahead of the pack with a quality welcome offer worth up to £300 which is a great steal for newbies! Upon signing up to the site, all new customers will need to place 5 qualifying spread bets to trigger the welcome offer. These must be a minimum of £2 and offer expected returns of £20. If these criteria are met, you will find yourself automatically credited with a £100 bonus, with no need to enter any codes or worry about extra tasks!
Even better news; this is just the first stage of the welcome bonus. Once the first bonus has been credited, players should place another 10 qualifying bets – again, these must a £2 minimum spread bets, and have expected returns of £20 minimum. This again will bag you a £100 bonus, taking your total welcome offer to £200 – not too bad for simply signing up and playing!
There are some restrictions with regards to the markets which can be bet on – tennis, horse racing, rugby league, rugby union, cricket, and golf are all excluded from the deal. It is also a good idea to stick to lower, achievable odds to help ensure success – starting off small now can be a massive help in the future!
● Free Bets
As the name suggests, this is where the site will offer a certain number of free bets to the player, usually in exchange for signing up, or as an extra thank you after they have placed a certain number of bets. Spreadex offers their own version of this offer, and it comes with a great perk: this is a deal which can be played through as many times as you like, with absolutely no restrictions! This is more a spread-free bet than a traditional free bet, but it does allow you to get your hands on ann extra chance to win, and so we have counted it here.
To qualify, players must place 3 sports spread bets online on the same sports qualifying markets, within 10 minutes. Following this, a fourth spread bet is placed on the same market spread – free, or at the spread mid-point. This offer can then be repeated as many times as desired, on any of the sports markets which qualify – players should check the small print for closer details. As long as you meet the qualifying criteria, this is a perfect way to increase your potential bets and maximise your profit.
● Matched Bet
As well as a great welcome bonus, matched bets can be another brilliant way for casinos and sportsbooks to entice new custom. Matched bets occur when the site offers to match existing bets made by the player, usually up to a certain limit. With this in mind, Spreadex has added another string to their offer bow; the chance for players to get their hands on £25 in matched bets when they place a £25 bet on the site. In essence, this allows you to double your betting potential, and is a great offer for players of all experience levels; you can bet on wilder and more entertaining options, or place a greater number of bets on a secure gut feeling, without having to worry that you are spending your hard-earned cash or wasting precious opportunities to bet.
● Other Promotions
As well as a great welcome deal and some wonderful matched and free bet options, Spreadex are fans of regularly rewarding their players and customers with promos and deals. Many of these are accessible via bonus codes found on the site, and others are advertised and can be achieved by meeting certain requirements. Players should check in with the site on a regular basis to take full advantage of the deals on offer; you never know when your lucky day will come!
● Reload Bonuses
Reload bonuses are another popular option for many online sportsbooks, and the welcome offer at Spreadex does technically qualify; plyers are rewarded not only for the first deposit made but also the second. This offers a perfect chance to maximise each bet and is a definite perk of the site.
● Loyalty Program & VIP management
As well as offering fantastic deals and appealing to new customers, it is also super important for sportsbooks and casinos to remember the loyal players who have helped to keep them in business. Many sites will offer exclusive deals or promotions to these customers, and some go one step further in offering an exclusive loyalty opportunity. At present, Spreadex does not have a dedicated VIP or loyalty programme, and this does have the potential to put them at a disadvantage compared to other sites; many now offer great deals as standard to their most dedicated customers and repeat players. There is a risk here that punters will be offered a better deal elsewhere for their loyalty, and this could see them turn away from Spreadex.
● The product, Sports and Markets
One of the advantages of Spreadex is that they offer a broad range of sports and activities, and these include the most popular choices such as football, horse racing, cricket, rugby union, and tennis. Within these categories are a range of specific leagues and tournaments, such as the Premier League and Champions Leagues in football, and the Grand Slam tournaments in the tennis world. In-play betting is also a major benefit – this allows you to place wagers and take guesses while the action is going on, and this increases your chances of a successful win – you can make decisions based on what is happening right in front of you. When it comes to choice, Spreadex has a great selection; while the range of sports and activities on offer may not be as wide as some alternatives, there is plenty to choose from, and the categories offer greater depth and opportunities for wagers.
● Mobile & App
It goes without saying that punters, players, and customers of all types will be expecting a mobile experience, and we are pleased to announce that Spreadex does not disappoint in this area. Android and iOS users can download the app and enjoy a fully optimised experience, and this gives you the freedom to wager and play your favourite sports and matched anytime, any place – a real advantage! For those who don’t want to download an extra app, the site can be accessed and enjoyed straight from your mobile browser.
● Licensing and regulation
Spreadex has authority and regulation from three major players; The Financial Conduct Authority, The Gambling Commission, and the Alderney Gambling Control Commission. This allows players to kick back and relax safe in the knowledge that they are playing a totally legit site. In addition, security is taken care of thanks to an SSL encrypted site; all your personal details will stay private and protected.
● Customer Support
The first port of call for any questions or concerns should be the FAQ section of the site; this is comprehensive and detailed and should answer most questions. If not, support is also available via email, telephone, and social media, so you are never stuck for too long!
Spreadex offers a variety of payment deposit and withdrawal methods to match most preferences, and these include Visa, Switch, Maestro, MasterCard, cheque, bank transfer and direct debit. The site does not currently offer eWallets as a payment method, and this is disappointing as these tend to be the fastest option for many sites.
Most of the common complaints which surround Spreadex are related to the lack of payment methods, and primarily the lack of options to use eWallets such as PayPal or Neteller. This is an issue when most other sites are offering this and could see Spreadex at a disadvantage. Apart from this, most reviews are generally positive, though some customers have expressed a desire to see a Live Chat option emerge as a method of customer support.
● Business information
Spreadex started trading in 1999, giving them years of comprehensive experience in the market. The site was founded by Jonathan Hufford, and the aim was to make spread betting easier and more accessible for players – an aim which seems to have been achieved!
● Betopin’s Verdict
If you are new to spread betting, or simply searching for a reliable site to try the skill out on, Spreadex is the place for you. They are slick, professional and experienced, and a great opportunity to expand your online betting experiences and add spread betting to your list of opportunities.