SPREADEX SPORTS BETTING REVIEW: TOP SPORTS BETTING ODDS AND CASINO
SpreadEx is a global contract for difference (CFD) and forex broker that is regulated by the UK Financial Conduct Authority. Founded in 1999, the company is also known as a sports betting service operator in a separate capacity.
Spreadex: PROS AND CONS
REPUTATION & HISTORY
SpreadEx sportsbook assures users of that it is safe to use, as the company takes pride with its long track record and is regulated by a top-tier financial authority. The CFD and forex broker, which has its main office in the United Kingdom, takes prides of its long track record.
SpreadEx operates legally in 193 countries, including nations in Europe, Asia, Oceania and Africa. Among its major markets are the UK, Germany, Australia, China, South Africa and Thailand.
COVERAGE OF SPORTS
SpreadEx offers forex, CFDs and spread betting. CFDs are short-term leveraged derivative contracts that track the value of some underlying instrument and pay off accordingly. Spread betting involves placing a speculative bet on the price movements of an underlying instrument without actually owning it.
Users can take advantage of SpreadEx sportsbook fixed betting and spread betting features. For the uninitiated, spread betting is where a bettor either “buys” or “sell” according to whether he or she thinks the outcome of an event will be higher or lower than the spread. The fixed betting feature of SpreadEx a user will be given the odds for each outcome and he or she select which one they think will happen.
There are several instant deposit options that a user could use with SpreadEx. This includes Visa, Maestro, Switch, Payoneer, credit cards, debit cards and bank transfers. There is no deposit fees for SpreadEx, although charges may be applied by bank or third party merchants.
BONUS & REWARDS
SpreadEx unveiled a new customer offer of GBP30 in free bets when a user places a GBP10 fixed odds bet on its sportsbook at minimum odds of 1/2. A first free GBP10 fixed odds and a GBP5 total goals spread will be credited upon settlement of the qualifying bet. After that, another GBP10 free fixed odds bets and a second GBP5 free total goals football spread bet will be credited to the user 24 hours later.
SpreadEx offers several withdrawal methods available. The duration of the withdrawal process usually takes around two business days, though it is often quicker.
SECURITY & SAFETY
Users need to get past SpreadEx one-step login feature on its mobile platform to get access to their accounts. Users cannot log in using biometric authentication such as Touch/Face ID. Having such a feature would offer a more convenient login experience. The broker is regulated by the Financial Conduct Authority, meaning that SpreadEx falls under regulation from a jurisdiction that can hold a broker responsible for its misgivings.