Spreadex Sport Betting Review

Updated on December 2024
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Betting options

Betting in Spreadex works in two ways: Calls and Puts. Call options happen when you plan to purchase a specific asset at a certain price in the future. In put options, buyers have the right to sell a specific asset at a certain price in the future.

Spread-betting on options can be done through Long and Short methods. Dealers have the right, but not obligated to buy or sell an asset on expiry and with fewer liabilities.

Spreadex offers educational materials and examples on how their betting options work for a more in-depth view. As a user, gaining knowledge on the long and short options will allow you to lessen the risks and increase your leverages.

The leverage level for Spreadex brokers and retail traders may go lower as they oblige more to restrictions. However, professionals can have access to higher comebacks as long as the status is confirmed and terms and conditions have been met.

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Deposits and Withdrawals

For deposits and withdrawals, you need to consider the available currency and what type of transaction applies to your finance trading service provider.

In Spreadex, they use four base currencies: EUR, GBP, USD, and DKK. It is important that your trading and bank account have the similar currency to avoid conversion fees on every transaction.

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For withdrawals and deposits, Spreadex does not have convenience fees or charges for every transaction. However, depositing under £50 may charge you  £1 on a debit card and some withdrawals with different currencies may demand additional charges.

You can use bank transfers or credit/debit cards in your deposits and withdrawals. Unfortunately, e-money or electronic wallets are not applicable for Spreadex.

On a positive note, withdrawing from Spreadex is highly convenient and only takes 2 business days for the money to arrive in your account.

To withdraw money from your Spreadex account, simply follow this instruction:

  1. Click ‘My Account’
  2. Find the ‘Withdrawal’ method
  3. Input the amount you desire
  4. Select ‘Next’ to verify your withdrawal.
  5. Check your online bank account for verification.

Bonuses and Promotions for new users

Among the services that Spreadex wants to maintain is their excellent customer service. With that, they offer several Sports Betting promotions, competitions, and education to their new and existing account holders.

In the sports betting platform, Spreadex provides competitions where real clients can participate. Regular competitions include Spread-Free Bets, Refer and Earn, First Scorer Insurance, and Fixed Odds for New Accounts.

Brokers can also offer welcome bonuses and cashbacks to their customers for a little nudge and encouragement. Spreadex takes care of their new users by providing quality education about the trading and sports betting strategies as well.

NOTE: No actual bonus is offered to newly registered. Most promotions are only given through competitions and brokers.

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Conclusion

Football, F1, Horse racing and Handball – these are some of the exciting worldwide sports events that you can enjoy with Spreadex. In terms of financial trading, this platform gives you access to global markets and shares through spread betting, CFDs, and Options.

You can trust Spreadex as a stable, safe and user-friendly website.

  • Tax-free and 0% Withdrawal and Deposit Convenience Fee
  • Free broker consultants
  • Available on Mobiles
  • Over 10,000 global markets and 3,000 trading instruments
  • Education materials for research and support
  • Support if not available 24/7
  • Lacks demo account
  • No bonuses for new clients
  • Lacks Investment Instruments
Author Image | Review of SPREADEX

Jamie Foster

10 Best Sport Betting Sites Editor