Spreadex
Spreadex is an online sports betting brand operated by Spreadex Limited, a company incorporated in 1999 and licensed by the UKGC since 2009. The operator received a £2,022,000 financial penalty in 2025 for anti-money laundering and social responsibility failures, which weighs on its overall regulatory standing.
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About
Spreadex is a UK-licensed sportsbook offering fixed-odds and spread betting. According to the site, it also previously offered casino games, though that section has since been discontinued. The platform states it supports payment via Visa, Mastercard, PayPal, and bank transfers, and claims to offer live chat support and a mobile app.
Spreadex Limited has held a UKGC licence since 2009, giving it over 17 years of regulated operation. The company was incorporated in February 1999 and is registered at Churchill House in St. Albans. Despite its long licensing history, the operator's regulatory record isn't clean. In May 2025, the UKGC imposed a £2,022,000 financial penalty for breaches of anti-money laundering and social responsibility rules between September 2022 and November 2023.
That enforcement action resulted in a warning and an additional condition attached to the operator's licence. It's a meaningful blemish on an otherwise long-standing operator, and consumers should be aware of it when assessing the brand's trustworthiness.
Features & Offerings
Key Offerings
- Slots
- Live casino
Main Features
- Spread betting
- Fixed odds betting
- Live chat support
- Mobile app
Can You Trust Spreadex?
Positive Signals
- UKGC licensed since 2009, with over 17 years of continuous regulated operation
- Strong SSL certificate with an A grade and TLS 1.3 support
- Trustpilot score of 4.40 from 1,971 reviews
Concerns
- £2,022,000 financial penalty imposed in May 2025 for AML and social responsibility failures
- Additional licence condition attached following the 2025 enforcement action
- Domain grade D due to missing WHOIS transparency and limited DNS security features
What Users Say
Spreadex holds a Trustpilot score of 4.40 out of 5 based on 1,971 reviews. That's a positive signal for a sportsbook, though the absence of a breakdown by star rating means it's difficult to assess the proportion of negative feedback.
Regulatory Context
The 2025 UKGC enforcement found failures in social responsibility processes between 2022 and 2023. If any users during that period experienced problems with safer gambling interactions or account closures, the enforcement outcome gives regulatory context to those experiences. No specific user complaints are available in the current data to cross-reference directly.
Source: Trustpilot
UKGC Licence Status
Spreadex Limited holds two active UKGC licences. The General Betting Standard (Real Event) licence, granted on 1 January 2009, permits fixed-odds and spread betting on real sporting events. The General Betting Standard (Virtual Event) licence, granted on 22 August 2017, permits betting on computer-simulated events. Both licences are currently active with no expiry date recorded.
Regulatory Actions
On 7 May 2025, the UKGC imposed a £2,022,000 financial penalty on Spreadex Limited. The Commission found the operator had breached anti-money laundering and social responsibility code provisions between September 2022 and November 2023. The action also resulted in a formal warning and an additional condition being attached to the operating licence.
Site Assessment
Licensed Operator
Spreadex Limited is the licensed entity behind the Spreadex brand. The company was incorporated on 25 February 1999 and has held a UKGC licence since January 2009. It's registered at Churchill House, St. Albans, AL1 3UU. The operator's trust grade is C, reflecting its long licensing history alongside the 2025 enforcement penalty.