Verified
Spreadex

Trust Score 65/100 · Tier 1

65/100Tier 16 components

Spreadex is a tier-1-licensed sportsbook tracked in the SharkBetting Atlas.

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Author and sources

Erik Andersson, Content & Marketing Specialist at Sharkbetting
By , Content & Marketing Specialist8 years tracking gambling regulation and trust audits
5 sources

Spreadex at a glance

At a glance

Spreadex lands in the top 8% of the bookmakers we track and earns a Tier-1 licensing posture. The trust score and tier shown in the header above are broken down by 6 weighted components in the score panel below.

What's behind the 65/100

6 weighted checks, total 100. Each bar shows the score, weight, and what it means.

6 weighted checks, total 1008010407240100Licensing 25%Corporate 20% (no data)Security 15%Reviews 15%Threat 15%Operational 10%65
6 weighted checks, total 100
Licensing 25%80

What this score means: Active licences in tier-1 jurisdictions provide strong consumer protection and dispute-resolution channels.

Evidence: Tier-1: Denmark Spillemyndigheden

Corporate 20%(no data)10

What this score means: Atlas could not verify corporate signals for this brand.

Evidence: No corporate-ownership disclosure found

Security 15%40

What this score means: Security posture acceptable but with some gaps (weak headers or unpatched CVE on shared IP).

Evidence: Mozilla Observatory: D-

Reviews 15%72

What this score means: Public review platforms show consistently positive sentiment over time.

Evidence: Consumer reviews (wayback): 3.8star (486 reviews)

Threat 15%40

What this score means: Some elevated threat signals. Check the domain-risk scan or enforcement timeline for context.

Evidence: UKGC enforcement: 2 fine(s) (-60)

Operational 10%100

What this score means: Domain age, hosting tier, and CDN posture indicate a stable long-running operation.

Evidence: Domain age: 26y

Spreadex overview

Spreadex is a tier-1-licensed sportsbook tracked in the SharkBetting Atlas. The brand was first registered online in 1999, giving it roughly 27 years of operating history. It holds 1 active licence, from Spillemyndigheden, a tier-1 regulator. Public hosting infrastructure is classified as tier-1 hosting (Amazon.com, Inc.).

Its SharkBetting Trust Score v2 sits at 65 out of 100 (high confidence, above-average band). One gap worth noting: we found no disclosed ownership on record, so there is no named parent company behind the brand to hold accountable. Public review aggregators report 3.8 stars on an open consumer-review platform (486 reviews). The brand has received 2 UK Gambling Commission actions, including a GBP 2m fine in 2025.

Why Spreadex's spread-betting model is genuinely different

Spreadex was founded in 1999 in St Albans as one of the few UK operators offering both fixed-odds sports betting and financial spread betting under a single account, and remains the dominant pure-play UK sports spread-betting operator. The brand is dual-regulated: the sports spread-betting product sits under FCA authorisation as a leveraged financial derivative, and the fixed-odds sports betting and casino products sit under UKGC license. This dual-regulator footprint is structurally unusual.

For a player, the practical implication is that sports spread betting is mathematically different from fixed-odds. A typical Spreadex spread market on Premier League goals offered at 2.6-2.9 means: buy at 2.9 and the team scores 4 goals, you win (4, 2.9) GBP per pound staked; sell at 2.6 and they score 1 goal, you win (2.6, 1) GBP per pound staked. Losses can exceed your stake on the wrong side of a runaway score, which is why FCA regulates it as leveraged trading rather than a betting product. Recreational customers should size positions assuming worst-case rather than fixed-odds-style fixed-stake.

What 25+ years of private continuous operation signal

Spreadex has been operating continuously since 1999 under stable private ownership, the founder Jonathan Hufford remains chairman, and the operator has not been acquired, listed, or restructured. This is unusual in the UK market where every other major operator of similar tenure has been merged, acquired or listed at least once. The structural implication is that the operator's product personality, customer-service standards and bonus posture have remained recognisable to long-term customers across two decades.

The practical signal for a player is that Spreadex occupies a structurally different risk profile from acquired-and-consolidated brands. Bonus terms tend to stay consistent year over year, customer-service relationships persist across staff cycles, and the back-of-house compliance posture does not lurch with ownership changes. The trade-off is that financial-stability disclosures available at listed-parent operators (Flutter, Entain, evoke) are not visible here, the operator's accounts are filed at Companies House but with the limited disclosure private-company status allows. UK customers who want a small-balance-sheet operator should weigh that against the deeper disclosure layer at listed peers.

Weight the Trust Score yourself

Drag the sliders to match your own priorities. Spreadex’s score recomputes live with the published weighting rules (missing data counts as a conservative prior at half weight). See the full methodology for red-flag and coverage caps.

Your weighted score

65

Atlas default

65

Delta

+0.3

Licensing & regulatory footprint

Country access

Hover or tap a region for the country list.

Europe
1 accepted, 0 blocked
Accepted: United Kingdom
Americas
0 accepted, 0 blocked
Asia
1 accepted, 0 blocked
Accepted: India
Africa
0 accepted, 0 blocked
Oceania
0 accepted, 0 blocked

Activity timeline

Latest events first.

  1. 2026-04-19Atlas verified
    Atlas last verified
  2. 2025-05-15Enforcement
    £2m fine for online operator Spreadex Limited
    £2m
    Source
  3. 2022-08-25Enforcement
    Online gambling business Spreadex Limited to pay £1.36 million
    £1.36m
    Source

How we know: licence registers, UKGC enforcement sitemap, certificate transparency logs, atlas verification. First observed 2026-04-19.

Public reviews

Consumer reviews
3.8/ 5
486 reviews

Industry context: open consumer-review platform scores for sportsbooks typically range 1.2-2.5/5. Satisfied customers rarely leave reviews; complainers seek them out.

Checked 2026-06-10

What to expect

Identity checks

Standard: ID on first withdrawal

A general expectation for this brand type, not an individually verified KYC audit. Check the operator’s own terms before depositing.

Payment methods not yet documented for this brand. No verified mobile app on file. Last checked 2026-04-19.

How we know: Apple App Store + Google Play Store metadata, atlas brand catalogue. Last checked 2026-04-19.

Not convinced by Spreadex?

These brands currently outscore Spreadex in the Atlas ranking. Same scoring code, no placement fees; check that each holds a licence in your country before switching.

Frequently asked questions

Is Spreadex safe?

Spreadex has a Trust Score of 65/100 with high data confidence. It rates in the middle of the atlas: licensing 80/100, reviews 72/100, corporate 10/100, security 40/100. No active red flags are recorded against the brand.

What do third-party review platforms say about Spreadex?

Spreadex appears on multiple independent review aggregators that measure different aspects of player experience. An open consumer-review platform, which collects open consumer reviews, shows 3.8/5 across 486 reviews captured from a Wayback snapshot of www.spreadex.com. Open consumer-review platforms reflect sentiment from any consumer who chooses to post; dispute-mediation services reflect how an operator behaves when disputes are escalated, so the two metrics measure different things.

Where is Spreadex available?

Spreadex accepts players from 2 jurisdictions per atlas data, including United Kingdom, India. Availability lists are derived from public terms-of-service pages and licence registers; geofencing rules can be tighter than what is publicly stated, and accounts opened from restricted IPs are usually voided. Always verify your specific country on the official site before depositing.

Is Spreadex's site secure?

Spreadex scores 40/100 on the Trust Score v2 security component, indicating a mid-tier security posture. Signals include: Mozilla Observatory grade D-; HSTS + CSP (+5); DNS hygiene: SPF/DMARC/DKIM 3/4 (+5); hosted on tier-1 infrastructure (Amazon.com, Inc.). The security component blends HTTP-header hardening (HSTS, CSP, X-Frame-Options), TLS configuration, DNS hygiene (SPF, DKIM, DMARC), CDN/WAF presence, and hosting reputation; it does not assess the operator's internal security or breach history.

Compare Spreadex to alternatives

Pick up to two other atlas brands and see the verifiable stats side-by-side.

Metric
This brand
Spreadex
Alternative 1
Not selected
Alternative 2
Not selected
Trust Score
65/100
TierTier 1
Active licences1
Player reviews486
Top regulatorDenmark Spillemyndigheden
Regulator actionsNone on file

Brands listed by Trust Score. Comparison uses the same data Atlas publishes on each brand’s own page.

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Author and sources

Erik Andersson, Content & Marketing Specialist at Sharkbetting
By , Content & Marketing Specialist8 years tracking gambling regulation and trust audits
5 sources

Sources (5)

Citations backing every factual claim in this Spreadex profile, grouped by category. Atlas verifies each source on the date shown. External links open in a new tab.

Regulator records (2)

  1. [2]£2m fine for online operator Spreadex Limited (UK Gambling Commission)
  2. [3]Online gambling business Spreadex Limited to pay £1.36 million (UK Gambling Commission)

Operator pages (2)

  1. [1]Spreadex licence record (Spillemyndigheden)
  2. [5]Domain registration record for spreadex.com (RDAP (registry data))

Other (1)

  1. [4]Web-security scan of spreadex.com (grade D-) (Mozilla HTTP Observatory)Accessed

Trust score computed from 6 weighted components (licensing, corporate, security, reviews, threat intel, operational). License data verified against public authority records. Last verified 53 days ago. Sources cited: 5.

See full Trust Score v2 methodology | about the data

Last updated: 19 Apr 2026

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