Spreadex
Spreadex is a UK-regulated online platform offering sports fixed odds betting, sports spread betting, financial spread betting, and CFD trading to over 60,000 retail customers in the UK under a single integrated account.
- Company typePrivate
- Founded1999
- HeadquartersSaint Albans, United Kingdom
- Headcount101–250
- GTM typeB2C
- OfferingServices
What Spreadex does
Spreadex Ltd is a privately held UK-based company founded in 1999, headquartered in St Albans, that operates an integrated online platform offering four core product lines: sports fixed odds betting, sports spread betting, financial spread betting, and CFD trading on global shares, indices, forex, and commodities. It serves over 60,000 active retail traders and sports bettors, primarily in the UK, and is the only UK firm offering both fixed odds and spread betting for sports alongside leveraged financial trading under a single brand and account. The company is dual-regulated by the Financial Conduct Authority (FRN 190941) for spread betting and CFD activities and by the UK Gambling Commission (account 8835) for fixed odds betting.
The underlying technology platform is built on a C#/.NET microservices architecture with Oracle database, Angular and TypeScript front ends, Redis caching, Kafka messaging, Elasticsearch/Grafana/Prometheus observability, and AWS-hosted Kubernetes orchestration managed via Azure DevOps CI/CD. Domain-specific proprietary IP includes the Sports BI team's probability models for pricing sports markets, in-house trade automation and derivative pricing software for the Financials BI team, and ML-based client lifetime value prediction supporting marketing efficiency. Distribution combines self-serve digital channels (spreadex.com, financials.spreadex.com, iOS and Android apps, TradingView integration) with a retained telephone trading desk, supplemented by sponsorship of nine Championship-level English football clubs and active content marketing across LinkedIn, Instagram, X, YouTube, and Facebook.
Spreadex generates revenue through transaction-fee economics, capturing the spread on sports and financial markets and the overround embedded in fixed odds, with auxiliary revenue from guaranteed stop premiums on financial trades. The company employs approximately 200 people across sports, financials, IT, business intelligence, compliance, and support functions. FY2025 results reported revenue of £104.6M (up 1% YoY) and net profit of £31.7M (down 2% YoY), with £25.5M returned to shareholders via dividends (a 61% increase), marking the company's 25th consecutive year of profitability. Growth initiatives underway include the 2025 acquisition of Sporting Index, geographic expansion into Denmark, increased marketing investment, and selected strategic equity stakes in publicly listed companies.
Spreadex firmographics
Firmographics- Name
- Spreadex
- Legal name
- Spreadex Limited
- Website
- https://www.spreadex.com/
- Company type
- Private
- Founded year
- 1999
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Spreadex is a UK-regulated online platform offering sports fixed odds betting, sports spread betting, financial spread betting, and CFD trading to over 60,000 retail customers in the UK under a single integrated account.
- Ownership category
- akta.pro rank
Spreadex industry classification
Industry- Product category
- Sports Betting and Trading Services
- NAICS
- Gambling Industries (7132), Securities and Commodity Contracts Intermediation and Brokerage (5231)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Peer-to-Peer Financial/Spread Betting Exchanges (MPAEAIAC)
- akta.pro secondary industry
- In-Play (Live) Betting Exchanges (MPAEAIAD)
Keywords
Where Spreadex is headquartered
LocationHeadquarters
- HQ city
- Saint Albans
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Spreadex business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Marketing or Sales, Personnel, Technology or R&D, Operations, Infrastructure
Revenue model
- Sports Spread Betting: Revenue generated from the spread (difference between buy and sell prices) on sports betting markets. The spread represents the primary revenue stream where the more right a customer is, the more they can win, but losses can exceed initial stakes.
- Fixed Odds Sports Betting: Traditional fixed odds betting where customers bet at predetermined odds on sporting outcomes. Revenue comes from the margin built into the odds (overround).
- Financial Spread Betting: Financial spread betting on global shares, indices, forex, commodities, and more. Revenue generated from spreads on financial instruments.
- CFD Trading: Contracts for Difference trading on financial markets. Additional revenue stream from 2017 expansion, offering another leveraged financial product.
- Guaranteed Stop Premiums: Revenue from premium charges applied to guaranteed stop orders, which protect traders from market gapping at an additional cost.
- Dividend Income from Equity Holdings: The company holds strategic stakes in various publicly listed companies (Amigo Resources, 80 Mile PLC, Altona Rare Earths) through contracts for difference and spread betting instruments, representing minority investments.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Sports Fixed Odds Betting |
| Transaction based/ take rate | Pay-as-you-go | Sports Spread Betting |
| Transaction based/ take rate | Pay-as-you-go | Financial Spread Betting and CFDs |
| Unit Pricing | Pay-as-you-go | Guaranteed Stop Orders |
Go-to-market motion2 records
Distribution channels7 records
Marketing channels10 records
Spreadex product offering
Product offeringCore offering
Spreadex is a UK-based betting and trading provider offering sports fixed odds betting, sports spread betting, financial spread betting, and CFD trading on global shares, indices, forex, and commodities through its website, dedicated financial trading portal, iOS and Android mobile apps, and telephone trading desks. The company operates a single integrated account model under dual FCA (FRN 190941) and Gambling Commission (account 8835) regulation, and is the only UK firm offering both fixed odds and spread betting on sports alongside leveraged financial trading under one brand.
Product overview
Spreadex is a UK-based financial spread betting, sports spread betting, and sports fixed odds betting firm founded in 1999 and regulated by the FCA and Gambling Commission. It is the only firm to offer two types of sports betting (fixed odds and spread betting) plus financial trading under a single brand. The product portfolio includes Sports Fixed Odds Betting (with casino), Sports Spread Betting, and Financial Trading (encompassing both spread betting and CFDs on shares, indices, forex, and commodities). The company also offers mobile applications for both sports and financial trading, as well as a TradingView-integrated platform for enhanced charting capabilities.
Differentiator
Problem solved
Functional benefit
Products and services
- Sports Fixed Odds Betting Traditional fixed odds sports betting offering industry-leading odds on worldwide sporting events including football, F1, horse racing, cricket, and handball, with live streaming, multiple cash out options, and Bet-Builder functionality. Targeted at UK individual sports bettors aged 18+.
- Sports Spread Betting Sports spread betting offering thousands of new and varied markets where the more right a customer is, the more they can win, though losses can exceed the initial stake. Targeted at individual UK sports bettors aged 18+.
- Financial Spread Betting Financial spread betting platform enabling trading on global shares, indices, FX, commodities, and more via tight spreads and low margins, with Trade via Charts, Trailing Stops, One-click dealing, and Market Alerts. Targeted at UK retail financial traders and self-directed investors.
- CFD Trading Contracts for Difference (CFD) trading offered alongside financial spread betting, providing access to global shares, indices, forex, and commodities through the same platform. Targeted at UK retail traders seeking leveraged financial products.
- Casino Casino offering available within the same account as fixed odds sports betting, integrated with the Spreadex sportsbook product.
Quantifiable outcome
- Revenue growth from £103.3M to £104.6M (1% YoY growth)
- +3 more outcomes
Companies that use Spreadex
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles3 records
Spreadex technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration11 records
Feature8 records
Spreadex partnerships and signals
Strategic signalPartnerships
17 partnerships are on record, tiered core and minor.
- Derby County FCcoreOfficial partner of Derby County FC providing shirt sponsorship and brand visibility to Championship football club supporters.
- Watford FCcoreOfficial partner of Watford FC with branding presence at Championship football matches.
- Norwich City FCcoreOfficial partner of Norwich City FC providing sponsorship and marketing presence.
- Sheffield United FCcoreOfficial partner of Sheffield United FC with branding and sponsorship activities.
- West Bromwich Albion FCcoreOfficial partner of West Bromwich Albion FC providing sponsorship and brand visibility.
- Sheffield Wednesday FCcoreOfficial partner of Sheffield Wednesday FC with sponsorship and marketing presence.
- Preston North End FCcoreOfficial partner of Preston North End FC with branding presence.
- Blackburn Rovers FCcoreOfficial partner of Blackburn Rovers FC providing sponsorship.
- Millwall FCcoreOfficial partner of Millwall FC with branding and sponsorship activities.
- GamCarecorePartner with GamCare for responsible gambling support. GamCare operates the National Gambling Helpline and provides confidential information, advice and support for anyone harmed by gambling. Spreadex displays GamCare branding as part of safer gambling commitments.
- GAMSTOPcoreParticipating operator in GAMSTOP National Self Exclusion Scheme enabling customers to self-exclude from all participating online gambling companies licensed in Great Britain.
- GambleAwareminorPartner with GambleAware which aims to promote responsibility in gambling and provides information on staying in control.
- GambanminorThird-party application partner that blocks access to thousands of gambling websites and apps across all devices. Free for UK residents through TalkBanStop.
- GamProtectcoreParticipating operator in GamProtect, an industry-wide scheme to ensure people displaying high-risk behaviours are protected from gambling-related harm.
- TalkBanStopminorPartnership between GamCare, GamBan and GAMSTOP offering free tools to support stopping gambling online.
- ExperiancoreCredit reference agency providing data on credit history and score for customer application processing, identity verification, and creditworthiness assessment.
- Sporting IndexcoreRecent acquisition of Sporting Index, a sports spread betting competitor, supporting Spreadex's expansion ambitions in both sports and financials divisions.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
Spreadex competitors and assessment
Company assessmentBroad incumbents
- Betfair: Operates the world's largest betting exchange plus sportsbook. Comparable in betting domain but operates an exchange model on sports rather than a spread betting house model.
- Bet365: One of the largest global online sportsbooks and gaming operators, with a UKGC license and comprehensive fixed-odds product. Competes with Spreadex on sports betting but operates at far greater scale and product breadth.
- William Hill: Major UK sportsbook with fixed-odds betting, online and retail presence. Historically direct competitor in UK sports betting, though it does not offer financial spread betting under the same brand.
- Flutter Entertainment: Owner of Paddy Power, Betfair, Sky Betting & Gaming, and others; the dominant UK-facing sportsbook via Paddy Power and Betfair. Overlaps with Spreadex sportsbook and is a much larger, listed incumbent.
Direct peers
- Sporting Index: UK sports spread betting specialist historically competing head-to-head with Spreadex in sports spread betting markets; now acquired by Spreadex but included to capture the direct product/market overlap.
- CMC Markets: UK-listed CFD and spread betting provider offering trading on shares, indices, FX, and commodities via web and mobile platforms. Directly competes with Spreadex Financials on platform features, spreads, and UK retail customers.
- IG Group: UK-listed retail CFD and spread betting broker offering very similar financial spread betting and CFD products (shares, indices, FX, commodities) to UK retail and professional clients. Closest direct competitor to Spreadex's financials division.
- Plus500: Listed global CFD broker with a large UK retail book, focused on the same leveraged trading customer base. Direct overlap on CFD product mechanics and retail UK regulatory perimeter.
- City Index: Long-established UK spread betting and CFD broker offering shares, indices, FX, and commodities with attached sportsbook. Direct competitor in the dual sportsbook + financial spread betting UK retail category.
Emerging players
- eToro: Multi-asset retail trading and investment platform competing for the same UK retail traders on CFDs and equities, though with a social/copy-trading angle and broader asset coverage that Spreadex does not offer.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Spreadex social profiles
Digital presenceSpreadex compliance and trust
Trust signalCompliance4 records
Spreadex financial estimates
Financial estimateRevenue estimate
Valuation estimate
Spreadex leadership team
Management profileNumber of profiles
Spreadex funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Spreadex M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Spreadex
What does Spreadex do?
Spreadex is a UK-based betting and trading provider offering sports fixed odds betting, sports spread betting, financial spread betting, and CFD trading on global shares, indices, forex, and commodities through its website, dedicated financial trading portal, iOS and Android mobile apps, and telephone trading desks. The company operates a single integrated account model under dual FCA (FRN 190941) and Gambling Commission (account 8835) regulation, and is the only UK firm offering both fixed odds and spread betting on sports alongside leveraged financial trading under one brand.
Is Spreadex a public or private company?
Spreadex is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Spreadex founded?
Spreadex was founded in 1999. It employs 101 to 250 people.
Where is Spreadex based?
Spreadex is headquartered in Saint Albans, United Kingdom, in the Europe region.
How does Spreadex make money?
Six revenue lines are on record. Sports Spread Betting is the primary driver. The others are fixed Odds Sports Betting, financial Spread Betting, CFD Trading, guaranteed Stop Premiums and dividend Income from Equity Holdings.
Who are Spreadex's main competitors?
Broad incumbents on record are Betfair, Bet365, William Hill and Flutter Entertainment. Direct peers are Sporting Index, CMC Markets, IG Group, Plus500 and City Index. eToro is listed as an emerging player.
Does Spreadex have an API?
No public API is recorded for Spreadex.
What industry is Spreadex in?
Spreadex's product category is Sports Betting and Trading Services. Its primary akta.pro industry code is MPAEAIAC, Peer-to-Peer Financial/Spread Betting Exchanges, with a secondary code of MPAEAIAD, In-Play (Live) Betting Exchanges. Its NAICS code is 7132 and its SIC code is 6200.