Spreadex Ltd.
- Founded
- 1999-01-01 in Dunstable, Bedfordshire, England
- Headquarters
- St Albans, Hertfordshire, England
- info@spreadex.com
- Phone
- +44 1727-895151
Spreadex Ltd. is a British privately-held company that uniquely combines sports betting and financial trading under one account. Founded in 1999 by former City of London trader Jonathan Hufford, the company was initially based in Dunstable, Bedfordshire, before relocating its headquarters to St Albans, Hertfordshire. Spreadex is dual-regulated: its financial spread betting and CFD products are authorised by the Financial Conduct Authority (FCA), while its fixed-odds sports betting and casino operations are licensed by the Gambling Commission. The company launched an online sports betting service in 2006, added a financial trading platform, and introduced fixed-odds sports betting in 2010. It has expanded through strategic client acquisitions from IG Group’s Extrabet (2011), MF Global Spreads (2012), and Cantor Index (2013). Spreadex has received industry recognition including “Best Spread Betting Platform” at the ADVFN International Finance Awards (2025, 2026) and “Best Broker for Customer Service” at the Investment Trends Leverage Trading Awards (2025). In May 2024, the company integrated its spread-betting products with TradingView. As of 2025, the company employs between 51 and 200 people and serves over 60,000 active traders. Its hybrid model – offering both sports spread betting/fixed-odds and financial spread betting/CFDs – distinguishes it as the only UK firm to combine both betting types in one account.
Detailed Review
History
Spreadex was founded in 1999 by Jonathan Hufford, a former City of London trader, and was first based in Dunstable, Bedfordshire. The company later moved its headquarters to St Albans, Hertfordshire. Hufford served as CEO until 2021, when he stepped down to become a non-executive director. Under his leadership, Spreadex grew from a financial spread betting specialist into a dual-facing firm offering both sports and financial products.
Business Model
The company generates revenue through the spread on financial bets and sports wagers, as well as through commissions on CFD trades. Its key differentiator is the single account structure: clients can use the same funds to place a fixed-odds sports bet, a sports spread bet, or a financial spread bet on indices or shares. Spreadex is regulated by both the FCA and the UK Gambling Commission, which gives it credibility and allows it to offer tax-free financial betting (profits are free from capital gains tax and no stamp duty is incurred).
Products and Platforms
Spreadex operates a proprietary trading platform available on web, iPad, iPhone, and Android, featuring advanced charting, automated chart patterns, price alerts, and advanced order types such as Force Opens. The platform integrates sports spread betting (where winnings depend on the accuracy of the prediction relative to the spread), fixed-odds sports betting (covering football, horse racing, tennis, F1, and more, with BetBuilder and live streaming), financial spread betting, and CFD trading on thousands of global assets including indices, shares, forex, commodities, and bonds. The company also offers an online casino and options trading. In May 2024, Spreadex added TradingView integration, allowing clients to execute spread bets directly from TradingView charts.
Market Position
Spreadex is the only UK firm that combines sports spread betting, fixed-odds sports betting, and financial spread betting under one account. It competes with specialist sportsbook operators and financial brokers, often being cited as a hybrid. It has grown through strategic acquisitions of client books from IG Group’s Extrabet (2011), MF Global Spreads (2012), and Cantor Index (2013). As of 2025, it serves over 60,000 active traders and has won multiple awards for its platform and customer service. The company also sponsors sports events, including a partnership with Millwall FC and sponsoring over 22 UK horse racing courses.
Recent Developments
In 2024, Spreadex integrated with TradingView, a major step to attract chart-using traders. The company’s FY2025 results showed flat revenue and profit compared to the prior year, according to Finance Magnates, but it remains privately held and profitable. The leadership structure now consists of Managing Director Tom Salmon for Spreadex Trading, with no current group CEO publicly listed.
Key Products
Sports Spread Betting
Bets on variable outcomes (e.g., total goals in a football match), with profits/losses determined by how accurate the prediction is relative to the spread set by the bookmaker.
Fixed-Odds Sports Betting
Traditional fixed-odds betting on a wide range of sports including football, horse racing, tennis, and F1; features BetBuilder, Price Boosts, live streaming, and multiple cash-out options.
Financial Spread Betting
Tax-free betting on the direction of financial markets (indices, shares, forex, commodities, bonds). Profits are free from capital gains tax and no stamp duty is incurred.
Contracts for Difference (CFD) Trading
Leveraged trading on thousands of global assets, allowing profit from both rising and falling prices, available alongside spread bets from the same account.
Casino
A range of online casino games regulated by the Gambling Commission.
Options Trading
Financial options available through the trading platform.
Proprietary Trading Platform
A custom-built, fully customisable platform available on web, iPad, iPhone, and Android; includes advanced charting, automated chart patterns, price alerts, and advanced order types such as Force Opens.
TradingView Integration
From May 2024, clients can trade spread bets directly through TradingView charts.
Offices & Headcount
150 employees (approx.)
Key Persons
- Jonathan Hufford
Founder & Former CEO, current Non-Executive Director
- Tom Salmon
Managing Director of Spreadex Trading