Spreadex commenced trading in 1999 in
Dunstable,
Bedfordshire. It was founded by former City dealer Jonathan Hufford with the intention of making
spread betting more accessible. The business relocated to
St Albans,
Hertfordshire in February 2008. In May 2006, Spreadex launched an online sports betting service and soon after launched a financial online trading platform. In May 2010, the company launched a fixed odds sports betting service allowing bets to be placed in both fractional and decimal format. Over the following years, Spreadex continued to enhance its digital offerings, introducing mobile-compatible platforms to improve user accessibility. The company also expanded its range of financial instruments, catering to a broader audience of retail traders. Spreadex was listed in the
Sunday Times PriceWaterhouseCoopers
Profit Track 100 for three years in succession. In 2006, Spreadex finished 34th; in 2007, they finished 23rd, and in 2008, they finished in 49th place. In June 2011, Spreadex acquired the client database of extrabet, the sports betting arm of
IG Group. This was followed in January 2012 by the purchase of the client database of bankrupt company
MF Global Spreads, and by the purchase of the non-equities business of rival spread betting firm Cantor Index in March 2013. Due to an ever-expanding customer base, in September of 2013 Spreadex penned a £1.2m private cloud deal with Computacenter to improve the stability and security of its trading platforms. In October 2014, to accommodate the firm's growing workforce, Spreadex moved to a larger, newly-refurbished office in St Albans called Churchill House. Spreadex has won numerous awards since its inception, including Best Spread Betting Provider at the 2016, 2018 and 2020 City of London Wealth Management Awards; Best Mobile Trading Platform and Best Trading Alerts System at the 2020 ADVFN Awards; Best Spread Betting Provider at the 2019 Good Money Guide Awards; and Best Spread Betting Operator at the 2017 and 2020 EGR Awards. This as well as Best Customer Service in the 2013, 2014, 2015 and 2017 Investment Trends Report. In 2017, Spreadex was also listed by the
Financial Times Europe as one of the top 1000 fastest growing companies in the continent. Most recently, Spreadex were also voted the City of London Wealth Management Awards Best Spread Betting Provider 2024 and Best Spread Betting Platform at the 2024 ADVFN International Finance Awards. ==Operations==