Traders are invited to login, look for the ‘Market Menu’ on the left hand side and select the “Speed Markets” option. From there traders can select their market, input a stake, select an expiry time and choose whether the market will be above or below the current price at expiry.
You’ll need to be aware that Speed Market bets cannot be closed out before expiry, therefore your profit or loss on the bet will only be payable once the bet has expired. If there has been no change in the market price, Spreadex will refund half of your stake. All bets settle to the mid price-point for the relevant market at the time of expiry. Bets will settle to the number of decimal places seen on the Speed Market deal ticket at the time of placing the bet.
The minimum stake is £15 and this is standard across all of their markets, with time intervals fixed at 1, 2, 5, 15, 30 minutes. A traders risk will amount to the amount staked on the initial trade.
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Spreadex Ltd is a financial and sports spread betting and sports fixed odds betting firm, which specialises in the personal service and credit area. Founded in 1999, Spreadex is recognised as one of the longest established spread betting firms in the industry with a strong reputation for its high level of customer service and account management.
In relation to spread betting, Spreadex Ltd is authorised and regulated by the Financial Conduct Authority. Spread betting carries a high level of risk to your capital and can result in losses larger than your initial stake/deposit. It may not be suitable for everyone, so please ensure you fully understand the risks involved. In relation to fixed odds, Spreadex Ltd is licensed and regulated by the Gambling Commission under licence number 000-008835-R-104580-004.