In relation to financial and sports spread betting, Spreadex Limited is authorised, regulated and registered by the Financial Conduct Authority (FCA), registration number 190941. The Financial Conduct Authority is based at 12 Endeavour Square, London E20 1JN and http://www.fca.org.uk/. In placing a spread bet, you are entering into a contract which is legally enforceable by virtue of section 412 (or any other superseding section) of the Financial Services and Markets Act 2000.
In relation to fixed odds and casino, Spreadex Ltd is licensed and regulated in Great Britain by the Gambling Commission under licence no 8835. Spreadex Ltd supports Responsible Gambling.
In relation to casino betting outside of Great Britain, Spreadex Ltd is operating under an Alderney Gambling Control Commission approved Business Association with AGCC Class II License Holder, Net Entertainment Alderney Ltd, License #084.
In relation to your spread betting ledger:
Spreadex is authorised and regulated by the UK Financial Conduct Authority (FCA) and as such we are subject to the FCA’s client money rules when we receive and handle funds belonging to our clients. The purpose of the client money rules is to ensure that an authorised firm provides adequate protection for funds which it holds for its clients by requiring on a mandatory basis the separation of client funds from the firm’s own funds, other than in limited prescribed circumstances.
This mandatory separation of our clients’ funds from our own proprietary funds is achieved by our holding funds which our clients pay over to us in a segregated bank account which our bankers have acknowledged to be a client money account. Our client money account is currently held with Barclays Bank plc.
By operation of the FCA’s client money rules the client funds which we hold in that account is subject to the terms of a trust which applies automatically by virtue of section 139(1) of the Financial Services and Markets Act 2000. That trust arrangement creates a fiduciary relationship between Spreadex and its clients under which client funds held in the client money account maintained by Spreadex in its own name remain in the beneficial ownership of the clients according to their respective pro rata interests in it. Consequently money which we hold for our clients in our client money account would not be used to satisfy the claims of any other creditors of Spreadex.
The FCA’s client money rules prescribe the way in which, and the extent to which, funds are held in a client money account would be returned to clients in the event of the failure of the firm holding those funds for its clients or the bank at which a particular client money account is maintained.
Please be assured that Spreadex takes its regulatory obligations very seriously. In particular, in accordance with our obligations under the FCA’s client money rules we have taken the appropriate steps to provide client money protections for our clients.
In relation to your fixed odds ledger:
Any monies held on your fixed odds account are held as trustee in a segregated bank account at Barclays or Lloyds. Under the guidelines of the Gambling Commission your fixed odds balance will receive "medium protection."
If you have any further questions about our client money arrangements, please call us on 01727 895 000.
Bank: Barclays Account Number: 70370320Sort Code: 20-06-05You may deposit funds in a different currency to the one your account is denominated in and the f/x conversion will be made at Barclays’ prevailing retail rate.
Email:
info@Spreadex.com
Sports Desk:
08000 526 575
+44 (0)1727 895 090
General Enquiries:
+44 (0)1727 895 000