Core Spreads is an online Contract for Difference (CFDs) and spread betting platform that is owned and managed by Finsa Europe Ltd. Based in the United Kingdom, Finsa Europe Ltd’s head office is located at Tower Bridge Business Centre, 46 – 48 East Smithfield, London.
|#||Broker's Features||CORE SPREADS Availability|
|#||Accepts US traders||❌|
|#||24 hour trading||❌|
|#||Trading by phone||❌|
|#||1st deposit bonus||❌|
|#||Forex contests competitions||❌|
|#||Interest charges on the balance||❌|
|#||24 hour support||✔|
The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review Core Spreads.
Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. Core Spreads offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Bonds.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. Core Spreads is STP.
Core Spreads allows you to execute a minimum trade of 1. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As Core Spreads offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades. Core Spreads also offers a number of useful risk management features, such as Guaranteed Stop Loss Orders, price alerts and much more.
Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. Core Spreads recommended minimum capital is $0.
Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Core Spreads is regulated by ASIC, FCA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.
Investor Protection & Regulations: Core Spreads is regulated by the FCA under the registration number 525164. The FCA is one of the most prestigious financial regulatory agencies in the world. It is also recognized as being one of the strictest regulatory bodies in Europe with a serious enforcement bite.
Account currencies: Next lets consider the Account currencies each broker offers. Core Spreads offers USD, EUR, GBP different account currencies for each account types.
Account Openning: Trading accounts at Core Spreads can be either a CoreTrader2 account or a Core MT4 account. You can also run both platforms in parallel with each other. CoreTrader2 is used for spread betting whereas the Core MT4 platform is for CFD trading.
Core Spreads offers a demo account for practicing trading skills and get familiar with the broker’s trading platform.
Languages Available: Next lets have a look at each broker's different Language options. Core Spreads offers English.
Payment methods: Next lets have a look at each broker's payment options. Core Spreads offers Credit/Debit Cards, Bank Transfer, Skrill, Payoneer different payment methods for each account types.
Deposit and withdrawal: For deposits and withdrawals, the supported methods that can be used funding and withdrawing from the accounts include major credit cards such as VISA, American Express and MasterCard. Bank wire transfer is also available for traders who do not have a credit card. Core Spreads does not charge their clients any fees for making a deposit or making a withdrawal.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Core Spreads makes MT4, Proprietary available to clients.
Web & Desktop Trading Platforms: As for trading platforms, Core Spreads’ clients are given a choice of two powerful trading platforms, the CoreTrader2 and the Core MT4 platform.
Mobile Trading Platforms: Both the CoreTrader2 and the Core MT4 platforms are available as mobile trading apps as well. These apps provide traders who want to trade the financial markets whenever they want with the mobility which they need. Both are available as an Android-based app, which traders can download from Google Play Store. For iPhone and iPad users, they can download the app from Apple’s App Store free of charge.
Customer support service at Core Spreads is on a 24/5 basis from Sunday 22:00 (GMT) to Friday 22:00 (GMT). Traders can contact the Support Team either through live chat, email or calling them on the telephone.
From our observations, the key benefits that traders will have with Core Spreads are the tight, fixed spreads which the broker is offering. However, it should be noted that this is achieved by eliminating many of the expensive tools which most brokers in the industry are offering for free to their traders.
With regulatory oversight provided by the FCA, Core Spreads’ clients have no reason to doubt the reliability of this broker. Founded in late 2014, Core Spreads has been around for a few years now and to date there has been no negative feedback about them on the internet.
Core Spreads is geared more towards beginner traders rather than experienced traders.