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.
InstaForex is an online forex broker that offers “instant forex trading” and online trading services to its customers worldwide. According to its website, the relatively new company has been in business since 2007, and it also claims that 300 new traders open accounts with them every day.
|#||Broker's Features||INSTAFOREX Availability||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 compare InstaForex vs 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. InstaForex offers Online Financial Trading and Investment Services Such as Currencies, while Core Spreads offers Currencies, Commodities, Indices, Stocks, Bonds.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. InstaForex is No dealing desk, while Core Spreads is STP.
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. InstaForex is regulated by BVI, while Core Spreads 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.
Account currencies: Next lets consider the Account currencies each broker offers. InstaForex offers different account currencies for each account types, while Core Spreads offers USD, EUR, GBP account currencies.
Languages Available: Next lets have a look at each broker's different Language options. InstaForex offers Arabic, Azerbaijani, Chinese, Farsi, French, Georg, while Core Spreads offers English Customer Support Languages.
Payment methods: Next lets have a look at each broker's payment options. InstaForex offers Credit/Debit Cards, Liberty Reserve, Moneybookers, PerfectMoney different payment methods for each account types, while Core Spreads offers Credit/Debit Cards, Bank Transfer, Skrill, Payoneer payment methods.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, InstaForex makes MT4, MT5 available to clients, while Core Spreads offers MT4, Proprietary.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, Core Spreads is more reliable based on our criteria above. Regulations play a huge role in protecting the traders/investors interest as they compel the financial service providers such as forex brokers to act in a fair and ethical manner. Core Spreads broker is regulated in more major hubs. Core Spreads offers a wider range of Account currencies. Why does base currencies matter? Because if you fund your account in the same currency as your bank account, currency conversion fees won't be charged. As Core Spreads offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.
Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.