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||SWISSQUOTE 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 Swissquote 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. Swissquote offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Bonds, 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. Swissquote is Bank, Dealing Desk, Market Maker, 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. Swissquote is regulated by DFSA, FINMA, SFC, 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. Swissquote 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. Swissquote offers Arabic, Chinese, English, French, German, Italian,, while Core Spreads offers English Customer Support Languages.
Payment methods: Next lets have a look at each broker's payment options. Swissquote offers Credit/Debit Cards, Bank Wire Transfer 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, Swissquote makes Advanced Trader, 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, Swissquote is more reliable based on our criteria above. Swissquote has a wider range of instruments to trade giving you the flexibility to get access and exposure to a wide range of markets. 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. Swissquote broker is regulated in more major hubs. Swissquote offers a wider range of platforms making it easier for the traders to choose one that matches their needs most. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. Swissquote has a wider range of languages in which customer service is offered making the broker more accessible. As a market maker, Swissquote may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.
Swissquote scores high on safety with being a listed Swiss broker having a banking license. You can access a lot of markets and products including bonds, and funds. Its account opening is fully digital
Swissquote's fees are high. Its trading platform is overcomplicated, and the better part of its research is not free.
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.