Core Spreads Review
Core Spreads is an independent, low-cost online financial spread betting and CFD company based in London. Launched in 2014, this FCA-regulated broker was set up to offer traders a simple, no-frills trading platform, along with tight, fixed spreads on a wide range of markets. This different, streamlined business model has been greatly received by value-conscious traders. Core Spreads does not accept clients from the US.
This company offers two great platforms: CoreTrader and Core MT4. CoreTrader is their web and app based spread betting platform offering fixed spreads across thousands of markets, and Core MT4 is their MT4 solution (downloadable to desktop and app) available with variable spreads.
Commissions & spreads
With this broker, all CoreTrader 2 spreads are tight and fixed resulting in excellent value for traders. EUR/USD is fixed at 0.7 pips, UK100 0.8pips and GBP/USD is fixed at 0.9 pips.
In terms of commission, there is no commission on the CoreTrader platform. On the Core MT4 variable spread platform there is a commission of £1 per lot, again offering excellent value.
Core Spreads understands the importance of a reliable and easy-to-use trading platform, and offers two platforms to choose from. Core Trader is a web and app-based platform that is simple to navigate, fast and reliable. This platform allows clients to spread bet Indices, FX, commodities and a range of shares.
The other trading platform is the popular MT4, or Core MT4 as it’s known at Core Spreads. MT4 is downloadable to desktop and app, and is used globally within financial trading. The primary reason for its popularity is the ability to customise the platform to suit individual needs, and also its range of charting tools and technical analysis.
Deposits & Withdrawals
Funding and withdrawing money from your trading account need not be complicated. Core Spreads sticks to this ideal and there are several methods for making a deposit and withdrawing money. These include using a debit card, credit card or completing a bank transfer.
Core Spreads offers excellent customer support, 24/5 via telephone, live chat and email.
Regulators & Safety
Treating customers fairly and ensuring that clients trade with complete peace of mind are at the forefront of Core Spreads’ business. Customer funds are held in segregated, ring-fenced bank accounts, completely separate from Core Spreads money. Core Spreads is also FCA-regulated in the UK so their customers are covered by the Financial Services Compensation Scheme (FSCS). All this means you can concentrate on your trading, knowing your cash is completely safe.
Leverage is the difference between the margin put up by a trader and the actual notional value of a trade. Core Spreads currently offers leverage of 1:200.
Sign up bonuses
Core Spreads offers a unique sign up bonus – an uncapped welcome bonus up to 50% of your first month’s spread and commission (T&Cs apply). There are no complicated release criteria, the bonus is yours to use as you wish! Please note, this offer is only available on the spread betting platform.
Financial spread bets and CFD trades are leveraged products, which means you could lose more than you deposit. You should ensure financial trading meets your investment objectives. Full risk warning.
Core Spreads Ltd is an appointed representative of Finsa Europe Ltd (a company registered in England and Wales under number 07073413) which is authorised and regulated by the Financial Conduct Authority (under firm reference number 525164). Core Spreads is a trading name of Finsa Europe Ltd.