1. What is Core Spreads?
  2. Is Core Spreads safe or a scam?
  3. Trading Platform
  4. Fees
  5. Spread
  6. Leverage
  7. Deposits and Withdrawals conditions with a minimum deposit and withdrawal fee
  8. Conclusion

What is Core Spreads?

The Core Spreads as a brokerage company has been established in the UK with the goal to offer the best of possibilities for active traders.

The strategy defined by Core Spreads is built to bring the best value in the industry while minimizing costs by reducing not the “first need” extensions. Their developed proprietary platform brings an honest low pricing as a standard to all clients.

Getting closer to the offering itself, Core Spreads combined years of experience in the market while offering spread betting and CFD trading through the essentials done by tight and fixed spreads, that helping to maximize returns. The market offerings covers the most important instruments bringing availability to trade 30 popular currency pairs at Forex (including Spread Betting for UK residents), vast of Shares, Indices, Commodities and Cryptocurrencies.Core Spreads Review

Awards

Another core side of the company is their service team that is dedicated to giving a personal service traders deserve, what we like is that Core Spreads continuously receives positive feedback from their traders, as well got a valuable award: Best Value Broker 2017 | UK Forex Awards 2017

Is Core Spreads safe or a scam?

Core Spreads is a trading name of Finsa Europe Ltd, a registered company in the UK. Therefore, the broker is subject to the Financial Conduct Authority (FCA) regulation in the UK, which performs some of the strictest rules in the financial market respected worldwide. Under the rules of the Financial Conduct Authority, Finsa Europe Ltd. has a duty to conduct all business with an honest, fair and professional manner and to act in the client’s best interests.

Core Spreads license

How are you protected?

What is more, each customer covered by the Financial Services Compensation Scheme (FSCS) under FCA rules of operation that guarantees clients’ funds up to 50,000 GBP in the unlikely event. Also, funds are always kept separately from the company’s actives, means cannot be used for operational purposes, and are kept in segregated bank accounts at Barclays that secures your account.

Trading Platforms

As for the trading software Core Spreads offering, there is a choice between the proprietary platform CoreTrader2 or to choose known industry platform MetaTrader4. Along with this choice, the pricing strategy has been built between variable or fixed spreads which are diversified by platforms.

The CoreTrader presenting some of the lowest fixed spreads in the market with no commission while performing trading through web or application. The platform features the most important trading needs, without making confusion of numerous expensive tools, hence is fast and reliable software with rapid execution as well a great tool for spread betting clients.

Core Spreads platfrom

The MT4 itself does not need much wording, yet at Core Spreads offering a powerful combination of some of the tightest variable spreads and a low commissions of just 1.5$ per lot for all clients, and of course a comprehensive technical solution through the platform. EAs for automated trading is allowed too, while MT4 is available through the desktop and mobile applications.

Fees

The company sticks not to divide its clients and to offer every client excellent conditions, while the only slight differences may occur on various platforms Core Spreads operate. As has been mentioned, MT4 offers variable spreads and low commission charges, which is great for seamless trading across most traded markets. Yet, while using CoreTrader brings an offer with tight, some of the lowers spreads which are fixed. Therefore, it is a great option that you may choose between the offerings and define what fee strategy will work the best for you.

Core Spreads fees

All clients at Core Spreads are treated as retail clients, however, there is an option to obtain a professional status, which requires experience and significant size of transactions. In reverse you will get a special status with numerous attractive conditions, lower costs and participation into programs.

See below typical trading fees for popular instruments, also compare Core Spreads trading fees to another popular broker HYCM.

Asset/ PairCore Spreads spread
EUR/USD0.6
Crude Oil WTI3
Gold4
BTC/USD70

Leverage

As for the trading leverage conditions, Core Spreads chooses the optimal path to maximize the offering through the leverage which also complies to FCA regulation. In fact, European authorities strictly restrict leverage to a maximum of

  • 1:30 for major currency pairs,
  • 1:20 for minor currencies
  • 1:10 for commodities.  

As well, newly presented by Core Spreads possibility to trade cryptocurrencies brings an opportunity to speculate cryptos with leverage 2.5:1, yet available to only professional traders.

Deposits and Withdrawals

Core Spreads offer for your convenience the most common payment methods while supporting options to fund and withdraw money through Cards payments, wire bank transfers and through e-wallet Skrill.

In addition, there is no minimum deposit requirement for account opening. To make a trade, you just need to deposit what is called ‘margin’, which is effectively money cover in case you lost money on the trade instead of gain. The margin needed on the account is a percentage of the notional value of the trade, sometimes this can be less than 1%.

Core Spreads funding

As for the transaction fees, involving card deposits and transfers do not incur any charges from the company for both deposits and withdrawals. Yet, you should always check with your payment provider in case any fees are waived from your side.

Conclusion

One of the main attractive features of Core Spreads is their spreads offering, which they have managed to provide on a competitive basis along with an option to choose either fixed or floating spreads. The company does not offer learning materials or didn’t include sophisticated tools, but brings clear and transparent trade processing.

Moreover, their strict regulation through FCA rules implies trustworthy cooperation and safety of the money you put into the trading. Overall, Core Spreads broker can be a good choice for new traders since there is no deposit requirement and fixed spread along with clear platforms and support provided.

So, the conclusion is the same as company positioning – no noise, just tight spreads on thousands of markets. We will be glad, however, to know your personal opinion about CoreSpreads which you may comment below.

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