Core Spreads Review
Regulation: FCA, ASIC
Min. Deposit: $0
Platforms: CoreTrader, CoreMT4
Found in: 2014
Regulation: FCA, ASIC
Min. Deposit: $0
Platforms: CoreTrader, CoreMT4
Found in: 2014
Core Spreads is a spread betting and CFD trading broker offering Forex in over 30 currency pairs, indices, shares, commodities, and more.
The brokerage company was established in the UK with the goal of offering different trading opportunities for active traders. Their developed proprietary trading platform brings competitive pricing as a standard to all clients.
Core Spreads has also registered offices in Sydney, and operates under the name of Trade Nation Australia Pty Ltd, authorized and regulated by ASIC (AU).
The broker combined years of experience in the market while offering spread betting and CFDs through the essentials done by tight and fixed spreads, helping to maximize returns.
In addition, there is another Forex trading company Trade Nation which was established under the name of Core Spreads and currently provides its services globally.
Core Spreads is a reliable broker with FCA license and transparent conditions. There is an easy account opening process, spreads are among the lowest in the industry with fixed or floating proposals.
For the Cons, the instrument range is rather limited, and there is no 24/7 customer support.
|Regulated broker with a strong establishment||No 24/7 customer support|
|FCA license and overseeing|
|Competitive trading costs and spreads|
|Quality customer support|
|🗺️ Regulation||FCA, ASIC|
|🖥 Platforms||CoreTrader, CoreMT4|
|📉 Instruments||CFDs, Forex (including Spread Betting for UK residents), Shares, Indices, and Commodities|
|💰 EUR/USD Spread||0.7 pips|
|🎮 Demo Account||Available|
|💳 Minimum deposit||$0|
|💰 Base currencies||USD, EUR, GBP|
|📚 Education||Market news and analysis, trading insights|
|☎ Customer Support||24/5|
Core Spreads is considered a good broker with safe and favorable trading conditions with transparency. The broker offers a range of trading services designed for all level traders with no initial deposit amount. Core Spreads is available in many countries, so traders can sign in also with the lowest spreads.
|Ranking||Core Spreads||LCG||Capital Index|
|Advantages||Spreads||Trading Platforms||Trading Conditions|
Core Spreads offers good trading conditions, a range of trading instruments, also competitive trading spreads and fees. However, there are a number of other brokers that offer similar services. Here are some of the best alternatives to Core Spreads:
Core Spreads is an award-winning broker with competitive trading conditions. The broker has also garnered collective recognition from industry leaders many times.
No, Core Spreads is not a scam. It is the trading name of Trade Nation Financial UK Ltd, which is a registered company in the UK and is considered a low-risk trading company.
Yes, Core Spreads is a legit and regulated broker.
The broker is subject to FCA (UK) and ASIC (Australia) regulations which perform some of the strictest rules in the financial market respected worldwide.
See our conclusion on Core Spreads Reliability:
|Core Spreads Strong Points||Core Spreads Weak Points|
|Regulated broker with FCA license||None|
|Negative balance protection|
Each customer is covered by the Financial Services Compensation Scheme (FSCS) under FCA rules of operation that guarantee clients’ funds up to 50,000 GBP. Also, funds are always kept separately in a segregated account, which means cannot be used for operational purposes.
Moreover, Core Spreads provides its clients with negative balance protection to guarantee that they will never lose more than they have in their accounts.
Since Core Spreads delivers its service through sharp respective regulatory guidelines of FCA and ASIC the allowed leverage levels depend on the specific conditions the regulation provides. So Core Spreads Leverage is offered according to the FCA and ASIC regulations:
Core Spreads has one account type. The company sticks not to dividing their clients and to offer every client good conditions.
Of course, in the beginning, any trader can open a risk-free demo account with Core Spreads.
|Fast account opening||None|
|No minimum deposit amount requirement|
|Demo account is available|
|Account base currencies GBP, EUR, USD|
Opening an account with Core Spreads is quite easy. You should follow the opening account or sign-in page and proceed with the guided steps:
The market offerings cover the most important instruments bringing availability to trade CFDs on 30 popular currency pairs at Forex (including Spread Betting for UK residents), Shares, Indices, and Commodities.
Core Spreads pricing offers variable spreads and low commission charges. All clients at Core Spreads are treated as retail clients, however, there is an option to obtain a professional status, which requires experience and a significant size of transactions. In reverse you will get a special status with numerous attractive conditions, lower costs and participation in programs.
Also, consider overnight fee or swap as a trading cost, as in case you hold an open position longer than a day various fees are applicable. If the index, equity, or commodity position is long, the broker charge 1 month LIBOR plus 2.5%.
|Fees||Core Spreads Fees||InterTrader Fees||Capital Index Fees|
|Fee ranking||Low||Low, Average||Low, Average|
Core Spreads spreads offer tight and some of the lowest spreads based on our findings, also offering fixed spreads on some accounts or instruments. Based on our finds the average spread for EUR/USD is 0.7 pips, which is considered slightly lower than the industry average.
|Asset/ Pair||Core Spreads Spread||InterTrader Spread||Capital Index Spread|
|EUR USD Spread||0.7 pips||0.6 pips||1.1 pips|
|Crude Oil WTI Spread||3 pips||3 pips||7|
|BTC USD Spread||0.70%||0.60%||-|
Core Spreads offers its clients the most common payment methods including Cards payments, wire bank transfers, and e-wallets.
Here are some good and negative points for Core Spreads funding methods found:
|Core Spreads Advantage||Core Spreads Disadvantage|
|$0 is a first deposit amount||None|
|No internal fees for deposits and withdrawals|
|Fast digital deposits, including Credit/Debit Cards|
|Multiple Account Base Currencies|
In terms of funding methods, Core Spreads offers the following payment methods:
There is no minimum deposit requirement for Core Spreads account opening. To make a trade, you just need to deposit a ‘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 minimum deposit vs other brokers
|Core Spreads||Most Other Brokers|
Core Spreads withdrawals similar to deposits are Bank Wire and Card payments. 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.
Core Spreads offers its proprietary trading platform CoreTrader. The platform presents some of the lowest fixed spreads in the market with no commission while performing trading through the web, desktop, and application. It is fast and reliable software with rapid execution as well as a great tool for spread betting clients.
For its Australian clients, the broker also offers CoreMT4 trading platform for CFD trading, available via desktop and mobile.
|Platforms||Core Spreads Platforms||InterTrader Platforms||Capital Index Platforms|
Core Spreads provides 24/5 customer support to its clients. Phone lines, Live chat, and Email are also available here.
See our find and ranking on Customer Service Quality:
|Quick responses||No 24/7 customer support|
|Availability of live chat, phone lines, and email|
Core Spreads provides market news and analysis, and trading insights in the blog section of the website.
For final thoughts, one of the main attractive features of Core Spreads is its spread offering, providing a competitive basis along with an option to choose either fixed or floating spreads. However, the broker does not offer learning materials or didn’t include sophisticated tools, but brings transparent trade processing.
Based on Our findings and Financial Expert Opinions Core Spreads is Good for:
No news available.