Top Options
95/ 100
Type of Broker: CFD, Spread Betting
Regulated: FCA Regulated
Min Deposit: $10
Min Trade Amount: 0.01 pips
US Clients:
Bonus: 50% Welcome Bonus
Number of Assets: 2000+
Leverage: up to 1:175
Free Demo Account:
Trading Platform: MT4, CoreTrader
Types of assets: Currencies, Equities, Indices, Commodities, CFDs
Payment METHOD NAME Charge Time
Credit Card 8-10% 3-4 days
Debit card 1-5% 4-5 days
Fast Bank Transfer 1.5% 2-3 days
Swift 8-10% Immediately

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Full Review

Introduction

CoreSpreads is a Spread Betting and CFD trading brand owned and operated by Finsa Europe Ltd, upon which it is also an appointed representative.

Finsa Europe Ltd is a company registered in England and Wales under number 07073413. It is under the regulation of UK’s Financial Conduct Authority (FCA). Its headquarters are located at Tower Bridge Business Centre, 46 – 48 East Smithfield, in London E1W 1AW, United Kingdom.

Promotions

CoreSpreads offers its traders opportunities to receive up to 50% welcome bonus upon signing up and trading for one month.

Traders can also benefit by referring their friends to the platform upon which you receive GBP 200. You and your friend also receive 5,000 core spreads points which can be used to boost you Loyalty Scheme rebate levels.

Trading Platforms

Traders at CoreSpreads can choose to trade via a variety of platforms. Currently, the broker offers three types of trading platforms, which come with various trading features and tools.

CoreTrader Trading Platform (Online/WebTrader, Mobile)

This is a fixed spread platform which allows traders to participate in Spread Betting. There is no CFD trading on this platform. Traders can trade in up to 34 currency pairs, 16 indices, and 5 commodities. No commissions charged for trading via this platform.

They are also able to trade in more than 950 UK equities, more than 500 UK equities and more than 100 European Equities. The platform is accessible online and there is no need to download/install software. This platform is also available via mobile devices including tablets and smartphones and also qualifies for the Loyalty Scheme for rebates.

Traders also have access to the one click demo account as well as, the sign up demo account and can do analysis using customizable charts. However, there is no Autotrading via EAs and no One Click trading as well. Customer support is accessible 24 hours a day, 5 days a week and the minimum order level is set at 1 USD/EUR/GBP.

Core MT4 Fixed Spread Trading Platform (Desktop, Mobile)

This is another fixed spread trading platform, but unlike the case of CoreTrader, traders must download and install this platform on a desktop computer. This platform allows traders to trade in CFDs only and there are no commissions charged for trading.

Traders can trade in 14 indices, 39 currency pairs, and 4 commodities, but there is no shares trading on this platform. There is also no access to the one click demo account, but the sign up demo is available along with most of the features listed under CoreTrader platform (24/5 support, Welcome Offer, Loyalty Scheme-rebates, Mobile platform and customizable charts).

In addition, traders also have access to One Click trading and autotrading via EAs, while the minimum order level is set at 0.01 (Micro lots).

Core MT4 Variable Spread Trading Platform (Desktop, Mobile)

This trading platform is pretty similar to Core MT4 Fixed, but there are a few differences. For instance, spreads are variable on this platform, which also unlike the other two platforms attracts commissions for trading on Equities, FX, Gold (AU) and Silver (AG).

In addition, traders can trade in 14 indices, 39 currencies and 13 commodities, as well as, 112 UK Equities, 86 US equities and 99 European Equities.

The rest of the features/trading tools are pretty the same as what you would find when using the Core MT4 Fixed trading platform.

Spreads and Margin

CoreSpreads is one of the best brokers when it comes to offering tight spreads. This broker offers spreads less than 1.00 in the most traded assets including 0.80 for trading the UK100, 0.70 for trading EUR/USD, and 0.90 for trading GBP/USD currency pair.

These figures compare to the average spread charged by industry rivals, which are estimated at 1.00 for UK100, 0.98 for trading EUR/USD, and 1.42 for trading GBP/USD.

Now, while there are no commissions on fixed spread trading, traders operating on variable spreads account are charged commissions. FX, equities, gold and silver markets are quoted clean (commission not included in the spread).

For FX, gold and silver traders pay a commission of £1.00, €1.30 or $1.50 per lot per leg, respectively. For UK and EU equities, the commission is set at 0.05% (5bps) per leg while for US shares its 2 cents per leg. The MT4 platform bundles both the opening and closing commissions onto the opening leg of a transaction. Other charges may include up to 2.5% charge for overnight financing and Swaps on CFD trading.

Margin on CFD trading at Core Spreads varies depending on the asset being traded. For instance, UK100 which has the best rate has a margin of 1:175. Low liquidity assets attract lower margins.

Other Trading Tools and Resources

Core Spreads offers its traders various glossaries for trading CFDs and Spread Betting. Most of them are introductory and explanatory, but nothing goes into depth.

However, they do have a list of recommended platforms where traders can access additional services for trading purposes.

Deposits and Withdrawals

Traders at Core Spreads can deposit/withdraw funds in their accounts via Debit/Credit card or Bank Transfer.

The minimum deposit amount via Credit/debit card is set at USD/EUR/GBP 10 while there is no minimum for Bank Transfers. Credit Card deposits do attract 1% charge, but no Charge for Debit Card deposits. Client funds are held at segregated accounts at Barclays Bank.

Traders must verify their identities/physical address and credit/debit card ownership before making their first withdrawal.

Support

Traders at Core Spreads can contact support via Telephone, Email, or Live Chat/Contact form.

Email: [email protected]

Telephone: International +44 203 475 4830