Core Spreads Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- FCA
- 2014
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- FCA
- 2014
Our Evaluation of Core Spreads
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Core Spreads is a broker with higher-than-average risk and the TU Overall Score of 4.64 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Core Spreads clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
Core Spreads is an app for manual mobile trading, where trades are opened in a few clicks. It is mostly suitable for novice traders.
Brief Look at Core Spreads
Core Spreads is regulated by the FCA 525164 (Financial Conduct Authority) and complies with the ESMA (European Securities and Markets Authority). Core Spreads provides fixed narrow spreads and access to thousands of financial markets offering two dynamic trading platforms. It is one of the leading brokerages with beneficial trading conditions.
- Licensed by FCA (UK), one of the most reputable regulatory authorities in the world.
- Fixed spread regardless of market volatility.
- The type of trading organization (spread betting) allows for optimizing taxes. For example, income from spread betting is not taxed in the UK.
- The broker offers only one platform titled CoreTrade, which is not available in the desktop version and does not support algorithmic trading.
- Lack of information about trading conditions in open access.
Core Spreads Summary
💻 Trading platform: | MT4, CoreTrader |
---|---|
📊 Accounts: | CoreTrader, CoreMT4 |
💰 Account currency: | USD, GBP, EUR |
💵 Replenishment / Withdrawal: | Credit/Debit Cards, Bank Transfer |
🚀 Minimum deposit: | No minimum deposit |
⚖️ Leverage: | 1:30 |
💼 PAMM-accounts: | No |
📈️ Min Order: | 0.01 |
💱 Spread: | From 0,6 p |
🔧 Instruments: | Forex, Shares, Indices, Commodities |
💹 Margin Call / Stop Out: | 100%/50% |
🏛 Liquidity provider: | No |
📱 Mobile trading: | No |
➕ Affiliate program: | Yes |
📋 Orders execution: | Market Execution, Instant Execution |
⭐ Trading features: | No |
🎁 Contests and bonuses: | No |
Core Spreads Key Parameters Evaluation
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Commissions and fees
Account type | Spread (minimum value) | Withdrawal commission |
---|---|---|
single | USD 6 | n/a |
Average floating spreads on the EUR/USD pair charged by competitors are shown below for comparison.
Broker | Average commission | Level |
---|---|---|
|
$6 | |
|
$1 | |
|
$1.5 |
Investment Options
The broker’s development policy does not envisage investment programs.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Core Spreads Partnership program
The broker offers a reward of up to USD 700 for conversion (registration of users who followed the referral link to access the broker’s website and opened an account). The offer is interesting for website and online business owners. For institutional partners, the broker offers access to increased liquidity.
Comparison of Core Spreads with other Brokers
Core Spreads | RoboForex | Pocket Option | Exness | XM Group | Tickmill | |
Trading platform |
MT4, CoreTrader | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MT5, MobileTrading, XM App | MT4, MT5, Tickmill Mobile App |
Min deposit | No | $10 | $5 | $10 | $5 | $100 |
Leverage |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:30 |
From 1:1 to 1:500 |
Trust management | No | No | No | No | No | Yes |
Accrual of % on the balance | No | No | No | No | No | No |
Spread | From 0.6 points | From 0 points | From 1.2 point | From 1 point | From 0.6 points | From 0 points |
Level of margin call / stop out |
100% / 50% | 60% / 40% | 30% / 50% | No / 60% | 100% / 50% | 100% / 30% |
Execution of orders | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
No deposit bonus | No | No | No | No | No | $30 |
Cent accounts | No | Yes | No | No | Yes | No |
User Satisfaction