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Core Spreads Review 2024
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Summary of Core Spreads Trading Company
Core Spreads is a broker with higher-than-average risk and the TU Overall Score of 4.07 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 ranks 149 among 395 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
Core Spreads is an app for manual mobile trading, where trades are opened in a few clicks. It is mostly suitable for novice traders.
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.
💰 Account currency: | USD, GBP, EUR |
---|---|
🚀 Minimum deposit: | No minimum deposit |
⚖️ Leverage: | 1:30 |
💱 Spread: | From 0,6 p |
🔧 Instruments: | Forex, Shares, Indices, Commodities |
💹 Margin Call / Stop Out: | 100%/50% |
👍 Advantages of trading with Core Spreads:
- 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.
👎 Disadvantages of Core Spreads:
- 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.
Evaluation of the most influential parameters of Core Spreads
Geographic Distribution of Core Spreads Traders
Popularity in
User Satisfaction i
- Best
- Last
- Oldest
Dynamics of Core Spreads’s popularity among
Traders Union’s traders, according to 2023 data
Investment programs of Core Spreads
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.
Trading Conditions for Core Spreads Users
💻 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 |
Comparison of Core Spreads with other Brokers
Core Spreads | RoboForex | Exness | FxPro | Tickmill | FxGlory | |
Trading platform |
MT4, CoreTrader | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MobileTrading, MT5, cTrader, FxPro Edge | MT4, MT5, Tickmill Mobile App | MT4, MobileTrading |
Min deposit | No | $10 | $10 | $100 | $100 | $1 |
Leverage |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:500 |
From 1:1 to 1:3000 |
Trust management | No | No | No | No | Yes | No |
Accrual of % on the balance | No | No | No | No | No | 8.00% |
Spread | From 0.6 points | From 0 points | From 1 point | From 0 points | From 0 points | From 2 points |
Level of margin call / stop out |
100% / 50% | 60% / 40% | No / 60% | 25% / 20% | 100% / 30% | 20% / 10% |
Execution of orders | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution | Market Execution | Instant Execution, Market Execution |
No deposit bonus | No | No | No | No | $30 | No |
Cent accounts | No | Yes | No | No | No | No |
Broker comparison table of trading instruments
Core Spreads | RoboForex | Exness | FxPro | Tickmill | FxGlory | |
Forex | Yes | Yes | Yes | Yes | Yes | Yes |
Metalls | No | Yes | Yes | Yes | Yes | Yes |
Crypto | No | No | Yes | Yes | Yes | No |
CFD | Yes | Yes | Yes | Yes | Yes | Yes |
Indexes | Yes | Yes | Yes | Yes | Yes | No |
Stock | Yes | Yes | Yes | Yes | Yes | No |
ETF | No | Yes | No | No | No | No |
Options | No | No | No | No | No | No |
Core Spreads Commissions & 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 |
Core Spreads | $6 | High |
RoboForex | $1 | Low |
IC Markets | $1.5 | Medium |
Contacts
Foundation date | |
Registration address | 9th Floor, 30, Crown Place, London EC2A 4ES |
Regulation |
FCA Licence number: 525164 |
Official site | corespreads.com |
Contacts |
Email:
support@corespreads.com,
Phone: 0800 862 0780, +44 203 475 4830 |
User Reviews of Core Spreads i
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FAQs
Do reviews by traders influence the Core Spreads rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Core Spreads you need to go to the broker's profile.
How to leave a review about Core Spreads on the Traders Union website?
To leave a review about Core Spreads, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about Core Spreads on a non-Traders Union client?
Anyone can leave feedback about Core Spreads on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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