Core Spreads Review 2024
Regulation:
  • FCA
Bonus for deposit:
  • 0%

Core Spreads Review 2024

Updated: October 06, 2023
Updated: October 06, 2023

4.07

/

10

TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
Regulation:
  • FCA
Bonus for deposit:
  • 0%

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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

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

3.71

/10

Regulation and safety The score for this parameter is based on the licenses a company holds. The higher the level of the license, the higher the score. Obtaining licenses in other jurisdictions also improves a broker’s score. We divide all licenses into three levels:

Level 1 jurisdictions (high level of trust): CFTC – USA, FINMA – Switzerland, FCA — UK, ASIC – Australia, CBI – Ireland, JFSA — Japan, MAS – Singapore, FMA — New Zealand, IIROC – Canada, SFC – Hong Kong.

Level 2 jurisdictions (medium level of trust): CySEC – Cyprus, FSCA – South Africa, CBRC – China, SEBI – India, ISA – Israel, SECT – Thailand, DFSA – United Arab Emirates

Level 3 jurisdictions (low level of trust): FSC – Belize, FSC – British Virgin Islands, FSC – Mauritius, VFSC – Vanuatu, SCB – The Bahamas, BMA – Bermuda, CIMA – Cayman Islands

8.27

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

8.29

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

7.02

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

3.59

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

3.29

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

3.07

/10

Geographic Distribution of Core Spreads Traders

Popularity in

47.9%
GB
United Kingdom
34.6%
VN
Vietnam
4.9%
DK
Denmark
3.5%
SG
Singapore
2.9%
MY
Malaysia
2.2%
US
United States
2.1%
JP
Japan
0.9%
ZA
South Africa
0.2%
BR
Brazil
0.1%
AU
Australia
0.7%
Others
Others

User Satisfaction i

6 comments
Total score:
2.3 /10
  • Best
  • Last
  • Oldest
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Justinmef

A disgusting conclusion, applications can hang until the moment they are "considered by the manager" for several days! I have been working with this company for more than a year, but I’m already fed up with the order, I will look for something else.

Avatar
Avatar
lilis

I do not recommend this broker to anyone. real scammers who play cartoons pretending to be trading. A lot of people were deceived. Take the tenth road around this office and don't be fooled by their fables of earnings. As soon as some money gets into their account, then consider that you will not see any more money.

Avatar
Avatar
Monju

My money is not withdrawn to a verified card.

Avatar
Avatar
mvhabagatjr

Personal losses amounted to - 50 thousand dollars, they stopped calling and threw - when she stopped sending money to them - which disappeared without a trace. Their lies - they completely manage your account - they have a regulated platform - your money never ends up on exchanges. Their entire platform is Drawn Fake. You will never get your money or profits out - this is a fake. Core Spreads are huge scammers. don't get fooled.

Avatar
Avatar
androni

A completely opaque company. They widen the spread as they want and keep the liquidity provider secret. A very dishonest broker!

Avatar
Avatar
Amzlynn

Constantly technical work, departures from the account, and a belated reaction to actions. I strongly advise against it.

Dynamics of Core Spreads’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Investment programs of Core Spreads

The broker’s development policy does not envisage investment programs.

Important!

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

Information
Traders Union analysts reviewed the broker’s trading conditions. The company offers a single account with a fixed spread. There is no information on the website about additional commissions or deposit/withdrawal fees. Below is an example of the spread on the EUR/USD pair for a 1 standard lot trade.
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
Logo Core Spreads
$6
$1
$1.5

Contacts

Foundation date
Registration address 9th Floor, 30, Crown Place, London EC2A 4ES
Regulation
Official site
Contacts

User Reviews of Core Spreads i

Register on the website and sign in to submit a review about your experience of working with a broker. Everyone is welcome to post a review.

Avatar
Avatar
Amzlynn

Constantly technical work, departures from the account, and a belated reaction to actions. I strongly advise against it.

Avatar
Avatar
androni

A completely opaque company. They widen the spread as they want and keep the liquidity provider secret. A very dishonest broker!

Avatar
Avatar
mvhabagatjr

Personal losses amounted to - 50 thousand dollars, they stopped calling and threw - when she stopped sending money to them - which disappeared without a trace. Their lies - they completely manage your account - they have a regulated platform - your money never ends up on exchanges. Their entire platform is Drawn Fake. You will never get your money or profits out - this is a fake. Core Spreads are huge scammers. don't get fooled.

Avatar
Avatar
Monju

My money is not withdrawn to a verified card.

Avatar
Avatar
lilis

I do not recommend this broker to anyone. real scammers who play cartoons pretending to be trading. A lot of people were deceived. Take the tenth road around this office and don't be fooled by their fables of earnings. As soon as some money gets into their account, then consider that you will not see any more money.

Avatar
Avatar
Justinmef

A disgusting conclusion, applications can hang until the moment they are "considered by the manager" for several days! I have been working with this company for more than a year, but I’m already fed up with the order, I will look for something else.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.
Core Spreads Review Core Spreads Review

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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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