Core Spreads Review

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Core Spreads
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Company Information   Core spreads is an online trading brokerage specialized in Forex, CFD’s, Oil, Gold and Silver, Stocks and Spread betting. The brokerage is relevantly new. It was founded… more

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BrokerCore Spreads
Website URL
HeadquartersLondon, United Kingdom
Support Number+44 203 475 4830 (International); 0800 862 0780 (UK free)
Support TypesPhone, E-mail
Minimum 1st Deposit1 CCY
Minimum Trade Amount1 lot
Maximum Trade AmountMore than 100 lots
BonusUp to 50%
PayoutUp to 200:1
Free Demo AccountYes
Regulated Yes
RegulationFinancial Conduct Authority (FCA)
Deposit MethodsDirect Bank Transfer, Credit/Debit Card, Skrill
Withdrawal MethodsDirect Bank Transfer, Credit/Debit Card, Skrill
Types of AssetsForex, CFDs, Equities, Commodities, Indices
Account CurrencyEUR, USD, GBP
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

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Company Information


Core spreads is an online trading brokerage specialized in Forex, CFD’s, Oil, Gold and Silver, Stocks and Spread betting. The brokerage is relevantly new. It was founded in 2014 by the Core Spreads Ltd company. Core Spreads main efforts are to expand their services in all of Europe, but for now, they are looking to acquire more clients from the United Kingdom. It’s a fully certified company regulated by the FCA in the United Kingdom. Their spreads are some of the most competitive and the abundance of trading features is commendable. They average the spreads of the five most influential bet spread providers. Using one of the most popular and stable platforms in the world (the Metatrader4) helps them in their quest for being one of best online brokerages. As a company with less than three years of experience, you can expect some flashy bonus offers and Core spreads delivers them.


Trading Information


Currently, Core Spreads offers only one type of account options. It’s called the standard and provides all the features a modern trader needs. There is no minimum deposit requirement for the Standard account, and you need only $1 to start trading. The spreads offered are fixed and go from 0.7 pips for majors like EUR/USD. Scalping and hedging are not available. However, expert advisors are allowed. Depending on the trading instruments the leverages are as follows: 1:240 for Forex, 1:20 for CFD’s, Stocks and gold&silver and Oil 1:60. The minimum position size is 0.01 pips. The stop-out level is at 20%. The currency pairs offered for Forex trading are 40 which is an average compared to other brokerages. The total number of trading assets is above 2000. While there aren’t any other account choices offered by Core Spreads, this STP broker offers enough for beginner and expert traders to be satisfied.


Trading Platforms


The trading platform offered by Core Spreads is the extremely popular Metatrader4. This platform has been around for over a decade and is still one of the most re-known in the trading world. It offers excellent customization options and fast execution. You can program your strategies and implement them effortlessly. Trading from charts is possible as well as single-click trading. With over 50 indicators and features like streaming news and other analysis, the MT4 is something that every trader should try at least once for their daily trading. It’s suitable for both Windows and Mac desktop computers and has a mobile version. You can easily download it from the Google Play store or the Apple Store. There isn’t anything revolutionary about using the Metatrader4 as their main platform, but it’s still nice to see that Core Spreads follows the most popular online brokerage trends. Additionally, you can use their Core Trader platform which offers some benefits like a WebTrader platform. Core Spreads have taken care of that problem and offered such a version. You can use it with every great browser and just log in to your account and start trading. While it doesn’t have so many features like the MT4, it does offer a pleasant trading experience and of course, you’ll get a bonus if you use it.


Security and Customer Services


When dealing with a lot of money security should be a broker’s first concern. Core Spreads have taken care of the basic security measures like implementing an SSL encryption on their website. It might not seem like a big deal, but it protects personal data from being stolen. The segregated account option means that your funds are deposited separately into a top tier bank. The customer support has a 24/5 coverage which is an industry average. There are a lot of contact methods available. You can get in touch with them on the phone, email them or go directly to their headquarters in London. There is also a very helpful Live Chat system where you can talk to a representative right away. The website is translated only in English, but there surely be more translation if the company expands to other regions. Their knowledge base is not one of the best out there, but it still provides useful news and spread information.


Deposits and Withdraws


Depositing funds at your Core Spreads account is easy, and there are several banking methods you can use. All users have a daily deposit limit of €35 000, and new users have a daily limit of €15 000 (a new user is someone who has had an account for less than 24 hours). Usually, the company doesn’t charge any additional fees on money transfers with credit cards. However, it has reserved the right to charge a %15 fee in some cases. All of the information you need about that is on their Deposit and Withdrawal policy. Withdrawing funds is also hassled free, and you can use the same methods as the deposit. If there aren’t any problems with the withdrawal, request it usually is processed within 24 hours. This means that depending on the banking method you’ve chosen your funds will be transferred instantly or in 2-3 business days.


Deposit Bonus and Loyalty Programs


The current deposit offered by Core Spread is very generous. It’s a welcome bonus for every new user where you get 50% of the spread traded in your first month. The limit of this bonus is £2500. This bonus is available only for users who make a Core Trader account. Upon reaching the required trading time and limit you should contact a representative to get your bonus funds.

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