Core Spreads Review
- March 27, 2016
- By: Forex Reviewer
- No Comments
User Rating:Updated on: March 27, 2016
|Min. Deposit||Max. Leverage||Spreads From||Forex Pairs||Platforms||Mobile Trading||Broker Highlights|
30+ Currency Pairs
The range of live markets
CFDs carry risk. 75% of traders lose with this provider.
Core Spreads- Straight to the Trade
Core Spreads approaches financial trading in a unique way. It goes to great pains to extol its virtues as a financial trading enterprise that minimises the spread so that traders can more easily generate profits off their trading activity. Among others, Core Spreads is focused on contracts for difference (CFDs) and spread betting activity. Forex trading is also available and is a popular option at this brokerage. The company is registered to Finsa Europe Ltd, which is fully regulated by the FCA with the following reference number: 525164.
Core Spreads endeavours to make it more cost-effective for traders to conduct online trading activity. It makes no bones about the fact that leading financial news sites like Financial Times, Bloomberg, Reuters, BBC and the like are far superior at providing real-time news updates on major goings-on in the financial markets. However, this online trading site limits the costs so that tighter spreads are possible across the board. Core Spreads stakes its reputation on being the most cost-effective, long-term trading site with fully regulated operations.
Core Spreads offers a wide range of trading markets on its world-class trading platforms. These include spread betting, contracts for difference (CFDs) and FX trading (Forex trading). There are myriad financial instruments to trade as CFDs or in a spread betting format. And there are scores of currency pairs such as the GBP/USD, GBP/JPY, USD/AUD, USD/CAD, GBP/EUR and others to trade. In fact, for CFD’s there are thousands of markets across all major categories including shares, commodities, indices and currencies.
There are 2 platforms available to traders at Core Spreads. These include CoreMT4 and CoreTrader. Each of these platforms offers multiple benefits, products, features and more. For example, CoreTrader offers the following features: spread betting, zero commissions, loyalty rebates on the spread, and a minimum trade order of $1/£1/€1. It also offers 16 indices, 34 currency pairs, 5 commodities, 950+ UK equities, 500+ US equities, and 100+ European equities. Plus, there is a generous welcome bonus offer, a fully functional online trading platform, a mobile trading platform, a sign-up demo account, 24/5 customer support, and fully customizable charts.
The other trading platform is known as CoreMT4. It features contracts for difference with a variable spread profile and a commission of £1, $1.50 and €1.30 per lot per leg. Loyalty rebates are available on commission, and the minimum order is 1 lot. In terms of the available products on this trading platform, there are 13 indices, 40 currency pairs, and 13 commodities. While there is no online trading platform, there is a desktop platform and a mobile platform. Traders have access to a signup demo account and 24/5 support as well as auto trading, customisable charting and 1-click trading features.
Once you open an account at CoreSpreads.com, you get to start trading within a tight trading range. Then, a month later traders can claim a welcome bonus by simply calling the customer services team or emailing them. The trading bonus comprises a 50% match up to £5,000 and after that it entails a 25% match bonus of the total spread that you have traded during your first month since registration. This money will then be transferred back into your account. Additionally, Core Spreads offers half price trading with a bonus up to 50% of your entire first month’s spread (capped at £2,500). There are other offers available to traders in the form of friend referral bonuses, as much as £125 for yourself. The referred friend will receive 5,000 Core Points which go towards loyalty scheme rebate levels.
- Tight spreads over the short-term and the long-term
- Wide range of tradable assets across all categories
- 2 trading platforms including CoreMT4 and CoreTrader
- 24/5 customer support
- Generous friend referral bonuses and welcome bonus offer
- Wide range of tradable currency pairs
- Information is scant on specifics of financial trading assets
- Site navigation is limited
- Educational topics are not all-encompassing
The inclusion of 2 world-class trading platforms (CoreMT4 and CoreTrader) is reason enough to give this FX trading site a go. They are a no-nonsense brokerage with a commitment to minimising the spread. This guarantees that traders will have less fees and commissions to pay over the long term at this brokerage. The wide range of tradable assets across multiple categories is a definite plus point, and attentive customer support is available 24/5.
User navigation may not be as easy as it is that other financial trading platforms, given the scant information and clickable links on site. However, once you register, you are privy to a generous welcome bonus package and many other enticing rewards. This makes for a top-notch trading experience whether you are trading commodities, indices, shares or forex. Core Spreads offers many advantages to novice and experienced FX traders.
Financial spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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