About Core Spreads

In 2009, Core Spreads was established. The broker is based in London, UK, and works in over 150 countries throughout the world. The Financial Conduct Authority (FCA), an authoritative agency with stringent regulations, has authorized and regulated the company. This is a global broker that specializes in CFD day trading and spread betting. Over 1000 instruments are available to clients. As part of their transition to their new worldwide brand, Trade Nation, Core Spreads has stated that they will no longer be accepting new account applications. This is the latest step in bringing veteran brokers with decades of experience together in one location. For the time being, you can register on the Core Spreads website. You can also open an account with Trade Nation directly. The broker accepts the following payment methods:

  • Skrill e-wallet
  • Bank transfer
  • Debit/credit cards

No deposit fee is charged for any payment method. Processing times are not published, however, debit/credit card and e-wallet payments often support instant funding.

Withdrawals

There are no transaction fees at Core Spreads. The money must be refunded to the original manner of payment. A $50/GBP/Euro minimum withdrawal is required. Withdrawals are processed within 24 hours of the request, but funds settlement is dependent on the payment option.

Licensing

The Financial Conduct Authority (FCA) has granted Core Spreads a license, indicating that the broker follows established regulatory guidelines. Clients can be assured of the separation of money and negative balance protection provided by top institutions. In the event of a business failure, retailers are also covered by the FSCS compensation scheme, which provides up to £85,000 in compensation. The broker also conforms fully with the European Securities and Markets Authority’s regulations (ESMA).

Additional features

International market news, trade figures, and weekly articles are all available on the Core Spreads webpage. The instructional pieces on the blog-style site cover topics like the usage of financial signals, forex methods like scalping and hedging, margin trading, and trailing stops. Video content with investing suggestions in prominent markets is also available.

Real accounts

There are two sorts of accounts offered by the broker: one for CFD trading and the other for spread betting. Customers can open both accounts in any currency they want. Each account’s primary features are given below.

CoreMT4

  • Variable spreads
  • No minimum deposit
  • Minimum order 0.01 lots
  • CFD Trading – Indices, Forex, and Commodities
  • Commission of $1.50 (or equivalent currency) per lot

Core trader

  • Fixed spreads
  • No commission
  • No minimum deposit
  • Minimum order £0.50 / $ / €
  • Spread Betting – Indices, Forex, Commodities, UK, U, S, and European Stocks.

To open a live account, customers must provide verification information or documents of residency. This is the typical procedure and complies with KYC requirements. It’s also important to provide specific details about your trading expertise and understanding. The average time it takes to approve an account is one business day.

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Demo account

On both systems, Core Spreads offers a demo account. This is an excellent method to become familiar with the platform’s features, learn how to navigate the interface, and practice trading strategies. Users can access virtual funds up to £10,000 and test strategies risk-free under simulated market circumstances once they have verified and signed in.

Platform Reviews

Core Spreads offers two simple login platform options: its CoreTrader spread betting platform and CoreMT4 CFD trading platform.

On desktop systems, the MT4 platform requires a download, whereas CoreTrader is an internet investing tool that works with most internet platforms.

CoreMT4

MetaTrader 4 is a popular choice among retail traders because it has a simple interface, a variety of analysis tools, and a mix of instant and pending order types

Core trader

CoreTrader is a spread betting tool that is simple to use. With a few clicks, clients can browse prominent financial marketplaces and open positions.

Spread betting

  • US, UK, and European stocks – access to over 1000 stocks
  • Commodities are the five metals and energy commodities including gold and oil.
  • Indices – 16 global stock indices such as UK100, Germany30, and US500.
  • Forex Pairs – 34 major and minor currency pairs including EUR/USD and USD/CAD.

CFD

  • Commodities – 13 metals and energy commodities, including gold, silver, and oil.
  • Indices – 13 global stock indices such as HK50, UK100, and US30.
  • Forex Pairs – 40 major and minor currency pairs including EUR/GBP and GBP/USD.

Spreads and Commission

Spreads vary depending on the type of account and site, but they are all competitive. Currency pairs such as EUR/GBP and GBP/USD are offered at a set rate of 0.6 pips and 0.8 pips on spread betting accounts. From 0.4 points, the UK100 and US500 indexes are available.

Variable spreads are available on the CFD account. The EUR/GBP currency pair is down at least 1.2 points, the UK100 and DE30 indexes are down at least 1.0 points, and energy is down at least 3.5 points. The market information portion of the broker’s website has all the details.

Spread betting accounts at Core Spreads are free of charge, while CFD accounts are subject to a $1.50 per lot commission. For overnight positions, the broker charges a swap cost of 2.5 percent +/- Libor.