Both the CoreTrader2 and the Core MT4 platforms are available as mobile trading apps as well. These apps provide traders who want to trade the financial markets whenever they want with the mobility which they need. Both are available as an Android-based app, which traders can download from Google Play Store. For iPhone and iPad users, they can download the app from Apple’s App Store free of charge.
Core Spreads Instruments
Core Spreads range of instruments covers spread bets and CFDS. Traders at Core Spreads can use both types of instrument to trade in Forex, Commodities, Indices and Shares.
Core Spreads Account Types
Trading accounts at Core Spreads can be either a CoreTrader2 account or a Core MT4 account. You can also run both platforms in parallel with each other. CoreTrader2 is used for spread betting whereas the Core MT4 platform is for CFD trading. Apart the increments, the key differences between the two types of trading accounts include the spreads, the nod minimum order requirement and the number of underlying assets which are available for trading. There is also no minimum deposit requirement for these two types of trading accounts, although as you will be trading on margin you will need to have sufficient funds in your account before you can place a trade.
Core Spreads Commissions & Spreads
One of the main attractions about Core Spreads are the tight, fixed spreads which they offer to their traders. Virtually all the key markets covered by Core Spreads are attractive to trade with due to the competitive spreads offered by them. Core Spreads has managed to provide their traders with low spreads due to their lower operating costs. Their business model is what is known as a “Discount Broker” as Core Spreads does not offer their traders any kind of free trading tools. This puts them at an advantage as the broker can survive on thinner margins. The savings, in turn, are passed on to the clients in the form of lower spreads. For traders, this is a crucial factor as this can easily turn a winning trade into a losing trade. Because of this, Core Spreads has virtually eliminated all add-on costs to their trading platforms by simply offering their clients the basic tools which they need to trade profitably.
In terms of the applicable spread types at Core Spreads, they come in the form of variable spread or fixed spread. For traders trading with CoreTrader2, the platform supports tight, fixed spreads. Traders who want to access interbank rates will need to trade the markets using the Core MT4 platform. The commission for trade made on the Core MT4 is just $1.50 per lot.
To give you an idea of the kind of fixed spreads that you have to pay when trading the markets, we have provided a list of some of the more frequently-traded assets and their minimum spreads.
Core Spreads Deposits & Withdrawals Options
For deposits and withdrawals, the supported methods that can be used funding and withdrawing from the accounts include major credit cards such as VISA, American Express and MasterCard. Bank wire transfer is also available for traders who do not have a credit card. Core Spreads does not charge their clients any fees for making a deposit or making a withdrawal.
Core Spreads Customer Support
Customer support service at Core Spreads is on a 24/5 basis from Sunday 22:00 (GMT) to Friday 22:00 (GMT). Traders can contact the Support Team either through live chat, email or calling them on the telephone.
Core Spreads Q&A
Is Core Spreads regulated?
Yes, Core Spreads is a regulated broker under the jurisdiction of the Financial Conduct Authority. They operate with the FCA registration number: 525164.
Where is Core Spreads based?
Core Spreads is based in the UK and their head office is located at Floor 9, 30 Crown Place, London, EC2A 4ES
How does Core Spreads make money?
Core Spreads makes its money by charging traders a small spread or commission on the trades that they make through Core Spreads’ trading platforms.
How to deposit in Core Spreads account?
Funding of a Core Spreads account can be done via bank transfer or debit/ credit card. They are also able to accept deposits via Skrill.
How to withdraw money from Core Spreads
Withdrawal of funds begins with a request, either via your trading portal or email. A withdrawal of funds from Core Spreads can be done through credit cards, and bank wire transfer.
How to open an account with Core Spreads
To open an account with Core Spreads, simply click on the pink “Create Account” button located at the top of Core Spreads’ homepage. Fill in the registration and submit the form with copies of all the required documents. If you are applying for a Demo Account, this takes a matter of seconds, but applying for a live trading account may take longer. In some cases, individuals may be required to send in additional documents.
Is Core Spreads reliable?
Yes, Core Spreads is a reliable broker as it is fully regulated by the UK’s FCA.
Does Core Spreads use MetaTrader?
Yes, Core Spreads has also provided its clients with the use of the MetaTrader platform.
What is Core Spreads’s leverage?
The maximum leverage which Core Spreads offer its clients is 20:1. Please note that this leverage is for non-Professional clients only.
Is Core Spreads a scam? How safe is Core Spreads?
No, Core Spreads is not a scam. The broker has been operational since 2014. In addition, Core Spreads operates under the strict regulatory requirements imposed by the FCA.
From our observations, the key benefits that traders will have with Core Spreads are the tight, fixed spreads which the broker is offering. However, it should be noted that this is achieved by eliminating many of the expensive tools which most brokers in the industry are offering for free to their traders. In short, Core Spreads is a ‘no frills’ broker. Nevertheless, for beginner traders who are just starting to learn how to trade, these tools are of little value since novices have yet to learn how to make full use of them. In other words, the omission of these extra tools is of no loss to a beginner trader. It should be noted that Core Spreads has already acknowledged that their platform is not for everyone before they sign up. In other words, Core Spreads is geared more towards beginner traders rather than experienced traders.