66.6% of retail investor accounts lose money when trading CFDs with this provider
Core Spreads provide its clients with access to 1,000's of markets via two trading platforms, CoreTrader 2 and MetaTrader 4. Whether traders are interested in trading CFDs or spread betting, with Core Spreads they are able to trade forex in more than 30 of the most popular currency pairs, as well as gold, silver and brent crude oil with Core Spread’s commodities options. Users can also trade across UK, European and US Shares and a host of popular indices.
Core Spreads is authorised and regulated by the Financial Conduct Authority (FCA) and is fully compliant with the European Securities and Markets Authority (ESMA). Core Spreads hold their client’s money in ring-fenced, segregated bank accounts with Barclays. These accounts are fully separate from Core Spreads’ own funds, and they can never be used for operational expenses, hedging, or any purpose not directly related to your account. By default, Core Spreads classifies all clients as Retail Clients.
In addition, Core Spreads’ clients are also covered by the UK’s Financial Services Compensation Scheme (FSCS), which guarantees a return of your funds up to £50,000.
To open a live account, you’ll need a minimum deposit of at least $1. Alternatively, Core Spreads offers a demo account that you can use to practice and familiarise yourself with their platform.
Regulated by the Financial Conduct Authority, UK (FRN: 525164). Core Spreads puts all client funds in a segregated bank account and uses tier-1 banks for this. Core Spreads has been established since 2014, and have a head office in .
Before we dive into some of the more detailed aspects of Core Spreads’s spreads, fees, platforms and trading features, you may want to open Core Spreads’s website in a new tab by clicking the button below in order to see the latest information directly from Core Spreads.
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66.6% of retail investor accounts lose money when trading CFDs with this provider
Like most brokers, Core Spreads takes a fee from the spread, which is the difference between the buy and sell price of an instrument.
The commisions and spreads displayed below are based on the minimum spreads listed on Core Spreads’s website. The colour bars show how competitive Core Spreads's spreads are in comparison to other popular brokers featured on BrokerNotes.
Spreads are dynamic and are for informational purposes only.
As you can see, Core Spreads’s minimum spread for trading EUR/USD is 0.6 pips - which is relatively low compared to average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with Core Spreads vs. similar brokers.
See all SpreadsIf you were to buy one standard lot of EUR/USD (100k units) with Core Spreads at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $9.15. Here’s a rough breakdown of the fees and how this compares against XTB & AvaTrade .
| Core Spreads | XTB | AvaTrade | |
|---|---|---|---|
| Spread from: | $ 7.00 | $ 2.00 | $ 7.00 |
| Commission: | $0.00 | $0.00 | $0.00 |
| Total cost of a 100k trade: | $ 7.00 | $ 2.00 | $ 7.00 |
| $5 less | $0 more | ||
| Visit Core Spreads | Visit XTB | Visit AvaTrade |
All fees/prices are for informational purposes and are subject to change.
Core Spreads offers over 1,605 different instruments to trade, including over 30 currency pairs. We’ve summarised all of the different types of instruments offered by Core Spreads below, along with the instruments offered by XTB and AvaTrade for comparison.
| FX / Currency CFDs | Core Spreads | XTB | AvaTrade |
|---|---|---|---|
| # of forex pairs offered | 30 | 48 | 59 |
| Major forex pairs | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes |
| Cryptocurrencies | Yes | Yes | Yes |
| Commodity CFDs | Core Spreads | XTB | AvaTrade |
|---|---|---|---|
| # of commodities offered | 9 | 21 | 16 |
| Metals | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes |
| Agricultural | No | Yes | Yes |
| Index & Stock CFDs | Core Spreads | XTB | AvaTrade |
|---|---|---|---|
| # of stocks offered | 1550 | 1606 | 99 |
| UK shares | Yes | Yes | Yes |
| US shares | Yes | Yes | Yes |
| German shares | Yes | Yes | Yes |
| Japanese shares | No | Yes | Yes |
| See Core Spreads's Instruments | See XTB's Instruments | See AvaTrade's Instruments |
Core Spreads offers the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers. Core Spreads also offer their custom CoreTrader platform.
Core Spreads also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.
See Core Spreads's platforms
Core Spreads allows you to execute a minimum trade of £0.50. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument.
As a market maker, Core Spreads may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.
Finally, we’ve listed some of the popular funding methods that Core Spreads offers its traders below.
Core Spreads support a limited number including English.
Core Spreads has a BrokerNotes double AA support rating because Core Spreads offer live chat, phone, email support and less than three languages.
As Core Spreads is regulated by Financial Conduct Authority , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:
You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.
While you might be able to explore Core Spreads’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.
To start the process of opening an account with Core Spreads you can visit their website here.
CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.corespreads.com/ on 01/01/2021.
