image Core Spreads VISIT CORE SPREADS image eToro VISIT ETORO image Forex.com VISIT FOREX.COM
About

Core Spreads is regulated by the Financial Conduct Authority. Core Spreads have provided Forex trading services since 2014.

eToro is regulated by CySEC. eToro have provided Forex trading services since 2006. 66% of retail CFD accounts lose money

Forex.com is regulated by the Financial Conduct Authority. Forex.com have provided Forex, Commodities, Indices trading services since 1999.

Why choose them?
  • Yes Over 4 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority
  • Yes Over 12 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, CySEC, ASIC
  • Yes Over 19 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority
Headquarters London, UK Limassol, Cyprus London, UK

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) Yes Yes Yes
CFD Yes Yes Yes
Spread Betting Yes No No
Social Trading No Yes No
MARKETS & INSTRUMENTS
Forex (currency pairs) 30 47 80
Commodities Offered 9 6 12
Stocks Offered 1550 957 220
Bitcoin Yes Yes Yes
Majors Yes Yes Yes
Indices Yes Yes Yes
US Stocks Yes Yes Yes
Penny stocks No No No
Energies Yes Yes Yes
Metals Yes Yes Yes
Agriculturals No Yes Yes
FTSE Yes Yes Yes
Dow Jones Yes No Yes
Dax Yes Yes Yes
Nikkei No Yes Yes
ETFs No Yes Yes
IPO No No Yes
See all instruments

75% of retail investor accounts lose money when trading CFDs with this provider

See all instruments

66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

See all instruments

70% of retail investor accounts lose money when trading CFDs with this provider

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 Yes No Yes
MT5 No No No
MT4 Mac No No No
WebTrader Yes No Yes
Mirror Trader No No No
ZuluTrade No No No
Sirix No No No
cTrader No No No
PAMM No No No
Custom Platforms CoreTrader CopyTrader FOREXTrader PRO

APPS

iOS image Yes Yes Yes
Android image No Yes Yes
Windows image No No Yes
Available Languages

English

English, German, Spanish, French, and Italian

English, Chinese, and Arabic

See platform & features

75% of retail investor accounts lose money when trading CFDs with this provider

See platform & features

66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

See platform & features

70% of retail investor accounts lose money when trading CFDs with this provider

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by Core Spreads and eToro

Demo account Yes Yes Yes
Mini account No Yes Yes
Micro account Yes Yes No
Standard account Yes Yes Yes
ECN Account No No Yes
Islamic account No Yes Yes
Zero spread account No No No
VIP account No Yes No
Fixed spreads Yes Yes Yes
Variable spreads Yes No Yes
See account options

75% of retail investor accounts lose money when trading CFDs with this provider

See account options

66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

See account options

70% of retail investor accounts lose money when trading CFDs with this provider

TRADING CONDITIONS

Scalping Yes No Yes
Hedging No No Yes
Expert advisors (EAs) No No Yes
Virtual private server No No No
Direct market access No No Yes
STP broker No Yes Yes
Market maker Yes Yes Yes
Min trade £1 $25 Varies
Max trade None 20% of equity 5 million
Min deposit $1 $200 $50

RISK MANAGEMENT

Stop losses Yes Yes Yes
Limit orders Yes Yes Yes
One-click trading Yes Yes Yes
Trailing stops Yes Yes Yes
Price alerts No Yes Yes
Signal trading No Yes No

FUNDING METHODS

Credit card Yes Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal No Yes No
Neteller No Yes No
Skrill Yes Yes No
Payment processing time Varies Varies Varies
Withdrawal processing time Varies Varies 1-2 business days
See all funding options

75% of retail investor accounts lose money when trading CFDs with this provider

See all funding options

66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

See all funding options

70% of retail investor accounts lose money when trading CFDs with this provider

DETAILED INFO

Excluded countries IR, KP, BE, CA, JP, SY, TR, IL IR, KP, BE, CA, JP, SY, TR, IL BE
Contact email Send Email Send Email Send Email
phone number 0800 862 0780 44-866-350-0881 Yes
Live Chat Yes Yes Yes
Website https://www.corespreads.com/ www.etoro.com http://www.forex.com
Forex Spreads
EUR/USD 0.70 3.00 1.00
GBP/USD 0.90 1.00
USD/JPY 0.70 0.90
AUD/USD 0.8 1.0 1.2
Cryptocurrency Spreads 70 0.75% N/A
View all FX spreads

75% of retail investor accounts lose money when trading CFDs with this provider

View all FX spreads

66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

View all FX spreads

70% of retail investor accounts lose money when trading CFDs with this provider

INDICE SPREADS
Dax 30 1.0 100.0 250.0
Nasdaq 100 1.0 300.0 130.0
Euro Stoxx 50 1.0 300.0 4.0
ASX 200
S&P 500 3 100.0 50.0
FTSE 100 0.8 100.0 150.0
Google 0.02 27.0 N/A
Facebook 0.02 8.0 N/A
View all spreads

75% of retail investor accounts lose money when trading CFDs with this provider

View all spreads

66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

View all spreads

70% of retail investor accounts lose money when trading CFDs with this provider

FEES

Inactivity Fee No Yes No
Commission $1.50/lot/leg No No
Deposit Fee No No No
Withdrawal Fee No Yes No
View All Fees

75% of retail investor accounts lose money when trading CFDs with this provider

View All Fees

66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

View All Fees

70% of retail investor accounts lose money when trading CFDs with this provider

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Last update

All information collected from https://www.corespreads.com/. Last updated on 01/07/2019.

All information collected from www.etoro.com. Last updated on 01/07/2019.

All information collected from http://www.forex.com. Last updated on 01/07/2019.

Company

Core Spreads is an online trading service provider who are regulated by the Financial Conduct Authority. To open an account with Core Spreads, minimum deposits start from £/$/10.

With Core Spreads you can trade Currencies, stocks, commodities, indices. If you like to trade on the go, Core Spreads have iPhone, iPad and Android apps so you can trade from anywhere on your phone.

Core Spreads offer their user friendly CoreTrader and the popular MT4 platforms to make your trades and also offer customer support in English.

The spreads offered by Core Spreads for the most popular instruments are:
0.7 EUR/USD 0.8 FTSE 100 0.4 GOLD
0.9 GBP/USD 1.0 DOW/JONES 3.0 Crude Oil
See all spreads

For more information about trading with Core Spreads, we have put together an indepth Core Spreads review with all the pros and cons about this broker.

Founded in 2006 and based out of Tel-Aviv, eToro enables traders to follow various sectors including nearly two hundred and fifty different stocks. CFD and currency trades are likewise a possibility. As of this year, eToro boasts more than six million members worldwide.

For more information about trading with eToro, we have put together an indepth eToro review with all the pros and cons about this broker.

FOREX is a market leading broker with over 15 years' experience in the industry serving over 200,000 traders worldwide. As a publically traded company on the NY stock exchange, regulated by multiple regulating bodies including the Financial Conduct Authority in UK, FOREX is a broker you can trust. FOREX offer competitive pricing through its advanced technology and execute your trades fast and at the price you expect or better. Pricing is simple and easy to understand with no complicated commission structures or small print, you know what you will pay. With a commitment to customer support they offer 24 hour support from 9pm Sun through to 9pm Friday.

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Core Spreads or eToro?

Low spreads or offers VIP accounts ?

If you’re a trader looking for a broker with low spreads on popular instruments like EUR/USD, Core Spreads is likely a better option. However, if

Which broker is more reliable?

You can determine a broker’s reliability & trustworthiness by looking at eight factors:

  • Who are they regulated by?
  • How long have they been around for?
  • Do they hold your money in a separate bank account?
  • Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?
  • Have they been fined or penalised in the last five years?
  • The popularity of their service/website
  • Are they publicly listed?
  • Where are they located?

Based on these eight factors, we consider eToro to be the more reliable broker. We’ve broken down why below:

Who are they regulated by?

Core Spreads is regulated by Financial Conduct Authority, while eToro is regulated by Financial Conduct Authority, CySEC, ASIC.

As the Financial Conduct Authority are one of the most stringent regulators in the world, both Core Spreads and eToro will have very strict guidelines to follow to ensure they protect their retail trader clients.

Forex.com are also regulated by the Financial Conduct Authority.

How long have they been around for?

If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).

This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.

Core Spreads has been around for 5 years, while eToro have been around for 13 years. Our third alternative broker, Forex.com, have been around for 20 years.

Do they hold your money in a separate bank account?

You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?

Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.

All three brokers above will hold your money in a separate bank account.

Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?

Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.

Both Core Spreads and eToro use tier one banks, but we are not sure of which bank specifically.

Have they been fined or penalised in the last five years?

If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.

We’re not aware of any penalties or fines imposed by regulators on Core Spreads or eToro in the past five years.

How popular is their service/website?

While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.

eToro is more popular with over 6,000,000 traders.

Are they publicly listed?

Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.

Both Core Spreads and eToro are privately owned companies.

Where are they located?

Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.

Core Spreads are based in London, UK, while eToro are based in Limassol, Cyprus.

Do they offer the features you need?

Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.

This can be broken down into three categories:

  • Services & instruments
  • Platforms & account types
  • Trading features, risk management tools & funding methods

Services and Instruments

If you’re looking to trade currency pairs, both Core Spreads and eToro offer forex trading. eToro have a slightly larger variety of currency pairs with 47 pairs, compared to 30 offered by Core Spreads. Also, if you’re looking to trade cryptocurrencies, Core Spreads offers a handful of cryptocurrency CFDs to trade, including Bitcoin, Ethereum and Ripple.

Both Core Spreads and eToro allow you to trade commodities like gold, silver and crude oil.

eToro also offer social trading, which allows you to follow the trading activity, engage in discussion, and even copy the trades of other traders.

Platforms & Account Types

In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. eToro, for example, offer a mini account, standard account and VIP account.

Trading features, risk management tools & funding methods

If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.

Core Spreads does allow scalping but doesn't allow hedging. While eToro does not allow scalping or allow hedging. You can't trade EAs (expert advisors) with either Core Spreads or eToro.

In terms of risk management tools, neither Core Spreads or eToro offers negative balance protection. Negative balance protection prevents you owing your broker more than you’ve deposited.

Core Spreads also offer stop losses and limit orders to help you automate aspects of your trading strategy.

Core Spreads accept Skrill while eToro accept Paypal.

Are they affordable for what you need?

Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.

For trading EUR/USD, Core Spreads charges 0.70 points, while eToro charges 3.00 points. Therefore, Core Spreads is the more affordable for this instrument. If you want to compare their spreads across more instruments, You can jump back up to our comparison of their currency pair & indice spreads above.

Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.

The Verdict: Core Spreads or eToro?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, eToro is more reliable based on our criteria above. Core Spreads has a wider range of instruments to trade. eToro offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.

Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:

Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.