image Core Spreads VISIT CORE SPREADS image IG VISIT IG image City Index VISIT CITY INDEX
About

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

IG is regulated by the Financial Conduct Authority and ASIC. IG have provided forex, spread betting, CFD, and stock trading services since 1974.

City Index is regulated by the Financial Conduct Authority. City Index have provided Forex trading services since 1983.

Why choose them?
  • Yes Over 4 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority
  • Yes Over 44 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority and ASIC
  • Yes Over 35 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, ASIC and MAS
Headquarters London, UK London, UK London, UK

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) Yes Yes Yes
CFD Yes Yes Yes
Spread Betting Yes Yes Yes
Social Trading No No No
MARKETS & INSTRUMENTS
Forex (currency pairs) 30 90 84
Commodities Offered 9 34 26
Stocks Offered 1550 8000 4500
Bitcoin Yes Yes Yes
Majors Yes Yes Yes
Indices Yes Yes Yes
US Stocks Yes Yes Yes
Penny stocks No No Yes
Energies Yes Yes Yes
Metals Yes Yes Yes
Agriculturals No Yes Yes
FTSE Yes Yes Yes
Dow Jones Yes Yes Yes
Dax Yes Yes Yes
Nikkei No Yes Yes
ETFs No Yes Yes
IPO No Yes No
See all instruments

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

See all instruments

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

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 Yes Yes
MT5 No No No
MT4 Mac No Yes No
WebTrader Yes Yes Yes
Mirror Trader No No No
ZuluTrade No No No
Sirix No No No
cTrader No No No
PAMM No No Yes
Custom Platforms CoreTrader ProRealTime & L2 Dealer AT Pro, Advantage Web

APPS

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

English

English, French, German, Spanish, and Portuguese

English, Spanish, German, Arabic, Polish, and Chinese

See platform & features

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

See platform & features

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

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 IG

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

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

See account options

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

See account options

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

TRADING CONDITIONS

Scalping Yes Yes No
Hedging No Yes Yes
Expert advisors (EAs) No Yes Yes
Virtual private server No Yes No
Direct market access No Yes No
STP broker No Yes Yes
Market maker Yes No Yes
Min trade £1 £1 1 Lot
Max trade None Variable Varies
Min deposit $1 $250 $25

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 Yes

FUNDING METHODS

Credit card Yes Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal No Yes No
Neteller No No No
Skrill Yes No No
Payment processing time Varies Varies 2-3 business days
Withdrawal processing time Varies Varies 2-3 business days
See all funding options

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

See all funding options

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

See all funding options

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

DETAILED INFO

Excluded countries BE,FR,IN,IL,PL,ZW BE,FR,IN,IL,PL,ZW US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW
Contact email Send Email Send Email Send Email
phone number 0800 862 0780 44 20 7633 5300 0845 355 0801
Live Chat Yes Yes Yes
Website https://www.corespreads.com/ http://www.ig.com/ www.cityindex.co.uk
Forex Spreads
EUR/USD 0.70 0.60 0.50
GBP/USD 0.90 0.90 0.80
USD/JPY 0.70 0.70 0.50
AUD/USD 0.8 0.6 0.5
Cryptocurrency Spreads 70 10 70
View all FX spreads

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

View all FX spreads

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

View all FX spreads

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

INDICE SPREADS
Dax 30 1.0 1.0 1.0
Nasdaq 100 1.0 1.0 1.0
Euro Stoxx 50 1.0 1.5 2.0
ASX 200 1.0 1.0
S&P 500 3 0.4 0.4
FTSE 100 0.8 1.0 1.0
Google 0.02 1 to 20 0.0015
Facebook 0.02 4 points per side 0.0015
View all spreads

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

View all spreads

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

View all spreads

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

FEES

Inactivity Fee No Yes Yes
Commission $1.50/lot/leg Yes (0.1%) 0.0015
Deposit Fee No Varies Varies
Withdrawal Fee No No Varies
View All Fees

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

View All Fees

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

View All Fees

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

Featured In Best Brokers For Stocks
Best FTSE100 Brokers
Best Dow Jones Brokers
Best DAX Brokers
Best FCA Regulated Brokers
Best Brokers For Commodities
Best Brokers For Stocks
Best Brokers For Copper
Best DAX Brokers
Best Brokers That Accept Credit Cards
Best Day Trading Brokers
Best Brokers For Commodities
Best Brokers For Copper
Best DAX Brokers
Best FCA Regulated Brokers
Last update

All information collected from https://www.corespreads.com/. Last updated on 01/06/2019.

All information collected from http://www.ig.com/. Last updated on 01/06/2019.

All information collected from www.cityindex.co.uk. Last updated on 01/06/2019.

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 1974, IG are one of the largest and most respected brokers in the world. With over 125,000 traders, low margins and spreads, and a range of platforms, they're a popular choice for traders looking for a reputable broker that also offers a good range of markets and trading options.

IG are also one of the few brokers that offer experienced traders the chance to upgrade to an elective professional status. For more information about trading with IG, we have put together an indepth IG review with all the pros and cons about this broker.

Since establishing themselves as one of the first spread betting providers in the UK. , City Index have grown to a global company in over 50 countries completing over two million trades every month. City Index provide some of the most competitive spreads across thousands of markets including indices, shares, currencies, commodities and many more.

City Index have continued to innovate and were the first to provide a downloadable Android and iPhone app for spread betting and CFD trading and with over 30 years experience in the industry, you know you can trust Cityindex to handle your trades.

For more information about trading with City Index, we have put together an indepth City Index review with some of the pros and cons about this broker.

Popular comparisons

Popular comparisons feat. Core Spreads

Core Spreads Alternatives

Core Spreads vs Oanda
Core Spreads vs Darwinex
Core Spreads vs IG
Core Spreads vs Dukascopy
Core Spreads vs AxiTrader

Popular comparisons feat. IG

IG Alternatives

IG vs CMC Markets
IG vs ETX Capital
IG vs Plus500
IG vs City Index
IG vs Core Spreads

Popular comparisons feat. City Index

City Index Alternatives

City Index vs IG
City Index vs CMC Markets
City Index vs Plus500
City Index vs Forex.com
City Index vs IC Markets

Core Spreads or IG?

Offers fixed spreads or well established?

If you’re a trader looking for a broker that offers fixed spreads as a trading strategy, Core Spreads may be the better option. However, if you want a broker that has been established for a long time, IG may be a more appropriate option.

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 IG 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 IG is regulated by Financial Conduct Authority and ASIC.

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

City Index 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 IG have been around for 45 years. Our third alternative broker, City Index, have been around for 36 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 IG 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 IG 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.

IG is more popular with over 195,000 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.

Core Spreads is a privately owned company, while on the other hand IG is still a publicly listed company.

Where are they located?

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

Both Core Spreads and IG are based in London, UK.

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 IG offer forex trading. IG have a slightly larger variety of currency pairs with 90 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 IG allow you to trade commodities like gold, silver and crude oil.

Platforms & Account Types

If you trade forex, there’s a good chance you might want a broker that offers the popular MT4 trading platform. If that’s the case, both Core Spreads and IG offer this. Our alternative broker, City Index, also offers MT4 and MT5.

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. IG, 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 IG also allows scalping and hedging. You can't trade with EAs (expert advisors) on Core Spreads but you can trade EAs (expert advisors) with IG.

In terms of risk management tools, neither Core Spreads or IG 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 IG 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 IG charges 0.60 points. Therefore, IG 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 IG?

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

Objectively, IG is more reliable based on our criteria above. IG has a wider range of instruments to trade. IG 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.