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

BrokerDNA

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

Core Spreads
7.3 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT CORE SPREADS
SVS Securities XO
6.9 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT SVS SECURITIES XO
AvaTrade
9.7 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT AVATRADE
About

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

SVS Securities XO is regulated by the Financial Conduct Authority. SVS Securities XO have provided Forex, CFD trading services since 2003.

AvaTrade is regulated by the Central Bank of Ireland, ASIC (Australia), FSA (Japan), FSB (South Africa) and BVI. AvaTrade have provided Forex trading services since 2006.

Why choose them?
  • Yes Over 4 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority
  • Yes Over 15 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 Central Bank of Ireland, ASIC, FSA, FSB and BVI
Headquarters London, UK 2nd Floor, 20 Ropemaker Street, London, EC2Y 9AR Dublin, Ireland

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) Yes No Yes
CFD Yes No Yes
Spread Betting Yes No Yes
Social Trading No No Yes
MARKETS & INSTRUMENTS
Forex (currency pairs) 30 39 59
Commodities Offered 9 0 16
Stocks Offered 1550 0 99
Bitcoin Yes No 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 Yes Yes
Dax Yes Yes Yes
Nikkei No No Yes
ETFs No No Yes
IPO No Yes Yes
See all instruments

66.6% of retail investor accounts lose money when trading CFDs with this provider

See all instruments

Losses can exceed deposits

See all instruments

71% 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 Yes
MT4 Mac No No Yes
WebTrader Yes Yes Yes
Mirror Trader No No Yes
ZuluTrade No No Yes
Sirix No No No
cTrader No No No
PAMM No Yes No
Custom Platforms CoreTrader SVS Webtrader AvaTradeAct, AVAOptions

APPS

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

English

English, Italian, German, French, Greek, Hebrew, Spanish, Arabic, Malay, Russian, Chinese, Portuguese and Dutch

See platform & features

66.6% of retail investor accounts lose money when trading CFDs with this provider

See platform & features

Losses can exceed deposits

See platform & features

71% 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 SVS Securities XO

Demo account Yes No 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 Yes
Zero spread account No No No
VIP account No No Yes
Fixed spreads Yes No Yes
Variable spreads Yes Yes Yes
See account options

66.6% of retail investor accounts lose money when trading CFDs with this provider

See account options

Losses can exceed deposits

See account options

71% of retail investor accounts lose money when trading CFDs with this provider.

TRADING CONDITIONS

Scalping Yes Yes Yes
Hedging Yes Yes Yes
Expert advisors (EAs) No Yes Yes
Virtual private server No No No
Direct market access No Yes Yes
STP broker No Yes No
Market maker Yes Yes Yes
Min trade £0.50 Varies 0.01 Lot
Max trade None Varies None
Min deposit $1 $100 $100

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 No Yes
Signal trading No No Yes

FUNDING METHODS

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

66.6% of retail investor accounts lose money when trading CFDs with this provider

See all funding options

Losses can exceed deposits

See all funding options

71% of retail investor accounts lose money when trading CFDs with this provider.

DETAILED INFO

Excluded countries US US BE,BR,NZ,US,KE,IN,GH
Contact email Send Email Send Email Send Email
Phone number 0800 862 0780 +44(0) 203 700 0100 (44) (0) 8005200423
Live Chat Yes Yes Yes
Website https://www.corespreads.com/ https://svsxo.com http://www.avatrade.com/
Spreads:
EUR/USD (Average: 0.7 pips) 0.6 pips Not offered 0.9 pips
GBP/USD (Average: 1.1 pips) 0.8 pips Not offered 1.6 pips
USD/JPY (Average: 1.1 pips) 0.7 pips Not offered 1.1 pips
AUD/USD (Average: 0.8 pips) 0.8 pips Not offered 1.1 pips
USD/CHF (Average: 2.3 pips) 1.4 pips Not offered 1.6 pips
USD/CAD (Average: 2.9 pips) 0.9 pips Not offered 2.0 pips
NZD/USD (Average: 3.6 pips) 1.8 pips Not offered 1.8 pips
EUR/GBP (Average: 2.4 pips) 0.6 pips Not offered 1.5 pips
View all spreads

66.6% of retail investor accounts lose money when trading CFDs with this provider

View all spreads

Losses can exceed deposits

View all spreads

71% of retail investor accounts lose money when trading CFDs with this provider.

FEES

Inactivity Fee No No No
Commission $1.50/lot/leg 0.1%- 0.30% No
Deposit Fee No Yes No
Withdrawal Fee No Yes No
View All Fees

66.6% of retail investor accounts lose money when trading CFDs with this provider

View All Fees

Losses can exceed deposits

View All Fees

71% 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 01/11/2019.

All information collected from https://svsxo.com. Last updated on 01/11/2019.

All information collected from http://www.avatrade.com/. Last updated on 01/11/2019.

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.

SVS Securities XO is an online forex trading sevice provider who are regulated by the Financial Conduct Authority. To open an account with SVS Securities XO, minimum deposits start from $100.

With SVS Securities XO you can trade Equities, CFDs, IPOs and private equity placements, foreign exchange, gold, and oil. If you like to trade on the go, SVS Securities XO have iPhone, iPad and Android apps so you can trade from anywhere on your phone.

SVS Securities XO offer SVS Webtrader, Metatrader 4, Tradable, Advisory, PureDeal Platform, L2 Platform platforms to make your trades and support 4 different languages.

The spreads offered by SVS Securities XO for the most popular instruments are:
2.5 EUR/USD, 2.2 FTSE 100, 60 GOLD,
2.5 GBP/USD, 15 DOW/JONES, 0.06 Crude Oil,
see all the spreads here.

Since 2006, Avatrade have attracted over 20,000 traders to their platform. While their spreads are not the most competitive, they do offer traders a range of great features, such as guaranteed stop losses, the ability to hedge / scalp, and low margins.

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

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Core Spreads or SVS Securities XO?

A wide range of instruments or ?

If you’re a trader looking for a broker that offers a wide variety of instruments to trade, Core Spreads is likely the better option out of these brokers. 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 Core Spreads and SVS Securities XO to be equally reliable. We’ve broken down why below:

Who are they regulated by?

Core Spreads and SVS Securities XO are both regulated by Financial Conduct Authority

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

AvaTrade are regulated by Central Bank of Ireland, ASIC, IIROC, FSA, FSB, UAE and BVI

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 SVS Securities XO have been around for 16 years. Our third alternative broker, AvaTrade, have been around for 13 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 SVS Securities XO 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 SVS Securities XO 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.

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 SVS Securities XO 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.

Core Spreads are based in London, UK, while SVS Securities XO are based in 2nd Floor, 20 Ropemaker Street, London, EC2Y 9AR .

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 SVS Securities XO offer forex trading. SVS Securities XO have a slightly larger variety of currency pairs with 39 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 SVS Securities XO 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 SVS Securities XO offer this. Our alternative broker, AvaTrade, 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. AvaTrade, 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 and hedging. While SVS Securities XO also allows scalping and hedging. You can't trade with EAs (expert advisors) on Core Spreads but you can trade EAs (expert advisors) with SVS Securities XO.

In terms of risk management tools, neither Core Spreads or SVS Securities XO 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 SVS Securities XO accept Neteller.

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 SVS Securities XO charges points. Therefore, SVS Securities XO 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 SVS Securities XO?

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

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