CoreSpreads is a leading provider of CFD trading opportunities. What makes this brokerage unique is that it dispenses with all the fees and commissions and provides traders with competitive spreads. Traders can enjoy generous loyalty rewards and cashback, as well as access to 2 powerful CFD trading platforms.
Core Spreads is operated by a UK company – Finsa Europe Ltd – with the following registration number #0707 3413. It is fully authorised by the FCA (Financial Conduct Authority) with reference #525164. Traders are handsomely rewarded with generous welcome bonus packages, friend referral bonuses, low commissions, tight spreads and a zero deposit fee. Additionally, this brokerage distinguishes itself from the competition by not levying charges on Skrill and credit card deposits. All in all, traders can enjoy thousands of markets comprising equities, indices, commodities and currency pairs.
CoreSpreads ensures that all client funds are held in fully segregated accounts. Plus, all trading activity is fully regulated in the United Kingdom. Customers can rest assured that the FSCS (Financial Services Compensation Scheme) safeguards all trading activity. The trading platforms are highly regarded in the industry. The first is CoreTrader2 which is ideally suited to spread betting. Its user-friendly interface offers reliable trade execution on desktop and mobile devices. With thousands of markets and low fixed spreads, clients can position themselves accordingly.
The other trading platform is Core MT4. This is ideally suited to forex trading (major pairs, minor pairs and exotic pairs), and CFD trading. The Core Spreads Loyalty Scheme is suited to active traders. Cash rebates are available on a monthly basis and transparency is espoused at all times. Core Points are earned for traders that promote the brokerage on social media, with trading activity. The Core Points system also offers up to 25% in rebates to traders.
Traders can easily open accounts with CoreTrader or MT4 (MetaTrader 4) at CoreSpreads. You simply need to be from an eligible jurisdiction/territory. Enter your title, name, date of birth, primary contact number and alternative contact number. Next up, enter your email and full address. Once you have verified your account, you’ll be able to start trading. The one-click demo account runs direct off your browser. You can see all the popular markets listed, including open positions, opening orders, transaction history, activity history, information and your account summary. Examples of popular markets include the EUR/USD, GBP/USD, Germany 30, UK 100, SPX 500, Wall Street 30 and the France 40. Traders can easily sell/buy options, see daily change data and trade accordingly. The CoreMT4 platform is ideally suited to CFD traders.
There are 2 distinct trading platforms at CoreSpreads. These include CoreTrader2 and CoreMT4.
The benefits of trading at CoreTrader2 include the following:
- A fixed spread profile
- Loyalty rebates on spread
- There are zero commissions
- The minimum order is $1/£1/€1
- Suited to spread betting activity
- 1550+ UK, EU and US equities
- 16 indices, 5 commodities, and 34 currency pairs
The benefits of trading at CoreMT4 (MetaTrader 4) include the following:
- A variable spread profile
- Expressly for CFD trading
- The minimum order is 1 lot
- Loyalty rebates are available on commission
- The commission structure is $1.50/€1.30/£1 per lot per leg
- CFD traders can enjoy 13 indices, 40 currency pairs and 13 commodities
The platforms also differ according to welcome offers, online trading options, desktop trading, one-click demo, auto trade options and one click trading. Depending on your preferences, you can opt for either one or the other.
The nice thing about CoreSpreads is that there is no minimum deposit. Making a deposit is easily done through the Payments Tab. In the client portal this is the Deposit Funds Tab. There is a daily cap of €35,000 or the equivalent in USD/GBP. No more than 17 deposits can be made within any 24-hour period. For new users, the daily cap is fixed at €15,000 or the equivalent in USD/GBP. Fortunately, no fees are levied on deposits or withdrawals. Further, you will not be charged any fees for inactivity on your account. The payment and withdrawal options include PayPal, American Express, Visa, MasterCard, bank transfer, Skrill, Allied Wallet and others.
There 3 broad categories of services available at this brokerage. These include contracts for difference (CFDs), spread betting and forex trading. The financial instruments fall into 5 broad categories including shares, CFDs, commodities, currency pairs and indices.
Popular markets include:
Germany 30 Cash, UK 100 Cash, Wall Street 30 Cash, GBP/USD Spot, EUR/USD Spot, Apple, US Tech 100 Cash and Gold Spot
Australia 200 Cash, Wall Street 30 Cash, Germany 30 Cash, Japan 225 Cash, UK 100 Cash, US SPX 500 Cash and US Tech 100 Cash.
Currency pairs include:
EUR/AUD, EUR/GBP, EUR/JPY, EUR/ZAR and scores of other major, minor and exotic pairs.
Gold spot and silver spot, in addition to Brent crude oil.
UK shares include:
Tesco, BP, HSBC, Barclays, Royal Mail, RBS, AstraZeneca.
European shares include:
BASF, BMW, Banco Santander, Deutsche Bank, LVMH, St. Gobain, Total, Telefonica, and Societe Generale.
US shares include:
Apple, Facebook, Goldman Sachs, Google, Twitter, Microsoft and others.
Recall that CFD traders can trade on CoreMT4, while non-CFD trading is possible on CoreTrader2.
The welcome bonus is capped at £2,500. When you open a CoreTrader account, you can claim your bonus after 1 month by calling the customer support team. Once you have made that call, the company will deposit 50% of the total spread that you have traded during your first month into your account up to £2,500. This welcome bonus is applicable to equity markets, commodity markets, indices and currency pairs on the trading platform. It does not apply to underlying equity market spreads.
Clients can contact customer support in several ways, including UK toll-free telephone, international telephone, email, social media and snail mail. The UK telephone number is 0 800 862 0780. International users can simply dial +44 (20) 3475 4830. The email address is: [email protected] The company’s headquarters are in London, UK. The frequently asked questions database (FAQ) offers quick solutions to a host of technical, trading and registration-related issues.
The security of client funds is a priority at CoreSpreads. Clients are classified as retail clients so that they are afforded the highest levels of security and protection in the UK. All client accounts are kept separate from company accounts at Barclays. As a Core Spreads client, all trading activity is guaranteed by the U.K.’s Financial Services Compensation Scheme. This ensures that client funds up to £50,000 are protected. The integrity of trader accounts is assured at all times at CoreSpreads.
CoreSpreads offers 2 exciting trading platforms for users. Each is unique and caters to a specific type of trader. CFD traders will enjoy CoreMT4 and its many benefits. Customer support is bang on the money and they work hard to ensure that all of your trading questions are answered professionally and in a timely fashion. The menu is somewhat scant, and the broker is designed in a minimalist fashion. You may need to run searches for specific topics, since many topics are not always easily visible on site.
CFD trading is really easy at CoreSpreads. Plus, you get to enjoy a generous welcome bonus off your first full month of trading. This online broker is fully regulated by the Financial Conduct Authority (FCA), and as such traders have assurances from the UKs CFD trading watchdog. Thousands of underlying instruments in indices, stocks, currency pairs and commodities make for a complete trading experience. You get to simulate real market conditions in a jiffy with the demo trading platform.