Core Spreads Review 2017

Core Spreads Review 2017

Core Spreads Review 2017

Although this company can be considered somewhat new in the online trading industry, given that they were founded in 2014, do not make the mistake of considering them an inexperienced broker. Core Spreads is led by a team whose members have more than 100 years of trading experience between them, so you can be sure these people know exactly what you need. Because of that, it was extremely interesting to see all the features of the company’s offer, which we will enumerate and analyze in the rest of this Core Spreads review.

As always, we will be very thorough and take a look at all the most important details. Stay with us and see if this broker is the right trading partner for you!

PROS

CONS

– two different trading platforms

– low financial requirements

– no fees when transferring money

– regulated

– tight spreads

– bonuses not available for traders from Belgium, France and Holland

 

Core Spreads Review | Trading Platforms

The first thing we want to talk about are Core Spreads trading platforms. Yes, you have not one but two choices in this respect, so let’s take a look at what exactly this website has to offer.
First up, we have an absolute trading classic. Core Spreads mt4 platform (known also as Coremt4) is specially designed for CFD trading and offers everything you’d expect from Metatrader 4 trading software. Customisable charts, automated trading, fast execution… you can count on a great experience here, no doubt about that. Spreads can vary here and the minimum order is 0.01 lot, but keep in mind that there will be a small commission to pay 1 GBP/ 1.30 EUR/ 1.5 USD per lot per leg.
The second Core Spreads platform is called CoreTrader and was specially designed by the company to allow traders quick and easy access to spread betting.  The spreads are fixed in this case and the minimum order is set to 0.50 of each of the three currencies we mentioned earlier. This platform does not offer automated trading, but it does have a whole bunch of equities, so if you’re into that you’ll be in heaven here. There are also no commissions whatsoever.
We have to emphasize that the broker went out of its way to keep the design clear and simple to make its platforms accessible to everyone. It is really very easy to open and manage your trade, and we honestly believe you will enjoy spending time in this trading environment. But before you start trading, you can test everything out. How? Keep reading our Core Spreads review and find out!

Core Spreads CoreTrader

Core Spreads CoreTrader

Core Spreads Review | Demo Account

Yes, both of these platforms can be tested without any risk and completely free. This is because you can open a Core Spreads demo account for each of them. All you need to do is fill out a short form containing your name, contact number and e-mail and choose which of the two platforms you want to test. As you can see, Core Spreads demo login is really simple, but there are some differences in how each of the demo account works, so let’s go over them quickly.
CoreTrader demo account is limited to 500 concurrent trades, but is not limited by time. What is particularly useful is the fact that you can always examine the history of your practice trades, which can help you a lot in improving your trading skills. 10,000 virtual GBP will be awarded to you once you login for the first time.

Core Spreads Demo Account

Core Spreads Demo Account

Core Spreads mt4 demo account comes with a link you can use to download Metatrader 4 (this will be e-mailed to you), but you can also download everything you need from the broker’s website. Once again, you will get 10,000 virtual GBP to spend as you please, but what is really interesting is that these accounts only expire if they remain inactive for more than 30 days. Therefore, in both cases, you should be able to test absolutely everything this company has to offer and even practice a lot, too.
Naturally, you can also trade on the go. Don’t go away because we will discuss that in the next part of this Core Spreads broker review.

Core Spreads Review | Mobile app

Like all other serious trading (CFD) brokers, Core Spreads also offers mobile trading. As a matter of fact, both of the platforms we mentioned in this article can be used on the go, so you once again have a choice to make.
First, let’s start with the CoreTrader. This Core Spreads app is available in Google Play store and the App Store for both smartphones and tablets and can be downloaded for free. It has quite a lot to offer, starting with a very clear and simple interface which allows you to react very quickly and open your trades in a flash. You can also examine your full trading history and have all trade orders and execution modes at your disposal. Naturally, quotes are delivered to you in real time, so you have absolutely everything you need to be a successful trader even if you’re not in front of your computer.
As for the other Core Spreads mobile app, more experienced traders among you will know very well what to expect. Loads of analytical tools, quick shifts between instruments, several timeframes, customizable charts and so many other features are at your full disposal and the app especially excels at forex trading. You simply can’t go wrong! It is this level of quality that has made Metatrader 4 what it is today, but before any trading can be done you first have to make a deposit. How much? Find out in the next paragraph of our Core Spreads review!

Core Spreads Review | Deposit

Now we get to the part of our Core Spreads review everyone will surely want to read – the one concerning money management methods. This broker has some very interesting ideas in this respect, so let’s go over them, shall we?
First, you’ll be very happy to know that the Core Spreads minimum deposit is extremely low – you need only 10 USD, GBP or EUR to get started here! This is one of the lowest requirements of this kind in the industry and a big plus for the company because literally anyone can start trading on their website. There are also three main types of deposit methods this company accepts – bank transfers, credit or debit cards and Skrill. Usually, none of those methods have any kind of fees attached to them, but there are cases when some additional expenses will be necessary, for example if you’re depositing via a credit card from outside Europe, if the broker notices examples of churning etc. Naturally, Core Spreads will notify you of this before the fee is applied. Just remember that going for the bank transfers as you money transfer method will mean that it takes a couple of days for the money to become visible, but that’s all pretty standard in this industry. What about withdrawals? Stay tuned and find out!

Core Spreads Review | Withdrawal

When it comes to Core Spreads withdrawals, you will have to complete the login procedure before you can execute them. After that, you simply submit your withdrawal request and the broker will do the rest, provided that you have enough funds in your account and that you have confirmed your identity, of course. There are no Core Spreads withdrawal fees, unless you’re using CHAPS bank transfers or international bank transfers. You get two of those free every month and every withdrawal over that will carry a 25 GBP fee, which we think is more than fair. In these two cases Core Spreads minimum withdrawal requirement is 500 GBP, 700 EUR or 750 USD. One thing you have to be careful of here, though, is the fact that you can only withdraw to the account or the card you already used with this broker. This is done in order to prevent money laundering, so you won’t be able to simply introduce a new account out of the blue. It has to be an account you previously used to deposit.
However, this is not the only money-related topic we have to discuss in this Core Spreads review. The broker can really make trading here worth your while, so it can pay out to see how the bonus system works. Interested? All you have to do is stick around.

Core Spreads Loyalty

Core Spreads Loyalty

Core Spreads Review | Bonus

You will often find brokers offering various promotions and deals in this industry. This company is no exception. Therefore, in this part of our Core Spreads review, we will be taking a look at the financial perks you can get if you decide to start trading on this website.
Core Spreads bonus policy consists of two major parts – welcome bonuses and loyalty points. The welcome bonus works in a slightly different manner than you might expect, so let’s go over that first. You see, Core Spreads welcome bonus is essentially a cashback bonus you get after your first month of trading on this website. Simply contact the support team once those 30 days are up and one half of your spreads will be returned to you. The amount you can get this way goes up to 2,500 GBP, so you can actually get quite a lot of money back through this. Once the money is in your account, you can do whatever you want with it – there are no restrictions of any kind. However, this deal is only available to people CoreTrader accounts.
On the other hand, if you decide to go for trading on MT4, you can become a part of this broker’s loyalty program. This is exactly what it sounds like – the more you trade, the more Core Spreads loyalty points you get. At the end of each month, those points are added together and a rebate is paid back to you, depending on how many points you have. This way, you can get up to 25% of your spread returned to you every single month. No doubt that this is an interesting take, as the company wants to keep things as simple as possible.

Core Spreads Welcome Bonus

Core Spreads Welcome Bonus

Additionally, if you have a friend who would like to start trading, you can invite them to join and be rewarded for that through Core Spreads refer a friend program. If your friend deposits at least 500 GBP and executes 20 trades within half a year, you both get 125 GBP! That’s a pretty sweet deal, if you ask us, because those numbers are really not that hard to reach in six months.
One thing you have to keep in mind, however, is the fact that these bonuses are not available to traders from Holland, France and Belgium. Apart from that, there are more things to discuss in this Core Spreads review, so stay tuned!

Core Spreads Review | Contact

If you ever need any kind of clarification from this broker, simply use one of the available Core Spreads contact methods. These include phone, e-mail and live chat, as well as various social networks, and you can also find the broker’s address on the website.
Given that Core Spreads is based in London, UK traders can call them for free. Be advised, however, that no matter where you’re calling them from the conversations will be recorded for security purposes. Like we said, you can also contact them by e-mail or live chat and all of these methods guarantee a superb service. Support team members are extremely capable, patient and direct, which means your question will be answered as quickly as possible and always with outmost clarity.
As far as social networks are concerned, this company is active on several of them. Core Spreads has a Twitter, Facebook and even an Instagram account and you should follow all three of them. Why? Because not only does the company announce the latest news there, but you can also snap up an exclusive offer if you’re fast enough. It doesn’t cost you anything, so if you have an account on those networks you should really look these guys up.
Finally, we also have to mention that it’s really easy to become one of Core Spreads partners. If you’re willing to work with this company, you can expect some really nice commissions, a welcome bonus, loyalty rewards and many other great features. Their partner programme has loads of solutions and everything can be set up in just a couple of minutes, plus you can count on dedicated support. Therefore, if you want to be an affiliate, it can really pay off handsomely. But if you just want to trade, stay tuned because this Core Spreads review is far from over.

Core Spreads Contact

Core Spreads Contact

Core Spreads Review | More features

Yes, there are more details we have to go through, so let’s continue with our work. Before we go any further, we have to say that trading here is perfectly safe. We won’t go into much details concerning security in this guide because we have a special article just for that (Is Core Spreads a Scam?), but suffice to say that our every transaction went through without any problems and that the broker also has a valid license.
Moving on, at the beginning of this article we said that Core Spreads spreads can vary, but we think we should clarify that a bit. The spreads here depend on the market you’re trading on, but no matter which market you choose you can expect some great deals. For example, if you opt for forex trading, the spreads there will be fixed all day with the lowest reaching only 0.7 points. A very similar situation can also be seen if you decide to trade indices, where the lowest spreads stand at 0.8 tics. We have already mentioned commissions, so we won’t be talking about again, but you will be happy to know that Core Spreads does not charge any inactivity fee. Therefore, if you ever want to take a break from trading go right ahead. It literally won’t cost you a dime.

Another important thing we haven’t mentioned yet is the maximum Core Spreads leverage you can get. Well, it can go up to 1:100, which is a fairly standard amount in the business. With it, you should be reasonably flexible while managing your trades. A term related to this is the Core Spreads margin, but this varies depending on the market you’re trading on and your lot size. With that, we will finally end this guide and give you a short summary of what we have learned.

Core Spreads Home Page

Core Spreads Home Page

Core Spreads Review | Conclusion

Yes, that’s pretty much everything we had to discuss in this Core Spreads review. There is no doubt that this is a very interesting broker and the market has noticed that too, as the company’s popularity among traders is surging. We would argue that this is primarily because of the low financial requirements you need to meet, which are some of the lowest in the industry, but there are also many other interesting features you can enjoy on this website. There are two trading platforms to choose from and they can both be tested by using a demo account. Of course, you can also trade on the go thanks to excellent mobile apps developed for each of the platforms. Furthermore, the Core Spreads also has a very interesting bonus policy which is based on cashbacks and rebates, so you can fairly easily get additional trading funds from trading here. Everything is backed by a very competent support team which can be contacted in several different ways, plus you can easily partner up with this company if that’s what you’re looking for. The whole experience is 100% safe, but we have a separate article dealing just with the security system here, so head on over there if you want to learn more about this topic. As for this text, the only thing we can say after all of this is that this is a perfect opportunity to open an account and enter the trading industry, especially if you’re a beginner. You won’t have to invest much, but the profit could be very big. Do not hesitate, sign up today!

Author's overall rating:
Author: Ben Prescott
Updated:

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