Core Spreads is an online broker founded in 2014 with several offices around the globe, providing its clients with trading services for Forex, Commodities, Stocks, Shares, Indices, CFDs and even Cryptocurrency. Over the years, Core Spreads boasts a trusted client-base of over 100,000 and has garnered popularity for its competitive trading conditions and requirements. Core Spreads also claims to provide its clients with some of the best execution speeds and convenient tools through its proprietary trading platform.
In addition, Core Spreads won several awards including the “Best Value Forex Broker” in 2017 during the UK Forex Awards.
In this review, take an in-depth look into the offerings and various key aspects of PF Derivatives as well as some of its pros and cons.
Core Spreads: Services and Offerings
While Core Spreads offers the following services to clients residing in almost any part of the globe, some offers may differ depending on the location of the client. Furthermore, clients may not be able to gain full access to the services listed below due to legal restrictions.
• Trading Instruments
Core Spreads offers a wide variety of financial assets for clients to trade with. With direct access to more than 1,000 markets through the use of its trading platforms, Core Spreads offers over 30+ Major, Cross, and Exotic Currency Pairs as well as a long list of Commodities, Cryptocurrencies, Stocks, Shares, Indices Metals, Energies, Bonds, and CFDs.
• Account Types
Keeping in line with its vision to make trading as simple and straightforward as possible, Core Spreads offers only two trading account types – the CoreTrader account, and the CoreMT4 account, with the only difference being whether the client would like to use their proprietary CoreTrader trading platform or the MetaTrader4 trading platform.
The CoreTrader account gives the client access to the CoreTrader platform and will be able to trade commission-free with fixed spreads.
Meanwhile, the CoreMT4 offers variable spreads with competitively low commissions.
In the European region, clients are also given the option for a Professional Account which provides a maximum leverage of 1:200 for various financial instruments.
In addition, there is a free Demo account for those who want to test out the exchange’s trading platform in a risk-free trading environment.
• Trading Platform
Core Spreads features its own proprietary platform called CoreTrader, which can be accessed through a web browser or on a mobile app. Using cutting-edge technology, CoreTrader is designed to further streamline the trading experience with lightning-quick execution speeds and a beginner-friendly user interface.
Core Spreads also implements the use of the MetaTrader4 (MT4) trading platform by MetaQuotes. MT4 is one of the leading trading platforms in the industry, most notable for its easy-to-use interface, lightning-quick execution time, and flexible customizability. It features real-time market quotes as well as over 80 pre-installed technical indicators, charting tools, and automated trading options, to name a few.
It is available for desktop, web browser, and mobile for iOS and Android.
• Payment Options
Payment options include credit/debit cards, bank wire transfers, and online payment services such as Neteller and Skrill. Deposits and withdrawals can also be done with cryptocurrency.
Withdrawals are usually processed within the same day, though it could take more if requests are done outside of business hours. Bank transfers usually take one to three business days to process, though some options can take a few seconds.
Bank processing fees may apply depending on which service has been chosen. Online payment services may charge additional fees for deposits or withdrawals.
Most of the details listed in this review may often be subject to change. Therefore, for updated information, please check the broker’s official website.
Core Spreads: Is it safe?
Core Spreads is a fully regulated brand, complying with financial bodies in the United Kingdom, Australia, and South Africa to provide the best in trust and security within its client base.
In the United Kingdom, Core Spreads UK is the operating arm of Finsa Europe Ltd and is in full compliance with the Financial Conduct Authority (FCA). In Australia, Core Spreads AU is the operating arm of Finsa Pty Ltd and is regulated by the Australian Securities and Investment Commission (ASIC).
For added security, client funds are also kept in segregated accounts to prevent the broker from using the capital to fulfill organizational obligations apart from its intended use.
Core Spreads: Conclusion
With the incorporation of complex trading instruments offered through a convenient and user-friendly trading platform, Core Spreads provides a trading experience that any trader of any experience can pick up on easily. Apart from providing a decent range of assets to choose from and competitive trading conditions, Core Spreads further expresses transparency and reliability with its operations being authorized and regulated in the various countries it operates in.
While the brokers’ focus on providing competitive trading conditions may prevent it from developing other attractive features that other brokers would highlight, it is safe to say that Core Spreads is an interesting broker to look into if you are interested in a more streamlined approach to trading online.
