Core Spread Broker review 2018 - Spread betting as low as £1

Last updated & tested: 25.10.2018

Core Spreads is a spread betting broker that is both managed and owned by Finsa Group Ltd, which are located in the United Kingdom. They have their headquarters in London and they fall under the jurisdiction of the Financial Conduct Authority in the UK.

They are a broker that has the aim of doing the simple things well and aim to excel in having competitive pricing for their traders, having a trading platform that is reliable and quick, as well as having an excellent standard of customer service.

Highlights
  • Headquarters in London
  • Regulated by the UK Financial Conduct Authority
  • Excellent competitive pricing
  • Focus on reliability and speed
3.
of 9 Spread Betting Broker
Core Spreads
Corespreads Experience
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
Headquarters and regulation

UK (FCA)

Fees and Spread

depends on type of account

Lever

up to 1:30

Mini contracts tradable

No

Trading platform

MT4, Broker-owned Software

Mobile Trading & Apps

Demo account

Yes, unlimited

Underlying assets

1223

Minimum deposit

£ 10

Services & additional benefits

Live
Hotline
E-mail

1. Trading Offer

1) Spread Betting Trading Offer: Core Spreads Has A Good Spread Betting Trading Offer

Core Spreads has a wide range of different options available to traders whether it is through spread betting or the trading of CFD contracts. Either of these types of instruments can be utilized in order to trade a wide range of shares, market indices, commodities and currencies. There are more than 1,605 instruments that can be traded. There are 40 different currency pairs on offer, but no cryptocurrencies as of yet.

12
Indices
Number
11
Raw materials
Number
1200
Stocks
Number

They have a range of commodities instruments such as in the energies and metals sector while having a massive range of stocks and indices to invest in, which total 1,550 different options at the time of writing. You are able to execute trades that are as low as £1 depending on the account type you possess and the margin size depends on a number of different factors, but for currencies, you can avail of their margin as high as 0.05 when trading currencies. This showcases their staggering offering of different financial instruments that will be hard beaten elsewhere. They pride themselves on their selection, as well as on their competitive fee structure.

Trader Rating
Core Spreadsreview_summary_group_1_image
  • 1,605 trading instruments
  • Margin of up to 3.33
  • Trades as low as £1
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
2. Costs

2.) Spread Betting Trading Costs: The Fees Are Top Quality At Core Spreads

When conducting a broker comparison, there is going to be some sort of fee taken from the spread, as this is how the company can make their profits and continue to operate their platform. The spread is what is called the difference of the selling price of a given instrument and the buying price. Spreads will vary from instrument to instrument, with more liquid instruments having tighter spreads than those markets that don’t have much liquidity. Core Spreads lists their minimum spreads on their website.

1:30
Max Lever
0.8
FTSE spread
£ 10
Minimum deposit
yes
Mini contracts
Tradable

While the spreads vary depending on the instrument, they generally have competitive rates when it comes to currency pairs when comparing with the rest of the broker industry. For example, their minimum spread for the EUR/USD pair is 0.7 pips, which is considerably lower than the industry average for this pair which is 0.82 pips. Some of their commodities do have poorer spreads than average though, but for the most part, three fees associated with Core Spreads are competitive. They do charge a very small commission on their trades, but they still lead the industry in terms of competitive fees as a whole.

Trader Rating
Core Spreadsreview_summary_group_2_image
  • Top quality spreads
  • Some of the lowest currency spreads around
  • Minimum spread of 0.7 pips for EUR/USD pair
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
3. Account

3.) Accounts: Two Different Account Types Available At Core Spreads

You have two different choices when it comes to account types with Core Spreads. However, they are fairly similar to one another. The main difference that exists is when it comes to if you want to open a spread betting account that utilizes their custom made CoreTrader platform or if you want to use a regular account which utilizes the MetaTrader 4 trading platform. Core Spreads really don’t offer any gimmicks with their accounts, everything is clear-cut.

They have no minimum deposit in place for their accounts, but you will need to make a deposit of at least $10 in order to be able to cover the smallest trade’s minimum margin. For their accounts, there is a max leverage of 30:1 in place when using the CoreTrader account, whereas leverage is 30:1 when you are using the MetaTrader 4 account type. They also have a demo account which allows you to practice your trading with virtual money if you wish to do so. The same financial instruments are available on all of the account types, so you will not be missing out on anything when choosing one of their accounts.

Trader Rating
Core Spreadsreview_summary_group_3_image
  • Two account types
  • MetaTrader 4 account
  • CoreTrader account
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
4. Platform

4.) Spread Betting Trading Platforms:
Core Spreads Has World Class Trading Platforms

As mentioned, Core Spreads have two different account types, one of which is for their proprietary trading platform called CoreTrader and the other one is for the industry-wide MetaTrader 4 platform. The MetaTrader 4 platform is well-known across the industry, with the vast majority of brokers using this trading platform. It had been specially designed by an independent group to allow for an ease of use approach to trading all sorts of financial instruments. It has many different analysis tools as part of the platform and you can engage in the likes of automated trading if you wish to do so. They also have a mobile version of this platform which is available on smartphones and tablet devices.

MT4
metatrader
MT5
metatrader
IOS
Android
Broker owned Software

The CoreTrader platform is the customer platform of Core Spreads and it quicks you immediate access to leading financial markets. You are able to efficiently execute trades, conduct comprehensive research thanks to the advanced technical analysis tools, as well as taking advantage of the many risk management tools they have as part of the platform. It prides itself on being fast and simple, as well as being reliable for traders. There is no need to download any of this software as the platform is entirely run through a web browser.

Trader Rating
Core Spreadsreview_summary_group_4_image
  • Proprietary CoreTrader platform
  • Industry standard MetaTrader 4 platform
  • Comprehensive tools for analysis
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
5. Usability

5.) Usability of the Website: The Website Is Very Easy To Use

When it comes to the Core Spreads website, it is very simple and straightforward to find the information that you are looking for. It is laid out in a way that makes sense and there is no excess information on the site, everything has value. The site theme is white and blue and it is presented in a very unassuming way. They clearly don’t want to place any of their focus into frills and meaningless intricacies. Their aim is to have a website and trading platform that is easy and quick to use while always being reliable, something that they have managed to achieve quite well.

Everything is well advertised on their site, you won’t have to trawl around for long to find out information concerning the likes of fees and spreads. Core Spreads have a well-designed site that is suitable for the needs of all customers. For the most part, the broker industry tends to have good websites. There is not too much need to have highly specialized sites because the most important aspects about a broker is the financial instruments they offer to traders, as well as the given trading platforms.

Trader Rating
Core Spreadsreview_summary_group_5_image
  • Easy to navigate
  • No cluttered information
  • Straightforward colour scheme
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
6. Support

6.) Customer Support: The Site Has Multiple Contact Options

Core Spread has a comprehensive customer support offering. You can get in touch with a member of the customer support team on a 24/5 basis. This service runs from 10PM on a Sunday until 10PM on a Friday. You have many different options when trying to get in touch with the team, including email, live chat or ringing them by phone. Their customer support team is currently based out of London and they have a lot of experience when it comes to dealing with any problems or issues that may have arised. They support a number of different languages also.

E-Mail
Telephone
Live-Chat
On the spot

There are separate telephone numbers depending on where you are based, with a number being provided for their UK office, as well as their international office. Any calls that are made to Core Spreads will be recorded for the purposes of compliance, audit and security. They also have a presence on a number of different social media channels which can also be a useful way to get in touch. If you need to have an issue quickly resolved your best bet is going to be contacting the support team through live chat, as this allows for instant replies. Otherwise, you have other options to pursue if it is not an urgent matter

Trader Rating
Core Spreadsreview_summary_group_6_image
  • Customer support available 24/5
  • Live chat, email and phone options
  • Experienced customer support team
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
7. Payment

7.) Methods of Payment: Multiple Options Are Available

When it comes to depositing and withdrawing your funds from your Core Spreads account, they offer a number of different options. All of the major methods such as MasterCard, Visa, wire transfer and popular e-wallets such as Neteller and Skrill are supported. There are no fees charged by Core Spreads when you are making a deposit or withdrawal. In general, the processing times for payments are good. Most options for depositing money sees funds being processed quickly, whereas with withdrawal times, e-wallets can take up to 24 hours to process, with credit and debit cards taking 1-2 days and wire transfers taking around 5 days to process.

  • banktransfer
  • creditcard
  • neteller
  • skrill

They have strong security protocols in place to ensure that transactions are made in a safe and secure manner. They place a priority on keeping the financial and personal data of their customers safe and sound. They are also regulated by one of the best authorities in Europe, the UK’s Financial Conduct Authority. This is always reassuring because you know that you are dealing with a platform that is going to respect your withdrawals and not attempt to not pay you what you are owed.

Trader Rating
Core Spreadsreview_summary_group_7_image
  • Wide range of payments options available
  • Decent processing times
  • Strong security levels for transactions
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
8. Offers

8.) Additional Offers: Core Spreads Has A Number Of Additional Offers

Core Spreads prides itself on not having too many frills so they are not going to offer products and services just for the sake of it. This means that as a client, you know that everything they offer is going to be of some value to you. What is seen often in broker comparisons are the availability of demo accounts. These accounts allow customers to practice their trading strategies without having to risk their real money. This is ideal for beginners, as they can get used to how a trading platform works and help to develop their trading plan in a bit more forgiving environment. It is also useful for more experienced traders who may be trying out new techniques. Core Spreads also regularly have promotional and bonus offers for customers.

E-Mail
Economic calendar
E-Book
Videos
Courses or Seminars
Demo Account

When new customers sign up for an account, they will benefit from a 50% rebate on their spreads in their first month, with this being capped at £2,500, but is only available on the CoreTrader platform. There is also a loyalty program in place on Core Spreads which allows you to build up points when you are trading, which is also only available on the CoreTrader platform. These points can be used to gain a spread of up to 25% for the next month of trading.

Trader Rating
Core Spreadsreview_summary_group_8_image
  • Comprehensive demo account available
  • Core spreads loyalty program
  • Not many educational resources on site
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
9. Regulation

9) Regulation & Deposit Protection: LCG Is Licensed And Regulated

Core Spreads are currently regulated by the Financial Conduct Authority in the United Kingdom and their registration number is 525164. This is one of the leading financial regulatory groups across the globe and is also one of the strictest in Europe, having a lot of bite when it comes to enforcing their rules and regulations. This is why the clients of Core Spreads have no need to be wondering whether or not this broker is reliable, it most certainly is if it is under the watchful eye of the FCA. Core Spreads has been around since 2014 and there is little to no negative attention that they have received to date.

FCA
Regulatory Authority
MIFID II
Yes
50000
Dep. Protection

As well as their solid reputation in the industry, they closely follow the strict compliance laws of the FCA. All of the funds of their clients are kept in an account that is segregated from these funds used for the operations of the platform, in Barclays Bank, which is a top tier bank. This means that in the case of insolvency of the company, customer funds cannot be touched by creditors. Core Spreads is also part of the Financial Services Compensation Scheme (FSCS) as a result of their involvement with the FCA. This means that claims which are qualified will be able to receive as much as £50,000 in compensation in case something goes awry with the platform. Regulated by FCA

Trader Rating
Core Spreadsreview_summary_group_9_image
  • Compensation of up to £50,000 available
  • Segregated accounts
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
10. Awards

10.) Awards: Core Spreads Has Won The Best Value Broker Award

The broker industry is one that relies a lot on awards to showcase the upside of given brokers. It is such a competitive industry that parties do everything they possibly can do in order to stand out from the crowd. This means that awards play an important part in the growth of a platform, because people see the headlines of certain brokers winning awards and will end up doing business with them in the future. Core Spreads was only founded in 2014, so it is still relatively young as a broker, but they have already began to make their mark on the industry.

They are one of the most promising brokers coming out of the UK and this was reflected by their winning of the best value broker award in 2017 at the UK forex awards. This means that they are the most price competitive when it comes to helping to reduce the trading costs of their clients. Fees play a big role in the decision process of a trader choosing a platform, especially if a lot of trades are being made or it is a high net worth individual making large trades. This is surely just the beginning of the awards for Core Spreads and it will be an interesting journey in the coming years.

Trader Rating
Core Spreadsreview_summary_group_10_image
  • Best value broker award 2017
  • Massive potential for future awards
  • Going from strength to strength since starting in 2014
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.

Conclusion: Core Spreads As Your Best Spread Betting Broker?

When it comes to comparing the best spread betting brokers in the industry, Core Spreads is certainly one of those brokers that is up and coming and could break into the top tier very soon. Generally, there are a few well-established companies at the top of the pile, who have been in the industry for so long that they have built up a loyal customer base. However, Core Spreads have been keeping things simple and attracting new customers by having ultra-competitive fees and spreads. This was showcased by their winning of an award for being the best value broker in the UK in 2017. They are also regulated by one of the strictest authorities in the entire world, the FCA.

This means that customers know they can rely on the platform and do not worry about the safety of their funds. They are also running lucrative promotions and offers, as well as having a great loyalty program for their customers. There is a massive range of different financial instruments to choose from, so you have tremendous flexibility on this side of things. There is also the choice between the industry wide MetaTrader 4 platform and the proprietary CoreTrader platform, so you can decide which is best suited for your specific needs. Overall, Core Spreads clearly know what they are doing and are only going to go from strength to strength into the future, competing with the best spread betting brokers.

Strengths

  • Competitive fees
  • Focus on reliability
  • Regulated by FCA
  • Good choice of trading platforms

Weaknesses

  • No education offering
  • Only two account types
Test result
Total

Ratings
0
Broker
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
Core Spreads
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.

Become part of the Asktraders Community and share your experiences!

Your Rating
Your opinion

Currently, there are no reviews.