English

CORE SPREADS Forex broker specializes in providing foreign exchange trading services, the company's official website https://clients.core..., the company's legitimate regulatory information United KingdomFCAMarket Maker (MM) to enhance the security of the company's address Floor 6, 14 Bonhill Street, London, EC2A 4BX

CORE SPREADS Forex Broker

Basic Information

Registered Region

United Kingdom

Operating Period

Company Name

Trade Nation Financial UK Ltd

Abbreviation

CORE SPREADS

Company employee

Customer Service Email Address

support@corespreads.com

Contact Number

+442034754830

Company Website

https://corespreads.com/cn

Company address

Floor 6, 14 Bonhill Street, London, EC2A 4BX

Facebook

https://www.facebook.com/corespreads

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

Note: Core Spreads' official site - https://corespreads.com/cn is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Core Spreads Review Summary Founded 2014 Registered Country/Region United Kingdom Regulation FCA (Suspicious Clone) Market Instruments Forex currency pairs, indices, gold, silver, stocks, and commodities Demo Account N/A Leverage 1:30 (Maximum) Spread 0.6 pips (EUR/USD) Commission $1.5 per lot Trading Platform CoreTrader/MT4 Minimum Deposit $0 Customer Support Tel: +44 203 475 4830, Email: support@corespreads.com, Social Media: Facebook, Twitter, LinkedIn Company Address Floor 6, 14 Bonhill Street, London, EC2A 4BX What is Core Spreads？ Core Spreads is a broker founded in 2014 and is registered in the United Kingdom. However, its regulatory license is identified as a suspicious clone by the Financial Conduct Authority (FCA), suggesting it imitates a legitimate, FCA-regulated firm. Further adding to its questionable presence, it currently does not provide any accessible website for users or potential clients to verify its services or credentials. Pros & Cons Pros Cons Low Spreads Suspicious Clone Regulatory License No Minimum Deposit Low Leverage Commission Charged Dead Website Pros: Low Spreads: Core Spreads offers competitive spreads, with as low as 0.6 pips on EUR/USD, which can potentially save traders on trading costs. No Minimum Deposit: The broker allows traders to start trading with no minimum deposit requirement, making it accessible to a wide range of investors, including those with smaller capital. Cons: Suspicious Clone Regulatory License: There are concerns about the legitimacy of Core Spreads' regulatory license, with reports indicating a clone license from the Financial Conduct Authority (FCA), raising doubts about the broker's regulatory compliance. Low Leverage: The maximum leverage offered by Core Spreads is limited to 1:30, which is insufficient for traders seeking higher leverage opportunities to amplify their trading positions. Commission Charged: Core Spreads imposes a commission of $1.5 per lot traded, which adds to the overall trading costs for clients, particularly for those who execute a high volume of trades. Dead Website: The broker's website appears to be inactive or inaccessible, hindering potential clients' ability to obtain essential information about the broker's services, trading conditions, and account features. Is Core Spreads Safe or Scam？ Regulatory Sight: The regulatory sight of Core Spreads raises concerns due to its current status as a “Suspicious Clone” with the Financial Conduct Authority (FCA) in the United Kingdom. While the broker holds a license labeled as Market Making (MM) with license number 525164, it is classified as a suspicious clone, suggesting potential issues regarding its regulatory compliance and legitimacy. User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums. Security Measures: So far we haven't found any information about the security measures for this broker. Market Instruments Core Spreads provides a diverse range of market instruments to cater to various trading preferences. These include: Forex Currency Pairs: Major, minor, and exotic currency pairs, allowing traders to participate in the foreign exchange market. Indices: Popular stock market indices from around the world, providing exposure to the performance of global equity markets. Gold and Silver: Precious metals commonly traded as safe-haven assets and for portfolio diversification. Stocks: Shares of publicly listed companies across different sectors and industries. Commodities: Raw materials such as oil, natural gas, agricultural products, and more, offering opportunities for trading based on supply and demand dynamics. Leverage Core Spreads offers varying leverage levels depending on the asset class being traded: Major Forex Pairs: Maximum leverage of 1:30, allowing traders to control positions worth up to 30 times their trading account balance. Minor Forex Pairs: Maximum leverage of 1:20, providing slightly lower leverage compared to major pairs. Commodities: Maximum leverage of 1:10, allowing traders to amplify their exposure to commodity markets while managing risk. Spreads & Commissions Core Spreads offers users different spreads for different market instruments, starting from 0.3 pips. Instruments Types Spreads Commissions EURUSD From 0.6 pips N/A AUDUSD EURGBP From 1.2 pips GBPAUD From 2.2 pips Australian 200 Index (AUS200) From 1 pip Germany 30 Index No UK Crude Oil (Brent) From 3.5 pips N/A US Crude Oil (WTI) Gold (XAUUSD) From 0.3 pips 1.25 EUR / 1.40 EUR / 1.5 USD Silver (XAGUSD) The lowest spreads provided by Core Spreads start from 0.3 pips for XAUUSD and XAGUSD, but a commission of 1.25 EUR / 1.40 EUR / 1.5 USD per lot is charged. GBPAUD provides the highest spreads starting from 2.2 pips. No Commission is charged for trading Germany 30 Index. The commissions of other instruments are not mentioned, however, users should be cautious about the hidden fees. Trading PlatformCoreTrader: CoreTrader is the spread trading platform offered by Core Spreads. It is designed to provide low-cost trading with sharp execution. This platform equips traders with all the necessary tools to manage risk accurately, enhancing their trading experience. Core MT4: Core MT4 is based on the MetaTrader 4 (MT4) platform, which is widely recognized as a leading forex trading platform in the industry. It grants traders access to market-leading floating spreads and offers lower commissions, providing them with efficient and reliable trading functionality. Customer Support Telephone: Traders can reach Core Spreads via phone at +44 203 475 4830 for direct assistance with their inquiries or issues. Email: The company provides email support at support@corespreads.com, allowing traders to communicate their queries and concerns in writing for a detailed response. Social Media: Core Spreads maintains an active presence on popular social media platforms such as Facebook (https://www.facebook.com/corespreads), Twitter(https://twitter.com/corespreads), and LinkedIn (https://www.linkedin.com/company/core-spreads/). Traders can engage with the company through these channels, receive updates, and reach out for support or assistance. Company Address: The physical address of Core Spreads is located at Floor 6, 14 Bonhill Street, London, EC2A 4BX. Traders can visit the office for face-to-face assistance or meetings if necessary. Conclusion Core Spreads presents itself as a broker with competitive trading conditions, offering traders access to various market instruments. However, its legitimacy is questionable due to a suspicious clone regulatory license identified, and its inactive website further adds to the concerns about transparency and reliability. We do not recommend users to trade with this broker. Frequently Asked Questions (FAQs) Q: What is the maximum leverage offered by Core Spreads？ A: Core Spreads provides a maximum leverage of 1:30. Q: What trading platforms are available at Core Spreads？ A: Core Spreads offers two trading platforms: CoreTrader, which is their proprietary spread trading platform, and Core MT4, based on the popular MetaTrader 4 platform. Q: Is Core Spreads regulated？ A: Core Spreads is registered in the United Kingdom, but its regulatory license is labeled as a suspicious clone by the Financial Conduct Authority (FCA). Q: What is the minimum deposit requirement for Core Spreads？ A: Core Spreads does not have a minimum deposit requirement, allowing traders to start trading with any amount they prefer. Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

CORE SPREADS broker review

Is CORE SPREADS safe or scam

Rating Index

How to login to CORE SPREADS?

Core Spreads Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a Core Spreads Account Registering for a Core Spreads account is a straightforward process that allows you to access various trading options. Follow these st

Core Spreads Forex Broker - Complete Information Guide

1. Broker Overview

　　Core Spreads, established in 2014, is a UK-based brokerage firm operating under the name Finsa Europe Ltd. The company is headquartered in London, with additional offices located in Sydney, Australia. As a privately held entity, Core Spreads focuses primarily on providing online trading services in the forex and CFD (Contracts for Difference) markets.

　　The broker serves a diverse clientele, ranging from retail traders to institutional investors, offering them access to a wide array of financial instruments. Core Spreads has made significant strides since its inception, including the introduction of its proprietary trading platform and the expansion of its product offerings. A notable milestone in the company's journey was its rebranding to Trade Nation in 2023, aimed at refreshing its image and broadening its market appeal.

　　Core Spreads primarily operates in the retail forex trading sector, providing services such as spread betting and CFD trading. This business model allows traders to speculate on price movements without owning the underlying assets, making it an attractive option for many investors.

2. Regulation and Compliance Information

　　Core Spreads is regulated by several key authorities, including the Financial Conduct Authority (FCA) in the UK, which oversees its operations under the license number 525164. The FCA is renowned for its stringent regulatory standards, ensuring that brokers maintain high levels of transparency and integrity in their dealings.

　　In addition to the FCA, Core Spreads is also authorized by the Australian Securities and Investments Commission (ASIC), further enhancing its credibility in the global trading landscape. The broker adheres to various compliance measures, including Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, to protect its clients and ensure a secure trading environment.

　　Client funds at Core Spreads are held in segregated accounts at reputable banks, such as Barclays Bank in London, ensuring that traders' investments are protected in the event of financial difficulties. Furthermore, the broker participates in the Financial Services Compensation Scheme (FSCS), which provides coverage of up to £50,000 for clients in the UK.

3. Trading Products and Services

　　Core Spreads offers a comprehensive range of trading products, including over 30 forex pairs, which encompass major, minor, and exotic currencies. In addition to forex, the broker provides access to various CFD products, including:

Indices: Major global indices such as the UK 100, US 500, and Germany 30.
Commodities: Precious metals like gold and silver, as well as energy products such as crude oil.
Shares: A selection of stocks from the UK, US, and European markets, allowing traders to speculate on individual company performances.

　　The broker is constantly updating its product offerings to meet the evolving needs of its clients, although there are currently no cryptocurrency trading options available. Core Spreads caters primarily to retail traders but also offers services tailored for institutional clients, including white label solutions and asset management services.

4. Trading Platforms and Technology

　　Core Spreads provides its clients with two primary trading platforms: the proprietary Core Trader platform and the widely used MetaTrader 4 (MT4) platform.

　　MetaTrader 4: This platform is well-known for its user-friendly interface and extensive features, including automated trading through Expert Advisors (EAs), advanced charting tools, and a wide range of technical indicators. It supports both desktop and mobile versions, allowing for trading flexibility.
　　Core Trader: This proprietary platform is designed specifically for spread betting. It features a simple interface, one-click trading, and comprehensive risk management tools, making it accessible for both novice and experienced traders.

　　Both platforms support a variety of order types and offer fast execution speeds. Core Spreads operates on a Straight Through Processing (STP) model, ensuring that trades are executed directly in the market, enhancing reliability and reducing the potential for conflicts of interest.

5. Account Types and Trading Conditions

　　Core Spreads offers two main account types tailored to different trading preferences:

　　Spread Betting Account: This account is designed for clients interested in spread betting, featuring fixed spreads with no commission charges. The minimum deposit requirement is $0, allowing traders to start with any amount they choose.
　　CFD Trading Account: This account type is for those who prefer to trade CFDs. It offers variable spreads starting from 1 pip, and a commission of $1.50 per lot applies. Similar to the spread betting account, there is no minimum deposit requirement.

　　Both account types allow for leverage up to 1:30 for retail clients, in compliance with FCA regulations. The minimum trade size is 0.01 lots, which provides flexibility for traders looking to manage their risk effectively. Additionally, Core Spreads has a transparent overnight fee policy, charging a swap rate that varies based on market conditions.

6. Fund Management

　　Core Spreads supports a variety of deposit and withdrawal methods, including:

Credit/Debit Cards: Major cards such as Visa and Mastercard are accepted.
Bank Wire Transfers: Traditional method for funding accounts.
E-Wallets: Options like Skrill are available for faster transactions.

　　The broker does not impose any deposit or withdrawal fees, making it cost-effective for clients to manage their funds. While there is no minimum deposit requirement, traders must ensure they have sufficient funds to cover margin requirements for their trades.

　　Withdrawal requests are typically processed within 24 hours, although the time it takes for funds to appear in a client's account may vary based on the payment method used. Core Spreads maintains a user-friendly approach to fund management, allowing clients to easily deposit and withdraw funds as needed.

7. Customer Support and Educational Resources

　　Core Spreads provides robust customer support through multiple channels, including:

Phone Support: Available during trading hours for immediate assistance.
Email Support: Clients can reach out for detailed inquiries.
Live Chat: Quick response option for urgent questions.
Social Media: Engagement through platforms like Facebook and Twitter.

　　Customer support operates 24/5, ensuring traders can get help when needed. However, the support is primarily available in English.

　　In terms of educational resources, Core Spreads offers limited materials. While daily market analysis and insights are provided, there are no extensive educational programs or tutorials available. Traders are encouraged to seek external resources for comprehensive learning and strategy development.

8. Regional Coverage and Restrictions

　　Core Spreads serves clients from over 150 countries, focusing on regions such as the UK, Australia, and various European countries. The broker has established a strong presence in these markets, providing tailored services to meet local trading needs.

　　However, Core Spreads does not accept clients from certain countries, including the United States, Iran, Syria, and North Korea, due to regulatory restrictions. This limitation is in place to ensure compliance with local laws and regulations governing financial services.

　　In summary, Core Spreads, now rebranded as Trade Nation, offers a reliable trading platform with competitive spreads and a solid regulatory framework. While it has some limitations in terms of educational resources and product offerings, it remains a viable option for traders seeking low-cost trading solutions in the forex and CFD markets.

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