Address: Tower Bridge Business Centre, 46 – 48 East Smithfield, London E1W 1AW

Authorised by UK Financial Conduct Authority (FCA): YES – reference number 525164

Trader’s Nest Verdict:

There’s little to differentiate the main brokers these days. Most of them offer you a decent enough service and have acceptable spreads. And most will give you the industry standard Metatrader platform to trade on.

Instead of piling on extra bells and whistles that no-one ever really uses Core Spreads have gone rogue. They’ve stripped their service down to the bare bones in order to cut costs and give you what REALLY matters…

Razor-thin spreads

This is essential. At the time of writing Core Spreads’ offers the following fixed spreads on its spread bet platform: 0.7 pip on EURUSD, 0.9 pip on GBPUSD, 0.8 points on FTSE100, 1 point on DAX.

Disruption-free trading

There are no marketing gimmicks, no ‘expert analysis’ videos by a twenty year old wearing a suit three sizes too big, no endless stream of webinar invitations. It’s just you and the markets.

Generous Welcome Bonus and ongoing Monthly cash rebate of up to 25% (T&Cs apply to both promotions)

When you open a Core Spreads account you receive up to 50% of the total spread traded in your first month, straight back to your trading account.

This isn’t one of those pie in the sky offers where you have to jump through flaming hoops of fire to actually receive your welcome bonus money either. The money is simply yours to trade with or withdraw.

You get 50% of the first £30,000 spread value traded in month 1 (25% rebate on anything above £30,000). And then the ongoing loyalty rebate scheme kicks in. The rates are capped at 25% of the spread from month 2 onwards. That’s a huge incentive. Think about it.

In fact, until a broker is crazy enough to offer ZERO spreads in an effort to steal some customers (and that wouldn’t last long, I can tell you) I don’t think there’s a more competitive offering for serious spread and Forex traders that I’ve come across.

That’s why I recommend taking a look at Core Spreads. Even if you have an account elsewhere it might be worth putting some of your trades through them, at least for a month, so you can siphon-off the maximum amount of cash rebate due.

Maximum flexibility for day traders

Have you ever had a message pop-up when you try to place a pending order in your Metatrader account, something along the lines of your order needs to be away from the market price by at least 20 points?

Well try it when you test out the Core Spreads’ CoreTrader platform: pull up an order ticket for a ‘pending order’ in EURUSD or GBPUSD. You’ll find that you’re able to place a Limit order or a Stop order just two pips away from the current market price.  Whereas some of the ‘big-name’ brokers shackle you with a 20 pip barrier.

2 pips barrier vs 20 pip barrier?

That makes a huge difference to the effectiveness of short-term strategies. In fact, it opens up a whole new universe of strategies for traders that otherwise would simply not be available.

Minimum to open account: No minimum

Minimum stake per pip: £0.50 per point

Free Demo account available: Yes, a one-click demo of their CoreTrader2 platform is available directly on their website (no registration required).

Markets available:
– 34 Forex pairs (all the main EUR, GBP, and USD crosses, plus some AUD, CAD, and NZD pairs that you might find useful from time to time).
– Commodities (including Gold & Silver).
– 16 Global Stock indices (including FTSE100, DAX, Dow Jones).
– UK Shares. All FTSE100 and FTSE250 plus some of the FTSE350 too.
– 100+ European Shares (big names like BMW, Deutsche Bank, Volkswagen)
– 500+ US Shares (a wide range including Apple, Google, Facebook etc.)
– They offer markets via spread betting and also CFDs (Contracts for difference)

Spreads: Razor-thin. This is where Core Spreads are really carving things up in the marketplace. For example…
– 0.7 pip on EURUSD
– 0.9 pip on GBPUSD
– 0.8 points on FTSE100
– 1 point on DAX

Trading Platform:
– Spread betting via their CoreTrader2 platform (web and mobile app)
– CFD’s via desktop and app based Metatrader (MT4)

Customer Service:

Very responsive. They have an online chat facility directly on their website and customer services via telephone from 10pm Sunday night all the way through to 10pm Friday night. But do the ‘patented’ Traders Nest customer services test and see: pick up the phone and ask a few daft questions. You’ll soon find how effectively your enquiries are handled.

Financial spread bets and CFD trades are leveraged products, which means you could lose more than you deposit. You should ensure spread betting and CFD trading meets your investment objectives. Full risk warning.

Core Spreads Ltd is an appointed representative of Finsa Europe Ltd (a company registered in England and Wales under number 07073413) which is authorised and regulated by the Financial Conduct Authority (under firm reference number 525164). Core Spreads is a trading name of Finsa Europe Ltd.