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CORE SPREADS

United Kingdom|5-10 years|
MT4 Full License|Regional Brokers|High potential risk|

https://corespreads.com/cn

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

CoreSpreads-DemoBravo

United States
MT4
2

Influence

C

Influence index NO.1

United States 3.08

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
CoreSpreads-DemoBravo MT4
Server Location United States

Influence

Influence

C

Influence index NO.1

United States 3.08

Surpassed 79.34% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+44 203 475 4830
support@corespreads.com
https://corespreads.com/cn
Floor 6, 14 Bonhill Street, London, EC2A 4BX

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+44 203 475 4830

Other ways of contact

Broker Information

More

Company Name

Trade Nation Financial UK Ltd

Abbreviation

CORE SPREADS

Platform registered country and region

United Kingdom

Company website
Twitter
Facebook
Linkedin

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 3
Previous Detection : 2024-07-14
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • The United KingdomFCA regulation (license number: 525164) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

CORE SPREADS · WikiFX Survey
Danger A Visit to CORE SPREADS in UK -- Finding No Office
United Kingdom

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CORE SPREADS · Company Summary

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.

Core Spreads

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.

suspicious clone FCA license
  • 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 Platform

CoreTrader:

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.

News

WikiFX report: Exclusive: Core Spreads revenues down 17% in 2019, launches Trade Nation

NewsWikiFX report: Exclusive: Core Spreads revenues down 17% in 2019, launches Trade Nation

2022-04-01 17:42

Finsa Europe Ltd, which owns Core Spreads, reported revenues of £6.8 million (USD $9.1 million) for the year ending November 30, 2019, down from £8.2 million the year before. Despite the sales reduction, the company managed to cut costs, resulting in a net profit of £1.2 million in 2019, up from £0.8 million in 2018.

WikiFX
2022-04-01 17:42
News
WikiFX report: Exclusive: Core Spreads revenues down 17% in 2019, launches Trade Nation
WikiFX report: Core Spreads Review

NewsWikiFX report: Core Spreads Review

2022-04-01 17:31

Clients of Core Spreads get access to thousands of markets using two trading platforms: CoreTrader 2 and MetaTrader 4. Traders can trade forex in more than 30 of the most popular currency pairs, as well as gold, silver, and Brent crude oil, using Core Spreads' commodities choices, whether they want to trade CFDs or spread betting. Users can also trade shares from the United Kingdom, Europe, and the United States, as well as a variety of prominent indices.

WikiFX
2022-04-01 17:31
News
WikiFX report: Core Spreads Review
Core Spreads General Info

NewsCore Spreads General Info

2021-12-14 16:08

Read our full in-depth Core Spreads review and compare it to other Forex brokers before deciding if Core Spreads has the features you are looking for in a Forex broker.

WikiFX
2021-12-14 16:08
News
Core Spreads General Info
Core Spreads Review

NewsCore Spreads Review

2021-12-13 11:30

The Core Spreads as a brokerage company has been established in the UK with the goal to offer the best of possibilities for active traders.

WikiFX
2021-12-13 11:30
News
Core Spreads Review

User Reviews

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User comment

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寇寇。
more than one year
Don't know why but it feels safe. I don't know what to tell you, maybe it's because of their solid roots and history and all that, maybe it's because of their platform that feels so integrated and complete, but I feel treated well here.
2023-02-28 14:30
Reply
0
0
FX1205395544
more than one year
More and more clones come out and disappear then. This fake core spreads is not the first one and it won’t be the last one. As an experienced trader, my years of experience told me regulation is always on top of anything else. Do you agree?
2023-02-14 18:45
Reply
0
0
吕合金
more than one year
This is an unregulated company and anyone who is responsible for your money should see this fact and stay away from such companies or you will be in danger of being scammed! The most important thing is safety. If all your money is cheated, what is the point of other trading conditions?
2022-11-28 18:05
Reply
0
0
半江瑟瑟
more than one year
I trusted them so much but they disappointed me. Their customer service is really good that they can reply fast, but the withdrawal processing is too slow. Why the withdrawal speed can’t be as fast as the customer service response?
2022-11-27 13:55
Reply
0
0
机器人减肥,360德国溶脂
more than one year
Creating an account is a breeze. Taking partial gains or continuing trades is not straightforward due to the platform's lack of sophistication and the absence of position information on the chart. Customer support was quick, but not really helpful. Withdrawal are the major problem. They let you trade without validating you at signup, but they won't let you withdraw until you verify yourself, which takes a few of days.
2022-11-26 13:17
Reply
0
0
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