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Core Spreads Expert Review

Core Spreads are one of the newest spread betting brokers in the UK.  Core Spreads objective to to provide the tightest spreads in the industry but offering an execution only platform (i.e. now news, analysis, or trader tools).

For spread bettors looking to reduce trading costs Core Spreads offer a simple, quick and easy to use trading platform find out more.

Jump to:  Core Spreads client reviews

For new clients they also offer a 50% rebate on your first month’s trading costs (which is a bit like an uncapped welcome bonus (sort of)).

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Core Spreads customer and client reviews

Don't just take our word for it. Read real trader reviews of Core Spreads or write your own for a chance to win £1,000 Amazon vouchers in our broker of the year awards.

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Average rating:  
 39 reviews
by Geoff Bell on Core Spreads

  • Trading Platform 3/5: Charts are fairly basic; can't have multiple deal tickets for an index
  • Customer Service 5/5
  • Mobile Apps N/A
  • Spreads & Pricing 5/5
  • Market Range 5/5
  • Trade Execution Speed 5/5
  • Added Value 5/5
Spreads are very good, especially outside the index's trading hours. Site is easy to use and execution speed is fine. Cashback is an added bonus. Telephone support is quick and efficient. (Trading indices with Core Spreads for 1-2 years on a daily basis)

by Laura Rothenburg on Core Spreads

  • Trading Platform 4/5: The trading platform is good but with the cross hairs symbol there is a blue box that gets in the way of the screen, plus all the the numbers could be put around the edge rather than on the screen
  • Customer Service 5/5
  • Mobile Apps 5/5
  • Spreads & Pricing 5/5
  • Market Range 5/5
  • Trade Execution Speed 5/5
  • Added Value 5/5
Overall the broker is good, clear ticket orders, easy to figure our. Very helpful staff even if it is technical or a question. Like this platform it is simple and easy to use.. (Trading forex and commodities with Core Spreads for 1-2 years on a weekly basis)

by nguyen huy hung on Core Spreads

  • Trading Platform 5/5
  • Customer Service 5/5
  • Mobile Apps 5/5
  • Spreads & Pricing 5/5
  • Market Range 5/5
  • Trade Execution Speed 5/5
  • Added Value 5/5
OK. (Trading indices with Core Spreads for 1-2 years on a daily basis)

by Robert Todd on Core Spreads

  • Trading Platform 5/5
  • Customer Service 5/5
  • Mobile Apps N/A
  • Spreads & Pricing 5/5
  • Market Range 5/5
  • Trade Execution Speed 5/5
  • Added Value 5/5
I have no complaints with this broker. Whenever i have used customer service they have been professional, courteous and have invariably resolved anyissues i have had. (Trading forex with Core Spreads for 1-2 years on a daily basis)

by Faisal Mohamed Alkatheeri on Core Spreads

  • Trading Platform 5/5
  • Customer Service 5/5
  • Mobile Apps 5/5
  • Spreads & Pricing 4/5: would like to add idea for whos account above 50 K to get better offers in the spreads compering to who low volume of amount and trading activities
  • Market Range 5/5
  • Trade Execution Speed 5/5
  • Added Value 5/5
Honestly very supportive and fast respond to our inquiry'sAs I mentioned if they could offer like other companies and platforms with different spreads to who have high activities in trading and bigger amounts.  (Trading forex, indices and commodities with Core Spreads for under a year on an intra-day basis)

by Richard Loo on Core Spreads

  • Trading Platform 4/5: Chart at android platform not working
  • Customer Service 5/5
  • Mobile Apps 4/5: Chart at android platform not working
  • Spreads & Pricing 5/5
  • Market Range 5/5
  • Trade Execution Speed 5/5
  • Added Value 5/5
Please improve mobile trading platform.  (Trading indices and commodities with Core Spreads for 1-2 years on a weekly basis)

by Mike wilson on Core Spreads

  • Trading Platform 5/5
  • Customer Service 5/5
  • Mobile Apps 5/5
  • Spreads & Pricing 5/5
  • Market Range 5/5
  • Trade Execution Speed 5/5
  • Added Value 5/5
Good solid broker with fair rates.  (Trading indices with Core Spreads for 1-2 years on a daily basis)

by Derrick Allen on Core Spreads

  • Trading Platform 5/5
  • Customer Service 4/5: A monthly report of all trades made by the customer and sent by email would be useful. Other brokers offer this service. Also the Transaction History disappears after about one day and it would be better if it remained visible longer on the website.
  • Mobile Apps N/A
  • Spreads & Pricing 5/5
  • Market Range 5/5
  • Trade Execution Speed 5/5
  • Added Value 5/5
Core Spreads is simple to use and enables a broad range of trading. Highly recommended.  (Trading indices and stocks with Core Spreads for under a year on a daily basis)

by Arlene on Core Spreads

  • Trading Platform 5/5
  • Customer Service 5/5
  • Mobile Apps 5/5
  • Spreads & Pricing 5/5
  • Market Range 5/5
  • Trade Execution Speed 2/5: System unresponsiveness especially when the market price moves fast. And you cannot close it right away when you need to because platform will get freeze or unresponsive.
  • Added Value 4/5: Just put more updates for analysis.
This broker is good and reliable. Only system unresponsiveness sometimes need to improve. Overall it’s ok.  (Trading indices with Core Spreads for 1 - 2 years on a daily basis)

by TIAO SOON BENSON NEO on Core Spreads

  • Trading Platform 4/5: I believe they should improve the capacity of handling trades in high volume. The platform can get freeze when at high volume
  • Customer Service 5/5
  • Mobile Apps 4/5: Same as above, high volume, the apps will be frozen
  • Spreads & Pricing 5/5
  • Market Range 4/5: Could include crypto currency trading.
  • Trade Execution Speed 4/5: High volume, can be slowed.
  • Added Value 5/5
Overall all is a fantastic platform, if they can resolve the stability during High volume. Easy to use platform and fast response. Also if we can set and make default to indicators like the Fibonacci.   (Trading forex, indices and commodities with Core Spreads for 1 - 2 years on an intra-day basis)

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What makes Core Spreads stand out in a few words?

Just tight spreads and a simplicity

Core Spreads Quick Review

Core Spreads has been founded and set up on the basis that spread betting traders are still overpaying for the service.  The pitch is that they are the Easyjet of the spread betting brokers i.e. no thrills, but the same basic service.  They are quite keen to highlight this on their website and most of the marketing material. “No Noise – just tight, fixed spreads on thousands of markets.”  What this means is that all you get is a trading platform, no news, no technical analysis, no community, no sentiment, no fundamental data and no signals etc.

But they may be on to something.  Of all the spread betting platforms out there most will give you some added value.  Most spread betting brokers will provide live asset tagged news flow.  Some of the larger ones will also give free access to fundamental data such as Digital Look, Autochartist and Trading Central.

Core Spreads ethos is that all these bells and whistles are not really needed and to cover the cost the brokers must add a little more on to the spread.  When reviewing Core Spreads it’s pretty obvious that they can keep their spreads the tightest in the industry by cutting out all the unnecessary add ons.  Let’s be honest, you can pretty much get all you need from Google and Yahoo Finance now.  Plus these add ons are never the full package on offer by the underlying provider.  If you really care about technical analysis and sentiment, as a trader you will invest in full access to the services.

Core Spreads demo account - worth a go?

The Core Spreads demo account gives you access to the full Core Spreads trading platform. As with all discount brokers it's well worth trying out the Core Spreads demo before you sign up for a live account.  The Core Spreads demo give you a good idea of the look and feel of the trading platform. After all, trading platforms are what makes a broker. You can sign up for a Core Spreads demo account here.

Core Spreads sign up and login process

Pretty simple really, as with all brokers the sign up process is getting harder as brokers have to ask for more ID and conduct more thorough anti-money laundering check. All this is done online when you open an account with Core Spreads, unless you move a lot, have bad credit or live outside the UK. However, that's life now a days with brokers, but once you are signed up logging in to Core Spreads is simple both on the website and via the mobile platforms and Core Trader App.

Core Spreads apps iOS and Android 

The Core Trader App is fine, does everything you need it to do. As with the whole Core Spreads ethos, it's just execution and a few charts. Nice, simple and quick. Not much else to say really...

Core Spreads minimum deposit

Core Spreads is a discount broker so as you expect, the minimum deposit for Core Spreads clients is £1.

Core Spreads minimum stake, trade and bet sizes?

As with minimum deposits, the Core Spreads minimum trade size is small. It changes for every contract so to see a full list of contract specs open a trade ticket when you're logged into the trading platform. Or see the Core Spreads minimum trade sizes on their website here...

MT4 Core Spreads Platform

As well as offering it's own Core Trader platform, You can get Core Spreads MT4 access. If you want to trade MT4 on Core Spreads you can compare MT4 brokers here.

Scalping on Core Spreads

Nope, no Core Spreads scalping for clients. However, there is a fine line between what scalping is and legitimate intra-day trading. Core Spreads do have a scalping policy, but it's pretty vague. It basically just says that if they think you are scalping on Core Spreads they will ask you not to and then ban you or void all the trades they think you've scalped.

Core Spreads leverage & margin rates

Core spreads leverage and margin rates are pretty good. Although the FCA is recently cracking down on excessive leverage Core Spreads does operate within standard leverage limits. Check our the leverage on Core Spreads website for more information.

Core Spreads USP – Tightest spreads in the industry

But, how much can you save?  This is a key point because even if the spreads are tight is it really worth dropping the add ons.  We know they are generally pointless, but it always helps to get a second opinion on a trade (even if it is only from a data feed).  To figure out if the savings are worth it we’ll take a look at the FTSE (or UK 100 as the spread betting companies call it (due to FTSE asking for ridiculous licence fees to use their trade mark – they just upped it to £50k per year for brokers)) and calculate what a trader could save.

In this example we’ll assume a customer is trading three round trips a day (six trades) at £10 per point.  That is the equivalent to one lot on the FTSE Future, and probably about right for a trader that has between £1k and £5k on account.  The margin for each of these trades would be between £200 and £1,000 depending on what broker you are using (IG = £230, Core Spreads = £430, Cap Spreads = £1,000 – of course you can reduce these initial margin amounts with stops/hedges etc.)

In a comparison of spreads taken at 3pm on  Monday IG, City Index, ETX, CMC and Cap Spreads all quote a spread of one point, Core Spreads quotes 0.8.  So, if you trade three round trips a day, five days a week it’s going to cost you £7,800 with the established brokers or £6,240 in trading costs with Core Spreads.  Over a year you’ll save £1,560 or 20%.  If you’re scalping that 20% can make a massive difference.  It can also buy access to a pretty decent stand alone technical and analysis platform.

Does Core Spreads have a demo account

Yes you can get a demo account here. It’s always important to take a trading platform out for a test drive before committing.  Most trading platforms offer the same trading features and order types so personal preference is normally determined by the look and feel.

Get a feel for the Core Spreads trading platform without being added to an email marketing list or being bothered by salesmen.

Core Spreads trading platform review

It has all the usual features, watch lists, basic charts, a wide range of order types, but as we covered earlier, all the extras such as news feeds etc, have been stripped out to reduce costs and narrow the spreads.  There are about 2,000 instruments to trade including all the  major FX pairs, commodities, indices and fixed income products.  Equity coverage is as good as the rest and stops around the £50m mkt cap range.

Core Spreads loyalty scheme

The Core Spreads Loyalty Scheme rewards traders that trade with them on the Core Trader platform and who help us grow. You earn Core Points and at the end of the month your total determines your spread or commission rebate % in the following month.

FCA regulation & financial security

Core Spreads is an appointed representative of FINSA Europe and headed up by Stuart Lane (CEO) who has a solid 30 years experience and previously served at ETX and IG. Whilst there is only one entry on the FCA register for Core Spreads, being an appointed rep of FINSA there are some experienced industry professionals who are regulatory responsible for the business.

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

It’s always tricky lodging funds with smaller brokers as there is a greater risk of default.  However funds are protected by the Financial Services Compensation Scheme (FSCS).  This scheme protects up to £50k and £85k of deposits and investments if a firm is declared in default.  You can read more about the compensation limits of the scheme here.

Are Core Spreads any good?

It’s amazing that spreads can get any tighter.  In the underlying market the FTSE for example trades in 0.5 ticks so it’s only a matter of time before some crazy spread betting broker starts offering zero spreads.  In the meantime, if you are an active trader, who jobs about in index, FX and commodities on an intra-day basis Core Spreads is certainly worthy of an account.

On the basis that most traders have several accounts Core Spreads has positioned itself well to provide exactly what traders need in these specific markets.  A cut back platform that cuts costs and can increase your trading profits (or at the very least narrow your losses).

Use this link to register for a initial deposit bonus of up to £10,000

Core Spreads company history

core spreadsCore Spreads was founded in 2014 and they offer the tightest spreads in the industry.  It’s a small lean firm that focuses and reducing trading costs. They don’t offer anything other than tight spreads on a good solid platform and focus on their core product – cost effective market access.

Key Features of Core Spreads that make them different

  • Tight fixed spreads
  • Simple platform

Rebate scheme for Core Spreads clients

Up to 50% of your first month’s spread revenue

Core Spreads range of markets on offer

It’s good, but not great.  But, because Core Spreads focus on providing such tight spreads, it would be unrealistic for them to do so on a wide product range.  They do offer a few thousand assets, but the key point is that the top 20 traded asset classes have the tightest spreads in the industry.

Core Spreads pricing and spread width

There is no other broker that provides tighter spreads

  • UK Index 0.8 points
  • Apple 2 points
  • Gold 4 points
  • GBPUSD 0.9 pips
  • EURUSD 0.7 pips
  • Brent 4 points

Core Spreads Plus Points

  • Tight spreads
  • Simple platform

Core Spreads Negative Points

  • No added value
  • No education
  • No research, data, signals

Trading Platforms from Core Spreads

Core Trader is very simple and easy to use.  They also offer a trading platform demo where you can try the platform without handing over any personal details. They also offer MT4.

Overall Verdict for this Core Spreads review

An excellent broker for price sensitive traders.  They offer the tightest spreads around so if you are jobbing around in the major FX pairs and indices all day this should suit you right down to the ground.

Core Spreads, Commission and Financing Costs

They are tight, the clue is in the name. The spreads are whittled down to the core.

See full list of spreads here

Core Spreads Latest News, Views, Reviews and Guides

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