CFD broker Core Spreads: detailed review and analysis of client feedback
## CFD broker Core Spreads: review and client feedback analysis
Core Spreads is a company specializing in providing clients with access to financial markets through innovative trading platforms. In addition, traders can trade 30 popular currency pairs, precious metals, oil, and other commodities.
Company Overview
CFD broker Core Spreads is a trading brand of Finsa Europe Ltd, founded in 2014 and registered in the UK. Its central office is located in London, and its operations are regulated by the Financial Conduct Authority (FCA).
It is crucial for a broker to provide accurate information about its licenses, as only the regulator can protect clients’ interests in case of disputes. Research has shown that Core Spreads’ license from the FCA is missing, which may raise doubts among clients.
Trading Conditions
Core Spreads offers decent conditions for novice traders, such as a minimum deposit of 1 unit and a minimum order of 0.1 lots. Additionally, the broker provides leverage of 1:200, which is an attractive offer.
The website corespreads.com presents both fixed and variable spreads starting from 0.3 points. After registration, clients gain access to hedging and scalping. The registration process is standard and takes a minimal amount of time.
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The broker offers only 2 trading accounts, each corresponding to a specific platform. By choosing a trading platform, the trader automatically determines the account type and the set of services and features provided.
In case of technical issues, clients can seek assistance from the customer support available by phone or email. The support operates 24/5. Reviews from international clients indicate a high level of service, unlike reviews about the Russian support.
Trading Platforms
Core Spreads offers clients 2 trading platforms:
- The classic MetaTrader 4 platform for trading CFD contracts with variable spreads and a commission of 1.5 units per lot.
- CoreTrader – Core Spreads’ proprietary platform for spread betting with fixed spreads through a browser without the need for additional software installation.
Clients can open a demo account on any of the platforms. The demo account is an educational account with a balance of 10,000 virtual British pounds, which operates without time restrictions and is accessible via a mobile app.
VIP Service
To receive exclusive trading conditions on the Core Spreads platform, clients must meet 2 out of 3 criteria listed on the website.
- Conduct 10 trades quarterly for 4 quarters with a significant investment volume,
- Own a portfolio of financial assets worth at least 500,000 euros,
- Have experience as a financial consultant and knowledge of derivatives.
Additional Privileges
Core Spreads offers new clients a welcome bonus that increases the deposit by 50% one month after trading begins. The bonus cannot be withdrawn but can be used to boost investments.
The broker also provides clients with the opportunity to earn passive income through an affiliate program, where partners earn commissions for referring new clients.
Deposit and Withdrawal Methods on corespreads.com
Deposits and withdrawals can be made via bank transfers and cards, without using electronic payment services. This may cause negative reactions among some clients, as noted in reviews.
Client Feedback on Core Spreads
Reviews of Core Spreads on Russian-speaking forums are mostly negative, citing complaints about service quality and order execution. However, on international forums, the broker receives positive feedback for its loyalty program and tight spreads.
Review Summary
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Core Spreads provides access to various financial instruments through CFD contracts and spreads. However, inaccurate license information and negative reviews on Russian platforms may raise doubts. The company is likely oriented towards Western traders. If there are arguments influencing the evaluation of Core Spreads’ activities, leaving feedback is recommended.
Author: Sasha Chaika
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