Reviews of Core Spreads Activity
The British broker Core Spreads, rebranded as Trade Nation, offers clients a wide range of trading instruments, transparent conditions, and fund protection secured by the regulator’s license. Reviews about the company are diverse, making it difficult to make final conclusions about the broker’s reliability. In this review, we will examine the activities of Core Spreads and its cooperation conditions to help you make a decision on opening an account.
Brand History and Company Structure
Core Spreads is part of the English group of companies Finsa Europe Ltd, founded in the UK back in 2009. The company operates in accordance with the law and is regulated by the FCA, having all the necessary documents. The office is located in London, and contact information can be found on the official website.
It is important to note that in February 2021, Core Spreads rebranded and became part of Trade Nation. Now all operations, including transactions and accounts, are carried out on behalf of Trade Nation. Existing Core Spreads user accounts were closed on July 2, 2021, and the registration of new clients is automatically redirected to the Trade Nation website. In the past, the company had cases of frequent name changes, sometimes due to negative reviews.
License of the Central Bank of Russia to Provide Services
For traders from Russia, it is important to consider the broker’s license to protect their rights. Despite having licenses from FCA, ASIC, etc., a check in the Central Bank of Russia’s database did not show a license from the Russian regulator for Trade Nation. This may affect the protection of the interests of Russian traders, so it is worth paying attention to this when choosing a mediator.
Cooperation Conditions and Technical Solutions of Trade Nation
Trade Nation offers a wide range of tools and trading platforms suitable for both beginners and experienced traders. On the platform, you can trade stocks, metals, currencies, and other instruments. Once you have access, you can use a demo account for practice or start trading on a real account. The platform offers tight spreads, which is one of its advantages, although they may not be available for all assets. The broker also provides access to its own Trade Nation platform and the MetaTrader 4 platform for CFD trading.
Broker’s Work Reviews and Trader Risks
User reviews on the behavior of both Core Spreads and Trade Nation are diverse, including both positive and negative comments. Traders should assess the risks associated with the lack of regulation in Russia and the use of the broker’s own platform. High leverage and other factors may affect the success of trading with the intermediary.
Conclusions
General information about the broker Core Spreads (Trade Nation) allows making final conclusions about the reliability and convenience of trading with the company. Considering the history of rebranding and the absence of a license from the Central Bank of Russia, traders should carefully study the conditions and risks associated with cooperation with this broker.
