CoreSpreads review and ratings

Established 2014
Location Australia UK
Regulation FCA, ASIC
Offices London, Sydney
Broker type STP
Leverage up to 1:30
Deposit from 10 USD
Spreads low  low
Platforms Web MetaTrader 4 Specific
Instruments Currencies Crypto Indices Metals Energies Stocks Bonds
Funding methods Wire Transfer Credit Cards POLi

Important update: Currently it's not possible to open a new account with CoreSpreads. They got rebranded as Trade Nation.

Company information

CoreSpreads group includes 2 related companies.

CoreSpreads UK - located in the United Kingdom, regulated by the Financial Conduct Authority (FCA).
CoreSpreads AU - located in Australia, regulated by Australian Securities and Investments Commission (ASIC).

Be aware, UK company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.
Unfortunately, AU company also has been imposed with trading leverage limitations by ASIC since the end of March 2021.

Availability

CoreSpreads group accepts clients from all over the world, excluding USA, Canada, Belgium, Russia, Iran, Israel and some other countries where restrictions apply.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

30+ Currency Pairs Based on major and minor world currencies.
3 Crypto Pairs Based on Bitcoin, Ethereum, Ripple.
12 Indice Cash CFDs Based on baskets of different blue-chip stocks.
8 Indice Futures Based on baskets of different blue-chip stocks and US Dollar Index.
2 Metal Spot CFDs Based on Gold and Silver.
6 Metal Futures Based on Aluminium, Copper, Lead, Nickel, Silver and Zinc.
2 Energy Futures Based on Crude Oil (WTI, Brent).
3 Bond Futures Based on UK and German government securities.
500+ Stock CFDs Based on shares of US, UK and EU companies.

Most of Stock CFDs are available at CoreTrader platform.

Comprehensive review

Founded in 2014, Core Spreads is a forex broker which has taken upon itself a mission to simplify online trading, offering just a single account type with fixed and tight spreads on all trading instruments. As spreads always stay the same, this broker is an ideal option for serious and professional traders who need to keep their trading costs predictable and low. For the EUR/USD – the most traded currency pair today – the spread is fixed at 0.6 points with Core Spreads.

In 2017, Core Spreads was awarded “Best Value Forex Broker” by UK Forex Awards, which serves as yet another indication that this broker is indeed laser-focused on keeping spreads and other trading costs as low as possible for traders.

The broker is locally registered and regulated in both the United Kingdom and Australia, which means it is overseen by world-leading financial regulatory agencies in Australia (ASIC) and the UK (FCA). Following a recent regulatory tightening in Australia, however, the available leverage and other trading conditions are now almost identical in both jurisdictions.

Core Spreads has a pretty large selection of CFDs on individual stocks available, with more than 500 such instruments to choose from. This comes in addition to more than 30 popular forex pairs, major cryptocurrencies, commodities, British and German government bonds, as well as spread betting on a variety of underlying assets.

It’s worth nothing that the available markets and specific trading conditions vary slightly between the UK-regulated entity found at corespreads.com and its Australian counterpart at corespreads.com.au.

The trading platforms available from Core Spreads include the always-popular MetaTrader 4 (MT4), as well as the broker’s own web-based trading platform known as CoreTrader. The CoreTrader platform is clearly designed with the user in mind with a well-organized and minimalistic interface, as well as advanced charting and order placement capabilities. The platform is available for both desktop and mobile devices.

The broker has also published a long range of video tutorials detailing every aspect of its CoreTrader platform. The videos cover everything from how to place trades, analyze charts, and review the transaction history. This certainly makes it easy to switch over from other trading platforms for new CoreTrader users, and we appreciate the effort Core Spreads has put down to make this transition smooth for traders.

Core Spreads Australia is currently offering a great welcome bonus for users of the CoreTrader platform where new traders get 50% off of their trading costs during their first month of trading. The bonus can be claimed retroactively by emailing the broker’s customer support department after completing one month of trading, and the broker will then proceed to credit the account with 50% of the amount paid by the trader in the form of spreads for that month. The trader is free to either withdraw the bonus amount or re-invest it in the market.

In addition to the welcome bonus mentioned above, the Australia-based broker also offers a loyalty program for traders. The program essentially rewards loyal customers for trading with Core Spread, offering tighter spreads for the more active traders in a way that is very straightforward and easy to understand.

Both the London and Sydney offices of Core Spreads are open 24 hours a day on all trading days, with a dedicated phone number directly to the trading desk. Less urgent customer service matters can also be resolved via email or live chat.

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