Core Spreads, founded in 2014, is a spread betting and CFD broker headquartered and regulated in the United Kingdom.
You claim that you operate a STP (straight through processing) back-office model. They offer the possibility of trading through spread-betting.
The not can be very advantageous bets for the British taxpayer, as profits from spread, are subject to capital gains tax (CGT) in the UK at the time of writing this review. A wide range of assets for trading of Forex currency pairs, 11 of the most important equity indices and a few commodities (gold, silver and crude oil), as well as a number of major UK, European and us equities/shares, the latter Packed three categories as CFDs (Contracts for Difference).
Although there are two account types to choose from with Core Spreads, the trading conditions are virtually the same for both. The difference lies in whether or not a spread betting account is opened using the user-defined core trader platform, or a normal account with the MetaTrader 4 platform. Core Spreads are proud of a no gimmicks approach, when it comes to your core offer. Technically, there is no minimum Deposit but customer may be required to pay a minimum of $10 to cover the minimum margin for the smallest trade. Spreads are competitive, with Core Spreads, the claim that a fixed spread-betting offer from 0.7 pips on the benchmark GBP/USD currency pair, the in a floating spread plus Commission is around 1.2 pips, if traded as a CFD.
A maximum leverage of 200 to 1 can be used on the broker has its own platform and the minimum trade size for Forex is 1 microlot (0.01 for the full amount). Leverage of 100 to 1 is not on the MT4 platform.
A demo account is available, as is typical for almost all spot Forex and CFD brokers.
A wide range of over 30 Forex currency pairs, 11 of the most important equity indices, 4 commodities (gold, silver, and both WTI and Brent crude oil), plus a selection of the most important British, European and American stocks/shares are offered to the trade.
The most remarkable properties of Core Spreads is to emphasize that they offer good liquidity, competitive spreads, and only a few restrictions to trade on a wide range of markets, including stocks and shares. Although scalping is not allowed automated trading is possible if you the MetaTrader 4 trading platform.
Core Spreads offers the choice between two trading platforms: the popular MetaTrader 4 platform or their own platform-core trader. Expert Advisors can be run through the MetaTrader 4 platform. Core trader can be used as a spread betting platform and has received some positive reviews from users.
Core Spreads are proud to keep things simple, so that you find many of the bells and whistles, which are often touted in the industry. Instead, emphasize your goals modest, and offers a great service in three areas: cost of trading, platform technology, and customer service. We find this a refreshing approach, and consider all the broker has to be through the very onerous process of securing approval from the UK regulatory authorities, the put is worth serious.