CORESPREADS RATING -OVERALL SCORE {77.2%} (?)

 

CoreSpreads is a FCA-regulated CFDs & Spread Betting financial firm, founded in 2014. The broker is offering simplicity, tight spreads, and a wide variety of financial instruments.

■ Deposit Requirements: 1 USD

■ Funding: Cards | Bank Wire

Account Currencies: EUR, GBP, USD

■ Platforms: MetaTrader-4 |Core WebTrader | Mobile Traders

■ Customer Support: English

CoreSpreads Website

Chart: CoreSpreads Basic Ratings (Based on ForexRating Formula 5.0)

The RatingFormula 5.0 gives a good rating as concerns safety of trader's funds and technology.

Chart: CoreSpreads Special Ratings

 

CORESPREADS RATING SUMMARY

The following table contains CoreSpreads's rating summary based on (i) three rating aspects, (i) three experience levels, and (iii) three trading styles.

FOREX BROKER RATING (MAX 100%)
  • CORESPREADS FUNDS SAFETY
88.4%
  • CORESPREADS TRANSACTION COST
69.6%
  • CORESPREADS TRADING OPTIONS AVAILABLE
73.2%
  • CORESPREADS TECHNOLOGY
78.1%
  • OVERALL RATING
77.24%
TRADING EXPERIENCE  
  • CORESPREADS FOR FOREX BEGINNERS
78.9%
  • CORESPREADS FOR ADVANCED FOREX TRADERS
68.0%
  • CORESPREADS FOR PROFESSIONAL FOREX TRADERS
60.7%
TRADING STYLE  
  • CORESPREADS FOR INTRADAY TRADERS
67.2%
  • CORESPREADS FOR SWING TRADERS (MID-TERM)
75.5%
  • CORESPREADS FOR CARRY TRADERS (LONG-TERM)
54.4%

CORESPREADS DETAILED RATING REVIEW

CORESPREADS RATING ANALYSIS    
CORESPREADS TOTAL RATING   100.0% CoreSpreads
      77.24% FULL ANALYSIS
A. CORESPREADS  SAFETY OF FUNDS MAX WEIGHT→ 28.0% 24.74% Rating the CoreSpreads Safety
A.1 CoreSpreads License / Regulation FCA (UK) = 10.0% | FINMA (Swiss) = 10.0% | NFA/CFTC (US) = 10.0% | BAFIN (GE) = 8.0% | ASIC (AU) = 8.0% | FSC (NZ) = 6.0% | CYSEC (Cyprus) = 6.0% | HCMC (GR) = 3.0% | FSC (BVI) = 1.0% | MiFID (EU) = +0.5% rating 10.0% 10.00% CoreSpreads is regulated by the FCA UK (No 525164) = 10% rating | Total =10.00%
A.2 CoreSpreads Client Compensation in Case of Insolvency Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
5.0% 5.00% CoreSpreads offers client compensation (in case of insolvency) up to 50,000 GBP through FCA = 5.0% rating
A.3 CoreSpreads Country of Headquarters UK, USA, Germany, France, Canada, Switzerland, and similar = 5.0% rating | Australia, New Zealand  = 4.0% rating | Ireland, Spain, Italy, Cyrpus, and similar countries = 3.0% rating | Greece, Malta, South Africa = 2.0% rating | Offshore Countries = 0% 5.0% 5.00% CoreSpreads maintains headquarters in the UK = 5.0%
A.4 CoreSpreads Years in the Market 10+ Years of Operation = 5.0% rating | 5-10 Years of Operation = 4.0% rating | 2-5 Years of Operation = 2.0% rating | 0-2 Years of Operation = 0% 5.0% 2.00% CoreSpreads was found in 2014 (2-5 years) = 4.0% rating
A.5 CoreSpreads Client Account Segregation Client bank account segregation =  2.5% rating | No = 0.0% 2.5% 2.50% CoreSpreads provides client bank segregated accounts = 2.5%
A.6 CoreSpreads Web Ratings ForexPeaceArmy Rating = 0.5% rating 0.5% 0.24% CoreSpreads ForexPeaceArmy Rating is 2.4/5.0 = 0.24% rating
A.7 (+) CoreSpreads ADJUSTING RESULTS        
A.7.1 CoreSpreads Corporate Size 1 million Trading Accounts = +1.0% rating | 500,000+ Accounts = +0.5% rating | 250,000+ Accounts = +0.25% rating 1.0% 0.00% CoreSpreads handles less than 250,000 accounts = 0% Rating
B. CORESPREADS TRANSACTION COST MAX WEIGHT→ 28.0% 19.50% Rating the CoreSpreads Transaction Cost
B.1 CoreSpreads spread on EURUSD <0.3 pip = 7.0% rating | <0.4 pip = 6.5% | <0.5 pip = 6.0% | <0.6 pip = 5.5% | <0.7 pip = 5.0% | <0.8 pip = 4.5% | <1.0 pip = 4.0% | <1.25 pip = 3.5% | <1.50 pip = 3.0% | <1.75 pip = 2.5% | <2.00 pip = 2.0% | <2.25 pip = 1.5% | <2.50 pip = 1.0% | <2.75 pip = 0.5% 7.0% 5.00% Typical CoreSpreads EURUSD spread is 0.7 pip = 5% rating
B.2 CoreSpreads spread on GBPUSD <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating 4.5% 4.00% Typical CoreSpreads GBPUSD spread is 0.9 pips = 4.0% rating
B.3 CoreSpreads spread on USDJPY <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating 4.5% 4.00% Typical CoreSpreads USDJPY spread is 0.9 pips = 4.0% rating
B.4 CoreSpreads Trade Commissions No Commissions = 7.0% rating | Commissions < $1.0 / lot = 6% rating | < $1.5 / lot = 5% rating | < $2.0 / lot = 4% rating | < $3.0 / lot = 3% rating | < $4.0 / lot = 2.0% rating | < $5.0 / lot = 1% rating |  < $6.0 / lot = 0.5% rating | Higher Commissions = 0% rating  7.0% 3.00% CoreSpreads charge $3.0/lot trading commissions on the tested account type = 3.0%
B.5 CoreSpreads Overnight (SWAP) rates Cost < $1.5 = 2.00% rating | Cost < $2.0 = 1.75% | Cost < $2.5 = 1.50% | Cost < $3.0 = 1.25% | Cost < $3.5 = 1.00% | Cost < $4.0 = 0.75% | Cost < $4.5 = 0.50% | Cost < $5.0 = 0.25% 2.0% 0.50% CoreSpreads rollover on a Long EURUSD trade worth 1 lot ($100,000) is -$2.4 | CoreSpreads rollover on a Short EURUSD trade worth 1 lot ($100,000) is -$2.0 | Total cost in absolute value is $4.4, rating = 0.50%
B.6 CoreSpreads Commissions on Funding No Funding Fees = 2.0 % rating | One (1) Free Withdrawal Per Month = 1.0 % rating | Funding Fees Without Free Withdrawal = 0 % rating  2.0% 2.00% CoreSpreads does not charge withdrawal commissions = 2.0% rating
B.7 CoreSpreads Inactive Fees No Inactive Fees = 1.0 % rating | Yes Inactive Fees = 0 % rating 1.0% 1.00% CoreSpreads does not charge Inactive Fees  = 1.0% rating
B.8 (+) CoreSpreads ADJUSTING RESULTS        
B.8.1 CoreSpreads Execution Model ECN Execution = +2.0 % rating | STP = +1.5 % rating | Dealing Desk = +0.0% rating 2.0% 0.00% Dealing-Desk = 0%
C. CORESPREADS TRADING OPTIONS MAX WEIGHT→ 28.0% 20.50% Rating the CoreSpreads Options for Traders
C.1 CoreSpreads Forex Asset Index 45+ Pairs = 8.0% rating | 40+ Pairs = 7.0% rating | 35+Pairs = 6.0% rating | 30+ Pairs = 5.0% rating | 25+ Pairs = 4.0% rating | 20+ Pairs = 3.0% rating | 15+  Pairs = 2.0% rating | 10+ Pairs = 1.0% rating | Less than 10 Pairs = 0% rating 8.0% 6.00% CoreSpreads Provides 39 Forex Pairs = 6.0% rating
C.2 CoreSpreads CFDs CFD Trading on MT4 = 2.5% rating | CFD Trading on WebTrader = 1.5% rating | No CFDs = 0.0% 2.5% 2.50% CoreSpreads offers CFD trading = 2.5% rating
C.3 CoreSpreads CFDs on Futures CFDs on Futures = 1.5 % rating | No CFDs on Futures = 0.0 % rating 1.5% 1.50% CoreSpreads Offers CFDs on Futures (Commodities) = 1.5% rating
C.4 CoreSpreads Free Practice Account Practice Account = 2.0 % rating, No = 0.0 % rating 2.0% 2.00% CoreSpreads Provides a free Demo/Practice account = 2.0% rating
C.5 CoreSpreads Trading Leverage Leverage > 100:1 = 1.0% rating | Leverage > 75:1 =0.75% rating Leverage > 50:1 = 0.5% rating 1.0% 1.00% 175:1 max Trading Leverage = 1.0% rating
C.6 CoreSpreads Bonus/Rebate Promotions   5.0%    
C.6.1 CoreSpreads Welcome Bonus (%) Welcome Bonus >50% = 5% rating | Bonus >40% = 4% rating | Bonus >30% = 3% rating | Bonus >20% = 2% rating | Bonus >10% = 1% rating   2.50% 50% Welcome Bonus (Not Withdrawable) = Half points of 5.0% rating = 2.5% final rating
C.6.2 CoreSpreads Trading Rebate (%) Trading Rebate >30% = 5% rating | Rebate >25% = 4% rating | Rebate >20% = 3% rating | Rebate >15% = 2% rating | Rebate >10% = 1% rating | Rebate >5% = 0.5% rating   0.00%  
C.7 CoreSpreads Min. Account Size Min Account < $100 = 2.00% | Min Account < $250 = 1.50% rating | Min Account < $500 = 1.00% rating | Min Account < $1,000 = 0.50% rating 2.0% 2.00% The min. deposit amount is $1 = 2.0% rating
C.8 CoreSpreads Number of Deposit Methods For every deposit method = 0.5% rating | max = 5 methods 2.5% 1.50% CoreSpreads offers Bank Wire, Credit Cards and Debit Cards as deposit methods = 1.5% rating
C.9 CoreSpreads Number of Withdrawal Methods For every withdrawal method = 0.5% rating | max = 5 methods 2.5% 1.50% CoreSpreads offers Bank Wire, Credit Cards and Debit Cards = 1.5% rating
C.10 Minimum Stop-Order Levels (in pips) 2 pips or less = 1% rating | 3 pips or less = 0.5% rating | 4 pips or less = 0.25% rating 1.0% 0.00% CoreSpreads offers 5 pips minimum stop-out order distance = 0.0% rating
C.11 (+) CoreSpreads ADJUSTING RESULTS        
C.11.1 Offering more than 100 Forex Pairs Offering more than 100 Pairs = 1.0 % rating / No = 0 % rating 1.0% 0.00% 39 Forex pairs = +0% rating
C.11.2 Paying Interest on unused funds Paying interest on Unused Funds = 0.50 % rating No = 0.0 % rating 0.5% 0.00% No = +0%
C.11.3 CoreSpreads Contests Contests = 0.25 % rating | No = 0 % rating 0.25% 0.00% CoreSpreads offers no competitions = +0.00% rating
D. CORESPREADS TECHNOLOGY MAX WEIGHT→ 16.0% 12.50% Rating the CoreSpreads Technological Efficiency
D.1 CoreSpreads Trading Platforms Availability For every Platform = 1.0% | max = three (3) platforms 3.0% 2.00% CoreSpreads offers MT4 and Core Webtrader = 2.0% rating
D.2 Trading-On-Charts Offering Trading-On-Charts = 1.0 rating | No=0% 1.0% 1.00% CoreSpreads is offering 'Trading-On-Charts' = 1.0% rating
D.3 CoreSpreads Slippage on Execution Slippage < 1.00 pip = 1.0% rating | < 1.25 pip = 0.75% rating | < 1.50 pip = 0.5% rating | < 1.75 pip = 0.25% rating 1.0% 0.00% CoreSpreads Slippage on execution is over 1.75 pip = 0.0% rating
D.4 CoreSpreads Automated Trading Allowance Automated Trading is Allowed = 2.0 % rating  / No = 0 % rating 2.0% 2.00% CoreSpreads allows automated trading = 2.0% rating
D.5 CoreSpreads MT4 Platform Availability MT4 is Provided = 2.0 % rating / No = 0 % rating 2.0% 2.00% CoreSpreads offers the MT4 platform = 2.0% rating
D.6 CoreSpreads Mobile Apps iOs= 1% rating | Android = 1% rating | Windows Mobile is 0.5% rating | max = 2% rating points 2.0% 2.00% CoreSpreads offers an MT4 App for iPhone and Android = 2.0% rating
D.7 CoreSpreads Allowing Scalping / Hedging Yes, both are allowed = 1.0 % rating | Only Hedging / Scalping = 0.5% rating | Both are Forbidden = 0 % rating 1.0% 0.50% CoreSpreads forbids Scalping and allows Hedging = 0.5% rating
D.8 CoreSpreads Customer Service 24/7 Support = 1.0 % rating | 24/6 Support = 0.5 % rating | 24/5 Support = 0 % rating | email support = 1.0% rating | Phone support = 1.0 %. | Live Chat support = 1.0% | Skype support = 1.0 % | Forum support = 1% | Call-Back = 0.5 % rating 4.0% 3.00% CoreSpreads offers 24/5 Customer support = 0%, via eMail, Phone, Live Chat = 3.0% | Total rating is 3.0%
D.9 (+) CoreSpreads ADJUSTING RESULTS        
D.9.1 CoreSpreads PAMM / MAM Accounts PAMM / MAM Accounts = +0.5% rating | No = 0 % rating 0.5% 0.00% CoreSpreads is not offering PAMM/MAM accounts = +0.0%
D.9.2 CoreSpreads Free VPS Free VPS = +0.5% rating | No = 0 % 0.5% 0.00% CoreSpreads is not offering a free VPS hosting service = +0.0%
D.9.3 CoreSpreads API Trading API trading = +0.5 % rating | No API = 0.0 % rating 0.5% 0.00% CoreSpreads is not offering API trading = +0.0%
    TOTAL CORESPREADS RATING 77.24%  

 

 

CORESPREADS LICENSES AND LEGAL INFORMATION

The broker belongs to Finsa Europe Ltd, a UK firm.

  • CoreSpreads is the trading name of Finsa Europe Ltd (Tower Bridge Business Centre, 46 – 48 East Smithfield, London E1W 1AW)
  • Finsa Europe is registered in England and Wales under number 07073413
  • Finsa Europe is regulated by FCA UK (No 525164)
  • CoreSpreads covers up to 50,000 GBP per client in case of corporate insolvency (FCA UK scheme)
  • The broker uses Barclays Bank for holding client funds (client bank account segregation)

 

 

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■CoreSpreads Rating Review

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