Abstract：Core Spreads was founded in 2014 and is a Forex and CFD broker based in Australia. Core Spreads' official website does not indicate that it is subject to any active regulation.
General Information & Regulation
Core Spreads was founded in 2014，and is a Forex and CFD broker. Core Spreads claims that it is a trading name of Finsa Europe Ltd (a company registered in England and Wales under number 07073413) which isauthorised and regulated by the Financial Conduct Authority (under firm reference number 525164). Howver, After looking through FCA official webiste, no Finsa Europe Ltd is found on the reguation list. Therefore, this broker is likely an unregulated broker that traders should get away from.
Core Spreads provides investors with financial instruments including Forex currency pairs, indices, gold, silver, stocks, and commodities.
Core Spreads offers one trading accounts for all investors, requiring no minimum initial deposit, which seems the good options for regular traders to get started. However, since Core Spreads is an unregulated broker, traders should get away from it.
Core Spreads Leverage
In respect to trading leverage, the maximum leverage level for major forex pairs is capped at 1:30, 1:20 for minor pairs and 1:10 for commosities.
Spreads & Commissions
Spreads start at 0.6 pips for EURUSD, 1.2 pips for EURGBP, 2.2 pips for GBPAUD, 0.6 pips for AUDUSD, and commissions start at 1.25 EUR/1.40 EUR/1.5 USD per lot. Australian 200 Index (AUS200) spreads start at 1 pip and spreads for Germany 30 start at 1 pip with no commission payable. Spreads start at 3.5 pips for UK Crude Oil (Brent) and 3.5 pips for US Crude Oil (WTI) with no trading commissions. XAUUSD spreads start from 0.3 pips, and XAGUSD spreads start from 0.3 pips with trading commissions of 1.25 EUR / 1.40 EUR / 1.5 USD per lot.
Core Spreads offers traders CoreTrader, the spread trading platform that provides industry-leading & low-cost trading and sharp execution, along with all the tools needed to manage risk accurately. Core MT4, the leading forex trading platform that may giving traders access to market-leading floating spreads and lower commissions in the industry.
Deposit & Withdrawal
Core Spreads supports traders to deposit and withdraw funds to and from their investment accounts via VISA, MASTERCARD, POLi.
Customer service support is based in London. The customer support is providing 24-hour, available in email and live chat.