Core Spreads
Finsa Europe Ltd owns the brand name Core Spreads, which is registered in England and regulated by the Financial Conduct Authority (FCA). Broker is relatively new in the industry, since 2013. The companyВ offers online trading of currency pairs, shares, indices and commodities.
There are two platforms – the company’s own platform called CoreTrader and the popular MetaTrader 4 (MT4). CoreTrader provides more financial instruments for trading including European and US shares and is available as web-based and mobile versions. It is designed mainly for spread betting without commission, all costs are included in the spread. However, only CoreTrader offers fixed spreads trade.
The broker claims to have tighter spreads and gives some examples on its website such as 0.7 pips for EUR/USD and 0.9 pips for GBP/USD. Its Order Execution Policy informs about possible existence of slippage during the market orders execution. Ordinary pending orders are not guaranteed and can be executed at a worse than expected price. The company also offers guaranteed stop loss orders, but their availability depends on the market, they are offered for a limited range of contract and the client could be charged additionally.
Clients can enjoy the fees free credit or debit card transactions and the lack of minimum deposit requirement.
Core Spreads doesn’t tolerate scalping and may terminate client’s contract, if scalping activity has been identified.
This company has a slightly different view on proposed business services. It doesn’t provide ‘free add-ons that clients already have or don’t need’ such as real time financial news and focuses on offering ‘permanently tight, fixed spreads and noise-free trading’.
Traders should note that there is no negative balance protection and they could owe money to the broker.
