Unique Loyalty Scheme
Core Spreads operates an ongoing Loyalty Scheme for clients who trade on the proprietary Core Trader platform. Conveniently, when clients open a Core Trader account, they are automatically included in the Loyalty Scheme. We found the scheme simple and transparent, with traders earning ‘Core Points’ on spread trades executed every calendar month, potentially resulting in unconditional loyalty bonuses in the form of cash rebates. To qualify for a loyalty bonus on the following month’s spreads or commissions, the points total must fall within the rebate ladder at the end of the previous month.
Demo Accounts at Core Spreads
Demo accounts are available for both trading platforms, mirroring the functions and features of live accounts on those platforms. Traders interested in opening a demo account can go to ‘Platforms’ on the dashboard of the Core Spreads website and fill in a simple form with name, email and telephone number. Additionally, they must indicate the platform they want to practice on, and they will be given a virtual £10,000 to develop their trading skills by Core Spreads.
We saw that the Core Trader demo account does not have an expiry date and allows traders to keep up to 500 transactions open at the same time. By registering a Core Trader demo account, traders can download the mobile app to mobile devices and trade on the move. Traders choosing the MT4 demo account can download the platform for desktop and mobile trading, on the Core Spreads website or wait for an email explaining exactly how to do the download the software. We think that it’s worth noting that an inactive MT4 demo account expires after 30 days unlike the Core Trader account.
Live Trading Account
Core Spreads offers customers the possibility of opening a live trading account on one of two trading platforms. Unlike most online brokers, there is a nominal £1 minimum deposit requirement to open a trading account at Core Spreads and a £1 minimum trade size.