TECHNICAL FOREX

 

 THE HOME OF FOREX TECHNICAL ANALYSIS

  • HOME

  • ABOUT

  • FORUM

  • COURSES

  • BLOG

  • BROKERS

  • MORE

    • Members
    • Forex Trading Books
  • More

    Use tab to navigate through the menu items.
    • Facebook - White Circle
    • Twitter - White Circle
    • YouTube - White Circle
    • Instagram - White Circle
    • LinkedIn - White Circle
    To see this working, head to your live site.
    • Categories
    • All Posts
    • My Posts
    RapperUK
    Feb 20, 2019

    Core Spreads, stay away

    in Broker Reviews

    First of all, their execution is like waiting in-line at Aldi or Lidl, there will always be a queue... I feel like executing a trade takes forever with these guy's.


    I will list my main concerns about Core Spreads and why I think they are a bad choice when it comes to Forex brokers...


    1. Execution (as mentioned above)

    2. I had a friend that went long. Their platform then froze so he could not place a stop-loss. When the platform re-opened he had lost £10,000! Okay, he was way over-leverage and risking far too much. The concern I wish to raise is not my friend's stupidity (I have tried raising this with him), it is the unreliability of their platform. If it goes down and you are half-way through placing a stop-loss or take profit, it will not be honoured. My friend lost so much and they would not even apologise for the outage, let alone offer him some sort of refund.

    3. Their affiliate program is a scam. I use to refer traders to them. They opened live accounts and traded. Some of them a lot. No affiliate payment was ever given to me. On my affiliate account, my account balance is zero... Not a penny.

    4. Spreads seem okay but you get stopped-out for no reason. I feel like their spreads either widening drastically in a split second (faster than the human eye) or there are major issues with their trading software. You open a trade, price is 5 pips from your stop (including spread), the spreads don't widen, there is no news, and the position is gone! Like magic! Black magic...


    Anyway, you are much better off with other brokers. Not sure why you would ever open an account with a market maker anyway. I think most do this out of ignorance.


    Peace out.



    17 comments
    Munizan
    May 19, 2019

    I couldn't see how many other people could loss like 10k GBP on any other reason than their own stupidity and nothing else really. Please make it happen for sure. Regarding affiliate account got you, sounds like a total scam really and no less than that for sure.

    champagnelennie44
    Nov 07, 2019

    Good info, thanks for sharing this info with us.

    0
    mrseo
    Jun 28, 2021

    I feel very grateful that I read this. It is very helpful and very informative and I really learned a lot from it.

    0
    mrseo
    Jun 28, 2021

    A good blog always comes-up with new and exciting information and while reading I have feel that this blog is really have all those quality that qualify a blog to be a one.

    0
    mrseo
    Jun 28, 2021

    We are tied directly into the sate’s renewal database which allows us to process your request almost instantly.

    0
    mrseo
    Jun 28, 2021

    It's really nice and meanful. it's really cool blog. Linking is very useful thing.you have really helped lots of people who visit blog and provide them usefull information.

    0
    mrseo
    Jun 28, 2021

    Well we really like to visit this site, many useful information we can get here.

    0
    mrseo
    Jun 28, 2021

    You completely match our expectation and the variety of our information.

    0
    mrseo
    Jun 28, 2021

    Nice knowledge gaining article. This post is really the best on this valuable topic.

    0
    mrseo
    Jun 28, 2021

    That is very helpful for increasing my knowledge in this field.