Core Spreads
freetrade
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Overview
Core Spreads was founded in 2014 and is headquartered in London, while freetrade was established in 2016 and is based in United Kingdom. Core Spreads holds licences including Financial Conduct Authority (FCA), while freetrade is regulated by Financial Conduct Authority. Registered in England and Wales (no. 09797821) among others. Core Spreads serves 10,000+ clients worldwide; freetrade has 890,000+. The minimum deposit is $1 at Core Spreads and $0 at freetrade.
| Feature | Core Spreads | freetrade |
|---|---|---|
| Min. Deposit | $1 | $0 |
| Regulation | Financial Conduct Authority (FCA) | Financial Conduct Authority. Registered in England and Wales (no. 09797821) |
| Founded | 2014 | 2016 |
| Country | London | United Kingdom |
| Clients | 10,000+ | 890,000+ |
Fees
Fees are a critical factor when choosing between Core Spreads and freetrade, directly affecting your bottom line as a trader. freetrade has a lower barrier to entry with a minimum deposit of $0 (vs $1 at Core Spreads). Neither broker charges withdrawal fees. Core Spreads charges deposit fees; freetrade does not. The two brokers are broadly comparable on fee structure.
| Feature | Core Spreads | freetrade |
|---|---|---|
| Min. Deposit | $1 | $0 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | No | No |
Platforms
Core Spreads offers MT4, MT5, cTrader, while freetrade supports MT4, MT5, cTrader, a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. freetrade supports social and copy trading features, which Core Spreads does not offer. freetrade edges ahead on platform breadth and functionality in our scoring.
| Feature | Core Spreads | freetrade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Core Spreads and freetrade compare. freetrade runs regular live webinars; Core Spreads does not. Both provide video tutorials. freetrade publishes daily market commentary; Core Spreads does not. Both integrate third-party research tools. freetrade maintains an archive of past webinars for on-demand viewing. freetrade scores higher overall in education and research.
| Feature | Core Spreads | freetrade |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Core Spreads accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while freetrade supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). freetrade uniquely supports PayPal and Skrill and Neteller among the two brokers. freetrade scores higher on deposit and withdrawal flexibility.
| Feature | Core Spreads | freetrade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Core Spreads and freetrade offer live chat support. Both provide phone support. Email support is available at both brokers. Core Spreads supports 2 languages and freetrade supports 8, giving freetrade broader global reach. Both brokers are comparable on support quality.
| Feature | Core Spreads | freetrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |