Core Spreads
fx next
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Core Spreads was founded in 2014 and is headquartered in London, while fx next was established in 2018 and is based in Dubai. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. Core Spreads serves 10,000+ clients worldwide; fx next has 10,000+. The minimum deposit is $1 at Core Spreads and $250 at fx next.
| Feature | Core Spreads | fx next |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Regulation | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F237 |
| Founded | 2014 | 2018 |
| Country | London | Dubai |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Core Spreads and fx next, directly affecting your bottom line as a trader. Core Spreads has a lower barrier to entry with a minimum deposit of $1 (vs $250 at fx next). fx next charges withdrawal fees while Core Spreads does not, giving Core Spreads an edge for frequent withdrawers. fx next applies inactivity fees on dormant accounts; Core Spreads does not. Core Spreads charges deposit fees; fx next does not. Overall, Core Spreads scores higher on fees in our assessment.
| Feature | Core Spreads | fx next |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | Yes |
Platforms
Core Spreads offers MT4, MT5, cTrader, while fx next supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.
| Feature | Core Spreads | fx next |
|---|---|---|
| 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 fx next compare. fx next runs regular live webinars; Core Spreads does not. Both provide video tutorials. fx next publishes daily market commentary; Core Spreads does not. Both integrate third-party research tools. fx next maintains an archive of past webinars for on-demand viewing. fx next scores higher overall in education and research.
| Feature | Core Spreads | fx next |
|---|---|---|
| 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 fx next supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). fx next uniquely supports PayPal and Skrill and Neteller among the two brokers. fx next scores higher on deposit and withdrawal flexibility.
| Feature | Core Spreads | fx next |
|---|---|---|
| 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 fx next offer live chat support. Both provide phone support. Email support is available at both brokers. Core Spreads supports 2 languages and fx next supports 8, giving fx next broader global reach. Both brokers are comparable on support quality.
| Feature | Core Spreads | fx next |
|---|---|---|
| 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 |