Core Spreads
FXNet
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Overview
Core Spreads was founded in 2014 and is headquartered in London, while FXNet was established in 2012 and is based in Cyprus. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. Core Spreads serves 10,000+ clients worldwide; FXNet has 10,000+. The minimum deposit is $1 at Core Spreads and $50 at FXNet.
| Feature | Core Spreads | FXNet |
|---|---|---|
| Min. Deposit | $1 | $50 |
| Regulation | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2014 | 2012 |
| Country | London | Cyprus |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Core Spreads and FXNet, directly affecting your bottom line as a trader. Core Spreads has a lower barrier to entry with a minimum deposit of $1 (vs $50 at FXNet). Neither broker charges withdrawal fees. Core Spreads charges deposit fees; FXNet does not. The two brokers are broadly comparable on fee structure.
| Feature | Core Spreads | FXNet |
|---|---|---|
| Min. Deposit | $1 | $50 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | No | No |
Platforms
Core Spreads offers MT4, MT5, cTrader, while FXNet supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. FXNet supports social and copy trading features, which Core Spreads does not offer. The two brokers are closely matched on platform offering.
| Feature | Core Spreads | FXNet |
|---|---|---|
| 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, Web Trader, 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 FXNet compare. FXNet runs regular live webinars; Core Spreads does not. Both provide video tutorials. FXNet publishes daily market commentary; Core Spreads does not. Both integrate third-party research tools. FXNet maintains an archive of past webinars for on-demand viewing. FXNet scores higher overall in education and research.
| Feature | Core Spreads | FXNet |
|---|---|---|
| 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 FXNet supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Core Spreads | FXNet |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
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 FXNet offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Core Spreads | FXNet |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |