CORE SPREADS

Core Spreads is a forex and CFD broker that was registered in the United Kingdom in September 2017. The company lists its registered address at Floor 6, 14 Bonhill Street, London, EC2A 4BX. Despite its UK registration, Core Spreads has been flagged by the Financial Conduct Authority (FCA) as a suspicious clone of an FCA-regulated firm, meaning it may be misrepresenting its regulatory status to appear legitimate.

According to our records, the broker does not currently maintain an accessible website. The domain corespreads.com was once associated with Core Spreads but now redirects to Trade Nation, an entirely different broker. This absence of a live web presence is a significant red flag for potential traders attempting to verify the company’s services or credentials.

Core Spreads’ regulatory status is both unclear and concerning. The FCA has identified a regulatory license claimed by Core Spreads as a clone license, meaning the firm is using the details of a legitimate FCA-regulated entity without authorization. This classification means that Core Spreads is not authorized by the FCA, and any engagement with the broker carries heightened risk.

Our own FXCanary Scam Risk Score for Core Spreads stands at 29 out of 100, placing it in the 'Guarded' risk category. This score reflects the lack of verifiable regulation, absence of an official website, and the presence of the FCA clone warning. Traders should treat any unsolicited offers or communications from Core Spreads with extreme caution.

Core Spreads was founded on 14 September 2017, according to UK company registration records. The company is registered in England and Wales, and its stated business activities fall under financial services. However, the broker's history is marred by regulatory issues. The FCA's warning about the clone license suggests that Core Spreads may have been operating under false pretenses, potentially targeting unsuspecting traders.

As of now, there is no verifiable record of Core Spreads having ever provided trading services to retail clients under its own brand. The domain corespreads.com, which was presumably the broker’s primary web address, no longer hosts Core Spreads content. This situation is unusual even for defunct brokers, as inactive domains typically show placeholder pages or error messages rather than redirecting to another active broker.

Given the lack of an operational website and the FCA clone warning, details about Core Spreads’ trading services are not publicly available. There is no information on the platforms offered, account types, tradable instruments, or funding methods. The broker's own website, had it been active, would have been the primary source for such details, but in its absence, traders have no reliable way to assess the offering.

The company’s social media presence includes accounts on Facebook, LinkedIn, and Twitter, but these have not been verified as active or legitimate. Potential clients should be wary of any trading services offered under the Core Spreads name, as the lack of transparency and regulatory authorization indicates a high probability of fraud.

The primary risk associated with Core Spreads is its lack of effective regulation. The FCA warning designates the firm as a clone, meaning it is not authorized to provide financial services in the UK. Trading with an unregulated or clone broker exposes clients to potential loss of funds without any recourse to compensation schemes, such as the Financial Services Compensation Scheme (FSCS).

Additionally, the absence of a functional website makes it impossible to verify the broker’s current operations or contact information. This opacity is a hallmark of fraudulent schemes, where entities avoid scrutiny by maintaining a low profile. Users who encounter the Core Spreads name online should exercise extreme caution and avoid depositing any funds until the broker's legitimacy can be independently confirmed.

Core Spreads presents a clear red flag for traders. The FCA clone warning, combined with the disappearance of the company’s website, suggests that the broker is not a trustworthy counterparty. Even if the broker were once legitimate, its current status as a non-operating entity with regulatory issues makes it unsuitable for retail trading.

Traders seeking forex and CFD services should prioritise brokers that hold active, verifiable regulation from respected authorities and maintain transparent, accessible web presences. Core Spreads fails on all these counts, and our FXCanary rating reflects this high risk. We strongly advise against engaging with Core Spreads in any capacity.