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| Quick Facts |
| Core Spreads vs IG: A Personal Experience |
| Frequently Asked Questions |
| Conclusion |
Quick Facts
Core Spreads is a UK-based financial spread betting company, while IG is a global online trading provider
IG has a wider range of markets, including shares, indices, forex, and commodities, whereas Core Spreads focuses on spread betting
Core Spreads offers a simpler, more streamlined trading platform, while IG’s platform is more feature-rich and complex
IG has a minimum deposit requirement of £250, while Core Spreads has no minimum deposit requirement
Core Spreads charges lower spreads on some popular markets, such as the FTSE 100 and gold
IG offers a wider range of trading tools and resources, including technical analysis and news feeds
Core Spreads is regulated by the UK’s Financial Conduct Authority (FCA), while IG is also FCA-regulated and has additional licenses in other countries
IG has a larger customer base and more established reputation, having been in business since 1974
Core Spreads offers a more personal, boutique-style service, with a focus on customer support and education
IG has a mobile trading app, while Core Spreads also offers mobile trading, but with more limited functionality
Core Spreads vs IG: A Personal Experience
As a trader, I’ve always been on the lookout for the best platforms to trade with. In this article, I’ll share my personal experience with Core Spreads and IG, two popular online trading platforms. Through my journey, I’ll highlight the pros and cons of each platform, helping you make an informed decision for your trading needs.
Getting Started
I started my trading journey with Core Spreads, mainly due to their low fixed spreads. As a beginner, I wanted to minimize my trading costs, and Core Spreads offered just that. Their platform was user-friendly, and I was able to navigate through it easily, even with my limited knowledge of trading. The customer support was also impressive, with prompt responses to my queries.
Moving to IG
After a few months of trading with Core Spreads, I decided to try out IG. I had heard a lot about their advanced trading tools and wanted to see what they had to offer. IG’s platform was more comprehensive than Core Spreads, with a wider range of market analysis tools. The IG charts were more detailed, and the technical indicators were more advanced.
Comparing Fees
One of the most significant differences between Core Spreads and IG is their pricing models. Here’s a breakdown of their fees:
| Instrument | Spread |
| EUR/USD | 0.7 pips |
| USD/JPY | 0.8 pips |
| GBP/USD | 0.9 pips |
| Gold | 0.3 pips |
| Crude Oil | 0.5 pips |
IG Fees:
| Instrument | Spread |
| EUR/USD | 0.8 pips |
| USD/JPY | 1.0 pips |
| GBP/USD | 1.1 pips |
| Gold | 0.5 pips |
| Crude Oil | 0.6 pips |
you can see, Core Spreads offers lower fixed spreads than IG. However, IG’s pricing model is more transparent, with no hidden fees.
Trading Experience
In terms of the actual trading experience, I found both platforms to be reliable and efficient. IG’s mobile app was more user-friendly, and I was able to trade on-the-go with ease. However, Core Spreads’ execution speeds were faster, which was important for me as a day trader.
Core Spreads vs IG Comparison: Frequently Asked Questions:
Q: What are Core Spreads and IG?
Core Spreads and IG are two popular online trading platforms that offer Contracts for Difference (CFDs) trading. Both platforms allow traders to speculate on the prices of various financial markets, including forex, indices, commodities, and shares.
Q: What are the main differences between Core Spreads and IG?
The main differences between Core Spreads and IG lie in their trading platforms, spreads, commission fees, and regulatory oversight. Core Spreads is a newer player in the market, offering tighter spreads and lower commission fees. IG, on the other hand, is a well-established broker with a longer history and a wider range of markets.
Q: Which platform offers tighter spreads?
Core Spreads is known for offering tighter spreads, with average spreads starting from 0.6 pips on the EUR/USD pair. In contrast, IG’s average spreads start from 0.8 pips on the same pair.
Q: What about commission fees?
Core Spreads charges a commission fee of £2 per side (£4 per round trip) on shares and indices, while IG charges a commission fee of £10 per side (£20 per round trip) on shares and indices.
Q: Are both platforms regulated?
Both Core Spreads and IG are regulated by reputable regulatory bodies. Core Spreads is regulated by the Financial Conduct Authority (FCA) in the United Kingdom, while IG is regulated by the FCA and several other regulatory bodies globally, including the Australian Securities and Investments Commission (ASIC) and the Monetary Authority of Singapore (MAS).
Q: Which platform offers more markets?
IG offers a wider range of markets, with over 17,000 markets available to trade, including forex, indices, shares, and more. Core Spreads, on the other hand, offers around 1,500 markets.
Q: What about customer support?
Both Core Spreads and IG offer 24/5 customer support, with multiple channels available, including phone, email, and online support tickets.
Q: Which platform is better for beginners?
Core Spreads is generally considered a more beginner-friendly platform, with a simpler and more intuitive interface. IG’s platform, on the other hand, offers more advanced features and tools, which may be more suitable for experienced traders.
Q: Can I open a demo account with both platforms?
Yes, both Core Spreads and IG offer demo accounts that allow you to practice trading with virtual funds before opening a live trading account.
By comparing Core Spreads and IG, you can choose the one that best fits your trading needs and goals.
