Selecting a broker can be a tough and overwhelming endeavour. In our guide on selecting a broker, we’ve provided the most important checks you need to go through when picking your broker.
Regulation is the first on our list, and should also be the first on your list. ASIC and FCA-regulated brokers, such as Core Spreads, ensure that all industry standards are upheld and enforced, that your funds are kept safely in segregated client accounts and that the broker meets all necessary regulatory requirements which lower risks on your side to an absolute minimum. Also, FCA-regulated brokers have to provide fair market pricing, which ensures that you’re always quoted the best prices in the market.
While advisory brokers may be beneficial to certain traders who require financial guidance, execution-only brokers are the better choice for aspiring traders who want to trade on their own. FCA and ASIC-regulated Core Spreads is our Preferred Broker and ticks all the above boxes. it is an execution-only broker with fixed spreads, offering one of the lowest and most competitive transaction costs in the industry.
Core Spreads offers both an in-house developed trading platform and MetaTrader – giving you the best of both worlds – featuring mobile trading apps and web-based trading platforms. And in case you encounter an urgent issue, Core Spreads provides a toll-free telephone line, e-mail support and a live chat option directly on its website.
We’ve got a special offer for My Trading Skills students, this can be viewed here. If you’d like to learn more about Core Spreads we’ve done a video introducing them: