Unique Loyalty Scheme

With Core Points you can earn a cash rebate worth up to 25% of spread or commission traded.

The Core Spreads Loyalty Scheme rewards traders that trade with us on the Core Trader platform and who help us grow. You earn Core Points and at the end of the month your total determines your spread or commission rebate % in the following month.

Each month end we look at how many Core Points you have; that will determine where you sit in our rebate ladder. This is the rebate % (or discount) you will receive on your next month’s total spread or commission.

Once verified the cash rebate is paid into your account and it’s unrestricted, Core Spreads believes in transparency when it comes to bonuses which is why we don't have any complicated release criteria. This means you can trade with your loyalty bonus or withdraw it as you wish.

We know traders don’t trade all the time so Core Points don’t disappear after a month, they roll forward, reducing by a third each month following the month they are earned.

When you become a client you are enrolled automatically in our Loyalty scheme and so for CoreTrader accounts you can generate Core Points on the spread you trade.

 

CORE POINTS

Earn Core Points in the following ways:

  • 1 Core Point for every £1 in spread traded. Say you made a £10 a point trade on UK 100 at our fixed spread of 0.8pts, that would generate £4 of spread on the opening and on the closing trades. That's 8 Core Points. See the detailed T&Cs below for details on how we calculate spread on equities, commodities and fx.

REBATE LADDER

Your total points for the month determine the discount you'll receive the following month, according to our rebate ladder:

CORE POINTS REBATE
35,000 + 25%
30,000 up to 35,000 24%
25,000 up to 30,000 23%
20,000 up to 25,000 22%
15,000 up to 20,000 21%
10,000 up to 15,000 20%
9,000 up to 10,000 19%
8,000 up to 9,000 18%
7,000 up to 8,000 17%
6,000 up to 7,000 16%
5,000 up to 6,000 15%
4,500 up to 5,000 14%
4,000 up to 4,500 13%
3,500 up to 4,000 12%
3,000 up to 3,500 11%
2,500 up to 3,000 10%
2,000 up to 2,500 9%
1,500 up to 2,000 8%
1,000 up to 1,500 7%
750 up to 1,000 6%
500 up to 750 5%
400 up to 500 4%
300 up to 400 3%
200 up to 300 2%
100 up to 200 1%
0 up to 100 0%
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EXAMPLE - POINTS

Month 1

ACTIVITY POINTS
Trading - 1 point per £ of spread 550
 
Points earned 550

 

A trader signs up with Core Spreads on the 1st, and trades £550 of spread. At the end of month 1 that gives them 550 Core Points*. That translates to a rebate level of 5% on trading in the following month.

Month 2

The trader trades £425 of spread. First of all that generates a cash rebate paid shortly after the end of month 2 of £21.25 (£425 x 5%). The Core Points generated during month 2 total 425.  The Core Points generated in month 1 are depreciated by a third, making them worth 363 (550 x 66.6%) and are added to the 425 generated in month 2 to give the trader a Core Points balance of 789 at month end. That secures a rebate level of 6% for month 3.

ACTIVITY POINTS
Trading - 1 point per £ of spread 425
 
Points earned 425

Month 3

ACTIVITY POINTS
Trading - 1 point per £ of spread 780
 
Points earned 780

The trader trades £780 of spread in month 3.

The cash rebate paid just after the end of month 3 is £46.80 (£780 x 6%). The Core Points generated during the third month is 780, this is added to month 1’s points which are now worth 182 (550 x 33.3%) and month 2’s balance which is now worth 283 (425 x 66.6%) to give a month end points balance of 1,246, securing a rebate level of 7% for the following month.

Example Balance MONTH 1 MONTH 2 MONTH 3
Opening - 550 789
Points earned 550 425 780
Points deprecation - -187 -323
Closing 550 789 1,246
Rebate - 5% 7%
Total rebate £0 £21.25 £46.80

The cycle keeps repeating with cash rebates being paid in arrears just after month end.

* Assumes month 1 and 3 have 31 days and month 2 has 30 days

Loyalty Scheme Terms & Conditions

Core Spreads

Core Spreads is financial trading as it should be. No noise – just tight spreads on thousands of markets.

uk forex awards 2017

 

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