As a result of the United Kingdom’s exit from the European Union, Core Spreads is no longer accepting new business from European customers, and we have taken a business decision that our existing European customers accounts will be closing.
(Customers from outside of the EEA are unaffected by this change)
What will happen to my account?
On 2nd July at 10p.m. GMT+1, your account(s) will be set to “closing only”. You will no longer be able to open new positions or add new orders
On 9th July after 10p.m. GMT+1, your account at Core Spreads will be closed. All open positions in your account will be closed at the last available price on the 9th July and any remaining funds will be returned to you
On 2nd July at 10p.m. GMT your account will be set to closing only, and you will no longer be able to open new positions or add new orders.
If you take no action then on 9th July at 10pm GMT+1, any positions in your account will be closed at the last available price, and your funds returned to you.
Do you want to keep trading? We can make it easy for you…
Core Spreads is rebranding as Trade Nation
Throughout 2021 we’re gradually bringing the whole Core Spreads family together under our new global brand: Trade Nation.
Register to transfer your account to Trade Nation Ltd now, and continue to enjoy:
* The same trading platform.
* The same low cost, fixed spreads.
* The same friendly customer service team.
Visit the Trade Nation website to see for yourself by clicking here
Register before 10pm GMT+1 on Friday 2nd July if you want to keep trading!
Here is some important information you MUST read...
Trade Nation Ltd is regulated by the Securities Commission of the Bahamas and operates with a higher leverage than Core Spreads who are regulated by the Financial Conduct Authority.
Increased leverage means you require less money to open and hold a position, but also means that both your risk and the chance of greater losses are increased.
When you register to transfer, your funds and positions will be set to transfer with your account BUT any open positions will be closed and reopened without spread charge at the last available price on Friday 2nd July.
You WILL realise any profit or loss on your positions.
Here’s an example of that increased leverage based on Wall Street 30 Rolling Cash @ 30,000
|
Product
|
Stake
|
Core Spreads
|
Trade Nation Ltd
|
|
Wall Street 30 Rolling Cash
|
€1
|
€1500
|
€150
|
Some important things to be aware of if you transfer:
| What will you get |
What will you lose |
| Increased leverage up to 200:1 |
Higher risk in trading with greater leverage |
| Access to the Trade Nation loyalty scheme |
FSCS protection not available |
| Continued negative balance protection |
|
| Funds held at Barclays Bank plc in London |
|
Your Core Spreads account will close on 9th July.
If you’d like to keep trading without the hassle of filling in forms or transferring funds, we’ve got you covered. All you need to do is register and we’ll move your account balance and open positions free of charge before your account closes.
