Trade with a Best Value Forex Broker

The Forex market is the most popular financial market in the world, and the most liquid.

At Core Spreads, we offer award-winning value across our Forex pairs thanks to our tight, fixed spreads, which includes the ever-popular EUR/USD pair at a competitive 0.6pts on our CoreTrader2 platform. With over 30 pairs to trade in (you can find them all listed below), you’re sure to find the market to suit your trading portfolio. 

Also, did you know that, under current UK tax law, spread betting is exempt from Capital Gains Tax?*

 

Begin trading today

Refine your skills with our demo accounts

New to Forex? Or just need a little refresher? Revisit the basics for need-to-know information, keywords and more.

*Tax laws are subject to change and depend on individual circumstances.  

Our Currency Pairs

At Core Spreads, you can trade over 30 of the most popular currency pairs available in the Forex market. This includes the top three traded pairs: EUR/USD, USD/JPY and EUR/GBP. Below, you can see all of our currency pairs, along with their current Bid and Offer price, and their fixed spread. Please note that our tight, fixed spreads only available on our CoreTrader 2 platform.

Name Bid Offer Spread*
EUR-USD Spot 0 0 0.6pts
EUR-GBP Spot 0 0 0.6pts
USD-JPY Spot 0 0 0.7pts
GBP-USD Spot 0 0 0.8pts
AUD-USD Spot 0 0 0.8pts
USD-ZAR Spot 0 0 10pts
USD-CHF Spot 0 0 1.4pts
EUR-ZAR Spot 0 0 15pts
EUR-JPY Spot 0 0 1pt
GBP-ZAR Spot 0 0 20pts
NZD-USD Spot 0 0 2pts
EUR-CAD Spot 0 0 2pts
EUR-CHF Spot 0 0 2pts
EUR-AUD Spot 0 0 2pts
CHF-JPY Spot 0 0 2pts
USD-CAD Spot 0 0 2pts
AUD-JPY Spot 0 0 2pts
GBP-CHF Spot 0 0 3pts
NZD-CHF Spot 0 0 3pts
AUD-CAD Spot 0 0 3pts
GBP-JPY Spot 0 0 3pts
CAD-JPY Spot 0 0 3pts
NZD-JPY Spot 0 0 3pts
AUD-CHF Spot 0 0 3pts
NZD-CAD Spot 0 0 3pts
GBP-AUD Spot 0 0 4pts
AUD-NZD Spot 0 0 4pts
GBP-CAD Spot 0 0 4pts
CAD-CHF Spot 0 0 4pts
EUR-NZD Spot 0 0 4pts
GBP-NZD Spot 0 0 6pts
Prices are subject to our website terms and conditions. Prices shown are only available on the CoreTrader platform and are delayed by 15 minutes and indicative. For all equities, we add a fixed % spread to the underlying market and spreads shown above are per leg. *(In market session hours)

Trade with an award-winning Forex broker

At Core Spreads, we know there isn’t just one type of Forex trader, which is why we offer our clients the opportunity to trade currency pairs via spread betting and CFDs with our two platforms: CT2 and MT4.

coretrader

mt4

How to trade Forex on the CoreTrader platform

When you buy a Forex pair via a spread bet, you’re making the assumption that the currency pair’s price is heading up. As long as the pair’s value goes up (remember ‘going long’ from our keyword breakdown?), you’ll be making a profit. Did you know that, under current UK tax law, spread betting is exempt from Capital Gains Tax?*

However, if the value of the pair decreases, you’ll be losing money.  In spread betting, you’re trading in whatever your account currency denomination is per point, so if you have an account based in GBP, you trade ‘pounds per point’. 

 

  1. When you log into your trading account, you’ll see the ‘FX’ tab. In this selection, you will see options to trade Forex with either EUR, GBP or USD acting as the base currency. There is also an ‘Other Pairs’ option.

  2. To help you choose your currency pair, we’ve included some handy information on the CoreTrader platform, such as the Sell/Buy price and the Daily Change, which is shown in both pips and percentages. These columns will be constantly changing from green to red and vice versa as the markets change. We’ve also added in Alerts, Charts (some investors use these to try and predict movements in the market), Information and Watch List options to help you make a good pick.

  3. Once you’ve chosen your pair, click ‘trade’. A box will appear, showing the Sell and Buy price in red and blue. Now’s your moment to decide whether you’re going to Buy or Sell…

  4. Once you’ve opened a position, you can use one of our handy financial tools to reduce your risk of loss, such as setting up a Guaranteed Stop Loss, which will prevent your trade falling or rising below a set point.

  5. No one can tell you when to close a position – that’s up to you to decide! You can leave your position open for as long as you like, but you’ll need to keep an eye on the markets as things can quickly move either for or against you, although instruments like our Margin Call and Automatic Close Out features, are there to help you. When you close a position, your account will reflect your P&L and the balance either lost or gained – fingers crossed for the latter!

     

Now you know how to trade on our CoreTrader platform.  Remember, trading Forex is a volatile pastime, so you’ll need to review your open positions frequently to keep on top of your currency pairs. It’s good to know, though, that spread betting is exempt from Capital Gains under current UK tax law.**

**Tax laws are subject to change and depend on individual circumstances.

 

How to trade Forex on the MetaTrader 4 platform

If you choose to trade Forex through CFDs, you’ll be speculating on the markets again. However, in this form of trading, your P&L will be in the second currency pair, and then converted back to your account currency.

With this method, you’re trading using the unit of the base currency – go back to the keywords if you need a reminder. 

 

  1. The MetaTrader 4 platform (also known as MT4 – far snappier), looks a little different from CoreTrader, but, once you know how, it’s fairly simple. When you open the platform, you’ll be able to see a number of charts, with the currency pairs listed in the ‘Market Watch’ section. Here, you’ll see the Bid and Ask price, as well as a column which indicates how many pips the prices are separated by. Wait, what were pips again? It’s OK – you can refer to our keywords at any time.

  2. To select a currency pair, simply double click and an Order box will open. Just like with CoreTrader, you’ll be able to see the Buy and Sell prices and the amount you wish you trade, which is referred to here as the ‘Volume’. Unlike the CoreTrader account, you’ll also see a chart depicting the changes in the market, options for Stop Loss and Stake Profit, and the option to switch between a Market Execution or Pending Order trade.

  3. Once you’ve got everything set up just as you want it, it’s time to decide whether you’ll Buy or Sell. Just like in The Matrix, it’s time to press the blue button, or the red button.

  4. You can keep an eye on your open positions in the ‘Terminal’ section, which will appear at the bottom of the screen. You can also make amendments to your Stop Loss and Stake Profit from this section, and decide when you want to close your position.

 

We’ve now covered the basics of how to trade Forex on the CoreTrader and MT4 platforms – you’re now able to open a position for both spread bets and CFDs. Please be aware that our award-winning tight, fixed spreads are only offered on our CoreTrader2 trading platform.

If you think you've got the gist, why not sign up?

If you're still not sure, you can always try our demo accounts

Need to refresh your Forex knowledge? Use the link below.

Forex Currency Facts

To help you get the most out of your Forex trading experience, and to help you pick the currency pair that’s right for you, we’ve compiled some fun factoids about the most popular currencies in the Forex market:

 

USD

  • The US dollar
  • The single most traded currency in the world – it accounts for around 87% of the global Forex market share
  • Included in all major currency pairs. Did you know that an estimated $1.4 trillion is traded daily via the EUR/USD pair every day? By investing in this dynamic duo, you’re trading in the largest financial market on the planet!
  • The USD acts as an economic barometer for the rest of the world – if the US economy is performing well, you can assume their trading partners are too and vice versa
  • Due to the stability of the USD, other countries have been known to fix their currencies or exchange rate to it so that their economies can benefit from the unchanging nature

     

EUR

  • The euro 
  • The EUR might be the new kid on the block – it was only introduced to the Forex market in 1999 – but it’s already the second largest currency in the world 
  • 19 of the EU member countries use the EUR
  • As there are so many countries within the European Union, the EUR is used as a metric to measure the overall wellbeing of the Eurozone
  • Just like with the USD, other countries have chosen to fix their currency to the EURinordertostabilise their own economies

     

JPY

  • The Japanese yen
  • The third most popular currency in the Forex market, the JPY is the most prevalent Asian currency
  • As the JPY is the most dominant currency in Asia, it is often used as an indicator of the financial stability of the whole Pan-Pacific region
  • The JPY is available with almost no interest rate
  • Did you know that the original yen coins contained pure gold and silver?

     

GBP

  • The Great British pound (although it can also be known as sterling, or even ‘a quid’) 
  • The official currency of the United Kingdom, Guernsey, Jersey, the Isle of Man, and other territories around the globe
  • Although the UK is a part of the EU (until 2019), it opted against adopting the EUR
  • The strength (or weakness) of the GBP directly represents the economic and political stability of the UK
  • Globally, the GBP is considered to have a high market value

     

CAD

  • The Canadian dollar
  • The CAD is perhaps the currency that links most strongly with commodities in the whole Forex market, as it is one of the biggest global exporters in the world
  • The close trade links between the US and Canada mean that the value of the CAD is closely related to the position of the USD
  • Did you know that Canada used the British sterling system until the 1850s when it was decided that they wouldadoptthedecimalsystemfavoured by the US? This was all to improve trade links with the US

     

CHF

  • The Swiss franc
  • The sixth most traded currency in the Forex market
  • Just as Switzerland is a ‘neutral’ country, the CHF is considered to be a ‘neutral’ (or safe) currency in the Forex market, largely due to almost zero inflation

     

Want to get started with the Big 6? Open an account today

Put the facts to the test - try a demo account first

Hopefully by now you’ll have a better idea of what the Forex market is and the currencies that you can trade there. If you need a refresh on anything we’ve already covered, please use the link below.

Core Spreads

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

uk forex awards 2017