Core Spreads Urges Cautious Credit Usage for Expert Traders

Financial spread betting provider urges traders not to use credit irresponsibly

The word ‘credit’ has developed a stigma in the world of betting over the past few years – but one spread betting provider is urging all traders to turn the reputation of credit around, by using it responsibly and cautiously to achieve the highest possible gains.

Core Spreads is an independent, low-cost financial spread betting provider – and one of the only spread betting firms in the UK to offer credit to its traders. The team at Core Spreads are urging their clients to be cautious with their credit in order to reap the rewards, rather than experiencing spiralling losses.

A spokesman for Core Spreads says, “The reputation of credit has taken a beating in the last few years, with high-profile blow-ups and collapses resulting in it almost becoming a taboo in the world of trading. At Core Spreads we offer credit applications to all members that have live trading accounts with us and we urge everyone to use it responsibly to yield the very best results.”

Core Spreads aims to make it easier for good traders to do what they do best – trade. This means keeping a streamlined, fuss-free trading platform without the bells and whistles that many competitors offer. No celebrity traders, no endless educational articles – just a noise-free platform that cuts to the chase. As part of this commitment to experienced traders, Core Spreads also offers a credit service, subject to stringent credit checks, that allows clients to operate more efficiently and potentially earn a higher profit.

Credit facilities mean that experienced traders are perfectly placed to swoop in on last-minute trades without having to deposit funds first. This efficient, well-controlled system means that traders can use credit to fund a trade, reducing transaction costs, extending the level at which margin calls are made and making life easier for those who have funds tied up elsewhere.

To make things even easier for new traders, new clients are eligible for a bonus when they sign up and start trading the tight, fixed spreads that are on offer. Core Spreads has committed to increase the first month’s net deposit by 10% for all new users, up to a maximum of £10,000*. This ensures that traders new to the platform will get the very best out of spread bet trading with Core Spreads.

The spokesman adds, “We’re dedicated to making it easier for our clients to potentially take away a tax-free profit – but we are also encouraging them to be sensible and responsible when trading with credit. The tight, fixed spreads we offer are already leveraged, and using credit only increases this, so we urge all clients to use credit as a short-term measure rather than a permanent solution.”

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Financial spread bets are leveraged products, which means you could lose more than you deposit. You should ensure spread betting meets your investment objectives.

Core Spreads Ltd is an appointed representative of Finsa Europe Ltd (a company registered in England and Wales under number 07073413) which is authorised and regulated by the Financial Conduct Authority (under firm reference number 525164). Core Spreads is a trading name of Finsa Europe Ltd.