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UK based spread betting company Core Spreads has been running on its new CoreTrader 2 platform for some time now. After switching from CoreTrader 1 at the beginning of the year, the company hoped that customers would appreciate the whole host of benefits that the new platform would bring. A relative newcomer to the spread betting scene, it was hoped this would help them compete with rival spread betting brokers such as Spreadex.
But what were the hopes for the switch to CoreTrader 2, and has it delivered now it’s been in use for a while?
CoreTrader 2: The reasons for the upgrade
Migrating to a new trading platform is a massive thing for any broker to undertake due to the potential risk of upsetting customers and losing business. Core Spreads felt this worth the risk, though, for a variety of reasons. Firstly, they built advanced charts as standard into the new platform which was something that all traders had been asking for.
Tighter FTSE 250 spreads were another key feature the company included based on feedback they had received along with easier to use apps and faster execution on orders. A smarter set-up and improved technology meant that orders were to be actioned quicker and with fewer rejections on fast-moving markets. Zero deposit and withdrawal charges were another unique feature they added in as part of the upgrade.
Has it worked?
Fast-forward to the present day and it would appear that the platform upgrade has been a success. Core Spreads continues to grow as a company with even more traders using them for their spread betting needs now. The new platform does seem to be delivering what it set out to in terms of the above along with keeping the traditional Core Spreads selling points of tight spreads and an easy to use interface. With their MT4 platform and mobile accessibility, it would seem that their constant efforts to improve are paying off. As spread betting continues to increase in popularity, it would seem that Core Spreads are in prime position to take advantage of this.
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