If I'm correct CorelDraw is like Adobe Illustrator which is mainly used for logos or illustrations however photoshop is completely different from both of those which I used for this.
Looks like one of them solicitors ads you see on tv.
You should've desaturated red and made it more light instead full red, all in all it's way too mono tone.
Here's good clean and simple example
No bevel was used but I do see why you would say there is, without a look at layers simple shadows can make it look that way.
Thanks for the suggestion tho.