CLMarkets Review
Note: Approximately 74 to 89% of retail traders lose money while trading Forex and CFDs, Consider the risk before trading with CLMarkets.
CLMarkets Review
CLMarkets operates all over the world and was established in Australia. CLMarkets has gained popularity among traders since 2013 due to its growing reputation and long-standing client relationships. They continue to gain more attention each year as they become increasingly popular. Let’s take an in-depth look and get an honest review of CLMarkets and its features.
Is Core Liquidity Markets CLM safe or a scam?
Core Liquidity Markets is a licensed company operating through two locations- one in Australia and the other in Saint Vincent and the Grenadines. The first location is registered under ASIC, while the second only registers financial firms but does not provide strict regulatory guidelines for companies to follow. Although the Saint Vincent entity lacks strict oversight, the ASIC regulation adds credibility, making Core Liquidity Markets a relatively safe forex broker.
Leverage
There are two main trading approaches with Core Liquidity Markets, depending on your account type and risk preferences. The first way is using high leverage in the best forex ratio that the ASIC still allows for retail traders. The other one is trading by having your own “level” defined by the company, in compliance with regulatory restrictions. However, traders should use leverage cautiously, as improper use can significantly increase trading risk.
Instruments
Core Liquidity Markets strives to offer various means of trading, which includes a diversified portfolio as well. The MAM program offers tailored trading conditions designed for investors seeking optimal returns.
Account types
Core Liquidity Markets is a broker that offers two account types for those interested in trading. As the name suggests, ECN and Standard both offer great opportunities to engage in trading with small first deposits. They can be chosen based on whether a trader prefers all-inclusive spreads or raw spreads with commission per trade.
Fees
– Standard spreads start from 1.3 pips and ECN accounts have a spread of zero, with a commission of $3 per side.
– Core Liquidity Markets also provides examples of typical spreads for its account types.
– You can either benefit from the interest rate or pay an extra fee if you go long after holding any position for more than one day (known as rollover). The base rate that determines this is different for each instrument – it can be calculated based on the base rates in those instruments.
Which payment methods does Core Liquidity Markets CLM accept?
Core Liquidity Markets will accept many different methods of payments, including Bitcoin transactions and credit or debit card purchases. Bank wire transfers and Skrill transfers are also accepted. Deposits can also be made via Neteller.
Minimum deposit
The minimum deposit for Core Liquidity markets is $100 for a Standard Account and $500 for an ECN Account.
| CLMarkts | |
|---|---|
Minimum Deposit | $100 |
Withdrawal fee
Core Liquidity Markets will waive the fees typically charged by your payments providers. If you are using Core Liquidity, deposits and withdrawals for all countries or other applicable charges that may apply to you are free of charge. That said, there is a 5$ minimum withdrawal fee in all cases where it applies overseas or domestically.
Trading Platforms
Besides its powerful trading capabilities, MT4 gives access to over 100 instruments available in one single account and interface. This also comes with servers located in LD4 delivering light-stream speeds for your executions and quotes from various liquidity providers due to MT4.
Conclusion - CLMarkets Review
Core Liquidity Markets has chosen MetaTrader4 as the most complete charting software and one of the most popular online forex trading platforms. It is both beginner-friendly and professional-friendly, which means it is among those who trade manually or automatically with strategies that are very well-known.
