CLM Forex (Core Liquidity Markets) – Broker Review.
CLM Forex has been around since 2013 and has slowly built a strong reputation in the industry, albeit with mixed reviews. This broker emerged with an initial focus on the Latin American market which has evolved into availability in other markets around the globe.
Gabriel, one of the traders in our community, said this about his experience: “I have been using CLM for a while now, and I am thrilled with their service. They offer good spreads, fast execution, and excellent customer support.”
Gabriel’s first trade was back in early 2022, and he says that he “made a killing” at the peak of the crypto market. He’s been trading with CLM Forex ever since. We also reached out to other community members to see if they had any experiences with this broker.
One member, who wished to remain anonymous, said: “I have been trading with them for a few months now, and I have no complaints. The spreads are good, execution is fast, and customer service is excellent.”
Gabriel had always been interested in the stock market but never had the guts to invest his own money. He religiously followed the news and watched as stocks and crypto rose and fell, but he was too afraid to put a dime into the market. That all changed when he heard about binary options trading.
“With binary options, I finally felt like I had found a way to make money in the money markets that didn’t involve taking on too much risk. I could make small investments and still see big returns.” Given the inherent risk of binary options trading, it’s important to find a reliable broker – so let’s see how CLM Forex ranks in terms of trustworthiness.
CLM Forex Overview Account Types How to Sign up for an Account Platforms Supported Markets Ease of Use FAQs.
CLM Forex Overview.
I am always a bit wary of brokers that don’t have a long history in the industry, but I have to say that CLM Forex has impressed me so far. This broker offers a great platform, competitive spreads, and good customer service.
The company is based in Saint Vincent and the Grenadines, which is a well-known tax haven, and Core Liquidity Markets Pty Ltd owns them. As such, this broker is not regulated by any financial authority. This will undoubtedly be a red flag for some investors, but it’s worth noting that many big brokers like Saxo Bank and Swissquote are also not regulated.
Core Liquidity Markets is, however, registered by the SVGFSA (St. Vincent and the Grenadines Financial Services Authority), providing some protection to clients. CLM Forex uses the industry-standard platform MetaTrader 4 and offers a good selection of tradable assets, including forex, CFDs, metals, energies, and cryptocurrencies.
In this in-depth review, I will take you through everything you need to know about Core Liquidity Markets, including their account types, trading platform, deposit and withdrawal methods, customer support, and more.
Further reading.
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Account Types.
Core Liquidity Markets offers two accounts: a standard account with floating spreads starting from 1.1 pips, and a commission-based ECN (Electronic Communication Network) account with fixed spreads from 0 pips.
Both accounts offer leverage of up to 1:500 and a minimum deposit ranging from $100 to $500, depending on your account type. The Standard account is best suited for beginner traders, as it has lower spreads starting from 1.3 pips. This account also doesn’t charge commissions, making it more affordable.
The ECN account is best suited for experienced traders who are looking for the tightest spreads with the best trading conditions possible. This account comes with a commission of $3 per lot, but the spreads start from 0.1 pips.
Both accounts offer a demo account, so you can test out the trading platform and see which one is best for you. The biggest drawback of Core Liquidity Markets is that it does not accept clients from the United States, Spain, Australia, Japan, and some other countries.
Further reading.
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How to Sign up for an Account.
Signing up for an account at CLM Forex is straightforward. After filling out a short form on their website and verifying your email address, you will be free to start using your account in less than five minutes.
Regarding privacy, CLM Forex does not share your personal information with any third parties and keeps all your data safe and secure. Their site is protected with SSL encryption, so you can be sure that your account is safe.
Deposits and Withdrawals.
Core Liquidity Markets is tailored to the needs of the modern trader by offering a wide range of deposit and withdrawal methods: bank wire transfers, credit/debit cards, or e-wallets such as Skrill, Neteller, Instacoins, and UnionPay. This broker also accepts Bitcoin deposits, which is very convenient for cryptocurrency investors.
Withdrawals are processed within 1-3 business days or just a few minutes, depending on your withdrawal type. Bank wire transfers take the longest, while e-wallet withdrawals and Bitcoin withdrawals are instant. The minimum deposit amount is $100, which is very low compared to other brokers.
You can also withdraw your profits through bank wire transfers, credit/debit cards, e-wallets, and Bitcoin. The minimum withdrawal amount is $50, which is also quite reasonable.
Further reading.
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Platforms.
Core Liquidity Markets offers two leading platforms for trading: MetaTrader 4 (MT4) and their own proprietary Web Trader platform.
MetaTrader 4 is the world’s most popular forex trading platform and is available on desktop, web, and mobile. This platform is user-friendly and brimming with features and tools for both beginner and experienced traders.
The Web Trader platform is a web-based platform that can be accessed from any browser. This platform is designed for those who want a simple and easy-to-use trading experience. It is also very mobile-friendly, so you can trade from your device anywhere with a stable internet connection.
Both platforms have demo accounts which allow you to try them out before committing to a live account. To set up your MetaTrader4 on desktop, follow these instructions:
Go to the MetaTrader4 download page on the CLM Forex website and download the software. Remove any prior versions of MetaTrader on your computer or smartphone. Once the software is downloaded, open it and create a new account. Choose your account type, leverage, and deposit amount. Once your account is created, you will be able to log in and start trading.
To set up your MetaTrader4 on mobile, follow these instructions:
Download the MetaTrader4 app from the App Store or Google Play Store. Launch the app and now create a brand new account. Choose your account type, leverage, and deposit amount. Once your account is created, you will be able to log in and start trading.
Further reading.
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Supported Markets.
Core Liquidity Markets offers a wide range of markets, including forex, commodities, indices, and cryptocurrencies.
You can trade over 50 currency pairs, including major pairs such as EUR/USD and GBP/USD, as well as minor pairs and exotic pairs. This broker also offers CFDs on commodities such as gold, silver, oil, and gas. You can also trade indices such as the Dow Jones, S&P 500, and Nasdaq.
In addition, Core Liquidity Markets offers cryptocurrency CFDs, so you can trade Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dash, and XRP. For cryptocurrencies, the average spread you can expect ranges from 0.01 to 0.015, not to mention a 10x leverage across the board. This is quite high compared to other brokers while staying within the industry standards.
There is no inactivity fee, as is the case with some brokers. This gives traders the confidence to know that their money is not being eaten away by inactivity fees or other hidden fees.
Personal Account Manager.
CLM comes with a personal account manager for all its accounts. A personal account manager is a dedicated advisor assigned to each client to help with any questions or concerns the client may have about their account or trading in general. They will also provide market updates and analysis so traders can make more informed decisions.
Usually, brokers will only provide a personal account manager to those who deposit larger amounts of money. However, CLM provides this service to all its clients, regardless of account size. This is just another example of how this broker goes the extra mile to provide excellent customer service.
Education Center.
The Education Center on the CLM website offers a wide range of educational materials for both beginner and experienced traders. There are video tutorials, e-books, webinars, and other educational resources. The video tutorials cover topics such as forex trading basics, navigating MetaTrader 4, and price action trading.
There are also e-books available in PDF format which cover topics such as forex trading strategies, risk management, and fundamental analysis. The live webinars on the site cover various topics, such as technical analysis, trading psychology, and risk management.
The Education Center is a great resource for those who want to learn more about forex trading. Whether you’re a beginner or an experienced trader, you will find something of value in CLM’s Education Center.
Further reading.
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Ease of Use.
From novice traders to expert professionals, a platform’s ease of use is a top priority when it comes to online trading. After all, if a platform is difficult to use, it will only lead to frustration and ultimately deter people from using it.
Fortunately, MetaTrader4 is one of the most user-friendly platforms in the industry. Even beginner traders will be able to navigate the platform with ease.
MetaTrader4 on CLM Forex also offers a wide range of features and tools that can be used to enhance your trading experience, from built-in indicators and charts that can be used for technical analysis to a news feed that lets you stay up-to-date with the latest market news.
CLM Forex also offers tools such as scalping and hedging, which can be used to further protect your account. CLM Forex offers a demo account, which is a great way for beginner traders to get accustomed to the platform before trading with real money.
The only dealbreaker here is that expert traders who enjoy working on the new MetaTrader5 platform will be disappointed that CLM only offers MetaTrader4. However, this is a minor issue, as MetaTrader4 is still one of the best trading platforms in the industry.
PAMM Accounts.
CLM Forex offers PAMM accounts to its clients. To the uninitiated, PAMM accounts are investment accounts where the client’s money is managed by a professional money manager. The client will then receive a percentage of the profits (or losses) generated by the account.
PAMM accounts are an excellent way for those who don’t have the time or knowledge to trade on their own. It also offers a great way to diversify your investment portfolio. The minimum deposit for a PAMM account is $5,000, and there is a 2% performance fee. The account manager will also receive a monthly management fee of $100.
Customer Support.
Core Liquidity Markets offers excellent customer support through live chat, email, and phone. Support is available 24 hours a day, Monday through Friday. Their professional and helpful customer service representatives will ensure any questions you have are answered promptly.
This broker also has an extensive FAQ section on its website, which covers a wide range of topics such as account types, funding methods, platform tutorials, and more.
Further reading.
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FAQs.
What is the minimum deposit for a PAMM account?
The minimum deposit for a PAMM account is $5,000.
How much does the account manager receive in fees?
The account manager will receive a monthly management fee of $100. In addition, they will also receive a performance fee of 2% on the profits generated by the account.
What methods can I use to fund my account?
You can fund your account using a credit/debit card, bank wire transfer, or e-wallet.
Final Thoughts.
Overall, we were very impressed with Core Liquidity Markets. While their minimum deposit requirements are much higher than other brokers, they more than make up for it with their excellent customer service, wide range of account types, and user-friendly platform.
However, if you are an avid trader looking to execute a large number of trades with access to the most leverage in the range of 1:2000 or 1:3000, you might want to look at platforms such as AMarkets or RoboForex. Another disadvantage is that CLM Forex does not offer the MetaTrader5, which is another dealbreaker for expert traders who work with sophisticated trading strategies.
Further, traders in the US, Japan, and Australia, to mention a few, are not accepted on this platform. Despite these shortcomings, Core Liquidity Markets is a reliable broker that I would recommend to novice and expert traders alike.
Further reading.
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