Core Liquidity Markets CLM Review 2024
Website: www.clmforex.com
Min. Deposit: US$ 100
Leverage: 1:500
Trading Platforms: MT4
Regulation: ASIC
Headquarters: Australia
Founded: 2013
Regulatory Licenses:
- CORE LIQUIDITY MARKETS PTY LTD - authorized by ASIC (Australia) registration ABN 12 164 994 049 ACN 164 994 049 - not active
- CLMarkets Ltd. - authorized by FSA (SVG) registration IBC No. 24750-IBC-2018.
Updated on April 1, 2024
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At Broker Insight, our review methodology for evaluating brokers is comprehensive and multi-faceted, ensuring a well-rounded analysis. We start by examining the broker's regulatory compliance and background, assessing the security and reliability of their operations. This is followed by a thorough evaluation of the range and diversity of trading instruments and markets offered, as well as the variety and suitability of account types available for different trader profiles. We delve into the trading platforms and tools provided, focusing on user experience, functionality, and technological robustness. Fees, spreads, and overall cost structure are scrutinized for transparency and competitiveness. A key component of our review involves testing the effectiveness and responsiveness of customer support. Additionally, we consider the ease and efficiency of the deposit and withdrawal processes. Finally, we incorporate real user feedback and the broker’s community reputation into our assessment to present a holistic and unbiased review that serves as a valuable resource for traders seeking reliable and insightful broker evaluations.
What is Core Liquidity Markets CLM? ▲
Core Liquidity Markets (CLM) is a brokerage firm that was established in Australia and has extended its operations to include an entity in Saint Vincent and the Grenadines, aimed at expanding its global reach. Founded in 2013, CLM has been active in the financial markets for several years, during which it has built a commendable reputation within the industry.
Over the years, Core Liquidity Markets has been serving a diverse clientele of traders from various parts of the world. The firm's commitment to offering reliable trading services and its ability to adapt to the evolving needs of the global trading community have contributed to its positive standing among traders and peers in the industry.
CLM specializes in providing trading opportunities in various financial instruments, catering to both individual and institutional traders. Their services are often highlighted for their accessibility, competitive trading conditions, and the technological infrastructure that supports them.
Given its establishment in both Australia and an offshore location like Saint Vincent and the Grenadines, CLM has been able to appeal to a broad spectrum of traders, ranging from those seeking the security of trading with a firm rooted in a well-regulated environment to those looking for the flexibility that often comes with offshore trading entities. This dual operational approach allows CLM to offer a blend of regulatory oversight and expansive trading options, aligning with the needs of a global trading audience.
Moving to the crucial aspect of our Core Liquidity Markets (CLM) review, we examine the regulatory framework that underpins the company's operations and the services it offers. Core Liquidity Markets maintains a presence in two jurisdictions. Notably, one entity operates out of Australia and thus falls under the regulatory purview of the Australian Securities and Investments Commission (ASIC). Meanwhile, its second entity is domiciled in the offshore locale of Saint Vincent and the Grenadines, a jurisdiction known for merely registering financial firms without imposing stringent regulatory standards.
However, given the rigorous and esteemed operational guidelines mandated by ASIC, we deem Core Liquidity Markets a trustworthy brokerage for traders. Achieving an ASIC license requires firms to meet a plethora of established standards, and such entities remain under constant surveillance to ensure ongoing compliance and reliability. ASIC stands out as one of the most client-focused regulatory bodies, emphasizing the protection of traders' interests, and providing extensive support through safety measures, educational resources, and assistance at every step.
Thus, engaging with an Australian regulated broker like Core Liquidity Markets assures traders of a secure trading environment and exceptional trading conditions.
Core Liquidity Markets has made a deliberate decision to focus on one of the most comprehensive and widely recognized charting platforms in the world. The chosen platform is MetaTrader4, a software that caters to both beginners and professional traders. It is especially favored among those who prefer manual or automated trading strategies, as well as developers.
In our evaluation of forex brokerage accounts, the Standard account operates on a spread-only basis with starting spreads from 1.3 pips. Conversely, the ECN account introduces a commission model, charging $3 per side, while offering spreads beginning from 0 pips.
Engaging with Core Liquidity Markets (CLM) allows traders to leverage their positions significantly, courtesy of ASIC's regulations that still permit high leverage ratios for retail traders. Specifically, certain Forex pairs can be traded with leverage up to 1:500, although each financial instrument has its leverage caps as determined by regulatory guidelines and company policy. It's crucial for traders to understand how to utilize leverage effectively, as improper use can exponentially increase trading risks.
Core Liquidity Markets (CLM) offers a robust selection of trading instruments, catering to various strategies and experience levels. Their portfolio includes Equities, Commodities, Forex, Indices, Cryptocurrencies, and Gold, thereby providing a diversified investment landscape. Additionally, CLM has developed a Money Managers program, which includes MAM and PAMM accounts, offering a suite of services through customized trading conditions to accommodate diverse trading needs.
Core Liquidity Markets facilitates a smooth funding process, supporting a variety of payment methods including Bitcoin, Credit and Debit cards, Bank Wire Transfer, as well as e-wallets like Skrill, Neteller, and Boleto. This versatility ensures that depositing funds into your CLM account is straightforward and accessible.
Pros
Various payment methods for easy funding
A wide selection of trading instruments including cryptocurrencies
High leverage options available
Cons
Higher minimum deposit requirements for premium accounts
Withdrawal fees may apply in certain jurisdictions
Minimum Deposit
The initial deposit requirement for a Standard Account with Core Liquidity Markets stands at $250, which is relatively accessible compared to the industry average of $500. However, for the Platinum Account, the requirement escalates to $50,000, targeting professional or high-volume traders specifically. This high threshold underscores CLM's focus on a more experienced and financially robust clientele.
Withdrawal Fee
Core Liquidity Markets generally waives the fees typically associated with deposit methods. However, depending on the withdrawal method and geographic location, traders may incur a minimal charge, with withdrawals subject to a fee starting at $5. This policy aligns with the company's commitment to maintaining competitive and transparent financial transactions.
In summarizing our review of Core Liquidity Markets (CLM), it's evident that the broker offers favorable trading conditions for both novice and professional traders, as well as Money Managers. The trading costs are positioned competitively, allowing access to a vast array of trading instruments. Additionally, being regulated by ASIC provides a layer of stability and protection for traders' accounts.
Core Liquidity Markets CLM Updates
Upon further investigation, it has been determined that Core Liquidity Markets (CLM) currently operates exclusively through its SVG offshore entity, bypassing its ASIC-regulated branch in Australia. In light of this, we advocate for conducting thorough research on CLM and generally advise against engaging with offshore brokers due to the absence of stringent regulatory oversight. With over a decade of trading experience, we emphasize the importance of selecting a reputable broker with top-tier regulations, such as HFM, FXTM, or XM, to ensure the safety of funds and a reliable trading environment.
