Core Liquidity Markets Broker Review
CLM Forex is a leading provider of over-the-counter financial services (OTC) for traders around the world. The brains trust behind this company has 4 decades of combined experience in the financial service industry, ranging from tech companies to trading brokerages and other financial institutions. With CLM Forex, clients get to enjoy many benefits including tight spreads, segregated client funds from company funds, numerous deposit options, rapid withdrawals, and low account minimums. Foremost among the benefits are separate client funds. Core Liquidity Markets Forex keeps client funds segregated from business funds at top-notch banks. Regular audits ensure guaranteed compliance.
As one of the leading providers of Forex trading services, CLM Forex caters to new traders and veterans of the FX arena. You will be able to enjoy a wide range of trading tools, insights, analysis, and updates. The company specializes in Forex, but also offers multiple other financial instruments such as indices, commodities, and equities. Client funds are maintained with the Commonwealth Bank of Australia (CBA) where multiple accounts are held in numerous currencies. This privately-owned company offers 24/5 customer support, and prices are provided through ranking liquidity providers. The company’s servers are in New York City, and London.
There are several account types available to Forex traders at CLM Forex. These include the following:
Core Standard: Ideal for new traders wanting to invest a minimum of 100 GBP. It offers maximum leverage of 500:1. There are 49 Forex pairs available, 10 indices, 63 equities, and 4 commodities. The core standard account is geared towards Forex traders looking to access the worldwide markets with a small initial deposit and commission-free trading. There are micro, mini, and standard Forex contracts available with this account type.
Core Plus: The Core Plus Account is better suited to active Forex traders. If you want to access the markets with lower spreads, and an affordable commission structure, this account type is ideal. The Forex commission is $3.50 per 100,000, and the Forex spreads are as low as 0.0. Again, the maximum leverage is 500:1, and you get to access 49 FX pairs, 10 indices, 63 equities, 4 commodities.
Core Pro: This account is for professional traders with an investment size of at least $5,000. The Forex spreads begin at 0.0, and the commission on FX is $2.50 per 100,000. Since this is geared towards professional traders, the maximum leverage is 500:1 and there are 49 Forex pairs available, 10 indices, 63 equities, and 4 commodities. The transparent commission structure and institutional pricing suits professional traders. As with the Core Standard, and the Core Plus, there are micro, mini, and standard Forex contracts sizes available.
Traders can open a live account, or a demo account at CLM Forex. The demo account is available as a trial option for 30 days, and all trading activity takes place under real market conditions.
Trading Platform/ software
CLM Forex offers clients powerful solutions for FX trading activity. This comes in the form of MetaTrader 4, MT4. This is the most sophisticated and widely used Forex trading platform on the market, with an incredible selection of 30 technical indicators for optimized trading activity. The charting package also comes replete with 9 time frames, starting at 1 minute and going as far as 1 month. The MetaTrader 4 platform is available in a trial version for 30 days, or you can simply open a live account and trade Forex instantly.
Clients can implement unique trading strategies with MT4, with full algorithmic programming and automated trading functionality. Among the many analytical tools available with MT4 are charts, real-time quotes, trading signals, financial instrument alerts, news updates and more. The MetaTrader 4 platform also allows for the rental or purchase of expert advisors, and the market also offers 2100 technical indicators and 1700 trading bots. All these tools are available to clients at CLM Forex.
WebTrader is another trading platform which allows CLM Forex clients to access their account and trade for real money wherever they go. Simultaneous analysis of up to 10 charts is possible, and clients can auto arrange this at the click of a button. The charting package comes complete with lines, bars, candlesticks, and well over 8 dozen indicators. With WebTrader, no download is needed, and it works on Windows, Mac, and other operating systems. The multi-language support is tailored towards clients all over the world, and it’s also available on mobile devices.
Meta-FX a.k.a. MAM/PAMM allows asset managers to access multiple accounts on the MetaTrader 4 platform. It’s great for copy traders, professional traders, and money market managers who are managing scores of accounts from a central server. For this option, a minimum investment of $25,000, or GBP equivalent is required, and institutional traders must have a trading record, various risk management controls, and a clearly structured marketing plan.
Various deposit options are currently available, including Visa credit cards, Visa debit cards, MasterCard credit cards, MasterCard debit cards, Rapid Transfer, Boleto, bank wire, NETELLER, and Skrill. The cost to deposit funds ranges between 2% and 5%, depending on your chosen banking option. Clients can fund their accounts in AUD, USD, EUR, and GBP.
Markets include cryptocurrencies, commodities, indices, Forex, and equities.
Indices – FTSE 100, DAX, CAC 40, EuroStoxx50, Nikkei 225, S&P, Hang Seng Index, Dow Jones, S&P 500, NASDAQ 100.
Commodities – Brent crude oil, WTI crude oil, silver, and gold.
Equities – while equities are listed as part of the markets that offer, there are no equities as yet.
Forex pairs – currency pairs include the following: USD/CHF, GBP/USD, EUR/USD, USD/JPY, USD/CAD, USD/TRY, USD/SEK, USD/PLN, GBP/HUF, GBP/NZD, EUR/NZD, USD/SGD, EUR/CAD, NZD/JPY, AUD/CHF, AUD/JPY, and CAD/JPY.
According to the customer service team, no bonuses are offered, ‘…We do not offer any type of bonuses, as these usually carry many strings attached. We instead focus in providing the best trading environment to all our clients.’
There are several ways to get in touch with customer support, including telephone, email, and live chat. The customer service team works 24 hours a day between Monday and Friday. The UK telephone number is +44-2-035-146-538. The other contact option is +61-4-5059-9492. For email support, you can contact the customer service team at support@CLMForex.com. Live chat at Core Liquidity Markets is the best way to get in touch when available. You simply enter your name, email and account number to initiate the chat. Other customer support options are available, including social media channels G +, Twitter, and Facebook.
Ease of Use
CLM Forex is easy to use, and categories are neatly laid out for quick-click accessibility. You can get up and running in moments, thanks to a neat layout, easy registration, and user-friendly MetaTrader 4 platform.
Core Liquidity Markets Forex is geared towards novice traders, intermediate-level traders, and professionals. The minimum deposit amount is £100, and clients get to enjoy generous leverage of 500:1 and an impressive range of 90 tradable instruments. The MetaTrader 4 platform, and WebTrader are terrific options for trading Forex on the go, at your convenience.