CLMFOREX

About company:

CLM (Core Liquidity Markets) is an Australian broker operated by Core Liquidity Markets Pty Ltd., regulated by the Australian Securities and Investments Commission (ASIC).

 

CLM Forex offers trading in currencies, indices, CFDs, binary options and commodities.

 

Company. Fund security

ASICs require licensed companies to meet specific requirements and follow various rules. Customers' money should be kept in segregated accounts. According to the information on the website, client funds in different currencies are held by the Commonwealth Bank of Australia (CBA).

 

As for the minimum capital requirement, Forex brokers must have at least $ 1 million. By comparison, the UK FCA requires Forex brokers to hold at least € 730,000.

 

However, unlike other European brokers (in Cyprus and the UK), Australian companies are not required to participate in client compensation programs.

 

Trading conditions

Core Liquidity Markets offers its clients three types of live accounts to choose from: standard no commission, and Core Plus and Core Pro accounts with lower spreads but with commission.

 

Micro lots are available for trading on a standard account. The broker also provides free demo accounts.

 

Another broker's offer is binary options. Assets available: 29 currency pairs. CLM offers contract expiration times from 60 seconds to 2 hours and attractive payouts - up to 85% with zero commissions.

 

Deposit

Traders are required to deposit a minimum of $ 200 to open an account with the company. This is not the highest offer among all brokers, but there are dealing centers offering trading from $ 1.

 

Spreads and commissions

CLM offers variable spreads, on an interest free account it is 1.3 pips in EUR / USD, which is the standard for the Forex market. The Pro account provides lower spreads, up to 0.3 pips on average on EUR / USD, but also includes a commission of $ 3.5 per standard lot. Accordingly, the trading costs of these account holders are around 1.0 pip including commissions, which is a relatively small amount.

 

Leverage

Clients can take advantage of leverage up to 1: 400, which is considered the industry average. In some jurisdictions, the leverage limit is significantly lower, such as 1:50 in the United States.

 

Most brokers usually offer up to 1: 200 or 1: 400 leverage. However, many brokers provide leverage ratios equal to or greater than 1: 500.

 

Trading platforms

This broker offers its clients various trading platforms: MetaTrader 4, WebTrader, Mobile Trader and MetaFx (MAM / PAMM).

 

Web Trader is a web platform that supports all modern browsers and syncs with your MT4 account in real time. Fully customizable charting package with technical indicators, money management tools.

 

Like most brokers, CLM supports the most widely used MetaTrader 4 (MT4) platform. Note that traders can also trade binary options with it, for this you need to install a special plugin.

 

MT4 provides all the tools and resources a trader needs: a range of technical indicators, an expanded set of charts, a wide range of experts (advisors) and an extensive testing environment. Using EAs, traders can entrust all their work to advisors that allow them to fully automate trading.

 

Moreover, CLM provides MAM / PAMM accounts. Multi-Account Trader is built into MT4 terminal. Traders can independently configure various parameters.

 

Ways of payment

CLM offers its clients a variety of deposit / withdrawal methods: credit / debit card (Visa, MasterCard), bank transfer, Neteller, Skrill, WebMoney and China UnionPay.

 

Clients can use the following currencies to work on their accounts: AUD, USD, GBP and EUR.

 

Pros:

 

regulated broker; MT4 is available; trading binary options, indices, commodities and CFDs from one account. several trading accounts to choose from.

 

Minuses:

 

does not offer Islamic accounts; the site is not Russified.