Core Liquidity Markets Review (CLMForex) 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $100
- WebTrader
- MetaTrader4
- SVG FSA
- 2017
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $100
- WebTrader
- MetaTrader4
- SVG FSA
- 2017
Our Evaluation of Core Liquidity Markets
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Core Liquidity Markets is a broker with higher-than-average risk and the TU Overall Score of 3.84 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Core Liquidity Markets clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
Core Liquidity Markets positions itself as a universal broker, but the lack of cent accounts and quality training suggests that it is focused on more experienced traders rather than novice ones.
Brief Look at Core Liquidity Markets
Core Liquidity Markets (also CLMForex) is a brokerage company that has been providing retail and institutional clients with a full range of financial services for Forex trading since 2013. The broker is focused on traders from Latin America but also serves clients all over the world. CLMForex offers favorable terms for active trading, as well as many investment solutions for generating passive income. It is registered and regulated by the SVGFSA 24750 — Financial Services Authority (Saint Vincent and the Grenadines).
- The minimum deposit available on a standard account is $100.
- Availability of two types of accounts (Standard and ECN) with different spread levels and transaction processing models.
- Possibility to make trades using desktop and mobile terminals, as well as MT4 and WebTrader.
- Average trading commissions on standard accounts and virtually zero spreads on ECN.
- Free access to the DupliTrade social trading platform.
- High leverage — up to 1:500 on all types of accounts.
- Demo account availability, the operations of which completely track the functionality of the real accounts.
- The broker doesn’t provide Cent accounts, and use of the Demo is limited to 30 days.
- Access to the copy trades service of successful traders is possible only after depositing $2,000 to the account.
- Only a few training materials and analytics are available.
TU Expert Advice
Financial expert and analyst at Traders Union
The Core Liquidity Markets (CLMForex) brokerage has been operating in the online markets brokerage services niche for over eight years, and during that time it expanded its markets share significantly. Today it works with traders from 100 countries and serves over 100 thousand accounts. The broker is focused on both active market participants and passive investors. Clients can trade over 100 instruments, as well as invest in PAMM accounts and copy trades through the DupliTrade platform regardless of experience.
CLMForex offers professional analysis tools such as Trader's Edge and ForexAnalytix. Clients are provided with the world's most popular trading platform — MetaTrader 4. There are three versions available: desktop, mobile, and web terminal. Spreads, as determined by the broker, are competitive. For example, on the Standard account, the average spread is 1.3 pips for the EUR/USD pair.
However, Core Liquidity Markets have some disadvantages, also. First, the broker doesn’t cooperate with trade brokers in the USA, Australia, Spain, or Japan, and several other countries. Second, there are very few educational lessons on the official website. Moreover, the site itself is crude: some of its sections are still empty, but the company promises to add trading calculators and a currency converter soon.
Core Liquidity Markets Summary
| 💻 Trading platform: | MetaTrader 4 (desktop, mobile), WebTrader |
|---|---|
| 📊 Accounts: | Demo, Standard, and ECN account |
| 💰 Account currency: | US$, €, £ |
| 💵 Replenishment / Withdrawal: | Bank transfer, credit/debit cards Visa and Mastercard, Neteller, Skrill, VLoad, and Bitcoin |
| 🚀 Minimum deposit: | From $100 (Standard); from $500 (ECN) |
| ⚖️ Leverage: | Up to 1:500 |
| 💼 PAMM-accounts: | Yes |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: | From 1.3 pips (Standard); from 0.1 pips (ECN) |
| 🔧 Instruments: | Currency pairs (54), stock CFDs (10), indices (11), commodities (10), and cryptocurrencies (6) |
| 💹 Margin Call / Stop Out: | Stop-out: 50% |
| 🏛 Liquidity provider: | Not indicated |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market execution |
| ⭐ Trading features: | Cryptocurrency trading is available; scalping, hedging, and auto trading are allowed with expert advisors |
| 🎁 Contests and bonuses: | No |
Core Liquidity Markets brokers offer classic Forex trading terms. Its clients can trade currency pairs and CFDs using MetaTrader 4, with tight floating spreads and high leverage. The company offers only two types of trading accounts as standard and ECN. They don’t differ in the number of assets available for trading, the order execution method, or the stop-out level. The difference between the accounts is the transaction processing technology (STP/ECN), as well as in the size of the spreads and the size of the minimum deposit.
Core Liquidity Markets Key Parameters Evaluation
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Trading Account Opening
Become a Core Liquidity Markets client by opening a trading account to start trading with a broker. A quick guide looks as follows:
To start registration, click the Start Now! or Open Account button on the official website of the company.
Enter your first name, last name, email address, and country of residence in the application for opening an account. It is also necessary to select a class of trading assets while especially highlighting priority instruments, and indicate the level of trading experience. After that, agree to the terms of the offer and click Live.
Specify the date of birth, gender, phone number, and select the base currency of the account, type of account, and finally, create a password in the form below.
Log in to your personal account after receiving an email confirming the opening of your account. Enter your email address and the password entered in the registration form.
Also, in the user's personal account you can:
Sections of the personal account also provide the information below:
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Daily account overview.
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Market hours for London, New York, Sydney, and Tokyo.
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Quick reports on deposits and withdrawals or account statement generation.
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Market news in real-time.
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Information about recent activity on open trading accounts.
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Section for verification.
Regulation and safety
Core Liquidity Markets is a tradename of CLMarkets Ltd., which is registered as an International Business Company (IBC) by the Financial Services Authority of St Vincent & the Grenadines ( SVGFSA) under number 24750-IBC-2018.
The SVGFSA doesn’t issue licenses to provide brokerage services, but only registers brokers and provides them with a corresponding certificate with a number in the general register. The responsibilities of the department include monitoring and regulating companies that are registered in Saint Vincent and the Grenadines in the financial sector. Also, SVGFSA deals with the consideration and resolution of conflicts arising between brokerage companies and their clients.
Advantages
- The company stores customer funds in segregated bank accounts and separately from equity capital
- Each client of a broker registered with SVGFSA can file a complaint with the authority
Disadvantages
- The broker is not a member of any compensation fund
- The company requires you to provide copies of your passport and a document confirming residence
- No protection from a negative balance is provided.
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Standard account | from $13 | Commissions are charged by the payment systems |
| ECN account | from $1 | Commissions are charged by the payment systems |
There is a swap fee (commission for shifting transactions to the next day).
Please find below the data on the results of comparing the average trading commission of Core Liquidity Markets and two popular Forex brokers — RoboForex and FxPro. Also, the Traders Union analysts assigned each company a level from low to high based on the spread values obtained.
| Broker | Average commission | Level |
|---|---|---|
|
$7 | |
|
$1 | |
|
$8.5 |
Account types
offer up to 1:500 leverage, market execution, micro lot trading, and access to a personal account manager. The stop-out level is 50%.
Types of accounts:
The company provides demo analogs of both account types. Their validity period is 30 days.
Core Liquidity Markets is a broker for traders of any trading experience who prefer high leverage trading and have $100 or more to invest in the Forex market.
Deposit and Withdrawal
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Funds from trading accounts can be withdrawn to bank accounts, cards, or e-wallets, Neteller, Skrill, and Bitcoin.
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If the client used EPS for making a deposit, then the withdrawal of funds, including any profit, must be to the same wallet. The rules for withdrawing by bank transfer are the same. If the account was replenished using a card, the broker will withdraw an amount equal to the deposited deposit. The profit shall be transferred to a bank account, Neteller or Skrill.
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Funds can be returned to the account/card of the trading account holder but only after the trader has passed verification.
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Neteller, Skrill, and Bitcoin withhold 1-2% of the transaction amount, and the bank withholds 3% for transfer to the card. At the same time, at least 5 US$/€/£ or ₿0.0005 is withheld from the client. Wire transfers cost $15 per transfer, however international transfer fees may be higher.
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Transfer times: 3-5 days to cards and bank accounts, and 24 hours to e-wallets.
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Minimum withdrawal amount: $100 by bank transfer; $50 for Neteller, Skrill, Bitcoin, and cards.
Investment Options
Investment Programs, Available Markets and Products of the Broker
Not only active traders but also investors who prefer passive income can get revenue on Forex through Core Liquidity Markets. The company offers its clients a social trading platform and investments in managed PAMM accounts. The company also allows the use of automated advisors. Partners and referrers can get additional income by inviting potential traders to join the brokerage firm.
PAMM, DupliTrade, and expert advisors are services for generating passive income
This broker provides several solutions to investors who don’t want to, or can’t, trade themselves:
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PAMM (Percentage Allocation Management Module). The investor transfers his capital under the management of an experienced trader after connecting to the PAMM system. The manager makes transactions in his account, and they are shown in the managed accounts in proportion to their balance. If the manager wins, the investor wins.
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DupliTrade. This service is for automatically copying trades of successful traders. It is available to investors who have deposited $2,000 or more. There are no fees to connect to the platform and trading fees are the same as for self-trading on Core Liquidity Markets accounts.
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Expert Advisors (EAs). Investors can connect special programs and auto trading scripts. There are 2 options available here: Expert Advisors for (i) semi-automatic or (ii) fully automatic trading. Installation of the first type of expert advisor allows the investor to decide for himself whether it is advisable to make a deal presenting certain conditions and risks.
Any client of Core Liquidity Markets can become an investor. The broker also invites experienced money managers to govern PAMM accounts for cooperation. A manager can modify the trading terms for himself by changing the leverage size, setting the spreads, controlling the risks, and setting his own performance fees.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Core Liquidity Markets affiliate program:
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Invite a Friend. The partner gets $10 for each new client who registered with the broker using his referral link and then deposited $100 or more. The referral also gets $10 from the company after the first transaction. Affiliate remuneration is paid every week. The program is currently unavailable, but it has already been announced on the official webpage.
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Affiliate Program. An offer for website owners, bloggers, and media persons, that pays commissions for attracting active traders to the company.
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Introducing Brokers (IB). This program is for companies and individuals who want to operate under the Core Liquidity Markets brand and get constant commissions from the trading activities of its attracted clients.
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Money Managers. These are persons who manage the trading portfolio that make up the PAMM system. Commissions are calculated automatically and paid in real-time.
Core Liquidity Markets offers affiliate programs to both financial companies and retail traders. Each partner can track the number of connected clients and their trading activity in their personal accounts on the broker's website.
Customer support
The professional Core Liquidity Markets support team works twenty-four/five online.
Advantages
- Contact via chat is available not only to clients but also to unregistered traders
- Chat operators answer in English, Spanish, and Portuguese
Disadvantages
- Technical support does not work on Saturday or Sunday
- There is no callback order form
This broker provides the following communication channels for its clients:
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by calling the phone number specified in the Support section;
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by email to support@clmforex.com;
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via online chat on the website;
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via a ready-made contact form.
There is also a special window for quick communication with representatives of Core Liquidity Markets in the company's Facebook messenger.
Contacts
| Foundation date | 2017 |
|---|---|
| Registration address | CLMarkets Ltd., Suite 305, Griffith Corporate Centre Beachmont, Kingston, St. Vincent and the Grenadines |
| Regulation |
SVG FSA
Licence number: 24750-IBC-2018 |
| Official site | https://clmforex.com/ |
| Contacts |
+44 2 035 146 538
|
Education
There is no tutorial section on the Core Liquidity Markets website. There are practically no educational articles here either, but there is a smidgen of trading theory in its Blog section. However, this information will not be enough for high-quality training about the Forex marketplace.
The broker provides access to the Trader's Edge tool, which offers analytics and trading insights, but also training data. Clients can use two types of demo accounts to transfer theory into practice.
Comparison of Core Liquidity Markets with other Brokers
| Core Liquidity Markets | RoboForex | Pocket Option | Exness | Vantage Markets | FreshForex | |
| Trading platform |
MT4, MobileTrading, WebTrader | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MT5, WebTrader, Mobile Apps | MT4, MobileTrading |
| Min deposit | $100 | $10 | $5 | $10 | $50 | No |
| Leverage |
From 1:1 to 1:500 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:2000 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0 points | From 0 points | From 1.2 point | From 1 point | From 0 points | From 0 points |
| Level of margin call / stop out |
80% / 50% | 60% / 40% | 30% / 50% | No / 60% | 100% / 50% | 40% / 20% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution |
| No deposit bonus | No | No | No | No | No | $30 |
| Cent accounts | No | Yes | No | No | No | Yes |
Detailed Review of Core Liquidity Markets
Since 2013, Core Liquidity Markets, d/b/a the CLMForex broker, has been providing a full range of brokerage services to retail traders and institutional clients. The company was founded in the USA and currently has offices around the world. Its clients have access to analytics prepared by leading financial data resources, a wide range of powerful research tools, and low trading fees. CLMForex is not focused on a specific group of traders and seeks to provide favorable terms for both novice traders to Forex and more experienced market participants.
Core Liquidity Markets by the numbers:
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Over 8 years of experience providing online brokerage services.
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Over 100,000 clients.
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Over 100 trading instruments.
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Cooperation with traders from 100 countries.
Core Liquidity Markets is a broker with a wide variety of Forex trading assets
The company offers its clients five asset classes to trade among standard and ECN accounts. Traders can trade 54 currency pairs, including crosses, all the basics, as well as minor and exotic instruments. The broker provides a wide range of digital assets such as 14 cryptocurrency pairs with BTC (₿), BCH, LTC (Ł), ETH (Ξ), DSH (Ð), and XRP. Its clients can trade in all major global indices (such as: Nasdaq 100, Dow Jones, S&P500, and the GER30) and stocks such as Apple, Facebook, Amazon, and Tesla. Commodities available include precious metals (gold, silver, copper, platinum, palladium), natural gas, WTI, and Brent Crude oil.
Clients of Core Liquidity Markets can only trade through MetaTrader 4. However, the broker provides three iterations of the MT4 trading platform: desktop, WebTrader, as well as mobile applications for iPhone/iPad and Android devices. All platforms support one-click trading and automated expert advisor (EA) strategies.
Useful Core Liquidity Markets services:
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Economic calendar. An essential tool for every trader with a schedule for the release of the most important economic news and events. The current actual data for the company is supplied by Myfxbook.com.
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Trader's Edge. A set of tools that can help you achieve success in Forex trading. These include step-by-step videos on trading set up, robots for professional trading, proprietary indicators for the US markets, regular analytical market reviews, and trading ideas.
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ForexAnalytix. A comprehensive analysis platform that scans the Forex market throughout the trading day, identifying chart patterns to predict further price movement in the course of a continuous market. Clients of the broker get free access for three months, subject to a deposit of $500 or more.
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Currency converter and trading calculators. They are currently in development, but the company promises to add them to the website shortly.
Advantages:
A wide range of assets such as currency pairs, CFDs on stocks, indices, metals, energy resources, and cryptocurrencies.
PAMM accounts for passive investment.
You can use not only cards and wire transfers, but also popular payment systems such as Neteller, Skrill, and Bitcoin to deposit and withdraw funds.
Ultra-fast order execution with an average speed of 40ms.
Chat operators who work twenty-four/five.
Each client gets a personal manager, regardless of the size of his deposit.
Traders are allowed to use various strategies, such as hedging positions and conducting high-frequency and automated trading.
User Satisfaction