Unique Selling Points
Best Broker for Latin America Traders
Top-level customer support: CLMarkets offer 24/5 support to assist clients on their trading journey. The support team is staffed with multilingual agents with the experience and knowledge to assist novice traders, retail investors, professional traders, and asset managers. Some tasks you can get assistance with from the support team are MT4 setup, understanding spreads and instruments, configuring charts, and installing indicators.
Conducive trading environment: CLMarkets offers many features and rewards to help traders maximize their investments. These include up to 1:500 leverage, spreads starting from 0.0, trading strategies for any level, and live training for beginners and casual traders.
Multiple payment options: Clients have various payment options when making deposits or withdrawing funds. These include cryptocurrencies, payment solutions, card payments, and bank transfers.
Introduction
Core Liquidity Markets (Clmforex.com) is an international forex broker that offers tradable instruments in forex, commodities, indices, stock, and metal financial markets. The company was founded in the United States but has its headquarters in Australia. It offers a conducive trading environment for traders of all experience levels to profit from financial markets.
The only trading platform the broker supports is the MetaTrader 4 trading platform, which is widely popular for its ease of use and enhanced trading functionality. The broker also provides educational resources and 24/5 customer support.
In this review, we will review all the critical features of CLMarkets ranging from the account types to the deposit and withdrawals methods.
Supported Countries
CLMarkets supports countries from all locations. These locations include countries from Europe, Africa, North America, and Asia. However, they do not advertise their services to people whose country of residence does not allow CLMarkets' brokerage services.
The broker also states that their services are not intended for residents from the United States, Australia, Spain, and Japan. Nationals from those countries may access CLMarkets from supported regions such as the United Kingdom and Canada.
Customer Service Rating
Core Liquidity Markets (Clmforex.com) has a 3.0-star rating based on 2 reviews on TrustPilot. The low number of reviews prompts us to check the rating on the Topbroker Clmforex.com review page. On the top broker website, Core Liquidity Markets is rated 3.7 based on 10 reviews.
Positive reviews show that brokers take a careful approach to clients' funds. They store clients' funds in a segregated account, so it is not commingled with the company's funds. This practice preserves clients' deposits if the company suffers an economic or legal setback.
On the other hand, some reviewers considered the minimum deposit requirement of $100 too high. However, they noted that the tight spreads, zero exchange fees, and competitive commissions make the broker an excellent choice for trading forex.
CLMarkets Trading Platforms
CLMarkets only offers one trading platform: the MetaTrader 4 trading platform. The Metatrader 4 Platform is one of the most popular trading platforms, partially for forex traders. It offers advanced features and a charting system. It also supports automated trading, scalloping, and marketing analysis. The broker also offers tools and training to help traders master trading strategies, set up trades and leverage indicators, and other tracking tools.
Type of Trading Accounts on CLMarkets
CLMarkets offers two types of trading accounts: Standard and ECN. The Standard account offers zero commissions and low spreads, while the ECN account offers tight spreads with competitive commission per trade. Let's review both accounts.
Standard: The standard account is best for traders who prefer to trade without commissions. It has a minimum deposit requirement of $100 and offers up to 1:500 leverage. Its spreads start from 1.0 pips with zero commissions attached. It allows micro lot trading, expert advisors (via the MT 4 platform), scalping, and hedging. Other features include mobile and web access, 24-hour support, a demo account, and a personal account manager. The account suits retail investors, beginner traders, and professional traders.
ECN: The ECN account has a higher minimum deposit requirement ($500) and attracts $3.5 commission per side. The maximum leverage is 1:500, but you can get forex spreads as low as 0.0 pips. Aside from these features, the ECN is identical to the Standard account in terms of features. However, the high minimum deposit requirement might make this account type unsuitable for beginners and casual traders.
Demo Account: Clmforex.com demo accounts are designed to provide a risk-free trading opportunity for traders of all levels. The demo account offers access to tradable instruments and live market conditions. However, access to the demo account is limited to 30 days.
Trading Denominations on CLMarkets
Clmforex.com allows clients to denominate their trading accounts in any of these three available base currencies: United States Dollars (USD), British Pound Sterling (GBP), and European Euro (EUR).
Company Structure
Core Liquidity Markets (CLMarkets) is a trading name of CLMarkets Ltd. The company is registered in Australia. Initially founded in the United States, CLMarkets Ltd. operates as a trading company that offers trading services to support locations across the globe, including Latin America.
The trading firm is in partnership with a United States-based trading solutions conglomerate and seeks to offer its clients top-tier trading tools and education.
CLMarkets Licenses and Regulatory Compliance
CLMarkets Ltd. is a financial services provider licensed by the SVGFSA — Financial Services Authority in Saint Vincent and the Grenadines.
CLMarkets Customer Protection
CLMarkets protects clients' funds by abiding by the terms of their licenses. These include best practices in safeguarding and managing clients' deposits.
Trading Information
CLMarkets offers an abundance of trading instruments to their clients. They also support multiple payment options and provide educational resources for their clients.
Tradable Instruments
Tradable instruments on CLMarkets trading platforms include
54 forex pairs
10 stocks
7 cryptocurrencies.
10 commodity
9 indices
CLMarkets Leverage
Clients with Standard or ECN accounts can get up to 1:500 leverage. The generous leverage helps small accounts to increase their profit potential.
Deposits and Withdrawals on CLMarkets
Deposits
You can func your trading account on clmforex.com via Visa, MasterCard, Bank Wire, Bitcoin, Neteller, and Skrill.
Deposit Method | Fee | Processing Time |
Bank Wire | $20 - $45 | 2 - 5 business days |
Neteller | 5% (waived) | Immediate credit |
Bitcoin | 1% (waived) | Immediate credit |
Withdrawals
CLMarkets will process your withdrawal via the method you funded your account. For instance, if you funded your account with a bank wire of $1000, you may request a withdrawal via bank wire to the same account for $1000.
Some payments require both the deposit and the profit, while others may only receive the deposited sum.
Withdrawal Method | Minimum | Fee | Processing Time | Comment |
Bank Wire | $100 | $15 | 3 - 5 business days | Withdrawals will only be processed to a bank account in your name. |
Neteller | $50 | 2% | 24 hours | Withdrawals will be processed back to your Neteller account, including profits. |
Bitcoin | $50 | 2% | 24 hours | Withdrawals will be processed back to your Bitcoin wallet, including profits. |
Visa/MasterCard | $50 | 3% | 3 - 5 business days | Withdrawals will be processed back to the same card. Profits will be processed via bank wire, Neteller, or Skrill. |
Skrill | $50 | 1% | 24 hours | Withdrawals will be processed back to your Skrill account, including profits. |
Boleto Bancario | $50 | 2% | 3-5 business days | Withdrawals will be processed back to your Skrill account, including profits. |
CLMarkets Trading Education and Training
CLMarkets offers a variety of tools and educational resources to help both beginner and professional traders. These include
Live expert training
Free indicators & robots
Trading strategies
Weekly market guidance
Demo trading
All of these become available once you've opened your trading account.
FAQs
Is CLMarkets a Scam?
CLMarkets is not a scam. It is a reputable forex broker licensed by SVG FSA — Financial Services Authority (Saint Vincent and the Grenadines) and has offices in Australia.
How do I open a CLMarkets forex trading account?
Visit CLMarkets and select "Start Now" at the top of the page.
Conclusion
Core Liquidity Markets (also CLMForex) is a credible and reputable FOREX broker providing retail and institutional trading services. They offer a full range of trading services and financial instruments that cut across five market assets.
The broker caters to the needs of traders from Latin America and other continents. Their competitive commissions and low spreads make them ideal for active and passive traders. Passive traders can set up automated trading via the MetaTrader 4 trading platform,
However, it should be noted that the broker does not offer swap-free accounts. Traders who cannot review swap interests due to their religious faith may have to consider working with another broker.
