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CLMFOREX

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.

 

 

CLMFOREX is a brokerage company whose task is to provide intermediary services to traders. Brokers provide access to currency trading in the first place. Many of them also provide an opportunity to transact with company stocks, bonds, commodities, precious metals, indices, cryptocurrencies and other assets. A private person can make transactions with all these instruments only on the trading platform, which the broker provides access to.

In addition, thanks to the brokerage company, an individual can operate on the market with amounts that significantly exceed the size of their own funds. This is called providing leverage. For example, having a deposit of 1,000 USD with a 1: 400 leverage, a trader can make deals for 400,000 USD.

The broker also opens access to analytics, auxiliary tools, and trading signals. Modern trading is impossible without all this.

What is the benefit of a broker?  

 

The broker CLMFOREX makes profit from traders' transactions, as a rule, in two main ways.

The first is the most common. Using spreads. This word refers to the difference between the best prices for buying and selling a particular asset at a particular moment. Moreover, in a transaction between a trader and a broker, the price is one, and between a broker and users of the Forex market - another. The mediator takes the difference for himself.

The second way is easier to understand. This is the collection of a commission for each transaction performed. Most often it has a standard value, but it can be measured as a percentage.

Thus, the brokerage company is interested in attracting as many clients as possible and for them to conduct active trading.

 

Ways to cheat customers  

 

We have found out how honest brokers should work and how they work. Now let's look at how scammers operate, they are also called the kitchen.

The most common way to cheat is to tweak quotes. The broker provides the trader with quotes that differ from the real market ones. Data substitution occurs in order to make operations unprofitable. The deposit is reduced, and then completely zeroed out. At the same time, the trader thinks that his operations were carried out in the market, but in fact - only on the site of scammers.

Bonuses are traps. They are generously distributed for anything: for registration, account replenishment, etc. Only after that, in order for the client to withdraw his own money, mixed with bonus money, it will be necessary to fulfill a number of virtually impossible conditions. For example, conduct trading operations for an amount tens of times greater than the size of the deposit.

In the User Agreement, a clause can also be disguised that allows the broker to manage the client's money. Inattention when reading such an agreement most often turns into a complete loss of the deposit.

 

Where are brokerage companies registered?

 

One of the key points is the place of registration and regulation of the company's activities.

Let's talk about registration first. As a rule, brokers from either their own country or from an economically developed country, for example, a member of the European Union, are more credible to traders. Of course, compliance with UK legislation is reassuring, and compliance with the legislation of an unknown island in the Indian Ocean does not mean anything to most.

However, most brokerage companies are registered offshore. And it's not only about small offices, but also about world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are offshore zones popular among brokers. By registering there, companies pay significantly less taxes than in the place of actual location, which is sometimes carefully hidden.

If a trader has any claims against such a company, then it is likely that he will have to deal with it in accordance with the legislation of that very conditional Belize. It is possible to be physically present there at the court sessions. And this is extremely expensive and difficult.

But is it worth running like fire from just the word "offshore"? As an answer, we will give the names of companies that are not related to brokerage, but with an impeccable reputation and also save on taxes through offshore registration: Apple, Pfizer, Microsoft, General Electric, Intel.

And here we come to the second important point - this is the regulation of the broker's activities. First of all, it is carried out at the level of the state where the company is registered. Each country has its own regulatory body for brokerage activities. So, in Russia it is the Central Bank of the Russian Federation. A trader can find permissive documentation on the websites of such bodies. But there are also supranational structures. For example, the International Financial Commission (The Financial Commission), which is an independent self-regulatory organization,   considering disputes between its members - brokers and their clients.

If the broker's website does not contain information about the regulation of its activities, then these are almost certainly scammers. Or the site contains information about a certain license issued to him, but this information is not confirmed anywhere else. Most likely, these are also scammers.

 

What else to pay attention to?

 

When choosing a brokerage company, study its history. Check out the links to her experts. If one of the leading TV channels in economic news for 5 years in a row refers to the opinion of the analyst of the broker in question, this is good. If a broker claims to have been working for 15 years, but there is no information about him on the Internet at all, this is bad.

It's important to pay attention to company reviews. And read them not only on the website of the broker itself. In the kitchen, they will probably only be laudatory. It is best to browse as many sites as possible.

Pay attention exclusively to the specifics in the offers on the brokers' websites. Honest companies openly write about interest, spread size, minimum deposit, etc. Fraudsters lure with loud, streamlined phrases about a rich tomorrow, stable income, misleading with incomprehensible terms about multi-sites, super functions, and so on.

Find out the company's connection with well-known brands, financial institutions, public organizations. For example, it can be sponsored. Large brokers sometimes hold social promotions. Fraudsters will definitely not do this.

Thus, the process of choosing a broker is complex. But if you approach it carefully, it will allow you to enter the world of trading, which has made millions of people rich all over the world.

FAQ - broker questions

  • 1. Do the trader reviews impact on a rating of CLMFOREX ?

    Any feedback can raise or lower the rating company. To read reviews, go into the rating and select your broker.

  • 2. How to leave a comment about CLMFOREX on the website 4ex.review ?

    In order to leave a review about the broker, go down page, enter a valid email and Your review with an overall score. Reviews are moderated and tracked by the number of comments from the same IP or email. Tech support may request the actual documents that prove that the user was or is a customer of the broker. This rule applies to negative and positive reviews. We want our portal to be honest and independent.

  • 3. Can we assume the broker CLMFOREX decent?

    Before any trade and choosing a broker You must always read reviews on this site and on other sites. Brokers who are honest, have a rating of above 3.8. Also there is always the risk of loss when trading CFDs. Be careful and read the disclosure on the website of the broker. CLMFOREX received a score of 1 of 5 on our resource.

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