Core Liquidity Markets Review

Core Liquidity Markets

  • Regulated by ASIC
  • Competitive spread from only 0.3 pips ( EUR/USD )
  • MT4 servers are hosted by Equinix, allowing very fast order execution to the customers
  • High level of leverage - 500:1 in Standard and 400:1 on Pro account
  • Requires only $250
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Details

BrokerCore Liquidity Markets
Website URLwww.clmforex.com
Founded2010
Headquarters Core Liquidity Markets Pty Ltd ( Sydney, Australia )
Support NumberAU +61 2 8015 5431 ( Australia) | +44 2 035 146 538 ( United Kingdom )
Support TypesLive Chat , Phone Number , Email
LanguagesEnglish , Spanish
Trading PlatformMetatrader 4 | Web Trader | Mobile Trader | Multi-Account Trader | Signal Trader | MYFX
Minimum 1st Deposit$250 AUD
Minimum Account Size$250 AUD
Bonus Free Demo Account
Leverage400:1
Spread From 0.3 pips
Free Demo Account Open Demo
Regulated Yes
RegulationAustralia
Australian Regulated Yes
Mobile Trading Yes
Tablet Trading Yes
Overall Score4.0

Pros

  • Regulated by ASIC
  • Competitive spread from only 0.3 pips ( EUR/USD )
  • MT4 servers are hosted by Equinix, allowing very fast order execution to the customers
  • High level of leverage - 500:1 in Standard and 400:1 on Pro account
  • Requires only $250

Cons

  • Requires $10,000 to open the Core Pro account
  • While there are plenty of Forex pairs to trade, the binary options trading is limited to only 12 assets

Latest Core Liquidity Markets review: June 6, 2017

Full Review

full review on Core Liquidity markets

Founded in 2013 in Melbourne, Australia, as Core Liquidity Markets Pty Ltd (ABN: 12 164 994 049), this Forex broker has quickly become popular among retail and institutional Forex traders in the country. Core Liquidity Markets adhere to the regulatory directives of the Australian Securities and Investments Commission (ASIC ACN: 164 994 049).

Core Liquidity Markets hosts its MetaTrader 4 servers in the ultra-secure EFX1 suite in Equinix LD4 (London) and in Equinix NY4 (NYC) data centers. The LD4 and NY4 data center provides Core Liquidity Markets customers an ultra-fast cross-connectivity between its market liquidity providers, which in terms enable customers to have fast order execution.

In addition to the fast servers, Core Liquidity Markets offers its customers the FIX API. It enables traders to receive a real-time price feed. Hence, submitting trade requests, setting and modifying orders, and receiving automated confirmations of their trading activities are all conducted on a very low latency in order to improve the trading experience.

Besides offering traditional Forex trading services, Core Liquidity Markets is one of the few top brokers in Australia to offer binary options trading to its customers.

Review of Trading Services

Core Liquidity Markets currently offers two types of Forex trading accounts, the Core Standard and the Core Pro.

The Core Standard account mainly caters to beginner Forex traders who want stop demo trading and try out live trading for the first time. Since this account type only requires an initial deposit of $250, novice traders or anyone who wants to try out the Forex brokerage service of Core Liquidity Markets can open an account without risking a large sum of funds. In contrast, the Core Pro account is designed to serve professional and institutional traders, who would executive a lot of trade and usually trade with large position sizes.

Core Liquidity Markets Review - 02

The difference between these two account types of apparent as the Core Standard account does not charge any commission, but the Core Pro account has an associated fee of 3.5 pips per standard lot transaction.

Core Liquidity Markets Review - 05

Moreover, the Core Standard account has higher spread compared to the Core Pro. During our research for this review, we found that the average spread on EUR/USD is only 0.3 pips on for the Core Pro account, but on Core Standard, it is rather high, 1.3 pips. The spread differences widen on Minor Forex pairs compared to the Major Forex pairs.

Besides the spread, the offered leverage on these two account types are also different. For example, on the Core Standard account, customers can enjoy up to 500:1 leverage. However, on Core Pro, Core Liquidity Markets only offers up to 400:1 leverage, which is still pretty high, compared to some other top Forex brokers in the Australian market.

Core Liquidity Markets customers can sign up for a free 30-day demo account to try out both account types prior to opening a live account.

Review of Trading Platforms

Core Liquidity Markets Review - 07

The main trading platform offered by Core Liquidity Markets is the popular MetaTrader 4 (MT4). MT4 has long been the industry standard platform that offers advanced charting with custom indicators. MT4 also comes with the MQL programming language, which savvy traders can use to create algorithm based trading robots in order to automate their trading. Moreover, Core Liquidity Markets supports MYFX Trading Console, which is a third party plugin for MT4 that provides some additional trading features to the traders.

Besides offering the MT4 software package that includes mobile apps for iPhone/iPad and Android devices, and the Multi-Account Trader (MAM/PAMM) for money managers, Core Liquidity Markets also offers some additional trading platforms, including the FXLite Web Trader. FXLite Web Trader is a cloud based trading platform and does not require downloading and/or installing any software on customer’s desktop. Instead, they can use any modern browser to access the Web Trader.

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Review of Customer Support

Core Liquidity Markets offers several popular channels of communication to its customers, including, live chat, email, or telephone. Core Liquidity Markets’ 24 hour support team is available from Sunday at 21:00 GMT to Friday at 21:00 GMT.

Customers are encouraged to send an email to support@clmforex.com prior to calling, as it allows the dedicated support staff more time to handle issues. However, after emailing, they can call at +61 2 8015 5431 to reach their office in Australia. In addition to the phone number in Australia, Core Liquidity Markets also offers a phone support number for its customers in the UK and its broader European markets (+44 2 035 146 538).

Although they claim have live chat support, during the research for this review, we tried to reach them via the Live Chat option, but instead we were asked to leave a message. Nonetheless, the support staff of Core Liquidity Markets emailed us back within an hour.

Core Liquidity Markets Review – Conclusion

Core Liquidity Markets is a no nonsense Forex broker that operates under a solid western democracy and adhere to the regulation imposed by its regulatory authority, the Australian Securities and Investments Commission (ASIC).

Although it is a relatively new broker, we were satisfied with the order execution and quality of overall trading services. We especially liked the 0.3 pips spreads on the Core Pro account, which is very competitive. Especially, when they are offering 400:1 leverage trading option on this account.

If you are looking for a solid Forex broker with an outstanding support team, we strongly recommend that you try out the Forex brokerage services of Core Liquidity Markets.

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Core Liquidity Markets Pty Ltd
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Asif worked as a prop trader for almost a decade, and later he managed trading operations for one of the largest foreign exchange strategy developers in Europe. Currently, he works as a trading consultant to several brokers and writes about various tech and financial topics. You can reach him at contact@asifimtiaz.com

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