Company DetailsTrading PlatformHow To Place A TradeAssets & MarketsSpreads & FeesCLMarkets LeverageMobile App ReviewPayment MethodsDepositsWithdrawalsDemo AccountBonuses & PromotionsRegulation & LicensingCLMarkets Additional FeaturesDupliTradeAccount TypesStandardECNHow To Open An AccountBenefitsDrawbacksTrading HoursCustomer ServiceSafety & SecurityCore Liquidity Markets VerdictAccepted CountriesCompare CLMarketsCLMarkets Comparison TableCompare Trading InstrumentsCLMarkets vs Other BrokersFAQCan I Trust Core Liquidity Markets?What Trading Platforms Does CLMarkets Offer?What Instruments Does Core Liquidity Markets Offer?What Is The Minimum Deposit Requirement For CLMarkets Live Account?Which Countries Does Core Liquidity Markets Provide Trading Services In?
Core Liquidity Markets (CLMarkets) is a multi-asset online brokerage. Day traders can invest in 100+ instruments including forex, indices, stocks, cryptocurrencies, and commodities. This 2022 review will cover the fee structure, MT4 download, mobile app, account types, opening hours, and more. Find out whether our experts recommend signing up with CLMarkets.
Core Liquidity Markets is a trading name of CLMarkets Ltd. Established in 2013, the trading broker serves over 100,000 clients in more than 100 countries, from the UK and Germany to Canada and Hong Kong.
CLMarkets offers competitive trading conditions to retail traders, including ultra-fast executions of less than 40ms, 24/6 customer support, plus tight spreads and low or zero commissions.
A selection of free signals and robots, along with live educational materials, also makes the broker popular with beginner traders.
CLMarkets is registered in Saint Vincent and the Grenadines where it holds a license with the Financial Services Authority (SVGFSA).
CLMarkets offers just one platform; MetaTrader 4. The MT4 terminal is available to download to Windows and Mac devices or can be used as a web-based profile. The platform is suitable for beginners and experienced traders, with a high degree of customizability.
You can live stream the latest news or view market changes within the platform. Additionally, you can stay up to date with mergers, dividend history, and their impact on share value, plus view YTD company performance via custom charts and graphs. Other features include:
Two stop orders
Four pending orders
Two market orders
Three execution modes
One-click order execution
MQL4 programming language
30+ built-in technical indicators
Direct access to Expert Advisors (EAs) for automated trading systems
How To Place A Trade
Once you have registered for a Core Liquidity Markets live account and made an initial deposit, follow these steps to make a trade:
Download the MT4 software or open the web terminal
Login with your registered credentials
Select an asset using the navigation search bar, for example, EUR/AUD
Select the white page icon/add an order button to the right of the asset
Enter your trade parameters including trade size and execution mode, plus stop loss or take profit level
Select ‘sell’ or ‘buy’ to confirm the trade
MT4 New Order
Assets & Markets
CLMarkets offers 100+ global instruments:
Trade a curated assortment of 10 company stocks including Apple, Tesla, and Amazon
Speculate on the price of four precious metals and energies including gold, silver, oil and gas
Trade on nine of the world’s largest stock indices including the S&P500, FTSE100, and Germany40
Trade 54 major, minor, and exotic currency pairs including the EUR/USD, GBP/AUD, and USD/JPY
Invest in seven popular digital currency coins with USD crosses, including Bitcoin, Ethereum, and Litecoin
Note, the broker does not provide futures, binary options, or ETF trading.
Spreads & Fees
Our experts found that fees vary depending on the account type and instrument. The Standard profile follows a commission-free model with flexible spreads from 1.2 pips. The EUR/GBP currency pair is offered at 1.9 pips and the EUR/USD pair at 1.2 pips. A minimum deposit of $100 is required to get started with this profile.
The Core Liquidity Markets ECN account offers raw spreads from 0.0 pips, with a commission of $3.50 per side. The average spread for the EUR/GBP forex pair is 0.9 pips while the US 30 index is available at 2.2 points. A $500 minimum deposit is required to get started with the ECN account.
There are no inactivity fees but swap charges may apply to overnight positions.
As an offshore brokerage, day traders can access substantial margin trading opportunities. The maximum leverage available across all account types is 1:500. Applying the highest leverage would mean a $100 deposit will provide traders with $50,000 in purchasing power.
Users can amend the leverage level from within the client portal. Traders can also implement various risk management strategies on MT4 to limit potential losses.
Mobile App Review
When we used CLMarkets, our experts were disappointed to see no proprietary mobile app is offered. With that said, the MT4 terminal can be downloaded to mobiles, available on iOS and Android (APK) devices.
The MT4 app offers most of the features and services found on the desktop platform. This means you can manage your profile, invest in assets, view financial statements, check live global prices, and analyze charts while on the go. Push notifications, one-click trading, and in-app chats are also available.
Reviews on the Apple App Store are positive, with a 4.8 out of 5-star rating.
To make a deposit, sign in to the client portal using your registered credentials. Select ’Transfers’ and choose your funding method. Deposit options may vary by country, but international payments can be made via Visa or Mastercard credit/debit cards, bank wire transfers, Bitcoin, Neteller, and Skrill.
A $20 to $45 fee applies for bank wire transfers, however, the broker waives charges for alternative payment solutions, including Neteller and Skrill. Exchange rate charges may also apply if you are depositing in a currency other than your account base currency (USD/EUR/GBP).
Withdrawals must be processed via the original deposit method. To request a fund removal, log in to your client portal and select the ‘Withdraw Funds’ icon. Choose the withdrawal amount and method, and then click ‘Confirm’.
Clients are permitted to withdraw the full balance of their trading account at any time – there are no maximum restrictions. CLMarkets also processes all withdrawal requests within 24 hours, though the time taken for funds to clear will vary depending on the payment method. Weekend dates and public holidays may cause delays.
Fees range between 1% and 2% depending on the solution.
Core Liquidity Markets offers a 30-day demo profile. The simulated account allows day traders to test the platform’s speed and functionality, plus gain access to real-time spreads. Users can also watch how examples of trades would play out under live market conditions. Keeping a simplified list of successful and unsuccessful trades, or using a journal, can help prepare traders for real-money investing.
Once the time limit has passed, investors that open a live profile gain access to Trader’s Edge, which is a full resource hub with various tools, strategies, and further guidance.
Bonuses & Promotions
While using CLMarkets, we were not offered any bonus incentives or online promo codes. Nonetheless, the broker does promote an ‘invite a friend’ program, with weekly rewards of $10 available for referring friends or family.
As with all financial incentives, trading games, or the chance to buy discounted stocks or assets, always review the terms and conditions.
Regulation & Licensing
Core Liquidity Markets Limited is registered in St Vincent and the Grenadines and is regulated by the Financial Services Authority (SVGFSA). Our experts confirmed incorporation in May 2018 and found an active regulatory registration under the trading name CLMarkets Limited, license number 24750.
Although it is good to the broker holds a regulatory license, this financial agency provides limited oversight with relatively relaxed joining requirements. As a result, day traders may not receive an adequate level of support or protection vs brokers overseen by top-tier financial bodies, such as the UK Financial Conduct Authority (FCA) or the Cyprus Securities & Exchange Commission (CySEC).
CLMarkets Additional Features
Core Liquidity Markets offers several additional features and resources, including an economic calendar and blog forum. Day traders with live profiles also get exclusive access to Trader’s Edge. This is a full resource center suited to investors of all experience levels, with step-by-step trade setup videos, professional robots, weekly trade ideas, newsletters, and a catalog of educational content, including ’how to’ guides, understanding share price quotes, and forecast predictions using market history and trends.
In addition, investors can make use of ForexAnalytix with no fees. This is a comprehensive analysis tool that identifies high-probability chart patterns and flags any major changes in macro data on a daily basis.
The brokerage also offers weekly market reports with insights into the meaning of trade volumes, dividend yields, investor relations, and more.
Additionally, CLMarkets provides access to DupliTrade. This user-friendly platform allows clients to copy the actions and trades of expert investors directly in their real-money account.
Retail traders can choose from a variety of systems, select a risk appetite and determine how personal capital is allocated within a portfolio. Positions can be controlled and monitored in real-time, including amending a strategy or closing out a position. You can also view pre-defined strategies before committing funds. This includes a full profile of characteristics and a wealth of performance statistics.
When we tested the CLMarkets DupliTrade terminal, we were impressed with how easy it was to compare strategies and view projected results using pre-defined criteria.
Note, you must fund a CLMarkets live account with at least $2,000 to gain access to DupliTrade.
CLMarkets offers two accounts to day traders. Both profiles provide access to all trading instruments, one-click executions, and a stop-out level of 50%. USD, GBP, and EUR account denominations are accepted.
The key difference between the two profiles is the pricing structure. The Standard account offers commission-free investing with floating spreads, whereas the ECN profile provides raw spreads with a commission per trade. The ECN profile also offers high-speed executions and a 99% fill rate.
Scalping & hedging
Spreads from 1.2 pips
$100 minimum deposit
Micro-lot trading enabled
Scalping & hedging
Spreads from 0.0 pips
$500 minimum deposit
Micro-lot trading enabled
$3.50 commission per side
How To Open An Account
When we registered for a new account with Core Liquidity Markets, it was a quick and simple process.
To open a live profile, select the ‘Start Now!’ logo on the top right of each web page. Next, complete the application form and provide the relevant details, including personal financial information and previous investment experience.
Upon successful receipt of the relevant information and documents, CLMarkets will activate your account and you can sign in with your login credentials. Once you have made a qualifying deposit you can then start trading.
Advantages of signing up with CLMarkets include:
Free demo profile
100+ trading assets
$100 minimum deposit
MetaTrader 4 platform and mobile app
Two account types with varying fee structures
Access to advanced trading tools including DupliTrade and Trader’s Edge
Downsides to trading with Core Liquidity Markets include:
No live chat service
No negative balance protection
CLMarkets trading hours vary by instrument. The forex market, for example, is open 24 hours per day between Sunday and Friday.
It is worth viewing the published session timetable via the broker’s terminal interface. This can help you stay up to date with market breaks and holidays.
An economic calendar is also available with scheduled dates of daily events and upcoming news publications. This includes announcements across the London, UK and New York City, USA sessions.
The CLMarkets customer support options are industry-standard. The broker offers an email address (email@example.com), an online contact form, and a telephone number (+442035146538). The customer support team and managers can answer questions for traders based in various locations, from Europe to Jamaica, Korea, Kenya, Qatar and Zimbabwe.
An adequate self-help FAQ section can also be found on the provider’s website. The page is categorized into key categories, including accounts, deposits & withdrawals, trading, and MT4. Alternatively, visit the group’s social media channels, such as Twitter and Facebook, for the latest news and updates.
Our experts were disappointed to find no live chat service integrated within the website, though a WhatsApp chat service is available.
Safety & Security
There is limited evidence of consumer safeguarding schemes or negative balance protection. Nonetheless, the MT4 platform is secure, operating with industry-standard encryption, and offering various security settings, including two-factor authentication (2FA) at login.
Still, be cautious of scams, particularly when investing with offshore brokers.
Core Liquidity Markets Verdict
When we used the services offered by CLMarkets, we were pleased with the choice of live accounts and pricing structures, the DupliTrade copy trading service, plus Trader’s Edge. The only major drawbacks are the limited regulatory oversight and lack of negative balance protection.
New users can get started with a $100 or $500 minimum deposit. Alternatively, sign up for the free demo account.
CLMarkets accepts traders from Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Traders can not use CLMarkets from Japan, United States, Spain, Australia.
Compare CLMarkets with similar brokers that accept traders from your location. Among available brokers these are the most similar to CLMarkets:
AvaTrade – Leading forex and CFD broker since 2006, regulated in Ireland, Australia, Canada, Japan, Abu Dhabi, and South Africa. AvaTrade offers multiple trading platforms, including MT4/5, Web Trader, Mobile App, Vanilla options and Social Trading. +1250 Financial Instruments, Educational content and multilanguage customer support active 24/7. 20% Welcome bonus available on allowed countries.
Axi – Axi is a global online FX and CFD trading company, trusted by investors around the world. Highly leveraged trading opportunities plus a $0 minimum deposit make it popular with beginners and seasoned traders.
Global Prime – Global Prime is a multi-regulated trading broker offering 100+ markets. Traders can get started with a $200 minimum deposit and trade with leverage up to 1:100.
Pepperstone – Pepperstone offers CFD trading to both retail and professional traders. Clients can trade FX, indices, commodities and shares on MT4, MT5 and cTrader platforms.
CLMarkets Comparison Table
|Forex, Stocks, Commodities, Crypto||Forex, Stocks, Commodities, Crypto||Forex, Stocks, Commodities, Crypto||Forex, Stocks, Commodities, Crypto||Forex, Stocks, Commodities, Crypto|
|$100||$100||0 $/€/£||AUD $200||$500 recommended|
|0.01 lots||$.01||0.01 Lots||0.01 lots||0.01 Lots|
|SVGFSA||CBoI, ASIC, FSA, FSCA, FSB||FCA, ASIC, DFSA, FMA||ASIC, VFSC, FSA||FCA, ASIC, DFSA, CMA, BaFin|
|–||Welcome bonus 20% up to 10.000$||–||–||–|
|MT4||MT4, MT5||MT4||MT4||MT4, MT5, cTrader|
|1:500||1:400||1:30 – 1:400||1:200||1:500|
|–||CLMarkets vs AvaTrade||CLMarkets vs Axi||CLMarkets vs Global Prime||CLMarkets vs Pepperstone|
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Can I Trust Core Liquidity Markets?
Our CLMarkets review found nothing to be immediately concerned about regarding the legitimacy of the broker. However, the lack of consumer protection schemes and negative balance protection, paired with offshore regulation, may raise concerns. Also, user reviews are mixed, so trial the broker’s services with a demo account if you are unsure.
What Trading Platforms Does CLMarkets Offer?
Core Liquidity Markets offers the third-party MetaTrader 4 platform. MT4 can be downloaded to desktop devices, used as a WebTrader via all major browsers, or is available as a mobile app.
What Instruments Does Core Liquidity Markets Offer?
Simply explained, you can invest in forex, stocks, indices, cryptocurrencies, precious metals and energies. Over 100 assets are available via leveraged CFDs with rates of up to 1:500.
What Is The Minimum Deposit Requirement For CLMarkets Live Account?
CLMarkets’ minimum deposit requirements vary by account type. The Standard profile requires $100 or equivalent currency. The ECN account requires a $500 starting deposit.
Which Countries Does Core Liquidity Markets Provide Trading Services In?
CLMarkets offers services to traders in 100+ countries. With that said, traders from the US, Australia, Spain, and Japan are not permitted to an account.