Core Liquidity Markets was founded in 2013. Core Liquidity Markets accepts Australian traders. Registered as a Forex and binary trading options broker, Core Liquidity Markets is also known as CLM Forex.
It has since managed to extend its business operations across Australia and into international finance.
It has garnered a reputation for being a reliable and well regulated binary options broker. Core Liquidity Markets has been licensed by the Australian Securities & Investments Commission. The license is further evidence to prospective clients, that it is a legitimate binary options broker and hence there is no risk of being scammed. The ASIC is a very strict regulator of all its licensed brokers operating in Australia.
Pros
- Availability of the Meta Trader 4 Platform
- Pay out rate up to 85%
- Supports multiple deposit and withdrawal methods
- Regulated by the ASIC
- Withdrawals processed within one day domestically
Cons
- Traders cannot trade in indices or stocks
One of the fundamental things to get right as a broker in binary options trading is an easy to use online platform for subscribed binary options traders. Fortunately, Core Liquidity Markets offers a wide range of such platforms to suit as many customers as possible.
Some of the online trading platforms on offer are SignalTrader, FXLite Web Trader, MYFX, MT4 and MT4 Mobile. The platforms also work in tandem with Meta Trader 4 so it is possible for traders to access and analyze prices in real time before placing trades on them.
Traders at Core Liquidity Markets are offered fairly old-fashioned contracts on binary options. Clients can either place a Call option or a Put option depending on where they think the price is going.
Core Liquidity Markets does not offer stocks and indices to be traded.
The expiry time periods for binary options consist of
- 60 seconds,
- 5 minutes,
- 10 minutes,
- 15 minutes,
- 30 minutes, and
- 60 minutes.
Core Liquidity Markets does offer a demo account for free but only for 30 days.
The maximum pay out offered by Core Liquidity Markets on a successful trade option is 85%, one of the highest anywhere. In order to open a live account for the first time, a deposit of at least $250 will need to be made. The equivalence in Australian dollars, Pound Sterling, or Euro can be deposited as well.
Which are the best alternatives to Core Liquidity Markets?
The best alternative is IG Markets Australia. This broker also accepts Australian traders, and they have a steller reputation in the trading industry.
Payment methods such as Credit cards, bank wire transfers, Neteller, China UnionPay and Skrill are all accepted by Core Liquidity Markets. The same applies for withdrawals.
Traders can withdraw a minimum of 50 in the currencies of AUD, USD, GBP and EUR. The withdrawals can be made with a credit card, debit card, Neteller, China UnionPay or Skrill. For bank transfers, the minimum amount that can be taken out is $100 or the equivalent in AUD, GBP, or EUR.
It usually takes between 3 and 5 business day to process bank wire transfers internationally.
For transfers taking place within Australia, it normally takes between 1 to 2 days. Other methods are usually processed within a day.
Another advantage offered by this broker is fund protection. This is because of the clients’ funds are placed in accounts in the Commonwealth Bank of Australia (CBA).
These are segregated so that they cannot be used for any business related activities on behalf of Core Liquidity Markets.
Core Liquidity Markets Minimum Deposit
While traders are expected to deposit at least $50 dollars into their account, they can trade with a lot less.
Core Liquidity Markets requires their traders to trade with a minimum of 1 AUD, EUR, GBP, or USD.
You can contact Core Liquidity Markets for customer Support either by email, phone or via a live online chat on their official website. These options are available to all traders associated with Core Liquidity Markets, even international ones.
The question of which is the best binary options broker in the business is almost impossible to decide since each trader has a unique, objective standard.
How Good is CML Forex For Australians?
Overall, Core Liquidity Markets has been deemed a very good broker to partner with for trading in binary options.
It is strictly regulated by the ASIC so clients feel secure enough to invest in large sums without any fear of exploitation. On top of that, traders have the option of choosing from a variety of different trading platforms to trade on.
Customer service is also highly reputed among all clients, those that have only just begun trading as well as the more seasoned traders as well.