We, at BinaryOptions.org.za decided to review new broker and present it to our South African readers; Core Liquidity Markets.
Core Liquidity Markets is an Australian binary options broker. It is important to mention how this broker is ASIC regulated (reg.no. ACN 164 994 049). They are owned by the Core Liquidity Markets Pty Ltd (Authorizing Licensee and Principal AFSL 254963).
Below in Core Liquidity Markets broker review, we will provide more information regarding this trading platform and how to trade binary options successfully.
Core Liquidity Markets General Information
To interested traders around the world, including South Africans, they offer a wide selection of trading features for better binary options and forex experience. Further in Core Liquidity Markets broker review, we will take a closer look of how this platform looks like and how to trade profitably. We will however, focus more on binary options trading and not on other financial options.
To start trading binary options with this broker, minimum deposit is $250, while returns go up to 80%. Lowest investment amount is only $1. Also, we discovered how traders in South Africa are able to invest in USD, EUR, AUD and GBP.
Core Liquidity Markets Trading Platform and Features
What we discovered in Core Liquidity Markets broker review is that this broker is the first one to offer binary options trading on MetaTrader 4 software. On this platform, traders can experience numerous benefits, such as option not to risk more than invested amount, a set of different trade options as well as easy trading journey while navigating over MT4 software.
Available times of expiry on CLM platform range from 60 s, 5 min, 10 min, 15 min, 30 min to 1 hr per trade. South Africans are able to invest in more than 60 different underlying assets, such as stocks, commodities, currencies and indices.
Also, our Core Liquidity Markets broker review revealed how platform is available on English, Spanish and Chinese.
As a valuable feature on CLM trading platform, South Africans can practice trading on demo account and try out a variety of trading tools and strategies for better performance. Core Liquidity Markets broker review revealed us how traders in South Africa can choose an amount to invest in this demo. They have on disposal sums of $5000, $10 000 and $25 000. This comes as a novelty since we haven’t see that in any other broker reviews.
Also, when joining this platform, traders are instantly offered whether they want to trade on demo account or want to open a live account.
What is great about demo is the fact traders don’t invest real money but virtual ones, as mentioned above. Therefore, there is no option to lose any money but many benefits to improve trading skills and have a successful binary trading experience. This demo is especially widespread among new South Africans who are about to join this platform and earn money with binary options.
To get access to this demo account, traders need to provide following information: first and last name, currency, leverage, country, phone, email address, password and preferred language. CLM demo expires after 30 days period.
As additional trading service, South Africans can start using mobile version of trading platform since this broker launched a mobile app to all interested traders. This mobile app can be downloaded from Google Play and App Store. Also, it enables traders to have an easy overview of past trades as well as selection of trading tools, just as on web-based platform. CLM mobile app will be most useful for busy traders who are always on the go.
Core Liquidity Markets Account Types
This Core Liquidity Markets broker review presented us how there are 2 trading accounts for live binary options trading. Accepted currencies to use are: USD, GBP, AUD and EUR.
Core Liquidity Markets Standard Account
- Deposits of $250 +
- Leverage up to 500:1
- 0 commission
Core Liquidity Markets Pro Account
- Deposits of $10 000 +
- Leverage up to 400:1
- 3.5 commission
It is actually really simple to create an account with this broker. South Africans can get access to trading platform within just 1 hour, as long as all needed documents are submitted and approved by Core Liquidity Markets broker.
This Core Liquidity Markets broker review showed us how it is simple to open a trading account and account should be ready within 1 hr as long as all required documents are approved by this broker.
Core Liquidity Markets Customer Support Service
What we discovered in Core Liquidity Markets broker review is that customer support is available 24/5.
It is possible to reach this broker via several channels, such as email on [email protected], phone for AU and UK citizens, web form and live chat as the fastest way of communication. To use web form, traders are asked to provide information, such as email, subject and message to asked support agents.
Also, to get valuable information such as how to trade and basics of binary options trading, South Africans can check Education. In these edu materials, South Africans can get more details about trading process and from where to begin. So far, we haven’t noticed FAQ which we find to be an important segment of trading process due to detailed explanations from how to register, available trading features and banking info.
Core Liquidity Markets Banking
As we have previously stated in Core Liquidity Markets broker review, this brokerage company is regulated by Australian authority ASIC. also, it is important to mention how traders’ funds are kept segregated in Commonwealth Bank of Australia (CBA).
Our Core Liquidity Markets broker review revealed how accepted deposit methods are:
- Credit cards – Visa and Mastercard
- Wire transfer
- E-wallet providers – Neteller and Skrill Moneybookers
Minimum required deposit is $250, an average in binary options industry. Concerning withdrawals, South Africans need to submit a withdrawal request first and send it to CLM broker for approval. Requests for credit cards and e-wallets are processed within 24 hours.
Lowest amount to withdraw from trading account is $50 and for withdrawals via bank wire, amount rises to $100. According to this review, it can take up to 5 business days for funds to arrive on traders’ account. The first withdrawal per month is free, but for each extra withdrawal in the same month, fee of 3% or $5 is being charged.
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