Core Liquidity Markets is an Australian registered and regulated CFDs and binary options broker. The company is based in Sydney and has been regulated by the Australian Securities and Investments Commission since 2016. The broker has been operating since 2012 and is the trading name of Direct FX Trading Pty Ltd.
Core Liquidity Markets is a retail-facing broker though it does also cater to professional and institutional traders. The minimum deposit to open an account with Core Liquidity Markets is $100, or 100 £, AUS$ or euro.
MetaTrader 4 is the core trading platform offerend by Core Liquidity Markets. Users can either download the MT4 app or use the Web Trader browser-based option. The MT4 mobile trading app available for both Android and iOS can also be downloaded by traders who want the flexibility of being able to place or manage positions on the move from either a smartphone or tablet device.
Binary options as well as CFDs trading are both available through all of the platforms.
Supporting the trading platforms are a number of handy calculator tools. These are pips, profit and margin calculators as well as a currency converter.
The MetaFX system is available for money managers, professionals, and copy traders who want to feed several different accounts into one MT4 trading interface. Being allowed to use the system does, however, come with requirements and a trading record, trading and marketing plan and risk management controls as well as minimum account balance of $25,000.
- Minimum of $25,000 under management
Traders are also able to trade via a Virtual Proxy Server (VPS). Advantages of using the VPS are being able to trade 24 hours a day Monday to Friday using algo-based and automated trading software without leaving computer turned on. The VPS system also guarantees an uninterrupted, high speed internet connection and access to the trading account, environment and all tools on a remote server.
The platform in all of its variations is nicely designed and easy to use. Most CFDs traders will already be familiar with the MT4 trading platform so will have no problems in getting to grips with trading with Core Liquidity Markets. It is, however, a more professional and therefore detailed interface than most binary options platforms. This could be slightly daunting for those who only have experience of very simple, one-click binary platforms. Nonetheless, just a little time and experience and most will then appreciate the greater flexibility that the MT4 environment provides.
Core Liquidity Markets covers all of the most commonly traded financial instruments, minus individual equities. However, at a total of 63 tradable the selection is relatively limited for traders who prefer more variety. The greatest depth of choice is available in forex with 49 different pairs covered, which will satisfy all but forex traders who want to trade relatively obscure pairs. 10 different indices are offered, which is reasonable, though only 4 commodities.
While CLM does try to position itself as a broker for money managers and professional traders, the relative dearth of variety in the choice of tradable instruments does mean the platform is more likely to appeal to retail traders.
29 forex pairs are also available to trade as binary options. This is a simplified derivative where traders simply forecast whether the instrument will rise or fall before the option’s time expiry. If wrong, the whole stake is lost and if correct a return of up to 85% on the deposit is awarded to the trader. Because binary options are such a simple format, don’t use leverage and the maximum profit or loss is clear when the option is placed they are often popular with beginners to trading. Binary options positions can also be taken from a minimum of $1 or equivalent in one of the other base currencies supported.
Core Liquidity Markets offers traders leverage of up to a maximum of 400:1. Spreads on the most commonly traded forex pairs are fixed and range from 1.5 to 1.8. Spreads on indices are 4 to 6 and 32 to 76 cent on commodities.
Core Liquidity Markets provides support in English, Spanish and Portuguese. Customer service agents can be contacted through Australian and UK-based telephone numbers and a WhatsApp channel is also available. Email and onsite chat are also provided as additional support options.
Support is available 24 hours a day Monday to Friday.
Security and Fairness
Core Liquidity Markets (CLM) is regulated by the Australian Securities and Investments Commission. However, it should be noted that this regulatory protection only applies to Australian residents so while procedures and systems should be the same for all traders those from other territories don’t have the same recourse. CLM does, however, guarantee that all account funds are held in segregated accounts with Commonwealth Bank of Australia, separated from any business expenses.
Core Liquidity Markets Pros
- Competitive spreads
- Segregated accounts for client funds
- Additional tools such as VPS and MetaFX system for multiple account management
- 400:1 leverage
- Minimum $100 deposit
Core Liquidity Markets Cons
- Limited selection of tradable instruments available
- Equities not available
- Regulation only cover residents of Australia