CLMarkets -Some Important Details about This Broker

General Information

Registered in Saint Vincent and the Grenadines, CLMarkets is an online forex broker providing access to a series of trading instruments, such as Forex, Indices, Stocks, Commodities, Cryptos. With the CLMarkets platform, investors are given two types of trading accounts: Standard and ECN, and the minimum deposit to trade with this broker starts from $100.

Unfortunately, CLMarkets is not subject to any valid regulation. Please be aware of the risk.

Market Instruments

CLMarkets boasts that it provides easy access to diversified range of trading instruments, including 54 currency pairs, 6 cryptocurrencies, 11 indices, 10 stocks, 10 commodities. investors can diversify their investment portfolios based on their trading styles and trading strategies.

Account Types

With the CLMarkets platform, two trading accounts are on offer: Standard and ECN. The Standard account is suitable for all types of traders, and it asks for an initial deposit of $100, acceptable for most regular traders. The ECN account is ideal for scalpers and professional traders, requiring an initial capital of $500. Execution type: Market.

Investors with both accounts are provided access to 54 currency pairs, 11 indices, 10 stocks, 10 commodities, 6 cryptocurrencies.

Aside from tow live trading accounts, a demo account with 30-day valid period of time is also available for beginners to gain a feel of this platform first and practice their trading skills without risking their real capitals.

How to open an account with CLMarkets？

Opening an account with CLMarkets is a hassle-free, and a free of charge process, with three steps to follow：

1. Click the “Start Now” link on the homepage of CLMarkets, and fill up some required details on the popping-up page.

2. Then, upload your personal data for this company to verify your details.

3. Choose the preferable payment methods, fund your account and start to trade with this forex broker.

Leverage

CLMarkets allows its clients to use leverage of up to 1:500, higher than the levels regarded appropriate by many regulators. This is the typical tactic employed by many offshore brokers trying to attract more investors.

Since leverage may increase your profits, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.

Spreads & Commissions

As with most forex broker, spreads and commissions are significantly determined by trading accounts. The Standard account provides a zero-commission trading environment, only spreads calculated, with forex spreads starting from 1.3 pips. CLMarkets boasts that its ECN account provides traders access to ultra-low, direct raw pricing with no markup and a commission of $3.5 per side per lot.

Trading Platform

CLMarkets provides access to the industry-leading MT4 trading platform, which can be accessed on any device, Web and Mobile. The MT4 trading platform is among the most popular trading platforms around the world allows one-click operations for opening and closing trades, setting stops and entry limits, placing direct orders, setting and editing limit and stop loss, as well as robust charting package.

More importantly, EAs (Expert Advisor) are supported for traders to automate trading during all trading session.

Payment Methods

The minimum deposit is $100, and CLMarkets allows it clients to make a deposit and withdrwal through three payment methods, including Bank Wire, Neteller, and Bitcoin.

Deposits through Bank Wire may take up to 5 business days, and Neteller and Bitcoin payments can be immediately credited.

Concerning withdrawal, the minimum withdrawal amount is $50 via Neteller, Skrill, and Bitcoin, $100 via Bank Transfer. Withdrawal fees differ depending on different payment methods.

Please note that account with limited or no trading activity are subject to any incoming and outgoing fees imposed by the payment processor. Funds can only be returned to an account/card in the same name as your trading account.

Resources & Tools

Aside from the MT4 trading platform, CLMarkets also provides some resources and tools to help traders during forex trading, including Economic Calendar, Traders Edge, ForexAnalytix and Duplitrade.

Customer Support

CLMarkets relies on its FAQ section to give clients some basic assistance. Besides, clients with any inquiries or trading-related issues can equally get in touch with CLMarkets through the following contact channels:

Telephone: +44 2 035 146 538

Email: support@clmforex.com

Or you can also keep up with this broker on some social media platforms, such as Facebook, Twitter and Instagram.

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.