|Journal status: |
- Full listing profile: CLMarkets broker profile
Is CLMarkets safe?
- Investor protection: no
- Regulation: not regulated
- Registration: FSA SVG
- Publicly traded: no
- Segregated account: yes
- Guaranteed Stop Loss: no
- Negative Balance Protection: yes
Is CLMarkets trusted?
- Information transparency: sufficient
- Customer service: prompt, helpful
- CLMarkets website: semi-detailed, updated
- CLMarkets popularity (by visitor count): low visits
How CLMarkets works
..our ECN account provides traders access to ultra-low, direct raw pricing with no markup and a very small commission cost per trade.
CLM shall have the right, at its sole discretion, to determine the mark to market value from time to time.
Rate indications from CLM are available via the Online Platform(s). The Rate indication is not binding, and the Client agrees to accept the prices offered by CLM when the Contract is executed.
Does CLM Allow EAs -yes, but we reserve the right to disable these on a client by client basis
Our spreads are variable with a price feed aggregated form leading banks and institutions.
CLM enter in to arrangements with third party execution and clearing providers to facilitate transactions and settlements and uses monies received for Margin Calls and settlements for this purpose.
Given that you are dealing with CLM as counter party to every OTC transaction, you will have an exposure to us in relation to each transaction. This is common to all OTC financial market products. You are reliant on CLM ability to meet its counterparty obligations to you to settle the relevant contract. CLM may choose to limit this exposure by entering into opposite transactions as principal in the wholesale market in relation to its exposures with clients.
CLM deal with some of the most respected institutions in the industry as liquidity providers to limit the counterparty risks. Currently our liquidity providers are Goldman Sachs, Morgan Stanley, HSBC, Commerzbank, Credit Suisse, Lucid, UBS AG, Barclays, Citibank, JP Morgan, and Deutsche Bank. Our Providers may change on a regular basis.
CLM prices will be the same price at which it is offered by its counterparty, so all transactions where CLM is the market maker will be entered into on a “matched book” basis or “back to back” basis.
How is the Foreign Exchange Rate Determined? The calculation of the price to be paid (or the payout to be received) for Margin FX Contract offered by CLM at the time the product is purchased or sold will be the same as the price CLM is quoted from its hedging counterparty. Price quotes are based on, and with reference to, the underlying foreign exchange market on which the Margin FX Contract is based.