CLMarkets Journal

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CLMarkets Profile
Year
2013
Country
SVG
Branches
2
Regulation
not regulated
Registration
FSA SVG
Investor protection
Fund protection
no
Publicly traded
no
Restricted countries
Not serving
х US
Broker type
MM, DMA, ECN pricing
Dealing book
A+B hybrid book, A-book
Tier
3
Execution speed
...
LPs total
10
LPs quality
Tier-1 Banks
LPs names
Barclays, Citibank, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Lucid Markets, Morgan Stanley, UBS

CLMarkets Accounts
MM
ECN
Minimum Deposit
100 $
500 $
Leverage
500 : 1
500 : 1
Minimum Lot
0.01 lots
0.01 lots
EURUSD spread
1.3 pips
0 pips
Commission
0 $/lotRT
7 $/lotRT
Volume
40 lots
40 lots
Margin Call
80 %
80 %
Stop Out
50 %
50 %
Execution
Market
Market
Spread
floating
floating
Scalping
yes
yes
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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: highly 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.

https://clmforex.com/clients-account-types/

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

https://clmforex.com/wp-content/uploads/legal-documents/CLMarkets-Terms-Conditions.pdf

Our spreads are variable with a price feed aggregated form leading banks and institutions.

https://clmforex.com/products-forex/

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.

https://clmforex.com/wp-content/uploads/legal-documents/CLMarkets-PDS2.pdf

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