Core Liquidity Markets Minimum Deposit

Core Liquidity - Minimum Deposit

 

Core Liquidity Markets Minimum Deposit

 

The Core Liquidity Markets minimum deposit amount is $100.

The minimum deposit amount that Core Liquidity Markets requires is equivalent to ZAR 1,835.09 at the current exchange rate between the US Dollar and the South African Rand on the day that this article was written.

 

The minimum deposit amount depends on the type of account the trader opens, and can be broken down as follows:

  • Standard Account – $100
  • ECN Account – $500

 

Core Liquidity Markets CLM is a broker which is authorized and regulated a strict and demanding regulating entity namely the ASIC and as a regulated broker, one of the requirements is that client funds be kept in segregated accounts.

In complying with this, amidst several other strict rules and regulations, all client funds must be kept separate from the broker account, and it can only be used by traders to conduct trading activities.

 

Deposit fees and deposit methods

 

Core Liquidity Markets CLM minimum deposit when opening a live account is a quite low when compared to other brokers.

 

Core Liquidity Markets CLM charges deposit fees when traders make use of the following payment methods:

  • Neteller – 5%
  • Skrill – 4%
  • Boleto – 2%

 

Traders will need to make sure of fees that may be waived by their payment providers in case there are fees that are charged on transactions when depositing funds into the trader’s Core Liquidity Markets CLM account.

 

Core Liquidity Markets CLM offers clients the following ways in which funds can be deposited into the trading account:

  • Credit/Debit Cards
  • Neteller
  • Skrill
  • Bank Wire Transfer
  • Boleto
  • Bitcoin

 

The exact deposit currencies supported and in which deposits can be made are not indicated, but it is safe to assume that popular currencies such as USD, EUR, GBP, AUD and so on, are offered.

Core Liquidity Markets CLM’s FAQ section is still under construction and no mention is made of deposit currencies under the Deposit/Withdrawal sections of the website.

 

Step by step guide to deposit the minimum amount

As soon as the trader has registered for a live account with Core Liquidity Markets CLM and the account has been verified and approved.

 

The trader can follow these steps to deposit the minimum amount into the trading account:

  1. Return to the Core Liquidity Markets CLM Client Login and sign in using the necessary credentials.
  2. Once signed in, the trader will be taken to the Client Portal where they can click on ‘Transfers’ and select their funding method and proceed with depositing the minimum amount.

 

Traders should take note that depending on the payment method used, some transactions may take a certain amount of time depending on the method, time of the day, and day of the week.

 

Pros and Cons

 

PROS CONS
1.      Low minimum deposit amount 1.      Deposit fees charged
2.      Variety of payment methods supported 2.      Deposit currencies not indicated on website

 

FAQ

 

What is the minimum deposit for Core Liquidity Markets CLM?

$100.

 

How do I make a deposit and withdrawal with Core Liquidity Markets CLM?

Core Liquidity Markets CLM offers the following popular deposit and withdrawal methods:

  • Credit/Debit Cards
  • Neteller
  • Skrill
  • Bank Wire Transfer
  • Boleto
  • Bitcoin

 

Core Liquidity Markets CLM prohibits third party payments. Deposits and withdrawals must be to and from the same account that the trader registers when opening a live account.

 

Does Core Liquidity Markets CLM charge withdrawal fees?

Yes.

  • Neteller – 2%
  • Skrill – 1%
  • Boleto – 2%

 

How long does it take to make a withdrawal?

  • Credit/Debit Cards – 3 to 5 business days
  • Neteller – 24 hours
  • Skrill – 24 hours
  • Bank Wire Transfer – 3 to 5 business days
  • Boleto – 3 to 5 business days
  • Bitcoin – 24 hours

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