Core Liquidity Markets belongs to an Australian company that is regulated by ASIC. This financial company welcomes traders to have a wide range of speculative and hedging products from one unique interface. Besides the regulation and multiple trading options, traders usually want to know what payment options are available with a broker they plan to trade with.
In this article, we will explain all available funding methods a trader can use while he trades with Core Liquidity Markets.
Traders who want to find out more about account features, trading software or support information can read our Core Liquidity Markets review.
Open Real Account with Core Liquidity Markets
In order to start trading with Core Liquidity Markets, a trader has to be registered first. The registration with the broker is not so simple as it is with other brokers we are used to. The registration process allows traders to select the language they will use for registration. Traders can choose English, Spanish, Portuguese or Chinese version.
Next step requires from traders to select the country of residence. According to the Australian KYC guidelines, all traders are required to prepare the ID document and a utility bill or a bank statement so traders will need to prepare those documents. It is important to mention that traders won’t be able to start trading before they provide the documents and verify their trading account.
Next step requires information about the type of account a trader plans to open. The account can be opened for personal, a joint, or company purposes and a special account is being made for Australian applicants.
After choosing the type of a product, traders can select one of the offered Core Liquidity Markets accounts. There are three available trading accounts: Core Standard, Core Plus and Core Pro. Core Standard starts with only 200 AUD, GBP, EUR or USD.
Traders are also required to choose which products they plan to trade with. Core Liquidity Markets provides enabled various products which include:
- Forex
- Binary options
- Commodities
- Indices
- Copy Trader
Traders have the opportunity to choose preferred currency they want to trade with. It is important to say that currency can’t be changed.
A further step of registration with Core Liquidity Markets includes entering personal details and providing details about previous experience and annual income. At the end, a trader has to acknowledge products disclosure statement, privacy policy, and terms and conditions.
Core Liquidity Markets Deposit Methods
Traders can’t make a deposit before Core Liquidity Markets hasn’t approved and verified their trading account. Traders have to provide a copy of passport, driver’s license or national ID card and proof of address in order to verify their account.
After they have activated their CLM account, traders can make their first deposit. Core Liquidity Markets has introduced traders with various types of secure and trusted payment methods that include both credit or debit cards, E-Wallets and bank transfer option.
Those that prefer paying with credit cards will soon be able to use Visa or MasterCard. Paying with credit cards is usually the fastest way for transactions and it is the most common payment method used for depositing.
Traders can make deposits with most popular E-Wallets like Skrill, Neteller, AstroPay or China UnionPay. It is important to mention that traders who decide to transfer their funds using Skrill or Moneybookers will be able to execute their funds immediately with merchant fee of 4%. A merchant fee is what the payment processor charges for processing a deposit or withdrawal. (What Skrill or Neteller charges on their side for example) Core Liquidity Markets won’t have any additional charges for trader’s transfers. Traders that decide to deposit with Neteller will be charged with 3% merchant fee and their funds will be instantly visible on their broker account. China UnionPay traders are also welcome to execute their payments instantly and they will have to pay extra 2% for the merchant fee.
For AstroPay transfers traders will be able to transfer their funds inside 24 hours and the merchant fee is 5%.
Bank Wire transfers processing time is from 3 to 5 working days and this depends on your bank provider. Traders that choose to use bank wire will have additional merchant fee between $20 and $45. Core Liquidity Markets don’t charge extra fees.
Minimum deposit with Core Liquidity Markets is $200 and the minimum trading amount is only $1.
Core Liquidity Markets Withdrawal Methods
The funds are usually withdrawn with the same payment method that has been used for depositing the funds. As we have already mentioned earlier, fees vary depending on a withdrawal method a trader is using and Core Liquidity Markets don’t charge traders with extra fees from their side.
If a trader is using a credit card to deposit his funds, then the withdrawal funds will be transferred back to his credit or debit card up to the amount of the original deposit. The rest of the funds that remained are considered as profit and they will be transferred to a bank wire.
Neteller users will be able to withdraw all funds to their Neteller account. The withdrawal includes the whole amount which includes profits too. Neteller traders can withdraw minimum $50 and processing time is 24 hours. It is important to know that Neteller includes 2% merchant fee.
The same thing goes for Skrill or Moneybookers users and they will be able to withdraw the whole amount to their Skrill account. Minimum withdrawal amount is $50 and processing time is 24 hours. Skrill withdrawal includes 1% merchant fee.
Bank wire traders will be able to withdraw the whole amount to their bank wire trading account only. It is important to say that Core Liquidity Markets won’t approve to withdraw the funds to any other name. Traders who withdraw their funds with a bank wire will be charged with $25 bank fee and minimum withdrawal amount is $100. Processing time is between 2 to 5 business days.
China UnionPay users will be able to withdraw the original amount of deposit while the profits will be processed to a bank wire only. Minimum withdrawal amount is $50 and processing time with UnionPay is 1 to 2 business days. Withdrawal includes 2% of merchant fee.
AstroPay and Boleto Bancario users are welcome to process and withdraw their funds to bank wire, Neteller or Skrill account.
