Core Liquidity Markets is a relatively new broker, specializing in both binary options and Forex trading. Before you begin trading here, make sure that you know whether this site is right for you or not. One of the best ways to evaluate this is with a Core Liquidity Markets demo account. Through this, you can experience everything that the site has to offer, but without putting your own money on the line with high risk trades.
You know that trading binary options is difficult, and you know that there’s a strong chance that you can lose money doing this. Having the right broker on your side can make the goal of profitability one step closer to being attained. If you’re not sure whether Core Liquidity Markets is the best broker for your purposes, then you should try out their demo account. It’s free, and will give you all of the information that you need to know for sure if CLM has what you need to be a successful trader.
Benefits of Core Liquidity Markets Demo Account
There are several benefits to demo trading at Core Liquidity Markets. The first main benefit here is that it teaches you how to use their live platform. They are not perfectly identical, but they are close enough that if you learn the demo platform well, you will be well prepared for a real money account in a few weeks. There are a few drawbacks to demo account trading, but these are inevitable. For one, the CLM demo account does not allow you to make the same type of conditional trades that you can on their live platform. Also, demo trading does not produce quite the same psychological effect that live trading has. Having $100 on the line in real money evokes a reaction in some people that can cause them to be nervous or make bad decisions. In demo trading, this feeling cannot be replicated. However, a Core Liquidity Markets demo account can teach you how to use their software well enough that this is minimized a bit.
Core Liquidity Markets has a lot to offer at their site. They have binary options trading, Forex trading through the MetaTrader 4 platforms, and contracts for difference with commodities and indices on a spread. Many binary options traders do not have the experience or the working knowledge to be successful in these areas without experience, so it is beneficial to get a lot of practice in before you start risking real money.
Also, the CLM demo account is much longer lasting than other brokers’. While many sites only let you keep a demo trading account open for only 72 hours before you need to decide if you are going to trade with real money, Core Liquidity Markets allows you to demo trade for 30 days before asking you to make a decision. If you decide to trade at CLM, you can request to have a demo account reopened for you after you make a qualifying deposit. This second demo account does not expire.
To open a real money account at Core Liquidity Markets, you need to make a deposit of at least $200.
Who Can Trade at Core Liquidity Markets?
To trade at CLM, you need to be at least 18 years old and live in a country where the Australian Securities and Investments Commission (ASCI) is considered to be an authoritative body. This ensures that traders in Australia can safely use this site, but other traders, such as those located in the United States, cannot legally use the CLM broker service. If you have questions about this site, be sure to check your local rules and regulations to make sure that you are going to be legally protected if you decide to use this site.
Not Sure How to Start?
If you are unsure of how to get started with a Core Liquidity Markets demo account, we suggest you get in touch with their customer support team. This team is available 24 hours a day during week days, and they are there to help both existing and potential clients.
However, the demo account is very easy to access at CLM. If you go into their “FAQ” section, there is a prominent link leading to the 30 day free trial of their demo account. You will need to create an account first, giving your name, country, email address, your currency, and a password to keep your account secure. You will need to pick a base currency and a leverage amount, if you wish to use their Forex demo services. The process is pretty simple, but if you do need assistance finding this section, or if you need further help with their platform once you do get started, the customer service team is the place to turn to. You can contact them by email at [email protected], by phone in Australia at 612 8015 5431, or by their live chat tool, which can be accessed from anywhere on their website. They make it easy to get in touch with them so that more people have quicker access to their site. This is a very positive feature.
Core Liquidity Markets Demo Conclusion
Are you thinking about opening up an account at CLM? Before you do, we strongly urge you to take a look at their demo account. While it’s not a perfect representation of what trading at their site with real money will be like, it will definitely let you know if this site is right for you.
Binary options trading, or any other type of trading for that matter, is very risky. Having a strong understanding of the platform that you will be using is a vital component of your success as a trader. While being knowledgeable of your broker and the tools that the offer is crucial, it is still not a guarantee that you will make money. However, if you don’t have this on your side, it is almost a certainty that you will lose money here and there until you do gain that understanding. So, if you decide that Core Liquidity Markets is the broker where you want to trade, using their demo account service is a smart choice if you want to give yourself an advantage over the volatility that is inherent in the binary options market.
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