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CMS Forex Review and Information 2024

CMS Forex
Voting Rating CMS Forex does not participate in the Forex Rating
Submit Forex Broker
Reviews Rating
Status Closed
Regulation n/a
Trading software Meta Trader 4
Headquartered Kingstown, Saint Vincent, and Grenadines

CMS Forex was established in 1999 by professional Forex traders, brokers and IT developers. Our industry-leading Forex platform, VT Trader™, is renowned in the industry for its advanced capabilities and user-friendly functionality. In October 2010, CMS Forex became an introducing broker for Gain Capital, which allows it now to offer access to this renowned Forex platform. Headquartered in New York, CMS Forex is a global company with offices in London and Saint Petersburg. As CMS Forex moves into the future, it remains committed to providing top Forex trading platforms and client services.

CMS FOREX is a forex broker company that was founded in the United States but is now apparently settled in Kingstown, Saint Vincent, and Grenadines. 

A Forex broker like CMS FOREX provides traders with access to one or more platforms that will allow them to buy and sell foreign currencies. Forex brokers are also known as retail or currency trading brokers. Retail currency traders in turn use these broker companies to gain access to the 24-hour currency market for speculation purposes. Forex broker services can also be provided for institutional clients and large companies such as investment banks.

CMS FOREX was one of the largest Forex brokers on the market with a presence in some of the most important financial markets in the world and was acquired by Gain Capital in 2010. Since CMS FOREX’s transition to Gain Capital, it still seems to offer services to retail traders through proprietary trading accounts, but with some drawbacks. CMS FOREX trading offers practice and live accounts and relies on the VT Trader 2.0 platform.

 

CMS Forex Trading Information 2024


WWW https://www.cmsfx.com/
Address Kingstown, Saint Vincent, and Grenadines
Headquarters Kingstown, Saint Vincent, and Grenadines
24 hour support
Partnership programs
Trust management
Expert advisors
Free education
Bonuses, Promotions
Sponsorship contests, competitions
1st deposit bonus
Mobile trading
Copy trading
Automated trading
Daily analysis
Demo account
Swaps
24/5 trading
Scalping
Hedging
Commissions
Digits after the dot in quotes 5
Minimum position size 0.01
Spread Type Variable
Pip spread on majors 1-3
Maximum Leverage 500
Standard account, $ 100
Mini account, $ 100
Popular payment methods Credit Cards, Wire Transfer, WebMoney
Account currencies USD, EUR, JPY, GBP
Available assets Forex, Gold, Shares, Indices, Futures, Commodities
Languages English
Platforms MetaTrader 4
Broker type Broker
Regulation CySEC
Foundation 1999

CMS Forex Traders' Reviews

CMS Forex is a complete scam. All important information lies somewhere in the jungle of agreements, which you should at least re-read before each opening of a trading order, wherever you are not deceived. I will definitely not be contacting your alleged specialists again. The rest of the finance has already been withdrawn. What I wish for everyone else. Let them know and learn from the mistakes of others. The company draws candles on the charts and resets deposits to clients, which was confirmed in my personal experience. For the AUD/USD pair, the chart had a low of 65.45, when all other brokers did not lower the price below 67.45. The client agreement states that in the event of a claim, quotes from other companies and information resources will not be accepted. Avoid CMS Forex, sooner or later they will draw a candle and you will lose your funds.
  16 Aug 2020  

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Broker has its own developed VT Trader platform. I can put my trades right on the chart. Platform is interacting with live data. It's free of charge and can be used as a complex environment for trading currencies online. There is no big difference for me whether I trade on mt4 or through vt trader. The only one advantage is I can trade wherever I want if I have internet access.
  31 Jul 2016  

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Server crashing way too often. 2 days in a row for approx. 5 hours without access. VT good platform, but not reliable. I wonder if CMS is shutting down the server on purpose for financial reasons or they just won't upgrade the server to handle traffic.
  29 Jul 2010  

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They are pretty good in every aspect. I have been with them for 1 year. Their platform is visually stunning but uses a lot of memory. <br />
A minor thing is that not all their tech support reps are on the same page as far as tech issues but this applies across the board for all brokers. The good thing is that the software has very good tracking capabilities so you can see and later check everything that you expected to happen but did not. their spreads are among the best (not the best). I made a good choice BUT DON&#39;T EXPECT THEM TO BACK UP YOUR POOR TRADING SKILLS BECAUSE THEY WON&#39;T !!

  28 Sep 2009  

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Far More than just an XM Trading Account - Client Benefits

All clients receive free and unlimited access to personal account managers, forex market research, daily forex webinars, video tutorials, forex trading signals, daily technical analysis, daily market outlook and 24/5 live customer support in over 30 languages.

The best software all the times
  13 Sep 2009  

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my greatest worry with cms is the constant switch off of their trading system the vt else its a wonderful broker with client oriented facilities.
  17 Jul 2009  

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If cmsfx is soo bad...how come you stayed with them for 8 Years ??...and what exactly makes them bad ? guys should stop blamming their losses on the brokers.Please Deji....can you send me the contact number and email of the forex account manager that helped you..please
  20 Jan 2009  

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Well, i used to think this broker were scams and they trade against clients.I had lost so much money with them and almost gave up forex until i saw an advert on google from Quadri Abubakar in Nigeria who trades for people.I refunded my account to his minimum of $5000 and handed it over to him to trade for me on .HE HAS CONSISTENTLY MADE OVER 50% PROFIT PER WEEK FOR ME OVER THE PAST 2 MONTHS using the same broker i thought were scammers.
Now i understand that most people complain about brokers because they dont really know how to trade.As far as i am concerned..cmsfx is good

  12 Apr 2008  

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Got slipped often. Also in the middle of a news after I was already in they shut the server off. Call several times it was busy called again it then rang and rang I then called again and they answered and then hung up. loss alot by the time I got out. If they would have answered the phone I would have gotten out in the money.
  3 Sep 2006  

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I do not belive in cutting and pasting, just have a look at this link about this website ?
http://www.currencysecrets.com/2005/05/13/cms-forex-review/

  24 Jun 2006  

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