CMS Forex Reviews and User Ratings

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CMS Forex General Information


Broker Name
CMS Forex
Established
1999
Country
Virgin Islands
Min Deposit
$250
Max Leverage
1:200
Regulation
NFA, CFTC, FCA
Email
ukinfo@forex.com
Telephone
0800 032 1948
Fax
-
Website Language
English
Support Methods
Email
Telephone
Live Chat
Skype
24/7 Support
Deposit Options
Credit Cards, Debit Cards, Wire Transfer
Withdraw Options
Credit Cards, Debit Cards, Wire Transfer

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Description


CMS Forex Background

CMS Forex is a New York-based Market Maker regulated by the National Futures Association (NFA), US and the Financial Conduct Authority (FCA), UK. It was established in 1999 by a clique of prosperous Forex traders, brokers and software developers. CMS Forex have a number of affiliates in different parts of the world including the CMS Forex UK, Bermuda’s Capital Market Services International and CMS Forex Japan.

Features of CMS Forex

  • Trading at CMS Forex depends on the VT Trader 2.0 platform; a highly customizable software which comes with a host of features including the over 110 built-in technical indicators such as the moving averages, Stochastics, Bollinger Bands, Ichimoku, etc. The platform also enables one to trade directly off the Forex charts.
  • In addition to the VT Trader 2.0, CMS Forex also offers traders with the most popular MetaTrader4 platform which also comes with a range of technical indicators and drawing tools, ability to use robot or Expert Advisers (EAs), ability to Back-Test, etc.
  • The Education section of CMS Forex has vast resources to guide especially the traders on how to go about Forex trading at the site; this includes a tutorial on how to use the VT Trader 2.0 platform.
  • CMS Forex comes with leverages of up to 1:200.

CMS Forex’s first impression is that of a Market Maker dedicated to provide a good Forex trading environment to traders. The Education section is especially helpful to help the first time traders familiarize fast with the site and Forex trading as a whole.

Conclusion

CMS Forex is a good Market Maker that is worth trying. It provides an appropriate trading environment which translates to positive Forex trading experiences among traders.

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Features and Trading Instruments


CMS Forex offers traders with a 24-hours live chat customer support to help them with technical and other issues that they may encounter while trading at the site. The support team is well informed and quite professional. The services are available all the trading days of the week and other than the live chats, they can be accessed via phone or email.

Features
Hedging
Scalping
Margin Interest Rate
Trailing Stop
Web Based Trading
Pending Orders
One Click Execution
Mobile Trading
US Traders
Automated Trading
Islamic Account
Swaps
Segregated account
Affiliate Program
Trading Contest
PAMM
Trading Instruments
Oil
Gold
Metal
Indices
ETFs
CFDs
Stocks
Commodities
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Pros and Cons


PROS:
  • Traders can get unlimited access to up-to-date Forex news feed and technical analysis.
  • CMS Forex allows traders to do Scalping and Hedging.
  • CMS Forex offers traders with free Demo accounts to enable them try out the accounts before opening the actual accounts.
  • Traders are provided with email and text message alerts.
CONS:
  • CMS Forex does not offer Islamic accounts.
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Account Type


  • Minimum Account Size: $250
  • Spread: Medium/ Variable
  • Trading Instruments: Forex
  • Trading Platforms: MT4, VT Trader

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CMS Forex Review Score


CMS Forex Reviews and User Ratings
7.5 Total Score
5 reviews
Add your review
Web Design
7.2
Reliability
7.6
Platform
7.8
Customer Support
7.8
Withdrawal
7.2
Broker Name
CMS Forex
Established
1999
Country
Virgin Islands
Min Deposit
$250
Max Leverage
1:200
Regulation
NFA, CFTC, FCA
Email
ukinfo@forex.com
Telephone
0800 032 1948
Fax
-
Website Language
English
Support Methods
Email
Telephone
Live Chat
Skype
24/7 Support
Deposit Options
Credit Cards, Debit Cards, Wire Transfer
Withdraw Options
Credit Cards, Debit Cards, Wire Transfer
Features
Hedging
Scalping
Margin Interest Rate
Trailing Stop
Web Based Trading
Pending Orders
One Click Execution
Mobile Trading
US Traders
Automated Trading
Islamic Account
Swaps
Segregated account
Affiliate Program
Trading Contest
PAMM
Trading Instruments
Oil
Gold
Metal
Indices
ETFs
CFDs
Stocks
Commodities
CMS Forex Reviews and User Ratings
7.5 Total Score
5 reviews
Add your review
Web Design
7.2
Reliability
7.6
Platform
7.8
Customer Support
7.8
Withdrawal
7.2

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5 Comments
Show all Most Helpful Highest Rating Lowest Rating Add your review
  1. Reply
    Milo Dragonov
    July 23, 2016 at 3:13 am
    3.6
    Web Design
    70
    Reliability
    70
    Platform
    80
    Customer Support
    70
    Withdrawal
    70

    I used to hate CMS FX before and I regretted my decision of ever opening an account with them; however, after being bought out recently by forex.com their services have improved drastically and their VT Trader doesn’t freeze as often anymore. I guess that things are looking up for them but I’m reserving my judgment for now.

    Helpful(0) Unhelpful(0)You have already voted this
  2. Reply
    TheDefraudedOne
    September 11, 2015 at 7:01 pm
    1.6
    Web Design
    30
    Reliability
    30
    Platform
    30
    Customer Support
    40
    Withdrawal
    30

    I knew this was a sign that those bastards at CMS were on the verge of bankruptcy and being bought out by another brokerage site just proves my point completely. These assholes stole my money from me in the guise of an inactivity fee which means that they weren’t getting enough trade volume and had to tax anyone who wasn’t trading. What a load of bull!

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  3. Reply
    TheCrabbyGrandpa
    August 17, 2015 at 7:00 pm
    4.6
    Web Design
    80
    Reliability
    90
    Platform
    100
    Customer Support
    100
    Withdrawal
    90

    I am still working with CMS today albeit with a new entity and I have to say that their brokerage services have never been better. The VT Trader platform has improved in all its aspects, execution, updates, and even charts, the takeover of CMS did wonders for them.

    Helpful(0) Unhelpful(0)You have already voted this
  4. Reply
    Yolanda Virgoften
    March 14, 2015 at 7:08 am
    4.8
    Web Design
    90
    Reliability
    100
    Platform
    100
    Customer Support
    90
    Withdrawal
    100

    I have been trading with CMS for over 5 years now and up until they were bought out by another broker. The one to take the broker over, forex.com, did an excellent job in keeping up the tradition of excellence that CMS had and I plan to trade with them for another 5 years more.

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  5. Reply
    TheBuddhistTrader
    June 19, 2014 at 11:30 am
    4.2
    Web Design
    90
    Reliability
    90
    Platform
    80
    Customer Support
    90
    Withdrawal
    70

    Whether it was CMS FX before or Forex.com now, this broker still keeps providing good spreads to traders like me. There’s only a few things I ask for in a broker and that’s good spreads and low commissions and I have to say this broker delivers on their promises.

    Helpful(0) Unhelpful(0)You have already voted this

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