Rating Index
Pros
CMS Forex offers a user-friendly trading platform, VT Trader™, which is well-regarded for its advanced capabilities.
The broker provides a range of educational resources and market analysis to help traders improve their skills and stay informed.
CMS Forex has a global presence with offices in multiple countries, enhancing its accessibility for international clients.
Cons
CMS Forex has faced regulatory scrutiny and complaints regarding its practices, raising concerns about its reliability and trustworthiness.
The minimum account deposit requirement of $1,000 may be considered high for beginner traders looking to enter the forex market.
Some users have reported issues with customer support responsiveness, which can be frustrating for traders seeking assistance.
CMS broker Accounts
CMS Prime Account Type
CMS Prime offers four types of trading accounts to cater to different trader needs:
- Standard Account
- Minimum Deposit: $100
- Spread: From 1.2 pips
- Leverage: Up to 1:500
- Swap Free: No swap for 14 days
- Commission: None
- Minimum Trade Size: 0.01 lot
- Instruments: Forex, metals, indices, commodities, shares, CFDs
- Deluxe Account
- Minimum Deposit: $1,000
- Spread: From 0.8 pips
- Leverage: Up to 1:300
- Swap Free: No swap for 14 days
- Commission: None
- Minimum Trade Size: 0.01 lot
- Instruments: Forex, metals, indices, commodities, shares, CFDs
- VIP Account
- Minimum Deposit: $5,000
- Spread: From 0.6 pips
- Leverage: Up to 1:200
- Swap Free: Swap from day 01
- Commission: None
- Minimum Trade Size: 0.01 lot
- Instruments: Forex, metals, indices, commodities, shares, CFDs
- ECN Account
- Minimum Deposit: $10,000
- Spread: From 0.0 pips
- Leverage: 1:100
- Swap Free: Swap from day 01
- Commission: Yes
- Minimum Trade Size: 0.01 lot
- Instruments: Forex, metals, indices, commodities, shares, CFDs
- Select Account Type: Choose the account type that best fits your investment goals and trading strategy.
- Register Online: Visit the CMS Prime website and complete the account registration form by entering your personal details.
- Set Up Password: Create a password for your first login. Remember, the password must be changed every three months.
- Verify Identity: Upload necessary documents to verify your identity and proof of address.
- Deposit Funds: Fund your account using one of the accepted payment methods, such as bank transfers or credit/debit cards.
CMS Prime Broker Account Opening Process
To open an account with CMS Prime, follow these steps:
Once these steps are completed, you can start trading on the CMS Prime platform.
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