CMS Forex broker specializes in providing foreign exchange trading services, the company's official website http://www.cmschina.com.hk/en/CS/AccountOpening, the company's legitimate regulatory information Hong KongSFCDealing in futures contracts,United KingdomFCAInvestment Advisory License, to enhance the security of the company's address 48/F., One Exchange Square, Central, Hong Kong.
CMS Forex Broker
Basic information
Hong Kong
Above 20 years Regulated in Hong Kong Regulated in United Kingdom Dealing in futures contracts Investment Advisory License Suspicious Scope of Business Suspicious Overrun High potential riskCompany profile
Note: CMS's official website: http://www.cmschina.com.hk/en/ is currently inaccessible normally.
CMSReview SummaryCMS Information
CMS is a securities company registered in Hong Kong, China and regulated by SFC. It supports the trading of Futures, Commodities, Funds, Stocks, Bonds, Options, ETFs, Indices, etc. It provides 6 trading platforms and 3 accounts.
Pros and Cons
| Pros | Cons |
| Be regulated | No account details |
| 6 trading platforms | Official website unavailable |
| Demo accounts are not available |
Is CMS Legit?
| Regulated Country/Region | ||
| Regulated Authority | SFC | FCA |
| Regulated Entity | China Merchants Securities (HK) Co., Limited | conChina Merchants Securities (Uk) Limited |
| License Type | Dealing in futures contracts | Investment Advisory License |
| License Number | AAI650 | 610534 |
| Current Status | Regulated | Exceeded |
What Can I Trade on CMS?
CMS offers Hong Kong futures trading, including Hang Seng Index futures, Mini Hang Seng Index futures, etc. CMS also offers bond trading, trading of various funds, including equity funds, bond funds and balanced funds, and ETFs. In addition, there are Hong Kong stocks, overseas stocks in 12 different markets, stock options, global commodities, futures and indices.
| Tradable Instruments | Supported |
| Futures | ✔ |
| Commodities | ✔ |
| Funds | ✔ |
| Stocks | ✔ |
| Bonds | ✔ |
| Options | ✔ |
| ETF | ✔ |
| Indices | ✔ |
| Forex | ❌ |
Account Types
CMS offers two main types of securities accounts: cash account and margin account. A futures account dedicated to trading futures contracts is also available.
CMS Fees
Securities trading charges include 0.25% brokerage commission (minimum HK $100), transaction levy 0.0027%, transaction fee 0.00565%. A stamp duty of 0.13% is imposed on banknotes sold.
Stock options trading involves a commission of HK $40 per contract per party, with a minimum of HK $100 for executed orders.
CMS charges an annual custodial fee of 0.04 percent of market value for its bond trading services, as well as a $30 transaction fee and an $80 early redemption fee.
| Trading Type | Charge Details | Rate/Amount |
| Securities Trading | Brokerage Commission | 0.25% (minimum HK $100) |
| Transaction Levy | 0.00% | |
| Transaction Fee | 0.01% | |
| Stamp Duty on sold banknotes | 0.13% | |
| Stock Options | Commission per contract per party | HK $40 (minimum HK $100 for executed orders) |
| CMS Bond Trading | Annual Custodial Fee | 0.04% of market value |
| Transaction Fee | $30 | |
| Early Redemption Fee | $80 |
Trading Platform
CMS can use CMS Hong Kong App platform and CQ Key app for stock trading, which is available for mobile devices.
CMS offers a variety of software options for futures trading: CQG Trader Futures Trading software, CQG Web Futures Trading, SPTraderPro HD mobile app, and Sharp Point Futures Trading software.
| Trading Platform | Supported | Available Devices | Suitable for |
| CMS Hong Kong App platform | ✔ | Mobile | All traders |
| CQ Key app | ✔ | Mobile | All traders |
| CQG Trader Futures Trading software | ✔ | - | All traders |
| CQG Web Futures Trading | ✔ | Web | All traders |
| SPTraderPro HD mobile app | ✔ | Mobile | All traders |
| Sharp Point Futures Trading software | ✔ | - | All traders |
| MT4 | ❌ | ||
| MT5 | ❌ |
Deposit and Withdrawal
There are 4 deposit methods supported by CMS:
Transfer to designated bank account (e.g. Standard Chartered Bank, Bank of China)
Online banking through China Merchants Bank Hong Kong Branch (CMBHK)
Checking deposit
Same day bank transfers from selected local banks
Withdrawals can be made through online trading platforms or by check and remittance. In addition, bank account authorization and deposit of funds are free of charge.
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Latest Reviews
FX1827755453
Hong Kong
Fraud, unable to withdraw funds. The first time I could withdraw 3000, but the second time they said I was maliciously withdrawing and insisted that I keep 10 in my account. I said I needed it urgently, so they found various reasons to freeze my account, and then induced me to deposit 100,000 to unfreeze it so that my account could trade normally! The customer service scolded me for not depositing.
Exposure
2024-10-31
June
United Kingdom
Very impressive. They offer a wide range of services from IPOs to personal investments in stocks and bonds. Their brokerage options are vast, perfect for diversifying investments globally. The research insights are incredibly helpful, especially for HK and US-listed Chinese stocks. If you're looking for a one-stop shop for diverse financial services, CMS is a great bet.
Positive
2024-06-04
FX1827755453
Hong Kong
From 2024.9.24 to 10.20, mainland employees such as Xu Xinyue went to Hong Kong for exchange and learning training. A foreign exchange investment sector was temporarily developed, with Hong Kong providing the platform and mainland employees responsible for recruiting investors. Once a certain amount of funds is obtained, the accounts will be frozen! They exploit legal loopholes by using Hong Kong law to induce traders to continue depositing money to unfreeze their accounts! It's a never-ending cycle. Exploiting legal loopholes!
Exposure
2024-11-01