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CMS Forex Broker provides real users with 3 positive reviews, * neutral reviews and 4 exposure review!

CMS Broker Review

5.91

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CMS Review 7

Latest All(7) Positive(3) Exposure(4)
Exposure
Hong Kong CMS and Hangzhou CMS, jointly deceive mainland traders. Evading legal sanctions!

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!

FX1827755453
2024-11-01
Exposure
Fraud, unable to withdraw funds, inducing only recharge to unfreeze

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.

FX1827755453
2024-10-31
Positive
Comprehensive Financial Hub: CMS Delivers Global Investment Diversity & Insights

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.

June
2024-06-04
Positive
Comprehensive Financial Expertise at CMS: Unmatched Services for Savvy Investors

Having used CMS services for some time now, I can confidently say that they stand out in terms of their comprehensive array of services. Whether it's IPO sponsorship, equity trading, debt capital market fundraising, or mergers and acquisitions, they've got an expert team ready to assist. Moreover, their global commodities service is excellent, providing access to over-the-counter metals and energy derivatives in a seamless manner. What impressed me most was their research team, whose in-depth market analysis has frequently guided my investment decisions. Their customer service is always prompt and helpful. It's been a pleasure to open and operate my account with them. I would highly recommend China Merchants Securities for anyone looking for holistic and professional financial services.

FX1475574124
2024-04-19
Exposure
Unable to withdraw money

The recommended stocks have been making no money, let me invest in their business: as for Market Maker, they claim that the capital will be protected even if losing money. This is cheaper than the purchase price of investors in the primary market. I made a few orders, and the book profits are indeed increasing. I want to withdraw cash later, they said that they require a 30% deposit. If the payment is overdue, the security deposit will be doubled. That's when I knew I had been duped. The scammer pays back the money quickly.

盈赢
2023-08-24
Exposure
Unable to withdraw money

At the beginning, they recommended stocks, but as a result, they lost more and more. Later, market makers were opened, and they said it was cheaper than the transaction price in the primary market. In the end, the locked account cannot be opened and the funds cannot be withdrawn (need to pay a deposit) and run away.

盈赢
2023-08-23
Positive

I have been trading with this securities company for 4 months, so far I am very satisfied and will continue to trade. It is a well-known financial company in China.

IntJ
2022-12-12

  

CMS 2025 Review: Everything You Need to Know

  CMS Trader has garnered a mixed reputation in the forex trading community, with several reviews highlighting both its advantages and significant drawbacks. Established in 2013, the broker offers a range of trading options but is often criticized for its regulatory status and customer service. Users have reported varying experiences, from favorable trading conditions to concerns about fund withdrawals and overall trustworthiness.

  Note: It is essential to recognize that CMS Trader operates under different entities across various regions, which may impact the trading experience and regulatory oversight. This review aims for fairness and accuracy by synthesizing information from multiple reputable sources.

  

Rating Box

Category Rating (out of 10)
Account Conditions 5
Tools and Resources 6
Customer Service and Support 4
Trading Setup (Experience) 6
Trustworthiness 3
User Experience 5

  How We Rate Brokers: Ratings are based on user feedback, expert analysis, and factual data regarding services offered.

  

Broker Overview

  CMS Trader is a forex and CFD broker operated by Safe Side Trading Ltd., based in St. Vincent and the Grenadines. The broker claims to have offices in multiple countries, including the UK and Australia, but lacks regulation from major financial authorities like the FCA or ASIC. The trading platform provided is Sirix, which is not as widely recognized as MT4 or MT5, potentially limiting some advanced trading functionalities. CMS Trader offers a variety of assets for trading, including forex pairs, commodities, stocks, and cryptocurrencies.

  

Detailed Section

  

Regulatory Geographies

  CMS Trader operates primarily as an offshore entity, registered in St. Vincent and the Grenadines. This jurisdiction is known for its lenient regulatory requirements, raising concerns about the broker's trustworthiness. The FCA has issued warnings against CMS Trader, indicating that it is not regulated by any reputable authority, which poses risks for traders.

  

Deposit/Withdrawal Methods

  CMS Trader supports various payment methods, including wire transfers, credit/debit cards, and e-wallets like Neteller and Skrill. However, users have reported difficulties in withdrawing funds, with some claiming that their accounts were frozen or that they faced excessive withdrawal fees. This has led to a negative perception regarding the broker's reliability in handling deposits and withdrawals.

  

Minimum Deposit

  The minimum deposit required to open an account with CMS Trader is $500, which is relatively high compared to other brokers that may allow entry with $100 or less. This higher threshold could deter beginner traders who are looking to start small.

  

Bonuses/Promotions

  Information on bonuses and promotions is sparse in the available reviews, with many sources not mentioning any active promotions. This lack of transparency could indicate that CMS Trader does not prioritize attracting new clients through incentives.

  

Tradable Asset Classes

  CMS Trader provides access to a range of financial instruments, including forex, commodities, stocks, and cryptocurrencies. The leverage offered can go up to 1:400, allowing traders to amplify their positions. However, the risk associated with high leverage should not be underestimated, as it can lead to significant losses.

  

Costs (Spreads, Fees, Commissions)

  The broker offers fixed spreads, but specific details on the cost structure are not consistently reported across reviews. Some users have noted that the spreads are competitive, while others have raised concerns about hidden fees that may apply during trading.

  

Leverage

  CMS Trader offers leverage of up to 1:400, which is attractive for experienced traders looking to maximize their potential returns. However, high leverage can also amplify risks, making it crucial for traders to implement solid risk management strategies.

  

Allowed Trading Platforms

  The primary trading platform offered by CMS Trader is Sirix, which is less popular than MT4 or MT5. This could limit the trading experience for users who prefer the advanced features and customizability of these widely used platforms.

  

Restricted Regions

  CMS Trader does not provide clear information about restricted regions, but the lack of regulation suggests that it may not be suitable for traders in jurisdictions with strict trading laws. Potential clients should verify compliance with local regulations before opening an account.

  

Available Customer Support Languages

  Customer support is available in multiple languages, including English, Arabic, French, Italian, Russian, and Spanish. However, the quality of support has received criticism, with users reporting long wait times and unhelpful responses.

  

Rating Box (Repeated)

Category Rating (out of 10)
Account Conditions 5
Tools and Resources 6
Customer Service and Support 4
Trading Setup (Experience) 6
Trustworthiness 3
User Experience 5

  

Detailed Breakdown

  

Account Conditions

  CMS Trader offers various account types, including mini, silver, and gold accounts, with varying minimum deposit requirements. However, the lack of regulatory oversight raises questions about the safety of funds held with the broker.

  

Tools and Resources

  While CMS Trader provides some educational resources, such as tutorials and market analysis, the overall quality of these materials is perceived as lacking compared to more established brokers.

  

Customer Service and Support

  Customer service has been a significant point of concern, with numerous users reporting difficulties in reaching support and receiving satisfactory assistance. This has adversely affected the overall user experience.

  

Trading Setup (Experience)

  The trading experience on CMS Trader can be mixed, with some users appreciating the user-friendly interface of the Sirix platform, while others have encountered technical issues that hinder trading activities.

  

Trustworthiness

  The overall trustworthiness of CMS Trader is low, primarily due to its offshore registration and lack of regulation. The FCA's warnings and user complaints about fund withdrawals further contribute to this perception.

  

User Experience

  User experience varies widely, with some traders reporting successful trades and favorable conditions, while others express frustration over withdrawal issues and customer support challenges.

  In conclusion, while CMS Trader offers an array of trading options and features, potential users should exercise caution due to regulatory concerns and mixed user experiences. The insights gathered from this CMS review indicate a need for thorough consideration before engaging with this broker.