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CMS Forex — Forex Broker

CMS Forex:

Company: Capital Market Services, LLC
On-line since: 1999
Country of origin: USA
Regulation: Registered Futures Commission Merchant (FCM) and a Forex Dealer Member (FDM) of the National Futures Association (NFA) (Member ID: 0313199), registered with the Commodity Futures Trading Commission (CFTC) of U.S. and the Financial Services Agency (FSA) of Japan.
Payment options: Bank wire, BPS, credit cards, PayPal, on-line check and paper checks
Minimum account size: $200
Minimum lot size: 0.1 lot
Leverage: from 1:40 to 1:400
Spreads: 3 pips on EUR/USD
Rating:
3.6/10 with 75 votes

Rate broker — CMS Forex:
Categories: PayPal Forex brokers
Institutional Forex brokers
Opinions: See CMS Forex reviews.

Advantages:

  • Multi-currency accounts

Disadvantages:

  • No MetaTrader4 software support

Click here to open an account with CMS Forex


Reviews:

8 reviews of CMS Forex are presented here. All reviews represent only their author's opinion which is not necessarily based on the real facts.


themis from yes06/22/2010

They are very bad!

Impossible to work in \\\\\\\"hot hours\\\\\\\", Very, very bad order execution.

Very bad service!


M.R. from United Kingdom05/21/2009

They are good!

The thing I was talking about in my previous post here is gone now! ("Impossible to work in "hot hours"). Very, very fast order execution at any time.

I've been trading with them for more than 8 months now, and the service is only getting better, the 2.0 version of their trading platform is much more convenient than any other of the ~20 trading platforms I've tried. Their free Trading Power Course is amazing, too.

They have also lowered their leverage to 1:100, which definitely says they are not 'just another forex broker'. Very good service!


Nore from UK05/19/2009

I trade with them regularly - good service, seems like no stop-loss collection. Mickey, I don't clearly understand the sentence "Anytime a protection is remove, they jump against you!". If you mean when you remove stops, then it's most probably market jumping against you. I always put stops/limits and never have any problems. I had a couple of cases when the price was 1-2 pips from my stop-loss level, and returned back (if they were collecting stops, they would definitely use the chance, but they did not).


mickey from USA04/30/2009

Stay Away! You will lose all your money! Always manipulating their platform against you. Anytime a protection is remove, they jump against you! Keep your money, save your frustration... don't trade with them!


magdy saad from Egypt04/26/2009

I joined that company few months ago , their customer service is good , but their trading system VT Trader connection drop every 3 minutes , They recently published MetaTrader4 but its used margin is high in compared with other company , so they need developing their system .


M.R. from UK10/20/2008

+ An exceptionally good trading platform - VT Trader.

+ Support team responds quickly.

+ Chart trading.

+ No "hidden" payments - everything is very clear.

- Impossible to work in "hot hours" (I think there is nothing horrible though - lots of people work with them, it's just that sometimes Buy/Sell order take >15 seconds to be executed. I would say they need more servers).


Nik from UK10/20/2008

I have never seen such a horrible service! Sorry, guys, but when you say you will update my account balance - you should probably do that (it's now >8 days since you promised), and when you say you will resolve a small server problem in 2 hours - it should not take 3 days (promised twice, but the issue is still unsolved). The worst service I've ever seen, sorry... I'll have to find something else now.


NK. from none10/20/2008

It is horrible... Sell/Buy order take ages to execute... I am more than dissatisfied with their service...



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