CMS Trader is a global financial services provider that operates from Saint Vincent and the Grenadines. The broker provides an innovative trading platform for trading multiple financial instruments across different asset classes, including forex, metals, commodities, indices, stocks, and cryptocurrencies. They offer some favorable trading conditions, such as multiple account options, competitive spreads, and a client support team. There is also a selection of trading and learning tools available to traders.
In honor of their reputable brokerage services, the broker has won several industry awards over the years, including the Best Signals Provider 2016 (Pipsofex), the Best Broker for 2016 (FXStreet), and more.
CMS Trader Review Introduction
In this CMS Trader review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including CMS Trader.
CMS Trader Platforms & Tools
The broker provides traders with the MetaTrader 5 trading platform, an advanced trading platform that was developed in 2010 to succeed the popular MetaTrader 4 trading platform. It is a user-friendly platform that allows users to trade in real-time, monitor price quotes, copy trading signals through social trading, and more. The broker presents the MetaTrader 5 trading platform in the web and mobile versions.
CMS Trader also has an in-house-developed trading platform that is used for trading multiple instruments. The platform is web-based; hence, it can run directly on modern web browsers, including Chrome, Safari, Firefox, and Edge. It eliminates the need to download or install any additional software.
In addition to those built into the provided trading platforms, the broker provides traders with a selection of standalone trading tools. They include Pips Calculator, Forex Signals, Social Trading, and more.
CMS Trader Research & Education
The broker’s website is packed with a selection of educational materials that are aimed at improving clients’ trading prowess. These include trading blogs, trading courses, videos, articles, and newsletters.
CMS Trader Trading Accounts
CMS Trader offers a choice of different trading account options to meet the individual trading needs of clients. They include Mini, Silver, Gold, and Islamic Accounts. Each of the accounts offers a leverage of up to 1:200 whereas the least deposit amount to operate an account is $500.
CMS Trader Account Funding
The broker accepts the following payment methods for both account deposits and withdrawals:
- Bank Transfer
- Credit/Debit Cards (Visa and MasterCard)
- Electronic Payment Processors, including Neteller, Skrill, Klarna, and more.
CMS Trader Customer Service
Clients’ trading inquiries are sent to a responsive customer support team that can be reached via the following contact channels: telephone, email, Live Chat, online form, and social media.
CMS Trader Regulation
There is no regulatory information on the broker’s website at the moment. Lack of regulation could discourage some potential traders and potential from opening an account with them; this is because unregulated brokerage firms do not guarantee the safety of clients’ funds.
CMS Trader Review Summary
Overall, CMS Trader is an online forex and CFDs broker that provides clients with the MT5 platform and a proprietary WebTrader platform for trading several financial markets. The broker offers learning and trading tools and also provides a client support team to assist traders. There are multiple trading account options with a required minimum deposit of $500. However, the broker is unregulated which could be a warning sign to potential clients who are looking to open an account with them.
It is worth mentioning that some of the trading products and services in this CMS Trader review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the CMS Trader broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.