In this section We will analyze the broker CMS Trader (owned by Safe Side Trading Limited). Is CMS Trader really reliable for one to invest with their money?
CMS Trader is a Forex and CFD broker based and central offices (also called headquarters) in Singapore, although it also has offices in England, Spain and Australia.
This broker “opened its doors in 2013. The broker is located regulated by the VFSC (Vanuatu regulatory body) and by the SVGFSA (regulator of Saint Vincent and the Grenadines).
Now we will analyze the different types of account provided by the broker. In this case we do not find 3 different types of account.
The first type of account is the Mini accountSome of the features are: $ 500 minimum initial deposit, up to 1: 200 leverage, instant trading desk, daily signal service, fixed spread and 0.10 minimum trade volume.
This is followed by Silver accountSome of the features are: minimum initial deposit of $ 10.000, leverage of up to 1: 400, video tutorials, daily signal service, fixed spread and minimum trade volume of 0.10.
The last type of account is the Gold accountSome of the features are: minimum initial deposit of $ 50.000, leverage of up to 1: 400, video tutorials, daily signal service, fixed or variable spread and minimum trade volume of 0.10.
Below we leave more information about the types of account in case you want to go into more detail:
It should be noted that the platforms offered by the broker are, in this case Sirix and webtrader, and not the usual MetaTrader 4. Now, yes, we will analyze the broker's website in search of different resources and aids for the trader.
Some of the resources provided by the broker are: explanation of different trading concepts, ebook, video tutorials, seminars, a blog (although it is in English), news from the financial world, tools such as a pip calculator, also a glossary (although found in English), economic calendar, among other resources. It should be noted that in this aspect the broker is very complete.
The FCA (UK financial regulator) has issued a warning against CMS Trader, you can read it here> https://www.fca.org.uk/news/warnings/cms-trader.
Other information about CMS Trader
We will leave you some more information in case you want to contact the broker, or see their website for yourself.
Phone number: + 44-2038687252, + 61-283173658, + 46-842002857 or + 34-910479735
Email: [email protected]
Ending with this section, in our opinion
the CMS Trader broker is reliable, but you have to take it with care, because we have read different comments and opinions on the internet where they mention having had problems with capital withdrawal.
October, 2017 update: Due to numerous comments received from CMS Trader clients, we believe that CMS Trader is not trustworthy.
November, 2017 update: We recently noticed that the FCA (UK regulator) has issued a warning against CMS Trader.
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