✔️ Information reviewed and updated in April 2024 by Pedro Martínez González
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.
FCA Warning
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.
Website: www.cmstrader.com/en/
Telephone: + 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.
What is your opinion? Have you traded with this broker? We invite you to collaborate with us and vote, you can also leave a comment on our website.
We leave a vote open so that traders and users can vote for the broker.
[democracy id = ”17 ″]
We are conducting a vote on which is the best broker - You can vote and see the results here
We have verified the eCMS addresses and they are only mailboxes, be careful with them the further away the better
Hi David, thank you very much for sharing this information with us, greetings.
For all those affected by cmstrader and of course David Sanchez, you can contact me via email to join our platform against CMS,[email protected]
Very strange they never write well about this broker or whatever and they just write badly, defenders come out hahaha and David David
Good afternoon, I unfortunately also fell with David Sanchez and he made me lose all my savings, he always asked me for more and more money and from one day to the next when I had no more, I lost everything
Hello Carmen, thank you very much for sharing your opinion with us, if possible, could you expand it in more detail? All the best
It is true that David Sanchez was also my manager and he made me lose everything, the same thing happened to my friend who worked with them, they stopped giving money to bring clients, he even had many problems because David Sanchez was married to the sister of the that deals with marketing as well as the affiliates and the story of horns on the platform, we pay all the clients, the truth is a scandal and a shame
Hello Carina, thank you very much for your comments, greetings.
This broker is a scam, David Sanchez is the worst of all, they will only ask for money and they will not be able to withdraw, be very careful they will lose everything
Hi Carlos, thank you very much for your comment, greetings.
I have been working with them for more than 1 year, I am super happy with them, I am making good money every month. I think that David Sanchez is a real stockbroker, who really works for the interest of his clients, that's why he makes him famous and that everyone wants to work with him. He himself was the one who sent me a Mastercard cmstrader prepaid card, where I receive my money in a matter of minutes or hours. Honestly, I don't know what nonsense they are writing, I already know David well and he's a trustworthy person, that's for sure. This is my personal opinion, cmstrader is a safe and trustworthy broker that helps its clients make money.
Hello Luisa, thank you very much for sharing your comments with us, greetings.
This that I have put down has told me to put the one who got me into cms trader, is outraged.
Good morning, my name is Txema and I am an affiliate partner of CMS trader, I am also an administrator of lotteries and state bets, a client has told me this and I want to write my conclusions to the attacks made on the broker company, everything is uncertain, apart from Being an affiliate I am a client and everything works perfectly well, no one is denied taking out their money, it would be good! I as an affiliate on the 15th of each month they liquidate the commissions since they have to calculate them and the operations of the analyst that takes my account could not be better.
Perhaps that is the reason for so much animosity, that they work well, that they exquisitely manage the company since 2013, I think the rest is unnecessary.
All the best
Hi Ruben, thank you very much for sharing your experience with CMS Trader with us, best regards.
Any commercial bank offers you its financial products not only once, but is always interested in having your money placed in their bank, on the other hand everyone, and I say all because I have been in several brokers they tell you every two by three that you keep putting While they make you money, it is part of your objectives while you fatten the profits of the clients.
These nefarious comments make no sense, I am in cms trader and they earn me money, when they tell me to deposit more, I tell them that now I do not have and period and they continue to win.
I get money when I want, but how can a company exist since 2013 and not pay anyone a penny ??? like ??, well, everyone who does what they want, I'm very happy with them.
Hi Ruben, thank you very much for your opinion, although it should be noted that we have found numerous comments from customers who mention that they have not been able to withdraw their money, greetings.