I had a couple of cases when the price was pips from my stop-loss level, and returned back if they were collecting stops, they would definitely use the chance, but they did not.
How Does CMSFX Approach Its Regulatory & Licensing Requirements?
Please let us know how you would like to proceed. Get in on the action of FX, the most traded market in the world, with a market leader. Sign up for a risk-free demo. Most Popular Forex Markets.
We understand what traders need and offer sophisticated trading tools, competitive spreads and exceptional execution quality on over 80 currency pairs. Typical Live Typical Live. Product Typical As Low As. Spreads will vary based on market conditions, including volatility, available liquidity, and other factors. MetaTrader spreads may vary. Typical Spreads may not be available for Managed Accounts and accounts referred by an Introducing Broker. Find opportunity in the most traded market in the world Trade when you want Trade when it's convenient for you, 24 hours a day, five days a week.
Improve your trading potential Currencies allow you to speculate on both rising and falling markets. Trade with confidence Trade on platforms designed to meet the demands of currency traders. All payment methods come with a standard transaction fee, which is to be borne by the trader. The absence of a CMSFX bonus may also come as a shock to new traders, particularly when there are tons of other regulated brokers in the market that offer attractive bonus packages.
One of the major drawbacks of the broker is a limited CMS Forex demo account, which is only available for 30 days. Most new traders require more time to get the hang of the markets, which necessitates the need for an unlimited demo account.
We are familiar with brokers offering a limited period demo account for their clients, but we prefer trading with brokers that provide unlimited demo accounts without any trading restrictions. CMSFX trading platforms were considered as some of the best trading interfaces in the market, but there were a lot of teething issues and reliability concerns that tarnished the reputation of CMS Forex trading apps forever.
Trading duties are assumed by the VT Trader and the MT4 trading terminal, which connect traders to more than 40 different currency pairs and allied commodities. Fundamentally, the CMSFX VT Trader is an excellent tool that offers access to the best charting indicators in the market, but the platform has had a tough time in keeping traders connected to the trading servers.
Frequent disconnections and errors in connectivity had led to an unsafe trading environment, which has resulted in massive losses for existing clients.
Since the broker was unable to rectify the issues on time, the CFTC deemed the company to have deviated from its regulatory code of conduct, which resulted in the disciplinary action and subsequent penalties. On the contrary, its parent company, Gain Capital, has other established Forex brokerage services that should provide you with an excellent Forex trading account without any of the associated drawbacks.
If you are not a trader from the US, you may also choose another broker that does not restrict your freedom of trading. Brokers from the UK, Australia, and other parts of the EU should be able to provide a high quality brokerage service. In short, you should consider your options carefully before choosing CMS Forex. Your email address will not be published. Experience with this broker Months. Was the information useful?