CMSTrader is an online trading broker that has achieved a global presence, offering multiple account options and competitive spreads in the markets. They provide traders with the opportunity to trade forex, metals, commodities, indices, stocks, and cryptocurrencies, through their innovative and user-friendly trading platforms.
CMSTrader Review, Pros & Cons
- The MetaTrader 5 trading platforms
- A range of useful trading tools
- A variety of trading instruments
- Numerous account funding options
- Unregulated broker
- Located offshore
- No USA clients
- Minimum $500 deposit
- No MetaTrader 4 trading platforms
In this detailed CMSTrader review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Founded in 2013, CMSTrader is a global online financial services provider that offers several trading products for online trading via the provided trading platforms. Traders are provided with a range of useful trading tools, educational resources, and a client support team. The broker has won several industry awards over the years, including best signals provider 2016 (Pipsofex), the Best broker for 2016 (FXStreet), and more.
There is no regulatory information on the broker’s website at the moment. Most experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.
CMSTrader allows traders from different parts of the globe to open a trading account with them provided that it would not contradict any local law or regulation.
Some CMSTrader features and products mentioned within this CMSTrader review may not be available to traders from certain countries because of legal restrictions.
CMSTrader provides traders with the web and mobile versions of the sophisticated MetaTrader 5 trading platform. MT5 is a user-friendly platform that allows users to trade in real-time, monitor price quotes, copy trading signals through social trading, and so much more. The MT5 WebTrader runs directly on most modern web browsers such as Chrome, Safari, Firefox, and Edge, while the Mobile Trader is designed for Android and iOS devices and allows traders to stay informed of the status of their account at any time.
There is also the CMSTrader trading platform, which is a proprietary trading platform that is web-based and requires no downloads and installations.
CMSTrader Trading Tools
In addition to the tools built into the MT5 trading platform, traders also benefit from some standalone trading tools, such as Pips Calculator, Forex Signals, Social Trading, and more, which help to enhance their trading experience.
CMSTrader is dedicated to educating traders and informing them about the latest events in the market by providing them with a good selection of educational resources, such as trading blogs, trading courses, videos, articles, and newsletters.
CMSTrader offers the following financial instruments: forex, metals, commodities, indices, stocks, and cryptocurrencies.
CMSTrader Accounts & Fees
The broker offers a choice of 4 trading account options, namely: Mini, Silver, Gold, and Islamic accounts. They offer leverage of up to 1:200, while the least deposit required to begin trading is $500.
As broker fees can vary and change, there may be additional fees that are not listed in this CMSTrader review. It is imperative to ensure that you check and understand all of the latest information before you open a CMSTrader broker account for online trading.
The broker offers a knowledgeable client support team that can be contacted through telephone, email, Live Chat, online form, and social media.
CMSTrader Deposit & Withdrawal
CMSTrader accepts the following payment methods for account deposits and withdrawals:
- Bank Transfer
- Credit/Debit Cards (Visa and MasterCard)
- Electronic Payment Processors, including Neteller, Skrill, Klarna, and more.
CMSTrader Account Opening
Potential traders can create a live trading account by clicking on the ‘Open Account’ tab on the homepage and fill out the account application form and then hit the ‘Create My Account’ button.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
CMSTrader is a retail broker that is based in Saint Vincent and the Grenadines, offering various assets that are traded online via the MT5 and proprietary WebTrader platforms. Clients are provided with learning resources, trading tools, and a client support team.
Trading in forex and Contracts for Difference (CFDs) is highly speculative and involves a significant risk of loss. Such trading is not suitable for all investors so you must ensure that you fully understand the risks before trading. Please read the “Risk Disclosure Document” which gives you a fuller explanation of some of the risks involved. Trading Crypto Currencies involves significant risk, cryptocurrencies are extremely volatile assets and Spreads are changing according to the liquidity provider quotes and crypto exchanges.