CMS FX Forex Broker Review

Name of the Company Capital Market Services LLC
Established In 1999
Online since 1999
International Offices United States, United Kingdom, Bermuda, Russian federation
Payment Methods Credit cards, Debit cards and Wire transfer
Demo Account and Platforms VT Trader
Account currencies Canadian Dollar, Australian Dollar, Euro, Swiss Franc, Great Britain pound, New Zealand Dollar, Japanese Yen, USD.
Different Currency Pairs 50
Regulated or Registered By CFTC/NFA, FSA (U.K)
Are US Traders Allowed? Yes
Languages in which website is available English
Languages in which support is available English
Different Support Methods Phone, Email, Live Chat
Types of Account (micro standard executive islamic) Mini, Micro and Standard
Minimum Deposit in Accounts $250
Minimum position size 0.01 lot
Type of Spread Variable
Typical spread on EUR/USD, pips 2.1
Minimum spread on EUR/USD, pips 0.9
Types of Trading instruments (GOLD; CFD, etc. and the leverage) Maximum leverage is 1:50 for US and Japan, Gold, Silver
Real Trading platforms Meta Trader 4
Digits after the dot in quotes 5
Any Bonus offers Yes
Any Trading contests Yes
Is Free education Available Yes
Is Trading by telephone Allowed Yes
Do they have Managed accounts Yes
Do they have Trailing stop Yes
Do they have Pending orders Yes
Is One-click trading option Available Yes
Mobile trading Allowed Yes
Automated trading Present Yes

cmsforexCapital Market Services, LLC or CMS FX as it is commonly known in the market is well regulated company which was established in the year 1999. They started their internet based online trading service the very same year. They started the company as a humble operation and reached the heights of success in very short span of time due to the efforts of its team members. It is one of the most known and reliable at the same time reputed company in the world. They have their main office in New York and have branches all over the world. Having office in the same country makes it easy to approach them. However, the other easy and more convenient ways of reaching them is via toll free numbers, email, live chat and directly contacting their dealing desks. Their customer support service is excellent but is available only in English. The company is regulated by the regulating authority of USA that is CFTC and NFA and by FSA of U.K. Along with USD they allow about 7 different currencies in your account. They allow traders from US to trade from their account. The payments can be made using credit cards, wire transfers and debit cards. The same methods can be used for withdrawing the funds.

The different types of trading accounts offered by the company are mini, micro and standard accounts. The minimum deposit required to open an account with them is $250 and the minimum trade size is 0.01 lots. The spread on the trade is variable and the minimum spread on EUR/USD is 0.9 pips. The trading platform is Meta Trader 4 which is the most trusted trading platform in the market and helps in successful trading. They also have the facility of putting the order using telephone. Mobile trading facility is also available.

Reading reviews about CMS FX will let you know that it is trusted by many traders all over the world and has many happy and satisfied customers. The company is regulated by CFTC, NFA and FSA and is liked by many traders as it increases their reliability quotient. Their trading platform is VT-Trader along with Meta Trader 4 and is liked by many traders as it is very easy to understand and operate. They offer various charts and analysis which helps the trader to make successful trades and is liked by many traders. Their customer support service is excellent and very responsive but the drawback is that it is available only in English and is a concern for all who do not know English. There are no hidden charges with CMS FX as is the case with most of the brokers in the market. They offer 50 currency pairs to trade in which includes all the major pairs. A few concerns are that they have very limited payment options and that they have variable spreads. The average rating given by the users to the company is 5.1 out of 10 which are pretty good score.

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