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Reviewed broker: CMS Trader

Operated by Pandorx Ventures Ltd.

Established in 2013

Location: Offices in the UK, Australia, Bahrain, Dominica and Singapore

Regulation: Pandorx Ventures Ltd. is registered in the UK, but is not regulated by the FCA

CMSTrader offers trading across forex, indices, commodities and cryptocurrencies

CMS Trader Facts – Is CMS Trader a Scam?

The red flag is the fact that this boker is not regulated, meaning that it is likely to be involved in fraud and scam.  In February 2016 the Ontario Securities Commission issued a warning against CMSTrader for doing business in Canada without proper authorization. On top of that, a small research over the internet shows way too many unhappy client reviews and accusation of CMSTrader being unreliable broker. 

CMSTrader Trading Accounts & Features

Account types: mini, silver, gold

Minimum trade size: 0.01

Maximum leverage: 1:200

Spreads: starting from 3 pips (too high)

Dealing desk execution: yes, for mini account (possible market maker?)

No dealing desk execution: yes, for silver and gold accounts

Fixed spreads: yes

Optional floating spreads: yes, for gold account

Risk management plan: yes

Personal account manager: yes

Islamic accounts (swap free): yes

ECN: no

Currency pairs: 120

CMSTrader Trading Platforms

Trading platform: Sirix (desktop, web, mobile)

MetaTrader 4: this brokerage does not support the MetaTrader 4 (MT4) platform – really unusual sight among online forex brokers today

Social trading features: yes

Fast execution: yes

CMSTrader Methods of Payment

Minimum deposit: $500 (very high requirement)

Payment methods: credit cards only, wire transfers are charged $20

Minimum withdrawal amount: $500 (very unusual requirement!)

How was the rating of CMSTrader performed compared to other brokers? 

This 2024 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on CMSTrader FX broker performance and features. 

Overall our online CMSTrader review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online CMSTrader or you find inaccurate details CMSTrader Capital broker review please get in touch with us and the changes will be applied. 

Regulation and Security
Platforms and Features
Deposit and Withdrawal
Educational Material
1.0 Overall Rating

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Regulation: Financial Conduct Authority (FCA)

Regulation: CySEC

Regulation: CySEC Cyprus, FSA St Vincent, FSCA Financial Sector Conduct Authority South Africa

Regulation: UK by the Financial Conduct Authority FCA , Australian Securities and Investments Commission ASIC, Cysec Cyprus, Financial Sector Conduct Authority South Africa FSCA

Regulation: Central Bank of Ireland, ASIC, FSCA, Japan, Abu Dhabi Global Markets (ADGM) Financial Regulatory Services Authority (FRSA) Cyprus Securities and Exchange Commission, Israel Securities Authority

© 2007 – 2024 Trading financial instruments carries high level of risk to your capital with the possibility of losing more than your initial investment. This site will not be held liable for any loss or damage in result from using the information within the site including forex Broker reviews 2024, market analysis, trading signals, learning resources and comparison tables. The data within this website is not necessarily real-time nor accurate and do not represent the recommendations of the employees. Currency trading is not suitable for all investors. Before deciding to trade currency or any other financial instrument please consider consider your investment objectives, level of experience, and risk appetite. While we do our best to provide up-to-date information, we strongly encourage you to verify it directly with the broker of your choice.