Background
CMS Forex was founded in 1999 by a group of forex professionals, software engineers, and traders. The present CEO of the company Vera Hawkin, is a Russian immigrant with a Master of Engineering degree in Elecronic Engineering, and a Master of Science degree in Applied Mathematics. She holds some patents in multiple nuclear reactor safety system designs.
CMS Forex was founded in 1999 by a group of forex professionals, software engineers, and traders. The present CEO of the company Vera Hawkin, is a Russian immigrant with a Master of Engineering degree in Elecronic Engineering, and a Master of Science degree in Applied Mathematics. She holds some patents in multiple nuclear reactor safety system designs.
The firm is headquartered in New York, with offices in Boston, London, Tokyo, Shanghai, Bermuda and St.Petersburg. CMSFX is a fully regulated company in accordance with the rules of the CFTC, and is a member of the NFA as well as the FSA in the U.K.
We here at ForexTraders refer our visitors to the U.K. platform because CMS Forex U.K. offers; a smaller minimum deposit requirement, gold and silver, permits hedging and greater leverage but keep in mind that the greater the leverage, the greater the risk.
Advantages of CMS Forex
CMS Forex is a straightforward, strong company which focuses more on service than marketing. The most salient advantages of trading with this brokerage the ability to trade micro lots with minimal risk, hedging is allowed in the U.K. version and the relatively low initial minimum deposit requirement at $200. The great customization options available also set the company apart from much of the competition in the business.
Trading Platform
CMS Forex provides its services through its own trademark VT Trader platform. The advantages of the platform include:
One-click trading directly from the forex charts
- High customizability, including the ability to create one's own auto-trading strategies.
- Wealth of technical tools with more than one hundred indicators available for analysis
- Risk management options including the Trade Guardian system, and trailing stops.
- Automated pattern recognition which scans the chart and draws patterns for the trader's use
- Automated trading choices through the Forex Autopilot system
- News flow through the acclaimed DowJones Newswire service
In order to avoid stability and connectivity issues, CMSForex maintains a large number of redundant connections, and a highly competent technical staff to deal with any arising issues rapidly.
Apart from the VT Trader 2.0 platform, CMS Forex provides the MetaTrader 4.0 forex trading software to retail clients, and the TradePort system to institutional traders.
Market access is available between 5:15 p.m. EST Sunday, and 4 p.m. EST Friday except on U.S. holidays. Spreads are as low as 1.4 pips for the most liquid pairs.
Deposits and Withdrawals
The minimum deposit amount at CMSFX is 200 currency units for both Euro and USD deposits, and 40 for Australia, Canada, New Zealand Dollars, and the Swiss Franc. These values are independent of exchange rates. Deposits by wire transfer, PayPal, BPS, and Online Check are accepted. With online credit card deposits, funds are credited to your account immediately. Check deposits take between eight and ten days before being available for trading, while all the other options are processed in 1-5 trading days.
You can withdraw your funds via check, BPS, or wire transfers after completing an online form. The process takes between 2-3 business days and the check option is available to residents of the U.S. or Canada only.
Account Types
CMSFX is one of the more flexible brokers in the forex business, providing three types of accounts in a single package. A Universal Account opened at CMS Forex facilitates trading in standard, mini, and even micro lots from the convenience of a single, combined interface. Upon meeting some basic qualification requirements, a trader is able to enter any combination of standard $10,000, mini $10,000, or micro $1,000 lot orders in accordance with his trading strategy. U.K. regulations permit forex hedging, and allow leverage at up to 400:1, so traders with a preference for hedging or higher leverage will enjoy this additional advantage of CMS Forex U.K.
CMS Forex has a separate package for institutional clients. Highly customizable special options are available to active self-traders, professional traders, and money managers. Managed account services are offered through partnerships with third parties.
Safety and Security
CMS Forex has been active in the brokerage industry for more than ten years, and it has a good reputation among traders and dealers alike. The broker is a member of the FSA and the NFA, and is subject to the rules and oversight of the Commodities and Futures Trading Commission (CFTC). CMSForex is committed to holding client funds at the most reputable and safest financial institutions of the nation. Although forex clients' funds do not benefit from FDIC guarantees, careful scrutiny of partner banks ensures that clients receive the greatest protection against any unexpected developments.
Customer Support
CMSFX Fundamental analysis is provided on a regular basis through the Forex Capsule system of the broker, with each week's events condensed and made available to clients in easily accessible archives. The company provides expert commentary and a video recap service on a daily basis, in addition to frequent technical updates and webinars.
CMS Forex' technical support and dealing desk are available 24 hours a day. Customer relations are handled by an multilingual staff, with account representatives fluent in English, Spanish, Russian, Arabic, Japanese, Mandarin and Cantonese interacting with clients in accordance with CMS Forex' strong work ethics.
Conclusion
CMS Forex is one of the hidden gems of the forex business. In spite of its somewhat low profile in the advertisement world, it has all the necessary qualifications of a potentially excellent forex broker. It is regulated, U.S. based, and has been in operation for more than ten years, all of which point to a company that has an intention to stay active and build a customer base through solid practices. Its trading platform boasts more than 100 indicators, more than even the best of some of the most popular technical software in today's forex world. Clients of the firm have access to excellent auto-trading tools, and risk management software. Since the company develops its own trading platform, problems that arise can be quickly addressed by the technical staff, without the need to resort to the help of third parties.
Excellent customer support services, backed by fundamental tools, and daily updates by market professionals make VT Trader one of the best brokers in the business today. The spread can be as low as 1,4 in the EURUSD. Coupled with the revolutionary universal account scheme, it is another reason to be enthusiastic about the broker.
In sum, VT Forex is an excellent firm with hardly any disadvantages. You may or may not choose them to be your broker, but you would definitely not regret giving them a try.
Apart from the VT Trader 2.0 platform, CMS Forex provides the MetaTrader 4.0 forex trading software to retail clients, and the TradePort system to institutional traders.
Market access is available between 5:15 p.m. EST Sunday, and 4 p.m. EST Friday except on U.S. holidays. Spreads are as low as 1.4 pips for the most liquid pairs.
Deposits and Withdrawals
The minimum deposit amount at CMSFX is 200 currency units for both Euro and USD deposits, and 40 for Australia, Canada, New Zealand Dollars, and the Swiss Franc. These values are independent of exchange rates. Deposits by wire transfer, PayPal, BPS, and Online Check are accepted. With online credit card deposits, funds are credited to your account immediately. Check deposits take between eight and ten days before being available for trading, while all the other options are processed in 1-5 trading days.
You can withdraw your funds via check, BPS, or wire transfers after completing an online form. The process takes between 2-3 business days and the check option is available to residents of the U.S. or Canada only.
Account Types
CMSFX is one of the more flexible brokers in the forex business, providing three types of accounts in a single package. A Universal Account opened at CMS Forex facilitates trading in standard, mini, and even micro lots from the convenience of a single, combined interface. Upon meeting some basic qualification requirements, a trader is able to enter any combination of standard $10,000, mini $10,000, or micro $1,000 lot orders in accordance with his trading strategy. U.K. regulations permit forex hedging, and allow leverage at up to 400:1, so traders with a preference for hedging or higher leverage will enjoy this additional advantage of CMS Forex U.K.
CMS Forex has a separate package for institutional clients. Highly customizable special options are available to active self-traders, professional traders, and money managers. Managed account services are offered through partnerships with third parties.
Safety and Security
CMS Forex has been active in the brokerage industry for more than ten years, and it has a good reputation among traders and dealers alike. The broker is a member of the FSA and the NFA, and is subject to the rules and oversight of the Commodities and Futures Trading Commission (CFTC). CMSForex is committed to holding client funds at the most reputable and safest financial institutions of the nation. Although forex clients' funds do not benefit from FDIC guarantees, careful scrutiny of partner banks ensures that clients receive the greatest protection against any unexpected developments.
Customer Support
CMSFX Fundamental analysis is provided on a regular basis through the Forex Capsule system of the broker, with each week's events condensed and made available to clients in easily accessible archives. The company provides expert commentary and a video recap service on a daily basis, in addition to frequent technical updates and webinars.
CMS Forex' technical support and dealing desk are available 24 hours a day. Customer relations are handled by an multilingual staff, with account representatives fluent in English, Spanish, Russian, Arabic, Japanese, Mandarin and Cantonese interacting with clients in accordance with CMS Forex' strong work ethics.
Conclusion
CMS Forex is one of the hidden gems of the forex business. In spite of its somewhat low profile in the advertisement world, it has all the necessary qualifications of a potentially excellent forex broker. It is regulated, U.S. based, and has been in operation for more than ten years, all of which point to a company that has an intention to stay active and build a customer base through solid practices. Its trading platform boasts more than 100 indicators, more than even the best of some of the most popular technical software in today's forex world. Clients of the firm have access to excellent auto-trading tools, and risk management software. Since the company develops its own trading platform, problems that arise can be quickly addressed by the technical staff, without the need to resort to the help of third parties.
Excellent customer support services, backed by fundamental tools, and daily updates by market professionals make VT Trader one of the best brokers in the business today. The spread can be as low as 1,4 in the EURUSD. Coupled with the revolutionary universal account scheme, it is another reason to be enthusiastic about the broker.
In sum, VT Forex is an excellent firm with hardly any disadvantages. You may or may not choose them to be your broker, but you would definitely not regret giving them a try.
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