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CMSTrader -

Score

1.54 /10
Danger

CMSTrader

United Kingdom

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.cmstrader.com/#

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Comparison

Quantity 1

Exposure

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Website

Score

Regulatory Index0.00

Business Index7.23

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

CH FINMA
2021-01-28
Warning List - CMS Trader
CMSTrader

Warning

SG MAS
2017-05-11
Investor Alert List
CMSTrader

Broker Information

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Company Name

Safe Side Trading LTD

Company Abbreviation

CMSTrader

Platform registered country and region

United Kingdom

Company website

X

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Exposure

1 pieces of exposure in total
Pyramid scheme complaint
Expose
CMSTrader · Company summary
CMSTraderBasic Information
Founded in5-10 years
Registered inUnited Kingdom
RegulationNot Regulated
Tradable AssetsBinary options,forex,spreads
Account Typeslive,demo
Minimum Deposit$1300
Payment MethodsCASH, epay, euteller, przelewy24 ,skrill, giropay, klarna, neteller, visa, and MasterCard.
Customer SupportPhone: +44-2038687251Email: Support@cmstrader.com
Offical websiteInaccessible

Overview of CMSTrader

CMSTrader's biggest advantage is that it has many payment methods, including CASH, epay, euteller, przelewy24, skrill, giropay, klarna, neteller, visa, and MasterCard. Not regulated is its drawbacks. Customers should pay attention to trading.

Overview of CMSTrader

Pros and Cons

Pros Cons
Many payment methodsLack of Regulation
Unavailable Website
High minimum deposit

Is CMSTrader. Legit？

CMSTrader is owned and operated by TurnCommerce, Inc.DBA NameBright.com. We cannot find any information in the website of Financial Conduct Authority (FCA), and it is also not regulated by FSA and ASIC.

Is CMSTrader. Legit?
Is CMSTrader. Legit?

Account Types

CMSTrader offers two account types: live,demo. It is very fast to register an account. We can register a demo account to exercise our trading consensus. When we have experience, we can register a live account to operate.

Customer Service

Clients can contact this broker through the following contact:

Phone: +44-2038687251

Email: Support@cmstrader.com

Contact Options Details
Phone+44-2038687251
EmailSupport@cmstrader.com
Support Ticket System❌
Online Chat❌
Social Media❌
Supported LanguageRussian
Website LanguageRussian
Physical Address❌
Customer Service

The Bottom Line

Not regulated is CMSTrader's biggest disadvantage which will result in many potential risks for customers. However, different payment methods is CMSTrader's biggest advantage that attract many customers. This broker is suitable for clients who can take risks.

FAQs

  1. Is CMSTrader safe？

No, it is not safe. CMSTrader is unregulated, and the information is not transparent in this website.

  1. Is CMSTrader good for beginners？

No, it is not good for beginners because it is not regulated and its minimum deposit is higher than other brokers, so beginners should assess their risk tolerance.

  1. Is CMSTrader good for day trading？

It is not sure. Because CMSTrader's website is inaccessible, we can not know the day trading details.

User Reviews

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User comment

4

Comments

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FX1225355498
more than one year
Trading costs are too high, and Mini accounts require at least $500. The spread of the EURUSD currency pair is as high as 3 pips, while the average spread in the industry is only about 1.5 pips.
Trading costs are too high, and Mini accounts require at least $500. The spread of the EURUSD currency pair is as high as 3 pips, while the average spread in the industry is only about 1.5 pips.
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2023-02-20 14:03
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FX1100093040
more than one year
No tengo ni una brizna de ganas de operar con CMSTRADER... No ofrece la plataforma MT4, requiere un umbral demasiado alto de depósito mínimo, cobra spreads altos y no tiene NINGUNA regulación.... Todo lo contrario de un broker atrctivo!
No tengo ni una brizna de ganas de operar con CMSTRADER... No ofrece la plataforma MT4, requiere un umbral demasiado alto de depósito mínimo, cobra spreads altos y no tiene NINGUNA regulación.... Todo lo contrario de un broker atrctivo!
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2022-12-06 10:29
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