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CMS forex

  • #1
  • First Post: May 8, 2007 2:58pm May 8, 2007 2:58pm
Anyone out there use CMS as a broker?
if so, whats yr opinion ?
thanks
T
  • #2
  • May 8, 2007 3:42pm May 8, 2007 3:42pm
I'm considering them, too...they're offering $100 to open an account if you have an existing account with another broker.

If you want quick opinions, scroll to the bottom of the thread here and see the related threads.
Is your SL my TP?
  • #3
  • May 8, 2007 3:44pm May 8, 2007 3:44pm
I have them, they are ok about 60% of the time, the problems I get alot is this, I enter a trade, and it just doesnt show up, but it actually went thru, because when i restart the trading programme, it shows up, buggy software I guess, overall I don't recomend them.
  • #4
  • May 8, 2007 8:29pm May 8, 2007 8:29pm
I've been very happy with them so far. They rebate me on wire transfers into my FX account and it shows up quickly. When entering a trade and the price moves up or down, it honors the price where you intended.

Good swap rates, and an interesting margin system.

Overall, satisfied.
  • #5
  • May 8, 2007 9:37pm May 8, 2007 9:37pm
Any idea how well funded they are? I won't put real money with a broker unless I feel secure with them.

Does anyone know how to find out their operating capital, earnings, etc?

Thanks.
  • #6
  • May 8, 2007 10:14pm May 8, 2007 10:14pm
Quoting mister_doodi
I've been very happy with them so far. They rebate me on wire transfers into my FX account and it shows up quickly. When entering a trade and the price moves up or down, it honors the price where you intended.

Good swap rates, and an interesting margin system.

Overall, satisfied.
4 posts hmmm,

if price moves up or down with me and my two friends who still have accounts, it does not honor us.

Try them out first witih a few hundred dollars, to get a feel for there live trading during ny session and london session, if your happy after that, then go for it.

Regards westie
  • #7
  • May 9, 2007 12:13am May 9, 2007 12:13am
I closed my live account with them years ago, still I am satisfied with that decision now.

Frankly to say, for newbies and tiny amount account traders, still CMS is a choice for learning the crude facts out there in forex trading. For serious and successful traders survived, they are definitely not a candidate to ever think about.

Good luck.
凹凸 only
  • #8
  • May 9, 2007 1:25am May 9, 2007 1:25am
DUDE..... their spreads SUCK.....
Same Whore .... Different Dress
  • #9
  • May 9, 2007 11:34am May 9, 2007 11:34am
Quoting Westie
4 posts hmmm,

if price moves up or down with me and my two friends who still have accounts, it does not honor us.

Try them out first witih a few hundred dollars, to get a feel for there live trading during ny session and london session, if your happy after that, then go for it.

Regards westie
I have about 10k in there and I give them alot of business so they must like me or something. I also hold on to my trades for months. I went with them because of this article.

http://www.inc.com/app/inc500/viewCo...?cmpId=2006076

According to their website:
CMS Forex ranked 76th on Inc. Magazine’s prestigious Inc. 500 list for 2006, making it the 7th fastest growing financial services company on the list and the fastest growing retail currency trading firm. CMS Forex met the magazines stringent criterion through the presentation of audited financial data and interviews with company management. CMS Forex achieved a 983% growth rate over the three years used for the ranking.



I don't know much about Inc 500 ranking but it makes me feel a little safer with them then most of other retail fx brokers.
  • #10
  • May 9, 2007 3:59pm May 9, 2007 3:59pm
Quoting Samuri
I closed my live account with them years ago, still I am satisfied with that decision now.

Frankly to say, for newbies and tiny amount account traders, still CMS is a choice for learning the crude facts out there in forex trading. For serious and successful traders survived, they are definitely not a candidate to ever think about.

Good luck.
who do you use
  • #11
  • May 11, 2007 4:29am May 11, 2007 4:29am
The only good thing i can say about CMS is that their platform, in my opinion, is the best out there. But the sad fact is, after trading successfully on their demo account for a few months, the Live account is a different thing alltogether! They trade against you, manipulate charts, stop you out EXCACTLY where you put your Stop Loss etc etc...They ALWAYS requote you during news releases... So I am no longer using them, except for their trading platform
  • #12
  • May 11, 2007 5:39am May 11, 2007 5:39am
cms is a reliable broker, Vt trader has very good charts, I use them for manual and mid term operativity, while I use metatrader for automatic trading. The spread is a bit high, they give some problems on news release, but I don't trade the news with them.
hope this helps
  • #13
  • May 11, 2007 6:14am May 11, 2007 6:14am
Quoting sybarite
The only good thing i can say about CMS is that their platform, in my opinion, is the best out there. But the sad fact is, after trading successfully on their demo account for a few months, the Live account is a different thing alltogether! They trade against you, manipulate charts, stop you out EXCACTLY where you put your Stop Loss etc etc...They ALWAYS requote you during news releases... So I am no longer using them, except for their trading platform
I used their demo when I first started out, never been live with them, and loved it.
It took me a while to convert to Metatrader, but use that now with InterbankFX.
Unless you consider going live with them, I'd forget it as you'll have to re-learn another platform when you move.
  • #14
  • May 15, 2007 6:48pm May 15, 2007 6:48pm
Quoting sybarite
The only good thing i can say about CMS is that their platform, in my opinion, is the best out there. But the sad fact is, after trading successfully on their demo account for a few months, the Live account is a different thing alltogether! They trade against you, manipulate charts, stop you out EXCACTLY where you put your Stop Loss etc etc...They ALWAYS requote you during news releases... So I am no longer using them, except for their trading platform
I received an email from CMS soliciting me to open a live account. I emailed the rep. the above quote and replied that it because of frequent complaints like that I read in the forums that I will never sign up with CMS. To follow is the reply I received from CMS:

"Thank you Mike for your email. I understand your concern completely. Those people you see on forum tried to scalp the market, you know what is scalping right? Obviously CMS did not let them do it and those people are frustrated. I don’t know any FOREX registered broker can allow scalpers to trade this fast-moving market.
Its up to your judgment. I would suggest you, to open live account with minimum $200, not trade this money at all, just to see how VT trader works and then you can get to conclusion.
Please let me know any questions you have"

Therefore, CMS is admitting to the above tactics claimed by sybarite! Comments anyone?
  • #15
  • May 15, 2007 7:12pm May 15, 2007 7:12pm
Good charting on VT. Much more intuitive and user friendly than MT.

Can hedge, but CMS does not offer micro lots.

Mixed bag. Disneyland of Charting and two forums of support. Including Bemac.

Great fib tool.

What I do: Use for charting and some trading. But Oanda is my main broker.

Lou
  • #16
  • May 16, 2007 1:09pm May 16, 2007 1:09pm
Quoting Westie
4 posts hmmm,

if price moves up or down with me and my two friends who still have accounts, it does not honor us.

Try them out first witih a few hundred dollars, to get a feel for there live trading during ny session and london session, if your happy after that, then go for it.

Regards westie
I will vouch that Mister Doodi isn't a nefarious character.
I have no problems with CMS. Everyone has different trading styles and maybe someone will see something that someone else hasn't, but so far I haven't seen anything out of the ordinary on a live account.
I love the charts too.
  • #17
  • May 16, 2007 7:24pm May 16, 2007 7:24pm
Quoting Lou
Good charting on VT. Much more intuitive and user friendly than MT.

Can hedge, but CMS does not offer micro lots.

Mixed bag. Disneyland of Charting and two forums of support. Including Bemac.

Great fib tool.

What I do: Use for charting and some trading. But Oanda is my main broker.

Lou
Lou,

what indicator u use to draw fib on VT Trader?
  • #18
  • Feb 10, 2009 4:06pm Feb 10, 2009 4:06pm
is there any improvements on this broker/platform?

I beginning to like this platform. Just to make sure if they still have the mentioned issues.

thanks.
  • #19
  • Feb 10, 2009 5:53pm Feb 10, 2009 5:53pm
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
be carefull guys. chart looks great, BUT everything else with this broker was a nightmare (was 3 years with them !)
  • #20
  • Feb 10, 2009 7:12pm Feb 10, 2009 7:12pm
Quoting onu
be carefull guys. chart looks great, BUT everything else with this broker was a nightmare (was 3 years with them !)
Thanks for your input.

Anyone with a more recent story?
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