I'm sending my application now. I always liked day trading small positions just to keep me in shape, this account will be so fun!
Will start trading it tomorow.
may i know under CMS representative u fill in whose name when applying the new account?
LOL! Very cool! stefant, how are you going to play with your new toy? Do you think you can get 30 full lot trades in before the end of the year?
That was on the 16th. So I received the acct in 3 business days, just like they said.
Anyway, I like this new toy account
Hope you'll turn it into a 4 digit acc by the end of this year
best of luck!
I'm not aiming at that, you know. Not putting too much heart into this account either. It's a small account at an offshore brokerage firm, unregistered with any authority. They can close @ anytime and leave.
Actually, I'd never open an account with *my* money at them. If it's their money, it's ok
. I hear you.. and was just pulling your leg
...but it would really be interesting to see someone go through 30 lots over time and try to withdraw the money.
P.S. 4 digits = $ 1000. With fiber going to 1.45 in the next 12 months, it's quite possible even with .1 lot
)
It's a small account at an offshore brokerage firm, unregistered with any authority. They can close @ anytime and leave.
Actually, I'd never open an account with *my* money at them. If it's their money, it's ok
Are you talking about cms? I hope not, it really pi$$es me off when people state "facts" in forums and do not do any investigation what so ever! If i read your statement wrong then I apologise. And no I do not work for cms, I recently opened a live account with them and spent many hours researching this company.
CMS Forex is a registered Futures Commission Merchant, a Forex Dealer Member of the NFA (National Futures Association) and is registered with the CFTC (Commodities Futures Trading Commission), an agency of the United States government.
I know they're respectable, big, bla-bla..Capital Market Services International – BM, Ltd. (CMS International) is a forex dealer serving the retail segment of the international Forex community. CMS International strives to meet and exceed customer needs through a staunch commitment to technological innovation, fair dealing practices, and excellent customer service.
CMS International is a wholly-owned subsidiary of Capital Market Services LLC (CMS LLC), a New York-based limited liability company. CMS LLC is a registered Futures Commission Merchant (FCM), a member of the National Futures Association (NFA) (Member ID# 0313199) and is regulated by the Commodity Futures Trading Commission (CFTC). As a subsidiary of CMS LLC, CMS International strictly adheres to and follows the rules and regulations of the NFA and CFTC.
About the small * stating the profit must be done before january 2008, i think your a mistaken the meaning of this sentence.
The profit of 500$ must be done before january 2008 to be eligible to a free 500$ account but there is nothing about making the 30 lot round turn before january 2008.
Once the 500$ account is created you have all the time you want (if cmsfx doesn"t go bankrupt of course) to make the 30 lots round turn.
Once 30 round-turn lots have been traded, the money can be withdrawn and/or transferred freely. In order to be eligible, you must open a new demo account with an initial balance of 10,000 USD* before August 31, 2007 (profit must be realized before January 1, 2008).
Man, I have nothing to do with CMS Forex
My Account is with *CMS International BM, Ltd.* which is not registered to anyone. Check this out:
See? You gotta read carefully. They don't say CMS Interational (the Bermuda one) is registered in anyway with any authority. They say it's owned by CMS LLC which is registered. But something doesn't seem right for me, really. If it was right they would just say they are registered with the NFA. Really, check this out.
