CMSFX Giving Away $500 Live Accounts

Unfortunately, I have changed my opinion of them completely.

When I first got my free $500 account, I thought they were great. Then, things started happening.

I would be watching a 1 hour chart and a new candle would start at an odd time, such as 7:20. Then, a few minutes later, another candle would start and the odd candle would disappear.

Each time those candles changed the time zone would change, too. They'd start off at my time zone (Eastern), then they'd be one hour ahead, then two hours ahead, etc.

Almost every morning at 8:00am Eastern a new candle would appear and the time would change to one hour ahead of my time zone.

Of course, this makes it very difficult to trade properly, as these ghost candles would change direction just enough to stop me out, then the new odd candle would change back again.

As a result, I've lost most of that $500 and don't have enough left to trade anything.

I'd never put any of my own money into this broker, since they're completely unreliable.

Unfortunately, this puts them in the scam category in my books, and I'll never deal with them again.

Terry

I wrote the same yesterday in other post, I think the platform can be good for a long term trader, placing trades with a lot of analisis and with a stop included in the order, and without the need of enter and exit quickly.

If that's not the case, I agree their platform is completely useless, the customer service is slow as turtle, the system disconects every 30-60 minutes, the "one click execution" should be named "one hour execution", I have waited more than a minute for a trade to appear after I clicked the price, lots of requotes, etc.

I think they really should come up with some improvements, I don't see the deal in giving away hundreds of real accounts for free, just to have hundreds of unsatisfied customers badmouthing their service .

Anyway, in Mexico there are some popular words that say "A caballo regalado no se le mira el diente" in english is something like "If someone give you a horse don't look if it has ugly theet... ", so, I'm looking for a 4 hour or daily strategy to use the account, but of course, I wouldn't put a single buck of my wallet with them.

Horrible delay in quotes,
Horrible Requotes,
Horrible situation when you can't hedge pos if going wrong.
Horrible situation when not able to close loosing pos.
Horrible situation when not able to exit on profitable pos.
horrible situation when platform disconnected when market is about to move.
Horrible situation when your buy sell button is frezz when you are about to take pos.

Give away with this horrible fact
feeling very bad to express this negative fact. but can't hold.
Problem is not with CMSFXInternational but main broker CMSFX
Many other good things with this broker...but with above probem..BAD BAD BAD

Yes you all are right.
But what I do with that first my account was hacked. Then i got from 500 up to 3400 and then they always disconnected and I could not connect there to close loosing trades.
They service is shit. I was claiming from them what a fcuker was trading on my account they answered only SOME AFRICAN IP. What is that??? I asked WHY your service is totally unprotected, they never reply on this. Now i have 200 dolars left

They will not do such a low profile crime of hacking account or doing some wrong with account. thay only do profestional crime of Price related problems. they also do not hunt stops. only shit they do is only Quote problem and platform problem so that traders will not able to exit easily. may be this problem may be real and may be due to there server problem...but we are geting suffer..some times everything works fine. and sometimes everything goes wrong, my experiance about there service is good. we can trust them regarding safty of fund and other things..but trading..thay are currently acting shit...hope we can see better execution

To everyone who participated in this promotion:

As an experiment, I joined in this promotion right before they ended it and took advantage of the free $500.00. I wanted to see what I could do with it.

To be frank with all, yes CMS was a little slow in opening the account... but I took that for granted since they were just throwing money to you so they could afford to take their time. However, I got my account on Sept. 17 and started trading. I've used VTTrader before and find it to be a very good trading platform. It has all the bells and whistles that most traders could ask for.

I have noticed that the quotes coming in on their platform are slow compared to my other broker, but it usually isn't a big deal because of the way I trade. Typically I use limit orders for most of my trades on this site, so that eliminates any worries about getting in at a certain price. However, I admit if you are trying to get into a position (or out) in a hurry, they will requote you because the price you see on the screen is not what is really going on, so you get requoted. Personally, my concept is if you tell them to get rid of a position at market price, then they should liquidate it regardless and forget the requoting... However, it is also protection for you too that you don't buy/sell something at a price you don't want. So again, easy solution is just use limit orders.

I can't say that I've ever seen the problem with the charts changing time zones or bogus candles etc. etc. I watch their prices often at the same time as I do with my other broker and have never seen any significant discrepancy between the 2.

As to withdrawing any money, I've yet to attempt to do so because I have not made it to the 30 lots yet. Yes, my account is up and I have been doing well with it. I've traded a total of 14 standard lots now using mini-lot positions. Started out with only 1 mini lot trades.. and have graduated to using 3 mini-lots by now and a lot of cautious hedging principles. This kind of account with the lot size restrictions almost requires you to use some kind of hedging because even with 1 mini-lot, starting with only $500 will get you killed if you keep taking 50 point stop losses.

My advice to those using this broker and this promotion, is don't try to quick trade the account. You will need to take your time and hedge appropriately as needed. Use limit orders and monitor the price action with another broker in addition to them. With those few principles in mind, yes you can be successful with the account. I know because it is working for me. Starting balance Sept 17. was of course $500... Balance today, $2632.

Good luck all and be patient.

GirlFlyer

Yikes! Over 400% in two months?!? Trading dollar pips!?!

GF, you rock!! Do you have a thread in the "Systems" forum?

Basically i started trading with them and made 3200 within a month.
Then I was in 2 trades account was about 4900 and terminal freezed.
I was shocked then waited then waited damm again and could not login in after i opened mt4 I seen that trades reversing and going against me very fast and only after 25 minutes I abled to login there and margin call.
This is not the way working with such disconnections and also when in first steps someone trading my account I was really surprised

No I don't keep a thread currently... I used to have one for my EA that I have available on this site... search for "Flyer!" version 2.00.

My system is I use personally is just following the trends... simple as that.

GF

Hey GF, you dont really need to trade 30 lots, that applies only to the $500 they deposited in your account, anything over $500 in your accoutn is withdrawable("Withdrawable??? Is that a real word?!)

BTW. my trading life's first margin call was with CMSFX, my own mistakes, no fualt of CMSFX lol

That's right, shiva. I forgot about that. GF, you should attempt a small test withdrawal, just for grins. Keep us posted!

It is now.

Is this true??
so if I have 500 account with them I made today 1200 i can withdraw money but not those 500????

Yep, you can withdraw the profits freely at any time; but the $500 bonus only until you traded 30 full lots or 300 minilots.

Okey thanks
I am still waiting my 250 left money they said they withdrawed them already 4 days passed nothing in my bank
I hope they check bank account when I was claiming 500 I was filling form with bank details and when withdrawal claiming you also write details of bank account I hope they check it because I was a bit drunk when I was withdrawing those money

oh no, i ost this promotion!!!

i know other 2 brokers that gives money but is small amount. $25 and $5. And that that gives 25 offer santadrt account, so you broke almost instantaly.

if anyone know any broker that gives more plese tell me in pvt.

and if anyone wants to know what are the two brokers send me a pvt because i allready have a infraion for send a link of a broke (and i was not advertising, was about a broker that have indexes in metatrader).

what brokers gives this 25 bucks
for 5 dollars is marketiva
but what other?

Almost over a month now..
i still haven't heard anything from cmsfx.

FXOpen is (or was) giving $25 to open a real account, you needed to write 100 posts regarding forex in their forum to obtain it, however, I've read in lots of places it's a scam, and the webpage at this moment is not working...
(Imagine the quality of their forum, tons of newbies writing the first thing coming to their mind just to reach quickly the 100 posts )


Be patient, it took month and a half for me to receive it, they take their time, menwhile it's a nice time to practice.

Eventually I'll look at a withdrawal... as this is an experimental account, I'm just seeing how far I can take it in a 6 month period... by then I should easily have made the 30 lot trip and a nice profit. Perhaps I'll open up another thread somewhere logging a few entries...

GL all.

GF

unfortunately we can't do a withdraw anytime soon before 30 lots

-------------------

Thank you for your email.

The promotion terms and conditions allow you to make withdrawals as soon as you traded 30 round turn lots. Before reaching the 30 lots you cannot make withdrawals.

Please let us know if you have any further questions.

Best Regards,

CMS International Customer Service Team





Tel. 441-296-3663


Fax 441-296-3664


Email: [email protected]



CMS International - BM, Ltd.

Mercury House
4th Floor, 101 Front Street ,
Hamilton , Bermuda
HM 12