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CMS Screwed me

  • #21
  • Nov 6, 2008 9:49pm Nov 6, 2008 9:49pm
Another problem with price again today (Thursday) at 1935hrs est. CMS said they were having server problems.
GBPUSD jumped to 1.5690 while other live broker quotes stayed around 1.5600. CMS then kept their price 100 pips above the true price till the servers were fixed - about 25 minutes later.
I am waiting to hear from them regarding the trades they stopped me out of to see if they are going to say that this was a fault or a "true" price.
I have been with them for around 6 years and after all the crap with requotes and slippage this past month this will be the last straw. If they argue that it was a true price at 1.5690 I will be closing my account. They state that they will honor stops and limits up to 10 lots during normal market conditions - well that is just false advertising.
Will let you know the out come.
Attached Image (click to enlarge)
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  • #22
  • Nov 7, 2008 6:38am Nov 7, 2008 6:38am
Can other CMS live account holders please confirm the price for GBPUSD at 1935hrs est on Thursday Nov, 7th.
See chart in previous post.
Price jumped to 1.5690, while other live broker quotes stayed around 1.5600.
I have been told by dealing support that this was a legitimate price.
Thanks...LnE
  • #23
  • Nov 7, 2008 8:14am Nov 7, 2008 8:14am
Quoting lnefx
Can other CMS live account holders please confirm the price for GBPUSD at 1935hrs est on Thursday Nov, 7th.
See chart in previous post.
Price jumped to 1.5690, while other live broker quotes stayed around 1.5600.
I have been told by dealing support that this was a legitimate price.
Thanks...LnE
I show the same thing as you. But this time I think it was a ligit price.
I have a time gap on my 1 min chart, that also leads me to think they
are right, but they still suck.

AZ-Heat
I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
  • #24
  • Nov 7, 2008 8:29am Nov 7, 2008 8:29am
Anyone tried out CMSFX's Futures Trading?
  • #25
  • Nov 7, 2008 9:32am Nov 7, 2008 9:32am
Quoting Tjpld
Anyone tried out CMSFX's Futures Trading?
I'm demoing their futures platform right now. I have been trading on their Currenex platform for a month now, which is the best Currenex hub I have seen so far.
  • #26
  • Nov 7, 2008 9:36am Nov 7, 2008 9:36am
Quoting fxtrader42
I'm demoing their futures platform right now. I have been trading on their Currenex platform for a month now, which is the best Currenex hub I have seen so far.
Great let me hear how it goes. Do you use the QST or the Visions Platform?
  • #27
  • Nov 7, 2008 9:42am Nov 7, 2008 9:42am
Currenex is for FX Spot and not futures?

Their commissions on futures are way too expensive (3.99 per side without exchange fees). You can get deals without negotiation where you pay half of that and get a proper trading platform. As for futures platforms i would look for Ninjatrader if you are a small trader, or X-Trader if you can afford the platform lease.
  • #28
  • Nov 7, 2008 9:43am Nov 7, 2008 9:43am
Quoting fxtrader42
I'm demoing their futures platform right now. I have been trading on their Currenex platform for a month now, which is the best Currenex hub I have seen so far.

FX Trader,

I'm glad you are enjoying our Tradeport. We were brought on to develop the Institutional arm of Capital Market Services. Please don't hesitate to ask any other questions you may have.
  • #29
  • Nov 7, 2008 11:52am Nov 7, 2008 11:52am
Quoting shrike
Currenex is for FX Spot and not futures?

Their commissions on futures are way too expensive (3.99 per side without exchange fees). You can get deals without negotiation where you pay half of that and get a proper trading platform. As for futures platforms i would look for Ninjatrader if you are a small trader, or X-Trader if you can afford the platform lease.
Not sure about futures but you can trade, forwards and swaps on Currenex.

yes the fees are quite high on the futures side...
  • #30
  • Nov 14, 2008 7:38am Nov 14, 2008 7:38am
CMS IS A REQUOTING MOTHER F---ER
PIP WHORES!!!

20 pip gain became a 13 pip loss.
I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
  • #31
  • Nov 14, 2008 8:13am Nov 14, 2008 8:13am
Did you try to trade the news?
  • #32
  • Nov 14, 2008 10:43am Nov 14, 2008 10:43am
Quoting Tjpld
Did you try to trade the news?

No news, just normal trading. Its been going on for days.
I only get requotes when I try to close a trade. Not when I enter.
Its like they have a switch they flip to screw people who are
grabbing pips and making (was) money.

Anyone else have this problem?

AZ-Heat
I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
  • #33
  • Nov 14, 2008 10:51am Nov 14, 2008 10:51am
Quoting AZ-Heat
No news, just normal trading. Its been going on for days.
I only get requotes when I try to close a trade. Not when I enter.
Its like they have a switch they flip to screw people who are
grabbing pips and making (was) money.

Anyone else have this problem?

AZ-Heat

And the requote only shows after the price has move away from the
profit area (3 to 8 sec later)

But when it moves more in the money there is NEVER a requote.
What pip whores!!!!!!!
I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
  • #34
  • Nov 14, 2008 11:01am Nov 14, 2008 11:01am
Maybe you should try trading on higher timeframes. If your trades last 2-3 days and aim for 300 pips it's harder for brokers to take away your gains.
  • #35
  • Nov 14, 2008 11:06am Nov 14, 2008 11:06am
Quoting Tjpld
Maybe you should try trading on higher timeframes. If your trades last 2-3 days and aim for 300 pips it's harder for brokers to take away your gains.
It really should not mater what time frame if your an honest broker!
Long term or scalping, that just wrong, a scam!
I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
  • #36
  • Last Post: Nov 14, 2008 12:54pm Nov 14, 2008 12:54pm
So why are you still with them?
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