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VTTrader: Cms

  • #61
  • Jan 12, 2006 9:34pm Jan 12, 2006 9:34pm
1) Oanda - dropped couple of times, but it came back up immediately.

But, their charting software is very poor. Also, they margin is 20:1 (I think. That is what my demo account shows.

You can get maximum 50:1 with Oanda. I don't think they have a dealing desk either. I think overall they have the best rep and it's who I've decided to put my
hard earned cash with.
  • #62
  • Jan 17, 2006 1:58pm Jan 17, 2006 1:58pm
Quoting Aroon
This the reply I received today from CMS:

Message:

Unfortunately I am awaiting the validated rates to be updated to our systems before I can continue with the processing of your dealing claim. This should be done by market open on Sunday. I am sorry for the inconvenience.


Just some more days to wait, I suppose.....
Well, I more or less forced an answer out of them now.

Sorry for the delay, as our charts are missing the data for January 6, we have to wait for our programmers to update the chart with the misssing data so we may check when was your limit order would have activate at what time. Since it did execute at your limit order now (my limit order has already been filled, Aroon) but it had incurred interest for the time it remained open.

The interest charged was as follows:

01/06/2006 16:00:00 Rollover ---2403 -16,67 ?
01/09/2006 17:00:00 Rollover ---2403 -16,75 ?
01/10/2006 17:00:00 Rollover ---2403 -16,79 ?
01/11/2006 17:00:00 Rollover ---2403 -50,10 ?
01/12/2006 17:00:00 Rollover ---2403 -16,83 ?
01/13/2006 16:00:00 Rollover ---2403 -16,69 ?

Total = 133.83 EUR

Our investigation showed that this was a system error and your LIMIT order did not execute. If it would have been executed, it will not be charge interest for this position.

We would like to offer you a credit in the amount of 133.83 EUR for your account number cms-xxxxx for ticket number XXXXXXX.

If this amount is acceptable to you, please respond to this email by filling out the template below:

??By responding ?I accept? to this e-mail, I [name] accept the courtesy credit of $[amount]USD to my foreign currency trading account with Capital Market Services, LLC as full satisfaction of my dispute.??

We apologize for any inconveniences you might have experienced.


I did accept it, because I think it is only fair.
For me case closed, I stay with CMS, give them the benefit of the doubt, if you like, merely based on a satisfactory relationship during 8 months without any problems.
  • #63
  • Jan 17, 2006 2:30pm Jan 17, 2006 2:30pm
Here's a switch, CMS is Up but VT is Down.
Perhaps all those e-mails you guys sent caused an effect.

B

http://vtsystems.com/resources/design/header_1.jpg We are upgrading our systems. Please check back soon.
  • #64
  • Jan 17, 2006 2:30pm Jan 17, 2006 2:30pm
Thanx for the input Aroon. Just another testament for never flying without stops and limits.
Nolite dormiens pungere ursum. -- Latan Proverb.
  • #65
  • Mar 28, 2006 1:10am Mar 28, 2006 1:10am
Hey guys !! I have also experienced the same bad experience from CMS – VT Trading Station - their customer & tech support, when I had the demo platform. I have seen only the negative reports with them not only from this thread and also from other similar message boards. I have been with FX Solution thru their ‘IB’ www.infinitybrokerage.com or www.proedgefx.com for the last two years…. great service ….. lot more potential to make more money thru hedging position. Check them out see other unparallel benefits that they are offering such as high leverage, free daily webinar etc.
  • #66
  • Apr 4, 2006 12:24pm Apr 4, 2006 12:24pm
Hi folks.

I have VTTrader and I am agree about that the problem could be CMS, not the VTTrader. I guess that VTTrader and Metatrader are the best charts free, we just must choose the one that we consider better.

As I understand, TradeStation and Metastock are better than VTTrader and Metatrader, but they cost money.

My main commentary is that we should propose the best brokers than we know, without concerning the platform that they use, based on the security of our money (trading it in the market or kept in the accounts).
The best thing would be to use an excellent package of charts integrated to an excellent broker. But may be that this "ideal" does not exist and we must think about using them separately.

What do you think about it?

Regards.

p.d.: TradeStation this year was put within reach of us, through Capital GAIN. Somebody had some experience with them?
  • #67
  • Apr 4, 2006 3:54pm Apr 4, 2006 3:54pm
Here are some threads of TradeStation, but I consider this new one like a good observation:

http://www.forexfactory.com/forexfor...ead.php?t=4835
  • #68
  • Apr 5, 2006 12:01pm Apr 5, 2006 12:01pm
Quoting Ageorge
Hey guys !! I have also experienced the same bad experience from CMS – VT Trading Station - their customer & tech support, when I had the demo platform.
Please note that a lot of CMS problems are on thier demo servers. People seem to have less problems (but still some) on the live servers. Also, if you like VT and hate CMS, you can always follow the market on VT and trade with whomever you like. I have done this with good success with my son, who trades with another broker and calls me during the day to put in trades for him while he is on the road.
Nolite dormiens pungere ursum. -- Latan Proverb.
  • #69
  • Jun 20, 2006 3:05pm Jun 20, 2006 3:05pm
Hi All:
I'm new in this great forum and in FX too, my real start was in MAY06 with Easy Forex, i think you all know what is Loosy Forex!!!!!!!!!!!!! However on 12Jun06 i moved to CMSFX with a starting balance 800$, up to now i could make 5000$ based only on the market movments during the 24hours .

Can you please let me know your opinion about CMS FX.
I read the Vegas WB, looks nice, but i think it doesn't work with VT Trader 1.0 (CMS FX system), can any one guide me to any plane that can help me understading what i'm doing .



Cheeeeers
  • #70
  • Jun 20, 2006 6:48pm Jun 20, 2006 6:48pm
Quoting m_bolbol100
Hi All:
I'm new in this great forum and in FX too, my real start was in MAY06 with Easy Forex, i think you all know what is Loosy Forex!!!!!!!!!!!!! However on 12Jun06 i moved to CMSFX with a starting balance 800$, up to now i could make 5000$ based only on the market movments during the 24hours .

Can you please let me know your opinion about CMS FX.
I read the Vegas WB, looks nice, but i think it doesn't work with VT Trader 1.0 (CMS FX system), can any one guide me to any plane that can help me understading what i'm doing .



Cheeeeers
Hi m_bolbol100, and welcome to FF.

I'm not sure I understand what you are saying here but let's see if we can help you. Are you saying you made $5,000 since June 12th? WOW!

There are a couple of Vegas inspired Indicators posted in the Indicator and Systems thread right here in the VT Trader Forum for download that you may want to try.

It should be understood that CMS is Not VT Trader. CMS use VT Trader as their charting/order platform. There have been lots of discussions on who is the best/worst broker on this board. You could try searching FF for Broker Rankings.

As far as helping you understand the forex markets I would suggest you read the Beginners Forum to get a solid foundation under your feet.

Hope some of this helps, if not, ask again please.
  • #71
  • Edited 3:08pm Jun 23, 2006 2:31pm | Edited 3:08pm
Mr Whipple,

Have you checked out Richmondfx servers? I wish there was someone in the USA that was using Visual Trader other than CMS. Scares me to send my money out of the country, have enough trouble here(Refco) even with some regulations.

I found this place in Atlanta that I heard about somewhere on FF Globalbankfx.com their platform I downloaded looks a lot like a stripped down version of VT. It does not have the Trade system feature.

I don't have anything against CMS, but everyone I have spoken to barely speaks English and they won't let me trade my IRA, which has some serious tax advantages for me.

I have been using their live server and it is pretty stable and trading at different broker who will allow trading inside an IRA. As you had suggested.

Regards,
Al
  • #72
  • Jun 23, 2006 4:55pm Jun 23, 2006 4:55pm
Here you go for you folks in London

http://www.activtrades.com/index.aspx<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>


Let us know what you think.
  • #73
  • Jul 3, 2006 8:17am Jul 3, 2006 8:17am
Quoting fidel2414
Does anyone use CMS for their trading platform? I'm currently using FXCM, but i've heard because of their rather large account base, they tend to distort quotes. And their platform is sort of basic. If you could tell me of your experience with CMS.......good or bad would be wondefully appreciated.

I have been using the VT demo for about 9 months here in the UK and have just been in contact with CMS re a live a/c I have received nothing but excellent servive from various people both in the tech dept and the customer services.
The platform occasionally crashes on the demo but they fix it fast and all round following trying numerous other platforms I cannot improve on it I am going live any day as I am ready now for the real experience. I just wish they had a centre in the UK. Cheers Peter
  • #74
  • Jul 3, 2006 11:28am Jul 3, 2006 11:28am
Quoting chapel
I have been using the VT demo for about 9 months here in the UK and have just been in contact with CMS re a live a/c I have received nothing but excellent servive from various people both in the tech dept and the customer services.
The platform occasionally crashes on the demo but they fix it fast and all round following trying numerous other platforms I cannot improve on it I am going live any day as I am ready now for the real experience. I just wish they had a centre in the UK. Cheers Peter
hehe, dont be deceived by their demo account. They requote you alot on their live account, and sometimes they'll screwed up. 2 months ago, they closed out my trades by accident. And last week when i was trying to close my position, it wont let me and then it kicked me out.
  • #75
  • Jul 4, 2006 4:33am Jul 4, 2006 4:33am
I had a problem with a trade on the demo being closed without my instruction so I spoke with them on the phone and they assured me that it would rarely happen on the live and with a phone call they would correct it but maybe,. maybe not The wonders of the tech age never cease to amaze me, and nothing is perfect we are all in the world of chance and risk but I appreciate your information. Many thanks Pete
  • #76
  • Jul 4, 2006 7:25am Jul 4, 2006 7:25am
Quoting garciaal
Here you go for you folks in London

http://www.activtrades.com/index.aspx<o></o>


Let us know what you think.
Looks as though CMS is still the Forex broker.

http://www.activtrades.com/index.asp...page%3dsuccess

When looking through the site I thought that the spreads looked familiar!
TTFN Merlyn
  • #77
  • Jul 4, 2006 9:19am Jul 4, 2006 9:19am
I have CMS as my mainstream FX broker and have had no problems of substance with them on my real account. I am sure there might be someone better but scanning all the threads there seems to be a lot worse . Where I feel CMS let themselves down is the fragility of their demo model. You don't need to be a super marketer to realise that this is (could be !) their best sales tool. People love the VT package but bitch at the down-time and cut outs. If they invested in the Demo ( the sales hook ) they would have an even better business.

For event trading I have set up a real account with Oanda as I found it difficult to get satisfactory fills and exits with CMS for short term trading. But the Oanda charting package is very limited and does not support my front line FX systems. Plus the choice of foggy grey or swamp green is less than inspiring !! -

Bramhall17
  • #78
  • Jul 14, 2006 1:37pm Jul 14, 2006 1:37pm
Quoting garciaal
Mr Whipple,

Have you checked out Richmondfx servers? I wish there was someone in the USA that was using Visual Trader other than CMS. Scares me to send my money out of the country, have enough trouble here(Refco) even with some regulations.

I found this place in Atlanta that I heard about somewhere on FF Globalbankfx.com their platform I downloaded looks a lot like a stripped down version of VT. It does not have the Trade system feature.

I don't have anything against CMS, but everyone I have spoken to barely speaks English and they won't let me trade my IRA, which has some serious tax advantages for me.

I have been using their live server and it is pretty stable and trading at different broker who will allow trading inside an IRA. As you had suggested.

Regards,
Al

Yes I have checked them out. They do use CMSFX for DEMO servers. I checked this out by using a random name for an account like raxzledorfx and then used the same name to sign up for richmond and the name was taken. I am not sure if they use different servers for the live accounts. They say that they don't but you never know for sure. The only way to know for sure is to preform the above test on a live account.
Nolite dormiens pungere ursum. -- Latan Proverb.
  • #79
  • Jul 14, 2006 3:07pm Jul 14, 2006 3:07pm
I have been testing several trading systems using VT and have found the system is much more stable recently. Today was a major news day with a reversal at 9am that most TSs would have lost money on (they dont handle reversals well and do well in trends only). VT traded very well today with no crashes. New versions will focus on stability and connections, and hopefully this will help.

A problem CMS has is that they in the Empire State Building in New York - its an old building and a power outage can crash everything. They don't have a good backup redundant system that bigger brokers have, and a crash will shut down everything. Brokers like IBFX, GFT, and MBTrading are in less populated areas and have less of these problems.
  • #80
  • Edited 5:13pm Jul 29, 2006 5:02pm | Edited 5:13pm
For those in Europe who like VTrader here is a broker that uses it:

http://www.ecnbroker.com/en/visualtrading/

Quote
Direct access to stocks, options, futures and Forex markets.
Whether they are an ECN (no dealing desk) is another question. Other brokers reportedly include:

1-trading-fx.com
2-pinnacle-exchange.com
3-moneyforex.com
4-activtrades.com
5-akforex.com (partnership with CMS)
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