CMS ceasing operations for retail traders

Since getting the 'bomb' from CMS like everybody else, I have given the Forex com pro platform a run.
It is not a patch on the VT trader. After coming from VT Trader it's certainly not a 'pro' platform.

Like one of our other readers I hope Forex com takes VT Trader.

To all those who love VT Trader and want Forex.com to offer it to their clients, please take the survey on the CMS website and check the option: VT Trader.

Hopefully our responses will have an impact on management's decision to make VT Trader available.

http://www.cmsfx.com/

Hello everybody, i am a member of cmsfx and i didnt receive any mail, i found about all this by surfing the web. I send them a mail asking about what is going on, and they answer me in a day. I just hope the transcision would go smoothly to keep trading with a (i hope) good broker.

I dont know why cmsfx choose to sell the company, it seems they were doing very good. They have a good platform, good service, a good website with informative news, also good promotions. They have their offices in the empire state and they are regulated in many countries. why suddenly the change?

Now that cmsfx members has no option but to trade with forex.com or quit, i was wondering how good forex.com is, i would like to hear any opinions and reviews about this broker.

This week i have been testing their platforms, the downloadble and the webbased. The installable one seems like a cheap software, the design of the charts and all the software is not very good, also the charts doesnt seems very precise, they lack many indicators and many techinical tools. The web based, looks normal to a webbased standar, but the charts again doesnt seem precise, i wont complaing lack of indicators here since is webbased, but it is also slow to respond, and sometimes clicks doesnt work. The report section is divided in 4 windows, is preferred when you want the report, you can read it all at once. In the account summary the account balance doesnt change when you gain, but it changed when you lose, they record your winning trades, but they are in realized gain/loss, why dont sum the winning trades to the balance?, Well. I tested this in a demo account. At least when i wanted to trade it trades, and is easy to set many orders of many types. i am used to many platforms, so i would say this is decent but not good.


The website in general is not very informative compared to cmsfx website more complete about everything, trading terms, dealing services, customer services, safety of founds, regulation, testimonials, etc. In forex.com in their section of WHY US, they only answer that you can trade many currencys and metals(wich was also available in cmsfx) and also oil and indices(good but you already have so many pairs to look), they have powerful trading tools( wich they are not compared to vttrader and also arent very good), award winning research ( i am not shure how good is this, but either way there are many sources out there, and if you dont like it , you can ignore it(unlike the platform issue)), education and training( this is for newbies, as the research team, watch it or ignore it, nevermind). In cmsfx WHY US (or CMS advantage) they say: competitive spreads, fast fair and reliable trade execution, trade mini standard all in one universal account, also trade micro and start with a low deposit, we have over 100 technical indicators, acces to fundamental tools, and quality customer service. About the FAQ in forex.com they are mostly about the forex market, metals and oil, and very few about the broker and account informations, unlike cmsfx FAQ is focus about the broker and accounts information. Some of this are obvious, but they tell you how much the company is motivated to communicate with their clients.

Gain capitals looks like a very big company, and as all the big ones they are regulated, and have office in USA and UK. So a confiable broker it is. But how interested they are in offer a quality service to theyre clients. Not very shure. This is just a quick guess, based on impressions, maybe they have a good customer service and are better than what it seems. Also you shouldnt judge a book only by its cover, but taking other things in consideration .

As long they seems very confiable and legal, is just like any other broker. So i look forward to trade with them, and hoping they may improve their services. Either way is one more broker to trade with, and overall, the important is to make good trades.

Any opinions about this broker? and comments of the all situation?


Regards to everyone.

I've been with them for five years too. For my needs it was a good broker.

I may start calling both to hound them about the VTrader fiasco. I am very mad my micro account is going nowhere though, and this other broker I was going to test is messing around too. I experiment more on a micro than real money.

I was pretty unconfident about Gain using the software, but I was looking at their site, and like CMS told me, but the Gain Representatives didn't know about they have more than the web and the pro software. Apparently there's esignal and ninja and some other one. So I am hoping that since the company is so into offering many many platforms, they might try to integrate this. Per the Sales team at cms the gain ceo is interested, but who knows.

CMS is staying open for institutional clients only.

The forextrader pro, while it's harder to set the limit and "stop loss"(in quotes since it's technically against US NFA regulations to have stops 2009 rules), I did like the order window and options.
But the chart it self, and I tried changing the preferences around to get it close, isn't so easy to read.

As for not getting an email, if you have a really old account, for some reason they sent the notice to my original email i signed up with. Must be different databases.

I'm sorry what survey are you talking about??

The survey was up for the past 24 hours, but not any more. As of today 5pm EST the CMS website has been reconfigured to reflect the fact that the retail business has been moved to Forex.com.

Holy crap, the website just got updated.

New logo and all.

AND...

CMS OFFERS GAIN'S FOREXTRADERPRO AND VTTRADER. and MT4

Click on open a live account. it takes you to forex.com

And then the link from Forex.com to the CMS faq is gone.

Frankly, I'm fed up and sick of these peoples games. I know that companies don't want to tell you things about how they work and all of that, but is this a spinoff, sale, merger or what?
How the heck do you sell off accounts and claim you're in "talks" to give software, but instead of giving software you got it.
*bounced around*

Hopefully one day I'll make a few million so I don't have get tossed around if the perverts who wrote this banking bill don't stop me. And read up on those two, it makes the sleazy look clean. It's not disparaging when it's the case.

Now active is only
http://www.cmsfx.co.uk

no forex for you! Come back in 2 years!

I do not think that CMS was a scam...just how they handled this transfer is a bit of a scam. It is just so unprofessional how they only gave a few days notice to the change and plus they have been offering those "bonus" deals luring people in when rumour has it that they were taken over ages ago....so I think it seems they could have given lots more time for the changeover...I think a month at least is proper.

Also, I just received an email that the transfer is delayed...I wonder if this has to do with so many wanting VT trader still that they are looking at the offers coming in and maybe VT will live on for retail traders.

For all those considering the move to gain/forex.com. this is how they roll.

http://www.nfa.futures.org/basicnet/...px?seqnum=2461

pardon moi?

I was starting to wonder if anyone has my right email, so i'll probably be delayed in trading Sunday. Either gain doens't have my email, or cms manually sent me the letter and didn't update I don't know, but i haven't gotten this yet. Anyone else get that email?

However, my web statement, not logging into the platform yet, says I only have 0.01 in my account. Did you check to see if your funds were there or withdrawn?

This is still odd to me. so CMS gets vttrader, and forexpro, and mt4
forex.com gets forexpro(as it's theirs) esignal, ninja, and i keep forgetting the other one.

notice the one that's missing? Our vt trader isn't going both ways yet but everything else seems to.

I feel the option would fit into the new broker very nicely considering it seems that they enjoy offering many options to their clients. Obviously they have a system in place where their servers interface with more than one proprietary or generic platform. Wonder what type of testing is involved before it's ready.

I just reread the email and it is from CMS UK so maybe this is only for the UK clients? But the way the email reads it sounds like the whole changeover is delayed...not just the UK.....I guess we will know in about 16 hours when the market opens.

Well my new Forex.com account is up and ready.

I lost 0.15 in the transition process as they rounded my balance down to the nearest dollar. Actually I lost 0.16...as 0.01 still sits in my CMS account...gee I wonder if I should request a withdrawal of those "funds". I wonder how much money they (CMS or Gain) are making rounding down people's funds, (I doubt they're rounding up).

I have two accounts: one at cmsfx bermuda and one at cmsfx US.
The cmsfx bermuda account is transfered at forex.com UK and
the cmsfx US is transfered at forex.com US.
I have already got all login information and all accounts are ready to be traded.

Hello guys.
This broker also offers the VT Trader
gedamoforex.com

I can't believe how useless Live Chat help is. I would assume you get better responses because people have a chance to read w/o being hurried on the phone.

I get Gain who resets my password and sends it to a dead email after I tell them you used the wrong one and didn't even ask for a password. I get CMS tech telling me VTtrader is just for charting and not trading, when I tell them the charts aren't updated, and I only asked if there was a technical issue or is the log in procedure changed.
I do not know how much more basic I can get for a tech question about their own software! Is it working or not? my gosh

Do you know if former retail traders are to still log into "live trading" and if there is any technical issues today? My quotes and charts do not update after the moment I log in.
xxxWe do not provide VT tarder for live trading anymore
xxx You can just use it as a charting device

The phone help for Forex.com was very good at getting my info updated though.

Anyone get any info on how you are to log in? My rates refuses to update or stream after I log in.

Hi all

Just to report that I logged into my CMS VT live account this Sun evening (UK) and all seems to be working fine. Hence I assume that it will be business as usual until the new cut-off this Friday 22nd.

However, now that I have a few more days to ponder over this, I am unsure what to do, i.e. let them transfer me to Forex.com or close my account and look for a new broker.

Have any other CMS traders here dediced on a new broker and if so who did you pick?

Cheers

I should be a secret shopper. My charts still aren't working. Tech support says to do a demo. I decide to wait or ask sales who is always referred to when it's about software.

I ask sales. Sales says have I tried contacting forex.com. HELLO, VTTRADER IS CMS'S!


Unless if someone else is around to confirm the US feeds are off or on, I'll wait until morning. Obviously they must have some situation and someone programmed it wrong for the old clients, or everyone is incompetant and is lying to me that there are no continued charting support without starting a NEW demo.

Now, either this means that our accounts have been transferred so yes, of course I can't trade live, or he means that there is a technical issue and it's not working. It can go either way apparently.

I never got to ask how the "integration" is going.

rediculous. no wonder so many people fail at trading, they never get a chance to do it.

Hello i am also reporting that cms vttrader uk seems will be working for one more week . And also am not shure what may be better.

I guess open a new account with other broker, and manage two accounts, this may have some benefits, some people have like 4 accounts and seems going well. This mean accepting the transfer to the new broker, and also opening a new account with other new broker. For having more options seems good.

It would be helpful hearing more opinions about forex.com, how have been the experience with this broker, trade execution, withdrawals, etc. Is one of the big ones and is legal and everything, but the going situation is very uncertain, but if it is a good option trade with forex.com i dont see why dont transfer, and keep the things like they are.

Also for people who want to withdrawal, since the situation is very uncertain, i wonder how efficient the withdrawals are beacause all the people which are withdrawaling right now plus all the mess, they may have some troubles. Hearing opinions also about this will be appreciated.

Any more options would be nice to hear, also more opinions of anyone in this situation.

Regards , and good trades.