Licensed and regulated by the New Zealand Financial Markets Authority (FMA) under the Financial Service Providers (Registration and Dissolution) Act 2008 and owned by CMS Ventures Limited, CMSTrader is a leading investment advisor that specializes in the area of personal wealth management and growth. In addition, CMSTrader also provide online forex trading services for their clients. Since their establishment in 2012, they have won numerous awards for their quality customer service. Their services offices can be found in Bahrain, Cyprus, UK, Hong Kong and Paris.

Trading Platforms

To serve the trading needs of their clients, CMSTrader has provided them with the use of the Sirix WebTrader. This platform is powered by Leverate, a leading broker solution services provider for brokers all around the world. The platform requires no download and is accessible with any web browser.

Major features of the SIrix WebTrader include support for advanced charting, one click trading, seamless social trading, and real time trading. Mobile versions of the Sirix trading platform are also available for traders who want to trade the markets from their mobile devices.

For traders who want more control over their trading platform, they can also download and install the Sirix Station onto their computer. This version of the Sirix platform offers traders the ultimate combination of configuration ability and stability.

Account Types

As for the types of trading accounts that are available at CMSTrader, traders have 4 choices to choose from. They include:

• Mini Account

Minimum deposit of $500

Access to more 120 currency pairs

Personal training

Online courses

• Silver Account

Minimum deposit of $5000

Direct access to trading room

Direct access to research team

Phone orders supported

• Gold Account

Minimum deposit of $50,000

Full personalized service

Tight spreads

Direct access to trading room

Direct access to research team

Phone orders supported

• Islamic Account

Operate under “No Riba” policy

Available to traders who wants to trade according to Sharia law

A demo account is also available for traders who want to try out CMSTrader’s services first without having to commit real money.

Commission & Spreads

As for the spreads payable, CMSTrader charge a fixed spread on the trades made. Their minimum spread (EUR/USD) starts from 3 pips.

Customer Support

Unlike what is provided by most forex brokers, CMSTrader’s traders have the benefit 24/7 customer support services. Traders can contact the support team through email, web contact form, live chat or the telephone. The services are available in English, French, Arabic, Italian and Russian. We tested out their live chat service and got through a customer support representative at the other end in less than a minute.

Pros

• 24/7 support service
• Easy access to trading funds with CMSTrader Prepaid MasterCard
• Multi-lingual support
• Responsive customer service
• Simple to work their trading platform
• Wide range of instruments for trading

Cons

• No MetaTrader 4 Platform provided
• Spreads are higher than average
• Minimum withdrawal amount set at $500

Conclusion

While CMSTrade might be a relatively new forex broker, the quality of their service is undeniable. Some of the awards which this broker has won since their establishment include “Best Broker for 2013” and “Best Broker for the Middle East in 2014”. They are attuned to the needs of their clients and is an ideal broker for those traders who are new to the online forex trading industry. The reason for this is the availability of a comprehensive forex education library which helps to set new traders on the right footing.