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Capital Markets Solutions (CMS) Review – is it scam or safe?

Capital Markets Solutions (CMS) Review  – Is cmstradefx.com scam or safe forex broker?

RATING: 2 / 1 REVIEWS ForexBrokerz Capital Markets Solutions (CMS)
Capital Markets Solutions (CMS) is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


 Trading accounts and conditions


Account type Minimum deposit Minimum trade size Maximum leverage Average spreads
Standard $500 0.01 lots 1:100 1.8 pips

 

CMS has one type of live trading account. There is also a free demo account with virtual $50 000 for testing purposes. The broker allows scalping and news trading.


CMS' tradable asset portfolio includes a wide selection of forex pairs – major, minor and exotics, spot silver and gold and CFDs.



The Company. Security of Funds


Company Country Regulation
Capital Markets Solutions (CMS) Belize  IFSC

 

Capital Markets Solutions (CMS) is based in the offshore zone Belize. The broker is regulated by Belize's International Financial Services Commission (IFSC). It is worth noting that there used to be a forex broker with the same initials – CMS Forex– based in the British Virgin Islands, but it is no longer active. We could not establish whether the two brokers are somehow related.


There is also another broker with similar name CMS Trader – unregulated and with client complaints and warnings against it.


Belize is a popular destination for forex brokers, both big and small, as the IFSC has rather lax requirements, but exercises at least some oversight, unlike the so-called regulators of other offshore zones, which are regulators only in words. Furthermore, the vast majority of offshore regulators do not have a specific requirement that brokers are members of compensation schemes that could cover client deposits in case the company goes bankrupt.


As a general rule we advise that the potential traders choose properly regulated forex brokers, like the ones supervised by UK's FCA or the Australian Securities and Investment Commission (ASIC).



Trading platforms


Like most forex brokers, CMS also offers the famous MetaTrader 4 (MT4) platform. It is preferred by brokers and traders alike. The MT4 is known for its ease of use, large number of options, charting and technical analysis tools. The platform offers API connectivity, supports PAMM and MAMM functionality, Expert Advisors and automated trading.



Methods of payment


CMS accepts payments through credit and debit cards and the online payment systems Neteller and Sorexpay. We could not find information whether the broker accepts bank transfers.

 


Conclusion


CMS is the average offshore forex broker that does not stand out with anything. Its trading conditions are average, the portfolio is also average and we could not find a bonus program, so there is no reason to choose it over another offshore broker.


Not that the bonus programs are something more than a client trap.


Pros Cons
MT4 Offshore
  High deposit
  Low leverage

 

 

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Traders` reviews for Capital Markets Solutions (CMS)

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