|Type of Broker:||Forex/CFD|
|Min Trade Amount:||0.10|
|Bonus:||No Bonus Available|
|Number of Assets:||200+|
|Leverage:||Up to 1:400|
|Fees:||$25 per Wire withdrawal|
|Free Demo Account:|
|Trading Platform:||Sirix Web, Mobile, and Station Traders|
|Types of assets:||Currencies, Commodities, Indices, Stocks, CFDs|
|GTD Stop Loss:|
|Education:||Video Tutorials, Analysis, Webinars, Trading Courses|
|Credit Card||8-10%||3-4 days|
|Debit card||1-5%||4-5 days|
CMSTrader is a forex trading broker owned and operated by Safe Side Trading Ltd, a financial trading company with UK registration number 09229115. The company’s headquarters are located at 71-75, Shelton Street, Covent Garden, London, WC2H 9JQ, in the United Kingdom.
CMSTrader offers traders an opportunity to trade in a variety of assets including currency pairs, commodities, and CFDs, among others. Traders can also capitalize on the broker’s flexible trading requirements including the ability to trade with micro and standard lots. CMSTrader has also established relationships with leading signal service providers and traders can a now access free trading signals once they are signed up.
Account Types and Trading Specifications
Mini Account: This account type requires a minimum deposit of $500. It comes with a leverage of 1:200 while the minimum trade volume is set at 0.10. Traders of this account are allowed to hedge their positions, have instant access to the Dealing desk and Daily trading signals. The spreads for this account type are fixed and vary from one trading instrument to another. Traders can only trade via the broker’s Sirix WebTrader Platform, and have access to daily market reviews and 24/7 support.
Silver Account: This account type requires a minimum deposit of $10,000. Traders of this account type get access to video tutorials, personal account manager, and all the available trading platforms including the Sirix WebTrader, CMS Platform, and Mobile Trader. They have access to a finance plan and risk management plan, as well as, special invites to VIP events. They have access to 1:200/1:300 and 1:400 leverage options plus the rest of the features available to Mini Account holders, but no access to the Dealing desk.
Gold Account: This is the most senior account type at CMSTrader and it requires a minimum deposit of $50,000. The account type allows traders to enjoy expedited withdrawals as well as gaining access to various special ventures. They receive a monthly performance analysis report while their account is also monitored by a personal account manager. Their spreads come in two versions (Fixed/Variable) as do their access to the dealing desk (instant/No Dealing Desk), plus the rest of the features available to Silver Account holders.
Trading Instruments, Margin, and Spreads
As discussed in the account types. The type of spread applied depends on the type of account a trader opens. However, just as is the case for most forex trading brokers, spreads for major currency pairs like the EUR/USD start at 3 pips while those exotic currency pairing like the EUR/TRY, have spreads starting at 5 pips. As for Gold and Silver, spreads begin at 80 pips and 13 pips respectively.
CMSTrader has over 130 currencies available to trade on the platform. This makes it one of the most comprehensive currency trading platforms in the market. Traders can also trade in several stock indices selected from world’s leading stock exchanges, as well as, top commodities, precious metals, and a wide range of CFDs (mainly composed of stocks).
With CFDs, traders are allowed a trading margin of 1:10, which means that they have the ability to multiply their profits by up to 10x as compared to usual stock trading. This means that, instead of investing $18,000 for buying 200 shares of Apple at $90 each, traders get to invest just $1,800.
If the stock price of Apple rises to $100, then they make a profit of $2,000. This implies a profit percentage of 111.11% as compared to a profit percentage of just 11.11% under traditional investing.
Trading Platforms Features and Materials
CMSTrader has developed tools and materials that its traders can use to trade profitable across its three platforms. All platforms also include key features that help in making the right decisions.
The Sirix Web Trader: This platform can be accessed by all traders regardless of the type of account they open. The platform is available online, which means that no download is required and it allows the trader to trade in real time, follow the purchase and sale price, adjust the size of the trading lots, place new orders, display simplified graphics, as well as, copy trading/Social trading, among other features.
The Sirix Mobile Trader: This platform allows traders to trade from anywhere and at any time across the world. It is specifically designed to allow traders a continuous trading activity even when they are not close to a laptop/PC. This platform has similar features and capabilities to those available on the Sirix Web Trader platform.
The Sirix Station: This trading platform is only available to Silver and Gold account holders. It offers traders the most comprehensive trading experience at CMSTrader with advanced charting tools, real-time trading data and market events, as well as, the ability to adjust your trades as per the breaking financial news feeds. It can easily be downloaded and installed on your PC for the perfect forex trading platform and also includes the ability to execute one touch trades.
Deposits and Withdrawals
CMSTrader offers traders an opportunity to deposit funds in their trading accounts via Credit/Debit Cards and Wire Transfer. The minimum deposit amount is $500 while the maximum for Credit/Debit card has been set at $10,000. The minimum withdrawal amount has been set at $250.
Traders must verify various details of their billing address/payment option before making the first withdrawal. All profits made can only be withdrawn via Wire Transfer.
Traders can contact CMSTrader support via Email, Contact Form, Telephone, and Live Chat.
Email: [email protected] plus others as per various departments.