ForexCharts.net

CMS Forex

Corporate History

Founded in 1999 by forex and software development professionals, CMS Forex aims to provide its retail accounts with sophisticated forex and futures trading technology. As a forex market-maker, CMS Forex is able to combine quality deal execution with competitive market-related services and excellent customer support.

Furthermore, as one of the top online retail forex institutions worldwide, New York-based CMS Forex also has affiliates in London, Boston, Tokyo, Shanghai, Saint Petersburg and Bermuda. This network helps strengthen its global outreach to the retail forex market.

FEATURES

• Variable spreads as low as 1.4 pips
• Real-time trade execution
• Trade mini or standard lots on one account
• Ability to trade micro lots
• Low minimum deposit
• Over 100 Technical Indicators
• Access to Fundamental Analysis tools
• Rollover interest
• Up to 100:1 leverage
• Quality customer service
• Forex education
• Market-maker
• No commissions or fees on trades
• Automatic close out upon insufficient margin
• Also trade futures via QST platform (fees apply)

ACCOUNTS

Micro Account 

• Initial deposits of between $25 and $499
• Trade micro-lots of 1,000 units of the base currency.
• Good for beginners.

Universal Standard Account 

• Initial deposits greater than $500
• Lot sizes of 10K and 100K.

Demo Account

• Free of charge
• Full access to VT Trader Platform.
• Practice trading before committing funds.

Leverage:

• Maximum 100 to 1 for major currency pairs.
• Maximum 25 to 1 for minor currency pairs.
• Lower maximum margin requirements possible.

Current Bonuses:

• Referral bonus of $50 to $2,000.
• Sign-up bonus of $50 to $2,000.

TRANSACTIONS

Trading Hours

From 5:15 p.m. EST on Sunday until 4 p.m. EST on Friday.

Order Types

• Market orders
• Conditional orders
• Entry stop and entry limit orders

Deposits

• You can fund and hold your trading account at CMS Forex in up to 8 currencies.
• Make deposits with: 
  • Credit card transfers: MC, Visa
  • PayPal (USD Only)
  • Electronic Funds Transfer via BPS (Broker Processing Service)
  • USD Check
  • Wire transfers from banks

Withdrawals

• Online withdrawal forms require a username and password.
• Paper withdrawal forms can be sent by fax or e-mail.
• Withdrawal options do not include sending funds to credit card account.
• Withdraw funds by:
  • Check (U.S. and Canadian residents only)
  • Wire transfer ($25-$30 fee applies)
  • Withdrawal to a BPS account ($15 fee)

PLATFORM

VT Trader Trading Platform

CMS Forex's sophisticated VT Trader platform allows you to trade directly from its charts. Traders can just point and click to exit or initiate positions, and order entry is also facilitated.  In addition, VT Trader allows traders to readily monitor open positions on the chart screen, as well as their profitability.

Furthermore, CMS Forex's chart pattern recognition technology is integrated into the platform for extra utility to technical traders, in addition to the vast array of over one hundred technical indicators provided. VT Trader's additional features include:

• Customizable interface
• Custom indicator support
• Risk management tools
• Custom market alerts
• Forex Autopilot for automated trading
• Stability
• Dow Jones News

VT Trader Web

CMS Forex offers an online version of VT Trader accessible via PC or Mac where you can trade and manage positions using a web browser.  No downloads required.

VT Mobile Trader

CMS Forex also offers a mobile trading solution called VT Mobile Trader that you can use to trade Forex conveniently from your cell phone and many other handheld devices.

Automated Trading Support Using Forex Autopilot

CMS Forex provides support for automated trading with its Forex Autopilot technology which allows traders to develop and operate automated Forex trading signal generators and robots based on factors like market conditions and various technical indicators. Forex Autopilot also provides a back-testing facility for trading systems using historical exchange rate data.

SUPPORT

Customer Support

CMS Forex provides 24-hour multilingual customer support during forex trading hours from Sunday at 5:15pm to Friday at 4pm EDT via a U.S. Toll Free number, live chat or e-mail.  They offer a courteous and responsive service aimed at ensuring customers receive the attention they need.

Dealing Desk

Emergency telephone trading over the phone directly with the dealing desk is available using a username and password.

INFORMATION

Educational

CMS Forex offers considerable high-quality online training information on its website for the trader new to the currency market. The offerings include both education material and an online operational guide for their VT Trader forex trading platform.

In addition to a video guide section, CMS Forex aims to make forex accessible to beginners in a simple and easy-to-understand format. The broker provides informational written material about forex trading and technical analysis, and available items currently include:

• Forex Overview
• Online Forex Course
• Learn VT Trader
• Technical Analysis Articles
• Books
• Forex Webinars

Technical Analysis

CMS Forex provides a good selection of articles on technical indicators useful to forex traders to help them analyze and interpret price movements. The articles contain good examples of how to use such technical indicators to generate trading signals, as well as how the indicator can be used to assess market conditions. Also, CMS Forex's VT Trader trading platform provides advanced charting capabilities for clients.

Market News and Data

CMS Forex offers an excellent and high-quality fundamental analysis and news section on its website called Forex Capsule. This section includes:

• Economic calendar
• Live news feeds (including Dow Jones News)
• Quality Commentary and outlook reports with support and resistance levels.
• Live news video reports.

SAFETY

Fund Security

CMS Forex considers the security of your trading funds a top priority, so all deposits are held with highly reputable financial institutions. Since CMS Forex is a registered Futures Commission Merchant (FCM), they must maintain top standards and business practices.

Regulatory Compliance

CMS Forex is registered as a Futures Commission Merchant or FCM and a Forex Dealer Member (FDM) of the National Futures Association or NFA with Member ID number 0313199. They are also registered with the Commodities Futures Trading Commission or CFTC in the United States and the Financial Services Agency (FSA) of Japan, two reputable regulatory bodies. You can visit the NFA's website to review CMS's standing as an NFA member. As a result of their registrations, CMS Forex complies with their standards and is subject to strict regulatory and financial reporting requirements.

Auditing

CMS Forex annually submits to three audits, one by an independent financial auditor, one by the NFA and one by an independent auditor responsible for overseeing Anti Money Laundering procedures.

Data Security

With redundant connections and a high level of security, CMS Forex provides reliable servers that are always under close scrutiny to protect your private data and trading connection.

OVERALL

CMS Forex offers a reputable and well-regulated retail forex execution service for traders of any skill level to get started trading forex quickly commission-free and at competitive dealing spreads. Also, the fact that they also support futures trading makes them even more attractive to traders who wish to access both the unregulated forex market as well as the futures exchanges using the same account.

Furthermore, CMS Forex's sophisticated VT Trader software offers excellent charting and deal execution capabilities for either download or online usage, as well as support for automated trading. In addition, they offer high-quality Dow Jones news on their trading platform, as well as excellent market commentary and a useful economic calendar on their website. In addition, beginners will really appreciate the helpful educational material provided on technical analysis and other relevant topics.

Overall, the firm offers an excellent blend of sophistication, services and concern for the customer that makes CMS Forex a top choice for newer and more experienced forex traders alike.

 

Create an account today!

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