CMS Trader Review
CMSTrader Review
4 (80%) 1 vote

CMSTrader Review 2017

Scams in the forex and trading industry are increasing continuously, and investors are scrutinizing each and every detail before opting for a broker. Reliable and trustful investment advisors can only survive in the market for long and one of such classic examples in CMSTrader. This online brokerage firm started its operations in 2013 and never looked back. Even in client’s wealth management also, this firm received positive reviews and the experience of its parent firm, Safe Side Trading Ltd. also helped CMSTrader in becoming a success.

CMSTrader Reliability – Is CMSTrader A Scam?

It is obvious to have doubts on new brokerage and trading firms and investors always hesitate to try new brokers. CMSTrader is no exception to this, but its successful operations helped in spreading positive mouth talk. As of now, it is one of the most successful online trading firms, and the fact that its parents company is in New Zealand didn’t stop it from becoming successful. Also, one must note the fact that it is regulated by NZ’s Financial Service Provider (FSP) rules and is not regulated by the European System of Financial Supervision (ESFS). Yet it became successful and its base is increasing continuously.

Professionalism And Integrity

Professionalism and integrity are the two important factors that are responsible for the success of this brokerage firm. By offering different trading accounts that meet the needs of each and every investor and by opting for a reliable and secure trading platform, CMSTrader was able to achieve success in very short span of time. Needs of seasoned traders, professional traders and beginner traders are different and CMSTrader quickly understood it and achieved success.

24/7 Customer Support

Round the clock customer support is must to achieve success in the trading market and CMSTrader knew it. Though most of the leading brokerage firms offer support during trading hours, CMSTrader decided to offer support on weekends also. Customer support staff is cordial and clarify the doubts of every trader patiently.
By using CMSTrader Prepaid MasterCard, withdrawals can be processed quickly. CMSTrader always gives utmost importance to customer satisfaction and the firm is trying innovative methods to offer improved services. CMSTrader won’t hesitate to adapt new techniques to be on top.

Trading Platform

CMSTrader offers flexibility in choosing from three main trading platforms. SIRIX WebTrader is preferred by beginners as it allows traders to trade on a social trading platform. SIRIX Station which comes with advanced analysis tools help in real time trading. SIRIX Mobile Trader is available for Android and iOS smart phones, and by installing this app, traders can use smart phones to trade.

Account Types

CMSTrader offers four different trading accounts, and the trader can choose any one of them based on his requirements.
Mini Account: Min. deposit of $500 and gives access to SIRIX WebTrader platform.
If you want to trade on currency pairs, this is the best option.
Silver Account: $5000 is the min. deposit requirement and the account holders will get access to Mobile Trader app.
If you are an experienced trader, prefer this one.
Gold Account: This account can be customized to target particular trading needs.
$50,000 is the minimum deposit requirement and the trader can choose from fixed or variable spreads.
Exclusive Account: Minimum deposit requirement is $100,000 and only invited customers will have the privilege of this account.
For Muslims, Islamic trading account is a perfect choice. It was designed in accordance with the Sharia law rules.

Commission & Spreads:

Gold and Exclusive account traders will have the flexibility to trade on spreads as low as 1 pip. For Mini and Silver trading account traders, minimum spreads start from 2 pips. CMSTrader’s commission policy is better when compared with other popular brokerage firms.

Customer Support:

Live chat, email, fax, and telephone are the customer support options provided by CMSTrader and all these options work 24/7. Multi-language support is also included, and traders can talk in English, Arabic or French. To get support from traders all over the world, their official website is available in regional languages.
Pros:
Offers round the clock customer support in regional languages also.
Different trading accounts are meeting the varying needs of traders.
Dedicated Prepaid MasterCard for easy withdrawals.
Support for mobile trading platforms.
Supports social trading.
A broad range of trading assets.
Cons:
Not regulated by the European System of Financial Supervision (ESFS).
Only account holders have access to their website.
Trading terms and conditions needs to be explained in more detail.
On comparison, deposit requirements are so high.
Not much support for Asian Traders.

Conclusion:

By providing efficient and competitive services to its traders, CMSTrader achieved success in the shorter span of time compared to competitors. Their exclusive offers and innovative approach in trading made them special. CMSTrader understood the requirements of beginners and experienced traders and offering trading accounts that meet the needs of each and every one. Finally, consider this broker once if you are serious about trading.

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