Cms forex reviews
More Featured Forex Brokers Open a free demo or live account with a featured forex broker. More AutoTrading Copy the trades of expert traders automatically on your own account. But I would suggest that if anybody has any serious concerns or peculiar problems regarding the business practice that they file a complaint with the National Futures Associations' NFA BASIC. They are the watchdogs of forex forex like CMS FX. Its a very bad broker when I doubled my account I couldn't close any trade any more at all!!! When you are making good profits in a trade you can't close it only when its way negative then you can close the trade its like a miracle. Advise from a trader with live account don't open an account here stay away. It only gets a 1 for being the worst broker! They may as well offer zero or even negative spreads. It works like this. You place an order. Within a few seconds you get confirmation that your order say buy EUR at 1. Now make yourself comfortable because what follows may take seconds. If in that time the price moves with you even by one pip say to 1. But if the price moves against you say to 1. And now your nightmare is just starting. The market keeps moving against you and at 1. You send a close position request, get confirmation within seconds and then. In that time the market goes 1. You think you are out and start breathing again waiting for confirmation that your forex was closed. The market starts turning the other way, it hits 1. Now you know you are at their mercy and basically screwed. If you confront them about the response time they will give you the usual 'check your line speed, talk to your IP' etc. And at that point you know your are wasting your time. Because at the time when your CMS station was taking you for a seconds rides, your FXCM trading station was opening, closing or rejecting your requests with a sub-second response time. By the way the seconds wait does not happen when the market is flatlining so if you are looking for a cms market broker go with CMS. The best charting and trading system creation software around auto trade coded systems. Made good money at first and then the quick trade execution was replaced with constant requotes or no execution at all Weird and unexplainable problems start occuring with trades when system is trading live accounts. I run the software 5 days straight week after week- no problems occur with software until real trades are entered. If you like to trade on less than 10 minute time frame- forget it - slow execution and requotes will burn you. I am very hesitant at this point to continue trading my live account with them. Customer service is non-exsistant, however VT Cms software support is extraordinary Don't trust these guys any longer. I agree with most of the negative opinions shared by other CMS clients. You will lose all your money! They will delay or not execute your trade when you have a profit, but will execute immediately when you have a loss. Trading desk will nail you when they can. For sure stop hunting. Forget about trying to trade in fast moving markets - a box pops up asking you to accept another price that is against you, often by a wide margin. Poor and cms rather offensive support. CMS has good charting and I acknowledge that, but I remember that one day there was a new technical analysis tool added to my chart at that time I had about 20 chart open with a couple of technical analysis but I minimized them and I had four opened on my two screens. I couldn't find it on the list of the technical analysis but Forex had it. Then I duplicated many charts from the original since I couldn't add it. My laptop got slow for a week after I duplicated and hidden that tool. Then they fried my hard drive reviews they couldn't take that tool away from me. That's what happened to me and I just wanted to share it with you guys. That technical analysis tool showed entry and exit point on the chart with blue and red arrows and every time these arrows popped up it made a small ring sound and it was quite accurate tool to have. If you have a Stop Loss they will find a way to hit it and then tell you all kinds of lies to explain why it got hit. Nobody speaks english there. They'll rip you off. Stay away, far away from CMS. CMS has the best graphs but they WILL rip youoff sooner or later. I am a professional broker with ove clients, every one of them who tradED with CMS has been ripped off - some even lost everything. Don't be fooled, CMS is not only the worst, they are the most dangerous to put real money with. Just wish someone like FXCM would buy them out and run it responsibly. Everything FXCM has to offer in the way of charting sucks. Reviews they'd smarten up. Takes three days to post funds. Their software has so much potential. New bugs continually popping up. They rarely take responsibilty. After 3 reinstalls it's time to move on! Never trusted the software enough to trade live. Extra funds are not required when you hedge in their platform. When asked when they would have it fixed, was told it will be updated with the "next release" of their software. This was not a demo account. I found out their hedging feature did not work AFTER I was in a live trade. Ended up having to close the trade and take the loss. Orders go through but don't show in position window. Sorry doesn't fix the hole in my pocket. Customer service was very rude. Nice charts but moved my account to GFT. At least they're honest with me and their platform is stable. I know reviews are a MM, but at least they are honest about making the other side or passing it on to the banks. I do have to admit during market news I could not place a forex order but the execution is great always got execute correctly when my orders were in. I dont know about staff never really talked to them much so can't really say. Once I got disconnected, didn't affect my orders though so I cant really say anything bad about them. You will lose all your money sooner or later, probably sooner. They do manipulate quotes, they are about 2 seconds behind everyone else. Use OANDA or Alpari instead. Use the platform for trading a demo and to use the charting platform, but NEVER trade real money, you WILL lose everything due cms problems sooner or later. CMS boots all smaller accounts off their servers as soon as volatility picks up pace, right when you need problems the least. Good luck if you get any of the staff to help you with anything serious! Although the charts are excellent they havent got their basics right auch as easy access to a activity statement. Software functions are good but performance is horrible. But server not stable. Good chart system, high leverage, hedge without additional margin cons: While the industry standards for the retail trader have improved due to a realization on the part of the broker that a happy customer is actually a good thing, there are a few brokers out there who just don't get it. CMS is one such broker. Their platform crashes on a regular basis and they refuse to admit it. Their trade execution during volatile periods is horrible. Their customer service people have become more polite, but no more effective than their rude predecessors. Top Traders on Twitter. Subscribe to receive free offers and new features - Read Latest Newsletter Email:. Read IronFX User Reviews. Choose from a multitude of forex traders. Open a free demo or live account with a featured forex broker. Copy the trades of expert traders automatically on your own account. CMS FOREX is the worst ever i had problem from closing position to customer service until reviews had just give up and close my account i have lost too mush money with those cause of there trading platform. Good platform, but they stole my money. I reviews money for doing nothing. Stay away from them. If the ratings were just about how cool the website is then CMS would have received a higher rating. Again Buyer Be Ware!!!! So far so good with CMS. I've had an account with this broker for 2 years. For this broker the spread they offer is irrelevant. I've put 3 long years into CMS's VT trading system software. The Dealing Desk is constantly trading against you. I don't know how they did it but they fried my hard forex. Dishonest to the point of being criminal. The worst customer service you could ever get. I'm trading live with them for 3 years now: Best charting around, free or not. Very good platform, possibility for personal trading systems, service is solid, no change spreads at news. Account service need improvement. Glitchy software VT 1. Their platform hedging feature does not work. Admit to platform problems but won't take responsibility when the platform crashes. It's funny cuz I've been using them for about a year with live money and never seen any problems with connections or non executions as everyone say's here Don't even think about trading with them While I really like the VT Trader platform, the service provided by their account executives was very poor. Great first impression and fairly good news and charting, but this firm has SERIOUS connectivity problems once you start trading real money, they have cms failures to execute orders, stops and limits and their staff are ALL foreign ex commie eastern europeno one can speak english properly, they're all rude and no one will EVER solve a problem. Fantastic platform for "Phoney Money" but VERY dangerous for any real money. Fairly good service but they can get better. CMS and GFT are the best for me, the two mentioned have an excellent platform, with charts, and the customer attention is good too.
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