Comments on: CMS Forex Review

By: themis

themis — Wed, 23 Jun 2010 06:08:57 +0000

they shut off their servers one hour before closing fx markt ( wrote market is close when is still one hour open!!!!!!! )and on 17 minute after opening

By: Gary

Gary — Tue, 25 Aug 2009 02:15:49 +0000

Gary…

I was looking for some info and came across your blog post. Now must run, will come later to discuss….

By: Forexfires.com

Forexfires.com — Fri, 21 Aug 2009 16:08:29 +0000

Great read, thanks

By: mickey

mickey — Thu, 30 Apr 2009 11:01:56 +0000

Stay Away!!!! No chance you will win money with CMS. 100 % manipulating against you. Always delayed execution when you’re winning and want to get out. Worse, they don’t execute it at all when you’re really ahead. When you’re losing money to them, execution is always immediate though. I’ve experience them all. Have a chart from another broker running at the same time, and you will notice the delay chart/data manipulation from CMS. Give your money to donation, it wll be a worthier cause than giving to CMS!!!

By: Patrick_uk

Patrick_uk — Sat, 17 Jan 2009 20:37:17 +0000

This platform is brilliant – trade straight off the chart, all with visual indicators. I use ‘CMC Markets’ and dont get on with them at all and then saw ‘VT Trader’ with CMS and was blown away with its intuitive interface and ease of use. I would love to use this platform but am really put off by all the horror stories I have read. (Not only here btw – other forums and review sites uttery ‘pan’ CMS). I have never had a connection problem with the demo account but that is not where it counts!
I am looking to find out if any other brokers use this platform.

By: forex_user

forex_user — Mon, 24 Nov 2008 10:48:07 +0000

you find all information about foreign exchange market (Forex Trading, Forex Broker, Forex
Software and more) in the blog:
http://www.forextrading24.de

By: Wong Sheng

Wong Sheng — Sun, 10 Aug 2008 14:48:36 +0000

I opened a live account with CMS and experienced all the “connection lost” problem during peak hour. I funded my account more than 5 times.
Eventually lost all of my hard eaned money because of connection lost problem.
Initially, I thought connection problem happened because I was connected from Malaysia, but now it is clear now.

Thanks.

By: tim maguire

tim maguire — Wed, 06 Aug 2008 00:39:33 +0000

Basically the same here, TJ. I opened an account today but have not funded it yet. Yikes! But I love the platform. Could they really be that bad?

By: professional

professional — Mon, 04 Aug 2008 00:51:22 +0000

Hello. I think you are eactly thinking like Sukrat. I really loved the post.

By: TJ

TJ — Sat, 26 Jul 2008 19:07:00 +0000

Wow. I was just filling out the new acct app online because I really like the platform and in the app the spreads that they were asking me to accept were all 1 pip larger than what I saw on the site. So I closed the app and started looking around again and here you are. Did I almost step into it or what.

So where can I find a broker with a comperable platform and fair win/win relationship with traders. A little kindness would be nice as well?

Is anyone happy with their broker? I saw some Swiss brokers but the acct open was a little steep with wide spreads. Any referals?

Thanks for the warnings!!!

By: Sonny

Sonny — Tue, 29 Apr 2008 20:12:39 +0000

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By: John

John — Sat, 12 Apr 2008 13:33:29 +0000

TO Roger Martins

I find it very amusing you speak of losing money. Only because you are obviously a racist and in my eyes deserve it. Here are a few facts for you. America has the most forex brokers so why cant you find a good service if americans are so much better than rag heads as you call them or eastern europeans??? I think it is your in-ability to trade that is the big issue. That shows in your posts thru your personality!!!! Few more facts. America has more obese people than any other country. America has more mentally ill people than any other country. America also has more cancer and nuclear weapons than any other country. So go figure you are the fatest, most unstable mentally challenged cancer ridden nation ever known to man and someone thought it was sensible to put you in charge of nuclear weapons???? What gives you the right to put down people from other nations when statistically your nation has so many problems??? Also a slight observation but last time I looked at a map switzerland was eastern european???? You complain but your still with a broker that is in the east of europe. LOL

By: Marthoner

Marthoner — Sat, 22 Mar 2008 03:44:19 +0000

I would like to thank everyone for your reviews. I have a demo account with CMS and a beginning trader and have been debating whether I should open an account with CMS and now I am positive I will not open an account with CMS.

By: Al

Al — Fri, 14 Mar 2008 06:17:08 +0000

I have traded with CMS for nearly a year now. I agree there is multiple disconnects, even when not busy with news. But I haven’t been able to test whether my wireless connection is lost or it is their software. I do suspect their platform however. I have had one good thing with them. I had a trade close on me and when I called to see what was up,(indeed a foreign speaking man) put me back into a profitable trade. I don’t know what to do, cause as a few have mentioned before, I have read bad reviews on every trade firm I investigate. Who can tell me which one has zero?

By: Troy

Troy — Mon, 03 Mar 2008 23:01:04 +0000

Yeah well, I *unfortunately* can confirm everyone’s horrible experience with CMS; particularly with platform and Richard Kichenama.

I wish I had read this previous to opening an account and referring all my clients to them.

We’re all going back to Oanda where no such problems exist and the customer service is impeccable.

By: Dim from Free Forex Trading Tips

Dim from Free Forex Trading Tips — Sun, 20 Jan 2008 18:30:23 +0000

Another issue is that CMS in its history was likely to do changes in the trading rules, without prior notifications of the clients. Surely they had some reasons for that, but when you are in the middle of the trade – this can make you problems.

By: ST

ST — Thu, 27 Dec 2007 03:58:31 +0000

I can verify all the negative points that is said about CMS.

I also signed up a live trading account only to experience the stop-hunting spike up to the exact price point and the server disconnections despite the assurance that the live server is very stable before I opened the account.

I had naively bought their excuses and sent money a second time only to lose them all again with the same things happening.

It’s no longer a question of whether CMS is a scam or not. The question is, what are they doing in the US and why are they still operating, and why isn’t anybody taking them down hard? They are using the US name to give themselves credibility and everybody’s just feeding these criminals with their own money and letting them grow bigger and more powerful.

By: Viktor

Viktor — Mon, 26 Nov 2007 19:29:39 +0000

With all the negative reviews for this platform. Does anyone have any suggestions for a better platform?

By: chris

chris — Fri, 26 Oct 2007 23:31:31 +0000

WTF im just pissed off how do u find the truth about opening up an account i wonder what kind of bonus u get if you work for such and such forex broker u turn in all the bs about how good its been trading w/ the firm u work for all just bs im pissed i love trading but who the hell do u trust out here confussed

By: Brian Howard

Brian Howard — Fri, 24 Aug 2007 23:13:30 +0000

I have read the reviews on this site with some considerable relief.

I hope many more people are forewarned about CMS BEFORE they lose all their money.

On August 23rd 2007 a few of my clients were trading on CMS when the JPY tanked in a spectacular spike in the GBP/JPY. Every client of mine who trades with CMS (against my strongest objections) was caught with a suspicious “technical fault” which lasted 9 hours, exactly the amount of time for the spike to retrace back to the price it was at when the CMS platform dived. Each client actually telephoned the CMS dealing desk to close their positions, they were all assured that their positions would be closed BUT – you guessed it, when the platform came back up they were all wiped out.

Not a single one of my clients was able to raise a single staff member of CMS to sort the problems out, and, eventually, when their chief dealer was finally traced (ext 633 name: Richard Kichenama) he seemed to think there was “nothing extraordinary about the entire fiasco and declined to refund one red cent!

If you trade CMS and survived the “technical fault” on August 23rd you are LUCKY, but, I can confidently tell you that sooner or later CMS will scam you too – it’s inevitable and it WILL happen.

Don’t be fooled by their pretty graphs and flashy websites, these guys are SERIOUS confidence tricksters straight out of the Moscow ganglands. I dare ANYBODY to tell me about a single GOOD experience with these guys.

Thanks Roger Martins and David and others above for the fabulous warning to many other clients of mine who closed their CMS accounts and took my advice to trade at more reputable firms – just in time too because EVERYONE who was still trading with CMS on Aug 23rd is now completely wiped out of their funds.

CMS sucks BIG TIME!! If you don’t believe me, I’ll wait for your turn to arrive and then we can compare notes and see who was defrauded out of the most money.

B Howard

PS can somebody please convince CMS to sue me, I’d love the chance to rip into those Commie bastards.