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CMS Forex

Note: The following information has not been updated by the vendor since 01/15/10.

Address:350 Fifth Avenue, Suite 6400
New York, NY 10118
Phone # for sales: 212 563 2100 x 622
Additional Phone #: 212 563 2100 x 600
Fax: 212 563 4994
Website: www.cmsfx.com
Click link to request additional product information.
E-mail address: info@cmsfx.com

CATEGORY: BROKERAGES

General Information | Account Information | Features | Additional Comments

General Information TOP

Brokerage name: CMS Forex
Minimum account size: < $1000
Base commission rates: < $4
Brief explanation of margin rates, if applicable: 

There are three different leveraging options. OPTION 1 (default): # of Standard Lots Margin Req. per 100K Lot* (USD) 0 - 3 $250 3.1 - 10 $500 10.1 - 50 $1,000 50.1 & up $2,500 OPTION 2: # of Standard Lots Margin Req. per 100K Lot* (USD) 0 - 50 $1,000 50.1 & up $2,500 OPTION 3: Flat $2,500 margin requirement per Round Turn 100K Lot.* *Note: Margin is 1/10 of the stated values for 10K mini-lots.
This brokerage has been in business for: 5-10 years
Primary type of broker: Forex
Brief description of services offered: 

Since its founding in 1999, CMS has striven to serve the emerging retail segment of the Forex community. Through a staunch commitment to technological innovation, fair dealing practices and excellence in customer service, CMS has become a major force in today's Forex landscape.

Account Information TOP

Types of trading accounts offered: 
  • On-Line Discount Broker
Customers online account information is updated: Up to the minute
Types of trades offerered: 
  • Forex
Other trade types: N/A
Types of quotes offered to customers:  N/A
Execution methods offered: 
  • Online Broker(trade desk)
  • Broker
Exchanges covered:  N/A
Setup or initial costs to set up an account: 0

Features TOP

Types of services offered to customers: 
  • Technical Analysis
  • Fundamental Analysis
  • Basic -charts & graphs
  • Advanced- charts & graphs (technical indicators, ability to change parameters, etc.)
  • Trading software- charts & graphs (create trading systems, scan and sort based on technical criteria)
  • Head line news
Ways customers can access their trading account: 
  • Internet
  • Telephone
  • Mail
Allow stop, limit, and stop limit orders? Yes
Charge extra for stop, limit, and stop limit orders: No
Offer 24 hour customer support: Yes
Offer tax planning advice: No

Additional Comments TOP

Special features included in the service are: 

Free VTtrader platform, free daily/weekly/monthly commentary/analysis, interest on unused margin, rebates for large volume trades
This broker's service is better than the competition in these areas: 

Trading platform, Customer service, Fair dealing practices
Types of security precautions taken for customers: 

Rigorous compliance procedures (NFA/CFTC regulated), Client data backed-up regularly
Communications during systems failures has been assured through: 

Redundancy in telephone and internect connectivity
The major plans for upgrading the current level of trading service are as follows: 

CMS constantly updates its systems, trains its personnel, and improves its software.

General Information | Account Information | Features | Additional Comments

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