CMS Forex is rated by many as one of the leading Forex brokers. The brokerage firm was founded in 1999 by professional forex traders, software developers, and forex brokers. The firm strives to offer quality execution, competitive services, and dependable customer support to its clientele.
Based out of New York, CMS Forex and its affiliates have offices in London, Boston, Tokyo, Bermuda, Saint, Petersburg, and Shanghai. The firm intends to serve both the retail and institutional segment of the Forex community. It also provides the option of opening a free practice account so that new and hesitant users can experience the Forex market risk-free with VT TraderTM 2.0.
CMS Forex is a registered Futures Commission Merchant, a Forex Dealer Member of the NFA (National Futures Association) and is registered with the CFTC (Commodities Futures Trading Commission), which is an agency of the United States government. CMS Forex has always been a strong proponent of Forex industry regulation and is a registered Futures Commission Merchant (FCM) and a Forex Dealer Member (FDM) of the National Futures Association (NFA) (Member ID: 0313199). CMS Forex is also registered with the Commodity Futures Trading Commission (CFTC) an agency of the U.S. government and the Financial Services Agency (FSA) of Japan, two prominent regulatory bodies.
The Forex firm offers Universal (trade mini and standard lots from same account) accounts and the minimum account size is $200 with spreads of 2 pips for EUR/USD and USD/JPY pairs. Investors can make use of the sophisticated and user-friendly trading software offered provided by the firm, which is known as VT TraderTM. It offers customer support (24 Hrs Sun. 5:15pm - Fri. 4pm EDT) and the office is closed on weekends and on Christmas and New Years Day.
U.S. and U.K.
VT Trader Trading Platform offers commendable support through customizable interface, custom indicator support, risk management tools, custom market alerts, and forex Autopilot for automated trading.
Yes Pairs offered: 40+ includes Gold and Silver
Type of spread
As low as 1.4 pips
Mini account size
$200 USD Standard account size: $200
Smallest lot size: 10,000
Smallest lot size
Swap free accounts
1. VISA and MasterCard credit cards
2. PayPal, using either your PayPal account, bank account, or credit card
3. Transferring funds electronically via BPS
5. Account funding by one of 8 currencies via wire transfer
From 1:40 to 1:400
Empire State Building, 350 Fifth Avenue Suite 6400
City: New York
State: New York
Country: United States Of America
1 (212) 563-4994
1 (212) 563-6454 or 1 (212) 563-5151
From 5:15 p.m. EST on Sunday until 4 p.m. EST on Friday.