CMSTrader is an infamous Forex brokerage firm established in 2013. It offers various financial instruments in multiple classes for trading. The entity does not support the MT4 platform, instead works with the Sirix trading platform. The minimum deposit is $500 and claims to have offices in Australia, Bahrain, UK, and Singapore.
Is CMSTrader Regulated?
CMSTrader is an unregulated platform owned by Pandrox Ventures Ltd., presumably based in the UK. The entity is unclear about its regulations, although it claims half-heartedly to be regulated by VFSC. There is no legal evidence to prove the claim.
Is Investing With CMSTrader Safe?
CMSTrader is a dubious platform. It has gained a decent reputation in its initial stage, but the lack of proper regulation creates a sense of uncertainty among the investors. Hence, we recommend being cautious while associating with CMS Trader for investment purposes.
What If CMSTrader Scams You?
As per available information, CMSTrader has received mixed reviews from the investors. The Financial Conduct Authority (FCA) of the UK has issued a serious warning against the entity. If you feel being deceived by CMS Trader, approach us. We will assist you to recover your lost funds.