CMSTrader Review | Forex Broker Review
CMStrader provides satisfactory trading services for traders on a lower level of traders
If you are fully educated professional trader, then Is there better alternatives. But if you are beginning trader this option is as good as it gets.
They have their version of the Sirix trading platform, which they offer through a web based, mobile station and a desktop version. They have all the instruments one might expect for company like Forex Exchange, the silver, gold, oil commodities, indices, and cryptocurrency.
CMS Trader Special Feature
They have one of the best if not the best forex trading signal services out there, which they offer for free to their traders.
The signal service, which is likely a suggestion service. lets the new traders get an when it comes to trading. They can use it to test their own strategies, and they can actually use it to make profits.
Now, no signal service is perfect all the time, you play the statistics If used correctly you will be in the profits by using their sequence. If you don’t wanna use it to make money. Then just make sure that you can use it in order to check your own strategies.
CMSTrader Trading Platform
CMStrader offers the Sirix Trader platform from Leverate.
This tradig platform is available as a browser based platform, and in addition versions of the platform exist for both mobile and tablet devices.
The CMSTrader trading platform is very easy to use and easier to navigate. You will find yourself going through all the instruments available to trade on the platform without any difficulty.
The platform has clearly been designed for the new traders as it is very intuitive . Adding indicators to the charts takes only a couple of clicks . It is also possible to add a number of charting studies including Fibonacci extensions and projections to the platform ,
In short it is not metatrader 4 and does not try to be , it has sits own identity and i am very sure the are many traders that would like to use this platform especially for those reasons
CMSTrader Social Trading
In today’s world there must also be a way to trade social, and so social trading has taken off a couple of years ago. It becomes increasingly mature and more and more brokers are offering it.
CMS trader offers is it through their trading platform. their solution for social trading is this mature as most other solution out there. You able to find those traders are successful, You are then able to copy those specific traders . This means that you see people that are actually trading and doing it the right way.
You can one learn what they are doing by copying what they’re doing directly on the platform.
You can do this also automatically which I do not really recommend. Because the moment you do you basically have a money manager that he’s not responsible for your account. On the other hand, if you are new to trading, social trading is an amazing tool and will help you get better.
It’s simple, it’s very intuitive. It makes perfect sense for most of the generation that was that grew up on social media. Is a feature that you as a trader? Absolutely have to investigate? And you will get to the conclusion, the same as I did, that there is value in social trading that it gives you certain insights that you might otherwise not have seen.
CMStrader Trading Accounts Types
The broker office 4 different trading accounts. Free regular accounts that are you Mini, silver and gold account and they also offer Islamic accounts.
- The mini account requires a deposit of minimum $500.
- The silver crown requires a minimum deposit of $10000.
- The premium gold account requires a minimum deposit of $50,000
and the Islamic account is for traders that followed the Sharia Law of financial trading. To sign up for this account, you have to talk to your account manager.
When you open a mini account, you have immediately access to their webtrader platform. He can trade there with more than 100 different currency pairs. The $500 minimum deposit is somewhat on the high side. On the other hand, there is no profit to be made on any deposit less than this.
And this amount gives you enough to take advantage of all their tools and is a good amount to start on social trading. If you want to test the broker, then this is not the account for that. You have the demo account to do this. This is the account is perfect for beginning traders that are afraid of losing too much money knowing that they still have a lot to learn.
With the silver trading account that requires you to deposit at least $10000, you have immediately access to the trading floor. At the same time, you also get access to training experts and you’re able to actually trade over the phone in direct consultation with the experts.
And then there is the Premiumgold account, which requires the largest investment. This account gives you direct access to the trading floor and gives you additional training tutorials that will take your trading to an even higher level. In addition, you are invited to discuss your investment objectives with the experts of the brokerage and they will create get with you, a customer service in trading plan in order for you to reach these goals.
CMStrader Educational tools.
Besides the Social trading solution this broker takes education seriously. You will be able to experience this through their courses, which is quite extensive as well as their demo account, which allows you to practice your training and develop your own strategy.
Their educational tools additionally exist out of E books and trading guides. They provide you with daily market indicators and trading signal reports. In short, like mentioned before this broker is absolutely perfect for those traders that are new to the industry and are looking to develop themselves to become better.
CMSTrader offers 24/7 client support directly on the website through live chat, telephone, FAX and email in English, German, French and Arabic.
However, the CMSTrader platform is offered in English, Arabic, Spanish, Italian, Russian and French languages.