When a team of professional traders, brokers and IT developers got together in 1999 they spawned CMS Forex and since that time the New York-based company has grown to become one of the world’s largest brokers.
With more than a decade of experience in the Forex world, CMSFX.com became an introducing broker for Gain Capital in 2010 and is now able to offer users access to a much larger FX platform. Indeed, accessing this increased liquidity means a greater amount of options for traders when looking for currency pairs.
CMSFX.com’s Special FX:
CMSFX.com has done its best to create a virtual FX brokerage that offers something different. Although users can access the commonly used MT4 platform, the VT Trader is an advanced option that gives them a number of ways to achieve success.
Beyond this defining factor, CMS Forex has a footing in three major financial markets – the US, UK and Russia – and users are able to operate their account in one of eight base currencies. This option is a fantastic way to alleviate their exposure to exchange risk when depositing and withdrawing their funds.
For first timers and professionals alike the FX market is made wholly more accessible and profitable by CMS Forex.
In addition to the more common MetaTrader 4, CMS Forex uses VT Trader as one of its trading platforms. Depending on which access point they desire, users can choose from one of two accounts at CMS Forex:
Practice Account: With this option a novice trader can take charge of a $50,000 virtual bankroll and begin their trading journey. With direct access to the live currency exchange market, this account is the perfect proving ground for those who want the thrill of the FX market without the financial risk.
Real Money Account: Once a user has graduated to a real money account they can begin to harness the power of VT Trader 2.0 to conduct FX trades. This advanced platform allows them to carry out chart based trading which means trades can be executed quickly before the market shifts.
Moreover, this platform allows users to set customisable stop limits and offers more than 110 technical indicators to help improve their success rate.
No matter whether you’re using VT Trader or MT4 there is access to 50 currency pairs on CMS Forex. Spreads on these pairs start from 0.9 pips and the maximum leverage on major pairs is 1:50, while minor pairs offer a leverage ratio up to 1:200.