CMS Forex
CMS Forex was founded in 1999. Based out of New York, CMS Forex and its affiliates now have offices in London, Boston, Tokyo, Bermuda, Saint Petersburg, and Shanghai. CMS Forex strives to serve both the retail and institutional segment of the Forex community.
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), an agency of the United States government. The regulations set forth by these agencies are designed to help ensure the safety of clients’ deposits. Among other things the regulations require that CMS Forex:
- Maintain sufficient liquid capital in excess of the amount required to cover all client deposits, potential fluctuations in the firm’s currency positions and outstanding expenses;
- Does not include any debt outstanding to the firm as part of this capital;
- Subject itself to all relevant laws, rules and regulations as well as stringent Reporting requirements set forth by these agencies;
- Submit financial information to regulatory bodies on a weekly and monthly basis;
- Undergo three scrutinizing annual audits, one performed by an independent financial auditor, one by the National Futures Association itself, and a third independent audit responsible for inspecting the firm’s Anti Money Laundering procedures.
Trading foreign exchange and futures on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange or futures you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange and futures trading, and seek advice from an independent financial advisor if you have any doubts.
- Key Highlights
- Competitive spreads as low as 2 pips
- Real-time trade execution
- Trade mini or standard size lots
- Low minimum deposit
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| Forex | Spread Betting | CFDs | Equities | Futures | Options | Binary Betting |
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| Online Application | Online Trading | Demo Account | Mobile Trading | Charting Package | Trade From Charts |
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| EUR / USD Spread | USD / JPY Spread | USD / GBP Spread | USD / AUD Spread | EUR / CHF Spread | CHF / JPY Spread |
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| Charging Structure | Fee Structure | Maximum Leverage | Minimum Deposit | Other Information | Included in the spread | Withdrawal Fees: If withdrawing by check - $5 Withdrawal Fees: Applies to all withdrawals by a wire transfer. If withdrawing by wire transfer: • For USD Domestic Wires (USA) - $25 • For USD International Wires - $30 • All Other Currencies - $30 | - |
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Broker data last updated on: 18/01/2010
