Editor’s Verdict
Overview
Review
Headquarters | United Kingdom |
|---|---|
Year Established | 1999 |
US Persons Accepted? |
CMS Forex is a Forex trading site based in New York. It was founded in 1999 by successful Forex traders and brokers, and software developers. CMS Forex has affiliate companies around the world, including Bermuda's Capital Market Services International, CMS Forex Japan, and CMS Forex UK. CMS Forex trading relies on the VT Trader 2.0 platform, which is customizable software to accomidate Forex professionals as well as those newer to Forex trading. CMS Forex offers both practice and live accounts with which to trade currency in real time, as well as education for newcomers to Forex trading. The education portion of the CMS Forex site offers information to guide you through each step of using the site. There are several pages dedicated to teaching the user the basics of Forex trading before opening a practice account, which detail exactly what Forex trading is, and the benefits of trading Forex over trading stocks. Additionally, the site gives an overview of fundamental and technical analysis of Forex trading. Finally, CMS FX site provides a tutorial on how to use the VT Trader 2.0 software to trade Forex. For those who had opened a practice account and are looking to switch to a live account, there is a guide outlining what to expect in the transition from trading practice money to real money. The site outlines common changes in conditions that can occur within the live market that cannot be duplicated in a demo, to prepare the user for potential changes in outcomes experienced in the live market. Additionally, CMS FX provide advice on handling the emotional changes that can occur in trading life currency, and how to this can affect trading. For further help in managing Forex trading, CMS Forex offers 24 hours live chat with professionals, as well as customer service phone lines to ensure a positive consumer experience on the site.