Dishonest to the point of being criminal. If you have a Stop Loss they will find a way to hit it and then tell you all kinds of lies to explain why it got hit. A DANGEROUS BROKER. Please stay away.

- Reviewed by pippeteer, February 8, 2008. Rating = 1/10

The worst customer service you could ever get. Nobody speaks english there. They'll rip you off. Stay away, far away from CMS.

- Reviewed by John, December 7, 2007. Rating = 1/10

I'm trading live with them for 3 years now: nice leverage, nice charting platform, fair rates.
Cons: unstable connectivity; useless customer support.

- Reviewed by camisa, October 2, 2007. Rating = 7/10

Fantastic platform.

- Reviewed by voky, September 12, 2007. Rating = 10/10

Great customer service, fast wire transfers.

- Reviewed by pips_away, August 31, 2007. Rating = 8/10

Are you kidding? CMS has the best graphs but they WILL rip youoff sooner or later. I am a professional broker with ove 300 clients, every one of them who tradED with CMS has been ripped off - some even lost everything. Don't be fooled, CMS is not only the worst, they are the most dangerous to put real money with.

- Reviewed by RockJaw, August 25, 2007. Rating = 1/10

Best charting around, free or not. Just wish someone like FXCM would buy them out and run it responsibly. Everything FXCM has to offer in the way of charting sucks. Wish they'd smarten up.

- Reviewed by ok, August 24, 2007. Rating = 2/10

Very good platform, possibility for personal trading systems, service is solid, no change spreads at news.

- Reviewed by Thomas, June 14, 2007. Rating = 9/10

Nice platform...big betterment.

- Reviewed by Juugy, June 11, 2007. Rating = 9/10

Account service need improvement. Takes three days to post funds. Trading system is very good but hard to excute trades at times given connectivity/ trade execution delay.

- Reviewed by Mac, June 8, 2007. Rating = 9/10

Bad Service, Bad spread, Unstable platform.

- Reviewed by MonteChristo, June 6, 2007. Rating = 1/10

Buggy, buggy, buggy. It's a shame. Their software has so much potential. New bugs continually popping up. They rarely take responsibilty. Standard solution: reinstall. After 3 reinstalls it's time to move on! Never trusted the software enough to trade live.

- Reviewed by VT, May 26, 2007. Rating = 4/10

Can't trade the news....

- Reviewed by brooks79, May 5, 2007. Rating = 5/10

Nice platform but bad connection.

- Reviewed by minime, May 4, 2007. Rating = 5/10

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2007/08 CMS Forex Ratings
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2006/07 CMS Reviews

Very good trading software.

- Reviewed by e-boarder, February 15, 2007. Rating = 10/10

Glitchy software (VT 1.8.x) they don't accept responsibility for, agressive and non-friendly customer support, dead servers at news release time.

- Reviewed by Customer, November 15, 2006. Rating = 1/10

Their platform hedging feature does not work. Message: Insufficient funds. Extra funds are not required when you hedge in their platform. When asked when they would have it fixed, was told it will be updated with the "next release" of their software. This was not a demo account. I found out their hedging feature did not work AFTER I was in a live trade. Ended up having to close the trade and take the loss.

- Reviewed by lotusbee, November 6, 2006. Rating = 1/10

Admit to platform problems but won't take responsibility when the platform crashes. Orders go through but don't show in position window. Sorry doesn't fix the hole in my pocket.

- Reviewed by dirtydog, October 31, 2006. Rating = 1/10

Used their demo for a year averaging over 30% a month. Then opened a live account and barely got 20% because of poor execution and server problems. Customer service was very rude. Nice charts but moved my account to GFT. At least they're honest with me and their platform is stable. I know they are a MM, but at least they are honest about making the other side or passing it on to the banks. (ie, if you make a good trade it will be passed on, if not; they're going to take the other side.)

- Reviewed by 2wheel, September 21, 2006. Rating = 1/10

It's funny cuz I've been using them for about a year with live money and never seen any problems with connections or non executions as everyone say's here... I do have to admit during market news I could not place a stop order but the execution is great always got execute correctly when my orders were in. I dont know about staff never really talked to them much so can't really say. Once I got disconnected, didn't affect my orders though so I cant really say anything bad about them.

- Reviewed by Liger, September 19, 2006. Rating = 8/10

Don't even think about trading with them...their servers shut down in a fast market, and they trade against their customers. You will lose all your money sooner or later, (probably sooner). They do manipulate quotes, they are about 2 seconds behind everyone else. Use OANDA or Alpari instead.

- Reviewed by Invictus, August 9, 2006. Rating = 1/10

While I really like the VT Trader platform, the service provided by their account executives was very poor.

- Reviewed by FxTrader, August 3, 2006. Rating = 2/10

Good chart, poor staff.

- Reviewed by Omar, July 31, 2006. Rating = 5/10

Great first impression and fairly good news and charting, but this firm has SERIOUS connectivity problems once you start trading real money, they have frequent failures to execute orders, stops and limits and their staff are ALL foreign (ex commie eastern europe), no one can speak english properly, they're all rude and no one will EVER solve a problem.
ADVICE: Use the platform for trading a demo and to use the charting platform, but NEVER trade real money, you WILL lose everything due to problems sooner or later.

- Reviewed by RockJaw, June 22, 2006. Rating = 1/10

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2006/07 CMS Forex Ratings
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2005/06 CMS Reviews

Fantastic platform for "Phoney Money" but VERY dangerous for any real money.

The CMS staff do NOT want to know about ANY of your problems and you WILL have SERIOUS problems trading real money ESPECIALLY when you need it least, namely when the volatility is high.

CMS boots all smaller accounts off their servers as soon as volatility picks up pace, right when you need problems the least. Good luck if you get any of the staff to help you with anything serious!

Rating = 1/10 - April 28, 2006

400:1 leverage, their platform is very good but their server is a bit slower lately.

Rating = 8/10 - April 15, 2006

Server too bad and requote.

Rating = 1/10 - April 9, 2006

Fairly good service but they can get better. Although the charts are excellent they havent got their basics right auch as easy access to a activity statement. Software functions are good but performance is horrible.

Rating = 7/10 - February 14, 2006

CMS is by far the best Forex platform for the retail trader.

Rating = 9/10 - January 11, 2006

Good charting tool! But server not stable.

Rating = 8/10 - December 30, 2005

Pros: Good chart system, high leverage, hedge without additional margin
cons: weak server, no close stop/limit from current price, no proxy friendly software

Rating = 3/10 - December 4, 2005

I have experienced all of these brokers (CMS, FXCM, GFT, Oanda & Refco FX) with both live and demo trading. While the industry standards for the retail trader have improved due to a realization on the part of the broker that a happy customer is actually a good thing, there are a few brokers out there who just don't get it. CMS is one such broker. Their platform crashes on a regular basis and they refuse to admit it. Their trade execution during volatile periods is horrible. Their customer service people have become more polite, but no more effective than their rude predecessors.

Rating = 1/10 - November 8, 2005

CMS and GFT are the best for me, the two mentioned have an excellent platform, with charts, and the customer attention is good too.

Rating = 10/10 - November 3, 2005

CMS has the best free charting system I've seen so far.

Rating = 8/10 - May 13, 2005

It is not possible to be worse than them in customer service.

Rating = 1/10 - May 4, 2005

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2005/06 CMS Forex Ratings
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2004/05 CMS Reviews

Amazing trading software and also completely free!

Rating = 10/10 - Feb 19, 2005

By far the best trading platform.

Rating = 10/10 - Feb 12, 2005

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