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CMSTrader

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Operating status: SCAM

Website: http://www.cmstrader.com

Broker violations and abnormal records
  • Jul 07, 2022 BrokersView has Found that CMSTrader is not Working

    CMSTrader claimed to be registered with Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) with license number 1606IBC2018. However, We can not find any matching result in SVG FSA. CMSTrader is not registered with SVG FSA now. 

    On 8 Jul 2022, BrokersView found the domain http://www.cmstrader.com is not working, as most probably it was suspended and it is always a bad sign that broker's website is suspended.

    It is possible that CMSTrader is a scam. 


    CMSTrader claimed to be registered with Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) with license number 1606IBC2018. However, We can not find any matching result in SVG FSA. CMSTrader is not registered with SVG FSA now. On 8 Jul 2022, BrokersView found the domain http://www.cmstrader.com is not working, as most probably it was suspended and it is always a bad sign that broker's website is suspended.It is possible that CMSTrader is a scam.

Related Complaints

Q&A

Is CMSTrader a scam?

NeoBeum
Missoula
Apr 07, 2023
ANSWER CMSTrader is a scam broker whose domain is for sale currently.As per information we have, CMSTrader claimed to be registered with Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) with license number 1606IBC2018. However, our search for this broker in SVG FSA registry did not yield any results. In addition, CMSTrader's domain is for sale now, which is a red flag, as a website of a broker is necessary for displaying regulatory status and facilitating trading.Regarding your question, CMSTrader is a scam subject to no rule and oversight. Letting this broker hold and control your funds or trading with it is very risky, as there are no safeguards in place to prevent fraud or theft. Therefore, we strongly suggest investors avoid unlicensed brokers like CMSTrader and opt for fully regulated ones instead.
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2 comments

Con Spiros
a guy named David Mill from CMSTraders called me and told me that i opened an account with them, i argued with him but being a newbie I knew nothing. so he convinced me to activated my account with $500 that they gonna make some money for me and i made the deposit.The next day a guy named Stephen Black called me and said he is my account manager. he made a little profit with my capital and convinced me to make another deposit of $1500 to stand a better chance of making more profit and i made the deposit. he made a total profit of $1000 and yet requested for another deposit. that did not stand well with me and i refused. Then he stop doing anything with my account.3 months later i requested for a withdrawal but i had no feedback from them. I decided to contact Stephen Black using whatsapp but he became rude to me saying that I am pushing him and that i should not disturb him when he is making money for other people, he stopped responding to my texts. i tried contacting the company but their phone is dead, i emailed them several times but no feedback from them.PEOPLE BEWARE OF THIS SCAM COMPANY!!!
Feb 25, 2023
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Bless
Avoid this company, its fake and all the people who work for them are fraudsters. I am a single mom of two and during this quarantine it has been hard to make money since i lost my job. I decided to try trading online, the worst mistake i made was picking this company. They are very unprofessional, they give wrong information and they are very pushy, i was misled many times with wrong information and when i made a request for withdrawal, they just gave excuses and asked for more money. It was ridiculous.
Dec 30, 2022
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