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CMSTrader
Regulators: SVG FSA
http://www.cmstrader.com
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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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.


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