CMSTrader is a Forex broker that offers several products including CFDs, Commodities, Indices, Precious Metal, and 120 Currency Pairs. It is headquartered in London, New Zealand.
Is CMSTrader Legit?
CMSTrader claims to be registered by the Estonian Financial Supervision Authority (EFSA). But our investigation has proved it to be otherwise and also the authority says CMSTrader has been providing financial services or products in the country without their permission. It has received numerous complaints and warnings from the Financial Conduct Authority (FCA), Ontario Securities Commission (OSC), and Financial Markets Authority (FMA).
Is It Safe To Invest With CMSTrader?
Dealing with an unregulated company like CMSTrader increases the risk factor of your money. Once the money is deposited with it, it stops responding to the queries. Many traders have also filed complaints against this broker. Therefore, we do not recommend you to invest money with CMSTrader.
How To Get Back Your Scammed Money From CMSTrader?
If under any circumstances you have been frauded by CMSTrader, you can report against it with any of the fund's recovery companies listed with us. They will help you to get all your money back