General Information
Capital Market Solutions Inc. is a global Forex broker providing trading solutions to over 100 countries/regions worldwide. CMS Prime is the trading name of Capital Market Solutions Inc. CMS Prime is a regulated retail forex broker that offers a range of trading instruments, including forex, commodities, indices, and stock CFDs. As a regulated broker, it provides clients with a level of trust and security. The availability of different account types caters to various trading preferences and experience levels. Popular trading platforms like MetaTrader 4 and MetaTrader 5 enhance the trading experience. However, there are some limitations, such as limited information about the licensed institution and the lack of specified spread details for trading instruments, which may raise concerns for some traders. It's essential for traders to carefully consider these pros and cons before engaging with CMS Prime.
CMS Prime's wide range of trading instruments provides traders with opportunities for diversification and capitalizing on different market movements. The broker offers over 40 currency pairs for forex trading, commodities like gold and oil, indices from various regions, and stock CFDs from different sectors. Clients can access these instruments through popular trading platforms like MetaTrader 4 and MetaTrader 5, which offer a comprehensive set of tools and features for analysis and trading. By offering a diverse selection of trading instruments, CMS Prime aims to meet the needs of different traders and provide them with opportunities in various markets.
In terms of account types, CMS Prime offers three options: Standard, Premium, and ECN. Each account type is designed to cater to different trading preferences and experience levels. The Standard account is suitable for traders with a minimum deposit of $500, while the Premium account requires a higher initial deposit of $10,000. The ECN account is designed for professional traders or those with a higher level of capital, with a minimum deposit of $20,000. These different account types provide traders with choices based on their capital, preferred spreads, and other specific requirements.
Pros and Cons
CMS Prime offers a range of advantages and disadvantages for traders to consider. On the positive side, CMS Prime is a regulated retail forex broker, providing a level of trust and security to clients. The availability of various trading instruments, including forex, commodities, indices, and stock CFDs, allows for diversification and the opportunity to capitalize on different market movements. Additionally, the different account types cater to various trading preferences and experience levels, providing flexibility in choosing the account that aligns with individual needs. Furthermore, the provision of popular trading platforms like MetaTrader 4 and MetaTrader 5, along with dedicated customer support during business hours, enhances the overall trading experience. However, it's important to note that specific information regarding the expiry date, address, phone number, and website of the licensed institution is not provided, which may raise concerns for some traders. Additionally, the spread details for trading instruments are not specified, making it difficult to evaluate the competitiveness of pricing. Traders should carefully consider these pros and cons when deciding whether to engage with CMS Prime.
Is CMS Prime Legit？
CMS Prime is a retail forex broker that is regulated by the Vanuatu Financial Services Commission. It holds a Retail Forex License with license number 40437, issued to Capital Market Solutions Inc. The effective date of the license is August 21, 2020. However, specific information regarding the expiry date, address, phone number, and website of the licensed institution is not provided in the given description.
To obtain more detailed information about CMS Prime and its regulation, it is advisable to contact the Vanuatu Financial Services Commission or Capital Market Solutions Inc. directly using their provided email address. Additionally, the licensed institution has certified documents listed as Annex1, Annex2, and Annex3, which might contain further information about their regulatory compliance and operations.
Market Instruments
CMS Prime offers a variety of trading instruments for its clients. Here is a breakdown of the trading instruments available:
1. Online Forex Trading: CMS Prime allows clients to trade more than 40 currency pairs in the online forex market. Traders can access these currency pairs through popular trading platforms like MetaTrader 4 or MetaTrader 5. The liquidity pool is sourced from top tier liquidity providers, ensuring competitive pricing and market depth.
2. Commodities Trading: CMS Prime provides online trading of essential commodities such as Gold, Silver, and Oil. Traders can engage in spot contracts or future contracts. Spot contracts have no expiry date, while future contracts have an auto-roll functionality, allowing for continuous charting and technical analysis.
3. Indices CFDs: Indices are used to track the performance of economies, industries, or sectors. CMS Prime offers trading in a diverse range of indices across the US, Europe, and Asia. Clients can trade indices as cash (spot) contracts or future contracts. Similar to commodities, future contracts have an auto-roll functionality, providing seamless trading and continuous charting.
4. Stock CFDs: CMS Prime allows traders to access a growing list of equities as stock CFDs. Stock CFDs enable clients to buy and sell stocks without owning the underlying assets. Traders can benefit from both rising and falling shares across various sectors such as Technology, Energy, Utilities, Healthcare, Industrial, and Consumer products. Leveraged trading is available, allowing traders to gain exposure to shares with a smaller amount of capital.
Overall, CMS Prime provides its clients with a range of trading instruments, including forex, commodities, indices, and stock CFDs. The availability of different asset classes allows for diversification and the opportunity to capitalize on various market movements.
Account Types
CMS Prime offers three different account types for its clients: Standard, Premium, and ECN. Each account type has specific features and requirements tailored to different trading preferences and experience levels.
STANDARD ACCOUNT:
The Standard account is designed for traders with a minimum deposit requirement of $500. It offers spreads starting from 1.2 pips, providing competitive pricing for trading. The leverage available for Standard account holders is up to 1:500, allowing traders to amplify their positions. The account can be accessed through the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. The minimum trade size for the Standard account is 0.01 lot, enabling traders to execute smaller positions.
PREMIUM ACCOUNT:
The Premium account is suitable for more experienced traders who are willing to make a higher initial deposit of $10,000. This account type offers tighter spreads starting from 0.8 pips, providing better pricing for trades. The leverage for Premium account holders is up to 1:300, allowing for increased position size. The account can be accessed through the MT4 and MT5 platforms. The minimum trade size for the Premium account is 0.01 lot, similar to the Standard account.
ECN ACCOUNT:
The ECN account is designed for professional traders or those with a higher level of capital. It requires a minimum deposit of $20,000. The ECN account offers the advantage of ultra-low spreads, starting as low as 0.0 pips, providing traders with tighter pricing and potential cost savings. The leverage available for ECN account holders is up to 1:200. The account can be accessed through the MT4 and MT5 platforms. The minimum trade size for the ECN account is 0.01 lot, enabling traders to execute smaller positions.
These account types cater to a range of trading preferences, allowing traders to choose the one that aligns with their individual needs, capital, and trading strategies. Whether traders prefer standard conditions, tighter spreads, or access to ECN liquidity, CMS Prime offers different account types to accommodate diverse trading requirements.
Pros and Cons
How to Open an Account？
To open an account with CMS Prime, please follow these steps:
1. Visit the CMS Prime website.
2. Click on the “Open Live Account” button, depending on whether you are opening an account as an individual or a company.
3. Fill in the required personal information, including your first name, last name, email address, and password. Confirm the password to ensure accuracy.
4. Provide your country of residence and select the corresponding country from the dropdown menu.
5. Enter your country code and telephone number in the designated fields. This is the phone number CMS Prime will use to contact you.
6. Choose the desired account currency from the available options (e.g., USD).
7. Read and acknowledge the risk warning that trading Forex & CFDs carries risks.
8. Review the provided information to ensure its accuracy.
9. Click on the “Submit” or “Open Account” button to complete the account opening process.
After submitting your account application, CMS Prime will typically review it and verify your information. Once approved, you will receive further instructions on how to fund your account and start trading. It's important to note that additional documentation, such as proof of identity and address, may be required to comply with regulatory requirements.
Leverage
CMS Prime offers traders the flexibility of high leverage up to 1:500. It is important to note that excessive leverage may increase potential revenue, but may also increase risk.
Currency Pairs & Spreads
CMS Prime provides users with the opportunity to trade more than 50 currency pairs. Each trade involves 10,000 currency units. While the company does not charge transaction fees, there is a spread fee applied, the exact details of which are marked as floating and unknown. CMS Prime offers three account types: Standard, Premium, and ECN. The Standard account requires a minimum deposit of $500, offers spreads starting from 1.2 pips, and leverage up to 1:500. The Premium account requires a minimum deposit of $10,000, offers spreads starting from 0.8 pips, and leverage up to 1:300. The ECN account requires a minimum deposit of $20,000, offers spreads as low as 0.0 pips, and leverage up to 1:200. Each account type caters to different trading preferences and experience levels, providing traders with options that suit their needs.
Pros and Cons
Trading Platform Available
CMS Prime provides traders with two popular and versatile trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms offer a range of features and tools to enhance the trading experience across multiple devices.
MetaTrader 4 (MT4) is a widely used platform that provides traders with numerous analysis tools, Expert Advisors, and Trading Signals. With its user-friendly interface, traders have the flexibility to customize their trades and even execute automated trades. MT4 allows for trading various asset classes, including currencies, indices, commodities, and stocks, all from a single screen. It offers features such as live and demo accounts, one-click trading, a variety of order types, advanced charts, and indicators. MT4 is available on PC, iOS, and Android devices, providing traders with seamless access to the markets.
MetaTrader 5 (MT5) is the next-generation multi-asset trading platform. It offers a powerful and user-friendly trading interface equipped with a comprehensive set of analytical tools and indicators. Similar to MT4, MT5 allows traders to access a diverse range of market assets, including currencies, indices, commodities, and stocks. It provides features like live and demo accounts, one-click trading, various order types, advanced charts, and indicators. MT5 is available on PC, iOS, and Android devices, offering traders the flexibility to trade on their preferred platform.
In addition to MT4 and MT5, CMS Prime also offers a full FIX API solution. This solution allows traders to link their preferred trading platform, including MT4/MT5, with CMS Prime's infrastructure. It provides ultra-low latency, enabling fast and reliable trade execution. Traders can maximize their trading revenue, lower operating costs, and manage their business model effectively. CMS Prime also provides dedicated customer support and offers free coverage accounts with every API for added convenience.
Deposit & Withdrawal
CMS Prime offers a wide range of convenient payment methods for depositing and withdrawing funds from your trading account. These methods include:
Card Payment: CMS Prime accepts card payments in currencies such as USD, EUR, and AED. There is no deposit limit, allowing you to fund your account without restrictions.
Wire Transfer: Wire transfers are accepted in USD, EUR, and AED. There is no deposit limit, giving you the flexibility to deposit any amount you desire.
Perfect Money: Perfect Money is an online payment system accepted in USD and EUR. There is no deposit limit, allowing for unlimited funding of your account.
USDT: USDT, a stablecoin pegged to the US dollar, is accepted for deposits. The deposit limit is unlimited, providing you with the freedom to deposit any desired amount.
Online Payment Thai Baht: Thai Baht deposits can be made through online payment methods. The deposit limit for Thai Baht is THB 1,990,000.
QR code Thai Baht: Thai Baht deposits can also be made using QR codes. The deposit limit for this method is THB 1,990,000.
Online Payment VND: Online payment methods are available for Vietnamese Dong deposits. There is no deposit limit, allowing for unlimited funding.
QR code Payment VND: Vietnamese Dong deposits can also be made using QR codes, with no deposit limit.
Ali Pay: Ali Pay, a popular online payment platform, is accepted in currencies such as USD and CNY. There is no deposit limit, providing you with flexibility in funding your account.
10. Local Payment Methods: CMS Prime accepts selected local payment methods in various currencies. There is no deposit limit, allowing for unlimited deposits.
CMS Prime does not charge any fees for deposits or withdrawals. Clients can use bank wire transfers, credit/debit cards, Skrill/MoneyBookers, and other convenient methods to fund their accounts. For deposits, the company recommends Visa, MasterCard, and wire transfers. The accepted currencies include USD, EUR, and GBP, providing flexibility for clients from different regions.
Pros and Cons
Educational Resources
CMS Prime offers a comprehensive range of educational resources to assist traders in enhancing their knowledge and skills. One of the notable resources is the trading tutorial videos available in the CMS Prime trading academy. These videos cater to both novice and experienced traders, providing training on various topics. Whether you are new to trading or require assistance with specific concepts, the tutorial videos can be a valuable resource.
The trading tutorial videos cover a wide range of topics, categorized for easy navigation and a smoother learning process. Some of the topics covered include basic forex education, understanding chart formation patterns and candlesticks, forex trading indicators, and MT4 tutorials. These videos aim to provide a solid foundation in trading principles, technical analysis, and platform usage.
For traders who are new to the stock market, CMS Prime also offers an introduction to the stock market as part of their educational resources. This can be beneficial for those looking to expand their trading horizons beyond forex and explore other markets.
In addition to the tutorial videos, CMS Prime provides useful trading tools such as the Pivot Table Calculator, Fibonacci Calculator, and Profit/Loss Calculator. These tools can assist traders in performing calculations and analysis to support their trading decisions.
Trading Hours
Clients can use the client portal and website at any time, but the trading hours depend on the specific market. CMS Prime lists the opening hours for each asset in its product description, for example, Forex can be traded 24 hours a day, Monday to Friday.
Customer Support
CMS Prime offers customer support to assist clients with their inquiries and concerns. Clients can reach out to the customer support team through email by sending a message to support@cmsprime.com. The customer support team is available from Monday to Friday, from 08 am to 06 pm. Additionally, clients can also contact CMS Prime via phone at +(971) 4 451 9328 during the specified business hours. The customer support team is dedicated to providing assistance and resolving any issues clients may have regarding their trading experience or account-related matters.
Conclusion
In conclusion, CMS Prime is a legitimate retail forex broker regulated by the Vanuatu Financial Services Commission, offering a range of trading instruments such as forex, commodities, indices, and stock CFDs. With three account types and convenient deposit and withdrawal options, it caters to diverse trading preferences. The availability of MetaTrader 4 and MetaTrader 5 platforms, along with a FIX API solution, enhances the trading experience. The educational resources, including tutorial videos and additional tools, support traders in expanding their knowledge and skills. However, it is worth noting that the lack of specific information regarding the license expiry date and the licensed institution's contact details may raise concerns. Additionally, some traders may find the minimum deposit requirements for certain account types relatively high. Nevertheless, CMS Prime's customer support is available to assist clients with their inquiries and concerns, ensuring a satisfactory trading experience.
FAQs
Q: Is CMS Prime a legitimate forex broker？
A: Yes, CMS Prime is a retail forex broker that is regulated by the Vanuatu Financial Services Commission. It holds a Retail Forex License with license number 40437.
Q: What trading instruments are available at CMS Prime？
A: CMS Prime offers a range of trading instruments including forex, commodities, indices, and stock CFDs.
Q: What are the account types offered by CMS Prime？
A: CMS Prime offers three account types: Standard, Premium, and ECN. Each account type has specific features and requirements tailored to different trading preferences and experience levels.
Q: What are the deposit and withdrawal options at CMS Prime？
A: CMS Prime provides various payment methods including card payments, wire transfers, Perfect Money, USDT, online payment methods for Thai Baht and Vietnamese Dong, Ali Pay, and selected local payment methods.
Q: Which trading platforms are available at CMS Prime？
A: CMS Prime offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, both of which are popular and versatile. Traders can also utilize a full FIX API solution to link their preferred trading platform with CMS Prime's infrastructure.
Q: What educational resources does CMS Prime offer？
A: CMS Prime provides a trading academy with tutorial videos covering various topics such as forex education, chart formation patterns, candlesticks, indicators, and MT4 tutorials. Additionally, there are educational resources available for those interested in the stock market.
Q: How can I contact customer support at CMS Prime？
A: You can reach out to CMS Prime's customer support team by sending an email to support@cmsprime.com or by calling +(971) 4 451 9328 during business hours (Monday to Friday, 08 am to 06 pm).
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