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Let’s talk about this fraudulent broker now.
We will show you following our investigation why CMSTrader is a fraudulent broker.
Deposit and withdraw.
The minimum for deposit at this broker is $500, a price expensive compared to other regular platform that usually asks you $100. To withdraw your money, like many scams, you will never be able to withdraw it because it’s the goal of this broker, to make you deposit your money to steal it and never to return it to you.
Regulated or not regulated ?
It has no official licenses but still offers trading around the world. It’s forbidden for a broker to offer trading without licenses. He has received numerous warnings from several financial authorities around the world. Receiving a warning is already a scam sign but three warnings confirm the CMSTrader scam.
Our conclusion on CMSTrader.
We can confirm with certainty that this broker is a scam that has already made many victims. Their website is starting to close because a significant member of their team has been put in jail. A broker to avoid absolutely.
If you have a bad experience with this broker, leave a comment to help others avoid being scammed. We receive threats from many fraudulent brokers but nothing will stop us to help you.