CMS

zack18

1-2 years

Which types of trading instruments does CMS offer, such as forex, stocks, indices, cryptocurrencies, or commodities?

WikiFX Reply

Based on my careful research and personal experience as an independent trader, I found that CMS, formally China Merchants Securities International Company Limited, provides a diverse range of trading instruments, but with some crucial limitations prospective clients should be aware of. For me, the standout point is that while CMS is regulated in Hong Kong and offers 20+ years of history, it does not support forex trading—a major consideration for those focused exclusively on currency markets. Instead, CMS specializes in instruments typical for a securities broker: clients can access Hong Kong and select overseas stocks, a wide variety of futures contracts—including Hang Seng Index futures and mini contracts—commodities, stock options, bonds, funds (such as equity and balanced funds), ETFs, and indices. This breadth is appealing if you wish to diversify across asset classes. However, CMS does not appear to offer cryptocurrencies or spot forex trading, meaning it falls short for traders, like myself, who prioritize those instruments. From a risk and regulation perspective, I urge caution—particularly since reports of withdrawal issues and account freezes have surfaced. Regulatory oversight exists, but with limitations, and the FCA license in the UK is revoked. This further reinforces the importance of undertaking thorough due diligence and being wary if your focus is outside traditional securities and futures. For traders whose priorities align with stock, futures, or fund trading, CMS does cover many needs; otherwise, I would advise clearly weighing these constraints before opening an account.

Broker Issues

CMS

Leverage

Platform

Instruments

Account

08-09

United States

tabawan_dreamer

1-2 years

Does CMS charge any fees when you deposit or withdraw funds?

WikiFX Reply

In my experience with CMS, understanding the fee structure around deposits and withdrawals is crucial, especially given how costs can erode trading profits over time. According to the available information, CMS does not impose any charges on depositing funds—transfers to their designated bank accounts, checking deposits, and online banking are all free of charge. Similarly, depositing funds via same-day local bank transfers does not incur fees, which is a slight advantage compared to some other brokers that do charge for certain funding methods. As for withdrawals, the process can be initiated through their online trading platforms or by requesting checks and remittances, and here as well, no explicit withdrawal fees are stated. Personally, I find this policy reassuring. However, absence of explicit withdrawal fees does not automatically guarantee a frictionless experience—there are reports from other users detailing difficulties and sometimes inability to access funds, which may point to operational or compliance risks rather than explicit charges. From a cautious and risk-averse trader’s standpoint, while CMS does not openly levy deposit or withdrawal fees, I strongly recommend that anyone considering this broker pay close attention to user feedback and remain vigilant regarding the actual processing and access to funds, not just the stated fee schedule.

Broker Issues

CMS

Deposit

Withdrawal

08-02

United States

Rojas

1-2 years

Are there any payment methods with CMS that allow for immediate withdrawals?

WikiFX Reply

Based on my review of CMS, I have not found any evidence that the broker offers immediate withdrawals through any payment method. Withdrawals from CMS can be processed via the online trading platform, by check, or by remittance. However, user reports and exposure entries raise significant concerns about the actual withdrawal process. Some traders have described situations where they were initially able to make a small withdrawal, but subsequent requests encountered sudden obstacles—accounts were frozen and additional deposits were required to “unfreeze” funds, a red flag for possible unethical practices. In my own experience as a forex trader, prompt and reliable withdrawal processes are essential for trust and effective money management. The fact that CMS’s official website is often inaccessible, and that there are repeated allegations of withdrawal manipulations, would make me very cautious. I have not seen any mention of instant withdrawal methods, and, more importantly, the consistency of negative withdrawal experiences suggests that any claims of fast or immediate access to funds should be viewed with skepticism. For anyone considering CMS, I would advise proceeding with extreme care, thoroughly researching recent user feedback, and prioritizing brokers with a clear, proven, and reliable withdrawal process.

Broker Issues

CMS

Withdrawal

Deposit

08-01

United States

Jezreel2

1-2 years

What documents do I usually need to provide in order to make my initial withdrawal from CMS?

WikiFX Reply

From my experience navigating various brokers, the verification and withdrawal process is always a critical step—primarily for security and compliance. With CMS, although specific documentation requirements are not transparently listed in the details I found, my cautious approach leads me to expect a standard set typically enforced by regulated Hong Kong institutions. Usually, this includes a government-issued photo ID (like a passport or national ID card), proof of address (such as a bank statement or utility bill issued within the last 3 months), and potentially additional documents verifying the source of funds, especially if making larger deposits or withdrawals. However, I need to voice strong caution based on the alarming withdrawal and user complaints associated with CMS. Several exposure reports describe issues such as withdrawals being systematically blocked, accounts frozen after initial small withdrawals, and requests for further deposits under the guise of “unlocking” funds. This is deeply concerning, even more so considering CMS is regulated in Hong Kong but has had its UK license revoked and is flagged for high potential risk. Given these red flags, I would never proceed with large deposits before first verifying—in writing—the broker’s withdrawal policy and ensuring all required documents are accepted and processed. Personally, I insist on clear communication and documented procedures before attempting any withdrawal. If CMS cannot provide this clarity up front, I would advise enormous caution. For me, protecting my capital always outweighs any potential opportunity.

Broker Issues

CMS

Deposit

Withdrawal

07-26

United States