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In my experience with CMS, understanding the different account types is crucial before making any funding decisions. CMS offers three primary account types: cash account, margin account, and a futures account. The cash account is the most straightforward, where trading can only occur with funds that are actually deposited—there's no borrowing or leverage provided. This means for me, risks of unexpected losses due to overexposure are minimized, which is especially relevant for conservative investors or those new to the markets. The margin account, on the other hand, allows for leveraged trading—meaning I am able to borrow funds (based on collateral I provide) to open larger positions than my deposited amount. Although this can potentially enhance returns, it also introduces a significant risk of more substantial losses, sometimes exceeding my initial funds. It's something I approach with caution, always ensuring I am fully aware of the borrowing costs and the margin requirements. The futures account is tailored specifically for futures contracts trading, an area in which CMS seems to focus heavily, given their regulatory license. Futures contracts inherently involve leverage as well, and trading them requires a dedicated account set up with margin requirements distinct from standard margin accounts. I always make sure to review and understand the fee structure, account obligations, and margin calls when operating such an account. Importantly, CMS does not appear to provide demo accounts, so there’s no risk-free trial available. For me, the cautious route is to start with low exposure and thoroughly understand each account’s terms before committing significant capital, as these differences can have a substantial impact on trading outcomes and risk management.