CMS Prime has been flagged by Financial Services Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
My card was charged twice by CMS Prime on the same day. I had to dispute it with my bank. CMS Prime then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Excellent charting|Professional team|Copy trading available|Fast support response
Cons: Research section could be deeper
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that CMS Prime has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Pros: Website looks legitimate on the surface
Cons: Unauthorized firm|Found in IOSCO warnings database
The onboarding at CMS Prime was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Social trading features|Dedicated account manager
Cons: Slow to add new assets|Cannot customize dashboard fully
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. CMS Prime said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Professional team|Transparent fees
Cons: None so far|Onboarding videos are outdated
I invested $3,500 with CMS Prime after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Financial Services Authority.
Cons: Blocked my account|No legitimate license|Fake returns