According to reviews of traders CMSTrader is another scam for taking money from its customers from the first days of cooperation.
CMSTrader Official Website
The company’s website looks better than the website of their colleagues in the same business, it is not made only with one purpose – to deceive people.
Also, the client agreement should raise doubts where the scammers wrote that they disclaim responsibility for all financial losses of the client regardless of their nature. That means according to these scammers the client is always wrong.
If you have a desire to complain about this scam, then you are unlikely to succeed. The company’s leadership is not stated on the site, it’s not clear who is responsible for fraudulent activities.
On the official website CMS Trader does not indicate any license allowing the provision of financial services that makes all its actions illegal.
This company has a poor reputation: various financial organizations and authorities of those countries warn about it.
Broker CMS Trader known as Pandorx Ventures LTD is excluded from all registrations of New Zealand, as it conducts fraudulent activities and does not submit the relevant documents for renewal.
The well-known financial regulator FCA confirms that the broker CMS Trader does not have permission to provide financial services or products in the UK.
According to the Belgian regulator FSMA, the CMSTrader broker also works illegally, as it does not comply with the Belgian financial law.
Canadian authorities warn that this company works illegally. The Ontario Securities Comission indicates that the CMS Trader is not registered in Ontario to provide financial services.
Do you still doubt that this is a scam?
We have reviews from many clients deceived by these scammers. Clients complain about fraudulent activities of this broker : after you invested money in this company, you won’t see them again.
Conclusion
Based on all the above, we do not recommend this broker. We assume that if you are reading this article, you are looking for reliable brokers – we have a list of trusted brokers for you. So, if you have faced the fraud, our team of lawyers is ready to help you return the money.
