Online Forex Trading
Trade FX with CMS Prime
Trade FX online with CMS Prime through our robust trading technology and transparent trading conditions. Access a growing list of more than 40 currency pairs via MetaTrader 4 or MetaTrader 5, with a deep liquidity pool from top tier liquidity providers. Explore the opportunities in the online forex market with dedicated support, tools and customer service.
What is Forex?
The foreign exchange market (Forex or FX market) is a global over-the-counter (OTC) market with an average daily turnover of more than $5 trillion making it the largest and most liquid market in the world. Online FX trading in the spot market is the exchange of one currency to another through an easy-to-use platform. The Forex market is open 24 hours a day (except on weekends) and is traded across almost every time zone. As a result, the price quotes change constantly and the market can be very active at any time of day. For example, when the US trading day ends, the trading sessions in Tokyo and Hong Kong begin.
Forex traders can speculate on the value of one currency versus another to generate profits. Some of the benefits include:
Frequently Asked Questions
The Forex market is open 24/5 which enables a trader to enter or exit a trade at any time. As a rule of thumb, profitable traders buy low and sell high or sell high and buy low.
While we do not give advisory services, we provide clients with many tools to help them on their trading journey regardless of the level of expertise. Using a mixture of inhouse and 3rd party resources, CMS Prime provides clients with trading tutorial videos, daily market reports and technical analysis, price-alerts and multiple trading calculators.
We offer swap-free accounts with no commissions. Our ECN account, which enables clients to trade on inter-bank spreads, carries a commission charge per lot on Forex pairs and spot metals. However, all CFDs traded with CMS Prime are commission-free.
As per our ‘Terms of Business’, our default offering includes a 30% stop-out level and a margin call at 100%.
For example, if the Used Margin stands at 100 USD, once the Equity teaches below 100 USD (100% margin call), no new positions can be opened. If the Equity reaches 30 USD (30% stop-out), all positions will be closed at the first available price.
CMS Prime offers a variety of deposit/withdrawal methods. Some deposit methods have instant funding such as credit card and Perfect Money. For bank transfers, we strive to apply funds as soon as they are received. As for withdrawals, we aim to process all withdrawal within 24 hours.
Yes, EAs are accepted on MT4 and MT5.
Margin is the amount of funds available for trading. Required margin is the quantity of money needed to open a position.
Leverage is the multiple of account equity that you can trade. For example, when trading 1 standard lot of USDJPY with 1:100 leverage, the margin requirement is $1,000 instead of $100,000.
- Geographical distribution of markets
- Continuous operation (*Sunday 22:00 – Friday 22:00 GMT)
- Huge number of market participants including banks, commercial companies, investment management firms, Forex brokers, hedge fund speculators and even individual traders.