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Score

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The WikiFX Score of this broker is reduced because of too many complaints!

CMS

Hong Kong|15-20 years|
Regulated in Hong Kong|Dealing in futures contracts|Suspicious Scope of Business|Suspicious Overrun|High potential risk|

http://www.cmschina.com.hk/en/

Website

Rating Index

Influence

Influence

C

Influence index NO.1

Hong Kong 4.46
Surpassed 59.10% brokers
Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+852 3189 6368
online@cmschina.com.hk
http://www.cmschina.com.hk/en/
48/F., One Exchange Square, Central, Hong Kong
The WikiFX Score of this broker is reduced because of too many complaints!
VPS Standard
*No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Open
WikiFX Risk Alerts
2024-12-22
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
3

Basic information

Registered region
Hong Kong
Operating period
15-20 years
Company Name
China Merchants Securities Co., Ltd
Abbreviation
CMS
Company employee
--
Customer Service Email Address
online@cmschina.com.hk
Contact number
0085231896368
Company address
48/F., One Exchange Square, Central, Hong Kong

FX1827755453

Hong Kong

From 2024.9.24 to 10.20, mainland employees such as Xu Xinyue went to Hong Kong for exchange and learning training. A foreign exchange investment sector was temporarily developed, with Hong Kong providing the platform and mainland employees responsible for recruiting investors. Once a certain amount of funds is obtained, the accounts will be frozen! They exploit legal loopholes by using Hong Kong law to induce traders to continue depositing money to unfreeze their accounts! It's a never-ending cycle. Exploiting legal loopholes!

Exposure

11-01

FX1827755453

Hong Kong

Fraud, unable to withdraw funds. The first time I could withdraw 3000, but the second time they said I was maliciously withdrawing and insisted that I keep 10 in my account. I said I needed it urgently, so they found various reasons to freeze my account, and then induced me to deposit 100,000 to unfreeze it so that my account could trade normally! The customer service scolded me for not depositing.

Exposure

10-31

盈赢

Hong Kong

The recommended stocks have been making no money, let me invest in their business: as for Market Maker, they claim that the capital will be protected even if losing money. This is cheaper than the purchase price of investors in the primary market. I made a few orders, and the book profits are indeed increasing. I want to withdraw cash later, they said that they require a 30% deposit. If the payment is overdue, the security deposit will be doubled. That's when I knew I had been duped. The scammer pays back the money quickly.

Exposure

2023-08-24

盈赢

Hong Kong

At the beginning, they recommended stocks, but as a result, they lost more and more. Later, market makers were opened, and they said it was cheaper than the transaction price in the primary market. In the end, the locked account cannot be opened and the funds cannot be withdrawn (need to pay a deposit) and run away.

Exposure

2023-08-23

June

United Kingdom

Very impressive. They offer a wide range of services from IPOs to personal investments in stocks and bonds. Their brokerage options are vast, perfect for diversifying investments globally. The research insights are incredibly helpful, especially for HK and US-listed Chinese stocks. If you're looking for a one-stop shop for diverse financial services, CMS is a great bet.

Positive

06-04

FX1475574124

Cyprus

Having used CMS services for some time now, I can confidently say that they stand out in terms of their comprehensive array of services. Whether it's IPO sponsorship, equity trading, debt capital market fundraising, or mergers and acquisitions, they've got an expert team ready to assist. Moreover, their global commodities service is excellent, providing access to over-the-counter metals and energy derivatives in a seamless manner. What impressed me most was their research team, whose in-depth market analysis has frequently guided my investment decisions. Their customer service is always prompt and helpful. It's been a pleasure to open and operate my account with them. I would highly recommend China Merchants Securities for anyone looking for holistic and professional financial services.

Positive

04-19

IntJ

Australia

I have been trading with this securities company for 4 months, so far I am very satisfied and will continue to trade. It is a well-known financial company in China.

Positive

2022-12-12

7
Marketing Strategy
Biz Area
Website
Company Summary
Review

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Website

  • cmschina.com.hk

    Server Location

    China

    Website Domain Name

    cmschina.com.hk

    Website

    WHOIS.HKIRC.HK

    Company

    -

    Server IP

    58.250.158.32

Company Summary

Note: CMS's official website: http://www.cmschina.com.hk/en/ is currently inaccessible normally.

CMSReview Summary
Founded/
Registered Country/RegionHong Kong
RegulationRegulated
Market InstrumentsFuturesCommoditiesFundsStocksBondsOptionsETFIndices
Demo Account
Leverage/
Spread/
Trading PlatformCMS Hong Kong App platformCQ Key appCQG Trader Futures Trading softwareCQG Web Futures TradingSPTraderPro HD mobile appSharp Point Futures Trading software
Min Deposit/
Customer SupportPhone: (852)31896368400 1200 3684008888 199(852)31896191
Email: online@cmschina.com.hkcmsuk@cmschina.co.ukcmskorea@cmschina.co.kr
Physical Address: Central, Hong Kong and Kwun Tong, Kowloon

CMS Information

CMS is a securities company registered in Hong Kong, China and regulated by SFC. It supports the trading of Futures, Commodities, Funds, Stocks, Bonds, Options, ETFs, Indices, etc. It provides 6 trading platforms and 3 accounts.

Pros and Cons

ProsCons
Be regulatedNo account details
6 trading platformsOfficial website unavailable
Demo accounts are not available

Is CMS Legit?

Regulated Country/Region
Is CMS Legit?
Is CMS Legit?
Regulated AuthoritySFCFCA
Regulated EntityChina Merchants Securities (HK) Co., LimitedconChina Merchants Securities (Uk) Limited
License TypeDealing in futures contractsInvestment Advisory License
License NumberAAI650610534
Current StatusRegulatedExceeded
Is CMS Legit?
Is CMS Legit?

What Can I Trade on CMS?

CMS offers Hong Kong futures trading, including Hang Seng Index futures, Mini Hang Seng Index futures, etc. CMS also offers bond trading, trading of various funds, including equity funds, bond funds and balanced funds, and ETFs. In addition, there are Hong Kong stocks, overseas stocks in 12 different markets, stock options, global commodities, futures and indices.

Tradable InstrumentsSupported
Futures
Commodities
Funds
Stocks
Bonds
Options
ETF
Indices
Forex

Account Types

CMS offers two main types of securities accounts: cash account and margin account. A futures account dedicated to trading futures contracts is also available.

CMS Fees

Securities trading charges include 0.25% brokerage commission (minimum HK $100), transaction levy 0.0027%, transaction fee 0.00565%. A stamp duty of 0.13% is imposed on banknotes sold.

Stock options trading involves a commission of HK $40 per contract per party, with a minimum of HK $100 for executed orders.

CMS charges an annual custodial fee of 0.04 percent of market value for its bond trading services, as well as a $30 transaction fee and an $80 early redemption fee.

Trading TypeCharge DetailsRate/Amount
Securities TradingBrokerage Commission0.25% (minimum HK $100)
Transaction Levy0.00%
Transaction Fee0.01%
Stamp Duty on sold banknotes0.13%
Stock OptionsCommission per contract per partyHK $40 (minimum HK $100 for executed orders)
CMS Bond TradingAnnual Custodial Fee0.04% of market value
Transaction Fee$30
Early Redemption Fee$80

Trading Platform

CMS can use CMS Hong Kong App platform and CQ Key app for stock trading, which is available for mobile devices.

CMS offers a variety of software options for futures trading: CQG Trader Futures Trading software, CQG Web Futures Trading, SPTraderPro HD mobile app, and Sharp Point Futures Trading software.

Trading PlatformSupportedAvailable DevicesSuitable for
CMS Hong Kong App platformMobileAll traders
CQ Key appMobileAll traders
CQG Trader Futures Trading software-All traders
CQG Web Futures TradingWebAll traders
SPTraderPro HD mobile appMobileAll traders
Sharp Point Futures Trading software-All traders
MT4
MT5

Deposit and Withdrawal

There are 4 deposit methods supported by CMS:

Transfer to designated bank account (e.g. Standard Chartered Bank, Bank of China)

Online banking through China Merchants Bank Hong Kong Branch (CMBHK)

Checking deposit

Same day bank transfers from selected local banks

Withdrawals can be made through online trading platforms or by check and remittance. In addition, bank account authorization and deposit of funds are free of charge.

Keywords

  • 15-20 years
  • Regulated in Hong Kong
  • Regulated in United Kingdom
  • Dealing in futures contracts
  • Investment Advisory License
  • Suspicious Scope of Business
  • Suspicious Overrun
  • High potential risk

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