• Company name: Safe Side Trading Ltd
  • Registration/license: St Vincent and the Grenadines
  • Registration/license requirement: USD 2,000

Is CMSTrader a regulated forex broker or a scam?

no, CMSTrader broker is Non-Regulated Broker. It is NOT SAFE to trade.while we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.

CMSTrader is a Forex and CFD broker owned and operated by the Safe Side Trading Ltd, a company based in the St Vincent and the Grenadines.

The broker claims to have offices in the UK, Switzerland, Bahrain and Australia, but it doesn’t seem to be regulated in any of these countries.

Also, Safe Side Trading Ltd owns another offshore broker (12trader) that was blacklisted in EU.

We recommend to avoid offshore brokers and invest with companies licensed in UK or Australia, where regulation is strict and there are certain client protection rules.

In order to get a license from Australian Securities and Investments Commission (ASIC), the broker needs to have 1 million AUD capital and physical office in Australia. Here you can check the list of the ASIC-regulated brokers.

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One response to “CMSTrader”

  1. This is definitely a scam! I wish I was reading this before making any investment in this platform. I was also scammed by these evil guys. Please stay away from it and keep you money safe!

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