CMS Prime

CMS Prime broker is an online brokerage with about 22 years of history, operating since 2004 and, according to Teagle's data, based in the United Arab Emirates. The broker offers trading in forex, commodities, indices and stocks on MetaTrader 4 and 5, and also serves Iranian users with a Persian website, Persian support and Tether deposits. In this overview, Teagle's editorial team reviews CMS Prime's license, accounts, payment methods and risks based on recorded data.

What kind of broker is CMS Prime?

CMS Prime has tried to build a suitable environment for traders of all experience levels through modern trading technology and a presence in international financial centers. Keeping client funds in segregated accounts, 24/7 multilingual support and analytical tools on MetaTrader and WebTrader are among its stated features. Scalping, hedging, phone trading and the use of expert advisors are allowed, and identity verification is instant. According to Teagle's expert, the broker also offers negative balance protection.

CMS Prime licenses and credibility

According to Teagle's latest review, CMS Prime holds one active license:

• FSC (Financial Services Commission): Number GB19024331, active; an offshore license.

Teagle's expert considers the broker's focus on offshore regulation and the lack of a tier-1 license to be among its drawbacks. CMS Prime itself says it operates under various legal entities and that the level of oversight and legal protection depends on the entity under which the client's account is opened; so the brand name alone is not enough for an assessment. To evaluate this, read the article What are offshore and onshore brokers .

Does CMS Prime serve Iranians?

Yes. According to the Teagle team's reviews, CMS Prime serves Iranian users and has a Persian website and support. Teagle's expert considers it a "fairly suitable, but not risk-free" option for Iranian traders. One of the recorded drawbacks is the lack of transparency about the list of restricted countries, meaning acceptance conditions may change. Also, under the broker's rules, deposits must be made from an account in the name of the trading account holder, and third-party deposits are not accepted.

CMS Prime trading accounts

CMS Prime offers three accounts. All accounts have floating spreads, a 100% margin call level and a 30% stop-out, and no requotes are recorded:

• Core account: no minimum deposit, spreads from 1 pip, 1:500 leverage, Islamic version available, on MetaTrader 4 and 5 and the CMS Prime WebTrader.
• Master account: $5,000 minimum deposit, spreads from 0.6 pips and 1:200 leverage, on MetaTrader 4 and 5.
• Signature account: $10,000 minimum deposit, spreads from zero and 1:100 leverage, on MetaTrader 4 and 5.

The commission for none of the accounts is specified, and only the Core account has an Islamic version. The large gap in minimum deposit between the Core account and the other two is also notable; in practice, most retail users trade with the Core account. No cent account is offered, and the range of base currencies for transactions is limited. Negative balance protection alongside 1:500 leverage is an important advantage; to understand it better, read the article What is margin in forex .

CMS Prime platforms and services

Trading is done on MetaTrader 4 and 5 (Windows, Mac, Android and iOS) and a proprietary WebTrader. Additional services include bonuses, education, copy trading, PAMM, social trading, expert advisors and robots, a trading API, an IB program, an economic calendar and a glossary. If you don't know the difference between the two social services, see the article The difference between social trading and copy trading , and follow bonus terms on the broker bonuses page .

Deposits and withdrawals at CMS Prime

According to Teagle's data, none of CMS Prime's payment methods has a minimum deposit or deposit and withdrawal fees, and withdrawals take 1 to 3 business days with all methods:

• Tether (USDT): instant deposit; the main option for Iranian users.
• Visa, Mastercard and Maestro cards: instant deposit.
• Apple Pay and Google Pay: instant deposit.
• C Pay, TC Pay and UPI gateways: instant deposit.
• Bank transfer: deposit in 1 to 5 business days.

The minimum withdrawal is not stated on the website. If you use Tether, keep in mind the tips in the article Common mistakes Iranians make when buying Tether .

CMS Prime's rating and risk on Teagle

CMS Prime's final rating on Teagle is 2.68 out of 5, derived from two sources: Trustpilot 2.9 and WikiFX 2.46; no user has yet submitted a review for it on Teagle. The Teagle Eye risk index for CMS Prime is 54 out of 100, in the "medium risk" category. Its 22-year history has lowered the risk, while having only an offshore license and average reputation scores have raised it.

Pros and cons of CMS Prime broker

• Pro: long operating history and segregated bank accounts
• Pro: serves Iranians with a Persian website and fee-free Tether deposits
• Pro: variety of payment methods, analytical tools and negative balance protection
• Con: focus on offshore regulation and no tier-1 license
• Con: unspecified commissions and an unclear list of restricted countries
• Con: no cent account and high minimum deposits for the Master and Signature accounts

Who is CMS Prime suitable for?

According to Teagle's expert, CMS Prime suits beginner and professional traders who need a variety of instruments, MetaTrader 4 and 5 and analytical tools. It is not suitable for those with very little capital, those who want a cent account, or those who prioritize full transparency on minimum deposits and commissions. For a comparison with another broker that accepts Iranians, see the CMS Prime vs. OpoFinance comparison and the ranking of brokers by deposit options for Iranians .

Conclusion

CMS Prime offers good features for Iranians, but its offshore license and unclear commissions call for caution. Before transferring significant capital, check the entity providing your account and the withdrawal rules, start with a small amount, make a test withdrawal, and follow new warnings on the investment risk warning page .