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CMS Spreads, leverage, minimum deposit Revealed

WikiFX | 2023-12-15 23:01

Abstract：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.

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

CMSReview Summary
Founded	/
Registered Country/Region	Hong Kong
Regulation	Regulated
Market Instruments	FuturesCommoditiesFundsStocksBondsOptionsETFIndices
Demo Account	❌
Leverage	/
Spread	/
Trading Platform	CMS Hong Kong App platformCQ Key appCQG Trader Futures Trading softwareCQG Web Futures TradingSPTraderPro HD mobile appSharp Point Futures Trading software
Min Deposit	/
Customer Support	Phone: (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

Pros	Cons
Be regulated	No account details
6 trading platforms	Official website unavailable
	Demo accounts are not available

Is CMS Legit?

Regulated Country/Region
Regulated Authority	SFC	FCA
Regulated Entity	China Merchants Securities (HK) Co., Limited	conChina Merchants Securities (Uk) Limited
License Type	Dealing in futures contracts	Investment Advisory License
License Number	AAI650	610534
Current Status	Regulated	Exceeded

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 Instruments	Supported
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 Type	Charge Details	Rate/Amount
Securities Trading	Brokerage Commission	0.25% (minimum HK $100)
	Transaction Levy	0.00%
	Transaction Fee	0.01%
	Stamp Duty on sold banknotes	0.13%
Stock Options	Commission per contract per party	HK $40 (minimum HK $100 for executed orders)
CMS Bond Trading	Annual Custodial Fee	0.04% 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 Platform	Supported	Available Devices	Suitable for
CMS Hong Kong App platform	✔	Mobile	All traders
CQ Key app	✔	Mobile	All traders
CQG Trader Futures Trading software	✔	-	All traders
CQG Web Futures Trading	✔	Web	All traders
SPTraderPro HD mobile app	✔	Mobile	All 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.