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

CMS

Hong Kong | Above 20 years |
Listed Regulated in Hong Kong | Dealing in futures contracts | United Kingdom Investment Advisory License Revoked | Suspicious Overrun | High potential risk

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

Website

Rating Index

Influence

Influence

B

Influence index NO.1

China 6.43
Surpassed 57.50% brokers
Biz Area Search Statistics Advertising Social 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
2025-09-18
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
5

Basic Information

Registered Region
Hong Kong
Operating Period
Above 20 years
Company Name
China Merchants Securities International Company Limited
Abbreviation
CMS
Company employee
--
Customer Service Email Address
online@cmschina.com.hk
Contact Number
+85231896368
Company address
48/F., One Exchange Square, Central, Hong Kong

FX1827755453

Unverified

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

2024-11-01

FX1827755453

Unverified

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

2024-10-31

盈赢

Unverified

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

June

Unverified

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

2024-06-04

FX1475574124

Unverified

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

2024-04-19

盈赢

Unverified

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

IntJ

Unverified

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
Listing Information
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Website

cmschina.com.hk
58.250.158.32
Server Location
China
ICP registration
--
Most visited countries/areas
--
Domain Effective Date
--
Website
WHOIS.HKIRC.HK
Company
-

Genealogy

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Relevant Enterprises

CHINA MERCHANTS SECURITIES (UK) LIMITED(United Kingdom)
Active
United Kingdom
Registration No.
08748557
Established
2013-10-25
China Merchants Securities International Company Limited(Hong Kong)
Active
Hong Kong
Registration No.
0682065
Established
2005-01-26
CHINA MERCHANTS SECURITIES (HK) CO., LIMITED(Hong Kong)
Active
Hong Kong
Registration No.
0175972
Established
1986-10-04

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

  • Above 20 years
  • Regulated in Hong Kong
  • Dealing in futures contracts
  • United Kingdom Investment Advisory License Revoked
  • Suspicious Overrun
  • High potential risk

Wiki Q&A

zack18
Within 1 year

Which types of trading instruments does CMS offer, such as forex, stocks, indices, cryptocurrencies, or commodities?

WikiFX Reply
Based on my careful research and personal experience as an independent trader, I found that CMS, formally China Merchants Securities International Company Limited, provides a diverse range of trading instruments, but with some crucial limitations prospective clients should be aware of. For me, the standout point is that while CMS is regulated in Hong Kong and offers 20+ years of history, it does not support forex trading—a major consideration for those focused exclusively on currency markets. Instead, CMS specializes in instruments typical for a securities broker: clients can access Hong Kong and select overseas stocks, a wide variety of futures contracts—including Hang Seng Index futures and mini contracts—commodities, stock options, bonds, funds (such as equity and balanced funds), ETFs, and indices. This breadth is appealing if you wish to diversify across asset classes. However, CMS does not appear to offer cryptocurrencies or spot forex trading, meaning it falls short for traders, like myself, who prioritize those instruments. From a risk and regulation perspective, I urge caution—particularly since reports of withdrawal issues and account freezes have surfaced. Regulatory oversight exists, but with limitations, and the FCA license in the UK is revoked. This further reinforces the importance of undertaking thorough due diligence and being wary if your focus is outside traditional securities and futures. For traders whose priorities align with stock, futures, or fund trading, CMS does cover many needs; otherwise, I would advise clearly weighing these constraints before opening an account.
Broker Issues
CMS
Instruments
Platform
Leverage
Account
08-09
United States
tabawan_dreamer
Within 1 year

Does CMS charge any fees when you deposit or withdraw funds?

WikiFX Reply
In my experience with CMS, understanding the fee structure around deposits and withdrawals is crucial, especially given how costs can erode trading profits over time. According to the available information, CMS does not impose any charges on depositing funds—transfers to their designated bank accounts, checking deposits, and online banking are all free of charge. Similarly, depositing funds via same-day local bank transfers does not incur fees, which is a slight advantage compared to some other brokers that do charge for certain funding methods. As for withdrawals, the process can be initiated through their online trading platforms or by requesting checks and remittances, and here as well, no explicit withdrawal fees are stated. Personally, I find this policy reassuring. However, absence of explicit withdrawal fees does not automatically guarantee a frictionless experience—there are reports from other users detailing difficulties and sometimes inability to access funds, which may point to operational or compliance risks rather than explicit charges. From a cautious and risk-averse trader’s standpoint, while CMS does not openly levy deposit or withdrawal fees, I strongly recommend that anyone considering this broker pay close attention to user feedback and remain vigilant regarding the actual processing and access to funds, not just the stated fee schedule.
Broker Issues
CMS
Deposit
Withdrawal
08-02
United States
Rojas
Within 1 year

Are there any payment methods with CMS that allow for immediate withdrawals?

WikiFX Reply
Based on my review of CMS, I have not found any evidence that the broker offers immediate withdrawals through any payment method. Withdrawals from CMS can be processed via the online trading platform, by check, or by remittance. However, user reports and exposure entries raise significant concerns about the actual withdrawal process. Some traders have described situations where they were initially able to make a small withdrawal, but subsequent requests encountered sudden obstacles—accounts were frozen and additional deposits were required to “unfreeze” funds, a red flag for possible unethical practices. In my own experience as a forex trader, prompt and reliable withdrawal processes are essential for trust and effective money management. The fact that CMS’s official website is often inaccessible, and that there are repeated allegations of withdrawal manipulations, would make me very cautious. I have not seen any mention of instant withdrawal methods, and, more importantly, the consistency of negative withdrawal experiences suggests that any claims of fast or immediate access to funds should be viewed with skepticism. For anyone considering CMS, I would advise proceeding with extreme care, thoroughly researching recent user feedback, and prioritizing brokers with a clear, proven, and reliable withdrawal process.
Broker Issues
CMS
Withdrawal
Deposit
08-01
United States
Jezreel2
Within 1 year

What documents do I usually need to provide in order to make my initial withdrawal from CMS?

WikiFX Reply
From my experience navigating various brokers, the verification and withdrawal process is always a critical step—primarily for security and compliance. With CMS, although specific documentation requirements are not transparently listed in the details I found, my cautious approach leads me to expect a standard set typically enforced by regulated Hong Kong institutions. Usually, this includes a government-issued photo ID (like a passport or national ID card), proof of address (such as a bank statement or utility bill issued within the last 3 months), and potentially additional documents verifying the source of funds, especially if making larger deposits or withdrawals. However, I need to voice strong caution based on the alarming withdrawal and user complaints associated with CMS. Several exposure reports describe issues such as withdrawals being systematically blocked, accounts frozen after initial small withdrawals, and requests for further deposits under the guise of “unlocking” funds. This is deeply concerning, even more so considering CMS is regulated in Hong Kong but has had its UK license revoked and is flagged for high potential risk. Given these red flags, I would never proceed with large deposits before first verifying—in writing—the broker’s withdrawal policy and ensuring all required documents are accepted and processed. Personally, I insist on clear communication and documented procedures before attempting any withdrawal. If CMS cannot provide this clarity up front, I would advise enormous caution. For me, protecting my capital always outweighs any potential opportunity.
Broker Issues
CMS
Deposit
Withdrawal
07-26
United States
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