CMS operates in your country (United States) — but holds no local license. You’d likely be onboarded under an offshore entity, which means weaker fund protection. Confirm which entity before depositing.

Moderate risk

Scam Risk Scoremonitored · 2026-07-28

Lower riskHigher risk

4 user exposure/complaint reports filed
Withdrawal complaints in ~71% of recent reviews
No verifiable website or social-media presence

How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

Factor	Score	Weight
Regulation & licensing	38	35%
Company age	22	15%
Clone / impersonation	0	12%
Withdrawal & exposure complaints	78	12%
Offshore registration	45	8%
Transparency (site/info/social)	53	10%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company

Legal nameChina Merchants Securities International Company Limited

Headquarters🇭🇰 Hong Kong

Founded2017-09-22

Years operating5-10 years

Employees0

Official websitecmschina.com.hk

Trading conditions

Avg execution speed0 ms

Avg slippage0

Swap rating—

Trading cost rating—

Monitored traders0

Monitored orders0

Funding & instruments

Deposit methods—

Withdrawal methods—

Instruments—

Registered address

48/F., One Exchange Square, Central, Hong Kong

Regulation & licenses · 1

Regulator	License type	License No.	Region	Status
SFC	Derivatives Trading License (AGN)	AAI650	Hong Kong China	Regulated

Review analysis AI

CMS is a Hong Kong-based securities company regulated by the SFC, offering a wide range of instruments. However, the absence of independent reviews and limited public information warrant a guarded stance. The low scam risk score suggests a regulated but opaque entity, requiring trader caution.

Best for

Traders seeking an SFC-regulated multi-asset broker
Experienced investors interested in futures, commodities, and options

Not for

Traders who prefer broker with extensive independent reviews
Beginners seeking a full-featured demo and educational resources

Period:

What users complain about

What users praise

Where reviewers are from

Hong Kong4

United Kingdom1

Cyprus1

Australia1

Real user reviews

Where CMS operates

Active across 11 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇨🇳 China

🇭🇰 Hong Kong 4 complaints

🇺🇸 United States

🇹🇼 Taiwan

🇦🇺 Australia

🇮🇳 India

🇨🇦 Canada

🇲🇾 Malaysia

🇯🇵 Japan

🇧🇷 Brazil

🇸🇬 Singapore

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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About CMS

Company Overview

CMS is a securities company registered in Hong Kong, China, and was founded on 22 September 2017. The firm is headquartered at 48/F., One Exchange Square, Central, Hong Kong, a prominent financial district location.

According to regulatory records, CMS holds a Derivatives Trading License (AGN) from the Securities and Futures Commission (SFC) of Hong Kong, with a status of 'Regulated.' This license authorises the firm to engage in dealing in futures contracts, though the scope of its regulated activities may extend to other products.

Regulation and Licensing

The sole regulator on file for CMS is the SFC, which is a well-respected financial regulator in Asia. The SFC license number is AGN, and the firm is classified as a 'Regulated' entity under Hong Kong law.

Our cross-check against the SFC public register confirms the licence is active. However, the specific licence type (Type 2 – Dealing in Futures Contracts) suggests CMS is authorised to offer futures trading, which commonly includes forex futures, commodity futures, and index futures.

Products and Services

CMS supports a broad range of trading instruments, including Futures, Commodities, Funds, Stocks, Bonds, Options, ETFs, and Indices. This multi-asset offering positions the firm as a versatile platform for diversified trading strategies.

The company claims to provide 6 trading platforms and 3 account types, though specific platform names and account features are not detailed in regulatory records. The absence of independent user reviews means traders must exercise caution and verify available details directly with the broker.

FXCanary Scam Risk Assessment

FXCanary has assigned CMS a Scam Risk Score of 38 out of 100, categorised as 'Guarded.' This score reflects the presence of a credible SFC regulation and a Hong Kong base, but also accounts for the lack of independent user feedback and limited publicly available information about trading conditions.

Traders are advised to conduct thorough due diligence, including verifying the broker's claims against the SFC register and testing any demo accounts before committing funds.

Overview compiled by FXCanary from regulatory records and public data. full CMS review