What Account Types and Fees Does CMS Prime Offer?
| Account Type |
Target User Group |
Key Characteristics |
Applicability Notes |
| Standard Account |
Beginners and Retail Traders |
High leverage up to 1:500, no commission on trades |
Minimum deposit of $500, suitable for entry-level trading |
| Premium Account |
Intermediate Traders |
Lower spreads starting from 0.8 pips, no commission on trades |
Minimum deposit of $10,000, designed for more experienced traders |
| ECN Account |
Professional Traders |
Access to tight spreads starting from 0.0 pips, commission applies |
Minimum deposit of $20,000, ideal for high-volume trading |
Account Opening Process
To open an account with CMS Prime, follow these steps: 1. Visit the CMS Prime website. 2. Click on “Open Live Account” and choose whether you’re registering as an individual or a company. 3. Fill in the required personal information, including your name, email address, and password. 4. Provide your country of residence and contact information. 5. Choose your account currency. 6. Read and acknowledge the risk warnings associated with forex and CFD trading. 7. Review your information for accuracy. 8. Submit your application. After submission, CMS Prime will review and verify your information. Once approved, you will receive instructions on how to fund your account and start trading. Additional documentation may be required for identity verification, such as ID and proof of address. Note that you may have the flexibility to upgrade your account type later.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
Varies |
$0 |
No commission on standard and premium accounts |
| Forex (Minor Pairs) |
Varies |
$0 |
No commission on standard and premium accounts |
| CFDs (Stocks, Indices, Commodities) |
Varies |
$0 |
No commission on standard and premium accounts |
| Cryptocurrencies |
Varies |
Variable |
Commission may apply on certain accounts |
Other Fees
CMS Prime may impose certain fees that traders should be aware of. These include potential deposit and withdrawal fees depending on the payment method used, inactivity fees for dormant accounts, and overnight interest (swap rates) applicable for positions held overnight. Additionally, currency conversion fees may apply when trading in different currencies, so traders should review the specific terms associated with their accounts thoroughly.
