High Risk
Reported as a scam / unregulated
SF-708028registry entry
Why CMSTrader is on the register
CMSTrader claimed to be registered with Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) with license number 1606IBC2018. However, We can not find any matching result in SVG FSA. CMSTrader is not registered with SVG FSA now. On 8 Jul 2022, BrokersView found the domain is not working, as most probably it was suspended and it is always a bad sign that broker’s website is suspended. It is possible that CMSTrader is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.