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I had some terrible problems with the demo account, mainly being unable to set stops and limits. Kept running into javascript errors, then the crash hang. Unable to get on for 3-10 hours during a normal trade day. I was able to troubleshoot it back to their server program, so it wasn't my computer or connection causing it.
Steadily, I lost 70% of my demo cash. Not because I'm a bad trader, simply because the platform didn't work correctly. The problem occured most obviously while trading multiple currencies.
After looking checking out their FORUM, I discovered that others had the same problem (but with live accounts...just awful) in the exact same time frames when my troubles occurred.
I wanted to reset the demo account and start over, so thinking it might do it if I ran it down to zero, I launched into a total loss trading scheme. Unfortunately it backfired in a way - the ridiculous stops and limits I set for different currencies vaulted the old balance up 600%. Then it crashed when the limits were hit. Although I can prove that the trades were there - right place, right time - some kind of payoff should have taken place, but miraculously, the old balance was unchanged - no increase in funds.
So I had to ask myself, "what if it had been real money?". The platform would have screwed me big time. Then I thought, "Why would you create a platform designed to kill off potential customers?" They want people to get live accounts, right?....that's how they make their money...why would they turn them off from the get go?
So I decided to email my account manager and get some answers. I also requested that the account be reset if possible.
It's been two weeks now, and still no reply.
I'm thinking, and so are my friends, that this is a scam outfit.

I have been trading with CMS for 3 years and just started to get profitable (yes really) so I came looking to see if I could continue with these people. I am pleased to see that it looks like the answer is 'yes'.

Just for the record I also run an FXCM account and have discovered the following:- a trailing stop is a double-edged sword; when spreads are large on FXCM then slippage or re-quote is likely on CMS, the same can happen when the price is bouncing around a lot; sometimes there have been large spikes on prices and I have mostly made profit if I happened to be watching at the time (in and out in less than 1 minute).

I am fairly happy with CMS. Reading other peoples' rants about various brokers it seems CMS are Ok. I emailed them about a year ago to check their opinion/view on scalping and they replied that they had no objection to traders who wanted to do that. My own experience is that scalping can be very high risk and traders should bear that in mind against the market conditions when trading.

About 15 posts down you will find an entry by Keith Mason (also from the UK). I cannot disagree with anything he has written. To succeed in this arena you need determination, persistence and the ability to learn from your mistakes. Anybody who is unable to see their own contribution to a losing trade (especially the bigger losers) had better stick with demo accounts.

Here's wishing you successful trading and a prosperous New Year!
60% of my exists are reqoutes. If I dont have a limit order set then I have trouble closing a postion. This all started after complaining about several price spikes that were costing me money. They gave me back 50% of my losses on those, (thanks for giving me back MY money, SNAKES) but then thats when the reqoutes started. I was happy with them untill then