C.I.M Banque Review 2024 - Is Legit or Scam | Forexing.com (2024)

C.I.M Banque General Information

Our C.I.M Banque Review

What Must Traders Know Before Opening an Account with the Firm?

With scores of brokerage firms in operation, choosing the best one can be quite the task. Here, we have created the CIM Banque Review to help you understand more about the firm before you choose to trade with them. It is important to note that CIM Banque has collaborated with Interactive Brokers to offer stocks, options, futures as well as forex trading. Read on CIM Banque review to find out more about their services and offerings.

Overview

Founded in 1995, CIM Banque has been successfully operating for over 24 years now. Based in Geneva (Switzerland), the firm is regulated by the Swiss Federal Banking Commission as well as the Financial Industry Regulatory Authority, Securities Investor Protection Corporation, and the Securities and Exchange Commission. This indicates that you can trust the firm with your funds and even for accessing their trading services. The trader funds are essentially held in segregated banking accounts, and for additional security, CIM Banque relies on tier-1 banks, which means that your funds are always secure and safe with the firm.

CIM Banque Trading Conditions and Platform

At CIM Banque, traders have the option of trading numerous financial instruments (around 74 to be precise). The firm offers the MT4 platform for trading through the web as well as mobile devices. CIM Banque has mobile apps for both iOS and Android users, and thus you can place your trades while on the go.

One of the advantages of trading with CIM Banque is that the broker allows you to trade with a very low minimum deposit amount. Based on your requirements, you can create a Standard or Islamic account with CIM Banque. Besides, beginner traders can set up a demo trading account to practice trading before entering the live market conditions. The minimum amount required for opening an account with the broker is 100$. The broker offers a maximum leverage of 200:1, and the minimum spread is 0.5.

Deposits and Withdrawals

To deposit funds with CIM Banque, traders can resort to numerous methods such as Bank Wire Transfer, Neteller, Skrill, UnionPay, Cashu, MasterCard, Visa Card, Moneybookers, and WebMoney. Withdrawals, on the other hand, are processed through Moneybookers, WebMoney, Cashu, Neteller, MasterCard, VisaCard, and Bank Transfers.

Pros and Cons

With CIM Banque, there are several benefits that you will experience as a trader. To begin with, you must know that more than 10,000 traders trust the platform for trading forex, commodities, indices, metals, and other financial instruments.

Another advantage is that they are duly regulated and monitored by multiple regulatory bodies. This means that you will never have to worry about the safety of your funds, especially in cases of dispute. Finally, the minimum amount required for setting up a trading account with CIM Banque is just 100$, which is much lower when compared to other brokers.

The disadvantage is that the firm charges a withdrawal fee which varies by the method of payment. Besides, CIM Banque also charges inactivity fees.

Conclusion

Overall, the firm has an excellent customer system in place with support offered in multiple languages such as English, Chinese, Spanish, German, Italian, and others. Their margin requirements vary by the trader, instruments, and accounts.

Trading Preference

Payment Options

Trading Features

Promotion

Get Latest C.I.M Banque Promotion

Contact Information

User Feedback