CIM Banque review
CIM Banque is a Multi-Assets Trading Platform with over 74+ Assets
CIM Banque is a multi asset platform with 74+ tradable Assets. Assets available on CIM Banque include Forex trading, CFD trading, .
CIM Banque trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Forex trading, CFD trading, are considered financial assets.
Features of CIM Banque
- Virtual Portfolio, or what is commonly known as a Demo Account
- CIM Banque offers Advanced Financial Chart comparison tools
- CIM Banque offers Research-backed analysis on financial markets and investments from top analysts
- The CIM Banque platform is available to use on multiple devices including Apple Mac computers, and online through a Web Browser.
- CIM Banque offers a trading platform with tools for both New Traders and Seasoned Experts
- CIM Banque users benefit from using the CIM Banque platform in over 15 different languages
CIM Banque review
What you should know
CIM Banque offer three ways to trade: Forex trading, CFD trading, . The assets and products available to you on the CIM Banque trading platform depends on the region of the world, you are in and the CIM Banque entity you have an account.
With CIM Banque you will need a minimum deposit of $100. You can sign up for a demo account to acquaint yourself with CIM Banque platform.
CIM Banque are able to accommodate various levels of traders whether you are experienced or a beginner.
Are CIM Banque safe?
When considering CIM Banque for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as CIM Banque, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.
Established in 1995, and in operation for 29 years CIM Banque have a head office in Geneva.
CIM Banque is regulated. This means CIM Banque are supervised by and is checked for conduct by the Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC), Securities Investor Protection Corporation (SIPC) regulatory bodies.
CIM Banque withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like CIM Banque are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. CIM Banque are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of CIM Banque and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. CIM Banque has a reputation for efficient and reliable fund transfers, and adhere to the rules of the financial regulators they are regulated with. When you submit a withdrawal request, CIM Banque will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like CIM Banque, you can enjoy peace of mind and focus on your trading activities. If CIM Banque violate any regulatory rules their regulated status could be stripped.
Your capital is at risk
Is my money safe with CIM Banque?
All payments made to CIM Banque by traders are securely held in a segregated bank account.
CIM Banque uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.
What are Tier 1 banks and why should CIM Banque use them?
CIM Banque partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their CIM Banque clients' funds.
CIM Banque clients can have greater confidence in their financial security when working with a Tier 1 bank because CIM Banque are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.
What does it mean to have your funds in CIM Banque deposited in a Tier 1 bank?
Depositing funds with CIM Banque ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if CIM Banque were to go out of business unexpectedly.
Based on the information presented, it is safe to conclude that CIM Banque is a secure and safe platform.
Please be aware that trading in financial assets with CIM Banque carries a risk of loss. CIM Banque trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex trading, CFD trading, due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.
CIM Banque emphasizes this risk on its platform and provides clear risk warnings - Your capital is at risk. After answering some important questions about CIM Banque, let's closely examine its features.
To better understand the CIM Banque trading platform, you can create two separate accounts - one with real money and the other a CIM Banque demo account. A CIM Banque demo account provides a risk-free environment for experimenting with the CIM Banque platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in CIM Banque trading decisions.
Open a demo account Visit CIM Banque
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
How CIM Banque as a Company Compare Against Other Brokers
Broker | cimbanque | IC Markets | Roboforex | eToro |
---|---|---|---|---|
Year Established | 1995 | 2007 | 2009 | 2007 |
Head Office | Geneva | Australia | Belize | Cyprus, UK |
Regulation | Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC), Securities Investor Protection Corporation (SIPC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 |
Used By | 10,000+ CIM Banque users | 180,000+ IC Markets users | 1,000,000+ Roboforex users | 30,000,000+ eToro users |
Negative balance protection | Yes | Yes | Yes | |
Guaranteed Stop Loss | No | No | No | |
Learn More | Visit CIM Banque | Visit IC Markets | Visit Roboforex | Visit eToro |
Risk Warning | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. |
CIM Banque review
CIM Banque Pros and Cons
CIM Banque review
CIM Banque Regulation and Licensing in more detail
CIM Banque is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of CIM Banque going into insolvency. CIM Banque compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like CIM Banque to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for CIM Banque traders.
- Financial Industry Regulatory Authority (FINRA)
- Securities and Exchange Commission (SEC)
- Securities Investor Protection Corporation (SIPC)
CIM Banque is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the brokers' behaviour, and they will take necessary action if things go wrong. Before trading online with a broker like CIM Banque you should be sure they're legitimate online agent.
Is CIM Banque Global?
Yes, CIM Banque is global as CIM Banque is available in over 194 countries.
CIM Banque is a global trading platform in the sense that it operates in 194 countries including nations in Africa, Asia, Oceania, and Europe. Major countries CIM Banque covers include the UK, Germany, South Africa, Thailand, the United States China and Australia. CIM Banque has a total of more than 10,000 users.
CIM Banque review
CIM Banque Fees Explained
- CIM Banque withdrawal fees varies on payment method
- CIM Banque does charge a fee for inactive accounts.
- CIM Banque does charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from CIM Banque are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.
CIM Banque Costs To Check
Modern brokers like CIM Banque provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, CIM Banque may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall CIM Banque trading profitability.
How CIM Banque Fees Compare Against Other Brokers
Broker | cimbanque | IC Markets | Roboforex | eToro |
---|---|---|---|---|
Min Deposit | 100 | 200 | 10 | 100 |
Withdrawal Fees | varies | No | Yes | Yes |
Inactivity Fees | No | No | Yes | |
Deposit Fees | Varies | No | No | |
CFD Commission Fees | Yes | No | Yes |
CIM Banque Minimum Deposit
CIM Banque requires a minimum deposit of 100 GBP/USD/EUR when opening an CIM Banque trading account.
A minimum deposit is the minimum amount of money required by CIM Banque to open a new online brokerage account with them.
Don't be scared off by brokers like CIM Banque charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.
In the trading world, brokers like CIM Banque, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.
Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.
However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.
CIM Banque Withdrawal Fees
The fees for withdrawing funds from your CIM Banque account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your CIM Banque withdrawal request is important.
CIM Banque Withdrawal rules may vary across different brokers when it comes to transferring funds from your CIM Banque or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with CIM Banque may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.
In addition, currency conversion fees may apply if the CIM Banque withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from CIM Banque. Researching and comparing CIM Banque withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing CIM Banque funds frequently or dealing with large sums of money. Awareness of these CIM Banque fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your CIM Banque funds.
For example, CIM Banque allows you to withdraw your funds to Credit cards, Prepaid Cards, Swiss Bankers, Visa, Mastercard, Bank Transfer.
CIM Banque Inactivity Fees
CIM Banque does charge a fee for inactive accounts.
When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by CIM Banque terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.
Make sure you're fully aware of all CIM Banque fees and services. It's recommended that you check the CIM Banque website before signing up. If you decide to close your CIM Banque account, it's important to do so with the CIM Banque broker customer support and obtain confirmation that no remaining CIM Banque fees are due.
Brokers like CIM Banque must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.
Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.
CIM Banque Deposit Fees
CIM Banque do charge deposit fees.
Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.
Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.
CIM Banque Commission Fees
CIM Banque does charge commission on CFD instruments.
Brokerage firms like CIM Banque may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the CIM Banque trading account level held by the trader.
CIM Banque may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing CIM Banque terms and conditions to understand the commission fees and any other charges that may apply is essential.
CIM Banque review
What can you trade with CIM Banque?
It's essential to note that the trading instruments offered under the CIM Banque brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the CIM Banque trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.
You can trade a wide variety of instruments with CIM Banque over 74 instruments in fact.
If you want to trade currency pairs on global Forex markets, CIM Banque offer over currency pairs.
CIM Banque Compared To Other Brokers
Compare CIM Banque with IC Markets and Roboforex below.
How CIM Banque Trading Options Compare Against Other Brokers
Broker | cimbanque | IC Markets | Roboforex | eToro |
---|---|---|---|---|
Instruments Available | 74 | 2250 | 100 | 5000 |
Platforms | Android ,iPhone,Mac,iPade | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
FX / Currencies | ||||
Forex pairs offered | 61 | 35 | 50 | |
Major Forex pairs | No | Yes | Yes | Yes |
Minor Forex pairs | No | Yes | Yes | Yes |
Exotic Forex pairs | No | Yes | Yes | Yes |
Cryptocurrencies (availability subject to regulation) | No | Yes | No | Yes |
Commodity CFDs | ||||
Commodities Offered | 0 | 20 | 21 | 31 |
Metals | No | Yes | Yes | Yes |
Energies | No | Yes | No | Yes |
Agricultural | No | Yes | No | Yes |
Indiced & Stock CFDs | ||||
Stocks Offered | 2100 | 0 | 2042 | |
UK Shares | No | Yes | Yes | Yes |
US Shares | No | Yes | Yes | Yes |
German Shares | No | Yes | Yes | Yes |
Japanese Shares | No | Yes | Yes | Yes |
Risk Warning |
Visit CIM Banque
Your capital is at risk |
Visit IC Markets
Losses can exceed deposits |
Visit Roboforex
Losses can exceed deposits |
Visit eToro
76% of retail investor accounts lose money when trading CFDs with this provider. |
CIM Banque review
Trading on CIM Banque web platforms and other applications
CIM Banque provides traders with a modern custom platform that can be accessed through a browser-based web application. If you would rather see a MT4 brokers, or MT5 brokers you can do so here.
A CIM Banque iOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device.
CIM Banque also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.
See CIM Banque's platformsIs the CIM Banque Trading Platform Secure?
You should take the security of your personal information seriously and check SSL encryption is enabled on the CIM Banque trading platform to protect you on PC and mobile CIM Banque platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using CIM Banque web trading platforms.
CIM Banque Trading Platform Options
CIM Banque does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms.
CIM Banque offers its custom trading platform developed and tested in-house. The CIM Banque trading platform allows traders to track their portfolios and the current markets, locate trade ideas and place trades.
The CIM Banque platform allows traders to filter the financial marketplace for trade opportunities that match criteria.
With CIM Banque, you can examine opportunities with actionable research and stock evaluations. Get streaming real-time information on the CIM Banque platform, including news and quotes. Discover possible trades with the strong charting tools found with CIM Banque. CIM Banque is available as downloadable applications or online through the cloud. Monitor your orders with CIM Banque and receive breaking news in your positions.
CIM Banque Trading benefits
- CIM Banque Low min deposit
CIM Banque Trading Accounts Offered
Below we give an overview of the account types that CIM Banque offer. Whatever you are looking to trade, the varying CIM Banque account types will be able to provide you with what you need.
- CIM Banque Demo account
- CIM Banque Standard account
- CIM Banque Islamic account
Can I try CIM Banque?
CIM Banque provides a demo account that enables individuals to explore trading before investing their funds. By creating a CIM Banque practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the CIM Banque demo account can help individuals to make informed decisions before investing their money.
Open a demo CIM Banque account to practice and trade.
Your capital is at risk
CIM Banque withdrawal and funding methods
It's essential to remember that the payment methods provided by CIM Banque vary based on the CIM Banque entity and the CIM Banque client's country of residence. To view the CIM Banque payment options available, you can log into your CIM Banque member's area.
CIM Banque offers various funding payment methods listed in your CIM Banque dashboard if available in your region. To learn more about the CIM Banque funding and withdrawal options available in your area, you can explore the CIM Banque website.
CIM Banque provides several payment methods for funding your CIM Banque account. You may utilize any of these deposit options if they are available in your region. CIM Banque ensures that users have multiple payment methods to choose from, making it more convenient for verified CIM Banque account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the CIM Banque user's location. learn more about CIM Banque funding and withdrawal methods.CIM Banque Payment Methods
Some CIM Banque payment methods are local and are available only to specific regions. CIM Banque account holders should check which payment methods are provided in your region.- CIM Banque accepts Credit cards
- CIM Banque accepts Prepaid Cards
- CIM Banque accepts Swiss Bankers
- CIM Banque accepts Visa
- CIM Banque accepts Mastercard
- CIM Banque accepts Bank Transfer
Broker | cimbanque | IC Markets | Roboforex | eToro |
---|---|---|---|---|
Bank transfer | Yes | Yes | Yes | Yes |
Credit Cards | Yes | Yes | Yes | Yes |
Paypal | No | Yes | No | Yes |
Skrill | No | Yes | Yes | Yes |
Payoneer | No | No | Yes | No |
Neteller | No | Yes | Yes | Yes |
*please note available CIM Banque and other broker payment methods depend on the clients country of residence.
How can I start trading with CIM Banque?
To open a trading account with CIM Banque, individuals can sign up on the CIM Banque website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.
The next step involves submitting identification documents for CIM Banque account validation and making a deposit. Once completed, CIM Banque users can download the trading platform of their choice.
It's important to note that CIM Banque requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps CIM Banque maintain a trustworthy financial environment for its 10,000 users. Detailed information on the CIM Banque trading platforms is available on their website.
Your capital is at risk
Performing trades with CIM Banque
When using CIM Banque, the minimum trade size is typically varies units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. CIM Banque have a max trade of varies.
CIM Banque, as a market maker, may have more lenient entry requirements than ECN brokers, who typically benefit from higher trading volumes and may have larger capital and minimum trade requirements. Market makers usually offer a lower minimum deposit and smaller minimum trade requirements and do not charge commissions on trades. Market makers like CIM Banque can be useful for traders starting or with limited capital.
Like other brokers, CIM Banque margin requirements can differ depending on the traded instrument.
CFD Trading on CIM Banque
We will show you an example of the basics of using CIM Banque leverage.
CFD trading on CIM Banque allows traders to speculate on the price movements of various financial instruments against the broker CIM Banque, without actually owning real assets. With CFDs, CIM Banque traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.
CIM Banque provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.
The effect of leverage on profits and losses magnifies them in both directions. In other words, CIM Banque leverage profits and losses are magnified when trading. For instance, using CFDs, you use the CIM Banque trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.
On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, CIM Banque leverage magnifies both profits and losses in trading.
Trading CFD trades on the CIM Banque platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.
Experienced CIM Banque traders can trade high risk CFD trades to hedge items in their portfolio.
Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Your capital is at risk
Education Resources at CIM Banque
To trade effectively with CIM Banque, it's important to have a good understanding of the CIM Banque trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with CIM Banque and externally.
CIM Banque . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with CIM Banque. Familiarizing yourself with the CIM Banque trading platform is crucial to use it effectively.
While learning, you can also use global trading times to practice making live buy or sell trades using CIM Banque. This hands-on experience can help you gain confidence and become more comfortable with trading.
Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with CIM Banque involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.
Learning about the financial markets, trading platforms like CIM Banque, and risk management techniques can help you become a more confident and successful trader.
Take an analytical approach to trading with CIM Banque. Explore the CIM Banque platform and train yourself to think systematically and logically about the markets.
While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with CIM Banque, before live trading.
Customer Support at CIM Banque
As part of our CIM Banque review, we review customer service options, response times and problem resolution effectiveness on the CIM Banque trading platform. The CIM Banque trading platform supports multiple languages, which includes English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.
CIM Banque Available Support Types
Based on our experience, we have given CIM Banque a D grade for customer support. We encountered some slow response times or CIM Banque queries that were left unanswered.
Compared to other brokers, CIM Banque offers fewer customer support features. They do not provide live chat support, and their phone and email support can also be slow.
email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.Livechat Support at CIM Banque
Our team tested the live chat support of CIM Banque and found it to be satisfactory. While we received a response within 25 minutes on most occasions, there were instances where we did not receive a response at all.
In addition, we tested CIM Banque support services in various countries and languages and found that CIM Banque were able to effectively resolve our customer issues.
Email Support at CIM Banque
We tested the email support of CIM Banque by sending 25 emails simultaneously, and our experience was mixed. While the answer times were generally excellent, with the fastest response being 3 hours, the slowest response was 6 days. We also encountered some instances where we did not receive any CIM Banque response.
The CIM Banque team did resolve and answer our queries, but the email support from CIM Banque was overall average compared to other brokers we have tested.
Phone Support at CIM Banque
We contacted CIM Banque via phone and received quick assistance within 10 minutes of our call.
The CIM Banque phone support team proved to be helpful and able to resolve our queries and issues over the phone. We also tested the multilingual support provided by CIM Banque and found that they could assist us in various languages.
While we found the CIM Banque phone support satisfactory, there is room for improvement in response time.
See how CIM Banque Support Compares Against Other Brokers
Broker | cimbanque | IC Markets | Roboforex | eToro |
---|---|---|---|---|
Support |
|
|
|
|
Languages | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | English, German, Spanish, French, Italian |
Learn More | Visit CIM Banque | Visit IC Markets | Visit Roboforex | Visit eToro |
Risk Warning | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. |
What you will need to open an account with CIM Banque
As CIM Banque is regulated by Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC), Securities Investor Protection Corporation (SIPC).
As a new client of CIM Banque, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with CIM Banque in your region. During the CIM Banque account opening process, you will be asked to provide CIM Banque with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.
When registering with CIM Banque have the following documents available.
- CIM Banque require a scanned colour copy of your passport, driver's license or national ID card.
- A recent utility bill or bank statement that confirms your residential address for CIM Banque compliance. This must be dated within the last six months.
- If you plan to fund your CIM Banque account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the CIM Banque platform.
It's worth noting that the expiration date of the proof of address document may differ for different entities under CIM Banque Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring CIM Banque's platform.
However, remember that you won't be able to make trades on CIM Banque until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the CIM Banque KYC compliance process as soon as possible to avoid any delays in accessing the CIM Banque platform's features.
It is important to note that CIM Banque may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the CIM Banque platform and features immediately. However, you must pass the verification process to start live trading with CIM Banque, which can take up to a few business days.
To start the process of opening an account with CIM Banque you can visit the CIM Banque trading platform here.
Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.
CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from https://www.cimbanque.com on March 26, 2024.
Is CIM Banque A Good Broker?
We have spent over 5 years examining CIM Banque in depth. Although we found some very useful aspects of the CIM Banque platform that would be useful to some traders. We feel that a alternative to CIM Banque may better suit you.
- CIM Banque have a good track record of offering Forex trading, CFD trading, .
- CIM Banque has a history of over 29 years.
- CIM Banque has a reasonable sized customer support of at least 10.
- CIM Banque are regulated by the Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC), Securities Investor Protection Corporation (SIPC). CIM Banque is subject to strict regulatory oversight from its respective jurisdiction, which holds CIM Banque (the broker) accountable for misconduct. This regulatory framework helps ensure that CIM Banque operates fairly and transparently and provides CIM Banque customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and CIM Banque.
- CIM Banque have regulation from reputable regulators.
- One of the advantages of using CIM Banque is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from CIM Banque are particularly important as CIM Banque traders want to receive their money quickly. With the efficient CIM Banque payment processing system, traders can enjoy faster access to their CIM Banque funds.
- CIM Banque have an international presence in multiple countries. Including local CIM Banque seminars and training.
- CIM Banque can hire people from various locations in the world who can better communicate in your local language.
CIM Banque Risk Disclosure
Your capital is at risk
Trading Risk Disclaimer
Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.
You will be exposed to a high risk of loss regarding leverage and margin-based trading.
Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.
It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.
Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.
CIM Banque not quite right?
If after reading this CIM Banque review, CIM Banque does not fulfill your needs check out these CIM Banque Alternatives.
Click here to view the best CIM Banque Alternatives
We have spent years researching the best alternatives to CIM Banque. Click the links below to learn more.
After extensive research over several years, we have compiled a list of the most effective CIM Banque alternatives available today. If you are unsatisfied with CIM Banque or want to explore other options, we recommend checking out our carefully curated list of highly-rated CIM Banque alternatives. Follow the links below to learn more about these CIM Banque broker alternatives and choose the one that best suits your trading needs.
- IC Markets Review
- Roboforex Review
- eToro Review
- XTB Review
- XM Review
- Pepperstone Review
- AvaTrade Review
- FP Markets Review
- NordFX Review
- easyMarkets Review
- SpreadEx Review
- FxPro Review
- Plus500 Review
- Admiral Markets Review
- ThinkMarkets Review
- FXPrimus Review
- Trading 212 Review
- ForexMart Review
- Eightcap Review
- ForTrade Review
- Interactive Brokers Review
- Forex.com Review
- IG Review
- Robinhood Review
- Coinbase Review
- Binance Review
- ETX Capital Review
- Core Spreads Review
Related CIM Banque Vs Comparisons
Throughout our comprehensive CIM Banque review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.
If you're interested in comparing CIM Banque against other popular brokers in the industry, check out our CIM Banque Vs pages. Our team has compiled a series of detailed CIM Banque comparison articles, pitting the CIM Banque platform against some of the best-rated CIM Banque competitors in the market. Dive into our informative CIM Banque Vs pages below to find out how CIM Banque stacks up against other leading brokers.
- CIMBanque vs ICMarkets
- CIMBanque vs Roboforex
- CIMBanque vs eToro
- CIMBanque vs XTB
- CIMBanque vs XM
- CIMBanque vs Pepperstone
- CIMBanque vs AvaTrade
- CIMBanque vs FPMarkets
- CIMBanque vs NordFX
- CIMBanque vs easyMarkets
- CIMBanque vs SpreadEx
- CIMBanque vs FxPro
- CIMBanque vs Plus500
- CIMBanque vs AdmiralMarkets
- CIMBanque vs ThinkMarkets
- CIMBanque vs FXPrimus
- CIMBanque vs Trading212
- CIMBanque vs ForexMart
- CIMBanque vs Eightcap
- CIMBanque vs ForTrade
- CIMBanque vs InteractiveBrokers
- CIMBanque vs Forex.com
- CIMBanque vs IG
- CIMBanque vs Robinhood
- CIMBanque vs Coinbase
- CIMBanque vs Binance
- CIMBanque vs ETXCapital
- CIMBanque vs CoreSpreads
CIM Banque review
CIM BANQUE Frequently Asked Questions
Read our detailed CIM Banque FAQ Section updated for 2024.
Can I try CIM Banque?
CIM Banque offer a demo account so you can try the CIM Banque platform with virtual trading before you put down a payment. Virtual trading with CIM Banque is zero risk. Learn more here
What funding methods do CIM Banque accept?
Please note that the list of payment methods below depends on the CIM Banque Entity and the client's Country of Residence.
CIM Banque offer the following funding payment methods Credit cards, Prepaid Cards, Swiss Bankers, Visa, Mastercard, Bank Transfer, among other payment methods.
Learn more here
Is CIM Banque safe?
CIM Banque have over 10,000 users. CIM Banque are considered reliable as they are regulated by and checked for conduct by the Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC), Securities Investor Protection Corporation (SIPC). Any payments funded to CIM Banque accounts by traders are held in a segregated bank account. For added security,CIM Banque use tier-1 banks for this. Tier 1 is the official measure of a bank's financial health and strength.Trading with CIM Banque is risky, and because the market is so volatile, losses could happen at any time. Do not invest with CIM Banque unless you are prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
Your capital is at risk
Is CIM Banque trading good?
CIM Banque is considered good and reputable to trade with CIM Banque. CIM Banque is used by over 10,000 traders and CIM Banque users. CIM Banque offers Forex trading, CFD trading, and trading. Minimum deposit with CIM Banque is 100.
Is CIM Banque trading Legit?
CIM Banque was founded in Geneva in 1995. CIM Banque has been facilitating trade on the financial markets for over 29 years. CIM Banque offers clients Forex trading, CFD trading, and trading. All funds deposited to CIM Banque are held in segregated bank accounts for security. CIM Banque is regulated by Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC), Securities Investor Protection Corporation (SIPC) so can be considered legit.
Is CIM Banque a good broker?
CIM Banque allows Forex trading, CFD trading, and trading. CIM Banque is overseen by the top tier financial regulators Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC), Securities Investor Protection Corporation (SIPC) so can be considered a good broker.
Is CIM Banque trustworthy broker?
CIM Banque is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to CIM Banque, money is in a segregated bank account that is separate from CIM Banque company's funds. As a regulated broker, CIM Banque cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by CIM Banque. Instead, your CIM Banque funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with CIM Banque. Also CIM Banque is regulated in its local jurisdictions including major financial regulators like Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC), Securities Investor Protection Corporation (SIPC).
What is the minimum deposit for CIM Banque?
The minimum deposit to trade with CIM Banque is 100.
How long do CIM Banque withdrawals take?
Withdrawing money from CIM Banque processing time varies depending on the method but averages 1-5 days.
Is CIM Banque regulated?
CIM Banque is regulated by the Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC), Securities Investor Protection Corporation (SIPC). Regulatory bodies conduct regular reviews and audits as part of CIM Banque maintaining their regulatory status. You can learn more about these reviews on the regulator websites.
Is CIM Banque a market maker?
CIM Banque is not a market maker. A market maker speeds up trading as a market maker will purchase or sell your stocks and commodities even if a buyer or seller is not lined up.
How can I start trading with CIM Banque?
When opening a trading account with CIM Banque, you will need to sign up here. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on CIM Banque trading platforms, you can follow the link provided below: Learn more about signing up with the CIM Banque trading platform here. This will provide useful information and insights into the various trading platforms offered by CIM Banque, enabling you to make an informed decision about which platform to choose for your trading needs.
Is my money safe with CIM Banque?
Yes your money is safe with CIM Banque.
Overall, strict financial regulation is essential for ensuring that trading platforms like CIM Banque operate fairly, transparently, and responsibly, which ultimately benefits all CIM Banque stakeholders involved.
Trading platforms like CIM Banque must have strict financial regulation for several reasons:
- Protecting CIM Banque Investors: Strict financial regulation ensures that investors who use the CIM Banque trading platform are protected against fraudulent or unethical behavior by the CIM Banque platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the CIM Banque platform.
- Maintaining CIM Banque Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the CIM Banque trading platform. Regulatory procedures reduce the likelihood of the CIM Banque platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
- Enhancing CIM Banque Transparency: Regulations require trading platforms like CIM Banque to maintain detailed records and disclose CIM Banque client information. Financial regulatory requirements enhances transparency and helps to build trust between the CIM Banque platform and its investors.
CIM Banque is regulated by the Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC), Securities Investor Protection Corporation (SIPC). When selecting a broker such as CIM Banque, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, CIM Banque ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like CIM Banque.
Is CIM Banque a con?
CIM Banque is regulated and well established, having been in business for over 29 years. CIM Banque is not a con.
Can you make money with CIM Banque?
Although traders have had great success with CIM Banque, trading on the financial markets with CIM Banque is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.
Does CIM Banque have fees?
CIM Banque withdrawal fees vary on payment method.CIM Banque does charge a fee for inactive accounts. CIM Banque do charge deposit fees.
When was CIM Banque founded?
CIM Banque was founded in 1995.
How many people use CIM Banque?
CIM Banque is used by over 10,000 registered CIM Banque users.
What is CIM Banque Headquarters country?
CIM Banque has its head quarters office in Geneva .
Does CIM Banque offer negative balance protection?
CIM Banque does not offer negative balance protection. With Negative balance protection, traders cannot lose more money than they have deposited.
Does CIM Banque offer guaranteed stop loss?
CIM Banque does not offer guaranteed stop loss. With guaranteed stop loss protection, risk is managed. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.
Does CIM Banque allow scalping?
CIM Banque does not offer scalping.
Does CIM Banque allow hedging?
CIM Banque does not offer hedging.
Does CIM Banque offer CFD trading?
CIM Banque offers CFD trading.
Does CIM Banque offer STP?
CIM Banque does not offer STP trading.
How many people use CIM Banque?
CIM Banque is used by over 10000 CIM Banque users and traders.
Is CIM Banque an ECN broker?
CIM Banque does not offer ECN trading.
Does CIM Banque offer a demo account?
CIM Banque offers a demo account.
Does CIM Banque offer an Islamic account?
CIM Banque offers an Islamic account.
What are the funding methods for CIM Banque?
Please note that funding methods and options available with CIM Banque can be found in the CIM Banque Members area and depend on the CIM Banque client’s country of residence. Please check your specific available payment methods on the CIM Banque website. CIM Banque accept the following funding methods : Credit cards, Prepaid Cards, Swiss Bankers, Visa, Mastercard, Bank Transfer.