CIM Banque Review for 2019

CIM Banque Rated 3/5
CIM Banque have a low rating. We recommend you look at one of their alternative brokers.
Good alternatives to CIM Banque

CIM Banque Introduction

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of CIM Banque we break down the pros and cons. What CIM Banque are able to offer, what countries CIM Banque are available in. Who CIM Banque are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Open CIM Banque's Website

As with any investment your capital is at risk, losses can exceed deposits.

At the bottom of this review you can also learn about some pretty good alternatives to CIM Banque

With this review we hope to help you see if CIM Banque is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding CIM Banque that will help you get off to a good start in the world of online trading.

CIM Banque what you should know

CIM Banque offer three ways to trade: Forex trading, CFD trading, .

With CIM Banque you will need a minimum deposit of $Euros 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 choosing a broker like CIM Banque the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 1995, and in operation for 24 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, Securities and Exchange Commission, Securities Investor Protection Corporation regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to CIM Banque, this will be honored. If CIM Banque violate any regulatory rules their regulated status could be stripped.

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 banks financial health and strength.

Try creating two accounts when you are working with CIM Banque. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

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.

What we like

  • Used by over 10,000 traders
  • Established in 1995
  • Regulated by Financial Industry Regulatory Authority, Securities and Exchange Commission, Securities Investor Protection Corporation
  • Min. deposit from $Euros 100
  • unlimited demo account

What we don't like

CIM Banque General Fees

  • CIM Banque withdrawal fees varies on payment method
  • CIM Banque does charge inactivity fees

CIM Banque Commissions

  • CIM Banque does charge commission on CFD shares

What can you trade with CIM Banque?

You can trade a wide variety of instruments with CIM Banque over 74 instruments infact.

If you are looking at trading currency pairs CIM Banque offer over currency pairs.

Compare CIM Banque with Interactive Brokers and XTB below.

FX / Currencies cimbanque IB XTB
# of forex pairs offered 10 50
Major forex pairs No Yes Yes
Minor forex pairs No Yes
Exotic forex pairs No Yes
Cryptocurrencies No No Yes
Commodity CFDs CIM Banque Interactive Brokers XTB
# of commodities offered 0
Metals No Yes Yes
Energies No Yes Yes
Agricultural No Yes Yes
Indiced & Stock CFDs CIM Banque Interactive Brokers XTB
# of Stocks offered 1500
UK Shares No Yes Yes
US Shares No Yes Yes
German Shares No Yes Yes
Japanese Shares No Yes Yes
cimbanque's
Instruments
IB's
Instruments
XTB's
Instruments

Trading on CIM Banque web platforms and other applications

CIM Banque offer a user-friendly custom trading platform, available as both a downloadable program or as a browser based WebTrader. If you are looking for a MetaTrader broker, see our comparison of MT4 brokers here.

An 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, making it easier to keep an eye on and execute your trades while you’re on the move.

See cimbanque's platforms

CIM Banque Trading benefits :

  • Low min deposit

CIM Banque Trading Accounts offered:

  • Standard account
  • Islamic account

Can I try CIM Banque before I buy?

CIM Banque offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

What funding methods do CIM Banque accept?

CIM Banque offer the below funding payment methods. learn more about CIM Banque

  • Bank Transfer
  • Skrill
  • Neteller

How can I start trading with CIM Banque?

When opening a trading account with CIM Banque, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on CIM Banque trading platforms here.

Performing trades with CIM Banque

CIM Banque allow you to execute a minimum of trade of varies. This may vary depending on the account you open. CIM Banque allow you to execute a maxium trade of varies.

As a market maker, CIM Banque may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, CIM Banque offer margin up to % on currencies.

Support at CIM Banque

CIM Banque support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

What you will need to open an account with CIM Banque

As CIM Banque is regulated by Financial Industry Regulatory Authority, Securities and Exchange Commission, Securities Investor Protection Corporation, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore CIM Banque's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with CIM Banque you can visit their website here.

CFDs are leveraged products and can result in the loss of your 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 as investment advice. All information collected from https://www.cimbanque.com on 12th August 2018.

CIM BANQUE Frequently Asked Questions

Can I try CIM Banque before I buy?

CIM Banque do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here

What funding methods do CIM Banque accept?

CIM Banque offer the below funding payment methods Bank Transfers, Skrill, Neteller, among other payment methods. Learn more here

How can I start trading with CIM Banque?

When opening a trading account with CIM Banque, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on CIM Banque trading platforms here.

Is my money safe with CIM Banque?

CIM Banque is regulated by Financial Industry Regulatory Authority, Securities and Exchange Commission, Securities Investor Protection Corporation. One of the most important criteria for traders when choosing a broker like CIM Banque is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to CIM Banque, this will be honored. If they violate any regulatory rules their regulated status can be stripped.