Overall CIM Banque is considered low-risk with an overall rating of 8 out of 10. CIM Banque is regulated and supervised and checked for conduct by FINRA and offers leverage up to 1:200.
CIM Banque at a Glance
| 🔎 Broker's Name | C.I.M Banque |
| 📍 Headquartered | Geneva Switzerland |
| 📅 Year Founded | 1995 |
| ⚖️ Regulating Authorities | Swiss Federal Banking Commission, Financial Industry Regulatory Authority, Securities Investor Protection Corporation, and the Securities and Exchange Commission. |
| 🌐 Countries not accepted for trade | No countries indicated on the website |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | 1:200 |
| 💰 Minimum Deposit | $100 / R 1661 |
| 💳 Deposit Options | Bank Wire Transfer, Neteller, Skrill, UnionPay, Cashu, MasterCard, Visa Card, Moneybookers, and WebMoney. |
| 💳 Withdrawal Options | Bank Wire Transfer, Neteller, Skrill, UnionPay, Cashu, MasterCard, Visa Card, Moneybookers, and WebMoney. |
| 💻 Platform Types | MT4 platform for web and mobile devices. |
| 📱 OS Compatibility | Web, iOS, and Android |
| 📈 Tradable assets offered | Bonds, funds, stocks, commodities |
| 👨💼 Languages supported on Website | English, French, Italian, Spanish, Russian, German, Japanese |
| 👥 Customer Support Languages | English, French, Italian, Spanish, Russian, German, Japanese |
| 📆 Customer Service Hours | 24/7 |
| 🚀 Open an Account | 👉 Click Here |
Min Deposit
USD 100
Regulators
FINRA, SEC, SIPC
Trading Platform
MT4
Crypto
No
Total Pairs
100
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Choose your short section of our CIM Banque review below.
CIM Banque Review – 17 key points quick overview:
Through C.I.M. Bank, in collaboration with Interactive Brokers – a global leader in brokerage – clients can trade stocks, futures, options, and forex directly in the markets and receive instant execution of their orders.
CIM Banque Overview
According to research in South Africa, C.I.M Banque is a Swiss Private Bank based in Geneva, Switzerland, and Wollerau and Lugano.
This makes the broker quite trustworthy to invest with and utilize their trading services. Clients’ funds are kept in segregated banking accounts, and for additional security, C.I.M. Banque uses tier-1 banks, which means that traders’ funds are always secure and safe with the firm.
The broker offers its clientele tailored services as well as an understanding of each client’s needs, making use of experts – either in private banking or in corporate banking – for knowledge and advice so that clients can enjoy a smooth banking experience.
The process of opening an account can be executed 100% online, after which clients can benefit from services that include the following:
E-banking
Apple Pay, Samsung Pay, Google Pay
Trading with Interactive Brokers
They have access to market data 24 hours a day and 6 days a week to stay connected to global markets and can trade and get live price executions on 12 markets, 31 countries, and on 22 currencies.
CIM Banque Safety and Security
One of the best benchmarks to measure the safety of a broker like C.I.M Banque is to establish which regulating authorities are watchdogs over its actions.
When choosing a broker like C.I.M. Banque the administrative body and regulatory status of the broker are of utmost importance since brokers who conduct trades without the supervision of a regulatory body do so at their own discretion and their capital invested may be at risk.
C.I.M. Banque is regulated and supervised and checked for conduct by the Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC), and Securities Investor Protection Corporation (SIPC) regulatory bodies.
Such a regulated broker will not manipulate market prices and any withdrawal request sent to C.I.M. Banque will be honored.
If C.I.M. Banque violates any of these regulatory rules it could be stripped of its regulated status.
Min Deposit
USD 100
Regulators
FINRA, SEC, SIPC
Trading Platform
MT4
Crypto
No
Total Pairs
100
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
CIM Banque Leverage
Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.
Leverage amount is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. If you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate to 500:1.
Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g., 5% or 1%), and you must have funds in your trading account to ensure sufficient margin.
For example, on a 1% margin, a position of $1,000,000 will require a deposit of $10,000. The margin level in a trading account needs to be equal to or more than 100% to be able to open new trades, otherwise, your trading account will be fully hedged.
C.I.M Banque offers a maximum leverage ratio of 1: 200
CIM Banque Accounts
A forex account at C.I.M Banque is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies.
Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against the Islamic faith.
Often, the number and type of accounts that a trader can open with a broker company differ depending on the country in which it operates and the regulatory authorities under whose jurisdiction it falls.
CIM Banque offers the following types of accounts:
Private Banking
Corporate Account
CIM Banque Market instruments
The most popular market instruments available from most brokers for trading include:
Forex
Forex trading describes the currency exchange market which refers to the global, decentralized marketplace where individuals, companies, and financial institutions exchange currencies for one another at floating rates.
Commodities
Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and plays a significant role in portfolio diversification and risk management. Investing in contract-based tradable goods is a reliable way to mitigate risk during times of economic uncertainty.
Indices
Equity, or stock indices, are actual stock market indexes that measure the value of a specific section of a stock market. They can represent a specific stock market or a specific set of the largest companies of a nation.
Precious metals
The trading of gold and other precious metals, along with crude oil, copper, or petroleum, are hard commodities that play a significant role in the commodities market and are contract-based tradable goods.
Energy
The typical feature of energy prices is high volatility due to political and environmental factors, supply and demand, extreme weather conditions, and global economic growth.
C.I.M Banque offers over 74 instruments of the above, including bonds, funds, stocks, and commodities.
CIM Banque Fees
Cost depends on varied factors, like spread and margins, and C.I.M Banque clients may also experience different fee structures according to their country or place of residence.
The spread of a currency pair is the difference between the bid and the asking rate. A pip represents the smallest increment that an exchange rate can move.
Margin is the amount of money required in your account to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position, and the leverage applied to your trading account.
C.I.M Banque does charge a commission on CFD instruments.
Withdrawal and inactivity fees are charged, and withdrawal fees vary according to the payment method.
C.I.M. Banque does charge a fee for inactive accounts as well as deposit fees.
Min Deposit
USD 100
Regulators
FINRA, SEC, SIPC
Trading Platform
MT4
Crypto
No
Total Pairs
100
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
CIM Banque Deposit and withdrawal
Accounts usually require a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done in the same ways, but sometimes differ.
In the case of C.I.M Banque, the following minimum deposit amount of $100 is required and several payment methods can be used to fund an account. These include:
Bank Wire Transfer
Neteller
Skrill
UnionPay
Cash
MasterCard
Visa Card
Moneybookers
WebMoney
CIM Banque Trading Platforms
The forex trading platform provided by C.I.M Banque to its clients is the software to carry out their trades. Some brokers provide only one, and others quite a few platforms.
A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade.
C.I.M Banque provides an MT4 platform for the web and both iOS and Android mobile devices.
How to open a CIM Banque account step by step
Set up and registering for an Account with C.I.M Banque is a straightforward process and you can do it as follows:
Step 1 – Open Your Account
Similarly, to a bank, to register a forex trading account with C.I.M Banque for the first time, you will be required to go through a basic “know your customer” process, which will allow C.I.M Banque to ascertain that your submitted details and ensure the safety of your funds and account details.
- Step 2 – Fill out the form
With C.I.M Banque the process entails customers can open a demo or a live account from the company website.
Min Deposit
USD 100
Regulators
FINRA, SEC, SIPC
Trading Platform
MT4
Crypto
No
Total Pairs
100
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
CIM Banque Current Popularity Trend
As According to Google Trends, here is an overview of how frequently the search term – “CIM Banque” is entered into Google’s search engine over a given period of time.
CIM Banque vs Etoro vs XM – Comparison Table
| 🔎 Broker | 🥇CIM Banque | 🥈 eToro | 🥉 XM |
| 💰 Minimum Deposit | $100 / R 1661 | $1000 USD | $5 USD |
| 📝 Sign-Up Bonus | No | ☑️ Yes | ☑️ Yes |
| ➕ Max. Leverage | 1:200 | 1:400 | 1:888 |
| 💵 Currency Pairs | 100 | 47 | 57 |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
CIM Banque Best Countries by Traders
| 🌎 Country of Trade | 📌 % of Traders |
| 🥇Russia | 24.71% |
| 🥈Switzerland | 14.22% |
| 🥇Ukraine | 7.79% |
| 🥈Thailand | 7.34% |
| 🥇France | 5.42% |
CIM Banque Customer Reviews
I am using CimBanque for a while now.
I am using CimBanque for a while now and I have had a very positive experience with them, after a KYC process, I started to use the bank and was issued a credit card. I did a lot of research on this bank and it is very legitimate and protected by all the standards of Swiss banking. They have both email customer support as well as a call center and I have promptly received service every time I needed anything. I was also assigned a personal account manager to handle all my needs.
CIM Banque broker
CIM Banque broker is one of the reliable brokers among the reliable brokers. I have joined them for 2 years and from my trading experience, their service is good and does not give me trouble during trading activity. The trading platform is good to use and the execution speed is also fast. Spread that start from 1 pip is one of the reasons why I choose this broker because it’s easy to trigger my take profit and pending orders. So far my withdrawal was always approved on time and it took around 1-2 days only for them to complete the transaction. They have provided various methods of payment and I choose bank wire because it is more convenient for me. My capital is $200 and I withdraw all the profit every month and retain the capital to start over. All in all this broker have good trading conditions and I recommend this broker for newbie because they can make a deposit as low as $10.
CIM Banque is an honest broker.
CIM Banque is an honest broker. I never had any trouble with the withdrawal of my funds because they process it as quickly as possible. They also don’t have any hidden fees. Their MT4 platform runs smoothly, and the order execution is fast enough to get the desired price. I think it is worth giving this broker a try if you are planning to do Forex trading.
CIM Banque Pro and cons
| ✔️ Pros | ❌ Cons |
| The minimum amount required for setting up a trading account is just 100$ | Charges a withdrawal fee which varies with the method of payment |
| More than 10 000 traders trust the platform | Charges inactivity fees. |
| Regulated and monitored by multiple regulatory bodies |
Conclusion
Overall, CIM Banque is trustworthy to invest in and utilize their trading services. Clients’ funds are kept in segregated banking accounts, and for additional security, C.I.M. Banque uses tier-1 banks.CIM Banque offers traders the MetaTrader suite of platforms as well as a basic web and mobile app.CIM Banque has a Maximum Leverage of 1:200.
Disclaimer
C.I.M Banque warns potential customers that Forex and CFDs trading always carries a substantial risk and may not be suitable for all investors.
Before deciding to trade with C.I.M Banque, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.
C.I.M Banque warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable, hence C.I.M Banque cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.
Frequently Asked Questions
Trading environment
Which platforms are supported by C.I.M Banque?
C.I.M Banque provides the following popular trading platforms:
MT4 platform for web
iOS or Android mobile devices
What type of broker is CIM Banque?
CIM Banque is a legit forex trading company and is a fully regulated and transparent broker with high operational standards, low trading fees, superior service delivery, and helping investors reach their objectives. It caters to all types of traders with different levels of experience.
What are the advantages of trading with CIM Banque?
CIM Bank provides multi-currency current accounts, free online account opening, e-banking, and free prepaid card.
Is CIM Banque a fake or a scam?
CIM Banque is a legit forex trading company and is a fully regulated and transparent broker with high operational standards, low trading fees, superior service delivery, and helping investors reach their objectives.
What is the overall rating out of 10 for CIM Banque?
8/10
Top 4 Brokers
