Forex brokers rating. Find out what brokers traders trust.

This web resource is meant for accomplished traders who are interested in changing their broker and also beginners who are in search of their first broker. Every visitor to ForexRating can compare forex brokers available in the market nowadays and choose the best company to suit their needs. Apart from a comparative analysis of forex brokers, the web resource contains an honest rating of forex brokers which are ranked entirely on the grounds of your votes. By ForexRating, you can judge a degree of trust that traders put in a particular forex broker.

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CIM Banque reviews

6/10 (votes 2374)

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On-line since: 1990
Country of origin: Switzerland
Regulation: Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC), Securities Investor Protection Corporation (SIPC)
Payment options: bank transfer, Neteller, and Skrill
Minimum account size: $100
Minimum lot size: -
Leverage: -
Spreads: -

Forex broker CIM Bank is a private Swiss bank. Along with traditional banking and depository activity, CIM Bank also provides access to online assets trading in various international financial markets. CIM Bank was established in 1990 under the name of Unibank. Three years later, the name was changed to CIM Banque. The bank offers different types of accounts including private, commercial, and deposit accounts. Its official website www.cimbanque.com is available in 7 languages, namely French, English, Italian, Russian, Spanish, Portuguese, and German. The bank’s offices are based in Geneva, Wollerau, and Lugano.

Trading conditions

CIM Bank clients can trade various financial instruments such as bonds, exchange traded funds, and stocks. In addition, with CIM Bank’s partner Interactive Broker, customers can get access to trading currency pairs, options, and futures. Novice traders have an option to start trading on a demo account. There are no promotions and bonuses available. The minimum deposit is $100.

Trading platforms

With CIM Bank, traders can choose between two trading platforms: MetaTrader4 and FX System.

Customer support service

CIM Bank customer support is available from Monday to Friday with business hours from 09.00 am to 06:30 pm. Its website features addresses and contact numbers of representative offices. Customers can also fill in a contact form.

Deposit and withdrawal of funds

It is possible to withdraw and deposit funds at CIM Bank only through a bank transfer or Neteller and Skrill services.

Traders’ review

A few positive reviews about CIM Bank can be found on the network. However, this is not enough to get a full picture of what traders think about this broker.

Advantages and disadvantages

Advantages:

regulated broker
vast experience
affordable minimum deposit
demo account available

Disadvantages:

insufficient information on the website
limited methods of funds deposit and withdrawal
no detailed information about customer support service
no bonus programs available

Conclusion

CIM Bank offers its clients favorable conditions to trade on Forex and provides access to a wide variety of trading instruments. It also provides an affordable minimum deposit and convenient trading platforms. CIM Bank is regulated by several supervisory authorities which proves the reliability of the broker and ensures the safety of client funds. However, with a limited number of traders’ reviews on the Internet, it is difficult to draw a valid conclusion about the broker’s activity.

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Comments about broker

LizzaFX trader

review CIM Banque

10-02-22

CIM Banque broker is one of the reliable broker 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 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 remain 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.

Manmarziya trader

review CIM Banque

19-05-21

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.

Noaetly trader

review CIM Banque

11-05-21

CIM Banque is one of the best worst that I've tried. Very large spreads and has an often disconnection trouble. They froze the price every hour and I do not believe that it is just a coincidence. What bothered me most is that the spreads. They are just like other brokers whose only purpose is to get all your money.

Jnard trader

review CIM Banque

31-03-21

Do not waste you energy on CIM Banque. This is not a great Forex broker. Their platform is very terrible! I traded with them for a month but I couldn't take how their platform would always crash. It is difficult to make a trade when your broker does not provide you with quality tools.

Jenita trader

review CIM Banque

26-08-20

I don’t have to worry about withdrawal because they will approve my request on time and usually it takes within 1 hour only. I was able to recover my previous loss and within 3 months, I made profit of $590. Even last month I have made withdrawal of $120 using Skrill as a test propose and I got my money within same day. Now I doubled my deposit and also start trading with my own strategies.

Diclaim

Trading in the foreign exchange market and using leverage involve considerable risks and may cause a partial or complete loss of funds.

Make sure you possess sufficient skills and experience for this activity and are aware of possible risks.

CIM Banque reviews

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