On-line since: About the company: CIM Bank is a private Swiss bank with representative offices in Geneva, Lugano, and Wollerau. CIM Bank offers a wide range of services: asset management, lombard loan structuring, bank card services, consulting, personal and commercial accounts, as well as investment in various assets. CIM Bank clients can trade currencies, stocks, futures, options, bonds on the CIM Orders or Interactive Brokers platforms. CIM Bank works with one of the global leaders in online trading, Interactive Brokers. This cooperation provides the company with an opportunity to trade on more than 100 stock exchanges. Interactive Brokers performs more than 1,000,000 transactions daily. CIM Bank clients can trade in the forex market, use credit or debit cards, and make international payments using the same account. The bank conducts its activity under the supervision of FINMA. The regulator controls operation of financial, insurance, and brokerage companies, including their documentation. FINMA does not set a certain requirements for the minimum capital, so it directly depends on the broker's solvency. All organizations controlled by FINMA are required to have an office in Switzerland, so they work in accordance with the strict legislation of the country. This protects traders from dishonest brokers. FINMA is also supported by the state government, therefore, regulated brokers are the best choice for those who prefer to work only with reliable companies. Trading conditions The minimum deposit is EUR 5,000. The trading platform and graphic tools are available for free. Clients can trade currencies, stocks, options, futures on more than 100 global exchanges from a single account. The company charges fees starting from EUR 2.25 per transaction, excluding commissions. CIM Bank offers more than 4,000 bonds, 3,500 funds, and 1,000 shares. Trading platform Traders can choose between several platforms. Different terminals feature different tools. The trading platform developed by Interactive Brokers offers trading stocks, currencies, options, futures and features many useful functions: traders can view online quotes for contracts, market movements of every individual contract, and monitor open positions. CIM Bank clients can trade futures in the European markets (CAC, S&P/MIB, FTSE), American and Asian markets (Nasdaq, Dow Jones), as well as futures for commodities (gold, natural gas, etc.) and interest rates. The CIM Orders trading platform developed by the broker offers 4,000 bonds and 3,500 funds. The platforms allows you to view prices, manage your account online, and trade with one click. Both platforms guarantee fast execution of orders. Support service Clients can get more information and assistance in trading from the support service staff via phone, email, or a call back form. Payment methods The broker accepts bank cards and bank transfers. Before opening an account, see the fee chart. In addition, residents of Switzerland are obliged to pay VAT (value added tax). VAT is applied to certain banking services. Non-residents do not have to pay VAT. The broker charges fees for both crediting and withdrawal of funds. Advantages:
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Unreliable Partners, investment team are totally unfit. Outrageous fees structure, lots of hidden fees. I don't see any reason to use this bank, besides their very bad reputation in the game.
I had a lot of bad experiences on the CIM Bank platform so far. As I can't trade expeditiously on their MT4 platform. Always my order executed delay more than 10 to 30 sec. While the buy or sell stop didn't work, my position isn't perfect, 5 to 20 pips differ from my desired position. I had found the floating spread could be horrible in the high volatility market. now I am unable to make a withdrawal from the rest invest. I have seen a lot of traders complain about them. now I have understood that CIM Bank is an unprofessional broker.
I can make a profit by applying the scalping strategy on the CIM Bank broker. As I got a low spread and accurate pricing on the MT4 platforms. I have customized the platform with an EA and it works well and it always set order, where I want to set it. That's why I can make $155 and withdraw my profit via the Skrill account within a day. I never had any issue with the CIM Bank platform. So I like to deal with themselves, who have given me satisfying service so far.
I can make a profit by applying the scalping strategy on the CIM Bank broker. As I got a low spread and accurate pricing on the MT4 platforms. I have customized the platform with an EA and it works well and it always set order, where I want to set it. That's why I can make $155 and withdraw my profit via the Skrill account within a day. I never had any issue with the CIM Bank platform. So I like to deal with themselves, who have given me satisfying service so far.
CIM Bank is not for beginners. In fact, as a professional trader myself, I still won't trade at this company. Not only do they ask for high capital, but their trading fees are also too high. It is unreasonable already.
I want to share my trading experience with CIM Bank. Trading with them is really terrible. Their trading platform is not working properly, and they used to delay when executing orders. Slippage and re-quotes happened too often. Sometimes system down and takes a lot of time to be fixed, and it's really affecting my trades. I don't feel comfortable trading with them, so I stopped trading with them and moved to a reliable broker, which has a good trading platform.
I have been a client 6 months now and I'm 100% satisfied with CIM Bank . At the beginning, I deposited EUR 5,000 , with this investment I started to trade. Every months on average I am able to earn EUR 700-800s. Sometimes less, it depends. They have go trading conditions, orders are executed without any delay. Thye always processed may withdrawal of funds within 24 hours. CIM Bank is great company, recommend to everyone.
I opened an account at CIM Bank two months ago. I am a little disappointed with their platform because it frequently lags. I have reported it to the customer support already and they said that it will be fixed soon but the issue still occurs. In terms of the spread, I would say that they are really tight. Scalpers will have a great time trading here but they need to fix their platform first.
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