CIM Banque Review

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Overview

Company Information CIM Banque is a privately held bank located in Geneva, Switzerland. Along with their regulated financial service, they offer an online trading platform. The bank itself was created… more

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Details

BrokerCIM Banque
Website URLhttps://www.cimbanque.com/
Founded1990
HeadquartersGeneva, Lugano, Wollerau, Switzerland
Support Number+41 (0)58 225 50 40
Support TypesPhone, E-mail, Live Chat, Contact Form
LanguagesEnglish, French, Italian, Russian, Spanish, Portuguese, German
Free Demo Account No
Deposit MethodsCredit & Prepaid Cards, Swiss Bankers Travel Cash, Swiss Bankers Prime Card, Prepaid Mastercard & Visa, Mastercard & Visa Silver, Mastercard & Visa Gold, Mastercard Business & Corporate, Visa Platinum, American Express
Withdrawal MethodsCredit & Prepaid Cards, Swiss Bankers Travel Cash, Swiss Bankers Prime Card, Prepaid Mastercard & Visa, Mastercard & Visa Silver, Mastercard & Visa Gold, Mastercard Business & Corporate, Visa Platinum, American Express
Types of AssetsStocks, Futures, Bonds, Shares, Funds
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Full Review

Company Information

CIM Banque is a privately held bank located in Geneva, Switzerland. Along with their regulated financial service, they offer an online trading platform. The bank itself was created in 1990 and is operates under the authority of FINMA (CZ). CIM Banque is part of the Bankers Association and the Swiss Exchange. They offer the services of an ECN broker and can give their clients features and options that only a bank institution can provide. Swift payments and very tempting spreads and leverage are the main traits of this online broker. Clients from the US and several other countries are allowed on the platform, but they need to contact the company’s representative beforehand. Otherwise, all traders from all over the world are allowed to trade in CIM Banque. With quite the number of features, an accounts types they tend to surpass the industry standard and give their clients unmatched trading functions. Let’s see what trading with this broker is all about.

Trading Information

To take advantage of their online trading platform, you’ll need to make a bank account first. This feature is reserved for bank clients only. Making an online trading account requires a minimum deposit of $5000 and a minimum lot size of 0.10 lots. Their maximum leverage is set to 1:50. Spreads are variable and can go as low as 0.5 pips for majors like EUR/USD. There are 32 currency pairs available in total. Trading instruments for the platform are Forex, binary options, futures, oil, shares, bonds, CFD’s and precious metals. Scalping and hedging are allowed as well as expert advisors. Features like trailing stop, OCO orders, one-click trading and mobile trading are supported. PAMM accounts are available but sadly there are is no Swap-free option. There is no dealing desk which means instant execution is possible and hassle-free. The VIP account will give you some benefits on spreads and commissions.

Trading Platforms

CIM Banque offers a lot of platforms that can suit the needs of every pretentious trader. For starters, they offer the famous Metatrader4 platform that’s used by millions of traders around the world. It has been around for decades and is still the preferred choice of many clients. It’s easy to install and to setup, and there are a lot of guides all over the Internet on how to use it. If you have MAC computer, the FX trading station is your best choice. Fore people who don’t like to download and install stuff on their computers there is the ActiveTrader web-based platform. There you will just need an internet connection and a login. Their CIM orders platform is a very innovative way to offer easy trading with funds, bonds and stocks. It’s a web-based platform, so you don’t have to download anything beforehand. They also offer a ton of options for mobile trading. There is TWS platform for every known mobile device (Android, Iphone, Ipad, Blackberry and even a Java Platform for older smartphones). It’s easy to install and very intuitive to work with it.

Security and Customer Services

As a regulated bank, you can be sure that the security at CIM Banque is at a top level. They use an SSL encryption all over their site and have the segregated account option. Safety and security are not a problem here, and all clients can be sure that their trading operations will be confidential. Customer support is excellent, and the bank’s employees have already won a couple of customer support awards. You can contact a bank’s representative from Monday to Friday, 08:30 AM to 06:30 PM by phone or using their Live Chat option. There are also some after working hour options that you can use. You can send them an email or request a callback. Alternatively, you can just visit their physical branches in Geneva, Lugano and Wollerau. The online platform has been translated into 6 languages. And customer support is available in 18. A free Demo account is available for people who like to see how the trading experience is before the commit to an actual one.

Deposits and Withdraws

Depositing money into your CIM Banque account is generally like depositing money into any large bank in the world. Yes, the process can take a while but with all the regulations they need to follow it’s easy to understand why (they are a bank first and online broker second). They offer all types of banking methods including credit/debit cards, bank wire, digital wallets and much more. Processing times are quick, and the whole process is made easy to understand, once you complete the registration process. Withdrawing money can be made the same way you deposited them. There is nothing much to say about the payment methods because they’re safe, secure and processing times are quick.

Deposit Bonus and Loyalty Programs

There are no deposit bonuses offered by CIM Banque, and they don’t seem to need them. It’s quite self-explanatory that there are no trading contests as well. They have enough customers as it is and organizing events are not something you’ll see them do in the future.

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