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CIMD

United Arab Emirates|1-2 years|
Suspicious Scope of Business|High potential risk|

https://cimdltd.com/en

Website

Rating Index

Contact

+44 1668320001
support@cimdltd.net
https://cimdltd.com/en
Unit OT 19-32, Level 19, Central Park Offices, DIFC, PO Box 506776, Dubai, UAE

Licenses

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Warning: Low score, please stay away! 2
Previous Detection : 2024-12-12
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The United Arab EmiratesDFSA regulation (license number: F001383) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

CIMD · WikiFX Survey

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CIMD · Company Summary

CIMD is a new online broker registered in United Arab Emirates, offering over 250 trading products to trade through their five types of accounts. It offers 24/7 customer service to contact. But there is a main problem that their license of DFSA is regarded as fake clone.

CIMD's homepage

Pros and Cons

Pros Cons
Over 250 class assetsSuspected fake clone license of DFSA
24/7 customer serviceHigh minimum deposit except the Test account
Low spreads from 0.0 pipsNo information related to deposit and withdrawal
No social media presence

Is CIMD Legit?

CIMD claims that it is regulated by the Dubai Funancial Service Authority (DFSA) with license type of Retail Forex License and license number of F001383. But now it is suspected as fake clone one.

Regulatory Status Suspected Fake Clone
Regulated by United Arab Emirates
Licensed Institution CIMD (Dubai) Limited
Licensed TypeRetail Forex License
Licensed NumberF001383
Suspicious clone DFSA license

What Can I Trade on CIMD?

CIMD offers currency, precious metals, stocks, commodities, stock indices and cryptos.

Tradable Instruments Supported
Forex
Commodities
Indices
Cryptocurrencies
Stocks
Precious Metals
Bonds
Mutual Funds
What Can I Trade on CIMD?

Account Type & Leverage

CIMD offers Test, Beginner, Standard, VIP, and Corporate accounts with the minimum deposits of €100, €2,000, €50,000, and €150,000 respectively. The Corporate account does not require the minimum deposit.

Besides, each account offers flexible leverage: 1:20 for the Test account, 1:30 for the Beginner, 1:40 for the Standard account, 1:50 for the VIP account and 1:100 for the Corporate account.

Account comparison

CIMD Fees (Spreads)

CIMD offers different spreads for their accounts. The offers the spreads from 0.8 pips for the Test account, from 0.6 pips for the Beginner account, 0.5 pips for the Standard account, and 0.4 pips for the VIP accounts. For the Corporate account, it offers floating spreads.

Account TypeSpread (pips)
Test Account0.8 pips
Beginner Account0.6 pips
Standard Account0.5 pips
VIP Account0.4 pips
Corporate AccountFloating spreads

Customer Service

CIMD offers 24/7 customer service through phone and email.

Contact Options Details
Phone UK: +441668320001/ UAE: +97145865689
Email support@cimdltd.net / info@cimdltd.net
Support Ticket System
Online Chat
Social Media
Supported Language English, Arabic
Website Language English, Russian
Physical Address Unit OT 19-32, Level 19, Central Park Offices, DIFC, PO Box 506776, Dubai, UAE
Contact info

The Bottom Line

CIMD assists its clients in trading on financial markets using leverage via CFDs. It offers five types of accounts with lower spreads and flexible leverage ratios. However, CIMD is now not regulated well and their minimum deposits are rather high, which are not suitable for beginners.

FAQs

Is CIMD safe?

No. Its license of DFSA has been suspected as fake clone.

What security measures does CIMD have in place to protect my funds and personal information?

It claims to provide the protection of customer funds by placing deposits on segregated accounts.

How much time will it take to confirm and process my withdrawal request?

Typically 1-3 business days.

Broker Information

Company Name

CIMD

Abbreviation

CIMD

Regulatory Status

Suspicious Clone

Platform registered country and region

United Arab Emirates

Company website
Phone of the company
  • +44 1668320001

  • +971 45865689

X

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Facebook

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Instagram

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YouTube

--

Company address
  • Unit OT 19-32, Level 19, Central Park Offices, DIFC, PO Box 506776, Dubai, UAE

Linkedin

--

WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address
  • support@cimdltd.net

  • info@cimdltd.net

Company Summary

Review

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