Global Broker Regulation Inquiry App
About WikiFX

Score

0 1 2 3 4 5 6 7 8 9
.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

CIMD

United Arab Emirates United Arab Emirates | 2-5 years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

https://cimdltd.com/en

Website

Rating Index

Contact

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

license Forex License

risk

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
3

Basic Information

Registered Region
United Arab Emirates
Operating Period
2-5 years
Company Name
CIMD
Email
support@cimdltd.net
Contact Number
+441668320001
Company Website
Account Info
Verified Site
About Us
Wiki Q&A
Comment

Users who viewed CIMD also viewed..

XM

XM

9.14
Score
ECN Account15-20 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
XM
XM
Score
9.14
ECN Account15-20 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website
GTCFX

GTCFX

9.23
Score
ECN Account15-20 yearsRegulated in United KingdomMarket Making License (MM)MT4 Full License
GTCFX
GTCFX
Score
9.23
ECN Account15-20 yearsRegulated in United KingdomMarket Making License (MM)MT4 Full License
Official Website
GO Markets

GO Markets

8.98
Score
20+ yearsRegulated in AustraliaMarket Making License (MM)cTrader
GO Markets
GO Markets
Score
8.98
20+ yearsRegulated in AustraliaMarket Making License (MM)cTrader
Official Website
vantage

vantage

8.70
Score
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
vantage
vantage
Score
8.70
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website

Verified Site

  • cimdltd.com
    104.21.64.26
    Server Location
    United States United States
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
    Company
    --

Company Profile

Company Profile

Review 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.

Company Profile

  • 2-5 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

Can CIMD be considered a credible broker?

CIMD operates from the United Arab Emirates and holds no verified, mainstream forex trading licenses. The broker's claim of a Dubai Financial Services Authority (DFSA) license is listed by WikiFX as 'Unverified'. According to the WikiFX SkyEye assessment, its overall score of 1.32 reflects a notably low rating, which potential users should consider carefully before engagement.

04-02
United States

Which financial regulator oversees CIMD?

Based on available verification, CIMD operates without oversight from any credible financial regulator. While the broker claims association with the Dubai Financial Services Authority (DFSA) under license number F001383, this license status is flagged as 'Unverified'. There are no other valid, mainstream regulatory licenses documented for CIMD.

04-02
United States

When was CIMD established?

CIMD has been active in the market for an estimated 2 to 5 years. The broker is registered in the United Arab Emirates and offers a tiered account structure, including Corporate, VIP, Standard, Beginner, and Test accounts. These accounts require minimum deposits ranging from €100 to €150,000 and offer maximum leverage from 1:20 up to 1:100. All account types support Expert Advisors (EAs), scalping, and hedging.

04-02
United States

¿Qué es WikiFX y cómo puede ayudar a los inversores?

WikiFX es una plataforma independiente que proporciona servicios de consulta de información sobre brókers de divisas y alertas de riesgo. Integra datos regulatorios, comentarios de usuarios y registros históricos, y realiza evaluaciones mediante un modelo multidimensional para ayudar a los inversores a comprender la situación general de un bróker y sus posibles riesgos. Este tipo de herramientas permite realizar una verificación preliminar antes de elegir un bróker.

Two days ago

¿Qué aspectos deben considerarse al elegir un bróker seguro?

Al elegir un bróker seguro, los inversores deben centrarse en factores como la situación regulatoria, la seguridad de los fondos y la transparencia de las condiciones de trading. Generalmente se recomienda priorizar plataformas reguladas por organismos reconocidos como la FCA, la SEC o la ASIC. También es importante verificar si los fondos se mantienen en cuentas segregadas, si la estructura de comisiones es transparente y si existen incidencias relacionadas con retiradas o reclamaciones relevantes. La puntuación de WikiFX y los comentarios de usuarios pueden servir como referencia adicional.

Two days ago

Bagaimana cara mengidentifikasi broker dengan profil risiko tinggi?

Broker dapat dinilai memiliki profil risiko tinggi dengan mempertimbangkan status regulasi, keluhan pengguna, keamanan dana, serta konsistensi informasi publik yang tersedia. Broker tanpa regulasi valid, yang sering mengalami masalah penarikan dana, atau memiliki banyak keluhan pengguna biasanya menunjukkan tingkat risiko yang lebih tinggi. Informasi tersebut dapat diperiksa melalui WikiFX untuk membantu evaluasi secara lebih komprehensif.

Two days ago

What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

04-02
United States

¿Es posible recuperar fondos tras un fraude de inversión?

La recuperación de fondos tras un fraude de inversión puede resultar difícil, pero tomar medidas oportunas puede ayudar a recuperar parte de las pérdidas. Se recomienda conservar registros de transacciones y comunicaciones relevantes, contactar con el banco para intentar detener o congelar los pagos y presentar una denuncia ante las autoridades competentes. Además, los inversores pueden utilizar los canales de reclamación pública de WikiFX para aumentar la visibilidad del problema.

Two days ago
View More
Post a Review
Exposure
Exposure
Neutral
Neutral
Positive
Positive

Share your experience

Required...

Submit Now
Write a Review
Customer ServiceDownload AppScroll to TopTOP

Chrome

Chrome Extension

Global Forex Broker Regulation Query

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install

Select Country/Region
United States
※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qa@wikifx.com
Cooperation:business@wikifx.com