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..

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
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
CPT Markets

CPT Markets

8.53
Score
ECN Account15-20 yearsRegulated in United KingdomMarket Making License (MM)MT4 Full License
CPT Markets
CPT Markets
Score
8.53
ECN Account15-20 yearsRegulated in United KingdomMarket Making License (MM)MT4 Full License
Official Website
FXCM

FXCM

9.40
Score
20+ yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
FXCM
FXCM
Score
9.40
20+ 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

How is the WikiFX Score calculated?

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.

04-02
United States

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

04-02
United States

How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

04-02
United States

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

04-02
United States

What is a clone broker website?

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

04-02
United States
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