CIMBANK

About company:

CIM Bank is a privately owned Swiss bank with branches in Geneva, Lugano and Wollerau.

 

CIM Bank offers a wide range of services: asset management, lombard loan structuring, card service, consulting, personal and commercial accounts, investments in various assets.

 

CIM Bank offers Forex, Stocks, Futures, Options, and Bonds trading on CIM Orders and Interactive Brokers terminals.

 

CIM Bank partners with one of the world leaders in online trading - Interactive Brokers. Thanks to this alliance, the company provides the opportunity to trade on more than 100 stock exchanges.

 

Interactive Brokers conducts over 1,000,000 transactions daily.

 

CIM Bank customers can trade, use a credit or debit card, and make international payments with just one account.

 

The bank operates under the supervision of FINMA. The regulator checks the work of financial, insurance and brokerage companies, including their documentation. The supervisor does not have a specific amount for the minimum capital, as it directly depends on the solvency of the broker.

 

All FINMA-controlled organizations are required to have an office in Switzerland, thus they operate in accordance with the country's strict legislation. This protects traders from unscrupulous brokers.

 

It is also worth noting that FINMA has government support, therefore brokers regulated by the body deserve due attention.

 

Trading conditions

The minimum deposit when opening an account is 5,000 euros. Trading platform, charting tools are provided free of charge. Clients can trade currencies, stocks, options, futures on more than 100 world exchanges from a single account.

 

The company has set trading fees: from 2.25 euros per trade, not including commissions.

 

CIM Bank has prepared a selection of over 4,000 bonds, over 3,500 funds, over 1,000 shares.

 

Trading platform

Traders can choose their trading platform. Different terminals offer different instruments.

 

The trading platform, which was developed by Interactive Brokers, offers trading in stocks, currency pairs, options, futures and contains many useful features: traders can view online contract quotes, market movements for each individual contract, as well as monitor open positions.

 

Traders are offered futures on European markets (CAC, S & P / MIB, FTSE), American and Asian markets (Nasdaq, Dow Jones), on raw materials (gold, natural gas, etc.), on interest rates.

 

4,000 bonds and 3,500 funds are offered on its own terminal CIM Orders. On the terminal, you can view prices, manage your account online and trade with one click.

 

Fast order execution is offered on both platforms.

 

Support service

Clients can get additional information and assistance in trading from support specialists by phone, electronic chat, or using a call back.

 

Ways of payment

The broker accepts contributions and credit cards. Before opening an account, read the rates. In addition, Swiss residents are required to pay VAT (Value Added Tax). VAT applies to certain banking services. Non-residents are not required to pay VAT. The broker charges commissions for both the receipt and withdrawal of funds.

 

Pros:

 

regulated broker; large selection of assets; the site is Russified.

 

Minuses:

 

high minimum deposit; high commissions; not all trading conditions are presented on the site.