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BIMFX24 -

Score

1.46 /10
Danger

BIMFX24

Saint Vincent and the Grenadines

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.bimfx24.com/Home

Influence

D

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Comparison

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Score

Regulatory Index0.00

Business Index6.65

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

BIM LLC

Company Abbreviation

BIMFX24

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-27
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

BIMFX24 · Company summary
BIMFX24Review Summary
Registered Country/RegionSaint Vincent and the Grenadines
RegulationNo regulation
Market InstrumentsForex, Indices, Commodities and Share CFDs
Demo AccountNot mentioned
LeverageUp to 1:400
SpreadFix from 2
Trading PlatformBIMFX24 trading platform
Min Deposit$500
Customer SupportPhone: +4 47448885131
Email: support@bimfx24.com
Physical Address: Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, ST. VINCENT AND THE GRENADINESTrust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, MARSHALLS ISLAND, MH 96960

BIMFX24 Information

BIMFX24 is a broker registered in Saint Vincent and the Grenadines and affiliated with BIM LLC. It mainly provides traders with trading opportunities for Forex, Indices, Commodities and Share CFDs, and there are 5 kinds of accounts to choose from. But the brokerage is unregulated and carries certain risks,

BIMFX24 Information

Pros and Cons

ProsCons
5 types of accountsNo regulation
MT4/5 is not supported
The deposit threshold is up to $500

Is BIMFX24 Legit?

BIMFX24 is an unregulated broker and its website is not accessible.

In addition, as early as 2021, the FCA had already issued a warning to the company, saying that it was operating illegally in the UK and providing financial services without authorisation.

Is BIMFX24 Legit?
Is BIMFX24 Legit?
Is BIMFX24 Legit?

What Can I Trade on BIMFX24?

BIMFX24 says it offers Forex, Indices, Commodities and Share CFDs to traders.

Tradable InstrumentsSupported
Forex✔
Commodities✔
Indices✔
Shares✔
Bonds❌
ETF❌

Account Types

BIMFX24 offers 5 types of trading accounts - Micro account, Standard Account, Silver account, Gold account and VIP account.

The entry threshold is high, and the minimum is $500.

Spreads have different requirements depending on the account and are subdivided into fixed point spreads and floating spreads. The minimum point difference can be up to 0.3 floating.

The specific maximum leverage is 1:400, and the risk is also large.

Account TypesMICROSTANDARDSILVERGOLDVIP
Deposit amount$500-999$1000-2499$2500-9999$10000-24999$25000->
Trading PlatformFXTT Desktop, Webtrader and Mobile TradingFXTT Desktop, Webtrader and Mobile TradingFXTT, Webtrader and Mobile TradingFXTT, Webtrader and Mobile TradingFXTT, Webtrader and Mobile Trading
SpreadsFix from 2Fix from 2Fix from 1/ Variable from 0.5Fix from 0.7/ Variable from 0.5Fix from 0.4/ Variable from 0.3
Spreads Typefixedfixedfixed & Floatingfixed & Floatingfixed & Floating
Trader Rebateask for more infoask for more infoask for more infoask for more infoask for more info
Trading InstrumentsForex, Indices, Commodities and Share CFDsForex, Indices, Commodities and Share CFDsForex, Indices, Commodities and Share CFDsForex, Indices, Commodities and Share CFDsForex, Indices, Commodities and Share CFDs
Fifth DecimalYesYesYesYesYes
Max Leverage1:4001:4001:400Upon RequestUpon Request

BIMFX24 Fees

The BIMFX24 spreads are fixed and floating. The fixed point difference for each account ranges from 0.4 to 2. The floating spread ranges from 0.3 to 0.5.

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for
BIMFX24 trading platform✔WebBeginner
MT4❌
MT5❌
BIMFX24 Fees

Deposit and Withdrawal

BIMFX24's deposit and withdrawal methods appear to include payment via bank wire transfer and credit card. The minimum deposit requirement is $500.

Customer Service

BIMFX24 does not offer a 24/7 online service. The channels through which traders can get help from clients are telephone, email and physical address.

Contact OptionsDetails
Phone+4 47448885131
Emailsupport@bimfx24.com
Physical AddressSuite 305, Griffith Corporate Centre, Beachmont, Kingstown, ST. VINCENT AND THE GRENADINESTrust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, MARSHALLS ISLAND, MH 96960

The Bottom Line

BimFX24 positions itself as an international Forex and CFD broker, offering traders a wide range of trading opportunities. However, it does not support the use of MT4/5, and is not regulated by financial regulators with strict standards, which is not reliable enough and too risky.

FAQs

Can I make money with the BIMFX24?

Not recommended. The broker was an unregulated and unsecured broker warned by the FCA.

Does the BIMFX24 support MT4/5?

Not supported. And the trading platform it offers is rudimentary.

User Reviews

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User comment

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朱朱51342
more than one year
It's actually kind of ridiculous that this company offers micro accounts, but the minimum deposit is $500. What does this amount have to do with micro? Usually a micro account only requires less than $50. It feels like this company is making fun of forex traders. I have no minimum desire of depositing money here at all. Goodbye, BIMFX24!
It's actually kind of ridiculous that this company offers micro accounts, but the minimum deposit is $500. What does this amount have to do with micro? Usually a micro account only requires less than $50. It feels like this company is making fun of forex traders. I have no minimum desire of depositing money here at all. Goodbye, BIMFX24!
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2023-03-16 16:31
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FX1299488032
more than one year
It's a scam company. They won't let you take out your money no matter what. I haven't been able to even get in touch with my agents who were trading for me. Every time I speak to customer care they assure me someone will call me back but that doesn't happen.
It's a scam company. They won't let you take out your money no matter what. I haven't been able to even get in touch with my agents who were trading for me. Every time I speak to customer care they assure me someone will call me back but that doesn't happen.
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2023-03-01 12:13
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