BIMFX24

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,

Pros and Cons

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.

What Can I Trade on BIMFX24?

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

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.

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

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.

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.