A Dubai-based broker promises exciting opportunities and stable income, but should you trust the enticing words on their website? In this CIMD LTD review, we’ll dive into what lies behind their “profitable” conditions and see if another scam is hiding here. Let’s explore this world of deception and fakes, so you can make an informed decision and avoid getting caught by yet another scam broker.
Key Features
- Company Name: CIMD LTD
- Website: https://cimdltd.com/
- Available Contacts: [email protected], [email protected], +441668320001, +97145865689
- Foundation: 2024
- Services: CFD Trading
- License: No
- Initial Deposit: €100
From Sign-Up to Payout
Let’s start our CIMD LTD review with the website and examine the flaws that immediately stand out. We’ll begin with the design, menu structure, and content — after all, this is the first thing a potential client sees upon visiting the site.
The website, to put it mildly, looks cheap. Dark tones, which clearly aim to create a “serious” atmosphere, instead make the site gloomy and heavy. The visual elements are standard and lack uniqueness. Everything looks as though the design was copied from a dozen other brokers, with the colors slightly adjusted.
The site offers standard tabs like “Trading Conditions”, “About Us”, “Contact”, and so on, located at the top of the page. All very typical. There’s also a language toggle between English and Russian, along with buttons for login and registration.
Now, onto the content — and this is where things fall apart. Every page is filled with grand promises, but there’s not a word about specific conditions. CIMD LTD claims to be “The fastest liquidity provider”, yet they don’t name any providers. You’ll also find statistics and various claims, but they’re presented without any real evidence. We couldn’t find any legal documents or company details. Even standard documents like “AML & KYC policy”, user agreements, and similar documents are missing.
To register an account, all you need is to enter your name, contact details, password, and a promo code (optional). The personal account interface is just as basic as the official website. There’s no unique or appealing visual design — just a black background with the main sections:
- Money transactions (deposit/withdrawal).
- Verification of identity.
- Editing personal data.
- Switching to the trading platform.
CIMD LTD apparently requires clients to go through identity verification. Based on the layout, this involves uploading proof of identity (passport or driver’s license), proof of address, and a scan of a bank card. However, how to fund the deposit remains unclear. There’s no information about this on the website, and in the personal account; when you open the window for selecting a method and obtaining payment details, it’s completely blank.
There’s a sense of vagueness and a lack of transparency — this is the impression one gets after examining the website, personal account, and various aspects of working with them. CIMD LTD does not inspire any desire to start trading. The company hides important details and looks like yet another unfinished scam broker.
Our Trading Experience With CIMD LTD
The situation with the trading platform is no better. It’s just a basic web terminal with a minimal set of features from TradingView, providing traders with extremely limited capabilities:
- Technical analysis using levels, lines, channels, harmonic figures, and Fibonacci.
- Basic indicators. Oscillators, volume, and trend indicators.
- A total of five timeframes. From 5 minutes to 1 week. Where are 1 minute and 4 hours?
- Volumes from 0.01 lots.
- Limit orders.
- Creation of watchlist.
The feature set is too modest, with many advanced tools simply unavailable. This platform might be suitable for opening and closing positions, but it’s clearly not fit for professional trading. CIMD LTD offers a platform without mobile or desktop versions, and web versions always fall short of desktop ones in terms of convenience and optimization.
This is the cheapest and most primitive terminal, giving the impression that the broker couldn’t afford a license for a professional platform. MetaTrader, for example, handles most traders’ needs much better. So, the trading platform is yet another significant drawback of this company.
The Reality Check
Now, let’s move on to the most interesting part of our CIMD LTD review. Next, we’ll examine the broker’s legitimacy. We’ll also see whether this broker is as reputable and popular as it claims to be.
In the footer of cimdltd.com, the DFSA financial commission is listed. This is Dubai, where the broker’s headquarters are supposedly located. With license number F001383, we found a company called CIMD (Dubai) Limited, which was registered there in 2012. It specializes in investment services, but among the wide range of activities, we didn’t find any mention of brokerage services.
Strangely, the phone number differs. However, the most important discovery is that we found the official website for this organization — grupocimd.com, created back in 2000. Compare this to cimdltd.com — these are two different domains. What does this mean? It means that the scammers didn’t just randomly choose this name. The fraudsters found a company operating in the UAE, took its name and license, created a brokerage platform, and displayed someone else’s credentials as their own.
This is more than just a broker without an officially registered legal entity and license — these are scammers hiding behind someone else’s information. It’s a double scam. The CIMD LTD we’re reviewing is a group of anonymous fraudsters.
How Long Has CIMD LTD Been in the Game?
By comparing domain registration dates, it’s easy to see when companies truly began their operations. The original firm registered its domain back in 2000, while the scam site appeared only in 2024. They’ve only existed for six months, yet they’re already boldly claiming “12 years of experience”. This is why it’s crucial to check domain registration dates.
Extra Fraud Indicators
Now, let’s take a look at more information on the scammers’ operations. Do you really believe that over 800,000 clients trade on such a dubious platform? Clearly, this is fabricated. A daily turnover of nearly $1 billion? Also fake. Is there anything real here? Highly unlikely.
Additionally, CIMD LTD is clearly targeting the Russian market — you can find numerous fake positive reviews in Russian. The broker spreads false comments to create the appearance of a reliable forex dealer with “vast experience” and “regulation”. Be careful!
Of course, there are no liquidity providers here, and never have been. This is just another trick where scammers use grandiose terms, hoping someone will believe them. In reality, it’s just a standard dealing desk that profits from clients’ losses rather than acting as an intermediary.
Is CIMD LTD the Right Fit?
The company employs all kinds of tactics to lure clients in and keep them around for as long as possible, profiting off their losses. Our advice — stay away from this broker and choose reputable companies with transparent histories and genuine licenses. This is a classic example of a scam broker that creates the illusion of reliability but hides behind fake information and promises.
Hello. I’ve fallen victim to broker fraud. I mistakenly registered with them, and then a manager called me. I shouldn’t have provided my personal phone number. They managed to swindle me out of $4,500, which I can’t even withdraw. It’s all a scam. They use psychological pressure on clients, and I felt like I was in a trance. Now my account is blocked, and I’ve given up on getting my money back. Unfortunately, this fake company scammed me easily.
Я также стал жертвой этих мошейниково в общей сложности потерял 580 евро, хотя мог бы и больше. Мошейники постоянно давят на пополнение счета, что и вызвало подозрение. Не связывайтесь с подобными скамм компашками!