BIMFX24
Abstract：BIMFX24 is a forex and CFD broker that offers a diverse range of trading instruments, including currency pairs, commodities, indices, and shares. The broker provides multiple account types to accommodate traders with varying experience levels and preferences. BIMFX24 offers spreads and commissions, allowing traders to manage their trading costs effectively.
| BIMFX24Review Summary | |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | No regulation |
| Market Instruments | Forex, Indices, Commodities and Share CFDs |
| Demo Account | Not mentioned |
| Leverage | Up to 1:400 |
| Spread | Fix from 2 |
| Trading Platform | BIMFX24 trading platform |
| Min Deposit | $500 |
| Customer Support | Phone: +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,
Pros and Cons
| Pros | Cons |
| 5 types of accounts | No 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.
What Can I Trade on BIMFX24?
BIMFX24 says it offers Forex, Indices, Commodities and Share CFDs to traders.
| Tradable Instruments | Supported |
| 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 Types | MICRO | STANDARD | SILVER | GOLD | VIP |
| Deposit amount | $500-999 | $1000-2499 | $2500-9999 | $10000-24999 | $25000-> |
| Trading Platform | FXTT Desktop, Webtrader and Mobile Trading | FXTT Desktop, Webtrader and Mobile Trading | FXTT, Webtrader and Mobile Trading | FXTT, Webtrader and Mobile Trading | FXTT, Webtrader and Mobile Trading |
| Spreads | Fix from 2 | Fix from 2 | Fix from 1/ Variable from 0.5 | Fix from 0.7/ Variable from 0.5 | Fix from 0.4/ Variable from 0.3 |
| Spreads Type | fixed | fixed | fixed & Floating | fixed & Floating | fixed & Floating |
| Trader Rebate | ask for more info | ask for more info | ask for more info | ask for more info | ask for more info |
| Trading Instruments | Forex, Indices, Commodities and Share CFDs | Forex, Indices, Commodities and Share CFDs | Forex, Indices, Commodities and Share CFDs | Forex, Indices, Commodities and Share CFDs | Forex, Indices, Commodities and Share CFDs |
| Fifth Decimal | Yes | Yes | Yes | Yes | Yes |
| Max Leverage | 1:400 | 1:400 | 1:400 | Upon Request | Upon 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 Platform | Supported | Available Devices | Suitable for |
| BIMFX24 trading platform | ✔ | Web | Beginner |
| MT4 | ❌ | ||
| MT5 | ❌ |
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 Options | Details |
| Phone | +4 47448885131 |
| 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 |
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.
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