Red Flags
18
CIMD LTD
CIMD LTD falsely claims regulation and experience, misleading traders with deceptive conditions and withdrawal issues. The lack of proper oversight leaves users vulnerable to fraud.
Quick summary on CIMD LTD
Lack of Regulation
CIMD LTD falsely claims to be registered and regulated in Dubai, but there is no legitimate regulatory oversight or registration. This absence of regulation leaves traders unprotected and vulnerable to potential fraud.
Deceptive Claims
CIMD LTD misleadingly claims to have over 12 years of market experience, yet it has been online for less than a year. It also exaggerates the number of active traders on its platform, creating an illusion of credibility.
Misleading Trading Conditions
CIMD LTD offers high leverage and deceptive spreads, which may sound appealing but can lead to significant financial losses for traders. This increases the risk for traders without providing proper safeguards.
Withdrawal Issues
CIMD LTD has a history of making it difficult for traders to withdraw their funds, often causing frustration and financial losses for users.
Intel Reports
by: Dashiell Brooks
Terrible experience. Withdrawal requests keep getting rejected with no valid reason. Do not trust CIMD LTD with your money.
by: Turner Scott
I’m shocked by the lack of transparency. They lied about how long they've been in the market and their 'thousands of active traders'. Don’t fall for the hype!
by: Kalina Torres
Scam alert! Their high leverage is a trap, and I lost most of my investment. The spreads are misleading, and they don't have any real customer support.
by: Emerald Bailey
False advertising! They claim to be regulated, but after further research, it's clear they're not. Complete waste of time and money.
by: Gatlin Parker
Avoid at all costs! I tried to withdraw my funds, and after weeks of delays, they kept asking for more information. It's obvious they don’t want to let you get your money out!
by: Esme Carr
Used a legit company's name to look trustworthy. That's just low.
by: Felix Rios
They say they've been around for 12 years, but their website's only a few months old. Something doesn't add up.
by: Sienna Baue
CIMD LTD claims to be regulated, but there's no proof. Deposited funds, but withdrawing is a nightmare.
by: Adam Harper
CIMD LTD offers high leverage and deceptive spreads, which can sound appealing to traders looking to make big profits. However, high leverage increases the risk of significant losses, and the spreads might not be as favorable as advertised, leading to...
by: Faith Greene
They claim 12 years in the market, but the company has only been around for less than a year—sounds like a red flag.
by: Brady Knight
Despite claiming to be registered and regulated in Dubai, CIMD LTD is not actually overseen by any legitimate regulatory body. This leaves traders unprotected, with no legal recourse if they fall victim to fraud or mismanagement.
by: Tessa Holloway
Deposited funds, but withdrawing is a nightmare. CIMD Ltd makes it nearly impossible to get your money back.
by: Julian Prescott
Customer support is unresponsive. Sent multiple emails, no replies. Frustrating!
by: Madeline Ashford
CIMD Ltd's platform is poorly designed. Hard to navigate and unreliable during trades.
Cons