BIMFX24 Forex Broker

BIMFX24Review SummaryRegistered Country/RegionSaint Vincent and the GrenadinesRegulationNo regulationMarket InstrumentsForex, Indices, Commodities and Share CFDsDemo AccountNot mentionedLeverageUp to 1:400SpreadFix from 2Trading PlatformBIMFX24 trading platformMin Deposit$500Customer SupportPhone: +4 47448885131Email: support@bimfx24.comPhysical Address: Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, ST. VINCENT AND THE GRENADINESTrust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, MARSHALLS ISLAND, MH 96960BIMFX24 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 ConsProsCons5 types of accountsNo regulationMT4/5 is not supportedThe deposit threshold is up to $500Is 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 InstrumentsSupportedForex✔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 TypesMICROSTANDARDSILVERGOLDVIPDeposit 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 TradingSpreadsFix from 2Fix from 2Fix from 1/ Variable from 0.5Fix from 0.7/ Variable from 0.5Fix from 0.4/ Variable from 0.3Spreads Typefixedfixedfixed & Floatingfixed & Floatingfixed & FloatingTrader Rebateask for more infoask for more infoask for more infoask for more infoask for more infoTrading 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 CFDsFifth DecimalYesYesYesYesYesMax Leverage1:4001:4001:400Upon RequestUpon RequestBIMFX24 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 PlatformTrading PlatformSupportedAvailable DevicesSuitable forBIMFX24 trading platform✔WebBeginnerMT4❌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 OptionsDetailsPhone+4 47448885131Emailsupport@bimfx24.comPhysical AddressSuite 305, Griffith Corporate Centre, Beachmont, Kingstown, ST. VINCENT AND THE GRENADINESTrust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, MARSHALLS ISLAND, MH 96960The 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.