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Bim Capital Review - is it scam or safe?

Bim Capital Review - Is bimcapital.com scam or good forex broker?

RATING: 1 / 11 REVIEWS Bim Capital
Bim Capital is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


Trading Accounts

 

Account type Minimum deposit Maximum leverage Spread
Standard Unknown Unknown From 1.8 pips

 

Bim Capital is a company which provides access to the global forex markets in two ways – spot trading and binary options. This relatively new trend is piking up speed, but sadly this broker may not be that suitable of an investment option. 

 

Bim Capital Advantages

 

Offers digital (binary) options – This feature will not be used by most experienced traders, but as we hinted mechanism is intended to work the other way around – allow binary options traders to move to forex and CFD trading.

 

Nice payment methods – The ways to deposit money at Bim Capital include Bank Transfer, Credit Card, Neteller and PaySafe. Most potential clients will find something they use among these.

 

Bim Capital Disadvantages

 

Unregulated company–  The company behind Bim Capital is based in Estonia, but is not registered with the local Financial Supervisory Authority (Finantsinspektsioon). This makes them a broker which we will not recommend.

 

No trading conditions on the website –  The only piece of information, when in tomes to the actual trading offer, provided by Bim Capital is the swap. This is simply not acceptable in the current day and age – customers don’t know what they are getting into.

 

Non-competitive spreads – While Bim Capital does not tell you what the costs of trading are, we registered an account and saw a EUR/USD spread of 1.8 pips. This is slightly wider than the current industry average, which tops out around 1.5.

 

>>Our spread comparison platform<<

 

Unusual trading platform –  The web-based platform, provided by Bim Capital is not that bad, but rather unusual. Traders, who have experience with other platforms will find this one a bit basic. It reminds us of Sirix, with the inclusion of a social trading feature on the right. Here is a snapshot:

 

 

>>MT4 brokers<<

 

In case you don’t follow the forex industry, MetaTrader4 (MT4) is he most popular platform nowadays. There is a solid reason for this – the platform offers mobile and web based versions, as well as top tier charting and custom technical tools.

 

Conclusion

 

Bim Capital is an unregulated broker, which provides forex and binary options trading. The company is based in Estonia, but doesn’t claim affiliation with any regulatory agency. We even checked with the Financial Supervisory Authority (Finantsinspektsioon), but didn’t manage to find the company (just in case they forgot to mention anything on their website). That being said, we will not recommend dealing with this broker.

 

For those of you who think this isn’t a big deal, we will reiterate the importance of financial regulation. If, for any reason, you decide to trade with an unregulated broker, you run the risk of not seeing your investment again. They will not be required to offer you anything and may simply provide a “monopoly money” trading environment. This is why most jurisdictions have a dedicated agency to monitor investment intermediaries.

 

As an example in the United Kingdom, the Financial Conduct Authority (FCA) serves this role. It has created a lot of rules, which nut be followed strictly from the companies who are registered with it. Two of them are the most important for traders. First and foremost, all client funds are kept in segregated accounts. These are complicated banking terms, which don’t allo the broker to simply take your money and run.

 

>>FCA licensed brokers<<

 

The second rule is mandatory participation in the Financial Services Compensation Scheme (FSCS). This is similar to an insurance mechanism – brokers regularly deposit money to a collective fund, which then serves as a guarantee in case one of them goes bankrupt. The coverage is limited to £50,000 per client.

 

While the lack of regulation is the biggest concern we have with Bim Capital, their actual trading conditions are not impressive. Their presentation is also way below par.

 

Here is our summary of this broker:

Pros Cons
Offers digital (binary) options Unregulated company
Nice payment methods No trading conditions on the website
  Non-competitive spreads
  Unusual trading platform

 

Latest news about Bim Capital
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Traders` reviews for Bim Capital

Spread

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Slippage

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Requotes

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Price feed

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Platform

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Deposit/Withdraw

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Customer service

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Summary

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How to get money out of my account

Hi, my opinion on Bim Capital, are that they are wery good at talking you into investing, an even quite good at making my money grow on my account. But when it comes to paying back my money to my bank account, they are just like a scam.
I feel i have been fooled, by their promises, and by the way they treat me as a customer. I will not advice anyone to put as much as 1 Dullar or pound in this system. Go to the pub, get a beer, atleast you know your money are going down the drain

Reguard, from an unhappy customer.

Morten Evensen, from Norway

Morten Evensen 09/25/2018

Don't ever try BIM Capital

Bim Capital - SCAM
HI

Agreed with this

My story :

have seen a video of this company, BIM CAPITAL, and decided to register me. When I finished registering, my phone rings ... it was them, surprised and very alarmed I thought something happened here. They wanted the same thing you wrote here ... 250 USD first deposit and then another 1750 USD. And promising more profits. They wanted me to register my credit card and start investing ... and help and guide me how to do but actually BULLSHIT.

I add in another 250 USD and the account manager topup another 250 USD, how he do it .... suspicious. I managed to double up the acc balance with 0 idling.

I asked for withdraw, frustrating some more he asked me to work more for higher return.

BUT BUT BUT the crazy BIM SHIT CAPITAL change the trading system, luckily I realize that...

WHAT EVER IS THAT I HVE LOST 500 USD after I personally trade to lost to avoid wasting time and frustrated.

Manmanis 06/13/2018

I don't invest my money to this company

Bim Capital - SCAM
HI
now im 100% sure i dont invest my money to this company,Bim Capital...
My story :

have seen a video of this company, BIM CAPITAL, and decided to register me. When I finished registering, my phone rings ... it was them, surprised and very alarmed I thought something happened here. They wanted the same thing you wrote here ... 250 USD first deposit. And promising more profits. They wanted me to register my credit card and start investing ... and help and guide me how to do.
I thought that strange .... I answered that I'm at work and now is not a good time, and I wanted to investigate a little more about your company before investing something.


I have read your comments and I am surprised that there is this type of scammers that gives them everything and all.I am very grateful for this information to avoid future scams.

Murtri Dadi 05/30/2018

Bim Capital - SCAM

HI
now im 100% sure i dont invest my money to this company,Bim Capital...
My story :

have seen a video of this company, BIM CAPITAL, and decided to register me. When I finished registering, my phone rings ... it was them, surprised and very alarmed I thought something happened here. They wanted the same thing you wrote here ... 250 USD first deposit. And promising more profits. They wanted me to register my credit card and start investing ... and help and guide me how to do.
I thought that strange .... I answered that I'm at work and now is not a good time, and I wanted to investigate a little more about your company before investing something.


I have read your comments and I am surprised that there is this type of scammers that gives them everything and all.I am very grateful for this information to avoid future scams.
NOT TO ENTER INTO VICTIM OF A SCAMFER, BIM CAPITAL.
Thank you.

Alex 05/16/2018

Bim Capital withdrawal

i’m 100% sure this broker is a SCAM...
it is very easy to deposit...
but when it comes to withdrawal, it is very hard!!
i’ve been waiting for months...but no result or whatsoever...
they even can canceled your withdrawal process without your knowledge at all..
it already happened to me...
i have $8k of my hard earn money there..
please somebody incharge..help my case..
help me to get my money back...
thank U

yan husni pranata 05/09/2018

Bimcapital a big fat lie

BIM CAPITAL: Your money is not safe!!! thy always want you to put in more and more money but when you want to withdrew some of your makings thy come with stories and reinvest your money so that you can loose everything!!! thy also log in to your account with out your consent and with out you knowing about it. thy manipulate the system so that you can loos all your money and thy don't have to pay you. what thy did with me: I first insert $270 to the account where thy called me and asked to put in more at least a $1000 to make $2000 a day so i put in the extra amount with the next day to loos everything after thy called me and told me what the market is going to do and this is how I should invest. with my surprise the market did the exact opposite of what thy said and I lost about $850!! with the money that was left in the system I managed to make $2400 ON MY OWN!, every time thy called me and told me what the market is going to do, the opposite happened and not what thy said will happen!
after i managed to make the $2400 I put in an request to withdrew a $1000. thy immediately canceled the request and told me there is documents that is needed before thy can pay me (all my documents that was needed was already added when i completed the registration!!!) then before i could say anything thy invested my money again, against my will with big promise that i will make over $2000 in one day... after thy invested my money it went in to a positive only a little bit and from there I lost everything in one day!!! this system only steals your money and everyone that working there only wants you to loose money!!!
the so called "financial manager" that stole my money name is Antony Cooper.. he has an italian accent but has an american name... red flag right there!!! thy only want to steal your money!!!!! THIS IS ALL JUST A BIG FAT LIE!!!!!

franna 04/12/2018

Bim capital unprofessional & liars

Within 2 weeks after I joined, one of their Account Manager Mr Oliver Jones, kept asking me to add more money, and said he has good information that can made me get 40000 USD profits, but all the positions that he and other Account Manager Mr Justin Price opened, are all against the market, and all my money i deposited through the Credit Cards around 13000 USD are all gone.

And the funny is, Mr Oliver suddenly dissapeared with the sick reasons, replaced by Mr Justin, and He just simply said that I was agreed to open those positions together, and ready to take All risks .

But I know nothing about this Investments, and trust their professional, And now I lose all my money and suddenly have Big debts at my Credit Cards, so never trust what they will say to you about how professional are they, and all those promises, they'll just Ask you to add more money, and got the profits From the money that you lose as well i think, Even though they will deny that and tell you They're also the victams and lose money, bunch of Crabs !!

Charles 03/19/2018

Bim Capital is all talk

I deposited $250 and my money got lost in trading within just few days. The software is not at all good, if you click on up, it will go down even though the trend was going up. I don’t recommend BIM Capital.

Anthony Cooper is so rude and an ass.

Alfie 03/01/2018

Bim capital Is fraud scam thiefs

I put €2500 in it and won a bit and lost €€500
So i deside to withdraw my money but Jason my manager there told me you have to cansel iT when because your Paper work is not complete.
So send paper work wat the were asking but mister Jason stole my money from my account €2000.
And i can not Do anything because you dont now where they are settled these people are really
Thiefs and dont now anything About trading .

Robert 02/02/2018

Bim Capital is a fraud

MY husband and I decided to go into stock trading. Initially, we got constant calls from the broker but the moment we initiated a withdrawal,our account got closed and its been one story after another. It's been over 3 months and we haven't gotten our money back. THEY ARE FRAUD, DON'T RISK YOUR MONEY

Rachael 01/10/2018

Complain

Ever since I deposited money to
Active my account no progress has been made they don't even call or email me no more and I'm oready thinking they crooks so please if there is a way we can resolve or reverse this please hit me on +27658660867.
Thanks

Sbo 01/01/2018
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