Is CIMD Dubai Limited Legit?

After examining their website, it is clear that CIMD Dubai Limited does not fall under any regulatory agency. This is a MAJOR RED FLAG! That alone should be enough reason for you NOT to invest with them. Additionally, they collaborate with websites that offer “Automated trading software,” which is notorious for being part of scamming schemes.

So, CIMD Dubai Limited is just another unregulated forex broker, meaning customers aren’t protected. There is a high likelihood they will take your hard-earned money with no regulatory agency to hold them accountable.

How Does the Scam Work?

Typically, unregulated forex brokers like CIMD Dubai Limited operate in a predictable manner. They call people to persuade them to make the initial minimum deposit, using any method possible to achieve this. They might offer deals that sound too good to be true, such as doubling your initial deposit or making hundreds of dollars per day effortlessly. Please don’t fall for these promises—it is a SCAM! After the initial deposit, they transfer clients to a more experienced scammer, known as a “retention agent,” who will try to extract more money from you.

Don’t trust the positive reviews you might see online about CIMD Dubai Limited. These reviews are often paid for to improve their online reputation artificially.

Withdrawing Funds

You should submit a withdrawal request ASAP because your funds are never safe with an unregulated broker. This is where things get tricky.

When you attempt to withdraw your money, regardless of whether you have profits or not, they will delay the withdrawal process for months. If they delay it for six months, you can no longer file a chargeback, and your money is gone for good. No matter how often you remind them or insist on withdrawing your money, you will NOT get it back. If you signed the Managed Account Agreement (MAA), which authorizes them to do anything they want with your account, they can lose all your funds, leaving nothing to withdraw.

How to Get Your Money Back from CIMD Dubai Limited?

If you already deposited your money with CIMD Dubai Limited and they refuse to return it, which is very likely, don’t worry—there might be ways to get your money back.

First, keep emails as proof that you have been requesting the money back, but they are delaying the process or outright refusing.

1. Perform a Chargeback: Do this immediately! Contact your bank or credit card provider and explain how CIMD Dubai Limited deceived you into depositing money for a non-regulated trading company. Mention that they refuse to return your money. This is the simplest way to get your money back and the most effective against the broker. Multiple chargebacks can ruin their relationship with payment service providers.

2. Wire Transfers: If you sent a wire transfer, you cannot perform a chargeback. In this case, escalate the issue. Inform them that you will go to the authorities and file a complaint. Prepare a letter or email for regulatory agencies, detailing how they deceived you. Show this letter to the broker, and tell them you will send it to the regulatory agency if they don’t refund your money.

Make Sure You Leave CIMD Dubai Limited Reviews on Other Sites

Another way to hurt CIMD Dubai Limited and protect others is to leave negative reviews on other sites. Find other sites that have reviews of CIMD Dubai Limited and briefly describe your experience. If you have fallen victim, please leave a review and comment on this site’s comment section. If they call you from a new website, mention it in your comment or let us know. If you receive calls from other companies, include those company names in your comment or send them to us, and we will expose them too.

CIMD Dubai Limited Review Conclusions

Making this CIMD Dubai Limited review was necessary to help save people from losing their hard-earned money. Always review all Forex companies, or any company for that matter, before performing any transaction. We hope this review has been helpful to you. If you have any questions or need advice about the withdrawal process, feel free to contact us at info@thefxreview.com or by using this contact form.

If you like to trade, please do so with a trustworthy, regulated broker by choosing one of the brokers listed below.