Company Summary
| JMI Review Summary | |
| Founded | 1994 |
| Registered Country/Region | Vanuatu |
| Regulation | VFSC |
| Market Instruments | Stocks, Forex, Cryptocurrencies, Indices, Commodities, ETFs, Funds |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 0.1 pips |
| Trading Platform | JMI Mobile APP, Web Trader, Meta Trader 4 |
| Social/Copy Trading | ✅ |
| Minimum Deposit | $100 |
| Customer Support | Live Chat, Contact Form |
| Tel: +678 24404 | |
| Email: support@jmibrokers.com | |
| Address: 1276, Govant Building, Kumul Highway, PortVila Republic of Vanuatu Govant Building,P.0. Box 1276, Port Vila | |
JMI Information
JMI is a Vanuatu-based broker founded in 1994, regulated by VFSC. It offers a diverse range of market instruments, for instance: Stocks, Forex, Cryptocurrencies, Indices, Commodities, ETFs, and Funds.
Pros and Cons
| Pros | Cons |
| Regulated by VFSC | Unclear fee structure |
| Various trading assets | Limited info on deposit and withdrawal |
| Social/copy trading available | |
| Demo accounts available | |
| Live chat support | |
| MT4 provided | |
| Various account types |
Is JMI Legit?
JMI is regulated by Vanuatu Financial Services Commission (VFSC), under JMI Brokers LTD, with license number 15010.
| Regulatory Status | Regulated by | Licensed Institution | License Type | License Number |
| Regulated | Vanuatu Financial Services Commission (VFSC) | JMI Brokers LTD | Retail Forex License | 15010 |
What Can I Trade on JMI?
| Tradable Instruments | Supported |
| Cryptocurrencies | ✔ |
| Indices | ✔ |
| Forex | ✔ |
| Commodities | ✔ |
| ETFs | ✔ |
| Stocks | ✔ |
| Funds | ✔ |
| Options | ❌ |
| Futures | ❌ |
| Bonds | ❌ |
Account Type & Fees
JMI offers four types of live trading accounts: Fixed Spread, Variable Spread, Scalping, and Bonus, each designed for different levels of trader experience and investment size. The broker also provides a demo account for practice.
| Account Type | Minimum Deposit | Leverage | Spread |
| Fixed Spread | USD 100 | Up to 1:500 | From 1 pip |
| Variable Spread | USD 500 | Up to 1:200 | From 0.1 pips |
| Scalping | USD 1,000 | Up to 1:100 | From 1.7 pips |
| Bonus | USD 100 | Up to 1:500 | From 2 pips |
Leverage
JMI offers leverage up to 1:500, depending on the instrument and account type. Leverage allows traders to control larger positions with smaller capital, amplifying both potential profits and losses.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| JMI Mobile App | ✔ | iOS, Android | / |
| Web Trader | ✔ | Web | / |
| MT4 | ✔ | iOS, Android | Beginners |
| MT5 | ❌ | / | Experienced traders |
FX3695163352
Egypt
I would like to file an official complaint against the trading company JMI Brokers Ltd after they closed my account number 47706 and withheld my profits amounting to $15,000 USD without any legal justification.
Exposure
Jefferson Beauregard
Cyprus
JMI Brokers raises concerns with its offshore regulatory status, limited educational resources, and a lack of transparency on customer support and stock trading commissions. Access issues to the official website add to the uncertainties. Caution is advised before considering this platform.
Neutral
Christophera
Colombia
I've been checking out JMI Brokers, and they've got a bunch of financial instruments and different account types with some pretty competitive spreads. The fact that they use MetaTrader 4 is cool and all, making the trading experience better. But I gotta say, I'm a bit skeptical because they're offshore regulated. Also, there's not much in the way of educational resources, and I couldn't find detailed info on customer support and stock trading commissions. Makes me a little uneasy, you know?
Neutral
FX1048570284
Ecuador
After looking at this company, I searched wikifx and found out that it has high transaction costs and does not provide services in Spanish. My English is fine, but I prefer to operate in my native language.
Neutral
FX1042716768
Tunisia
$100 minimum deposit to open an account is OK. Wide range of instruments and flexible leverage are both good. However, 2 pips for EUR/USD pair is too high, and popular payments are not supportable.
Neutral
FX1029188010
Thailand
I tested a demo account on this platform several days ago, trading conditions looks good. Their customer service team is also enthusiastic and professional. I am ready to invest a small amount here to see if it performs good. I will come to tell you the result later.
Positive