Global Forex Broker Regulatory Inquiry APP


1.45 /10

JM Trade


2-5 years

Suspicious Regulatory License

MT4/5 White Label

Regional Brokers

High potential risk


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License Index 0.00
Business Index 6.51
Risk Management Index 0.00
Software Index 4.00
Regulatory Index 0.00
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No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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Contact number


+965 22204985

Broker Information


Company Name

JM Financial LLC

Company Abbreviation

JM Trade

Platform registered country and region


Company website





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Warning: Low score, please stay away!
Previous Detection : 2023-06-07
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

JM Trade · Company summary
Registered Country Kuwait
Regulation No regulation
Minimum Deposit $250
Maximum Leverage 1:400
Trading Platform MT4 trading platform, Mobile APP
Demo Account Available
Trading assets Currencies, Indices, Commodities, Equity, Cryptocurrencies
Payment Methods VISA, MasterCard and Bank Wire International
Customer support 24/5 customer support Telephone: +9652228600102Email:

General Information

JM Trade is allegedly a Kuwait-based CFD broker that provides its clients with the worlds most advanced trading platforms, up to 1:400 leverage, competitive spreads on over 300 tradable assets, as well as a choice of three different account types and 24×5 customer support services.

Here is the screenshot of JM Trades official website:



As for regulation, JM Trade disappoints us for it does not hold any license to support its operation. Here we can see that WikiFX has only given this broker a very low score of 1.43/10, which means it is not a reliable brokerto trade with.


Market Instruments

JM Trade advertises that it offers 300+ trading instruments, including CFD trading on forex, cryptocurrencies, commodity, indices and equity. Some other trading assets like stock and metals are also available.


Account Types

There are three trading accounts offered by JM Trade, namely Start, Gold and VIP. The minimum initial deposit to open a Start account is $250, while the other two accounts require much higher initial capital, $5,000 and $50,000 respectively.



When it comes to trading leverage, the maximum level offered by JM Trade is much higher that most brokers, up to 1:400. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.


Spreads are influenced by what account types traders are holding. The Start account enjoy standard spreads, while the Gold account with reduced spreads and the VIP account with minimum spreads. To be more specific, from the information displayed on the internet, we also found that spread for EUR/USD pair was floating around 0.4 pips, yet we cannot confirm it unless login.

Bonus Offered

JM trade gives a welcome bonus on clients first deposit. This means that when you open an account, you are eligible to receive up to US $ 1,500 for Standard account, up to US $ 3,000 for Gold and US $ 10,000 for VIP Account. But this bonus compaign is time-limited, and there some details you need to notice:


Trading Platform Available

In terms of trading platforms available, JM Trade gives its clients three choices of trading accounts, namely JM Trade Web Terminal, JM Trade Mobile app, Web Trader.

JM Trade Web Terminal


Mobile App




Deposit & Withdrawal

JM Trade accepts deposit or withdrawal via VISA, MasterCard and Bank Wire International. The fees and processing time of deposit requests vary depending on payment methods. Deposit via VISA, MasterCard will be charged 3% fees instantly, deposit via Bank Wire International is no fees and requires 3 working days to process. While all withdrawal requests usually require 3 to 5 working days, but vary according to different account types. The Start account enjoy the withdrawal speed of standard priority, the Gold account with medium priority and the VIP account with the highest priority.


Customer Support

JM Trade customer support can be reached through telephone: +9652228600102, email: Besides, you can also follow this broker on some social media platforms like Twitter, Instagram, Facebook and LinkedIn.

Company address: Al Enmaa Tower, 15th Floor, Abdullah Al-Mubarak Street, Al-Mirqab, Kuwait City, Kuwait.


Pros & Cons

Pros Cons
Bonus offered No regulation
MT4 trading platform No online chat supported
Generous leverage up to 1:400 High minimum deposit required
Weak trading platform
No 24/7 customer support

Frequently Asked Questions

Does JM Trade offer demo accounts?

Yes, demo accounts are available the JM Trade platform.

What trading instruments does JM Trade offer?

JM Trade offers a series of trading instruments, including forex, cryptocurrencies, commodity, indices and equity.

What trading platform does JM Trade offer?

JM Trade offers three choices of trading accounts, namely JM Trade Web Terminal, JM Trade Mobile app, Web Trader.

What is the maximum trading leverage offered by JM Trade?

The maximum trading leverage offered by JM Trade is up to 1:400.

User Reviews

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more than one year
Excellent services and a good trading platform. They have been honest and straightforward. And I like a broker that deals that way. People always guide me nicely. Withdrawal is fast and best of all deals are so much more profitable.
2023-02-21 13:43
more than one year
I traded this broker last year, and I most traded currency pairs. No slippage occurred and its large leverage gave me much flexibility. I felt quite confident to trade with this broker then. You can contact with their customer support team anytime you need help. Guys, it is a good broker , i promise.
2022-12-02 14:49
more than one year
Withdrawals are slow! My friend highly recommended them to me, saying that their service is excellent and the withdrawal speed is very fast. After his recommendation, I decided to try to open an account, but I only opened a basic account because I didn't have much money. As a result, I'm having trouble withdrawing my money. Too slow. It's been a week and I still haven't seen any money back in my bank account. I thought my friend was cheating me, but no, he did receive the withdrawal, and he appl
2022-12-02 14:06
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