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Vanuatu|5-10 years|
Regulated in Vanuatu|Retail Forex License|MT4/5 full license|Global Business|Medium potential risk|Offshore Regulatory|


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United Kingdom



Influence index NO.1

Germany 2.87

MT4/5 Identification

MT4/5 Identification

Full License

Server Name
JMIBrokers-Demo MT4
Server Location United Kingdom




Influence index NO.1

Germany 2.87

Surpassed 42.10% brokers

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+678 24404
1276, Govant Building, Kumul Highway, Port Vila Republic of Vanuatu


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+678 24404

Broker Information


Company Name

JMI Brokers LTD

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WikiFX Risk Alerts
Previous Detection : 2024-02-24
  • The Vanuatu VFSC regulation with license number: 15010 is an offshore regulation. Please be aware of the risk!

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JMI · Company Summary

Aspect Information
Company Name JMI Brokers LTD
Registered Country/Area Vanuatu
Founded Year 2-5 years
Regulation Offshore Regulatory
Minimum Deposit $100
Maximum Leverage Up to 1:400
Spreads From 2 pips
Trading Platforms MetaTrader4 (MT4)
Tradable Assets Forex currency pairs, spot precious metals, precious metals futures (OTC), currency futures, energy futures, stock indices
Account Types Micro Account, Standard Account, Pro Account
Deposit & Withdrawal Bitcoin Wallet, EPay, Advcash, Perfect Money, Money Gram
Educational Resources N/A

As the official website of JMI is not accessible, the relevant information obtained through other websites is provided here for reference only.

Overview of JMI Brokers

JMI Brokers LTD is a licensed Financial Services Provider from Vanuatu Financial Services Commission and authorized to carry business on Dealing in Securities under Vanuatu Financial Services Commission (VFSC), with regulatory license number 15010.

Is JMI Brokers legit or a scam?

JMI Brokers is currently regulated by the Vanuatu Financial Services Commission. Their regulatory status is classified as “Offshore Regulatory.” They have obtained a Retail Forex License with License No. 15010.


Pros and Cons

JMI Brokers offers a diverse range of financial instruments, giving traders access to various markets and the ability to diversify their investment portfolios. The availability of multiple account types caters to different traders with varying levels of experience and preferences, ensuring a suitable option for individual needs. Additionally, competitive spreads provide favorable trading conditions, enabling traders to execute transactions with reduced costs. The popular and user-friendly MetaTrader4 platform enhances the trading experience by offering comprehensive features, advanced charting tools, and support for automated trading. Convenient deposit and withdrawal options further facilitate transactions for traders.

On the downside, JMI Brokers operates under an offshore regulatory status, potentially raising concerns about the level of oversight and investor protection compared to more established financial jurisdictions. The limited educational resources may hinder traders seeking comprehensive learning materials to improve their trading skills and knowledge. Moreover, the lack of detailed information on customer support availability leaves uncertainty regarding the responsiveness and assistance provided to traders. Additionally, the commission charges for stock trading should be taken into account when assessing the overall trading expenses on the platform.

Pros Cons
Offers a diverse range of financial instruments Offshore regulatory status
Multiple account types available Limited educational resources
Competitive spreads Lack of detailed information on customer support
The popular and user-friendly MetaTrader4 platform Limited information on customer feedback and reviews
Convenient deposit and withdrawal options Commission charges for stock trading
Offers leverage options

Market Instruments

JMI offers a diverse range of financial products to cater to the needs of investors. These products include foreign exchange currency pairs, spot precious metals, precious metals futures (OTC), currency futures, energy futures, and stock indices.

By providing access to a variety of financial instruments, JMI enables investors to participate in various markets and seize opportunities across different asset classes. Foreign exchange currency pairs allow investors to trade different currencies against each other, capitalizing on fluctuations in exchange rates. Spot precious metals offer the opportunity to invest in assets such as gold and silver, while precious metals futures (OTC) provide additional options for trading these commodities. Currency futures enable investors to speculate on the future value of currencies, while energy futures allow participation in the energy market. Lastly, stock indices provide exposure to a basket of stocks, reflecting the performance of specific market segments.

With this wide selection of financial products, JMI empowers investors to diversify their portfolios and explore different trading opportunities in the global financial markets.

Account Types

The JMI platform provides investors with three distinct types of accounts tailored to their specific needs: Micro accounts, Standard accounts, and Pro accounts.

Micro accounts are designed for investors who prefer to start with a smaller initial capital. With a minimum opening amount of $100, these accounts offer a more accessible entry point for individuals who are new to trading or have limited funds to invest.

Standard accounts require a minimum opening amount of $500. These accounts cater to investors who have a moderate level of trading experience and are looking for a broader range of trading features and tools.

Pro accounts, on the other hand, are tailored for experienced and high-volume traders. These accounts require a larger minimum opening amount of $50,000, reflecting their advanced features and potential for larger trading volumes. Pro accounts provide enhanced trading conditions and additional benefits to meet the specific requirements of professional traders.

JMI Brokers caters to traders of all levels, offering a wide range of account options that cater to the diverse needs of beginners, intermediate traders, and advanced professionals. Regardless of their level of experience, traders can find an account type that aligns with their trading goals and preferences. This level of flexibility allows traders to choose the account that best suits their individual needs, whether they are just starting out in the trading world, seeking to expand their trading capabilities, or already established as experienced professionals.

How to Open an Account of JMI?

As the official website of JMI Brokers cannot be accessed, it is challenging to provide specific details about their account opening process. In such cases, it is generally recommended for traders to consider alternative brokers whose official websites can be accessed without any issues. By selecting brokers with functional websites, traders can have a smoother account opening experience and access the necessary information and services conveniently. It is always advisable to choose reputable brokers with transparent and accessible online platforms to ensure a secure and reliable trading experience.

JMI Leverage

The JMI platform provides different levels of trading leverage across its various trading accounts. The leverage offered is tailored to the specific account types and varies accordingly.

For Micro accounts, JMI offers a maximum trading leverage of up to 1:400. This means that for every $1 of the trader's capital, they can potentially control a position of up to $400. Higher leverage allows traders to amplify their potential profits, but it's important to note that it also increases the risk of potential losses.

Standard accounts on the JMI platform offer a maximum trading leverage of up to 1:200. This leverage level provides traders with a balanced approach, allowing for a reasonable amount of trading exposure while still maintaining risk management measures.

Pro accounts, designed for experienced and high-volume traders, offer a maximum trading leverage of up to 1:100. This lower leverage level is suitable for traders who are well-versed in risk management strategies and prefer a more conservative approach to leverage.

Developing a comprehensive understanding of the intricacies surrounding leverage is imperative for traders, as it empowers them to exercise prudent risk management strategies during leveraged trading. Although leverage can augment potential profits, it concurrently magnifies the potential losses incurred. Hence, traders must meticulously evaluate their risk tolerance levels and gauge their trading expertise before opting for an account type and leverage level on the JMI platform. By adopting a cautious approach and making informed decisions, traders can navigate the complex dynamics of leverage effectively and optimize their trading endeavors on the JMI platform.


Spreads &Commissions

The JMI platform offers a range of spreads and commissions that vary depending on the trading instruments being traded.

For forex trading, the spreads on major currency pairs are competitive. The spread on EURUSD is approximately 2 pips, while GBPUSD has a spread of around 3 pips. USDJPY also has a spread of approximately 2 pips. It's important to note that these spreads are subject to market conditions and may fluctuate.

When it comes to precious metals trading, JMI provides favorable spreads. XAUUSD (gold) has a starting spread of 0.5 pips, while XAGUSD (silver) has a spread of around 0.05 pips. These tight spreads allow traders to access the precious metals market with efficiency.

In terms of commissions, forex trading on the JMI platform does not require any additional commissions. The costs are primarily built into the spreads offered. This means that traders can focus on the spread as the main cost component when executing forex trades.

For stock trading, there is a commission of $25 per lot. This commission applies to each lot traded and is specific to stock trading on the JMI platform.

Trading Platform

JMI offers traders access to the widely acclaimed MetaTrader4 (MT4) trading platform, available for Windows, Android, iPhone, and multi-terminal trading. The MT4 platform is renowned for its user-friendly interface and comprehensive features, providing traders with a robust trading experience.

One of the key strengths of the MT4 platform is its advanced charting tools. Traders can analyze market trends, patterns, and price movements using a wide range of charting options. Additionally, the platform offers a vast selection of customized technical indicators, empowering traders to perform in-depth technical analysis and make informed trading decisions.

Another significant advantage of the MT4 platform is its support for automated trading. Traders can develop or utilize Expert Advisors (EAs), which are automated trading algorithms, to execute trades based on predefined trading strategies. This feature is particularly beneficial for traders who prefer algorithmic or robotic trading approaches, as it enables them to trade the markets 24/7 without constant manual intervention.

By providing the MT4 platform, JMI equips traders with a powerful toolset to navigate the financial markets effectively. The platform's user-friendly interface, comprehensive charting tools, extensive technical indicators, and automated trading capabilities contribute to a seamless and efficient trading experience. Whether traders are beginners or experienced professionals, the MT4 platform offers the necessary features and functionality to support their trading endeavors.

Deposit & Withdrawal

JMI offers traders a range of convenient options for depositing and withdrawing funds from their investment accounts. Traders can choose from various payment methods to suit their preferences. The available deposit and withdrawal options include Bitcoin Wallet, EPay, Advcash, Perfect Money, and Money Gram.


In conclusion, JMI Brokers offers a diverse range of financial instruments and account types, providing traders with opportunities to access various markets and tailor their trading experience. However, it's important to consider the offshore regulatory status, which may raise concerns about oversight and investor protection. The limited availability of educational resources and lack of detailed information on customer support also pose potential disadvantages. On the positive side, JMI Brokers provides competitive spreads, convenient deposit and withdrawal options, and leveraged trading opportunities. Traders should carefully weigh these advantages and disadvantages and conduct thorough research before deciding to engage with JMI Brokers.


Q: What types of financial instruments does JMI Brokers offer?

A: JMI Brokers provides a diverse range of financial instruments, including various currency pairs, spot precious metals, futures contracts, and stock indices.

Q: Is JMI Brokers regulated by a financial authority?

A: Yes, JMI Brokers is regulated by the Vanuatu Financial Services Commission, operating under an offshore regulatory status.

Q: What are the account options available at JMI Brokers?

A: JMI Brokers offers multiple account types to cater to traders of different levels, including beginners, intermediate traders, and advanced professionals.

Q: Are there educational resources provided by JMI Brokers?

A: While JMI Brokers offers a range of financial services, the information available about educational resources is limited.

Q: What leverage options are available at JMI Brokers?

A: JMI Brokers offers different leverage options across their various trading accounts, allowing traders to choose leverage levels that align with their risk tolerance and trading experience.

Q: What trading platform does JMI Brokers use?

A: JMI Brokers utilizes the popular and user-friendly MetaTrader4 (MT4) trading platform, which is available for Windows, Android, iPhone, and multi-terminal trading.

Q: What deposit and withdrawal options are supported by JMI Brokers?

A: JMI Brokers provides a range of convenient options for depositing and withdrawing funds, including Bitcoin Wallet, EPay, Advcash, Perfect Money, and Money Gram.

User Reviews

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Jefferson Beauregard
more than one year
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.
2023-12-07 14:33
more than one year
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?
2023-12-06 16:24
more than one year
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.
2022-11-27 09:55
more than one year
$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.
2022-11-24 09:23
more than one year
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.
2022-11-23 16:03
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