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JMI -

Score

5.22 /10
Average

JMI

Vanuatu

5-10 years

Regulated in Vanuatu

Retail Forex License

MT4 Full License

Global Business

Medium potential risk

Offshore Regulated

https://jmibrokers.com

Influence

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Score

Regulatory Index3.05

Business Index7.38

Risk Management Index8.90

Software Index9.09

License Index3.05

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Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

JMI Brokers LTD

Company Abbreviation

JMI

Platform registered country and region

Vanuatu

Company website

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Company summary

Pyramid scheme complaint

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WikiFX Risk Alerts
Previous Detection : 2025-06-29
  • The Vanuatu VFSC regulation with license number: 15010 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

JMI · Company summary
JMI Review Summary
Founded1994
Registered Country/RegionVanuatu
RegulationVFSC
Market InstrumentsStocks, Forex, Cryptocurrencies, Indices, Commodities, ETFs, Funds
Demo Account✅
LeverageUp to 1:500
SpreadFrom 0.1 pips
Trading PlatformJMI Mobile APP, Web Trader, Meta Trader 4
Social/Copy Trading✅
Minimum Deposit$100
Customer SupportLive 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.

JMI Information

Pros and Cons

Pros Cons
Regulated by VFSCUnclear fee structure
Various trading assetsLimited 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 StatusRegulated byLicensed InstitutionLicense TypeLicense Number
RegulatedVanuatu Financial Services Commission (VFSC)JMI Brokers LTDRetail Forex License15010
license

What Can I Trade on JMI?

Tradable Instruments Supported
Cryptocurrencies✔
Indices✔
Forex✔
Commodities✔
ETFs✔
Stocks✔
Funds✔
Options❌
Futures❌
Bonds❌
products

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 TypeMinimum DepositLeverageSpread
Fixed SpreadUSD 100Up to 1:500From 1 pip
Variable SpreadUSD 500Up to 1:200From 0.1 pips
ScalpingUSD 1,000Up to 1:100From 1.7 pips
BonusUSD 100Up to 1:500From 2 pips
Account Type

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 PlatformSupported Available Devices Suitable for
JMI Mobile App✔iOS, Android/
Web Trader✔Web/
MT4✔iOS, AndroidBeginners
MT5❌/Experienced traders
Trading Platform
Trading Platform

User Reviews

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User comment

5

Comments

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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.
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.
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2023-12-07 14:33
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Christophera
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?
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?
Translate to English
2023-12-06 16:24
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