JMI Brokers-Some Important Points about This Broker
Abstract： 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 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 |
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