Independent rating of Forex broker JMI Brokers  

About company

JMI broker was established in 2016. The company belongs to JMI Brokers LTD. The broker is regulated by the Vanuatu Financial Services Commission (VFSC). The choice of the regulatory body is hardly surprising. Vanuatu is a popular place of registration among forex brokers due to its minimum requirements and low corporate taxes. JMI Brokers has quickly gained popularity among traders. Today, the company has over 200 employees worldwide and tens of thousands of clients from more than 100 countries, including those in Europe, the Middle East, the Persian Gulf, North Africa, and the Far East.

Trading conditions

• broker's investment portfolio includes CFD on indexes, futures, shares, metals, and oil
• NDD execution model
• 3 types of trading accounts
• free demo account
• Islamic account
• trades made at market prices through Market Execution
• round-the-clock online trading
• margin trading
• long and short positions available
• great variety of training materials, access to fundamental analysis and trading strategies
• affiliate program
• commissions apply

Trading platform

Like most forex brokers, JMI Brokers offers its clients the MetaTrader 4 trading platform. The platform is available as a web version and a mobile app. In addition, the broker created its own trading platform called JMI Brokers.

MetaTrader 4 advantages:

• reliable trading platform with various functions
• API interface
• PAMM and MAM functions available
• wide range of technical analysis tools and charts
• Expert Advisors and automated trading

JMI Brokers advantages:

• access to margin trading
• long (buy) and short (sell) positions
• high market transparency
• no contract expiration
• 24/7 non-stop trading (you can enter and exit the market at any time)

Support service

The customer support service is available 24 hours 5 days a week. You can also contact the support team via live chat, phone, or email stated on the company’s website.

Traders’ reviews

Traders’ reviews available on the net are not enough to come to a definite conclusion. Most traders give positive reviews and praise the broker for a wide choice of trading instruments and user-friendly trading platforms. Some customers, however, complain about the faulty functioning of the website, authentication errors, and other failures in the work of trading platforms.

Advantages:

• licensed broker
• affordable minimum deposit
• free demo account
• user-friendly trading platforms
• wide array of trading instruments
• Islamic account available
• prompt customer service response
• quick and smooth money withdrawal
• instant order execution
• no requote

Disadvantages:

• high spreads
• offshore broker
• difficulties with authentication
• website failures
• commissions apply