JMI Brokers Group reviews

JMI Brokers Group_logo JMI Brokers Group 6/10 (votes 2374)

On-line since: 2016
Country of origin: The United Arab Emirates
Regulation: -
Payment options: wire transfer
Minimum account size: $100
Minimum lot size: 0.01 lot
Leverage: 1:500
Spreads: -

JMI Group is the leading independent organization in the forex market. Its headquarters is located in Dubai. The company provides its clients with such trading instruments as currency pairs, derivatives, stocks, and commodities. It offers financial services in Europe, the Middle East, the Persian Gulf, North Africa, and the Far East. JMI Brokers has gained the reputation of a leader in the sphere thanks to its unique agency model, trading instruments, and services. Traders also emphasize that the company’s Support service team is very attentive to their clients. The broker has various awards such as Excellent Achievement Award, Prime Customer Award, Best Electricity Consumer Award, and some others.

Trading conditions

JMI Brokers provides its clients with a large array of trading instruments, including currency pairs, futures (OTC), precious metals, indices, and energy assets listed in major world exchanges.

Traders can choose from such trading accounts as a micro account, standard account, and professional account. To start trading, the company’s clients should top up their accounts at least by $100.

The broker has the following advantages:

1. Traders can benefit from trading on margin. Besides, they can get access to the forex market depositing a small sum of money.

2. Trading can be performed 24 hours a day.

3. Traders have an opportunity to open long (buy) and short (sell) deals.

4. The broker offers transparent trading conditions.

5. There is no expiration date of the contract.

The JMI Brokers educational center offers a variety of training materials, technical and fundamental analyses, an economic calendar, and an overview of trading strategies.

Trading platform

Deals can be performed by means of the most powerful trading platforms such as MetaTrader 4 and JMI Brokers. The last one was developed by the company’s specialists. The trading platforms are compatible with both mobile devices and PCs.

Support Service

The company’s support service is available round-the-clock on working days. Traders may contact the Support service by means of a live chat, feedback, phone number, and email for written requests.

Deposit and withdrawal of funds

JMI Brokers accepts only funds from an account that has a client's name. In accordance with Dubai's anti-money laundering laws, the broker cannot accept credit card payments, third-party transfers, or cheques. All transfer requests are processed as soon as they are received in JMI. The processing time usually depends on the processing time of the transfer performed by the depository banks and/or on the chosen payment method. To transfer funds, traders should have an active account registered with JMI Brokers.

Comments left by traders

There are few comments about the company’s services.

Advantages and disadvantages of the broker

Pros:

  • licensed broker
  • lucrative trading conditions
  • reasonable minimum deposit
  • convenient trading platforms

Cons:

  • no demo account

Conclusion

The JMI Brokers services can be estimated only by means of information about its trading conditions presented on the official website. The broker offers a wide range of trading instruments, reasonable minimum deposit, and convenient trading platform. Оnly English-speaking traders can work with the broker. Thus, we cannot fully estimate the company’s services.

Add your review

Comments about broker

Loppy trader
review JMI Brokers Group
06-07-22

My first deposit was $100. For deposits and withdrawals, I use the wire transfer system which has the lowest commission for withdrawing, and no commission for deposits. Their platform MT4 works fast in execution, I didn't have delays or crazy spreads. When I had a situation where some positions were closed during the night and I called their support team and explained the situation, they re-opened my positions and I got also my money back in the account. I recommend the broker because it's honest.

Erick trader
review JMI Brokers Group
24-09-21

The provide me good trading platform and also spread that competitive to me which start from 2 points for major pairs, leverage can be set up to 1:500 and minimum deposit amount is $100 USD which is newbie can start trading with minimum amount that they afford to deposit. There has never been any problems that arise. And I can use free swap account because sometimes my position will take more than a day to reach the take profit point. I’m not worried about deposit and withdrawal because it only take around 2 days to see money credited into bank account and within an hour to see money credited into trading account.

Samrat trader
review JMI Brokers Group
03-09-21

Before I opened an account at JMI Brokers Group, I was very hesitant. They did not offer demo trading so there was no way to gauge how their trading system is. But thankfully, the broker offers quality services. Now, I have been with them for a year and the experience is really great.

Oenktu trader
review JMI Brokers Group
23-05-21

JMI brokers group is a useless broker. The spread is too high, They widen spreads extremely up to 12-20 pips most often, create big spike and they hunt stops. I know they are a market maker but knowing the spreads they offered is not tight. When I tried contacted their client support to ask some necessary questions and I am surprised that it took them 17 days to respond.

Jake trader
review JMI Brokers Group
04-01-21

They don't have a demo account, and I immediately opened a real account with a deposit of $ 2000, and I think this broker is perfect for me. I've never found such a kind and professional support team. They are always ready to help us. Withdrawal is very fast. I use the MetaTrader4 platform which I have been using for a number of years and it does everything I could possibly want. And I have never faced any problems with it. There is no restriction to scalp, that is why my trading is very profitable.

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