JMTrade Review
81
Review
Fast Facts
Account types
| Classic Account | |
|---|---|
| Minimum Deposit | 250 USD |
| Maximum Leverage | 1:400 |
| Spread from (pips) | |
| Commission per lot (USD) | 0 |
| Minimum Trade Size | |
| Step | |
| Execution Type | |
| Trading Instruments | |
| Margin Call | |
| Stop out | |
| Swap Free | |
| Currency |
Contact Info and Support
Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincent & the Grenadines
Traffic information
| Category | Metrics | Meaning |
|---|---|---|
| Ratings | Global Rank | - |
| Country Code | - | |
| Country Rank | - | |
| Category Rank | - | |
| Engagement metrics | Visits | 0 |
| Bounce Rate | 0 | |
| Pageviews per Visit | 0 | |
| Avg. Visit Duration | 0 | |
| Estimated monthly visits | July 2025 | 0 |
| August 2025 | 0 | |
| September 2025 | 0 | |
| Traffic sources | Social | - |
| Paid Referrals | - | |
| - | ||
| Referrals | - | |
| Search | - | |
| Direct | - |
About JMTrade
JMTrade operates from Saint Vincent and the Grenadines and claims to hold an SVG FSA license number 2496. It offers a Classic Account with a minimum deposit of USD 250, maximum leverage of 1:400, zero commission, and supports expert advisors (EAs), hedging, and scalping strategies. Swap-free (Islamic) status is false. Base currencies, trading instruments, platforms, and spread values are not confirmed.
Multiple regulatory authorities have identified JMTrade as unregulated or fraudulent. Notices from FCAA (Canada), MAS (Singapore), and NSSMC (Ukraine) blacklist it. JMTrade claims registration in Kuwait, which lacks verifiable licensing from the Central Bank of Kuwait; the Ministry of Commerce does not oversee leveraged forex. This absence of credible authorization places the firm in high-risk unregulated status.
Pros and cons
Pros
- Minimum deposit is specified (USD 250).
- Full support for EAs, hedging, and scalping strategies is indicated.
Cons
- No credible regulatory oversight; blacklisted by multiple financial authorities.
- Claims of licensing (e.g., in Kuwait) are unsupported by official registers.
- Uncertainty regarding trading instruments, platforms, base currencies, spreads, and other key conditions.
