Established in 2017 in Kingstown, Saint Vincent and the Grenadines, JCMFX is an STP/ECN trading broker that offers several competitive trading conditions, including fast trade execution, zero fees on deposits, low spreads from 0.8 pips, and maximum leverage capped at 1:500. They give traders the opportunity to trade multiple financial assets, such as forex, stocks, indices, energies, metals, and CFDs, using the MetaTrader 5 trading platform. The broker makes available a few educational materials and also provides a customer support team to assist traders.
JCMFX Review Introduction
In this JCMFX review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including JCMFX.
JCMFX Platforms & Tools
Trades are executed on the MetaTrader 5 trading platform, an advanced trading platform that was developed by Metaquotes in 2010. The MT5 platform has remained one of the most widely used trading platforms in today’s forex and CFD trading industry. It has an interface that is easy-to-use whilst being equipped with advanced functionalities to suit the more seasoned traders. It has several built-in tools and useful features, including advanced charts, multiple timeframes, support for automated trading using expert advisors, and more. The MT5 trading platform is available as a desktop application for Windows and Mac computers; a web version that runs directly on most modern web browsers, such as Chrome, Safari, Firefox, and Edge; and a mobile app that is compatible with smartphones running on Android and iOS systems. The mobile app is best suited for traders who would want to manage their accounts while on the move, as long as they have an internet connection.
JCMFX Research & Education
There is an FAQ section on the broker’s website; it is designed to answer the most common questions that traders may have.
JCMFX Trading Accounts
Traders can open a live account for trading purposes. The minimum deposit required to open a live trading account is $10. There is also a demo account that is beneficial for beginner traders who wish to familiarise themselves with the broker’s platforms and practice their trading strategies using virtual funds before opening a real trading account.
JCMFX Account Funding
JCMFX allows clients to deposit and withdraw funds to and from their trading accounts using any of the following payment methods: bank wire transfer, credit/debit cards (Visa and MasterCard), and electronic payment processors, such as Neteller and Skrill.
Some payment methods are not available in certain countries, and the time taken to process transactions is dependent on the payment method in use.
JCMFX Customer Service
The broker offers a knowledgeable customer support team that is available 24/5 to respond to clients’ inquiries. They can be contacted via telephone, email, Live Chat, and an online contact form.
JCMFX is a trading name of Joint Capital Management Limited, which is registered by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines with the America Global Business License Number: 23313/IBC.
JCMFX Review Summary
JCMFX is an online financial services provider that offers access to trade multiple financial instruments via the MetaTrader 5 trading platform. The broker offers several competitive trading conditions, including negative balance protection, low spreads, flexible leverage, and more. They provide a client support team to assist traders.
It is worth mentioning that some of the trading products and services in this JCMFX review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the JCMFX broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.