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Reviewed broker: JCMFX
Operated by: Joint Capital Management Ltd.
Regulation: Registered by the Financial Services Authority (FSA) of ST. Vincent and the Grenadines, Central America. Global Business License No.23313/IBC
Established: 2015
Location: Suite 305, Griffith Corporate Centre, Kingstown, Saint Vincent and the Grenadines
Representative Offices: Belize, Hong Kong, Malaysia, Saint Vincent and the Grenadines, United Arab Emirates
JCMFX Review : Account Types
Account Types: Mini, Standard
Islamic Account: Yes
Demo: yes
| MINI Account | |
|---|---|
| Base Currency Options | USD, EUR, GBP, JPY, CHF, AUD |
| Contract Size | 1000 |
| Leverage | 1:1 to 1:1000 |
| Spread on all majors | As Low as 1.2 Pip |
| Commission | No Comission |
| Maximum open/pending orders | 200 Positions |
| Lot restriction per ticket | 100 Lots |
| Hedging allowed | 200 Positions |
| Islamic Account | Optional |
| Minimum Deposit | $10 |
| Standard Account | |
|---|---|
| Base Currency Options | USD, EUR, GBP, JPY, CHF, AUD |
| Contract Size | 1000 |
| Leverage | 1:1 to 1:1000 |
| Spread on all majors | As Low as 1.2 Pip |
| Commission | NO |
| Maximum open/pending orders | 200 Positions |
| Lot restriction per ticket | 50 Lots |
| Hedging allowed | 200 Positions |
| Islamic Account | Optional |
| Minimum Deposit | $100 |
JCMFX Review : Trading Platforms
JCMFX MT5
JCMFX pioneered the offering of an MT5 platform with trading execution quality in mind. Trade on an MT5 with No Requotes, No Rejections with flexible leverage ranging from 1:1 – to 1000:1.
JCMFX MT5 FEATURES:
- Over 100 Instruments Including Forex, CFDs and Futures
- Spreads as low as 1.2 pip
- Full EA (Expert Advisor) Functionality
- 1 Click Trading and Built in News Functionality
- Technical Analysis Tools with more then 30 indicators and charting tools
- 3 Chart Types
- Micro Lot Accounts (Optional)
- Hedging Allowed
- VPS Functionality
The JCMFX MT5 iPhone Trader allows you to access your account on an iPhone native application with the same login and password you use to access your account on your PC or Mac.
JCMFX MT5 IPHONE TRADER FEATURES:
- 100% iPhone Native Application
- Full MT5 Account Functionality
- 3 charts Types
- 30 Technical Indicators
- Full Trading History Journal
- Built in News Functionality with Push Notifications
JCMFX Review : Trading Conditions
Hedging: 200 positions
Trailing stop: Yes
Pending orders: Yes
One-click trading: Yes
Mobile trading: Yes
Automated trading: Yes
Minimum position size: 0.01 lot
Minimum spread on EUR/USD: 1.8 pips
Scalping: Allowed
Expert Advisors: Allowed
Maximum leverage: 1:1,000
Trading Platform: MetaTrader 4
Digits: 5
Margin call: 100%
Stop out level: 20%
Number of currency pairs: 50
Fixed or Variable Spreads?
JCMFX operates with variable spreads, just like the interbank forex market. Because fixed spreads are usually higher than variable spreads, in case you trade fixed spreads, you will have to pay for an insurance premium.
Many times, forex brokers who offer fixed spreads apply trading restrictions around the time of news announcements – and this results in your insurance becoming worthless. JCMFX imposes no restrictions on trading during news releases.
Fractional Pip Pricing
JCMFX also offers fractional pip pricing to get the best prices from its various liquidity providers. Instead of 4-digit quoting prices, clients can benefit from even the smallest price movements by adding a 5th digit (fraction).
With fractional pip pricing you can trade with tighter spreads and enjoy most accurate quoting possible.
JCMFX Review : Payment Options
Payment options: Credit/debit cards, FasaPay, Wire Transfer, Neteller, Skrill
Minimum deposit requirement: $10 (mini), $100 (standard)
JCMFX Review : Learning Material, Promotions and Customer Support
20% RESCUE BONUS
- Apply bonus via Email upon opening of trading account
- Deposit to maximize your bonus amount
- Available on all account types Except STP
- Bonus Capped at $1000
100% WELCOME BONUS
- Apply Bonus via Email upon deposit
- Deposit to maximize your bonus amount
- Bonus is withdrawable
- Available on all account types Except STP
- Bonus Capped at $1000
$30 NO DEPOSIT BONUS
- Apply bonus via Email upon opening of trading account
- Earnings can be withdraw
- One time bonus promo for new clients
- Only for new clients
60% PROMO BONUS
- Apply Bonus via Email upon deposit
- Deposit to maximize your bonus amount
- Bonus Capped at $1000
Customer Support: Callback, Email, Live chat, Phone, Skype, Feedback form
How was the rating of JCMFX performed compared to other brokers?
This 2023 Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on JCMFX FX broker performance and features.
Overall our online JCMFX review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online JCMFX or you find inaccurate details JCMFX broker review please get in touch with us and the changes will be applied.
