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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

Account Types  

Account Types: Mini, Standard

Islamic Account: Yes

Demo: yes

MINI Account
Base Currency OptionsUSD, EUR, GBP, JPY, CHF, AUD
Contract Size1000
Leverage1:1 to 1:1000
Spread on all majorsAs Low as 1.2 Pip
CommissionNo Comission
Maximum open/pending orders200 Positions
Lot restriction per ticket100 Lots
Hedging allowed200 Positions
Islamic AccountOptional
Minimum Deposit$10
Standard Account
Base Currency OptionsUSD, EUR, GBP, JPY, CHF, AUD
Contract Size1000
Leverage1:1 to 1:1000
Spread on all majorsAs Low as 1.2 Pip
CommissionNO
Maximum open/pending orders200 Positions
Lot restriction per ticket50 Lots
Hedging allowed200 Positions
Islamic AccountOptional
Minimum Deposit$100

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

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)

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. 

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Regulation: Financial Conduct Authority UK (FCA), Financial Services Commission of Mauritius FSC, Financial Services Authority of Labuan LFSA, Financial Services Authority of Saint Vincent and the Grenadines SVGFSA, Financial Sector Conduct Authority (FSCA) of South Africa

Regulation: FSA is the financial services regulator in Seychelles

Regulation: Financial Conduct Authority FCA UK, Cyprus Securities and Exchange Commission Cysec, Cayman Islands Monetary Authority CIMA, Dubai Financial Services Authority DFSA, Saint Vincent and the Grenadines VGFSA

Regulation:  Republic of Seychelles, Financial Conduct Authority (FCA) UK

Regulation: FSC Financial Services Commission of the Republic of Mauritius

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