JCMFX Review
Summary
JCMFX is well equipped in providing CFD/Forex trading assistance to traders across the globe making use of intuitive trading platforms as well as an experienced team of professionals ready to assist investors and traders through their trading journey. Furthermore, relevant educational materials are made available on their website to further assist traders in carrying out their own research.
JCMFX Review
Having multiple streams of income has come to be the order of today’s world. This has become so, as a result of the economic situations experienced across the globe. Inflation has increased to an all-time high seeing the average cost of living rising exponentially. Hence, people now look for more ways to earn a living to buffer the effects of these negative economic trends.
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It does not come as a surprise that one of the popular investments people now look to make a living from is the financial market. This is so because the financial market is filled with so many opportunities to earn a living and it has been proven and tested to be a reliable source of income over the years.
To a lot of people, the idea of the financial market isn’t new to them as so many rumors have been aired about the opportunities and risks that come with investing in the financial market. However, most of these rumors over the years have turned out to be false, but what stands true is that when investing in the financial market is done right, it is the path to financial freedom.
As mentioned earlier, the financial market also comes with its investment risks and that is why investors must be responsible for themselves when participating in the financial market. Traders and investors must ensure that their investments aren’t exposed to unnecessary risks and that a comprehensive estimation of market trends and their dynamics is carried out before any execution of trades.
Focusing more on the design and structure of the financial market, all components of the financial market are modeled not to function in isolation and as a result, must rely on one another. That is why an investor can’t break into the financial market without the involvement of a brokerage or an exchange platform.
Exchange platforms are passageways into the financial market. Investors make use of their services to rake in huge returns and also protect their investments in the money market. Hence, investors must choose an exchange platform out of the numerous options available in the financial industry. However, since the trading needs of investors and traders vary from one another, every investor makes use of different metrics in choosing the broker that best meets their needs.
The high number of exchange platforms present in the financial industry today has now rather become a problem instead of a blessing to investors. Scams and mediocre exchange platforms are now rampant in the financial industry, offering similar benefits and features as that of legitimate exchange platforms. Hence making it difficult for investors to differentiate decent exchange platforms from scams.
Nonetheless, through comprehensive research on the features, operation, and benefits of several exchange platforms, you will be able to make a conscious choice on the exchange platform that best suits your trading needs. Truth be told, these researches are quite time-consuming and daunting to carry out. However, that is why we are here; to carry out this research on your behalf while you focus more on other important aspects of the financial markets.
As one of the choices to consider for an exchange platform, we will be discussing the entire operations, benefits, and features of the JCMFX exchange platform. This review is as honest as it gets as nothing will be held back for or against the exchange platform in question. So that at the end of the review, you will have all the necessary information needed to make your decision about the exchange platform.
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Broker | JCMFX |
Trading platform | MetaTrader4 |
Trading option | Forex, and Commodities |
Minimum deposit | $10 |
Bonus | 20% Rescue Bonus
100% Bonus $30 Free No Deposit Bonus |
Leverage | Maximum of 1:100 |
Payment Method | Skrill, Debit/Credit card, Local Bank, and Netellar |
Leverage | 1:500 to 1:1000 |
The Joint Capital Management Limited is the parent company of the JCMFX exchange platform which is registered under the Financial Services Authority (FSA) of Saint Vincent and the Grenadines having the Central America Global Business license number, 23313/IBC. The JCMFX exchange platform is a well established financial service provider that kicked off its activities in 2017 having its headquarters located in Saint Vincent and the Grenadines.
JCMFX is well equipped in providing CFD/Forex trading assistance to traders across the globe making use of intuitive trading platforms as well as an experienced team of professionals ready to assist investors and traders through their trading journey. Furthermore, relevant educational materials are made available on their website to further assist traders in carrying out their own research.
Let’s check out the features and benefits the JCMFX exchange platform offers its clients.
Account Options
Investors and traders in the financial market do not approach trading the same way. This is because traders differ from one another based on risk appetite, level of experience, and the investment capital used in trading.
Hence, most exchange platforms developed various types of trading accounts to meet these differences among traders, and the JCMFX exchange platform is not found wanting in this aspect.
JCMFX offers two types of trading accounts to its clients namely the Standard account and the Mini account both offering various benefits to clients based on their trading needs. It should be pointed out that both accounts offer similar benefits such as trailing stops, hedging automated trading, one-click trading, mobile trading, and pending orders. However, there are also distinct features that come with each of these trading accounts which include;
Mini Account
- A minimum deposit of $10
- Minimum lot size of 0.01
- Leverage of 1:1000 for forex trading
- A fixed spread of 1.2
- Availability expert advisors
Standard Account
- A minimum deposit of $100
- A minimum lot size of 0.01
- A variable spread between 1.2 to 1.8
- Leverage of 1:1000 and 1:500 for forex and CFD respectively
- Availability of expert advisors.
Trading Platform
The trading platform offered by a brokerage firm is a good indication of the quality being offered by such a broker. This is because the trading platform is the heart of an exchange platform. It is the software that runs the entire operation and activities being carried out by a trader in the financial market.
Hence, a decent exchange platform is expected to have an incredible interface, simple and straightforward, and easy to navigate by all traders irrespective of their experience level. In using a decent trading platform, traders get to have an incredible trading experience and can easily analyze and execute trades.
JCMFX as an exchange platform has worked hard to provide a great trading platform which is the MetaTrader4 for its clients. The MetaTrader4 is a popular and quite powerful trading software used by a lot of traders in the financial industry.
The MetaTrader4 is well recognized as an incredible trading platform that is very user friendly and integrated with the basic trading tools needed for various market analysis. This is why JCMFX opted to offer the MetaTrader4 to its clients as it is one of the best trading software one can get in the financial market.
The MetaTrader4 is available for downloads and installation on all mobile devices such as Android OS, iOS, and Windows OS. Which makes it easier for the JCMFX clients to access.
Bonus Offer
The JCMFX exchange platform is always looking to reward its clients so that they can make extra profit in the financial market. The rewards and bonuses offered are quite incredible, attractive, and very difficult to resist.
JCMFX offers 3 types of bonus options namely;
- 20% Rescue Bonus
- 100% Bonus capped at $1000
- $30 Free No Deposit Bonus
However, several rules pertain to these bonuses and they include;
- A maximum of $1000 in bonuses can only be earned
- The client must send an email request to apply for a particular bonus.
- The STP account is not eligible for any bonuses
- Bonuses can be withdrawn at any time
- Bonuses are in the form of credit and not cash prizes.
- Withdrawal from account sees to the cancelation of any active bonus.
Let’s have a look at each of these bonuses
The 20% Rescue Bonus
This bonus option offers clients a bonus of 20% on deposits made up to a maximum deposit amount of $10,000. This is because there’s a maximum bonus threshold of $1,000 placed on all bonuses.
The 100% Bonus
Clients are not automatically eligible for the 100% bonus offer. Hence, to qualify for this bonus, a minimum deposit of $100 is required as well as the agreement to the term of using a maximum leverage of 1:500. Furthermore, the 100% bonus has the same bonus cap of $1000 just as the 20% rescue bonus.
It is also good to note that any deposit made through other means aside from bank deposit will not qualify for the 100% bonus.
$30 No Deposit bonus
This bonus offer is only made available for 2 months after which it is canceled. The No Deposit bonus offers maximum leverage of 1:100 to clients who opt-in for the bonus
Commission and Fees
A great advantage the JCMFX exchange platform offers its clients is the low commission and spread charged on each trade execution. JCMFX wants its clients to have as much profit margin as possible hence the tight spreads offered to all its clients irrespective of trade size and account type. A fixed and variable spread ranging between 1.2 to 1.8 is charged on each trade execution without any extra commission or fees.
Withdrawals and Deposit
Generally, investment requires a specific amount of money to be laid down so interest can be earned and this also applies to the financial market. Specific investment capitals are expected to be deposited into a trading account by all traders before access is granted into the financial market and without this investment, trading cannot kick-off.
As exchange platforms expect deposits from investors, investors themselves expect exchange platforms to make available withdrawal options so they can withdraw their profits earned in the financial market.
Therefore, withdrawal and deposit go both ways and that is why exchange platforms must provide payment and withdrawal methods good and simple enough for clients to make withdrawals and deposits.
JCMFX has provided three various payment options that can be used for both withdrawals and deposits of funds by its clients. They include;
- Credit/Debit cards such as Visa and MasterCard
- Online payments platforms like Skrill and Neteller
- Bank Wire Transfer
Clients can make a minimum deposit of $10 using any of these payment methods.
Customer Support
Support is crucial to every trader in the financial market as the trading world is hard itself and can sometimes become complicated as you carry out various trading activities. This is why it is important for investors to choose a trading platform that offers adequate customer support and puts its clients in high regard. This is what JCMFX stands for.
The exchange platform makes sure that its clients’ requests and questions are well answered by making available a team of professionals who are vast in the understanding of the market’s dynamics and ready to impact this knowledge to clients whenever needed.
Furthermore, clients can also make complaints and get in touch with the exchange’s representative via email, live chat, telephone, and online contact forms. An FAQ section is also available so clients can sometimes get answers to their complaints without having to contact a representative.
Clients can get in touch with a representative 5 days a week and 24 hours a day to log their complaints or requests.
Final Thoughts
The JCMFX exchange platform offers all the basic trading features and services an investor will need to succeed financially in the money market. From this review, it is evident that JCMFX was established having the best interest of all traders and investors across the globe at heart so it is definitely worth a shot.
In considering its standard trading platform, bonuses offered, and customer support, it wouldn’t be far-fetched to claim that the JCMFX exchange platform is of top-quality. Although in case you have more questions or are still curious about its services and features, you can always visit their website to see for yourself.