What Account Types and Fees Does JMI Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, user-friendly platform |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
Higher leverage, lower spreads |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients and institutions |
Customized services, advanced risk management |
Requires corporate documentation |
| Islamic Account |
Traders seeking Sharia-compliant options |
Swap-free trading |
Available upon request |
| Demo Account |
All traders for practice |
Risk-free environment to test strategies |
No minimum deposit required |
Account Opening Process
To open an account with JMI, follow these steps: First, submit your personal information, including name, address, and contact details. Next, provide your employment information, which may include your occupation and employer details. You will also need to submit financial information to assess your trading knowledge and experience. Identity verification is required, so be prepared to upload a valid ID and proof of address. JMI allows flexibility in upgrading from a retail to a professional account as your trading experience grows.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
2.0 |
$0 (ECN: $3.5/lot) |
Competitive spreads for major pairs |
| Forex (GBP/USD) |
2.5 |
$0 (ECN: $3.5/lot) |
Popular pair with reasonable costs |
| CFDs (Stocks) |
0.1% |
$5 per lot |
Varies by stock |
| CFDs (Indices) |
1.0 |
$3 per lot |
Includes major indices |
| CFDs (Commodities) |
1.5 |
$3 per lot |
Popular commodities available |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
JMI imposes several additional fees, including deposit and withdrawal fees that may vary depending on the chosen payment method. There is an inactivity fee charged if the account remains dormant for an extended period. Platform usage fees are not applicable for standard accounts. Overnight interest, or swap rates, will apply to positions held overnight. Lastly, currency conversion fees may be incurred when trading different currency pairs.
