Score

3.65 /10
Danger

JFM

Australia

15-20 years

Regulated in Australia

Institution Forex License (STP)

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index4.94

Business Index8.90

Risk Management Index0.00

Software Index4.44

License Index3.05

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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

JFM Online Trading Broker

Company Abbreviation

JFM

Platform registered country and region

Australia

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2025-12-27
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • The current information shows that this broker does not have a trading software. Please be aware!

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User Reviews

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User comment

4

Comments

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Noah Smith
more than one year
Trying to deposit using Bitcoin here was a frustrating exercise! Not only did I receive zero assistance, but the fees and commissions were big, eating into my capital before I even made a trade. It felt like losing money before the game even started. To top it off, the spreads were consistently 100-200% wider than advertised on their website. I can't fathom the abundance of positive reviews – are they buying them? Because based on my experience, there are far better brokers out there.
Trying to deposit using Bitcoin here was a frustrating exercise! Not only did I receive zero assistance, but the fees and commissions were big, eating into my capital before I even made a trade. It felt like losing money before the game even started. To top it off, the spreads were consistently 100-200% wider than advertised on their website. I can't fathom the abundance of positive reviews – are they buying them? Because based on my experience, there are far better brokers out there.
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2024-04-18 15:10
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BigoneTrader
more than one year
Forget about trading the latest cryptos or hot commodities, this place is barely keeping up with the major currency pairs. And the trading platform? Oof, it's so clunky and glitchy, you'll be pulling your hair out in frustration. So happy, they had gone!
Forget about trading the latest cryptos or hot commodities, this place is barely keeping up with the major currency pairs. And the trading platform? Oof, it's so clunky and glitchy, you'll be pulling your hair out in frustration. So happy, they had gone!
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2024-04-18 12:22
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