J&M Global Company LTD is a forex and contract for difference (CFD) broker registered in Canada, primarily offering financial trading services such as forex, precious metals, and CFDs to traders. The broker's official website is www.globalfinfx.com, and it primarily supports traditional Chinese language. J&M Global Company LTD does not provide services to residents of any country or jurisdiction that may violate local laws or regulations, such as the United States.
Corporate Background and Regulatory Status:
J&M Global Company LTD is registered in Canada with the address 2030 Bristol Circle Suite 210 Oakville ON L6H 6P5 Canada and the enterprise registration number 1241725-1. According to the information retrieved from Whois, the broker's website domain was registered on August 2, 2018.
Moreover, J&M Global Company LTD is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) with an MSB number M20896523. However, FINTRAC is a Canadian financial intelligence agency and regulator for anti-money laundering and anti-terrorist financing. Its mission is to facilitate the detection, prevention, and deterrence of money laundering and terrorist financing while ensuring the protection of personal information under its control. FINTRAC monitors large cash transactions, remittances, and cryptocurrency transactions but does not regulate forex trading and brokerage activities. In other words, the business conducted by J&M Global Company LTD lacks oversight from a legitimate regulatory authority.
Additionally, as of March 24, 2023, J&M Global Company LTD has been listed on the warning list by the UK Financial Conduct Authority (FCA).
Account Types:
J&M Global Company LTD offers real trading accounts and demo accounts. Specific information about spreads, trading leverage, trading commissions, and trade execution types is not publicly available on their website.
Trading Platform:
On its official website, J&M Global Company LTD claims to provide the MT4 trading platform. However, during the actual download process, it has been found that the broker offers MT5 for download. The MT4 platform does not display this broker, but it can be found on the MT5 platform. The inconsistency between their website's claim and the actual offering raises questions.
Deposits and Withdrawals:
J&M Global Company LTD does not provide information about the methods and specific procedures for making deposits and withdrawals on their website.
Customer Support:
Users can contact J&M Global Company LTD through phone at +1 2052165299 or via email at [email protected].
In Summary:
Traderknows advises investors that J&M Global Company LTD is an unregulated forex and CFD trading firm, and it has been listed on the UK Financial Conduct Authority's warning list as of March 24, 2023. Additionally, their website's MT4 download section appears misleading, as it claims to offer MT4 but actually provides MT5 for download. The broker's servers can only be found through their official website. It is recommended that investors choose well-regulated and reputable platforms for trading to avoid potential financial losses. Currently, this broker is marked as "suspicion of fraud" on Traderknows.
