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Jainam foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.jainam.in/, about the company's legal and temporary regulatory information, the company's address New Passport Office Road, Kargil Chowk, Piplod, Surat-395007.

Jainam Forex Broker

Basic Information

Registered Region
India
Operating Period
--
Company Name
Jainam Commodities Pvt.Ltd
Abbreviation
Jainam
Company employee
--
Customer Service Email Address
customer.care@jainam.in
Contact Number
+9102616725555
Company Website
Company address
New Passport Office Road, Kargil Chowk, Piplod, Surat-395007
Keywords
5-10 years
Suspicious Regulatory License
High potential risk

Company profile

JainamReview Summary Founded2004 Registered Country/RegionIndia RegulationNo regulation Market InstrumentsStocksFutureOptionsDebt ProductsIPOsMargin Trading FundsMutual Funds and SIP Demo Account❌ Leverage/ Spread/ Trading PlatformJainam mobile app, web trading platform Min Deposit/ Customer SupportPhone: 0261-3530458,0261-3543291,92,93 Email: Salesandmarketing@jainam.in Social Media: Whatsapp, Telegram, Instagram, X, Facebook, Linkedin, Youtube Physical Address: New Passport Office Road,Kargil Chowk, Piplod,Surat-395007Jainam Information Incorporated in India in 2004, Jainam offers financial services including Stocks, Future, Options, Debt Products, IPOs, Margin Trading Funds, Mutual Funds and SIP, In addition, 2 account types and 2 trading platforms are supported. Currently, it is unregulated.Pros and Cons Pros Cons Many tradable productsNo regulation MT4/5 is not supported No deposit and withdrawal informationIs Jainam Legit? Jainam is currently unregulated and the website was registered in 2005.What Can I Trade on Jainam? Jainam offers trading products such as Stocks, Future, Options, Debt Products, IPOs, Margin Trading Funds, Mutual Funds and SIP. Tradable Instruments Supported Stocks✔ Future✔ Options✔ Debt Products✔ IPOs✔ Margin Trading Funds✔ Mutual Funds and SIP✔ Forex❌ Precious metals & Commodities❌ Indices❌ ETF❌Account Types Jainam offers two account types: Premium and DIY.Jainam Fees Jainam provides the fees for equities, currencies and commodities.Trading Platform Jainam offers trading platforms Jainam mobile app, web trading platform that can be used on mobile phones or web. Trading PlatformSupported Available Devices Suitable for Jainam mobile app✔MobileAll traders web trading platform✔WebAll traders MT4❌ MT5❌

Jainam broker review

Rating Index

  

Jainam Forex Broker - Complete Information Guide

  

1. Broker Overview

  Jainam Broking Limited, founded in 2003 by Mr. Milan Parikh, is a prominent financial services company headquartered in Surat, Gujarat, India. As a private entity, Jainam Broking has established itself as a full-service broker, catering to a diverse clientele that includes retail and institutional investors. Over the years, Jainam has expanded its service offerings and client base, achieving significant milestones in the Indian financial market.

  The company operates under memberships with major exchanges, including the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), Multi Commodity Exchange of India (MCX), and National Commodity and Derivatives Exchange (NCDEX). Jainam Broking provides a wide range of investment services, such as equity trading, derivatives trading, commodity trading, currency trading, and mutual fund investments. The firm's commitment to quality investment advice and personalized attention has made it a trusted partner for investors looking to navigate the complexities of the stock market.

  Jainam Broking's business model primarily focuses on retail forex trading, institutional services, and comprehensive investment solutions. The firm aims to empower its clients with innovative trading tools and resources, ensuring a seamless trading experience.

  

2. Regulatory and Compliance Information

  Jainam Broking operates under strict regulatory oversight from several key authorities in India. The primary regulatory bodies include:

  • Securities and Exchange Board of India (SEBI)
  • Bombay Stock Exchange (BSE)
  • National Stock Exchange (NSE)
  • Multi Commodity Exchange (MCX)

  Each of these regulatory bodies has assigned specific registration numbers to Jainam Broking, ensuring compliance with local laws and regulations. The licenses held by Jainam are valid and cover a range of financial services, providing assurance to clients regarding the legitimacy and reliability of the broker.

  Jainam Broking adheres to stringent customer fund segregation policies, ensuring that client funds are kept separate from the company's operational funds. This practice enhances the security of client investments and fosters trust. Additionally, Jainam is a participant in investor compensation schemes, further safeguarding client interests.

  The firm implements comprehensive Know Your Customer (KYC) and Anti-Money Laundering (AML) measures, ensuring that all clients are verified and compliant with regulatory standards. These practices are essential for maintaining the integrity and transparency of the financial services industry.

  

3. Trading Products and Services

  Jainam Broking offers a diverse array of trading products designed to meet the needs of various investors. The firm provides access to a wide range of forex currency pairs, including major, minor, and exotic pairs, allowing clients to trade in a dynamic market environment.

  In addition to forex trading, Jainam Broking also offers Contracts for Difference (CFDs) on various asset classes, including:

  • Indices: Access to major global indices for diversified trading opportunities.
  • Commodities: Trade in agricultural and non-agricultural commodities.
  • Stocks: Opportunities to trade individual stocks across various sectors.
  • Cryptocurrencies: Participation in the growing cryptocurrency market.

  The firm regularly updates its product offerings, introducing new instruments to cater to evolving market demands. Jainam Broking also provides services tailored for retail traders, as well as specialized solutions for institutional clients, including white-label solutions and asset management services.

  

4. Trading Platforms and Technology

  Jainam Broking supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, providing traders with robust tools for technical analysis and automated trading. These platforms are well-known for their user-friendly interfaces and extensive features, including advanced charting tools and custom indicators.

  In addition to these popular platforms, Jainam has developed its proprietary trading platform, enhancing user experience with real-time market data, order execution capabilities, and portfolio management features. The broker also offers a web-based trading platform, allowing clients to trade conveniently from any device with internet access.

  Mobile trading is supported through dedicated applications for both iOS and Android, ensuring that clients can manage their trades on the go. Jainam Broking employs an ECN (Electronic Communication Network) execution model, enabling direct market access and ensuring competitive spreads.

  The broker's technology infrastructure includes reliable server locations that facilitate fast order execution and minimize latency. Furthermore, Jainam Broking offers API access for clients interested in developing automated trading strategies, enhancing the trading experience for tech-savvy investors.

  

5. Account Types and Trading Conditions

  Jainam Broking provides various account types to accommodate different trading preferences and investment strategies. The standard account conditions include:

  • Minimum Deposit: Varies by account type, typically accessible for retail investors.
  • Spreads: Competitive spreads across various trading instruments, with details available on the broker's website.
  • Commissions: A flat commission structure for certain products, ensuring transparency in trading costs.

  For advanced traders, Jainam offers premium account types, such as VIP accounts and professional accounts, which provide additional benefits, including reduced spreads and personalized service.

  The broker also provides special accounts, such as Islamic accounts, which comply with Sharia law, and corporate accounts for institutional clients. A demo account is available for traders looking to practice their strategies without risking real capital.

  Leverage ratios vary by product, with options available for both conservative and aggressive trading strategies. The minimum trade size is flexible, accommodating both small and large investors, while overnight fees are clearly outlined in the broker's fee schedule.

  

6. Fund Management

  Jainam Broking supports a variety of deposit methods, ensuring that clients can easily fund their trading accounts. Accepted deposit methods include:

  • Bank Transfers
  • Credit/Debit Cards
  • E-wallets

  The minimum deposit requirements differ based on the account type selected, with detailed information provided during the account opening process. The broker aims to process deposits promptly, typically within one business day.

  Withdrawal methods are equally diverse, allowing clients to access their funds with ease. Withdrawal processing times vary, but Jainam strives to ensure timely transactions. The broker maintains a transparent fee structure for withdrawals, with details available on its website.

  

7. Customer Support and Educational Resources

  Jainam Broking prioritizes customer support, offering multiple channels for clients to seek assistance. Support options include:

  • Phone Support
  • Email Support
  • Live Chat

  The broker operates during standard business hours, with customer service representatives trained to assist clients in various languages.

  Jainam Broking also provides a wealth of educational resources designed to empower clients. These resources include:

  • Webinars
  • Tutorials
  • E-books

  Market analysis services are integral to Jainam's offerings, with daily market insights, news updates, and research reports available to clients. The broker also offers a suite of trading tools, including calculators and economic calendars, to help traders make informed decisions.

  

8. Regional Coverage and Restrictions

  Jainam Broking primarily serves the Indian market, with a strong presence in Surat and surrounding regions. The firm has established multiple branches to cater to its growing client base.

  While Jainam Broking aims to expand its reach, certain countries or regions may face restrictions on account opening due to regulatory compliance issues. Clients are encouraged to check the broker's website for a list of countries where services may not be available.

  In summary, Jainam Broking stands out as a reliable partner for investors seeking comprehensive financial services, supported by a strong regulatory framework, diverse product offerings, and a commitment to customer satisfaction. With its innovative technology and dedication to client education, Jainam continues to enhance its position in the competitive financial services market.

  This comprehensive overview of Jainam Broker illustrates its commitment to providing quality services to both retail and institutional clients, making it a noteworthy player in the financial landscape.

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Jainam Forex Broker has an overall rating of 1.55, Regulatory Index 0.00, License Index 0.00, Business Index 7.32, Software Index 4.00 Risk Control Index 0.00.