Segregation Of Client Funds.
Under UAE Central bank client money rules JMI Brokers LTD is obliged to segregate the money that our clients deposit with us. This means that we must take steps to ensure that our clients’ money is held in a separate account away from any accounts used to hold money belonging to the firm. The purpose of this separation is to prevent the use of client money by the firm for its own account at all times.
In terms of where the client funds should be held, ie with which institution, we are obliged to exercise all due skill, care and diligence in our selection, taking into account the expertise and market reputation of the institution.
Bank accounts in tier 1 banks
Funds, whether they are classified as company funds of client funds, are kept in Emirates National Bank Dubai (ENBD) , ADCB Abu Dhabi Commercial Bank and Standard Chartered Bank , three of the safest top-tier banks.
Supervision by a Diligent Authority
The Company follows strictly the rules and regulations of the regulatory authority, in particular, the directives that govern capital adequacy requirements, large exposures and transparency.
Regulated companies are required to submit financial reports to UAE Central Bank on regular basis. The Regulator is diligent and has the right to fine companies and even revoke their licenses for violations.
Automated risk management
JMI Brokers LTD’s automated risk management system is designed to reduce the risk of your trading account being depleted to zero or turning negative.
JMI BROKERS AG, is a Swiss legal Corporation with its registered office in Zug with registration # CHE 334-229-499 and purpose of "Asset and Fund Management"
JMI Brokers LTD is a licensed Financial Services Provider from Vanuatu Financial Services Commission and authorized to carry business on Dealing in Securities under license number 15010
"Securities" means (as from the 2012 amendment) - (a) shares in the share capital of a corporation; or (b) an instrument that creates and acknowledges the indebt - securities that is issued by a corporation or a public office including: (i) debentures; or (ii) debenture stock; or (iii) loan stock; or (iv) bonds; or (v) certifications of deposit; or (c) a right, despite whether or not conferred by warrant, to subscribe for shares or debt securities; or (d) a right under a depositary receipt; or (e) an option to acquire or dispose of any security falling within any other provision of this Act; or (f) a right under a contract for the acquisition or disposal of the relevant securities under which the delivery is to be made at a future date and at a price agreed when the contract is made in accordance with the terms of that contract; or (g) the proceeds of Foreign Exchange; or FOREX (h) the proceeds of precious metals; or (i) the proceeds of commodities.
High Risk Investment Warning: Trading foreign exchange and/or contracts for differences on margin carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss in excess of your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose. Before deciding to trade the products offered by JMI Brokers you should carefully consider your objectives, financial situation, needs and level of experience. You should be aware of all the risks associated with trading on margin. JMI Brokers provides general advice that does not take into account your objectives, financial situation or needs. The content of this Website must not be construed as personal advice. JMI Brokers recommends you seek advice from a separate financial advisor.
All opinions, news, analysis, prices or other information contained on this website are provided as general market commentary and does not constitute investment advice, nor a solicitation or recommendation for you to buy or sell any over-the-counter product or other financial instrument.