JM Financial Services regulation & licences
Licences on record 1
2 Tier 2 — strong regulation
Licences are matched from public sources and regulator registers, and entities change over time. A licence held by one company in a group does not cover clients of another. Always confirm on the official register.
Regulatory profile
JM Financial Services is an exchange-traded currency broker founded in 1973 and headquartered in India.
In our database JM Financial Services is matched to 1 licence from SEBI. Its strongest licence comes from the SEBI, which we rate tier 2: credible supervision, but with fewer safeguards than the very strictest regulators.
Depending on the entity, eligible clients may be covered by Exchange Investor Protection Funds (SEBI).
JM Financial Services supports its own proprietary platform. The advertised minimum deposit starts at zero (no minimum) — minimums often vary by account type and entity.
Because JM Financial Services offers exchange-traded currency derivatives rather than OTC forex, your trades are cleared through a recognised exchange clearing house, prices are transparent and there is no broker counterparty on the other side of your trade.
Regulatory strengths
- Holds tier-2 licence (SEBI)
- Operating for about 53 years
- Compensation scheme available at SEBI entity
- Exchange-traded and centrally cleared — no broker counterparty
Points to check
- No specific concerns from our licence data
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JM Financial Services regulation FAQ
Is JM Financial Services regulated?
Yes — in our database JM Financial Services is matched to 1 licence: SEBI (India). Which of these protects you depends on the legal entity you open an account with. Always confirm the licence on the regulator's official register.
Is JM Financial Services a tier-1 regulated broker?
No. None of the licences we have matched to JM Financial Services is from a tier-1 regulator. Its strongest licence is tier 2.
Does JM Financial Services accept US clients?
JM Financial Services is not matched to a CFTC/NFA registration in our database. Only CFTC-registered, NFA-member firms may offer retail forex to US residents, so JM Financial Services generally cannot accept US retail forex clients.
Is my money protected with JM Financial Services?
Clients of JM Financial Services's SEBI-regulated entity may be eligible for statutory compensation (Exchange Investor Protection Funds). Clients of other entities rely on segregation of funds and the firm's financial strength.
What is the minimum deposit at JM Financial Services?
JM Financial Services advertises no fixed minimum deposit on its standard account, although some account types, payment methods or entities may require one.
How can I verify JM Financial Services's licence?
Find the company name and licence number in JM Financial Services's client agreement or website footer, then search it on the regulator's official register (linked from each licence on this page). Confirm that the website domain you use is listed on the register, and check the regulator's warning list for clones.