JM Financial — India
Key facts (8)
- Who actually onboards you
- JM Financial Services Ltd
- Licence number
- INZ000195834
- Established
- 1986
- Min deposit, USD
- not stated
- Platforms
- JM Pro app · web/online trading platform
- Local funding
- UPI, net-banking.
- Max leverage
- not stated
- EURUSD
- not priced
This broker against the India middle (52 of 91)
| JM Financial | India median | |
|---|---|---|
| Round turn, USD | not priced | 6.0 USD |
| Min deposit, USD | no data | 30.0 USD |
| Max leverage | no data | 500.0geo |
| Withdrawal, h | no data | 48.0 h |
| EURUSD, standard | not priced | 1.0 pips |
| EURUSD, raw | not priced | 0.0 pips |
| Established | 1986 | 2008.0 |
| Platforms | 2 | 3 |
Accepts residents of India
Yes
Score (3/6 axes)
no data
Shown, not ranked: no review-platform rating
Licence check
Who actually onboards you
JM Financial Services Ltd
Entity not established
JM Financial Services Ltd. (broking arm of JM Financial Group).
Public rating and its base
Round turn against the local middle (52 of 91)
Getting money out
From the entry account upwards
Demat+Trading; full-service percentage plan.
Terminals, markets, instrument counts (2)
JM Pro app · web/online trading platform
Equity, F&O, currency, commodity, mutual funds, IPO, bonds.
What works and what to watch
Pros (1)
- Licensed locally: INZ000195834
Cons (4)
- Withdrawal time not published
- Carries a regulator warning; excluded from beginner and most-established lists
- No public review-platform rating, so the review axis is absent
- Minimum deposit for this country not published
Profits, and what India takes
Exchange-traded currency futures & options profit is generally treated as non-speculative business income and taxed at the individual's income-tax slab rates (as of the review). Intraday speculative positions are speculative business income (losses set off only against speculative income, carry-forward 4 years) vs non-speculative losses carry-forward 8 years. A 20% TCS applies on LRS foreign remit
Where it does not serve
no data
Methodology
2 + 3 × weighted mean of six axes · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%
Verified · what changed · sources (3)
Checked: 2026-07-09
- jmfinancialservices.in domain
- jmfl.com domain
- sebi.gov.in domain
FAQ (3)
Does JM Financial accept residents of India?
Yes.
Which entity onboards a India client of JM Financial?
JM Financial Services Ltd
What licence does JM Financial hold for India?
Licence INZ000195834.