Reported as a scam / unregulated
Why J&M is on the register
J&M claims to be a trustable firm while presenting neither details about its company office address and regulation, nor legal documents (terms & conditions, risk disclosure, privacy policy, etc.). Lacking such information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. It is a red flag here. Downloading its official MT4 trading platform, we found this broker located in Canada. So we searched in the Investment Industry Regulatory Organization of Canada (IIROC) but found no matching results to J&M. That means J&M is an approved broker in Canada. The truth is that J&M is not overseen by any regulators. Investors’ funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you to the right next step. A free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.