SALAMINV

SALAMINV, operating under the brand Al Salam Investments, is a forex and CFD broker registered in Jordan. The company was founded on 14 December 2020, according to official records, though its website claims a history dating back to 2005. The broker is based at 34 Haroun Al Rasheed St., Al Hussein Youth City, Amman, Jordan. It primarily targets retail traders seeking access to global financial markets through leveraged products.

Despite claims on its website of regulation by the Jordan Securities Commission (JSC), FXCanary's independent verification found no regulatory licence on file for this entity in any jurisdiction. The JSC is a legitimate regulatory body, but the broker does not provide a licence number or other verifiable proof of authorisation. This discrepancy raises a red flag, as unregulated brokers lack the oversight and investor protection mechanisms afforded by regulated entities.

SALAMINV offers four live account types: PRO (minimum deposit $50), PRIME ($3,000), EXECUTIVE ($20,000), and CASH ($50,000). Leverage ranges vary by account and instrument. For forex and precious metals, the maximum leverage is 1:100 on PRO, PRIME, and EXECUTIVE, while the CASH account offers no leverage (1:1).

For indices, commodities, and futures, leverage up to 1:400 is available on all accounts except CASH. Shares CFDs are limited to 1:4 leverage. A demo account is also available.

Trading is conducted via the MetaTrader 5 (MT5) platform, available on desktop, web, and mobile devices. The broker offers forex, commodities (including precious metals), stock indices, and share CFDs. The website also references an 'Amman Exchange' portal, suggesting a separate platform for local equities trading. This dual-platform setup indicates the broker may cater to both CFD and traditional stock traders.

SALAMINV claims instant deposits and quick withdrawals, but specific payment methods are not detailed on the website. No information on withdrawal fees or processing times is publicly available. Given the lack of regulated oversight, clients have limited recourse in case of issues with fund withdrawals.

The broker lists a physical address in Amman, Jordan, and provides phone numbers and an email address (support@salaminv.com). Support is advertised as bilingual and available 24/5 (Sunday to Thursday, 9:00 AM to 5:00 PM local time). The website offers free educational resources and charting packages, but the depth and quality are not assessed.

SALAMINV appears to target both beginner and experienced traders, offering multiple account tiers with varying minimum deposits. The low $50 entry point of the PRO account makes it accessible to retail traders, while the high-tier CASH account may attract high-net-worth individuals. However, the unregulated status and leverage caps (e.g., 1:1 on CASH) suggest the broker may be positioning itself as a conservative option for certain clients.