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Jaaims is a stock trading app that uses artificial intelligence to make automated trading decisions for you. Because Jaaims isn't a broker, it doesn't do any of the physical trading for you. Instead, it sends buy and sell orders based on the stocks you choose to your connected share trading platform.
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Jaaims is an automated mobile trading app that uses artificial intelligence to make trades on your behalf. It registered as a business in 2019 and has an Australian Financial Services Licence.
You select how much money you want Jaaims to trade with and which stocks or ETFs you're wanting to trade, and Jaaims uses technical and fundamental analysis to buy and sell at the best perceived time through your online broker.
Jaaims' strength is its algorithm that combines technical, fundamental and sentiment analysis to make trade recommendations. It does this by gathering financial data, social media cues and news updates on up to 1,000 global stocks and 10 ETFs.
Jaaims' AI algorithm allows you to automate trades on up to 25 stocks at any one time with up to $100,000 in funds for the basic account. Its AI engine runs updates to stock recommendations every 15 minutes and collects financial data directly from each exchange, along with market-moving news from sites including Bloomberg, The New York Times and Reuters, as well as Twitter.
Although Jaaims advises investing at least $5,000, there's technically no minimum amount that you can choose to trade with Jaaims, outside of conditions set by your broker or the exchange you're trading on. Once you've allocated an amount to invest, Jaaims will calculate the optimum time and position size depending on the market.
You get access to news updates and delayed (end of day) stock prices.
Plus you get "buy and sell" stock recommendations from Jaaims that are updated every 15 minutes.
At the moment there are 1,000 stocks that you can trade through Jaaims across 4 different global markets.
These are Australia, Germany, United Kingdom and the United States.
Only large-cap companies are tradeable on Jaaims due to liquidity reasons, so you won't be able to trade penny stocks using the app.
Jaaims says it's planning to continue increasing its number of available companies each quarter.
So far there are 2 brokers that may be connected through Jaaims: Saxo Markets and Interactive Brokers
Jaaims has 3 subscription types: Freemium, Standard and Professional.
Your monthly fees and the number of stocks you can trade at any one time through the app will depend on your subscription. Brokerage fees will be the same as always depending on which broker you trade with.
Freemium | Standard | Professional | |
---|---|---|---|
Monthly fee | $0 | $85 | $169 |
Trade limit | $100,000 | $300,000 | $600,000 |
Max stocks | 25 | 50 | 80 |
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Jaaims is available as a web application in the Apple and Google Play stores.
To sign up, you'll need to give your:
You'll be notified by email once your account has been approved, pending anti-money laundering (AML) checks.