In this guide

  • Our verdict
  • Your reviews
  • Ask a question
Finder makes money from featured partners, but editorial opinions are our own.

Jaaims review: Trade using artificial intelligence

  • Avatar
Jaaims

Our verdict

Automate your global stock trades with an artificial intelligence algorithm, along with technical and fundamental analysis.

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.

Whether it actually works is another story. User reviews are mixed and tend towards the negative at this stage. Whether Jaaims will be profitable for you likely depends on how the market is performing at the time you sign up. Still, it's an interesting product that may yet surprise in time.

Pros

  • Automates your trading
  • Unique proposition in the market
  • Combines technical and fundamental analysis
  • Uses artificial intelligence to time trades

Cons

  • You can't trade directly through the app
  • Does not guarantee a successful trade
  • Limited stocks available

In this guide

  • Our verdict
  • Your reviews
  • Ask a question

About Jaaims

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.

What are the key features?

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.

Artificial intelligence

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.

No minimum investment

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.

Get stock news and recommendations

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.

What markets can you trade?

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.

Which brokers can you connect to?

So far there are 2 brokers that may be connected through Jaaims: Saxo Invested and Interactive Brokers

What are the costs and account options?

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.

FreemiumStandardProfessional
Monthly fee$0$85$169
Trade limit$100,000$300,000$600,000
Max stocks255080

How to open a Jaaims account

Jaaims is available as a web application in the Apple and Google Play stores.

To sign up, you'll need to give your:

  • Mobile number.
  • Email address.

You'll be notified by email once your account has been approved, pending anti-money laundering (AML) checks.

This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the product on the provider's website.

Your reviews

No reviews yet. Write a review

Ask a question

Ask a question
Avatar

Kylie Finder

Investments analyst

Hi there, looking for more information? Ask us a question.

Error label

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked
Accept and continue

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our 1. Terms Of Service and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.

Go to site