---
title: "Copy Trading with JM Financial: A Step-by-Step Guide · MyAlgoMate"
source: https://myalgomate.com/copy-trading/jm-financial
retrieved: 2026-10-30
publisher: MyAlgoMate (Myalgomate Technologies LLP, Rajkot, India)
---

1. [Home](https://myalgomate.com/)
2. [Copy Trading Software](https://myalgomate.com/products/copy-trading-software)
3. [Supported brokers](https://myalgomate.com/products/copy-trading-software/brokers)
4. JM Financial

// COPY TRADING · JM FINANCIAL

# Copy trading with JM Financial

Place an order once and have it copied into every account you link — between JM Financial accounts, or between JM Financial and any of 152 other Indian brokers. JM Financial can be the master you trade in, or a child that receives the copies, each child sized by its own multiplier.

[Start 7 days free trial](https://myaccount.myalgomate.com/user/account/free-trial/1) [Buy now](https://myaccount.myalgomate.com/1) [Chat on WhatsApp](https://wa.link/g2p74z) 💬 Ask about JM Financial

## Does MyAlgoMate's copy trading work with JM Financial?

Yes. MyAlgoMate's Copy Trading Software connects to JM Financial through Symphony XTS API. A JM Financial account can be the master — the account you trade in — or a child that receives a copy of every order, and it can copy to or from 152 other Indian brokers. XTS access through your Relationship Manager. The software runs on your own Windows PC or cloud server, so your JM Financial logins stay on your machine. MyAlgoMate provides technology only, not investment advice.

## // Key facts

**Connection**

Symphony XTS API

**As master**

XTS access is set up by your JM Financial Relationship Manager — ask them about any API charges.

**As child**

Same as the master: each JM Financial account needs its own XTS access from your Relationship Manager.

**Static IP**

Needed for every JM Financial account. Registered with JM Financial — your Relationship Manager can tell you how.

**Daily login**

Not needed — the software signs JM Financial in for you with your XTS keys.

**You enter**

XTS Client ID, Password (if your broker uses one), Market Data API key and secret, Interactive API key and secret, Base URL and Host Lookup URL and TOTP secret (if your broker requires TOTP)

**MyAlgoMate**

From ₹400 a month per account (+ GST)

**Other brokers**

Copy to or from 152 other Indian brokers

Last updated: 31 October 2026

// HOW IT WORKS

## JM Financial as the master, JM Financial as a child

Copy trading has two roles. The master is the account you trade in; every child gets a copy of each order.

Master

### Trade in JM Financial, copy everywhere

You place orders in your JM Financial account exactly as you do today. The software watches that account and places the same order in each child account — at JM Financial or at any other supported broker.

JM Financial API as master: XTS access is set up by your JM Financial Relationship Manager — ask them about any API charges.

Child

### Copy into JM Financial from anywhere

Your master can be at another broker and this JM Financial account follows it, trading the master's quantity times its own multiplier. Nothing is installed for a child account.

JM Financial API as child: Same as the master: each JM Financial account needs its own XTS access from your Relationship Manager.

### Worth knowing about JM Financial

- On the JM Financial (XTS) screen in the software, turn on Binary Market Data and choose your user type (Dealer or PRO) before you connect.

// BEFORE YOU START

## What you need

- A Windows PC, or a Windows cloud machine you rent, that stays on and connected during market hours.
- A MyAlgoMate Copy Trading subscription covering your master and the child accounts you want copying.
- JM Financial API access for each JM Financial account. XTS access is set up by your JM Financial Relationship Manager — ask them about any API charges. Same as the master: each JM Financial account needs its own XTS access from your Relationship Manager.
- A static IP registered with JM Financial for each JM Financial account — and, for accounts at other brokers, one registered with their broker. No static IP yet? Our [Cloud Server for Algo Trading](https://myalgomate.com/products/cloud-server-for-algo-trading) comes with one, and the free [static IP checker](https://myalgomate.com/tools/static-ip-checker) shows the IP you connect from.

// STEP BY STEP

## Set up copy trading with JM Financial

Six steps, from API keys to the first copied order. No coding at any point.

1. Step 1 ### Get your JM Financial API details 1. Ask your JM Financial Relationship Manager (RM) to map your trading account to the Symphony XTS API.
2. Collect the credentials they send: XTS Client ID (and Password, if used), Market Data API key and secret, Interactive API key and secret, Base URL and Host Lookup URL.
3. If JM Financial requires TOTP, log in to your terminal, open Profile → Register for TOTP and save the TOTP secret.
4. Register the static IP your software will connect from with JM Financial. Do this for every JM Financial account you will use, master and children alike. [The full JM Financial setup, field by field →](https://myalgomate.com/brokers/jm-financial-xts)
2. Step 2 ### Install the software and sign in Install MyAlgoMate's Copy Trading Software on a Windows PC or a Windows cloud machine that stays on during market hours, and sign in with your MyAlgoMate account. Turn on *Set time automatically* in Windows first. [Read this step in the user guide →](https://myalgomate.com/guide/copy-trading-software#install-first-run)
3. Step 3 ### Add JM Financial as your master or as a child On the ACCOUNTS screen press **Add Master** (the account you trade in) or **Add Child** (an account that receives copies). Choose JM Financial, type an A/C Name you will recognise and enter XTS Client ID, Password (if your broker uses one), Market Data API key and secret, Interactive API key and secret, Base URL and Host Lookup URL and TOTP secret (if your broker requires TOTP). If this account connects through its own static IP (a proxy), fill in the account's proxy block too. [Read this step in the user guide →](https://myalgomate.com/guide/copy-trading-software#add-child-account)
4. Step 4 ### Run the broker IP check The check opens by itself when you save the account. It confirms JM Financial accepts orders from this account's IP before the market opens, so you never find out from a rejected order. You can re-run it any time from the account's ⋯ menu. [Read this step in the user guide →](https://myalgomate.com/guide/copy-trading-software#broker-ip-check)
5. Step 5 ### Set each child's multiplier and segments Every child account trades the master's quantity times its own multiplier — whole numbers, fractions or decimals, and a different figure per segment if you want. Untick any segment you don't want copied into that account. [Read this step in the user guide →](https://myalgomate.com/guide/copy-trading-software#per-child-multipliers)
6. Step 6 ### Log in all accounts and start copying Press **Login All**: the master logs in first, then the children. Press **START COPY** and trade as you always do — in JM Financial's own app or terminal, or from your own algo. Each order is copied into every child account the moment it appears. [Read this step in the user guide →](https://myalgomate.com/guide/copy-trading-software#start-copy)

// ANY BROKER

## Copy between JM Financial and other brokers

The master and each child can be at different brokers, in any combination.

[JM Financial ↔ Zerodha Copy JM Financial orders into Zerodha accounts, or the other way round.](https://myalgomate.com/copy-trading/zerodha) [JM Financial ↔ Angel One Copy JM Financial orders into Angel One accounts, or the other way round.](https://myalgomate.com/copy-trading/angel-one) [JM Financial ↔ Upstox Copy JM Financial orders into Upstox accounts, or the other way round.](https://myalgomate.com/copy-trading/upstox) [JM Financial ↔ Dhan Copy JM Financial orders into Dhan accounts, or the other way round.](https://myalgomate.com/copy-trading/dhan) [JM Financial ↔ Groww Copy JM Financial orders into Groww accounts, or the other way round.](https://myalgomate.com/copy-trading/groww) [JM Financial ↔ Fyers Copy JM Financial orders into Fyers accounts, or the other way round.](https://myalgomate.com/copy-trading/fyers)

[All 153 supported brokers →](https://myalgomate.com/products/copy-trading-software/brokers)

// WHAT GETS COPIED

## What reaches your JM Financial child accounts

| You place | Each child gets |
| --- | --- |
| Market order | A limit order, priced from your own Order settings |
| Limit order | A limit order at your price |
| Stop-loss limit (SL) | The same waiting stop-loss order |
| Stop-loss market (SL-M) | The same waiting stop-loss order |
| A change to price or trigger | The same change |
| A cancellation | The matching orders are cancelled |

Equity, F&O and commodity orders across eight segments (NSE, NFO, NCO, MCX, CDS, BSE, BFO, BCD), each switchable per account. Not copied: after-market, bracket and cover orders, quantity changes on a waiting order, and anything your master's broker rejects. [Copy settings in the user guide →](https://myalgomate.com/guide/copy-trading-software#copy-option-settings)

// CONTROLS

## Built for running many accounts at once

[Multiplier per account Size each child on its own — and per segment — with rounding to whole lots decided in advance.](https://myalgomate.com/guide/copy-trading-software#per-child-multipliers) [Rejection handling Decide what one refused child order does: carry on, stop, or retry then stop.](https://myalgomate.com/guide/copy-trading-software#rejection-settings) [Unfilled child orders Move the price a set number of times, or wait, when a child order lags behind.](https://myalgomate.com/guide/copy-trading-software#order-settings) [Auto order slicing Orders above the exchange freeze limit are split into smaller orders automatically.](https://myalgomate.com/guide/copy-trading-software#quantity-settings) [Re-Balance Find any child not holding what the master holds, and place the orders that fix it.](https://myalgomate.com/guide/copy-trading-software#re-balance-screen) [Per-account limits Max Loss and Max Profit per account, plus one-press Exit All.](https://myalgomate.com/guide/copy-trading-software#risk-limits)

// PRICE

## What copy trading with JM Financial costs

- **MyAlgoMate:** from ₹400 a month per account (+ GST), or ₹500 month to month. Every account counts, the master included; a live setup needs at least one master and one child. [See plans](https://myalgomate.com/products/copy-trading-software#pricing)
- **JM Financial API:** XTS access is set up by your JM Financial Relationship Manager — ask them about any API charges. Same as the master: each JM Financial account needs its own XTS access from your Relationship Manager.
- **Brokerage:** JM Financial's own charges on your trades are separate and unchanged.

// FAQ

## Copy trading with JM Financial — questions

Can I do copy trading with JM Financial?

Yes. MyAlgoMate's Copy Trading Software connects to JM Financial through Symphony XTS API. A JM Financial account can be the master — the account you trade in — or a child that receives a copy of every order, and it can copy to or from accounts at any of the other 152 supported brokers.

Do I need a paid JM Financial API for copy trading?

XTS access is set up by your JM Financial Relationship Manager — ask them about any API charges. Same as the master: each JM Financial account needs its own XTS access from your Relationship Manager.

Does every JM Financial account need a static IP?

Yes. Every account that places orders through a broker API — the master and each child — needs a static IP registered with its broker, and orders from an unregistered IP are rejected. At JM Financial: Registered with JM Financial — your Relationship Manager can tell you how. The software lets you give each account its own proxy, so accounts can connect from different static IPs.

Do I have to log in to JM Financial every day?

No. You enter each JM Financial account's details once, and the software logs it in for you. Nobody needs to log in to JM Financial separately.

Can I copy trades from JM Financial to another broker?

Yes. The master and every child can be at different brokers. Place an order in your JM Financial master and it is copied into child accounts at Zerodha, Angel One, Upstox or any other supported broker — or make JM Financial the child of a master held elsewhere.

Can one JM Financial account copy into several other JM Financial accounts?

Yes. Add one JM Financial account as the master and the others as children. Each child is sized by its own multiplier, and each one needs its own JM Financial API access and its own registered static IP.

What JM Financial details does the software need?

XTS Client ID, Password (if your broker uses one), Market Data API key and secret, Interactive API key and secret, Base URL and Host Lookup URL and TOTP secret (if your broker requires TOTP), plus the account's Client ID. You enter them once, and they are stored on your own machine — never on MyAlgoMate's servers.

Can I keep trading in JM Financial's own app while copying?

Yes. The software watches your master account's order book, so an order placed in JM Financial's app, its website or your own algo is copied the same way. If your own algo also signs in with the same JM Financial API key, ask us on WhatsApp before you start — brokers set their own rules on one API key being used by two programs at once.

How fast are orders copied into JM Financial?

The software sends the child orders as soon as the master's order appears. What you actually see also depends on how quickly each broker's API replies and on your internet connection; a cloud machine with a good connection is quicker than a home PC.

How much does copy trading with JM Financial cost?

MyAlgoMate's Copy Trading Software costs from ₹400 a month per account (+ GST), or ₹500 month to month. Every account counts, the master included, and a live setup needs at least one master and one child. JM Financial's own API is separate. XTS access is set up by your JM Financial Relationship Manager — ask them about any API charges. Same as the master: each JM Financial account needs its own XTS access from your Relationship Manager. JM Financial's brokerage on your trades is separate too.

Disclaimer

**MyAlgoMate Technologies LLP has no partnership, agreement, or affiliation with any broker named on this website.** Broker names are shown for information only — to indicate which broker APIs MyAlgoMate is compatible with. All broker names and trademarks belong to their respective owners.

MyAlgoMate is a technology provider. The software places the orders you tell it to place, in the accounts you link to it; it does not advise you on what to trade. JM Financial rules and charges change — details are as of 31 October 2026; check with JM Financial for the latest.

## Start copy trading with JM Financial

Add your JM Financial account as a master or a child and copy your first order — 7 days free trial.

[Start 7 days free trial](https://myaccount.myalgomate.com/user/account/free-trial/1) [WhatsApp us](https://wa.link/g2p74z)

---
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