JP Markets Review
What are JP Markets?
JP Markets, a South African Forex broker was founded in 2016 on a solid foundation of knowledge about international financial markets. The main JP Markets offering aims to build long-lasting relationships with traders and to provide trading capabilities that encourages both local and international traders to achieve profitable trading.
This can be done in many ways. JP Markets offers knowledge about traders to help you know that a skilled trader is a successful trader.
Who owns JP Markets
Although JP Markets main operations are located in several African countries, the main base of JP Markets is actually South Africa. The company that backs it is also located there. Despite being an African hub for Forex trading, the broker's offer continues to grow. We will examine its offerings in detail in our JP Markets review and decide if it is a good broker.
Broker: JP Markets
Minimum deposit: -
Leverage: 1:200
Regulator: FSB
Year: 2016
Platforms: MT4, JPMApp
HQ: South Africa
JP Markets Licences:
JP Markets SA, (PTY) Ltd - Authorized by FSB (South Africa) registration number. 46855
Overview
JP Markets account opening is simple and smooth. It's easy to accept quality trading conditions, copy trading, and education materials.
There are cons, however. We also found negative experiences and responses with the broker, which could lead to misinformation about the broker's professionalism. We recommend that investors do extensive research before opening an account at JP Markets.
Pros
FSB regulated
No payment fees
WhatsApp support
MT4 trading platform
Welcome deposit bonus
Cons
Scalping & hedging unavailable
No MetaTrader 5 download
Some customer complaints
No automated trading
Rating of the company overall
Reliability ⭐⭐⭐⭐⭐
Platform ⭐⭐⭐⭐
Commissions ⭐⭐⭐⭐
Support ⭐⭐⭐⭐⭐
Financial instruments ⭐⭐⭐⭐
RATING: 4.6
Awards
Along with being recognized as one the most prominent brokers in South Africaalso by numerous traders they meet, there are many industry rewards that recognize trading technology, service, and conditions broker offers.
Is JP Markets a safe investment or a fraud?
JP Markets isn't a fraud. JP Markets, a South African incorporated company, is also a fully licensed broker by the Financial Services Board, FSB. JP Markets is an international financial service, which is compliant with safety and provides clients with transparency and low risk.
What are the South Africans protected from?
As more businesses open branches or entities within its jurisdiction, South Africa will eventually see a significant increase in Forex trading. JP Markets has a solid background in incorporationwhile still maintaining trading operations that offer the best trading opportunities.
Simply put, Licensed and Regulated by FSB regulatory requirements subject to a qualifying Standard on how the broker operates serves trade conditions as well as maintaining a number other safety rules specific towards money management or market integration. There is also negative balance protection and traders funds segregation. All this is accompanied by the protection for clients' interests.
Is JP Markets' license currently suspended?
There are rumors about JP Markets' suspended license. It is true that the broker was licensed in the FSB, but the 2019 regulator suspended the license of the broker without any prior notice because of alleged violations towards clients. It was an error, however, as the broker no longer operates the domain address in question. Therefore, JP Market records remain clear.
Leverage
JP Markets is South Africa's broker. This means that even retail traders can still enjoy high leverage ratios due to local regulations. This is why South Africa brokers and JP Markets are growing in popularity.
JP Markets offers a maximum ratio of 1.
1 to 500 is offered primarily for professionals.
Retail traders may access ratios like 1:100 or 1:200
However, offered leverage and risk levels can vary depending on the instrument specifications and each particular asset you trade. So make sure to check trading conditions.
Types of accounts
JP Markets Review has two types of account. One is based on STP execution, which includes spread costs. The other is an ECN account with raw spread and commission fees. You can also open an account to copy trade. Copy Trader and Copy Master may need additional authorization settings in order to trade seamlessly.
JP Markets offers interest on trading accounts . This might be subjected to a qualifying balance.
What are JP Markets fees?
JP market costs that you will have to pay for trading services offer flexible conditions with pricing Options with standard fees based upon spread and ECN account with an commission. There are also attractive options like the ability to trade with deep liquidity, low Cryptocurrency or commodity fees.
Spreads
JP Markets Spreads can vary and are based on market conditions. The spreads for EUR/USD are about 2 pips on an STP account. The ECN account will have a $10 commission per lot. This is an option that professionals prefer, but it will still be available to all.
We couldn't find any statistics regarding its spread because there aren't any clear details on spread conditions.
Compare fees with HotForex.
Trade Instruments
JP Markets is committed to providing international traders with trading conditions through its innovative trading features and access to trade Forex and Metals Indicces Futures and Shares.
Is Capitec Bank allowed by JP Markets?
Yes, JP Markets is recommended by Capitec Bank, a top local brokerage firm for Forex and Bitcoin traders.
What is the working principle of JP Markets?
JP Markets operates on an STP basis, meaning that it offers traders its trading platform and connects your orders to the market via quotes from its liquidity providers.
How do I deposit funds into JP Markets
JP markets Review's last point is about funding methods. These will allow you send money into your trading account.
Options for Deposit
JP Markets is different from other brokers in that it is licensed and authorized to accept local deposits. You have many deposit options, including the ones listed below. Funding your trading account is easy and straightforward.
Bank accounts with Absa and FNB, Standard Bank, Nedbank, Standard Bank, Nedbank
Multiple payment gateways such as Skrill accept Bitcoin.
JP markets also issued and made it available to customers upon request. The JPM Card is operated as MasterCardconnected with your trading account. This allows you to seamlessly access all the benefits of a Debit Card.
Minimum deposit
JP Markets doesn't have a minimum deposit. You can invest any amount that you like, which is great for all parties. JP Markets recommends that traders start with R3,000. This is approximately $200. They also offer great support with education and training materials.
JP Markets Minimum Deposit vs Other Brokers
Withdrawals
JP Markets doesn't charge for withdrawals. However, some international policies may mean that certain fees are waived by banks or payment providers for JP Markets withdrawal.
Trade Platforms
JP Markets was the first to offer the MT4 platform. It offers high-quality trading execution with no requotes, no rejections and flexible trading conditions. MetaTrader4 is the industry standard for its powerful and innovative trading capabilities, which are suitable for both professional and retail investors.
Web Trading
JP Markets MT4 platform allows Web Trading of Futures and Equities as well as other CFD transactions. It also includes advanced charting features and technical analysis tools. The platform can be accessed from any device, including smartphones.
Mobile Platform
JP Market also offers its own application JPM mobile app, which is super-comfortable and allows you to have complete control over your trading.
Desktop Platform
You can trade the markets manually or automatically, but you also have the option to engage in social trading with Copy Trader or copy master accounts via Desktop Platform. This means you can copy master accounts and make money from trading without interruption by simply copying orders. To gain more exposure to the markets, and manage larger capitals, you can become a Master Trader.
How do I place an order?
Support for Customers
JP Markets established a Customer Support service to help traders find relative and high quality answers. Live Chat is available for all clients. However, there have been some comments from clients that were not answered or found misleading.
Education
JP Markets actually managed to keep consistency in its recordand trading services by offering expert advice through specialized online trading courses and a large amount of education materials. You can also access research materials, videos and online courses as well as news feeds, as well the amazing research available through MetaTrader.
Conclusion
Overall, JP Markets trading is excellent with education materials,quite competive trading conditions. There are two options to trade manually, or you can copy trades from Copy Accounts. JP Markets, a well-known brokerage in South Africa, is also worth considering. This makes our vote positive for JP Markets. The broker's ability to grow, expand, and make trading opportunities even more attractive is another advantage for long-term investments.