JP Markets Review review and tutorials

jp-markets-logo

Detailed JP Markets Review Review 2020: Forex, CFD'S and Crypto Regulated Broker

JP Markets Review has provided us with an overview of the market practices of brokers and genuinely excellent educational materials committed to making you a more professional investor. In accordance with its very favorable trading terms, there are choices either to trade manually or to copy trades from the Copy Accounts, making investment prospects better.

jp-markets-logo

JP Markets Review trading information

Bonus
No
Instruments
Forex, Metals Indices, Futures and Shares based on CFDs
Demo Account
Yes
Min. Deposit
N/A
Min. Trade
N/A
Regulated By
FSB
MT4 Integration
Yes
Mobile Apps
Yes
Auto Trading
Yes
Trade Signals
Yes
Islamic Account
No
jp-markets-logo

Forex

GBPUSD Spread
N/A
EURUSD Spread
N/A
EURGBP Spread
N/A
Assets
N/A

CFD

FTSE Spread
N/A
GBPUSD Spread
N/A
Oil Spread
N/A
Stocks Spread
N/A

Cryptocurrency

Spread
N/A
Coins
N/A

Official JP Markets Review Registration

What is JP Markets?

JP Markets is a South African Forex broker who has initially started operations in 2016 on the basis of a broad understanding of international financial markets. The main JP Markets offering strives for the ability to engage in long-term relationships and trading capacity, which inspires local and global traders to engage in successful trading.

This is achieved in a variety of ways, including investing in education traders, which JP Markets provides understanding that a good trader is a knowledgeable trader.

Who Owns JP Markets?

While JP Markets’ main operations are based in many countries across Africa, its main base is still South Africa and the business behind it is also headquartered there. As an African center of Forex trading, the broker’s proposal continues to expand above and beyond. So further in our analysis of JP Markets, we should see its offering in depth and decide whether or not it is a strong broker.

ProsCons
Founded in South Africa and is a recognized African brokerNo 24/7 support
Global industry awardsSpread conditions are not clear
Tight low spreadsThere are some negative responses from traders
ECN trading optionSome traders had negative experience with withdrawals
Regulated by the FSP in South Africa

10 Points Summary

HeadquartersSouth Africa
Regulation and LicenseFSB
PlatformsMT4
InstrumentsForex, Metals Indices, Futures and Shares based on CFDs
CostsSpread only from 0.7 pips or commission ECN account with 10$ per lot
Demo AccountAvailable
Minimum deposit0$
Base currenciesUSD
EducationVideo, Analysis, Webinars
Customer Support24/5

Awards

Along with its diverse acknowledgement of trading as one of the leading brokers in South Africa, and by the many traders they attract, there are countless industry incentives that recognize both trading technology, service and brokering terms and conditions.

Is JP Markets secure or is it a scam?

JP Markets, as an incorporated company within South Africa, is also a fully licensed broker by the Financial Services Board, known as the FSB. As a result, the JP Markets trading offering is successfully approved as an international financial service that also complies with safety measures and offers clear terms and conditions to clients.

ProsCons
Licensed and regulated by FSBNot listed in stock exchange
Segregated fundsSuspended license by FSB
Authorized and regulated in South Africa
Professional Indemnity insurance
Negative balance protection

How are the South Africans protected?

South Africa is seeing substantial growth in the Forex sector, as more and more companies are opening up their branches or organizations under its jurisdiction. However, JP Markets has a long background in its incorporation while conducting trading operations committed to providing the best possible trading opportunity.

Simply put, FSB-licensed and governed regulatory requirements, subject to a qualifying requirement on how the broker works, meet trading conditions as well as upholding a range of other safety standards related to money management and market integration. There is also negative balance defense, segregation of traders assets, security at the highest level, and all this is followed by the protection of the clients’ interests.

Is the license belonging to JP Markets suspended?

Nonetheless, there are some news reports about JP Markets’ suspended license. In fact, the broker has been licensed by FSB, but in 2019 the regulator suspended the license without prior warning on the grounds of suspected infringements against clients. But it was a mistake, because the broker no longer runs the domain address accused of infringement, so the JP Market record remains clear.

Leverage

As JP Markets is a South African broker, local regulations still require high leverage ratios to be made available to retailers. Finally, this is one of the reasons why South Africa brokers and JP Markets, respectively, are gaining more attention and rising more.

The maximum rate offered by JP Markets is

  • 1:500 which is primarily given to pros,
  • Retail traders can have acess to ratios such as 1:100 or 1:200.

However, the leverage and risk rates offered often differ according to the instrument requirements and each asset in which you trade, so be sure to test the trading conditions as well.

Accounts

In addition to its many enticing advantages of the offering of JP Markets, it is one of the few brokers to recommend interest on trading accounts that might be subject to a qualifying minimum balance.

ProsCons
Standard and ECN AccountsNone
Copy trading account
Demo account
Zero minimum deposit
Interest on trading account balance

Types of Account

As for the trading account being an essential part of our JP Markets Analysis, we see two forms of accounts that are either based on STP execution with spread-only costs or ECN with raw spread and commission charges.

You can also open a Copy Trading account, either Copy Trader or Copy Master, which may require additional authorization settings so that you can trade seamlessly.

What’s the JP Markets Fee?

The key point is to see the billing terms and what exactly are the prices that you will have to pay for the trading service. Flexible terms are provided by JP Markets, including some desirable incentives.

ProsCons
Options between standard fees based on spread and ECN account with a commissionSpread conditions are not very clear
Availability to trade through deep liquidity
Low cryptocurrency and commodity fees

Our Find on Forex Fees

JP Markets Spreads are volatile and dependent on market conditions, which are also very competitive spreads within the business offering, on average EUR/USD is around 2 pipes for STP account. As we have already mentioned, the ECN account will include a commission of $10 per lot, which is a better option for professionals, yet available to everyone as per reference.

However, there is no clear information on the distribution conditions given on the website, so we did not see any clear statistics on their distribution.

Comparison between JP Markets fees and similar brokers

Asset/PairJP Markets FeesFXTM FeesAvaTrade Fees
EUR USD1.7 pips1.5 pips1.3 pips
Crude Oil WTI5 pips9 pips3 pips
Gold26940
BTC USD26200.75%
Inactivity feeYesYesYes
Deposit feeNoNoNo
Fee rankingAverageAverageLow

Trading Instruments

JP Markets aims to offer trading conditions to foreign traders through its creative trading advantages and access to CFD-based Forex, Metal Indices, Futures and Shares.

Does JP Markets allow Capitec Bank?

Indeed, when it comes to Capitec Bank, JP markets are recommended as the leading local brokerage firm for Forex, Bitcoin and Metal traders.

How is JP Markets operating?

JP Markets operates on a STP basis, which means that it provides traders with its trading platform and links the orders to the market through quotes obtained from its liquidity providers.

How can I deposit funds to JP Markets?

The final point of the JP Markets Analysis are the methods of financing that will enable you to put money to your trading account.

ProsCons
No minimum depositWithdrawals may take quite some time
Great selection of deposit options supported including Bitcoin and e-wallets
Free of charge deposit and withdrawals

Options for Deposit

JP Markets differs from many brokers because the broker is also authorized and licensed to accept local deposits from clients. There are large deposit options, like the following, so there is no hassle to finance your trading account.

  • Bank accounts with Absa, FNB, Standard Bank and Nedbank
  • Several payment gateways like Skrill, Bitcoin is also approved

Finally, JP Markets issue and make available, upon request, their own JPM Card operated as MasterCard connected to your trading account, so that you can seamlessly take advantage of all the benefits of Debit Card.

Minimum Deposit

JP Markets does not have a strict minimum deposit, so you can invest an appropriate amount, which is great on all sides. However, JP Markets suggests beginning with around R3,000, which is around $200, as well as endorsing high-quality curriculum and educational materials that are recommended for beginners.

In addition, clients of JP markets enjoy complimentary access to some of the best Forex training and mentoring services free of charge.

Withdrawals

JP Markets does not discuss fees for deposits or withdrawals, however, your bank or payment provider may waive those fees as a result of foreign policies, so you need to consult with the provider about its fees.

How long does it take to withdraw money from JP Markets?

Although the broker mentions that withdrawals are smooth and should take 1-2 business days, there is some evidence from clients that withdrawals that take longer or that investors have had adverse experience with JP markets in this regard. So consult with support carefully before you sign.

Platforms for Trading

JP Markets has pioneered the MT4 platform offering and standard trading execution with No Requotes, No Rejections and versatile terms of trade. The MetaTrader4 platform is today the industry standard known for its revolutionary and versatile trading features that are ideal for individual investors to buy and sell currencies, as well as professionals.

ProsCons
Customer-friendly designNo proprietary platform
Popular MT4 platform
Good range of tools
Clear look

Web Trading

The JP Markets MT4 platform facilitates Online Trading of Futures, Indices, Stock and other CFD trades, along with advanced charting software, technical analysis tools and automated trading. Of course, the platform is available in a few versions so that you can access trading from any device, including smartphones.

Mobile Platforms

Nevertheless, JP Market also provides the patented JPM Mobile App, which is a super-comfortable app that helps you to take control of your company at any time.

Desktop Platform

In addition to trading markets on a manual or automated basis, you can also engage in Social Trading with Copy Trader or Copy Master accounts that can be accessed via the Desktop Platform. This ensures that you can copy master accounts and benefit from trading without any information or interference by a simple copy of orders. Or to obtain greater access to the markets and to the management of larger capitals become a Master Trader.

How to place your order?

Customer Support

As far as Customer Support is concerned, JP Markets shall develop customer support services with the goal of providing traders with relative answers and quality answers. You can contact the team within working hours via Live Chat, but there are several messages from the customer that have not been answered or were found misleading.

ProsCons
International languages supportedNo 24/7 service
Live chat and emails

Education

JP Markets has managed to maintain consistency in its record and trading service by offering expert advice through dedicated online trading courses and a massive amount of educational materials. Also provided are research materials, videos, online courses, fundamental analysis, news feeds and, of course, all the great research available from MetaTrader.

ProsCons
Learning materials availableNone
Webinars, seminars and online courses
Daily market outlook
Research tools
Trading ideas

Final Word

The JP Markets Review has provided us with an overview of the market practices of brokers and genuinely excellent educational materials committed to making you a more professional investor. In accordance with its very favorable trading terms, there are choices either to trade manually or to copy trades from the Copy Accounts, making investment prospects better.

Besides and taking into account that JP Markets is a well-known brokerage is South Africa and is recognized by international traders makes our outlook optimistic towards JP Markets. In addition, the broker continues to develop, extend and enhance trading opportunities, which is another advantage for long-term investment.

Nevertheless, we also found some negative reactions and interactions with the broker, which may at any stage be misleading about the professionalism of brokers. We therefore advise investors to carry out a thorough review of JP Markets before they open an account.

jp-markets-logo

CLAIM OWNERSHIP

If you are the owner of this platform you can manage this account. First you need to claim the ownership of the platform.

jp-markets-logo
Authorized brokers
Vantage FX broker review
Visit VantageFX
BinaryCent Binary Option Broker Review
Visit BinaryCent
IQ Option Forex Broker Review
Visit IQ Option
Capital.com Broker Review
Visit Capital.com
UFX broker review
Visit UFX
Fusion Markets Broker Review
Visit Fusion Markets
eToro Broker Review
Visit eToro
EuropeFX Review Forex & Crypto Broker Review 2020
Visit EuropeFX
Tradeo Global
Visit Tradeo Global
EuropeStocks
Visit EuropeStocks