1. What is JP Markets?
  2. JP Markets Pros and Cons
  3. Awards
  4. Is JP Markets safe or a scam?
  5. Leverage
  6. Accounts
  7. Trading Fees
  8. Spreads
  9. Market Instruments
  10. Deposits and Withdrawals
  11. Trading Platform
  12. Customer Support
  13. Education
  14. Conclusion

Our Review Method

  • 55Brokers Financial Experts with over 10 years experience in Forex Trading check trading offering, fees, platforms, verified regulations, contacted customer service and placed traders to see trading conditions and give expert opinion about JP Markets

What is JP Markets?

JP Markets is a South African Forex broker that initially started its operation in 2016 with a base on an extensive understanding of international financial markets. The main JP Markets offering strives for the ability to engage in long-lasting relationships and trading capability, which inspires local and global traders to fruitful trading.

This is done in numerous ways, including investment into traders’ knowledge, which JP Markets provides knowing that a successful trader is a knowledgeable trader.

Who is the owner of JP Markets?

While main JP Markets operations are based throughout several countries across Africa its main base is indeed South Africa and the company that stands behind it is located there as well. As an African hub of Forex trading, yet broker’s proposal continuously grows beyond and further. So further in our JP Markets review, we will see its offering in detail and consider whether it is a good broker or not.

JP Markets Pros and Cons

JP markets account opening is easy and smooth, good to admit quality trading conditions and copy trading, also education materials. The broker is highly reliable with suitable conditions for both beginners and experienced traders.

Nevertheless, there are some cons too, we found some negative responses and experiences with the broker as well, which could be at some point misleading about the broker’s professionalism. So we advise investors to do their comprehensive checking before opening an account with JP Markets.

AdvantagesDisadvantages
Founded in South Africa and is recognized African broker No 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

JP Markets - official website

JP Markets Review Summary in 10 Points
HeadquartersSouth Africa
Regulation and LicenseFSB
PlatformsMT4
📉 InstrumentsForex, Metals Indices, Futures and Shares based on CFDs
💰 Costs1.7 pips
🎮 Demo AccountAvailable
💳 Minimum deposit0$
💰 Base currenciesUSD
📚 EducationVideo, Analysis, Webinars
☎ Customer Support24/5

Overall JP Markets Ranking

JP Markets stands out as an industry leader in providing reliable, high-quality trading services. Their favorable conditions make them the perfect broker for both beginners and advanced traders alike.

  • JP Markets Overall Ranking is 8.1 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.
RankingJP MarketsFxProPepperstone
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
AdvantageLow FeesSpreasPlatforms

JP Markets Alternative Brokers

However, JP Markets instrument offering is mainly limited to Forex and CFDs, also  the spreads offered by the brokers are higher and there’s no alternative platforms. Even though, conditions and education are really favorable it is good to consider other brokers too, see our selection of Alternative Brokers below:


Awards

Together with its dynamic trading recognition as one of the leading brokers in South Africa also through numerous traders they gather, there are countless industry rewards that recognize both trading technology, service and conditions broker offers.JP Markets awards

Is JP Markets safe or scam?

No, JP Markets is not a scam, is an incorporated firm within South Africa also is a fully approved broker by the Financial Services Board is known as FSB. Therefore, JP Market’s trading offering is successfully authorized as an international financial service that is also compliant with safety measures and provides clients with transparent conditions and low risks.

Is JP Markets regulated?

Yes, JP Markets is licensed and regulated by the Financial Services Board, South Africa. The license number is FSP 46855.

See our conclusion on JP Markets Reliability:

  • Our Ranked JP Markets Trust Score is 8 out 0f 10 JP Markets has solidified its good reputation over the years through reliable top-tier license and serving regulated entity in South Africa.
JP Markets Strong PointsJP Markets Weak Points
Licensed and Regulated by FSPNot listed in Stock Exchange
Segregated fundsSuspended license by FSB
Authorized and regulated in South Africa
Professional Indemnity insurance
Negative Balance Protection

How South Africans are protected?

Eventually, South Africa shows significant growth in the Forex industry while more and more firms open their branches or entities under its jurisdiction. JP Markets, however, stands on a strong background of its incorporation while maintaining trading operations dedicated to offering the best possible trading opportunity.

In simple words, Licensed and Regulated by FSB regulatory obligations subject to a qualifying standard on how the broker operates serves trading conditions as well as maintains a number of other safety rules specifically towards money management and market integration. Thus, there is negative balance protection, traders funds segregation, the security of the highest level while all accompanied by the protection of the clients’ interests.

JP Markets license

Is JP Markets license suspended?

However, there are some gossip stories about JP Markets’ suspended license. Actually, it is the case as the broker was licensed by FSB but in 2019 regulator suspend a license without prior notice due to alleged violations toward clients. However, it was a mistake since the broker does not operate longer the domain address that was accused of a violation, therefore JP Market record remains clear.

Leverage

Since JP Markets is a South African broker, the local regulations still allow high leverage ratios available even for retail traders. Eventually, this is one of the reasons South Africa brokers, and JP Markets respectively, gaining more popularity and growing further.

JP Markets Leverage level depends on the asset you are trading as well as the account type:

  • 1:500 which is mainly offered to professionals,
  • Retail traders may access ratios like 1:100 or 1:200

Nevertheless offered leverage and risk levels also vary according to the instrument specifications and each asset in particular you trade, so make sure to verify trading conditions as well.

Account types

At JP Markets Review we discover two account types that are based either on STP execution with costs included into spread only, or ECN account with raw spread and commission charges. Also, you can open an account for Copy Trading either Copy Trader or Copy Master may require additional authorization settings so that you will trade seamlessly.

In addition JP Markets offering, it is one of the rare brokers that proposes interest on trading accounts, which 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

JP Markets accounts

Trading Instruments

JP Markets Instruments’ range offers trading conditions to international traders through its innovative trading benefits and access to trade Forex, Metals Indices, Futures, and Shares based on CFDs.

  • JP Markets Range Score is 8 out 0f 10 for wide trading instrument selection, yet the only gap it offers mainly CFDs and Forex Instruments

Does JP Markets allow Capitec Bank?

Yes, JP markets are even recommended for Capitec Bank as a leading local brokerage firm for Forex, Bitcoin, and Metal traders.

How does JP Markets work?

JP Markets operate on an STP basis meaning it provides traders with its trading platform and connects your orders to the market through quotes received from its liquidity providers.

JP Markets Fees

JP markets fees which you will need to pay for trading service offers flexible conditions with pricing Options between standard fees based on spread and ECN account with a commission. Also, there are some attractive opportunities included too like Availability to trade through deep liquidity and Low Cryptocurrency and Commodity fees.

  • JP Markets Fees are ranked low with overall rating 8.4 out of 10 based on our testing and compared to over 500 other brokers. Fees might be different based on entity offering, see our finds of fees and pricing in the table below
FeesJP Markets FeesFXTM FeesAvaTrade Fees
Deposit feeNoNoNo
Withdrawal FeeNoNoNo
Inactivity feeYesYesYes
Fee rankingAverageAverageLow

Spreads

JP Markets Spreads are variable and based on market conditions, which are also quite competitive spreads within the market offering, on average EUR/USD is about 2 pips for STP account. As we already mentioned, the ECN account will feature a commission of $10 per lot, which is a better option for professionals, yet available for all as per reference.

However, there is no clear information about spread conditions provided through the website, so we couldn’t see clear statistics on its spread.

  • JP Markets Spreads are ranked low with overall rating 7 out of 10 based on our testing comparison to other brokers. We found Forex spread much higher than the industry average of 1.2 pips for EURUSD
Asset/ PairJP Markets SpreadFXTM SpreadAvaTrade Spread
EUR USD Spread1.7 pips1.5 pips1.3 pips
Crude Oil WTI Spread5 pips9 pips3 pips
Gold Spread26940
BTC USD Spread26200.75%

JP Markets Funding Methods

JP Markets Funding Methods differ from many brokers because the broker is authorized and licensed to accept local deposits from clients as well. There are vast deposit options including the following ones so there is no complication to funding your trading account.

  • Bank accounts with Absa, FNB, Standard Bank and Nedbank,
  • as well as multiple payment gateways like Skrill also accepting Bitcoin

Lastly, JP markets issue and made it available upon request its own JPM Card operated as MasterCard connected to your trading account, so you may seamlessly use all the benefits of a Debit Card.

  • JP Markets Funding Methods we ranked Excellent with overall rating 8 out of 10. Fees are either none or very small also allowing to benefit from various account-based currencies, also the broker doesn’t have minimum deposit

Here are some good and negative points for JP Markets funding methods found:

JP Markets Strong PointsJP Markets Weak Points
No Minimum deposit Withdrawals may take quite some time
Great selection of deposit options supported including Bitcoin and e-wallets
Free of charge deposit and withdrawals

Minimum deposit

JP Markets does not have a strict minimum deposit, so you may invest a suitable amount, which is great from all of sides. However, JP Markets recommend starting with around R3,000, which is around $200, as well as supports with great training and education materials super recommended for beginning traders.

JP Markets minimum deposit vs other brokers

JP Markets Most Other Brokers
Minimum Deposit $200 $500

Withdrawals

JP Markets does not mention charges for deposits or withdrawals, however bank or payment providers for JP Markets Withdrawal may waive some fees due to international policies, so you better check with the provider for its fees.

JP Markets deposits

Trading Platforms

JP Markets offers the MT4 platform and quality trading execution with No Requotes, No Rejections, and flexible trading conditions. The MetaTrader4 platform is today’s industry standard known for its innovative and powerful trading capabilities suitable either for retail investors to buy and sell currencies, as well as professionals.

  • JP Markets Platform is ranked Excellent with overall rating of 8 out of 10 compared to over 500 other brokers. The broker offers MT4 which is the industry standard, however, the lack of alternative platforms is a drawback since MT4 is a bit outdated.
PlatforomsJP MarketsPepperstoneXM
MT4YesYesYes
MT5NoYesYes
Own PlatformNoYesYes
Mobile AppYesYesYes

Web Trading

JP Markets trading platform supports Web Trading of Futures, Indices, Equities, and other CFD transactions along with advanced charting features, technical analysis tools, and automated trading. Of course, the platform is available in a few versions so you may access trading from any device, including smartphones.

Mobile Platform

However, JP Market offers also its proprietary application JPM Mobile App which is a super comfortable software allowing you to take control over your trading at any time.

JP Markets platform

Desktop Platform

So besides trading markets in a manual or automatic way, you may also engage in Social Trading with Copy Trader or Copy Master accounts accessible via Desktop Platform. This means that you may copy master accounts and profit from trading without any knowledge or interruption just by a simple copy of orders. Or to gain extra exposure to the markets and management of bigger capitals by being a Master Trader.

JP Markets spread


Customer Support

In terms of Customer Support, JP Markets establish customer support service with the purpose to provide traders with relative answers and quality answers. You can contact the team within working hours through Live Chat, yet there are some client comments that did not get response or found it misleading.

  • Customer Support in JP Markets is ranked Excellent with overall rating 7 out of 10 based on our testing. We got some of the fastest and most knowledgeable responses compared to other brokers, however, some clients complaint about misleading response

See our find and Ranking on Customer Service Quality:

ProsCons
International languages supported No 24/7 service
Live Chat and emails


Education

Actually, JP Markets managed to maintain consistency in its record and trading service by providing expert advice through dedicated online trading courses and a huge amount of educational materials. Also provide with research materials, videos, online courses, fundamental analysis, and news feeds, and of course, you can use all the great research from MetaTrader available.

  • JP Markets Education ranked with overall rating 8 out of 10 based on our research. The broker provides very good quality Education Materials, excellent research, and provides free Webinars, Excellent Trading videos and Analysis

JP Markets education

JP Markets Review Conclusion

Overall, JP Markets trading is good with education materials and quite competitive trading conditions, there are options either to trade manually or to copy trades from the Copy Accounts. Besides taking into consideration JP Markets is a quite known brokerage is South Africa and is recognized by international traders brand making our votes positive towards JP Markets. In addition, the broker is constantly growing, expanding, and making trading opportunities even better, which is another benefit for a long-term investment.

Based on our research, JP Markets is good for:

  • Professional Traders
  • Beginners Traders
  • Share Trading
  • Forex and CFD Trading
  • Traders preferring MT4
  • Floating Spread Trading
  • No Commission Trading
  • Scalping and Hedging
  • Traders from South Africa

No news available.

25 responses to “JP Markets”

  1. Jp markets is freezing the trades, blowing accounts, deposits are not reflecting in our trading accounts, withdrawals are not happening we’ve waited for over a week…no email response, they not picking up our calls, we are stucked. Poor service, we just feel like we got scammed…worst broker!!!!!!

  2. I have used JP markets but they just took my $70 without any proof of a trade executed on it. It looks to me loke this is a behaviour of a scam

  3. I made withdrawals since one week plus now and it has not reflected on my netteller account..
    And I have been emailing them without no response. I even chat with the CEO but he has given me any concrete answer..why do you guys treat your international clients with so much disrespect.??

    • Did you get your money back? Right now they are holding my money for days saying there is a fraudulent activity.. I’m really upset with them.

  4. I made a withdrawal since one week plus now and it has not reflected on my netteller account.
    And I was emailing you them but no response from them.
    They I chat with the CEO but he didn’t give me any concrete answer.
    Yesterday I tried calling them on phone but they didn’t pick up at all.
    Why are you guys (jpmarket) treating international clients with so much disrespect. The date of my withdrawal is 03/03/2020..i advice other traders to desist from this broker..

  5. Jpmakerts scammed me of R127331 lastweek I have a proof I’ve been asking them to send my withdrawals they didn’t

  6. i made withdrawal from JP markets aince 20 March 2020, on the 8 April 2020 they have not paid. Their service to customers is very poor. Also when i deposited my money only halve appeared on my trading account.

  7. I think they are scammers guys few minutes ago i was doing great in my account, really was going to make real money then my account frozed loses were taken without(stop loss) my permission then the account was on loss then it blowed. Don’t know how
    This all happened in the same time in front of my eyes. It really shocked me,now i guess im broke again😪

  8. Stay away from jpmakets. Last week they have blown my account which had 35000b+bonus. This is what happened i had trades running before they introduced their 200% bonus now i was running nas100 buy on jp and avatrade. Jp nas went to the loss while avatrade was in deep profit. I asked them and they said they have introduced new terms and conditions. I asked them how can you introduce new terms into the account that was running trades long time before and they said email were sent. I said were you expecting magic to happen to our accounts when trades are already running they could answer they ended up blocking me on the Instagram DM. I need to report them to FSCA because this guys are fraudsters

    • SAME STORY TO MY ACCOUNT CAN U PLEASE HELP. HOW TO REPORT ON FSCA I WANT TO REPORT THEM TOO COZ THEY ARE PLAYING WITH US

  9. jp market is the useless broker in the word…. they give us a useless bonus.. #tag big scam in the world

  10. I lost 130000.00 rands with them they are scammers my account went frozen while running trades I couldn’t close trades

  11. I don’t think FSCA is serious when it comes to its job. So many cases are reported but still jp market is operating, scamming people as usual etc. I think it’s better you gather serious evidence and expose them to the public.

  12. JP market blew my account by increasing usdzar spread to 9800. They need to be reported let us spread the message via papers,fsca,Facebook,etc.

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