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

What is JP Markets?

JP Markets is a South African Forex broker that initially started its operation since 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 based throughout several countries across Africa its main base is indeed South Africa and the company that stands behind it 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.

ProsCons
Founded in South Africa and is 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

JP Markets website

10 Points Summary
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


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 a scam?

JP Markets as an incorporated firm within South Africa also is a fully approved broker by the Financial Services Board is known as FSB. Therefore, JP Markets trading offering is successfully authorized as an international financial service that is also compliant with safety measures and providing clients with transparent conditions.

ProsCons
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 the significant growth of the Forex industry while more and more firms opening its 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 around 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 violation towards clients. However, it was a mistake since the broker does not operate any longer the domain address that was accused in violation, therefore JP Market record remains clear.

Leverage

Since JP Markets is a South Africa 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.

The maximum ratio offered by JP Markets is

  • 1:500 which is mainly offered for 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.

Accounts

In addition to its numerous attractive benefits of 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

Account types

As for the trading account as an important part of our 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.

JP Markets accounts

What are JP Markets Fees?

Another crucial point is to see fee terms and what exactly the costs which you will need to pay for trading service. There are flexible conditions offered by JP Markets where also some of the attractive opportunities included too.

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 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 commission $10 per lot, which is a better option for professionals, yet available for all as per reference.

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

Also, compare fees to another popular broker Valbury Capital.

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 strives to bring trading conditions to international traders throughout its innovative trading benefits and access to trade Forex, Metals Indices, Futures and Shares based on CFDs.

Does JP Markets allow Capitec Bank?

Yes, JP markets is 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 connecting your orders to the market through quotes received from its liquidity providers.

How to Deposit funds to JP Markets?

The last point within JP markets Review is funding methods that will allow you to send money into 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

Deposit Options

JP Markets differs 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 fund 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 Debit Card.

Minimum deposit

JP Markets does not have a strict minimum deposit, so you may invest a suitable amount, which is great from all of the 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.

Moreover, clients of JP markets enjoy complimentary access to some of the best Forex training and mentorship at no charge.

JP Markets deposits

Withdrawals

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

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

While the broker mentions that withdrawals are seamless and will take 1-2 business days, also according to its regulation, there are some evidence from the clients that withdrawals may take longer or investors had a negative experience with JP markets in this regard. So check it carefully with support before you sign.

Trading Platforms

JP Markets pioneered the offering by 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.

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

Web Trading

JP Markets MT4 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 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.

How to place order?

JP Markets spread


Customer Support

In terms of the Customer Support JP Markets establish customer support service with a 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.

ProsCons
International languages supportedNo 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 education materials. Also provide with research materials, videos, online courses, fundamental analysis, news feeds and of course you can use all the great research from MetaTrader available.

ProsCons
Learning materials availableNone
Webinars, Seminars and Online Courses
Daily Market Outlook
Research tools
Trading ideas

JP Markets education

Conclusion

Overall, JP Markets Review brought us an understanding of brokers’ trading conditions and truly great education materials dedicated to make you a more knowledgeable trader. Together with its quite competitive trading conditions, there are options either to trade manually or to copy trades from the Copy Accounts, making investment opportunities better.

Besides and 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.

Nevertheless, we found some negative responses and experiences with the broker as well, which could be at some point misleading about brokers professionalism. So we advise investors to do their comprehensive checking before open account with JP Markets.

Let us know your personal opinion about JP Markets, do not hesitate to share your thoughts or ask us for additional information if necessary in the comment area below.

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

  10. 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.

  11. 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.

Leave a Reply

Your email address will not be published. Required fields are marked *

* code