JP Markets is a licensed Forex and CFD broker that is based in South Africa. JPMarkets.co.za offers negative balance protection, powerful trading platforms, state of art security for your money, zero commission fee, fast and reliable deposits and withdrawals, and friendly customer support. JP markets allows a reasonable amount of minimum deposit to start trading with variable spreads and leverages as high as 1:500. JP Markets offers trading in around 30 forex pairs, stock indices, oil, gold and OTHER CFDs on the widely used MetaTrader 4 platform. What’s more,  PAMM services are also available with this broker.

JP Markets

Expert Score:
3.7/5
  • Min. deposit: R500
  • Spread: from 2.4 on EURUSD
  • Max. Leverage: up to 1:500
  • Min. Trade Size: 0.01
  • JP Markets is considered safe, as it is regulated by top-tier financial authorities, like the Financial Service Board FSB , South Africa.
  • We can confirm that JP Market is safe because it is authorized by the following tier-2 regulator: Financial Services Board (FSB), South Africa. FSB is in charge of the licensing process and supervision of forex brokerages like JP Markets in the country. Besides, the South African regulator has enforcement powers to deal with breaches through the enforcement committee, and runs a customer complaints service, the Office of the Ombud for Financial Services Providers.
  • Locally licensed Forex brokers like JP Markets in South Africa are required to keep all client funds in segregated trust accounts in a recognized bank in the country.
  • JP Markets is the trading name of the JP Markets SA (Pty) Ltd., set up in 2016, licensed and regulated by the Financial Services Board (FSB), South Africa, FSP 46855. JP Markets has offices across South Africa major cities. It also has set up in Kenya, Pakistan and Bangladesh.

Financial Regulation

Aforementioned, JP MAarkets is a regulated Forex broker which already makes it safe. There is no question as to the necessity of trading with a regulated broker. This can’t be emphasized enough. A regulatory authority assures the economic strength of Forex brokers like JP Markets and the integrity towards its traders. Without regulation, traders are left without any resource to back up the legality of the broker they are using.

Trust:
3/5

Metatrader 4 Supported

MT4 offers all a trader needs: ease of use, numerous order types, a wide range of technical indicators, extensive back-testing and advanced charting package. The platform is especially valued for its autotrading capacities via Expert Advisors (EA) that allow users to fully automate their trades by and let the program do all the work.

Platform & Tools:
3.5/5

Reasonable Minimum Deposit

The minimum initial deposit, required by JP Markets amounts to R3 500, which is a reasonable amount to start with.

Minimum Deposit:
3.3/5

High Leverages

The maximum leverage on all FX products, offered by JP Markets, is 1:500. Such leverage is considered comparatively high

Leverage:
4.3/5

Average Spreads & Commissions

JP Markets charges no commission fees, yet we find its spreads too wide to be competitive: averaged 2.4 pips on EUR/USD. Although fixed spreads are generally wider than floating ones

Cost of Trading:
3.3/5

Promotions

JP Markets offers a number of different promotions:30% welcome on-deposit bonus granted for period of 60 days; 20% redeposit bonus; Rebate bonuses, happy hour bonuses, and other such-like.

Bonuses:
3.8/5

JP Markets Advantages and Disadvantages

Pros

  • FSB-regulated
  • NDD execution
  • MT4 available
  • Bonuses available

Cons

  • High spreads
  • Scalping, hedging and EAs not allowed
  • No choice of trading platforms

ABOUT JP MARKETS

JP Markets is a Forex and CFD broker that is owned and operated by the JP Markes SA (Pty) Ltd., licensed and regulated by the Financial Services Board, South Africa, FSP 46855. The company is located at Nelson Mandela Square, Maude Street, West Tower Floor 2, Gauteng 2146, K2016/123297/07.

About Us

Firstly, congratulations on doing your research and due diligence!

Secondly, a little bit about us and why we are qualified to provide this review.

Forex Broker Expert is recognised for being a source of ground-breaking, high-quality, factual content that doesn’t leave any stone unturned. Tens of thousands of traders have used our reviews as a springboard to greater levels of trading success.

is to provide a transparent review of Admiral Markets forex broker and to help guide you on your journey to finally finding a forex broker you can not only trust but be happy with.

At the end of the day, if you partner up with the wrong broker you can end up losing more money to fees, slippages and errors than actually trading yourself. Choosing a broker to partner with is a. big. deal…

So wouldn’t you rather read our 2020 Forex Broker Rating to see the features and what to expect?

Overral Ratings:
3.7/5

Methodology

In-depth Forex Broker Reviews ONLY available at ForexBrokerExpert.com.

Here at Forex Broker Expert, we’re dedicated to helping you get started trading online and have your own forex account. Most importantly, we want to help you make a success of it. Since starting up in 2010, we’ve connected hundreds of thousands of readers to the right forex trading platform for their needs.
We do this through conducting our own research. We’re constantly testing (and re-testing) the most popular forex brokers on the market to give you completely impartial advice about every single broker we feature on our site. We even get people just like you to give them a go and give us their feedback.
Our aim is to provide you with the very best information so you can make an informed decision about which forex broker is best for you – and feel happy with your choice!


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