JP Markets Review – Should traders trust this broker?
JP Markets
Details
| Broker | JP Markets |
|---|---|
| Website URL | https://www.jpmarkets.co.za |
| Founded | 2016 |
| Headquarters | Cape Town, South Africa |
| Support Number | /+27 210451333 |
| Support Types | Email, phone, WhatsApp. direct messaging, social media |
| Languages | English |
| Trading Platform | MetaTrader 5 |
| Minimum 1st Deposit | None |
| Minimum Account Size | 100R |
| Leverage | Varied |
| Spread | Varied |
| Free Demo Account |  |
| Account Types | Standard, Premium, VIP, Islamic |
| Deposit Methods | Credit/debit card, wire transfer, various e-wallets |
| Withdrawal Methods | Credit/debit card, wire transfer, various e-wallets |
| Types of Assets | Forex, stocks, indices, commodities |
| US Traders Allowed | |
| Mobile Trading |
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| Tablet Trading |
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| Overall Score |
JP Markets is a retail trading brand authorized as a financial services provider and over-the-counter derivatives provider (ODP). The brand is also licensed and regulated by the Financial Sector Conduct Authority (FSCA) of South Africa. Traders interested in working with the broker should be aware that it does not provide its services to residents of some countries, according to local regulation. However, the fact that this broker is regulated is definitely a good sign – and a reason to learn more about it with the help of our JP Markets review.
Assets
You can trade on Standard accounts benefiting from tight spreads and deep liquidity with JP Markets. The asset index includes some of the most popular instruments out there, such as Forex, indices, commodities and shares. These are financial derivatives and that means you will be taking advantage solely of price movements, without owning the underlying.
Since there are multiple account types part of the offer, trading conditions are not the same for all customers. You should think about how much you can deposit, what account is best for you, and only then you know which account fits.
Platforms
In terms of trading platforms, JP Markets relies on the well-known MetaTrader 5. Among the main benefits, we can note the fact that traders are working with a reputable solution that has a long track record.
Feature-wise, MT5 comes with advanced charting, risk management, multiple order types and an expanded list of indicators as compared to MT4. Moreover, traders are free to install the software on any device and manage their accounts even while on the go.
Accounts
Moving on to trading accounts, there are several options available with JP Markets. According to the comparison table shared by the broker, Standard, Premium, VIP and Islamic are your choices when signing.
Traders aiming for affordability could consider the Standard account thanks to its low deposit requirement. You only need R100 to get started and even at this stage, costs, leverage and range of markets are attractive.
Working with JP Markets means access to a secure trading account because the broker covers only trusted payment channels. Skrill, Neteller, Ozow, Kora, Sticpay, Praxis and others are currently available.
Seasoned traders with more capital available can go for one of the largest accounts. VIP is the one offering Standard Account subject to the lowest spreads, but you also need to pay commissions.
This is not a broker providing a lot of educational content, but if you are interested in reading the latest news, the blog section is where content is added regularly by JP Markets.
Summary
To conclude, JP Markets is a regulated entity traders can use to trade a large variety of instruments. It offers multiple account types, the popular MT5 and competitive trading terms. That applies even if you go for one of the affordable accounts. The company claims that the main focus is on customer satisfaction and the bundle of benefits seems to confirm it.
JP Markets SA (Pty) Ltd is an authorized Financial Service Provider (FSP) and Over-the-Counter Derivate Provider (ODP).
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