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JP Markets Review

Edited by: Louis Schoeman

Overall, JP Markets is considered trusted, with an overall Trust Score of 80 out of 100. They are licensed by zero Tier-1 Regulators (highly trusted), one Tier-2 Regulator (trusted), zero Tier-3 Regulators (average risk), and zero Tier-4 Regulators (high risk). The broker offers five retail accounts: Standard, Premium, VIP, Islamic, and Zero Stop-Out, and two bonus accounts: Draw-Down Bonus and JPM Bonus 300. 

 

JP Markets Review – 13 key points quick overview:

  1. ☑️Overview
  2. ☑️At a Glance
  3. ☑️JP Markets Account Types
  4. How To Open a JP Markets Account
  5. JP Markets Deposit & Withdrawal Options
  6. Trading Instruments & Products
  7. JP Markets Trading Platforms and Software
  8. JP Markets Spreads and Fees
  9. Leverage and Margin
  10. Educational Resources
  11. JP Markets Pros & Cons
  12. Security Measures
  13. Conclusion

 

Overview

Overview

 

Founded in 2016, JP Markets is a South African financial brokerage that prioritizes providing superior services to traders, with a strong emphasis on personalized assistance. The company offers world-class platforms like MetaTrader 5, along with tools designed to enhance trading experiences.

 

With a customer base exceeding 400,000 traders, the broker has a strong presence in Africa. Despite a regulatory setback, the company remains resilient and committed to compliance.  

 

Because its client-centric culture ensures a safe and friendly workspace for traders, the broker aims to reshape South Africa’s commercial environment based on lessons learned, focusing on trust, technical quality, and personalized service.

 

Overall, the company’s commitment to trust, technical quality, and personalized service makes it an appealing partner for traders of all skill levels. 

 

Does JP Markets provide customer service in various languages?

Yes, the broker offers customer service in English to traders in South Africa and other locations.

 

What differentiates JP Markets from other brokers in the market?

JP Markets differentiates itself via its devotion to personalized service, diverse account options, including Islamic and bonus accounts, and an easy-to-use trading interface. 

 

At a Glance

🗓 Established Year2016
⚖️ Regulation and LicensesFSCA
🪪 Ease of Use Rating4/5
📞 Support HoursNot published
💻 Trading PlatformsMetaTrader 5
🛍 Account TypesStandard, Premium, VIP, Islamic, Zero Stop-Out, Draw-Down, JPM Bonus 300
🤝 Base CurrenciesUSD, ZAR
📊 SpreadsFrom 0.5 pips
📈 LeverageUp to 1:2000
💸 Currency PairsUnpublished
💳 Minimum Deposit100 ZAR
🚫 Inactivity FeeYes, 150 ZAR after three months of inactivity
🗣 Website LanguagesEnglish
💰 Fees and CommissionsSpreads from 0.5 pips, commissions from $3
✅ Affiliate ProgramYes
🏦 Banned CountriesAll except South Africa, Namibia, Swaziland, and Lesotho
✔️ ScalpingNo
📉 HedgingNo
🎉 Trading InstrumentsForex, stocks, indices, commodities
🎖 Open an AccountOpen Account

 

JP Markets Account Types 

Account Types 

 

StandardPremiumVIPIslamicDraw-Down BonusZero Stop-OutJPM Bonus
✅ AvailabilityAll; ideal for beginnersAll; ideal for casual tradersAll; ideal for professionals and scalpersMuslim tradersAllAllAll
🛍 MarketsAllAllAllAllAllAllAll
💸 CommissionsNone; only the spread is chargedNone; only the spread is chargedFrom $3None; only the spread is chargedNone; only the spread is chargedNone; only the spread is chargedNone; only the spread is charged
💻 PlatformsMetaTrader 5MetaTrader 5MetaTrader 5MetaTrader 5MetaTrader 5MetaTrader 5MetaTrader 5
📊 Trade SizeFrom 0.01 lotsFrom 0.01 lotsFrom 0.01 lotsFrom 0.01 lotsFrom 0.01 lotsFrom 0.01 lotsFrom 0.01 lots
📈 Leverage1:20001:20001:5001:5001:5001:5001:500
💰 Minimum Deposit100 ZAR1,500 ZAR5,000 ZAR1,500 ZAR1,500 ZAR100 ZAR100 ZAR
🎖 Open an AccountOpen AccountOpen AccountOpen AccountOpen AccountOpen AccountOpen AccountOpen Account

 

JP Markets Standard Account 

JPM Standard Account is a great option for novice traders interested in financial markets, specifically forex, metals, indices, and commodities. First, it’s affordable. With a minimum deposit of only 100 ZAR, you can start trading without a significant financial commitment.

 

Second, the Standard Account offers leverage of up to 1:2000. This can potentially magnify your profits, but it’s important to remember that leverage can also amplify losses, so be sure to manage your risk carefully.

 

Transactions are conducted in both USD and ZAR currency, furthermore, implementation orders occur at market prices, demonstrating ease of use and proficiency in trade execution protocols.

 

JP Markets Premium Account 

Overall, the Premium Account is designed for experienced traders, offering a range of assets, including US and EU stocks, Forex, metals, Indices, and commodities.  

 

With a minimum deposit of 1,500 ZAR, it offers leverage up to 1:2000, but swap fees apply for overnight positions. The account is denominated in USD and ZAR. 

 

JP Markets VIP Account 

Overall, the VIP Account provides access to a wide range of markets, including Foreign Exchange, Precious Metals, Indices, Commodities, and Equities, through the MT5 Platform.

 

Additionally, It requires a mandatory 5,000 ZAR opening deposit and offers a 1:500 leverage limit, a predictable pricing structure, and efficient market execution, demonstrating a commitment to productive trade practices.

 

JP Markets Islamic Account 

The Islamic Account offers a swap-free trading environment, allowing you to trade Forex, Metals, Indices, and Commodities markets. Additionally, it boasts a minimum deposit of 1,500 ZAR and up to 1:500 leverage.

 

Furthermore, it allows interest-free trading through USD ZAR currency denomination, adhering to Islamic financial principles. In this way, market execution ensures transaction settlement without prejudice, promoting equity among all parties involved.

 

JP Markets Draw-Down Bonus Account 

In addition, the Draw-Down Bonus Account provides traders with a 25% draw-down bonus on the MT5 platform, conveniently covering Forex, metals, indices, and commodities.

 

With a minimum deposit of 1,500  ZAR and leverage up to 1:500, this account aims to mitigate losses during market declines and enhance trading capabilities.  

 

The account is designated in USD and ZAR. Additionally, it offers a supplementary incentive scheme. This makes it an ideal choice for cautious investors in high-risk markets.

 

JP Markets Zero Stop-Out Account 

Additionally, the Zero Stop-Out Account, designed for security-conscious traders, offers trading in Forex, Metals, Indices, and Commodities with an initial investment of 100 ZAR.

 

It allows leverage up to 1:500 and minimizes stop-out risks. It offers easy transaction management on the MT5 platform, utilizing both USD and ZAR currencies. 

 

JP Markets JPM Bonus Account 

The JPM Bonus Account offers a compelling advantage for traders: a 300% credit boost on internal transfers. Additionally, it provides unlimited access to a wide range of markets, including FX, Metals, Indices, and Commodities. With a minimum 100 ZAR investment, traders can leverage up to 1:500, demonstrating substantial potential gains.

 

It features a comprehensive incentive framework in USD and ZAR variants. In addition, this framework enhances successful trades, setting it apart from other market accounts.

 

Do I have to fulfil particular requirements to be eligible for various account types at JP Markets?

JPM offers account choices for traders of various skill levels, with varied minimum deposit requirements and features geared to certain trading styles and techniques

 

Can I swap between account kinds at JP Markets?

Yes, the broker enables traders to swap account types depending on their changing trading requirements and preferences.

 

How To Open a JP Markets Account 

To register an account, follow these steps: 

 

Step 1 – Click on the Register button.

Visit their official website (https://www.jpmarkets.co.za/) and click the “Open Account” or “Sign Up” option. 

How To Open a JP Markets Account Step 1

 

Step 2 – Complete the form.

Complete the online form with your personal information, such as your name, email address, phone number, and country of residence.  The broker will ask you to verify your identification to comply with requirements. This entails uploading clear photos of a government-issued ID (passport, driver’s license) and a proof of address document (utility bill, bank statement) no older than three months. 

 

JP Markets Deposit & Withdrawal Options 

💳 Payment Method🏛 Country⚖️ Currencies Accepted⏰ Processing Time
Peach PaymentsSouth Africa, Namibia, Lesotho, SwazilandUSD, ZARInstant – a few days
OZOWSouth Africa, Namibia, Lesotho, SwazilandUSD, ZARInstant – a few days
KoraSouth Africa, Namibia, Lesotho, SwazilandUSD, ZARInstant – a few days
SticpaySouth Africa, Namibia, Lesotho, SwazilandUSD, ZARInstant – a few days
NetellerSouth Africa, Namibia, Lesotho, SwazilandUSD, ZARInstant – a few days
PaystackSouth Africa, Namibia, Lesotho, SwazilandUSD, ZARInstant – a few days
SkrillSouth Africa, Namibia, Lesotho, SwazilandUSD, ZARInstant – a few days
PraxisSouth Africa, Namibia, Lesotho, SwazilandUSD, ZARInstant – a few days

 

Deposits 

How to Deposit using e-Wallets or Payment Gateways Step by Step 

✅Access your account and locate the ‘Deposit’ section. 

✅Choose your chosen e-wallet or Payment Gateway from the list of available alternatives. 

✅Enter the deposit amount and, if required, log into your eWallet. 

✅Authorize the payment immediately from your e-wallet or payment gateway interface. 

✅Confirm the transaction and go back to your account page. 

✅Wait for the funds to be credited to your account, which generally takes a few minutes. 

 

Withdrawals 

How to Withdraw using e-Wallets or Payment Gateways Step by Step 

✅Visit the ‘Withdraw’ section of your account. 

✅Choose the e-wallet or Payment Gateway you wish to use for the withdrawal. 

✅Enter the withdrawal amount and your e-wallet or payment gateway account information. 

✅Confirm and submit the withdrawal request. 

✅Wait for the money to be sent to your e-wallet or payment gateway account, which should be rapid but may take longer, depending on the provider. 

 

How long do deposits show up in my trading account?

Deposits made using most payment methods are often processed instantaneously, enabling traders to begin trading immediately.

 

Can I withdraw money from my account at any time?

Yes, traders may withdraw funds from their account anytime, subject to verification and compliance with anti-money laundering requirements.

 

Trading Instruments & Products 

The broker offers the following trading instruments and products: 

➡️Forex – Additionally, the broker provides diverse currency pairs, including major, minor, and exotic pairings. Traders have access to attractive spreads and leverage, providing them large exposure to the forex market with a little initial commitment. 

➡️Stocks – A wide range of US and EU equities are accessible, allowing traders to interact with some of the world’s most prominent and significant firms. 

➡️Indices – At JP Markets, traders can access a wide range of global indexes that reflect the performance of national economies and particular industries. 

➡️Commodities – Overall, the platform allows you to trade in various commodities, including precious metals like gold and silver, energy commodities like oil and natural gas, and agricultural goods. 

 

Does the broker provide access to foreign stock markets?

Yes, the broker provides traders access to various foreign stock markets, including US and EU shares.

 

Does JP Markets allow options or futures trading?

No, the broker concentrates exclusively on spot forex and CFD trading, giving customers access to a diverse choice of financial products without the complexity of options or futures trading. 

 

JP Markets Trading Platforms and Software 

Trading Platforms and Software 

 

In addition to being a significant advancement in trading technology, the MetaTrader 5 platform offers a robust environment for trading various financial assets like Forex, equities, indices, and commodities. It also provides extensive market analysis with over 80 built-in indicators and analytical objects.

 

The platform also offers automated trading through trading robots and signals, allowing traders to adopt varying strategies.  

 

In addition to its multi-asset capacity that expands trading possibilities, the platform also enhances the trading experience with features like a multi-threaded strategy tester, market depth, and a flexible trading system. This is further complemented by the platform’s interface, which is simple yet comprehensive, catering to both new and experienced traders.

 

Can I utilize automated trading methods on JP Markets?

Yes, the broker provides automated trading techniques using the MetaTrader 5 platform, which enables traders to use expert advisors (EAs) and custom indicators for algorithmic trading.

 

Is JP Markets’ trading platform user-friendly for beginners?

Yes, JP Markets’ trading platform, MetaTrader 5, is noted for its user-friendly interface and intuitive design, making it appropriate for traders of all skill levels.

 

JP Markets Spreads and Fees 

Spreads and Fees 

 

Spreads 

The broker offers various account types with variable spreads to suit different trading preferences. Standard accounts have reasonable spreads starting at 1.5 pips, while Premium accounts have narrower spreads starting at 1 pip. Furthermore, VIP accounts have the smallest spreads at 0.5 pips, catering to high-volume traders. 

 

Commissions 

Commissions are solely applied to the VIP Account and start at $3, ensuring transparent and equitable pricing structures. Traders who choose this premium account will benefit from specialized services while being cost-effective. 

 

Overnight Fees 

The broker charges overnight fees for traders with over 24-hour positions but offers a swap-free account to cater to Muslim traders, demonstrating their commitment to tolerance and diversity within their customer base. 

 

Deposit and Withdrawal Fees 

JP Markets’ website and client agreement do not state deposit and withdrawal fees, but traders should consider these costs when managing their accounts with third-party providers. 

 

Inactivity Fees 

However, inactivity costs, amounting to 150 ZAR after three months, are implemented to encourage traders to stay active on the platform, thus promoting a dynamic trading environment.

 

Currency Conversion Fees 

Traders should be aware of any currency conversion fees when depositing or withdrawing funds in currencies other than USD or ZAR, as understanding these fees is crucial for controlling trading costs and improving profitability in the ecosystem. 

 

How are fees determined for trading on JP Markets?

Commissions on JP Markets are generally applied to certain account categories, beginning at $3 per transaction, guaranteeing clear pricing and equal trading circumstances.

Do JP Markets provide discounts or rebates on trading costs for high-volume traders?

While the broker does not expressly reduce trading costs, high-volume traders may benefit from lower spreads and more competitive pricing depending on their trading activity.
 

Leverage and Margin 

Overall, the broker offers a flexible leverage and margin structure tailored to clients’ trading strategies and risk tolerances.  

 

The broker offers a range of leverage options, starting with a maximum of 1:500 on certain accounts. In other words, this caters to traders who want to increase their trading capacity without risking a significant amount of funds upfront.

 

In addition, they offer leverage up to an aggressive 1:2000 on other accounts, particularly the Standard Account, catering to traders willing to accept higher risk for greater gains.  

 

Furthermore, margin requirements are linked to the leverage offered, with lower leverage requiring more funds to cover losses and greater leverage reducing margin requirements. 

 

How does JP Markets compute the margin needs for various trading instruments?

Margin requirements at JP Markets are proportional to leverage given, with more leverage necessitating lower margin requirements and vice versa

 

What is the highest leverage offered to traders at the broker?

The broker provides diverse leverage choices, ranging from 1:500 to 1:2000

 

Educational Resources 

The broker offers the following educational resources: 

➡️FAQ – The FAQ area is a valuable resource for traders, offering quick answers to common questions about trading accounts, platform use, deposit/withdrawal procedures, leverage/margin requirements, and more. 

➡️YouTube Videos – Overall, YouTube videos are a valuable instructional tool for learners, aiding in understanding complex trade ideas. The broker utilizes this platform for training on trading platforms, trading techniques, market analysis, and technical indicator usage. 

 

Are JP Markets’ teaching offerings appropriate for both beginners and seasoned traders?

Yes, JP Markets’ instructional tools are designed for traders of all ability levels.

 

What kind of instructional materials does JP Markets provide to traders?

The broker provides various instructional tools, including FAQs and YouTube videos.

 

JP Markets Pros & Cons 

✔️ Pros❌ Cons
Offers a regulated choice for traders in South AfricaTheir website provides limited details about the Forex pairings, equities, indices, and commodities accessible for trading
Uses the popular and powerful MetaTrader 5 trading platformThe website lacks clear directions, as well as information on fees and processing periods for deposits and withdrawals
Known for their capable customer supportDoes not provide substantial teaching resources for traders
The Financial Sector Conduct Authority (FSCA) of South Africa has granted JP Markets a renowned Over-the-Counter Derivatives Provider licenseImportant elements regarding average spreads, overnight costs, deposit and withdrawal fees, and charges are not present on the website
Provides a choice of accounts to meet the diverse demands of tradersJP Markets has encountered regulatory issues in the past, which may alarm some traders
JP Markets' renewed emphasis and ODP license allow them to extend their offers and increase transparencyDoes not presently provide a demo account for practising trading
Prioritizes the security of customer finances and data
Supports a variety of e-wallets for easy deposit and withdrawals

 

Security Measures 

The broker prioritizes customer security through SSL encryption technology on their website and trading platforms, ensuring data protection from unwanted access. They also adhere to strict regulatory rules, requiring the segregation of customer money.  

 

In addition to separating deposits from operational funds, providing financial protection and ensuring withdrawals at client request, this approach also protects sensitive financial information and increases confidence in the platform’s financial integrity.

 

Can customers securely trace their account activity and transaction history with JP Markets?

Yes, JP Markets provides clients with secure access to their account activity and transaction history.

 

Does the broker conduct frequent audits or compliance checks to meet security requirements?

The broker follows regulatory regulations and conducts regular audits and compliance checks to ensure transparency and security standards.

 

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker >>
🥈Read ReviewFMA, FSAUSD 50Visit Broker >>
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8Read ReviewNot Regulated0.001 BTCVisit Broker >>
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker >>
10Read ReviewCySEC,MISA, FSCAUSD 20Visit Broker >>

 

Conclusion 

Overall, JP Markets is a reliable FX and CFD broker offering a variety of account types, including Islamic and bonus accounts, to cater to traders of all skill levels in South Africa and abroad. The platform uses the popular MetaTrader 5 platform, and the company focuses on security and client service.  

 

However, in our experience, some traders might face challenges due to unclear costs, processing delays, limited instructional materials, and a demo account option.

 

For more information on FXLeaders.

Faq

Yes, JP Markets charges an inactivity fee of 150 ZAR per month after three consecutive months of no account activity. 

Withdrawal processing periods at JP Markets vary based on the payment type and may range from immediate to a few days. 

Yes, JP Markets is regulated by the FSCA, implying strict regulatory control. 

The minimum deposit necessary to start an account with JP Markets varies by account type, with the Standard Account needing a minimum of 100 ZAR. 

JP Markets uses MetaTrader 5. 

Yes, JP Markets stresses client security via SSL encryption and regulatory compliance. 

JP Markets offers diverse products, including forex, equities, indices, and commodities.

JP Markets is headquartered in Cape Town, South Africa. 

Yes, JP Markets provides Draw-Down and JPM Bonus 300 accounts.

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