JP Markets 2024 Broker Review
Recommended for
- Traders located in South Africa
Trust Level: High
- Licensed and regulated by Financial Services Board (FSB) in South Africa
- In business since 2016
Popularity
75 people visited this broker using ForexBrokerTalk within the last 6 months
Introduction To JP Markets
JP Markets is a Forex broker based in South Africa, established in 2016. It operates under the regulation of the Financial Services Board (FSB) in South Africa, ensuring a secure and regulated trading environment. The broker offers a range of financial markets, including Forex, Metals, Indices, Futures, and Shares based on Contracts for Difference (CFDs). The broker provides the MetaTrader 4 (MT4) platform and its proprietary mobile app, catering to both novice and experienced traders. JP Markets emphasizes the importance of trader education, understanding that informed traders are more likely to succeed.
However, JP Markets has faced criticism and negative feedback from traders, particularly in relation to spread conditions and issues with withdrawals. While it offers competitive trading conditions, some traders have reported unclear spread conditions and challenges in withdrawing funds. Despite these concerns, JP Markets remains a popular choice among traders in South Africa and elsewhere, partly due to its simple account setup, ECN trading options, and diverse range of trading instruments. The broker’s commitment to trader education and customer support adds to its appeal, although potential clients should take into account the reported issues before deciding to trade with JP Markets.
$0
Minimum Deposit
0.5 Pips
Spreads Starting From
Yes
Free Demo Account
No
Inactivity fee
Pros
ECN account option
In business since 2016
Regulated In South Africa
Cons
Lacking 24/7 Support
Unclear spread / fee structure
Review Video:
Coming soon!
JP Markets Quick Facts
Country Headquarters
South Africa
Instruments Offered
Forex, Metals, Indices, CFDs
Base Account Currency
USD, ZAR
Minimum Deposit
$0
Withdrawal Fee
$0
Account Verification Time
1 Business Day or Less
Deposit Options
Card, bank wire, Skrill, Bitcoin, Absa, Nedbank
Accepts crypto deposit
Yes
Trading Platforms
MetaTrader 4 & JPM Mobile App
Demo Accounts
Yes
VPS Offered
Yes
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3.5 / 5
ForexBrokerTalk Final Score
JP Markets is regulated broker who’s been around for a few years. While they might not offer the best trading conditions, they are a great option for South African traders looking to use a local forex broker.