JP Markets

JP Markets 2024 Broker Review

Written by:

Fact checked by:

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.


Minimum Deposit

0.5 Pips

Spreads Starting From


Free Demo Account


Inactivity fee


ECN account option

In business since 2016

Regulated In South Africa


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


Minimum Deposit


Withdrawal Fee


Account Verification Time

1 Business Day or Less

Deposit Options

Card, bank wire, Skrill, Bitcoin, Absa, Nedbank

Accepts crypto deposit


Trading Platforms

MetaTrader 4 & JPM Mobile App

Demo Accounts


VPS Offered


Subscribe To Our FREE newsletter

Stay up to date with the latest in the forex world – broker reviews, news, and exclusive offers.

This field is for validation purposes and should be left unchanged.

Account Opening 4 / 5

Once the documents are submitted traders can expect to be verified and ready to trade shortly.

Commissions & Fees 3 / 5

Deposit and withdrawal 3 / 5

  • Peach
  • Ozow
  • Kora
  • SticPay
  • Neteller
  • Paystack
  • Skrill
  • Praxis

It is important to note again that the broker might charge fees to withdrawal money depending on which option is selected.

Trading Platforms 3 / 5

  • MetaTrader 4
  • JP Markets Mobile App

While MetaTrader 4 will likely cover most trader’s needs, it would be nice to see the broker add more trading platform options.

Customer Support 4 / 5

Other 2 / 5

  • Free demo account (live account not required)
  • Extensive education and learning material

About ForexBrokerTalk

ForexBrokerTalk is a free service which helps both new and experienced traders find the best forex broker for their needs. As an impartial party we have reviewed more than 50 different forex brokers, with new brokers being added everyday. Additionally we offer a free newsletter to keep traders up to date on the latest in forex broker news, promotions, and more! Have any questions? Click here to contact us and we’ll be happy to help.

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.