JP Markets Review Is It Safe To Trade With Jpmarkets.co.za

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JP Markets Review

JP Markets

Leverage: 1:200

Regulation: FSCA

Min. Deposit:

HQ: South Africa

Platforms: MT4, JPM App

Found in: 2020

JP Markets Licenses

JP Markets SA (PTY) Ltd – authorized by FSCA (South Africa) registration no. 46855

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  1. Is JP Markets safe or a scam?
  2. Trading Platform
  3. Accounts
  4. Spread
  5. Leverage
  6. Deposits and Withdrawals conditions with a minimum deposit and withdrawal fee
  7. Conclusion

What is JP Markets?

JP Markets is a South African Forex broker that initially started its operation since 2020 with a base on an extensive understanding of international financial markets. The main JP Markets offering strives for the ability to engage in long-lasting relationships and trading capability, which inspires local and global traders to fruitful trading.

This is done through numerous ways, including investment into traders’ knowledge, which JP Markets provides knowing that a successful trader is a knowledgeable trader.

JP Markets operations based throughout several countries across Africa with its base in South Africa, which also continuously grows beyond and further. JP Markets strives to bring trading conditions to international traders throughout its innovative trading benefits and access to trade Forex, Metals and other instruments on an STP basis.

Education

Actually, JP Markets managed to maintain consistency in its record and trading service by providing expert advice through dedicated online trading courses and a huge amount of education materials. And together with its dynamic trading recognition as one of the leading brokers in South Africa through numerous traders they gather, as well as industry rewards.

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Is JP Markets safe or a scam?

JP Markets as an incorporated firm within South Africa also is a fully approved broker by the Financial Services Board is known as FSCA. Therefore, JP Markets trading offering is successfully authorized as an international financial service that is also compliant with safety measures and providing clients with transparent conditions.

Eventually, South Africa shows the significant growth of the Forex industry while more and more firms opening its branches or entities under its jurisdiction. JP Markets, however, stands on a strong background of its incorporation while maintaining trading operations dedicated to offering the best possible trading opportunity.

How are you protected?

In simple words, regulatory obligations subject to a qualifying standard on how the broker operates serves trading conditions as well as maintains a number of other safety rules specifically towards money management and market integration. Thus, there is negative balance protection, traders funds segregation, the security of the highest level while all accompanied by the protection of the clients’ interests.

Trading Platforms

JP Markets pioneered the offering by MT4 platform and quality trading execution with No Requotes, No Rejections and flexible trading conditions. The MetaTrader4 platform is today’s industry standard known for its innovative and powerful trading capabilities suitable either for retail investors to buy and sell currencies, as well as professionals.

JP Markets MT4 platform supports Future, Indices, Equities and other CFD transactions along with advanced charting features, technical analysis tools and automated trading. Of course, the platform is available in few versions so you may access trading from any device, including smartphones.

Mobile platform

However, JP Market offers also its proprietary application JPM Mobile App which is a super comfortable software allowing you to take control over your trading at any time.

So besides trading markets in a manual or automatic way, you may also engage in Social Trading with Copy Trader or Copy Master accounts. This means that you may copy master accounts and profit from trading without any knowledge or interruption just by a simple copy of orders. Or to gain extra exposure to the markets and management of bigger capitals by being a Master Trader.

Accounts

As for the trading account as an important part of our JP Markets Review, we discover two account types that are based either on STP execution with costs included into spread only, or ECN account with raw spread and commission charges. Also, accounts for Copy Trading either Copy Trader or Copy Master may require additional authorization settings so that you will trade seamlessly.

In addition to its numerous benefits of JP Markets offering, it is one of the rare brokers that proposes interest on trading accounts, which might be subject to a qualifying minimum balance.

What are JP Markets Fees?

JP Markets Spreads are variable and based on market conditions, which are also quite competitive spreads within the market offering, on average EUR/USD is about 2 pips for STP account. As we already mention, the ECN account will feature commission $10 per lot, which is a better option for professionals, yet available for all as per reference.

Also, compare fees to another popular broker Valbury Capital.

How to place order?

Leverage

Since JP Markets is a South Africa broker, the local regulations still allows high leverage ratios available even for retail traders. Eventually, this is one of the reasons South Africa brokers, and JP Markets respectively, gaining more popularity and growing further.

  • The maximum ratio offered by JP Markets is 1:500 which is mainly offered for professionals, retail traders may access ratios like 1:100 or 1:200 that also vary according to the instrument specifications.

How to Deposit funds to JP Markets?

The last point within JP markets Review is funding methods that will allow you to send money into your trading account. JP Markets differs from many brokers, because the broker is authorized and licensed to accept local deposits from clients.

  • There are bank accounts with Absa, FNB, Standard Bank and Nedbank
  • Multiple payment gateways like Skrill also accepting Bitcoin so there is no complication to fund your trading account

Lastly, JP markets issue and made it available upon request its own JPM Card operated as MasterCard connected to your trading account, so you may seamlessly use all the benefits of Debit Card.

Minimum deposit

JP Markets does not have a strict minimum deposit, so you may invest a suitable amount, which is great from all of the sides. However, JP Markets recommend starting with around R3,000, which is around $200, as well as supports with great training and education materials super recommended for beginning traders.

Moreover, clients of JP markets enjoy complimentary access to some of the best Forex training and mentorship at no charge.

Withdrawal fee

JP Markets does not mention charges for deposits or withdrawals, however, your bank or payment provider may waive some fees due to international policies, so you better check with the provider for its fees.

Conclusion

Overall, JP Markets Review brought us an understanding of brokers’ trading conditions and truly great education materials dedicated to make you a more knowledgeable trader. Together with its quite competitive trading conditions, there are options either to trade manually or to copy trades from the Copy Accounts, making investment opportunities better.

Besides and taking into consideration JP Markets is a quite known brokerage is South Africa and is recognized by international traders brand making our votes positive towards JP Markets. In addition, broker is constantly growing, expanding and making trading opportunities even better, which is another benefit for a long term investment.

Nevertheless, let us know your personal opinion about JP Markets, do not hesitate to share your thoughts or ask us for additional information if necessary in the comment area below.

JP Markets

Overview

JP Markets has a consumer rating of 1 stars from 1 reviews indicating that most consumers are generally dissatisfied with their purchases.

“STAY AWAY”

I deposited money with his company and they ignored all my calls and mails when asked from deposits. For over five moths they refused to grant my withdrawal requests. Their phone number is never reachable. I was only able to get back my money from them when I reached out to a recovery company WEALTHWATCHS,COM , they helped me recoup all my lost funds to them. I am so glad I have all my money back

JP Markets Review: Is It Safe To Trade With Jpmarkets.co.za?

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Ratrating’s Reviews about jpmarkets.co.za

Market volume: 464331

Volume of the market that the domain occupies: 0.01%

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