JP Markets Review 2021
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| JP Markets is an award-winning South African Forex and CFD broker. | ||
JP Markets is a multiple award-winning broker that offers traders Forex CFDs, indices, stocks, commodities, cryptocurrencies. JP Markets allows traders to use the MetaTrader4 trading platform, but unfortunately not MetaTrader5 at this point.
In terms of features offered to traders, JP Markets has Demo Accounts but is missing Islamic Accounts, Social Trading, Signals and Auto Trading.
JP Markets also gives traders access to 4 cryptocurrencies: BTC, LTC, ETH and XRP.
JP Markets is regulated, but not by the FCA here in the UK. While this is not necessarily an issue, very careful traders might want the extra safety of using an FCA-regulated broker.
JP Markets Summary
JP Markets is an award-winning South African Forex and CFD broker.
Ratings
| Bonus | None |
|---|---|
| Instruments | Forex CFDs, indices, stocks, commodities, cryptocurrencies |
| Demo Account | ✓ |
| Min. Deposit | No minimum |
| Min. Trade | 0.01 lots |
| Regulated By | FSB |
| MetaTrader 4 | ✓ |
| MetaTrader 5 | ✗ |
| cTrader | ✗ |
| DMA Account | ✗ |
| ECN Account | ✓ |
| Mobile Apps | ✓ |
| Auto Trading | ✗ |
| Trade Signals | ✗ |
| Social Trading | ✗ |
| Copy Trading | ✗ |
| Islamic Account | ✗ |
CFD Trading
| Leverage | 1:200 |
|---|---|
| FTSE Spread | 19 pips |
| GBPUSD Spread | 2.4 pips |
| Oil Spread | 10 pips |
| Stocks Spread | From 0.7 pips |
Forex Trading
30 currency pairs are available to trade
| GBPUSD Spread | 2.4 pips |
|---|---|
| EURUSD Spread | 2 pips |
| EURGBP Spread | 2.4 pips |
| Assets | 30 |
Cryptocurrency Trading
Trading is available on just four popular crypto pairs
| Spread | Variable |
|---|---|
| Coins | BTC, LTC, ETH, XRP |
Payment Methods
JP Markets accepts the following payment methods:
- Skrill
- Credit Card
Awards
JP Markets is a multiple award-winning broker, with 4 awards received so far.
- South Africa’s Best Broker 2019 - Global Business Outlook
- South Africa’s Fastest Growing Broker 2019 - International Finance
- The Most Transparent Broker 2019 - The European
- Forex CEO of the year South Africa 2020 - International Business Magazine
FAQ
Is JP Markets Safe?
Yes, most likely, as we gave JP Markets a trust score of 50% in this review. The main negative factor in this score is that JP Markets is not FCA regulated. However, very careful traders might want to find an alternative in our top list of UK brokers.
Does JP Markets Accept PayPal?
No, JP Markets does not accept PayPal payments.
Is JP Markets Halal?
Probably not, as JP Markets does not offer an Islamic trading account as far as we know. For alternatives, please see the list of halal brokers.
What trading platforms does JP Markets support?
JP Markets only supports the MetaTrader 4 trading platform at this time.
Is JP Markets Regulated?
Yes, JP Markets is regulated by FSB.
The fact that JP Markets is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for safer options.
JP Markets vs Other Brokers
If you want to compare JP Markets with other brokers, use the detailed comparisons below.
- Capital.com vs JP Markets
- Finspreads vs JP Markets
- JP Markets vs InstaForex
- KLMFX vs JP Markets
- LH Crypto vs JP Markets
- Mitto Markets vs JP Markets
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| JP Markets is an award-winning South African Forex and CFD broker. | ||