JP Markets Review 2024
JP Markets is a multiple award-winning broker that offers traders Forex CFDs, indices, stocks, commodities, cryptocurrencies. JP Markets allows traders to use the MetaTrader 4 trading platform, but unfortunately not MetaTrader 5 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 a South African forex and CFD broker established in 2016. The broker is regulated by the FSCA in South Africa although the firm has been involved in controversy in recent years. The brokerage offers thousands of assets in ECN and STP accounts, including forex, stocks and commodities. The firm promises high-quality support, tailored services and innovation to its global traders.
JP Markets is #97 in our rankings of CFD brokers.
Ratings
Pros |
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Cons |
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Bonus | None |
Instruments | Forex CFDs, indices, stocks, commodities, cryptocurrencies |
Demo Account | ✓ Yes |
Min. Deposit | $0 |
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 | ✗ |
Commodities |
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CFD Trading
Access over 5000 CFDs with high leverage up to 1:500. Trading costs are high with a $10 commission per lot, though the broker does offer accessible trading in ZAR, USD or GBP for global clients.
Leverage | 1:400 |
---|---|
FTSE Spread | 19 pips |
GBPUSD Spread | 2.4 pips |
Oil Spread | 10 pips |
Stocks Spread | From 0.7 pips |
Forex Trading
JP Markets only offers 30 currency pairs, which does not match top brokers. Average spreads on EUR/USD are also around 2 pips, which is higher than many competitors.
GBPUSD Spread | 2.4 pips |
---|---|
EURUSD Spread | 2 pips |
EURGBP Spread | 2.4 pips |
Assets | 30 |
Cryptocurrency Trading
Some digital tokens are available, including Bitcoin, though crypto deposits are not supported. Crypto traders may want to consider a more reliable and regulated broker.
Spread | Variable |
---|---|
Coins | BTC, LTC, ETH, XRP |
Payment Methods
JP Markets accepts the following payment methods:
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. See our list of brokers that accept PayPal for alternatives.
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 in the UK?
No, JP Markets is unfortunately not regulated by the FCA here in the UK. See our list of FCA regulated brokers for alternatives
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 alternatives.
Compare JP Markets with Other Brokers
These brokers are the most similar to JP Markets:
- FP Markets - FP Markets is an ASIC- and CySEC-regulated broker that offers forex and CFD trading on a broad range of assets through the MT4, MT5 and IRESS platforms. With trading available through standard and raw spread accounts on thousands of international stocks, forex, indices, commodities, cryptocurrencies, bonds and ETFs, this broker has some of the most comprehensive market coverage available. FP Markets also offers a full range of additional features, including educational resources and access to powerful software such as Autochartist.
- Pepperstone - Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for traders at all levels.
- IG Index - Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
JP Markets Feature Comparison
JP Markets | FP Markets | Pepperstone | IG Index | |
---|---|---|---|---|
Rating | 1.5 | 4 | 4.8 | 4.4 |
Markets | Forex, Stocks, Commodities, Crypto | Forex, Stocks, Commodities, Crypto | Forex, Stocks, Commodities, Crypto | Forex, Stocks, Commodities |
Minimum Deposit | $0 | $100 | $0 | $0 |
Minimum Trade | 0.01 Lots | 0.01 Lots | 0.01 Lots | 0.01 Lots |
Demo Account | Yes | Yes | Yes | Yes |
Regulators | FSB | ASIC, CySEC, ESMA | FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB | FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA |
Bonus | - | - | - | - |
Education | No | Yes | Yes | Yes |
Platforms | MT4 | MT4, MT5, cTrader | MT4, MT5, cTrader | MT4 |
Leverage | 1:400 | 1:30 (UK), 1:500 (Global) | 1:30 (Retail), 1:500 (Pro) | 1:30 (Retail), 1:222 (Pro) |
Visit | ||||
Review | JP Markets Review |
FP Markets Review |
Pepperstone Review |
IG Index Review |
Trading Instruments Comparison
JP Markets | FP Markets | Pepperstone | IG Index | |
---|---|---|---|---|
CFD | Yes | Yes | Yes | Yes |
Forex | Yes | Yes | Yes | Yes |
Stocks | Yes | Yes | Yes | Yes |
Crypto | Yes | Yes | Yes | No |
Commodities | Yes | Yes | Yes | Yes |
Oil | No | Yes | Yes | Yes |
Gold | Yes | Yes | Yes | Yes |
Copper | No | Yes | Yes | Yes |
Silver | No | Yes | Yes | Yes |
Corn | No | Yes | Yes | No |
Futures | No | Yes | No | Yes |
Options | No | No | No | Yes |
ETFs | No | Yes | Yes | Yes |
Bonds | No | Yes | No | Yes |
Warrants | No | No | No | Yes |
Spreadbetting | No | No | Yes | Yes |
Volatility Index | No | Yes | Yes | Yes |
JP Markets vs Other Brokers
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