JP Markets vs Global Prime

JP Markets or Global Prime – which is better for UK traders 2024? Compare JP Markets and Global Prime in this detailed breakdown of their platforms, features and fees.

JP Markets vs Global Prime Comparison Table 2024

JP Markets	Global Prime
1.5	3.8
JP Markets is ranked #97 among CFD brokers.	Global Prime is ranked #69 among CFD brokers.
Review	Review
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.	Global Prime is a multi-regulated trading broker offering 150+ markets. Traders can get started with a $200 minimum deposit and trade with leverage up to 1:100. The firm also has a high trust score and a good reputation with a license from the ASIC.
Pros
A wide selection of 5000 instruments spanning stocks, forex, indices, commodities and cryptos No fees on deposits or withdrawals plus a breadth of local payment methods for South African clients Range of ECN or STP account types with ZAR, USD and GBP base currencies Decent demo account for beginners with flexible leverage Same-day deposits and withdrawals Free forex courses and webinars WhatsApp customer support MetaTrader 4 integration	Full range of investments with 150+ assets including crypto Low latency with execution speeds from 10ms Wide range of deposit options with zero fees Segregated client funds 24/7 customer support $0 minimum deposit Trade receipts ECN account VPS
Cons
Higher trading fees than many brokers with wide spreads and a $10 commission per lot Scalping, hedging and automated trading not permitted Mainly aimed at South African clients Lack of transparency on the website No MetaTrader 5 software Some customer complaints Outdated blogs	Clients from US and Canada are not accepted Narrow range of account options No MetaTrader 5 integration
Awards
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
FCA Regulated
No List of FCA Regulated Brokers	No List of FCA Regulated Brokers
Instruments
Forex CFDs, indices, stocks, commodities, cryptocurrencies	Forex, indices, commodities, cryptocurrencies, shares, bonds
Demo Account
Yes	Yes
Minimum Deposit
$0	A$200
Payment Methods
Credit Cards Skrill	Credit Cards FasaPay Mastercard Neteller PayPal Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
FSB	ASIC, VFSC, FSA
Mobile Apps
Yes	iOS & Android
iOS App Rating
Android App Rating
Margin Trading
No	Yes
MetaTrader 4
Yes	Yes
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	Yes
Autochartist
No	Yes
eSignal
No	No
Trading Central
No	No
STP Account
No	Yes
ECN Account
Yes	Yes
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	Yes
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	No
Auto Trading
	Yes
Copy Trading
No	Yes
Copy Trading Platform
	Interact with and copy the trades of experienced investors with Global Prime's exclusive copy trading service. Over 40 different setups can be copied on the popular Myfxbook Autotrade platform.
Social Trading
No	Yes
Trade Signals
No
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
No	No
Account Currencies
	USD EUR GBP CAD AUD SGD
Commodities
Gold	Gold Copper Oil
CFD
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.	Global Prime offers CFD trading opportunities on 150+ global markets including forex, indices, commodities, cryptocurrencies and bonds. Spreads are tight with a raw ECN account available starting from zero.
Leverage
1:400	1:200
FTSE Spread
19 pips	0.84
GBPUSD Spread<
2.4 pips	0.64
Oil Spread
10 pips	1.6
Stocks Spread
From 0.7 pips	Variable
Forex
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.	Global Prime traders can access 48 forex pairs including majors, minors and exotics with tight spreads from 0.9 with no commission or from 0 with a $7 round turn. Forex is traded via the leading MT4 platform, micro lots are available and latency is low via a New York-based server.
Assets
30	48
GBPUSD Spread
2.4 pips	0.75
EURUSD Spread
2 pips	0.16
EURGBP Spread
2.4 pips	0.85
Cryptocurrency
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.	Global Prime crypto CFDs cover a good range of 35 tokens with impressive commissions of 0.1% and leverage available in some jurisdictions. The tokens include Bitcoin, Ethereum and other popular choices as well as smaller tokens like Sandbox and Avalanche.
Spread
Variable	Floating
Coins
BTC LTC ETH XRP	BTC BCH LTC ETH XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
JP Markets	Global Prime
Review	Review
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