KLMFX vs JP Markets

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

KLMFX vs JP Markets Comparison Table 2024

KLMFX	JP Markets
Not Rated	1.5
KLMFX is ranked #97 among CFD brokers.	JP Markets is ranked #97 among CFD brokers.
Review	Review
KLMFX offers traditional assets and markets on the MetaTrader 5 platform.	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.
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
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aimed at South African clients Lack of transparency on the website No MetaTrader 5 software Some customer complaints Outdated blogs
Awards
Best Broker for Experience and Technology 2015 Best Broker for Customer Service 2015 Best Broker for Analysis and Reports 2014	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, stocks, indices, commodities	Forex CFDs, indices, stocks, commodities, cryptocurrencies
Demo Account
Yes	Yes
Minimum Deposit
$250	$0
Payment Methods
Credit Cards Neteller Skrill Visa	Credit Cards Skrill
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
	FSB
Mobile Apps
Yes	Yes
iOS App Rating
Android App Rating
Margin Trading
No	No
MetaTrader 4
No	Yes
MetaTrader 5
Yes	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	No
ECN Account
No	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	No
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	No
Auto Trading
Yes
Copy Trading
No	No
Social Trading
No	No
Trade Signals
Yes	No
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
Yes	No
Commodities
Gold Silver	Gold
CFD
CFD products with 1:800 leverage is offered.	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
1:800	1:400
FTSE Spread
1.2	19 pips
GBPUSD Spread<
2.4	2.4 pips
Oil Spread
0.3	10 pips
Stocks Spread
Variable	From 0.7 pips
Forex
KLMFX offers online currency trading on majors, minors and exotics.	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.
Assets
44	30
GBPUSD Spread
2.4	2.4 pips
EURUSD Spread
1.5	2 pips
EURGBP Spread
2.5	2.4 pips
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.
Spread
	Variable
Coins
	BTC LTC ETH XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
KLMFX	JP Markets
Review	Review
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