jp markets review


Cryptocurrencies: YES

Minimum Deposit: R3000

Maximum Leverage: 1:500

Spreads: Low

My Score: 2.2

JP Markets is a global Forex broker. JP Market is becoming increasingly popular around the world. The broker established in 2016 and has its base in South Africa. JP Markets and its branches have been established in the South African cities of Johannesburg, Polokwane, Bloemfontein, Cape Town and Pretoria, as well as an international presence in Swaziland, Kenya, Pakistan and Bangladesh.

When I look at their website,, 30% of visitors are from South Africa. The company’s focus is on helping traders on a local level, providing clients with the personalized customer service and tools required for them to succeed in a fast-paced and exciting industry that can make them very wealthy.

JP Markets’ vision is to play an instrumental role in the creation of at least 30 African-owned forex brokerages across Africa by 2020 and assist in the creation of 500 forex millionaires in the next 10 years.

Is JP Markets scam or safe broker? Is JP Markets regulated? Is JP Markets ECN or STP? What is the JP Markets minimum deposit? Is JP Markets suspended?

In this JP Markets review, I will introduce all details about the broker. If you are wondering about JP Markets minimum deposit, account types, regulation, spreads, leverage, JP Markets minimum withdrawal, platforms and bonuses, you are in the right place to find them all.

What is JP Markets?

JP Markets is an international online broker that started operations in 2016. Although the company has been in business for several years, it has communicated with a wide customer base. It started out as a small company with a small office and several employees, but today it has offices in various countries of the world.

It was founded by a local entrepreneur who comprehensively understands international financial markets. JP Markets tries to establish long-term relationships and offers trading opportunities to local and global investors.

JP Markets has a base in South Africa, in many countries, with operations that offer innovative opportunities in the trading of Forex, metal and other instruments on an STP basis. JP Markets has set the vision to create at least 30 forex brokers in Africa by 2020 and to help create 500 African forex millionaires in the next 10 years.

Is JP Markets Suspended?

South Africa, one of the most developed countries in Africa, has a substantial financial market potential. JP Markets also wants to be considered as a reliable broker in this market in order to gain a place in this market. The regulator is not one of the most reputable in the world, but it still has a certain level of reliability.

Subject to a qualified standard of how the broker operates, customers are protected by regulatory obligations that maintain trade security as well as other security rules related to money management and market integration.

In simple terms, legal obligations, which are subject to a qualified standard on how the broker works, serve the trade conditions, as well as maintaining a number of other security rules specifically for money management and market integration. Thus, there is negative balance protection, while merchants segregation provides the highest level of security, it is accompanied by the protection of the interests of all customers.

There is a question that worries the clients about the broker: Is JP Markets license suspended? The answer is yes. FSB suspended the license. It means that you have to be careful if you want to open an account with this broker.

JP Markets Account Types, Spreads and Leverage

JP Markets offers its clients two account types. These are STP standart account and ECN account.

The standard account has variable spreads, no commission fees, STP (Straight through Processing) market execution and leverage up to 1:500. JP Markets’ leverage can be considered high. But do not forget that higher leverage comes higher risks of losses. There is also PAMM services. JP Markets does not have a strict minimum deposit. However, the recommend minimum deposit for JP Markets is around R3 000, particularly if you require training.

There is also ECN (Electronic Communications Network) account. Traders benefit from lower spreads, but this account type charges as trades are executed. eg. spreads will reflect a charge of 1 pip on the platform and then a “commission” of $10 per standard lot on execution.

An ECN account stands for the electronic communication network. It means that your orders are executed directly in the market.

What is the difference between ECN and STP JP Markets Accounts?

The difference between ECN and STP jp markets is on the ECN account there is a commission per transaction whereas on a standard account you will be charged on spread. Both accounts work out to similar in cost so it is all dependent on what you as a trader prefer.

However, JP Markets offers average spreads in the market. On average you can get EUR/USD for about 2 pips. I think JP Markets’ spreads are little higher compared to the other brokers.

Account Type Minimum Deposit Spreads Leverage Minimum Trade Size
STP R3,000 2 pips on EUR/USD
1:500 0.01
ECN R3,000 1 pip + $10 com. per lot 1:500 0.01

Trading Platforms

JP Markets MT4 (MetaTrader 4) is available as a trading platform. The MT4 is still preferred by most brokers and experienced traders. JP Markets’ platform features advanced charting package, trading and analysis tools, alerts, signals, and customizable indicators. MT4 allows you to see the marketplace you are dealing with.

You can use JP Markets login to enter your MT4 account and start trading. It is at the top right of the site called JP Markets client login. If you are a partner of the company you will enter as a partner near the client login.

Trading Products

You can trade up to 30 forex pairs, other CFDs, gold, stock indices and oil on the site, which uses the MT4 (MetaTrader 4) platform. There is no other option.

You can enter and trade the markets manually or automatically with Copy Trader or Copy Master accounts. This means that with just a simple order copy, you can profit from the main accounts and the transaction without any information or deduction. Or, as a Master Trader, to gain extra exposure to the markets and management of larger capitals.

jp markets minimum deposit

Customer Services

The broker has live chat but it was offline when I try to reach.  JP Markets’ contact details: Black River Office Park 2 fir street Observatory, Cape Town Gatehouse Building, 2nd Floor.

Investors need to be sure that the broker they choose will provide support and assistance as needed, to help them easily find the exact answers to their customers’ questions and provide them with the best user experience. Phone call, e-mail, online chat and Whatsapp are the options.

What are JP Markets Fees?

JP Markets Spreads are variable and worse than many forex firms in the market. It is about 2 pips for the average EUR / USD STP account. As I mentioned earlier, the ECN account has a $ 10 commission per lot, which is a better option for professionals, but can be used for anyone as a reference.

This spread determined for EUR / USD is quite high. There are many forex brokers that offer lower rates. JP Markets fees seem to be unfavorable in this respect. So, there is no lucrative side to opening an account and trading.

What is the Minimum Deposit For JP Markets?

JP Markets minimum deposit is R3,000 which is around $200. It is high when we compare to the other forex brokers. The average minimum deposit is $ 100 in forex market, while JP Markets requires twice that.

JP Markets withdrawal and deposit methods are limited.  The broker does not offer a wide range of deposit options. JP Markets’ offers the possibility to send withdrawal requests via WhatsApp, which are not seen on other platforms.

Withdrawals take approximately 24 hours. Withdrawals can be made on official working days from 09:00 to 17:00. There is no possibility to withdraw money on weekends and holidays. Before making a withdrawal request, for example, scanned copies of your identity, bank statements and proof of address are required.

JP Markets Bonuses and Promotions

JP Markets offers its clients some bonuses and promotions. One of them is ‘Win a Car Competition’. There are terms and conditions you can see them on their website. The second one is JP Markets deposit bonus. It is running 15th to 31st October 2018. You can see the details on their website. The last one is JPM Card. You can be a VIP MasterCard Client by taking the card. Unfortunately, JP Markets no deposit bonus is not available. Your bonuses are earned and you receive 5 dollars per lot. E.g.: if you receive a bonus of $50, you need to trade 10 lots in order to earn the full $50 bonus which you can then withdraw.

JP Markets Deposit and Withdrawal Methods

JP Markets deposit and withdrawal methods are credit/debit cards, bank wire transfer, PayFast, Skrill, i-PAY, PayFast and Bitcoin. And you can also communicate for withdrawal via Jp Markets  WhatsApp number. You can send your request to the number on the broker’s website.


JP Markets is an South African forex broker. The broker has limited account types and does not allow scalping, hedging and EAs. And you don’t have the chance to choose trading platforms. JP Markets support only MT4 platform, making them easy to use for many traders.

JP Markets was regulated by FSB but the regulator entity suspended their license. JP Markets license has been suspended. According to what is said the broker has been trading against its clients and manipulating trades. If you have been using this broker or planning to open a trading account there I suggest you find a new reliable broker.

However, the spreads are higher than the average, and this, unfortunately, placed many restrictions on trade. There are pros and cons in the table below. I suggest you to choose better forex broker such as FXTM and XM Forex.

Latest Blog

best forex brokers in south africa

Best Forex Brokers in South Africa 2020

In this article, I will tell you about the best forex brokers in South Africa 2020. I have dealt with several criteria to select...
forex bonus

Best Forex Bonuses in 2020

I am going to show you best forex bonus opportunities according to Top Forex Broker List I made. If the name of the company...
IFSC regulated forex brokers

IFSC Regulated Forex Brokers

The International Financial Services Commission is the regulatory entity in Belize. Also known as the IFSC. It is responsible for financial regulation. It was...
opening forex trading account

How to Open A Forex Account? [Fastest and Simplest Way]

It's easy to open a forex account and trading. Almost everyone in the world today has access to internet connection. If you are reading...
forex robots

What is Forex Robot?

Now that you've read this article, you want to make money using forex robots. So, do you know what a forex robot is? A...

Jp Markets




Commissions and fees


Customer Service


Platform & Tools


Product Portfolio



  • MT4 available


  • License suspended
  • So many complaints
  • No choice of trading platforms

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


  1. Somebody opened an acc on JP markets, claiming to be legit. That was not a problem to me up until he asked me to pay many different fees, with huge amounts. I just want to are there any fees I have to pay before I get my profit. Thank you!