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.

The broker’s 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? How can you open live account jp markets? 

In this JP Markets review, I will introduce all details about the broker. If you are wondering about JP Markets minimum deposit, Jp Markets 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.

jp markets 1

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

The broker 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. The broker has set the vision to create at least 30 forex brokers in Africa by 2023 and to help create 500 African forex millionaires in the next 10 years.

Who is the Founder?

JP Markets founder Justin Paulsen is a South African economist who loves to deal with international finance. He studied Economics and Finance at the University of Cape Town Then he dived into the private banking sector. He became a leader in South African forex brokerage. He worked with Traders, Hedge Fund Managers, Asset Managers, Portfolio Managers, and Forex Traders. This is how JP Markets emerged.

He thought he could do this and he started his own business, he initially started JP Forex Investments, he passed RE5 AND RE1 exams. And all these things created Jp Markets at the end.

Account Types, Spreads, and Leverage

The broker offers its clients two account types. These are Jp Markets STP Standart account and the Jp Markets ECN account. However, before proceeding with the Jp Markets real account you can start with the Jp Markets demo account just to get a sense of whether it’ll be worth it or not.

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

There is also Jp Markets 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 the spread. Both accounts work out similarly 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 a 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. The broker’s platform features an 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 the broker 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

What are the Fees?

The broker 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. The broker 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?

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

The broker 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

The broker offers its clients some bonuses and promotions. One of them is ‘%200 Deposit Bonus’ aka Jp markets welcome bonus. There are terms and conditions you can see on their website. The second one is earning interest. The interest rate of approx. 7.2% per annum allocated weekly, means you’re earning interest like a savings account. 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, the broker 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.

Deposit and Withdrawal Methods

JP Markets deposits are credit/debit cards, bank wire transfers, PayFast, Skrill, i-PAY, PayFast.


Withdrawals on the broker are now quick and easy, available to you through the client portal. This is the fastest way to submit a withdrawal.

Is JP Markets Suspended?

South Africa, one of the most developed countries in Africa, has substantial financial market potential. The broker 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 and no. FSB suspended the license earlier but it’s been reissued recently. It means that you have to be careful if you want to open an account with this broker.

Customer Services

How JP Markets Complaints is dealt with? In the unlikely event of you having any reason to feel dissatisfied with any aspect of their services, in the first instance, you should contact their Jp Markets Customer Services Department on +27(0) 87 828 0576 or email, as the vast majority of complaints can be dealt with at this level.

If Customer Services is unable to resolve the matter you may refer to it as a complaint to Jp Markets Compliance Department. Please set out the complaint clearly, ideally in writing. The Compliance Department will carry out an impartial review of the complaint with a view to understanding what did or did not happen and to assess whether they have acted fairly within their rights and have met their contractual and other obligations. A full written response will be provided with six weeks of receiving the complaint.

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

What is Jp Markets WhatsApp number? As of now, you can contact them at +27 71 559 9457 via Whatsapp.
What is Jp Markets Office Telephone Number? Their tel number is +27 010 590 1250
What is Jp Markets Email Address? It is
What is Jp Markets Facebook Page? Its link is

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 calls, e-mail, online chat, and Whatsapp are the options.

If you’re unsure about their reliability go ahead and try to contact them through the channels I mentioned above. Maybe you can act like an old client of them at first since some companies take better care when it comes to a new client or a prospect. In the end, you can take everything into consideration when deciding whether you invest with them or not.

Conclusion of JP Markets’ Review

The broker is a 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. The broker support only the MT4 platform, making them easy to use for many traders.

The broker was regulated by FSB but the regulator entity suspended their license earlier due to miscommunication as their CEO says. JP Markets license has been reissued.

Although they have a valid license now, I suggest you consider investing in there wisely since suspensions occur frequently in this market. On the upside, they have various awards, I attach their screenshots below

Jp Markets Awards

If you wanna try and check them out, you can reach Jp Markets Login Page by clicking the button below. Hope you informed of this review.

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Jp Markets




Commissions and fees


Customer Service


Platform & Tools


Product Portfolio



  • MT4 available


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

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  1. Hi there,

    This information makes me very worried, because we as clients can not withdraw currently as JPmarkets license has been suspended. Is there a possibility that JPmarkets can collapse and worst case scenario that we cannot get our funds at all? All am worried abt, is safety of our funds deposited to the broker.

  2. Jp market was the best broker I ever seen before they lose their license I hope they get it back and everything start to be like before… I have seen the comments down below but it wasn’t the jp market I used to know I sincerely wish you the best to get another license they were the best broker in South Africa

  3. 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!