JP Markets -Overview of Minimum Deposit, Spreads & Leverage

WikiFX | 2024-02-05 21:12

摘要：JP Markets was registered in South Africa, offering trading on forex, stocks, indices, commodities with leverage up to 1:2000 and spread from 0.5 pips on MT5. The minimum deposit requirement is R100. However, it does not provide services for residents in certain areas.

JP MarketsReview Summary
Founded	2016
Registered Country/Region	South Africa
Regulation	FSCA (Exceeded)
Market Instruments	forex, stocks, indices, commodities
Demo Account	/
Leverage	Up to 1:2000
Spread	from 0.5 pips
Trading Platform	MT5
Minimum Deposit	R100
Customer Support	Live chat, Contact form, 24/5 customer support
	Tel:+27 21 045 1333
	Email:support@jpmarkets.co.za
	Address: No.4 Century Falls Road, Century City, Cape Town, 7441
	Facebook, X, Instagram, LinkedIn, WhatsApp, YouTube, Tiktok
Regional Restrictions	Only offers services in South Africa, Namibia, Swaziland and Lesotho

JP Markets Information

JP Markets was registered in South Africa, offering trading on forex, stocks, indices, commodities with leverage up to 1:2000 and spread from 0.5 pips on MT5. The minimum deposit requirement is R100. However, it does not provide services for residents in certain areas.

Pros and Cons

Pros	Cons
Live chat support	No MT4 platform
Various contact channels	With regional restrictions
MT5 platform	License exceeded
Islamic account available
Five types of payment options
Various account choices

Is JP Markets Legit?

Yes. JP Markets is licensed by FSCA with license number 46855 offering services.

Regulated Country	Regulator	Current Status	Regulated Entity	License Type	License No.
	Financial Sector Conduct Authority (FSCA)	Exceeded	JP MARKETS SA (PTY) LTD	Financial Service Corporate	46855

What Can I Trade on JP Markets?

JP Markets offers trading on forex, stocks, indices, commodities.

Tradable Instruments	Supported
Forex	✔
Stocks	✔
Indices	✔
Commodities	✔
Bonds	❌
Cryptos	❌
Futures	❌
Options	❌
ETFs	❌

Account Type

JP Markets offers VIP accounts, JPM Micro 300 accounts, Premium accounts, Zero Stop-Out accounts, JPM Bonus 300 accounts and 25% Drawdown Bonus account. Besides, it also offers an Islamic Account.

Account Type	Minimum Deposit	Currency
VIP	R5000	USD ZAR
JPM Micro 300	R100	USD ZAR
Premium	R100	USD ZAR
Islamic	R100	USD ZAR
Zero Stop-Out	R100	USD ZAR
JPM Bonus 300	R100	USD ZAR
25% Drawdown Bonus	R100	USD ZAR

Leverage

JP Markets offers flexible leverage options, varying by account type. However, high leverage can amplify both profits and losses.

Account Type	Maximum Leverage
VIP	1:500
JPM Micro 300	1:500
Premium	1:2000
Islamic	1:500
Zero Stop-Out	1:500
JPM Bonus 300	1:500
25% Drawdown Bonus	1:500

JP Markets Fees

Account Type	Commissions	Spreads
VIP	$3	From 0.5 pips
JPM Micro 300	No	From 3 pips
Premium	No	From 1 pips
Islamic	No	From 1.5 pips
Zero Stop-Out	No	From 3 pips
JPM Bonus 300	No	From 2 pips
25% Drawdown Bonus	No	From 2 pips

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	PC, Web, Mobile	Experienced trader
MT4	❌	/	Beginners

Deposit and Withdrawal

JP Markets accepts payments like Capitec Pay, OZOW, Paystack, Skrill, Alphapo. It does not provide information on fees related to deposits and withdrawals.