JP Exchange

WikiFX | 2024-10-10 11:50

摘要：JP Exchangee, launched in 2017, stands as an online platform providing a diverse range of trading services through MT5. Moreover, through its subsidiary, JP Exchangee Prime, the platform extends specialized prime brokerage services. However, there is a problem that it is not regulated well.

JP Exchange Review Summary
Founded	2017
Registered Country/Region	United Kingdom
Regulation	Unregulated
Market Instruments	Forex, indices, stock CFDs, commodities and cryptos
Demo Account	✅
Leverage	From 1:20 to 1:1000
EUR/ USD Spread	From 0.1 pips
Trading Platforms	MT5
Minimum Deposit	$100
Customer Support	24/5 Phone and email

JP Exchangee, launched in 2017, stands as an online platform providing a diverse range of trading services through MT5. Moreover, through its subsidiary, JP Exchangee Prime, the platform extends specialized prime brokerage services. However, there is a problem that it is not regulated well.

Pros and Cons

Pros	Cons
MT5 supported	Not regulated
Demo and Islamic accounts	Regional restrictions
Acceptable minimum deposit	Commissions charged
Flexible leverage ratios

Is JP Exchange Legit?

As of now, JP Exchange is functioning without the oversight of proper regulatory authorities. This lack of regulation raises significant concerns about the safety and security of the platform for its users.

What Can I Trade on JP Exchange?

JP Exchange offers forex, indices, stock CFDs, commodities and cryptos to trade.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Cryptocurrencies	✔
Stocks	✔
ETFs	❌
Bonds	❌
Mutual Funds	❌

Account Type

JP Exchange offers three of live accounts: the Standard, the ECN, and the Pro accounts, with the minimum deposits of $100, $500, and $5,000 respectively. The demo and Islamic accounts are also applicable.

Leverage

JP Exchange offers the maximum leverage for different accounts and instruments. For example, for major FX pairs, it offers up to 1000x for the Standard and the Islamic accounts, and up to 500x for the ECN and Pro accounts.

Instrument	Standard Account	ECN Account	Pro Account	Islamic Account
Major FX Pairs	Up to 1:1000	Up to 1:500		Up to 1:1000
Minor FX Pairs	Up to 1:1000	Up to 1:500		Up to 1:1000
Exotic FX Pairs	Up to 1:200
Commodities (Spot)	Up to 1:200
Stock Indices	Up to 1:200
Stock CFD	Up to 1:20
Cryptocurrency	Up to 1:20

JP Exchange Fees

In comparison to other brokerage services, JP Exchange offers lower spreads, starting from just 0.1 pips. They offer three distinct account types:

- The Standard account features spreads beginning at 1.2 pips with no commission charges.

- The ECN account provides spreads as low as 0.6 pips, along with a $10 commission per transaction.

- The Pro account type offers the tightest spreads starting at 0.1 pips and includes a $6 commission per trade.

Trading Platform

JP Exchange supports MT5 trading platform. Available on desktop, mobile, and the web, the MetaTrader 5 platform alows users to trade from any device with an internet connection. Traders can utilize analysis tools, alongside fundamental analysis features like financial news and an economic calendar.

Deposit and Withdrawal

JP Exchange supports bitcoin, Mastercard, VISA, Skrill, PayPal and NETELLER to deposit and withdraw.

Customer Service

JP Exchange offers 24/5 customer service through phone and email.

Contact Options	Details
Phone	01268 792061
Email	support@jpexchange.com
Contact Form	❌
Online Chat	❌
Social Media	❌
Supported Language	English
Website Language	English, Chinese, and Vietnamese
Physical Address	13 Castle Street, St Helier, Jersey, JE2 3BT

The Bottom Line

In conclusion, JP Exchange is a regular forex broker. It offers many trading instruments with three live, demo and Islamic accounts through the MT5 trading platform. It also offers flexible leverage ratios nd acceptable minimum deposits. However, it is noted that it has no regulation and they do not offers services for any residents.