JP Exchange Forex Broker

JP Exchange Review Summary Founded2017 Registered Country/RegionUnited Kingdom RegulationUnregulated Market InstrumentsForex, indices, stock CFDs, commodities and cryptos Demo Account✅ LeverageFrom 1:20 to 1:1000 EUR/ USD SpreadFrom 0.1 pips Trading PlatformsMT5 Minimum Deposit$100 Customer Support24/5 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 ProsCons MT5 supportedNot regulated Demo and Islamic accountsRegional restrictions Acceptable minimum depositCommissions charged Flexible leverage ratiosIs 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 InstrumentsSupported 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. InstrumentStandard AccountECN AccountPro AccountIslamic Account Major FX PairsUp to 1:1000Up to 1:500Up to 1:1000 Minor FX PairsUp to 1:1000Up to 1:500Up to 1:1000 Exotic FX PairsUp to 1:200 Commodities (Spot)Up to 1:200 Stock IndicesUp to 1:200 Stock CFDUp to 1:20 CryptocurrencyUp to 1:20JP 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 OptionsDetails Phone01268 792061 Emailsupport@jpexchange.com Contact Form❌ Online Chat❌ Social Media❌ Supported LanguageEnglish Website LanguageEnglish, Chinese, and Vietnamese Physical Address13 Castle Street, St Helier, Jersey, JE2 3BTThe 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.FAQs Is JP Exchange good for day trading? Yes. What security measures does JP Exchange have in place to protect my funds and personal information? It claims it implements robust account protection measures to safeguard against unauthorized access and fraudulent activities. At JP Exchange, are there any regional restrictions for traders? Yes. It does not provides services for the residents of United States, Canada, Israel and Islamic Republic of Iran.