JP Holdings Forex Broker

General Information According to the website, JP Holdings Ltd claims to be a fully regulated broker established in 2004 in the UK. Regulatory Risk We checked the Financial Conduct Authority (FCA) and found out that JP Holdings is not only a non-registered broker but it is a clone of a legit company and does not have a permit or a license to operate in the UK. In addition, another regulator CNMV, the Spanish National Securities Market Commission has also issued a warning that JP Holdings is unauthorized to provide investment services. This is enough proof that you should stay as far away as possible from this scammer. Accounts JP Holdings provided two account types for investors: Innovative Liquidity Connector and X Leverage. Also, the broker notes that they accept Individual / Joint and Corporate accounts. However, depending on the type of account the client is opening, they may also need to see additional documentation for proof of identity purposes. Leverage The leverage for the Innovative Liquidity Connector account is 1:100 whereas for the X Leverage account it is 1:400. This is another proof that JP Holdings is a scammer as licensed brokers in the UK have capped leverage of 1:30. This is another measure to protect clients funds by preventing from engaging in risky and reckless transactions where the high leverage amplifies the scope of financial loss. Spreads We found that the spreads on the website are floating. And JP Holdings only states that the spread for the Innovative Liquidity Connector account starts from 0.0 pips. Trading Platforms JP Holdings offers a variety of trading software judging by the information on its website, which includes MetaTrader 4, MetaTrader 5, cTrader and Currenex. Among them, MT4 and MT5 are the most popular among forex brokers which is largely due to the excellent package of trading tools and instruments these two platforms are equipped with. Payment Methods At JP Holdings, there is no information on the companys website regarding deposit and withdrawal payment methods nor is mentioned the minimum withdrawal amount. Such information is very important to the clients as it affects their funds and should not be omitted. Contact Information According to the website, users can contact JP Holdings for inquiries through a variety of channels, including Facebook, Twitter and Linkedin. Also, they can contact the broker via support@jpholdings.uk, as well as the hotline: + 44 120 571 6325 (Europe). Address: 60 Sackville St, Manchester M1 3WE, UK.