JP Markets Forex Broker

JP MarketsReview SummaryFounded2016Registered Country/RegionSouth AfricaRegulationFSCA (Exceeded)Market Instrumentsforex, stocks, indices, commoditiesDemo Account/LeverageUp to 1:2000Spreadfrom 0.5 pipsTrading PlatformMT5Minimum DepositR100Customer SupportLive chat, Contact form, 24/5 customer supportTel:+27 21 045 1333Email:support@jpmarkets.co.zaAddress: No.4 Century Falls Road, Century City, Cape Town, 7441Facebook, X, Instagram, LinkedIn, WhatsApp, YouTube, TiktokRegional RestrictionsOnly offers services in South Africa, Namibia, Swaziland and LesothoJP 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 ConsPros Cons Live chat supportNo MT4 platformVarious contact channelsWith regional restrictionsMT5 platformLicense exceededIslamic account availableFive types of payment optionsVarious account choicesIs JP Markets Legit? Yes. JP Markets is licensed by FSCA with license number 46855 offering services.Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.Financial Sector Conduct Authority (FSCA)ExceededJP MARKETS SA (PTY) LTDFinancial Service Corporate46855What 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 TypeMinimum DepositCurrencyVIPR5000USD ZARJPM Micro 300R100USD ZARPremiumR100USD ZARIslamicR100USD ZARZero Stop-OutR100USD ZARJPM Bonus 300R100USD ZAR25% Drawdown BonusR100USD ZARLeverage JP Markets offers flexible leverage options, varying by account type. However, high leverage can amplify both profits and losses.Account TypeMaximum LeverageVIP1:500JPM Micro 3001:500Premium1:2000Islamic1:500Zero Stop-Out1:500JPM Bonus 3001:50025% Drawdown Bonus1:500JP Markets FeesAccount TypeCommissionsSpreadsVIP$3From 0.5 pipsJPM Micro 300NoFrom 3 pipsPremiumNoFrom 1 pipsIslamicNoFrom 1.5 pipsZero Stop-OutNoFrom 3 pipsJPM Bonus 300NoFrom 2 pips25% Drawdown BonusNoFrom 2 pipsTrading PlatformTrading PlatformSupported Available Devices Suitable for MT5✔PC, Web, MobileExperienced traderMT4❌/BeginnersDeposit 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.