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Broker Summary
What Wikilix has recorded about JP Markets: its history, the licences it holds, its trading conditions and its fees.
Introduction and Overview
Operating as a trading broker, JP Markets primarily provides financial services to clients interested in trading Forex (Foreign Exchange) and CFDs (Contracts for Difference). The company began operations in 2016 and is based in Johannesburg, South Africa. As a trading broker, JP Markets has established itself as an Over-The-Counter (OTC) derivatives provider for clients in the South African market. Although the information available on the official website is limited, JP Markets has been recognized by several third-party sources as a licensed entity under South African government regulations.
The following article provides a thorough review of JB Markets. This includes an overview of the company's history, regulatory compliance, trading conditions, fee structures, and market reputation. Due to the limited information available on the company's website, we will rely on verified references from external sources to support the establishment of a balanced and professional profile of the broker.
A Brief History of JP Markets
JP Markets was formed in 2016 as a private limited liability company (Pty) Limited in Johannesburg, South Africa. JP Markets' primary focus is on Forex (Foreign Exchange) and CFD trading instruments. As a local broker, JP Markets serves the unique needs of South African traders by offering the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are among the most widely used among retail traders worldwide.
Although JP Markets has operated in the South African market for several years, it remains relatively unknown in the online trading community, with limited information available on its official website. Third-party review sites and regulatory filings have identified JP Markets as in compliance with the regulatory requirements set by the government of South Africa for operating a licensed trading broker.
What Makes JP Markets Special
JP Markets provides trading services in a broad range of financial instruments. Primarily, it specializes in Forex currency pairs, CFDs (contracts for differences), and indices. Traders using JP Markets have access to the MT4 and MT5 trading platforms, which offer advanced charting capabilities, automated trading options, and an overall user-friendly experience.
Specific information regarding the different account types, available leverage levels, and minimum deposit amounts required to open a trading account is not currently available on JP Markets' official website; however, JP Markets offers competitive trading conditions designed for the South African market. The nature of OTC derivatives allows traders at JP Markets to trade on a flexible schedule, using multiple assets at different times.
Regulatory Status of JP Markets
Regulatory compliance is one of the most significant aspects to consider when selecting a trading broker. JP Markets is licensed as a Financial Services Provider (FSP No: 46855) by the Financial Sector Conduct Authority (FSCA) of South Africa and is subject to the regulatory requirements imposed on licensed financial services providers in South Africa. The following chart provides a summary of the regulatory status of JP Markets based on information gathered from external sources:
Regulator | License Number | Status |
|---|---|---|
Financial Sector Conduct Authority (FSCA), South Africa | FSP No. 46855 | Licensed and Regulated |
It is essential to understand that although regulatory documents and compliance information are not available through the official website, the approved status of JP Markets can be confirmed through the FSCA registry and government announcements.
Trading Conditions and Platform Technology
JP Markets provides traders with access to the industry's most trusted and up-to-date trading platforms, including MetaTrader 4 and MetaTrader 5. As a result of their long-standing reputation, traders have access to many tools, including real-time quotes, technical analysis tools, expert advisors for automating trades, and the ability to use their trading accounts on multiple devices.
The official website does not contain any extensive information about the specific trading conditions involved in using JP Markets, such as how high a spread or leverage ($) you can expect to receive, or what the minimum deposit requirement might be. However, based on other third-party sources, JP Markets offers very competitive spreads, leverage levels, and minimum deposit requirements, and follows practices very similar to what you would expect from companies regulated by South African authorities.
Feature | Description |
|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
Instruments | Forex, CFDs, Indices |
Leverage | Subject to FSCA regulations (exact figures not disclosed) |
Minimum Deposit | Not publicly specified |
Spreads | Competitive, variable (exact figures not disclosed) |
Fee Structure
Information regarding JP Markets’ fee structure, including deposit and withdrawal fees, commissions, and other trading costs, is not available on the official website. This lack of transparency is a notable limitation for potential clients seeking detailed cost breakdowns before opening an account.
Based on third-party reviews, it is suggested that JP Markets operates with typical industry fee models, including spreads and possible commissions on certain account types or instruments. However, without official confirmation, traders are advised to contact JP Markets directly for precise fee information.
Fee Type | Details |
|---|---|
Deposit Fees | Not disclosed on official site |
Withdrawal Fees | Not disclosed on official site |
Commission | Not disclosed on official site |
Spreads | Variable, competitive (unconfirmed) |
User Experience and Market Reputation
The South African trading community has a wide range of evaluations of JP Markets, primarily because its official website lacks credible, available, complete, and transparent information about JP Markets. JP Markets is also licensed by the FSCA, which adds to potential traders' trust and regulatory security.
All available client reviews of JP Markets confirm that clients have had access to trade on multiple popular platforms and a comprehensive list of available trading instruments, regardless of skill level (amateur or expert). Because of the lack of extensive online resources and clarity about the fees associated with JP Markets, potential new clients may be unable to determine whether JP Markets is appropriate for their trading needs.
Recent Developments
JP Markets had no notable recent developments, new products, or other company announcements publicly made or listed on its website. Consequently, only company records filed in compliance with the Governments of South Africa can document that JP Markets SA (Pty) Ltd is continuing to comply with the notification's requirements of regulatory notice boards in South Africa under the "South African Financial Services Law.
Therefore, all traders, or those considering trading with JP Markets, should always check compliance information on regulatory notice boards and other reputable sources of financial information in South Africa.
Summary
JP Markets is a South African-based, regulatory-licensed trading company founded in 2016 to offer clients access to both the Foreign Exchange (Forex) and Contracts for Difference (CFD) markets via the most popular trading platforms:
MT4 and MT5. The validity of JP Markets' regulatory license supports its legitimacy as a company; however, as noted above, for traders to evaluate overall trading conditions, fees charged by JP Markets, and client support, a minimum level of transparency and detailed disclosure is necessary. Potential traders considering trading with JP Markets should directly contact the broker to request detailed information on available accounts and confirm JP Markets' regulatory standing through its FSCA certification.
To make informed trading decisions, the level of transparency and detail in evaluating a financial service provider is essential; therefore, the current level of transparency and detailed disclosures from JP Markets leaves the reader with room for improvement.
Regulation check
Regulatory Licenses
We have not confirmed any regulation for JP Markets. Money deposited with an unregulated broker is protected only by the company itself.
No regulation
Trading with an unregulated broker puts your deposit at risk.
No regulation
We have not confirmed any regulation for JP Markets. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
- No compensation scheme covers your funds.
- No regulator to escalate a complaint to.
- No audit of how client money is held.
Trading accounts
Account Types
6 account types on record. Minimum deposit from ZAR 100. Leverage up to 1:2000.
6 account types
| Account | Min Deposit | Max Leverage | Commission |
|---|---|---|---|
| MicroCent | ZAR 100 | 1:1 | Not specified |
| MicroCent | ZAR 100 | 1:1 | Not specified |
| ZeroECN | USD 100 | 1:500 | No Commission |
| IslamicSwap-Free | USD 100 | 1:500 | No Commission |
| PremiumVIP | USD 100 | 1:2000 | No Commission |
| VIP | USD 5,000 | 1:500 | 3 USD Per Lot |
Deposits & withdrawals
Funding Methods
7 ways to fund an account. 4 credit instantly.
7 methods
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
Bank Transfer (Local)Bank TransferWithdrawals can be made back to original bank accounts; withdrawals require Finance Department security review and are processed during business hours (Mon-Fri 09:00-17:00 SAST). | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Not recorded |
Bank Transfer (International/Wire)Wire TransferWithdrawals require login and submission of withdrawal request; processed by Finance Department with security checks during business hours. | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Not recorded |
| VisaCredit Card1 | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Instant |
| MastercardCredit Card1 | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Instant |
SkrillE-WalletWithdrawals require login and Finance Department security review; deposits processed instantly from JP Markets side. | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Instant |
Mobile Money / Instant EFT / Local Payment MethodsOtherWithdrawals processed during business hours with Finance Department review; deposits processed instantly from JP Markets side. | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Instant |
CryptocurrencyCryptocurrencyWithdrawals require identity verification and Finance Department review; deposits processed instantly from JP Markets side but provider delays possible. | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Not recorded |
Broker's notes on these methods
- Deposits processed instantly from JP Markets side; withdrawals require Finance Department review and are processed during business hours. · applies to 2 methods
Trading software
Trading Platforms
One trading platform on record: MetaTrader 5.
1 platform
Peer comparison
Brokers worth comparing
3 other brokers on the record share what JP Markets offers — its country, regulator, account types or platforms — set beside it on the same measures.
3 peers
JP Markets
This recordSouth Africa · since 2016· JP Markets SA (Pty) LtdWikilix score 42.0RegulationNo RegulationMax leverage1:2000Platforms1LicencesNot recordedLOYAL PRIMUS
South Africa· Loyal Primus (Pty) LtdWikilix score 42.0RegulationRegulatedFSCAMax leverage1:2000Platforms2Licences1KATOPRIME
Hong Kong · since 2021· Kato Prime LimitedWikilix score 42.0RegulationNo RegulationMax leverage1:500Platforms2LicencesNot recordedOrient Financial Brokers
United Arab Emirates · since 1994· Orient Financial Brokers LLCWikilix score 42.0RegulationRegulatedSCAMax leverage1:500Platforms1Licences1
Frequently Asked Questions
Frequently Asked Questions
Common questions about JP Markets
Most Popular Questions
JP Markets is regulated in South Africa and primarily serves clients in South Africa and many emerging markets globally. However, it prohibits clients from North Korea and other UN-sanctioned countries, in line with regulatory requirements.
JP Markets offers leverage up to 2000:1 according to some broker review sources, though other summaries mention up to 1:500. The exact leverage available may depend on the account type and regulatory restrictions.
JP Markets offers trading in forex, CFDs, and cryptocurrencies. The broker provides access to various instruments including bonds, stocks, funds, and derivatives under its regulated financial instruments.
Yes, withdrawals from JP Markets require identity verification and a security review by the Finance Department. This process is conducted during business hours to ensure compliance with regulatory and security standards.
JP Markets supports various funding methods including local and international bank transfers, Visa and Mastercard credit/debit cards, Skrill e-wallet, mobile money, Instant EFT, and cryptocurrency. Deposits are generally processed instantly, while withdrawals require a security review by the Finance Department and are processed during business hours.
JP Markets SA (Pty) Ltd is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa. The FSCA is a government-regulated body with a high transparency level and client fund insurance up to ZAR 500,000. The broker operates under an onshore license and follows regulatory standards applicable to retail clients.
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