Website: www.jpmarkets.co.za
Minimum Deposit: Not officially stated
Leverage: Up to 1:200 (Retail), 1:500 (Professional)
Platforms: MetaTrader 4 (MT4), JPM Mobile App
Regulation: Financial Sector Conduct Authority (FSCA), South Africa
Headquarters: Johannesburg, South Africa
Founded: 2016
Regulatory License: FSP No. 46855

Overview

JP Markets is a South African-based forex broker that launched in 2016. With a focus on transparency and trader education, it offers access to the global financial markets via CFDs on forex, indices, commodities, and shares. The company is regulated by South Africa’s FSCA and has made strides in catering to retail and professional traders alike.

Pros and Cons

Pros:

• Regulated by FSCA, South Africa
• No minimum deposit requirement
• Offers Copy Trading & JPM proprietary app
• Supports ZAR accounts with local bank funding
• Access to major, minor, and exotic forex pairs

Cons:

• Mixed online reputation due to past license suspension
• Limited customer support (no 24/7 service)
• Spreads slightly higher than industry average on STP accounts

Is JP Markets Safe?

JP Markets is a regulated broker under the Financial Sector Conduct Authority (FSCA) in South Africa. The company previously faced license suspension issues in 2019 but clarified that the issue was domain-related and resolved accordingly. Since then, it has been operating under full regulatory compliance.

Client Protection Measures:

• Segregated client funds
• Negative balance protection
• Regulation by FSCA

Leverage

• Retail clients: Up to 1:200
• Professional clients: Up to 1:500

Traders should apply leverage cautiously, as it increases both profit potential and risk.

Account Types

JP Markets offers:

• STP Account: Spread-based trading, no commission
• ECN Account: Raw spreads with a $10 commission per lot
• Copy Trading Accounts: For both signal followers and strategy providers
• Demo Account: For risk-free practice

Fees and Spreads

• STP Spreads: Average 2.0 pips for EUR/USD
• ECN Spreads: Start from 0.0 pips + $10 commission per lot
• No deposit/withdrawal fees on JP Markets’ end, though bank charges may apply

Compared to competitors, JP Markets’ fees are considered fair, though not the lowest.

Market Instruments

JP Markets allows trading in:

• 50+ Forex pairs
• Global Indices
• Precious Metals
• Shares
• Futures
• Commodities

Deposit and Withdrawal

Funding methods include:

• South African bank transfers (Absa, FNB, Standard Bank, Nedbank)
• Skrill
• Bitcoin
• JPM MasterCard

Withdrawals are typically processed within 24-48 hours. No internal fees are charged.

Trading Platforms

• MetaTrader 4: Desktop, Web, and Mobile
• JPM Mobile App: Proprietary mobile app with social trading features and full account access

MT4 supports EAs, custom indicators, and advanced charting tools.

Education & Research

JP Markets offers a robust suite of educational content including:

• Video tutorials
• Forex trading courses
• Economic calendar
• Daily news and analysis

This makes it a strong choice for beginner and intermediate traders.

Customer Support

• Availability: 24/5 via Live Chat, Email, and Phone
• Languages: English primarily

While response times are usually fast, weekend support is unavailable.

Final Verdict: Should You Trade with JP Markets?

JP Markets is a decent choice for traders looking for a local South African broker with FSCA regulation, local funding options, and educational tools. While its history of regulatory trouble raises caution, the broker appears committed to compliance and client protection.

Recommended For:

• South African Traders
• Forex Beginners
• MT4 Traders
• Copy Traders

Not Ideal For:

• Traders needing 24/7 support
• Traders looking for the tightest spreads available

Rating: 3.9/5
Best For: Beginner to Intermediate Forex Traders in Southern Africa