JP Markets Review

JP Markets is a trustworthy broker, earning an impressive 8 out of 10 rating. It is also regulated by the Financial Services Board (FSB), providing an added layer of security and credibility. (Update 2025)

🛡️Regulated and trusted by the CySEC, FSCA
🛡️ In 2365, new traders chose this broker in the last 90 days.
🛡️Available for South African Traders. 🇿🇦

At a Glance

10 Best Forex Brokers in South Africa for 2025

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#1

Read Review

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

$100

Visit Broker

#2

Read Review

FSCA, CySEC, FCA, DFSA, FSA, CMA

$0

Visit Broker

#3

Read Review

CySEC, MWALI, FSCA

$25

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#4

Read Review

CySEC, FCA, FSA, FSCA

$100

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#5

Read Review

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

$10

Visit Broker

#6

Read Review

CySEC, ASIC, FSA, BVI, FSCA

$25

Visit Broker

#7

Read Review

ASIC, CySEC, FSA, SCB

$200

Visit Broker

#8

Read Review

ASIC, CySEC, FSCA, FSA, FSC, CMA

$100

Visit Broker

#9

Read Review

FCA, CySEC, FSCA, SCB

$100

Visit Broker

#10

Read Review

FSCA, FSC, ASIC, CySEC, DFSA

$5

Visit Broker

#1

4.8/5

User Score

Sign Up

#2

4.7/5

User Score

Sign Up

#3

4.7/5

User Score

Sign Up

#4

4.4/5

User Score

Sign Up

#5

4.7/5

User Score

Sign Up

#6

4.0/5

User Score

Sign Up

#7

4.7/5

User Score

Sign Up

#8

4.8/5

User Score

Sign Up

#9

4.5/5

User Score

Sign Up

#10

4.9/5

User Score

Sign Up

Overall Rating

• 4.0/5

Read Review

OPEN AN ACCOUNT

Min Deposit

100 ZAR

Regulators

FSB, CySEC, FSCA

Trading Platform

MT5 MT4 

Crypto

Yes

Total Pairs

15

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

JP Markets Review – Overview.

1. ☑️Spider Chart
2. ☑️Overview
3. ☑️Safe or Scam?
4. ☑️JP Markets Minimum Deposit
5. ☑️JP Markets Accounts Types 
6. ☑️How to open a JP Markets account
7. ☑️JP Markets Deposit and withdrawal
8. ☑️JP Markets trading platforms
9. ☑️Markets instruments
10. ☑️JP Markets Spreads and Fees.
11. ☑️JP Markets vs. AvaTrade vs FBS – Comparison Table
12. ☑️Customer support
13. ☑️Customer Reviews 
14. ☑️Pros and cons
15. ☑️Our Finding
16. ☑️Conclusion
17. ☑️Frequently asked questions
18. ☑️References 

Spider Chart

Criteria

• Regulatory Standing: 1/5
• Financial Stability:2/5
• Trading Platform Quality:4/5
• Customer Support:2/5
• Educational Resources:3/5
• Trading Conditions:2/5
• Withdrawal Speed:1/5

Overview

JP Markets is among the leading brokerage companies in South Africa that specialize in the financial market. Licensed by the Financial Sector Conduct Authority (FSCA), it provides a clean and official platform for traders ranging from new traders to experienced traders.

The broker is well known for offering excellent trading platforms, including MetaTrader 4 & 5, which have everything any trader needs for carrying out analysis and executing orders. JP Markets has an edge over other brokers in the accumulation of many products to trade, including Forex pairs, commodities, indices, and shares. Such a range of products is targeted at liberating a broad range of trading methodologies and risk profiles. Also, the broker gives a reasonable spread so that the trader can achieve their business gains to the maximum.

JP Markets does provide high leverage, but this feature should be used with great caution since it does have the potential to both increase results and exacerbate the losses. The broker also has materials such as webinars and tutorials to train the trader on what is required in trading so as to make the best out of it. However, there are issues that deserve discussion here, and they concern the regulative experience of JP Markets. :

Since it was able to get its license back, it’s crucial for the investor to keep abreast with any new changes in regulation that may affect the business of the broker. In sum, JP Markets offers a great opportunity to South African traders and investors who are in search of proper regulation along with much-requisite enhancements. However, as with any financial service provider, it is always wise to do some background research and assess your expected trading profile.

Safe or Scam?

JP Markets SA (PTY) Ltd is authorized by FSCA (South Africa) with registration no. 46855; therefore, JP Markets is effectively regulated as an international financial service that is compliant with safety measures and provides clients with transparent conditions. Clients are protected through its regulatory obligations, being subject to a qualifying standard on how the broker operates, serving trading conditions as well as maintaining other safety rules regarding money management and market integration.

This includes negative balance protection, traders’ fund segregation, highest level security, and protection of all clients’ interests. JP Markets is not only licensed and regulated in South Africa but also supports ZAR and offers products designed for African traders.

Minimum Deposit

JP Markets requires a minimum deposit of 100 ZAR on most account types, although it is advanced for a beginner trader. However, for their VIP account, the minimum deposit is a lot higher at 5000ZAR and is designed for traders and professionals who require additional facilities that come with tighter spread rates and preferential services. A 100 ZAR deposit option is available to beginners. However, there are also more experienced traders who can use the enhanced trading conditions offered by a VIP account.

Overall Rating

• 4.0/5

Read Review

OPEN AN ACCOUNT

Min Deposit

100 ZAR

Regulators

FSB, CySEC, FSCA

Trading Platform

MT5 MT4 

Crypto

Yes

Total Pairs

15

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

JP Markets Account Types

Standard Account

The Standard Account offered at JP Markets demands a minimum of $100/100 ZAR that is affordable to newbie traders. It operates as an STP account with spreads starting from 2 pips and offers leverage of up to 1:500 dollars, thus allowing it to work with different financial tools, including Forex and some commodities.

Premium

To trade on JP Markets, one needs to open the Premium Account that comes with leverages starting from 100:1 and requires a minimum deposit of 100 ZARs with STP execution and as low as 2 pips. It is ideal for casual traders looking for better trading conditions than the Standard account, with access to a wide range of financial instruments and leverage up to 1:500.

VIP

JP Markets affords a VIP account with a minimum deposit of 5,000 ZAR with a cost of ECN execution having narrower spreads from 0.7 pips. It is basically aimed at full-time traders who want to minimize trading expenses, receive priority service, and get faster order executions; that is why scalpers and other high-frequency traders will find this platform advantageous.

Draw-Down Bonus

The Draw-Down Bonus account on JP Markets offers traders an additional buffer during drawdowns by providing extra margin support. This account is designed to help traders manage risk more effectively, particularly during volatile market conditions, and is available to all traders with a minimum deposit of 100 ZAR.

Zero Stop-Out

The Zero Stop-Out account at JP Markets service is suitable for trading activities to be conducted by a trader intending to embrace any kind of risk. With a minimum deposit of 100 ZAR, this account type operates on an STP model, offering spreads starting from 2 pips and leverage of 1:500. This account type has been designed in a way that will help its users avoid unwanted closure of positions during the period that one intends to hold the positions, especially during increased volatility. This is preferable for traders who need more authority and direct impact on their transactions and, at the same time, contain relatively small drawdowns properly.

JPM Bonus Account

The JPM Bonus account being offered at JP Markets targets new clients with a minimum account opening balance of 100 ZAR. This account type does not include any commission on the trades and has spread as low as 2 pips. With a leverage of 1, When a trader has a trading account of up to $500, he or she can boost the visibility incredibly by controlling the amount of capital in use appropriately. The JPM Bonus account provides the trader with the ability to use forex and commodities for trading, thus making the broker’s platform a good one for both novice and casual traders who want to enter the financial markets without the need for having large amounts of money on deposit.

Islamic Account

A Shariah-compliant account is one that has been opened for a Muslim client who would like to embrace Islamic rules of Shariah that condemn any form of usury or interest income as prohibited. Within this account type, there are no swaps charged for holding positions beyond a 24-hour period.

The Islamic account offered at FP Markets does not charge or allow interest on any of the trading instruments available, whereby the available trading instruments include Forex, commodities, and indices, with the same trading conditions as the other trading accounts. The last few factors include the possibility of obtaining a competitive spread, leverage options, and an easy-to-navigate platform that will enable traders to perform operations in the foreign exchange market with references to their belief system.

How to open a JP Markets account

The JP Markets review is simple and easy. Similarly to a bank, if you want to register a forex trading account with JP Markets for the first time, you must go through a basic “know your customer” process.

This will allow JP Markets to ensure that your submitted personal details are correct and that your funds and account details are safe. After the initial registration, you will generally be emailed your login details, which correspond to a login on a trading platform matching your type of account.

Step 1 – Complete the Sign-Up form

Locate the JP Markets webpage, click on the register button, and fill out your form.

Step 2 – Verify your account. You will receive an email.

Click on the email you will receive to verify your account.

Step 3 – Make a deposit and start trading.

Access your account and click on the make a deposit option. Then, choose how you want to deposit and start trading.

JP Markets Deposit and withdrawal

Trading platform

Meta5 is an innovative trading center with superior graphics and pattern analysis techniques, an automated trade facility through its expert advisors (EAs), and real-time order execution capabilities. Forex, stock trading, and crypto assets within the same trading interface are possible through this trading platform. JP Markets, regulated by the FSB, offers Forex trading with leverage up to 1:500, low minimum deposits, and local ZAR-based accounts, which makes it preferable to most South African traders.

Markets instruments

The most popular market instruments available from most brokers for trading include:

Forex

Currency trading, forex trading, or FX trading, is the foreign exchange market, which is the market where people can exchange money with each other at a rate that changes all the time.

Commodities

Like in the currency exchange market, there are many trading opportunities for investors in commodity markets. Soft commodities have taken a long while to be traded in the market and this is the secret of most investors opting for these financial derivatives as they act as strategic hedges to most portfolios. Another important strategy is purchasing contract-based tradable goods to manage the business risk in conditions of inflation or economic crisis.

Indices

Equity indices are also called real indices or stock indices, indexes that quantitatively characterize a certain segment of stock exchanges. They can embody a single stock exchange or a single set of the largest companies in a country.

Precious metals

Gold and other metals, oils, copper, or petroleum are examples of hard commodities available in the commodities market, which are mostly contract-based tradable commodities. With JP Markets, you can trade up to 30 forex pairs, other CFDs, gold, stock indices, and oil on or through the site, which is built with the MT4 (MetaTrader 4) platform.

Overall Rating

• 4.0/5

Read Review

OPEN AN ACCOUNT

Min Deposit

100 ZAR

Regulators

FSB, CySEC, FSCA

Trading Platform

MT5 MT4 

Crypto

Yes

Total Pairs

15

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

JP Markets Spreads and Fees

Spreads: Spreads differ between the bid and ask price for a trading instrument. JP Markets, in its majority, provides fair, on average, Spreads, especially in forex majors. Reduced spreads mean increased possible profit flows.

Fees: JP Markets offers variable spreads starting from 2 pips on Standard and Islamic accounts, while the VIP account features tighter spreads from 0.7 pips with a commission of $3 per lot.

JP Markets vs. AvaTrade vs FBS – Comparison Table

JP Markets customer support

JP Markets is a prominent South African broker that empowers clients to trade successfully with a strong focus on personalised services. Operating across Africa, with over 400,000 clients, we stand out through our tech innovation—offering world-class trading platforms and tools to make trading easy.

Customer Reviews

🥇Positive Review

A trader shared their satisfaction with JP Markets, highlighting fast withdrawal processes and customer support. They appreciated the range of instruments available and the flexibility of trading conditions like leverage and spreads. This user also praised the demo account feature, which helped them test strategies before live trading.

🥈Mixed Review

I had a mixed experience, appreciating the low minimum deposit and the accessibility for new traders. However, they encountered occasional delays with customer support and some issues with the platform’s functionality, such as occasional system lags.

🥉Mixed Review

Pros and Cons

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Conclusion

Through vigorous analysis, potential clients conclude that JP Markets is a reliable and functional broker for the Forex market. Traders must deposit a minimum of 100 ZAR, which can also be considered one of the lowest in the industry. Clients are fond of versatile trading opportunities that involve options to trade with more than 30 currency pairs, commodities, indices, and cryptocurrencies.

Among many other features, MetaTrader 5 has superior charting features, simplicity, and the option to script trading. Also, the commitment to client support service JP Markets meets with positive reviews where the clients highlighted quick responses plus help. Some of the clients that have provided feedback have pointed out certain imperfections, mostly on the part of the company, for providing additional information, such as educational resources, yet client satisfaction rates still remain high.

The existence of the FSCA ensures the operations of the JP Markets to bolster credibility and protect traders, contributing to making it a perfect trading platform suitable for both beginners and professionals.

Frequently Asked Questions

What is the minimum deposit to start trading on JP Markets?

The minimum deposit to start trading on JP Markets is 100 ZAR.

Is JP Markets safe and secure?

Yes, 100 %

Does JP Markets offer a demo account?

Yes, JP Markets does offer a demo account.

How many instruments can I trade with JP Markets?

JP Markets offers a variety of trading instruments, including over 30 currency pairs, commodities, indices, and cryptocurrencies, providing a broad range of options for traders.

Which platforms are supported by JP Markets?

MetaTrader 5 (MT5): An upgraded version of MT4 that offers additional features, including more technical indicators, timeframes, and the ability to trade stocks and commodities. WebTrader: A browser-based platform that allows traders to access their accounts without needing to download any software.

Does JP Markets offer leverage?

Yes, JP Markets offers a maximum leverage of 1: 500T

References

FSCA -JP MARKETS SA (PTY) LTD

JP MARKETS -OFFICIAL WEBPAGE