JP Markets is a South African MT4 Forex broker, that is licensed and regulated by the FSCA. On June 19th 2020, the FSCA suspended their license, read more. They no longer accept new clients, and have been forced to refund all client funds.
If you are having problems withdrawing your money, read this.
To find a new licensed broker, look here.
JP Markets Broker Review
Our review of JPMarkets shows that this brokerage firm offers Forex Investors and Day Traders the industry standard MT4 (Meta Trader 4) Desktop and Mobile Trading Apps. Their list of available assets for trading includes over 200 Forex & Currency pairs, along with Bitcoin, Ethereum, Commodities (oil and gold), Market Indexes and stocks.
Leverage / Margin rates are as high as 500:1. Minimum deposit for a new trading account is R3,000. As a local South African broker, you can deposit via; ABSA, Nedbank, Standard Bank, First National Bank, SnapScan, or M-Pesa. At all Forex brokers that offer MT4, you have the ability to go online and search for a free Expert Advisor (EA) plugin for the software. If you are interested in a simple automated trading solution, look at these popular trading apps.
JP Markets Bonus Offer
Many brokers offer investors what is called bonus money. Before getting excited about free money, you should carefully read the terms and conditions of the bonus, as we tend to receive many complaints from people who don’t understand how a bonus works.
You can read about broker complaints look here.
Is JP Markets Licensed & Regulated?
Yes, JP MARKETS SA (PTY) LTD is licensed and regulated by the FSCA, with license number FSB 46855, see here.
Founded in 2016, they are officially located at: Nelson Mandela Square, Maude Street West Tower Floor 2 Gauteng 2146 South Africa. They have offices in various cities across the country. Contact phone number is: +27825334705, and their email address is: [email protected]. The official website is: https://www.jpmarkets.co.za/.
The way that the Scam Broker Investigator reviews a Forex broker to determine if they are legitimate or a scam, is by verifying their government license. Many websites claim to be legitimate Forex brokers, but fail to be registered in the countries they operate in.
Always verify that the broker you choose to invest with is licensed and regulated by your governments financial regulatory authority.
Compare Forex Brokers
There are many Forex brokers to compare and choose from online. We have reviewed a few other high quality forex brokers here.
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