JP Markets Review – Another legit CFD brokerage?

JP Markets Review

JP Markets claims to be a global powerhouse in the financial market, committed to excellence and providing quality services. This is a brand that operates under the strict regulations and licensing obtained from the Financial Sector Conduct Authority (FSCA) in South Africa. 

At the same time, traders should know that they are dealing with an authorized financial services provider and an entity that holds an over-the-counter derivatives provider license. In doing so, JP Markets is able to ensure the highest standards of accountability and transparency. 

CFD trading online

In terms of the asset index, the company has fairly broad CFD coverage. Traders interested in the global financial markets could find the offer attractive because it integrates:

• Currency pairs
• Popular shares
• Stock market indices
• Commodities 

Spreads are floating and competitive, tailored depending on what account type you end up choosing. JP Markets is offering diverse trading conditions, so if you go for wider spreads and no commissions, there are three accounts with those specifications. Conversely, if you don’t mind paying commissions in exchange for tighter spreads, then the VIP account would be the right pick. 

Either way, the broker promises accurate execution and a high level of security for all customers. Regulatory compliance, transparency and support for reliable payment methods create an environment like that. 

Feature-rich trading software

MetaTrader 5 is a very popular platform in the CFD trading space and it happens to be the JP Markets’ choice. Traders working with this broker can use MT5 on multiple devices to manage their accounts and monitor the latest market developments. 

On one side, it’s a platform suited for beginners thanks to its user-friendly interface. But on the other, as you progress in your trading journey, you are able to use more advanced techniques and methods. MT5 has more benefits as compared to MT4 and traders continue to appreciate its utility. 

Multiple accounts

Standard, Premium, VIP and Islamic are the accounts you can choose from when signing up with JP Markets. All customers benefit from market order execution, a 30% stop-out level, 0.01 minimum trade size and access to a broad range of markets. You can also learn about online trading using the company’s blog. 

Differences do emerge when looking at deposit requirements, trading costs (spreads and commissions) and maximum leverage. We consider this brand as affordable, given you only need R100 for a Standard account. The amount is accessible even to the most conservative traders out there. 

Summary 

JP Markets can be regarded as a reliable CFD brokerage because it managed to consistently provide customers with the best possible services. Expert advice and a raft of unique added benefits make the offer appealing to retail traders. The positive feedback as well as the multiple awards received along the way prove the company works for its customers’ best interests. If you want to learn more about the offer, then feel free to check jpmarkets.co.za. 

Disclaimer

JP Markets SA (Pty) Ltd is an authorized Financial Services provider (FSP) and Over-the-Counter Derivatives Provider (ODP).