JP Markets Journal

Journal status: live
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JP Markets Profile
Year
2016
Country
South Africa
Branches
1
Regulation
FSCA South Africa
Registration
FSCA South Africa
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
...
Broker type
STP, ECN pricing
Dealing book
A-book
Tier
3
Execution speed
...
LPs total
3
LPs quality
Tier-1 Banks
LPs names
JPMorgan, Morgan Stanley, UBS

JP Markets Accounts
STP
ECN
Minimum Deposit
1 zar
10 zar
Leverage
200 : 1
200 : 1
Minimum Lot
0.01 lots
0.01 lots
EURUSD spread
2 pips
2 pips
Commission
0 $/lotRT
10 $/lotRT
Volume
...
...
Margin Call
50 %
50 %
Stop Out
30 %
30 %
Execution
Market
Market
Spread
floating
floating
Scalping
no
no
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card, Skrill, Neteller, PayFast, Airtel Money, Bonga Points, DPO, EazzyPay, eLipa, M-Pesa, Ozow
Base currency
USD, GBP, ZAR
Segregated accounts
yes
Interest on margin
no
Inactivity fee
after 3 months
Update broker

Is JP Markets safe?

  • Investor protection: no
  • Regulation: FSCA South Africa
  • Registration: FSCA South Africa
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: yes

Is JP Markets trusted?

  • Information transparency: sufficient ★★★
  • Customer service: virtually non-existent
  • JP Markets website: semi-detailed, updated ★★★
  • JP Markets popularity (by visitor count): low visits ★★

How JP Markets works



Liquidity Providers: The Company shall act as agent of the Client (principal) when receiving and transmitting orders. The Company will be transmitting your Orders for execution to another broker(s), and such broker(s) may be transmitting the orders received by us to other liquidity providers. These broker(s) are not necessarily operating in a regulated market.

The Company may receive fees/commission from the counterparty through which it executes transactions. This fee/commission is related to the frequency/volume of transactions executed and/or other parameters.

23.1 You acknowledge that we derive our revenue as fixed share of the spread regardless of you winning or losing deals from the counterparty through which we execute transactions.
p) If scalping or any other unauthorized trading activity is performed on the Online Trading System, automated or manual. In this case all Transactions performed that way will be annulled and cancelled...

11.21 Our spreads are based on the market rates received by us from the execution broker(s) and/or liquidity providers and are pre-determined according your account status.


Unlike some other brokers, our liquidity comes directly from the biggest banks in the world such as JP Morgan. UBS and Morgan Stanley to mention just a few.



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