JP Markets Review
JP Markets is a digital foreign exchange and CFD broker with its headquarters in Johannesburg. Users can begin trading on the acclaimed MetaTrader 4 platform as soon as a live or demo account has been established and the user has logged in. In this JP Markets review, we will go over everything that this amazing broker offers.
An Overview Of JP Markets
2016 marked the beginning of operations for JP Markets. Its owner and chief executive officer, Justin Paulsen, has set his sights on being Africa’s most successful forex broker, and he has already made significant progress in that direction. In addition to its operations in Switzerland, Kenya, Pakistan, and Bangladesh, the company currently has offices in Johannesburg, Bloemfontein, Polokwane, Cape Town, and Pretoria, all of which are located in South Africa.
JP Markets is subject to government oversight in South Africa, is headquartered, and holds a license issued by the country’s FSB. The regulatory control provided by the FSB makes this broker legitimate and any trader can start their trading journey with it without any worries.
Downloadable versions of the MetaTrader 4 platform are available through JP Markets. MT4 is available for download on Windows and Mac platforms and is regarded as the industry standard for forex trading. The MetaTrader 4 is quick to respond, and both the configuration and the user interface are modifiable.
After you have successfully logged in, you will have access to various trading tools and resources. There are nine different standard chart timeframes, thirty different built-in technical indicators, and thousands of other price indicators purchased from the Market. There are some order kinds to choose from and risk management functions.
The MT4 platform provided by JP Markets makes it possible to trade in various currencies, including USD, GBP, EUR, SGD, and PLN. Additionally, the platform is available in thirty different languages.
A demo account is available to users of JP Markets. The demo account replicates realistic trading settings, including real data and leverage from the relevant markets. The only notable distinction is the use of virtual currency.
To create a new demo account, please:
Proceed to the Dashboard by clicking on it.
Click the “Open Account” link that may be found underneath the “My Trading Account” section.
Simply select the “Open New Trading Account” option.
Choose your primary unit of money.
Pick from a variety of account kinds (ECN or STP)
After entering your confidential login information, click the “Submit” button.
Other Trading Accounts
There are several different kinds of accounts available with JP Markets. You have the choice of opening a real live account based in South African Rand (ZAR), United States Dollars (USD), or British Pounds (GBP).
In addition, you can select either an STP or ECN model. When using the STP model, the broker deducts their fee from the spread, but with the ECN zero spread account, traders are responsible for paying a commission on each trade.
You will be required to provide FICA documents to register for an account. These documents include proof of identification and proof of residency. Each type of investor account guarantees a safe login procedure and a members-only area with an interface for navigating account features and resources.
Customers can receive support through various channels, including live chat, the telephone, and email.
In addition, there is an online contact form and a frequently asked questions (FAQ) section on the website. Customer care representatives have a decent amount of knowledge and can assist customers who have trouble logging in, verifying their accounts, and accessing their client areas. They can also offer advice on what should be done if any payment transfer is rejected.
Trading conditions at JP Markets are reasonably competitive, and there is the option to trade personally or replicate transactions from Copy Accounts. JP Markets trading is a pleasant experience overall, with plenty of educational resources available.