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JP Exchange -

Score

1.71 /10
Danger

JP Exchange

United Kingdom

Within 1 year

Suspicious Regulatory License

High potential risk

https://jpexchange.com

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Comparison

Quantity 3

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index3.66

Risk Management Index0.00

Software Index8.22

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

JP Investment Ltd

Company Abbreviation

JP Exchange

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away!
Previous Detection : 2024-11-06
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Exposure

3 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Please help me recover my capital!

I was deceived into depositing money for trading, and when I made a profit and wanted to withdraw, they required me to trade a sufficient number of lots before I could do so. Even after meeting the trading requirements, I still couldn't withdraw. I've tried many times with the same result. When I contact support, no one answers my calls.

khánh7715
2024-07-11 18:09
Unable to Withdraw

Unable to withdraw money.

This is a fraudulent exchange. I have deposited $1000, but cannot withdraw money. The exchange uses a trick where employees and investors deposit money together to gain trust. But in reality, only investors deposit money. The rest is the exchange. Then they forge transfer vouchers. This is an employee from the exchange, everyone please be careful.

copcai
2024-08-16 13:35
Unable to Withdraw

The exchange does not allow withdrawals and shows signs of fraud.

I am a trader with ID mt4 412086. I deposited $1000 into my account on September 30th, and I have been requesting a withdrawal since October 18th, 2024 until now, November 5th, 2024. However, the platform has not shown any signs or actions regarding my withdrawal request. I demand the platform to refund my money, otherwise I will report them for misappropriation of assets.

FX1705363232
2024-11-05 11:58
JP Exchange · Company summary
JP Exchange Review Summary
Founded2017
Registered Country/RegionUnited Kingdom
RegulationUnregulated
Market InstrumentsForex, indices, stock CFDs, commodities and cryptos
Demo Account✅
LeverageFrom 1:20 to 1:1000
EUR/ USD SpreadFrom 0.1 pips
Trading PlatformsMT5
Minimum Deposit$100
Customer Support24/5 Phone and email

JP Exchangee, launched in 2017, stands as an online platform providing a diverse range of trading services through MT5. Moreover, through its subsidiary, JP Exchangee Prime, the platform extends specialized prime brokerage services. However, there is a problem that it is not regulated well.

JP Exchangee's homepage

Pros and Cons

ProsCons
MT5 supportedNot regulated
Demo and Islamic accountsRegional restrictions
Acceptable minimum depositCommissions charged
Flexible leverage ratios

Is JP Exchange Legit?

As of now, JP Exchange is functioning without the oversight of proper regulatory authorities. This lack of regulation raises significant concerns about the safety and security of the platform for its users.

What Can I Trade on JP Exchange?

JP Exchange offers forex, indices, stock CFDs, commodities and cryptos to trade.

Tradable InstrumentsSupported
Forex✔
Commodities✔
Indices✔
Cryptocurrencies✔
Stocks✔
ETFs❌
Bonds❌
Mutual Funds❌
What Can I Trade on JP Exchange?

Account Type

JP Exchange offers three of live accounts: the Standard, the ECN, and the Pro accounts, with the minimum deposits of $100, $500, and $5,000 respectively. The demo and Islamic accounts are also applicable.

Account comparison

Leverage

JP Exchange offers the maximum leverage for different accounts and instruments. For example, for major FX pairs, it offers up to 1000x for the Standard and the Islamic accounts, and up to 500x for the ECN and Pro accounts.

InstrumentStandard AccountECN AccountPro AccountIslamic Account
Major FX PairsUp to 1:1000Up to 1:500Up to 1:1000
Minor FX PairsUp to 1:1000Up to 1:500Up to 1:1000
Exotic FX PairsUp to 1:200
Commodities (Spot)Up to 1:200
Stock IndicesUp to 1:200
Stock CFDUp to 1:20
CryptocurrencyUp to 1:20

JP Exchange Fees

In comparison to other brokerage services, JP Exchange offers lower spreads, starting from just 0.1 pips. They offer three distinct account types:

- The Standard account features spreads beginning at 1.2 pips with no commission charges.

- The ECN account provides spreads as low as 0.6 pips, along with a $10 commission per transaction.

- The Pro account type offers the tightest spreads starting at 0.1 pips and includes a $6 commission per trade.

Trading Platform

JP Exchange supports MT5 trading platform. Available on desktop, mobile, and the web, the MetaTrader 5 platform alows users to trade from any device with an internet connection. Traders can utilize analysis tools, alongside fundamental analysis features like financial news and an economic calendar.

MT5

Deposit and Withdrawal

JP Exchange supports bitcoin, Mastercard, VISA, Skrill, PayPal and NETELLER to deposit and withdraw.

Deposit and Withdrawal

Customer Service

JP Exchange offers 24/5 customer service through phone and email.

Contact OptionsDetails
Phone01268 792061
Emailsupport@jpexchange.com
Contact Form❌
Online Chat❌
Social Media❌
Supported LanguageEnglish
Website LanguageEnglish, Chinese, and Vietnamese
Physical Address13 Castle Street, St Helier, Jersey, JE2 3BT

The Bottom Line

In conclusion, JP Exchange is a regular forex broker. It offers many trading instruments with three live, demo and Islamic accounts through the MT5 trading platform. It also offers flexible leverage ratios nd acceptable minimum deposits. However, it is noted that it has no regulation and they do not offers services for any residents.

FAQs

Is JP Exchange good for day trading?

Yes.

What security measures does JP Exchange have in place to protect my funds and personal information?

It claims it implements robust account protection measures to safeguard against unauthorized access and fraudulent activities.

At JP Exchange, are there any regional restrictions for traders?

Yes. It does not provides services for the residents of United States, Canada, Israel and Islamic Republic of Iran.

User Reviews

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User comment

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FX1705363232
0-3months
tôi là nhà giao dịch có id mt4 412086 Tôi có nạp 1000$ vào tài vào ngày 30-9 đến khi tôi làm lệnh rút từ 18-10-2024 đến hiện tại 05-11-2024 mà sàn vẫn chưa có dấu hiệu hay động thái cho tôi rút tiền yêu cầu sàn hoàn trả tiền cho tôi nếu không tôi sẽ tố có về hành vi chiếm đoạt tài sản của sàn
tôi là nhà giao dịch có id mt4 412086 Tôi có nạp 1000$ vào tài vào ngày 30-9 đến khi tôi làm lệnh rút từ 18-10-2024 đến hiện tại 05-11-2024 mà sàn vẫn chưa có dấu hiệu hay động thái cho tôi rút tiền yêu cầu sàn hoàn trả tiền cho tôi nếu không tôi sẽ tố có về hành vi chiếm đoạt tài sản của sàn
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2024-11-05 11:58
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copcai
6-12months
sàn lừa đảo nhé. mh đã nạp 1000$. nhưng không rút tiền ra được. sàn sử dụng chiêu trò nhân viên và nhà đầu tư cùng nhau nạp tiền để lấy lòng tin. nhưng thật ra chỉ có nhà đầu tư nạp tiền. còn phần còn lại là sàn. sau đó làm giả phiếu chuyển khoản. đây là nhân viên bên sàn, mọi người nhìn tránh.
sàn lừa đảo nhé. mh đã nạp 1000$. nhưng không rút tiền ra được. sàn sử dụng chiêu trò nhân viên và nhà đầu tư cùng nhau nạp tiền để lấy lòng tin. nhưng thật ra chỉ có nhà đầu tư nạp tiền. còn phần còn lại là sàn. sau đó làm giả phiếu chuyển khoản. đây là nhân viên bên sàn, mọi người nhìn tránh.
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+1
2024-08-16 13:34
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