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JP Markets -

Score

4.44 /10
Average

JP Markets

South Africa

5-10 years

Regulated in South Africa

Financial Service Corporate

MT5 Full License

Global Business

Suspicious Overrun

Medium potential risk

https://www.jpmarkets.co.za

Influence

C

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Comparison

Quantity 4

Exposure

Open Account
Website

Score

Regulatory Index3.51

Business Index7.38

Risk Management Index0.00

Software Index9.20

License Index3.51

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

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

Single Core

1G

40G

open now

Broker Information

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Company Name

JP Markets SA (Pty) Ltd

Company Abbreviation

JP Markets

Platform registered country and region

South Africa

Company website

X

Facebook

Instagram

YouTube

Linkedin

WhatsApp

  • +27 66 401 1374

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts 2
Previous Detection : 2025-08-01
  • This broker exceeds the business scope regulated by South Africa FSCA(license number: 46855)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 4 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Verification

Exposure

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

Very bad

No willing to complain. They wil never pay out your money they have

FX3607541145
2020-10-13 06:46
Unable to Withdraw

Unable to withdraw funds for over a month now

Been told story’s that their international payment is offline and also been told different things in their department

Olamide Gordon-Wuraola
2020-02-20 01:21
Unable to Withdraw

Withdrawal

I am unable to withdraw my funds since the licensed is revoked and no one gets back to us is been over a year now MY I.D NUMBER is 9505125575083 name is Sizwe Ntsondwa. Sizwe

FX2179475288
2021-04-22 03:56
Unable to Withdraw

I finally got my money back from JP markets

Do not invest in this company. If you do you are guaranteed to lose all your money. I invested with them a few months ago. At the time there were many reviews on YouTube from happy customers who had made nice profits and have no issues withdrawing. However, I spent over a month trying to withdraw and I didn't receive a penny. After much unsuccessful trials, an old experienced trader friend referred me to a litigation firm called Forensic Pro, you can search for them on google, they got my money back, every penny from JP markets.

Haffner
2020-12-06 20:24
JP Markets · Company summary
JP Markets Review Summary
Founded2016
Registered Country/RegionSouth Africa
RegulationFSCA (Exceeded)
Market InstrumentsForex, stocks, indices, commodities
Demo Account/
Islamic Account✅
LeverageUp to 1:2000
SpreadFrom 0.5 pips
Trading PlatformMT5
Minimum DepositR100
Customer Support24/5 support, live chat, contact form
Tel: +27 21 045 1333
Email: support@jpmarkets.co.za
Address: No.4 Century Falls Road, Century City, Cape Town, 7441
Facebook, X, Instagram, LinkedIn, WhatsApp, YouTube, Tiktok
Regional RestrictionsOnly offers services in South Africa, Namibia, Swaziland and Lesotho

JP Markets Information

JP Markets was registered in South Africa, offering trading on forex, stocks, indices, commodities with leverage up to 1:2000 and spread from 0.5 pips on the MT5 platform. The minimum deposit requirement is R100. However, it does not provide services for residents in certain areas.

JP Markets Information

Pros and Cons

Pros Cons
Live chat supportLicense exceeded
Various contact channelsRegional restrictions
MT5 platformLack of common payment options
Islamic account available
Various account choices

Is JP Markets Legit?

Yes. JP Markets is licensed by FSCA with license number 46855 offering services.

Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.
South Africa
Financial Sector Conduct Authority (FSCA)ExceededJP MARKETS SA (PTY) LTDFinancial Service Corporate46855
license

What Can I Trade on JP Markets?

JP Markets offers trading on forex, stocks, indices, and commodities.

Tradable Instruments Supported
Forex✔
Stocks✔
Indices ✔
Commodities✔
Cryptocurrencies❌
Bonds❌
Options❌
ETFs❌
assets

Account Type

JP Markets offers VIP accounts, JPM Micro 300 accounts, Premium accounts, Zero Stop-Out accounts, JPM Bonus 300 accounts and 25% Drawdown Bonus account. Besides, it also offers an Islamic Account.

Account TypeAccepted CurrenciesMinimum Deposit
VIPUSD, ZARR5,000
JPM Micro 300R100
Premium
Islamic
Zero Stop-Out
JPM Bonus 300
25% Drawdown Bonus
Account Type

Leverage

JP Markets offers flexible leverage options, varying by account type. However, high leverage can amplify both profits and losses.

Account TypeMaximum Leverage
VIP1:500
JPM Micro 300
Premium1:2000
Islamic1:500
Zero Stop-Out
JPM Bonus 300
25% Drawdown Bonus

JP Markets Fees

Account TypeSpreadCommission
VIPFrom 0.5 pips$3
JPM Micro 3000
PremiumFrom 1 pip
IslamicFrom 1.5 pips
Zero Stop-OutFrom 3 pips
JPM Bonus 300From 2 pips
25% Drawdown Bonus

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT5✔PC, Web, MobileExperienced traders
MT4❌/Beginners
Trading Platform

Deposit and Withdrawal

JP Markets accepts payments like Capitec Pay, OZOW, Paystack, Skrill, and Alphapo. It does not provide information on fees and processing time related to deposits and withdrawals.

Deposit and Withdrawal

News

NewsJP Markets in the South African Forex Economy: The Outcome of the Case and How WikiFX Can Help

JP Markets was one of the largest forex brokers in South Africa, with a reputation for offering high leverage trading and competitive spreads. However, in 2020, the company found itself at the center of a scandal that rocked the South African forex economy.

WikiFX
2023-04-22 08:30
JP Markets in the South African Forex Economy: The Outcome of the Case and How WikiFX Can Help

NewsWikiFX report: JP MARKETS OPERATED IN ‘ABSOLUTE CONFLICT’ WITH ITS CLIENTS

An investigation into JP Markets has uncovered how the South African-based online forex broker has allegedly been trading against its clients and tampering with trading circumstances in order to drive down high earners' profitability while increasing the firm's.

WikiFX
2022-04-22 11:31
WikiFX report: JP MARKETS OPERATED IN ‘ABSOLUTE CONFLICT’ WITH ITS CLIENTS

NewsWikiFX report: JP markets liquidated

The Financial Sector Conduct Authority (FSCA) previously reported that it filed an urgent application with the High Court to liquidate JP Markets (Pty) Limited and that the bank accounts of JP Markets had been frozen.

WikiFX
2022-04-22 11:23
WikiFX report: JP markets liquidated

NewsWikiFX report: SOUTH AFRICA’S IBS CAN BREATHE EASY AS JP MARKETS FINALLY BITES THE DUST

JP Markets, which was unlicensed and had a poor reputation among introducing brokers in South Africa, has been forced into administration by the authorities, and had its bank accounts frozen.

WikiFX
2022-04-21 14:57
WikiFX report: SOUTH AFRICA’S IBS CAN BREATHE EASY AS JP MARKETS FINALLY BITES THE DUST
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User comment

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Comments

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Yurona
more than one year
I've had a positive experience with JP Markets. The customer service was prompt and helpful, especially when setting up my account. Trading on MT5 has been smooth with fast executions and no issues with withdrawals so far. Overall, I think it’s a good platform for trading.
I've had a positive experience with JP Markets. The customer service was prompt and helpful, especially when setting up my account. Trading on MT5 has been smooth with fast executions and no issues with withdrawals so far. Overall, I think it’s a good platform for trading.
Translate to English
2024-06-17 16:12
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FX1641801089
more than one year
One thing that bothers me is their 1% withdrawal fee through Skrill, which is quite high compared to other brokers. Additionally, their swap fees are on the higher side, and they also charge management fees, which adds up. Twice, I had to contact their support team to process withdrawals after waiting for two days, which isn't ideal. I've used several other brokers, and none of them charge deposit or withdrawal fees for Skrill transactions.
One thing that bothers me is their 1% withdrawal fee through Skrill, which is quite high compared to other brokers. Additionally, their swap fees are on the higher side, and they also charge management fees, which adds up. Twice, I had to contact their support team to process withdrawals after waiting for two days, which isn't ideal. I've used several other brokers, and none of them charge deposit or withdrawal fees for Skrill transactions.
Translate to English
2024-03-11 11:42
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