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/10
The WikiFX Score of this broker is reduced because of too many complaints!

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

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

JPMarkets-Live

Germany
MT5
4

Influence

C

Influence index NO.1

South Africa 4.19
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

Full License

4
Server Name
JPMarkets-Live MT5
Server Location Germany

Influence

Influence

C

Influence index NO.1

South Africa 4.19
Surpassed 44.40% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+27 21 045 1333
support@jpmarkets.co.za
https://www.jpmarkets.co.za
No.4 Century Falls Road, Century City, Cape Town, 7441

Licenses

Licensed Entity:JP MARKETS SA (PTY) LTD

License No. 46855

WikiFX Risk Alerts
2025-06-22
  • 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!
2

Basic Information

Registered Region
South Africa
Operating Period
5-10 years
Company Name
JP Markets SA (Pty) Ltd
Customer Service Email Address
support@jpmarkets.co.za
Contact Number
+27210451333

FX2179475288

Unverified

South Africa

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

Exposure

2021-04-22

Haffner

Unverified

United States

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.

Exposure

2020-12-06

FX3607541145

Unverified

South Africa

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

Exposure

2020-10-13

Yurona

Unverified

South Africa

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.

Positive

2024-06-17

媛乐

Unverified

Hong Kong

JP Markets’ trading platform sucks, I just cannot open it and log into my personal account. I asked their customer support staff to fix this, but they didn’t give me any response at all. **** it!!!

Neutral

2023-02-15

王川岷

Unverified

South Africa

JP Markets does not leave you alone, because they will systematically manage to persuade you to invest more money. It is just a trap! Don’t believe their sweet words!

Neutral

2022-12-19

Olamide Gordon-Wuraola

Unverified

United Kingdom

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

Exposure

2020-02-20

7
Account
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Comment
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Meta Trader 5
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Genealogy

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Relevant Enterprises

JP MARKETS(France)
Active
France
Registration No. 884052820
Established 2018-10-03
Related sources Website Announcement

Company Summary

JP MarketsReview Summary
Founded2016
Registered Country/RegionSouth Africa
RegulationFSCA (Exceeded)
Market Instrumentsforex, stocks, indices, commodities
Demo Account/
LeverageUp to 1:2000
Spreadfrom 0.5 pips
Trading PlatformMT5
Minimum DepositR100
Customer SupportLive chat, Contact form, 24/5 customer support
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 MT5. 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 supportNo MT4 platform
Various contact channelsWith regional restrictions
MT5 platformLicense exceeded
Islamic account available
Five types of payment options
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.
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, commodities.

Tradable Instruments Supported
Forex
Stocks
Indices
Commodities
Bonds
Cryptos
Futures
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 TypeMinimum DepositCurrency
VIPR5000USD ZAR
JPM Micro 300R100USD ZAR
PremiumR100USD ZAR
IslamicR100USD ZAR
Zero Stop-OutR100USD ZAR
JPM Bonus 300R100USD ZAR
25% Drawdown BonusR100USD ZAR
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 3001:500
Premium1:2000
Islamic1:500
Zero Stop-Out1:500
JPM Bonus 3001:500
25% Drawdown Bonus1:500

JP Markets Fees

Account TypeCommissionsSpreads
VIP$3From 0.5 pips
JPM Micro 300NoFrom 3 pips
PremiumNoFrom 1 pips
IslamicNoFrom 1.5 pips
Zero Stop-OutNoFrom 3 pips
JPM Bonus 300NoFrom 2 pips
25% Drawdown BonusNoFrom 2 pips

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT5PC, Web, MobileExperienced trader
MT4/Beginners
Trading Platform

Deposit and Withdrawal

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

Deposit and Withdrawal

Keywords

  • 5-10 years
  • Regulated in South Africa
  • Financial Service Corporate
  • MT5 Full License
  • Global Business
  • Suspicious Overrun
  • Medium potential risk

News

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

News JP 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.

2023-04-22 08:30

JP Market Scam Outcome

Exposure JP Market Scam Outcome

The JP Market scam was a major financial fraud that took place in South Africa in 2018. This scam involved a forex trading company that promised its clients huge returns on their investments. Unfortunately, the company was nothing but a Ponzi scheme, and many people ended up losing their life savings.

2023-03-03 17:39

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

News WikiFX 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.

2022-04-22 11:31

WikiFX report: JP markets liquidated

News WikiFX 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.

2022-04-22 11:23

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

News WikiFX 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.

2022-04-21 14:57

WikiFX report: A (temporary) positive ‘spread’ for JP Markets as SCA dismisses liquidation order

News WikiFX report: A (temporary) positive ‘spread’ for JP Markets as SCA dismisses liquidation order

The Supreme Court of Appeal (SCA) judgment of JP Markets v FSCA [2021] ZASCA 148 is the latest precedent dealing with state institutions’ attempts to wind-up private companies on just and equitable grounds.

2022-04-21 14:54

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