JP Markets fees spread and commissions start from US Dollar 10/ZAR175.88 per lot and spread start from about 2 pips on EUR/USD.
JP Markets does not charge any deposit fees or withdrawal fees. JP Markets does not waive any additional broker fees such as inactivity fees.
JP Markets has a competitive spread by offering a spread list which typically starts from 2 pips on EUR/USD along with commissions charged from US Dollar 10/ZAR175.88 per with lower commission charges on VIP Accounts.
JP Markets offers two base accounts namely the STP and ECN accounts that are further tailored according to the needs of traders. Leverage offered on both these accounts range from 1:1 up to 1:500 when trading Forex.
Commissions are not charged when using the STP account and whereas commissions are charged on the ECN account, traders who use this account have lower and tighter spreads.
In addition to this, JP Markets also offers a VIP account to professional traders which ensures tight spreads and lower commission charges tied to the execution of trades.
The minimum deposit that JP Markets requires to open an account is ZAR3,000 which is equivalent to US Dollar 175.63 at the current exchange rate between ZAR/USD on the day this article was written.
Traders should note that certain financial instruments can only be traded during a certain time of the day, especially when considering different time zones, and additional fees may be charged should they hold these positions after they have closed.
Traders should always note that Overnight fees, otherwise known as swap fees or rollover fees, may be charged for positions held open for longer than a day.
There is no indication whether JP Markets offers the option of an Islamic account to traders who are of Muslim faith and who operate under Sharia Law.
JP Markets does not offer traders spread betting and therefore spread betting fees do not apply to this broker.
JP Markets does not charge any deposit fees or withdrawal fees.
JP Markets does not waive any additional broker fees such as inactivity fees or fees about account maintenance and management.
Traders are advised to ensure that there are no fees waived by their payment provider in terms of depositing funds from their bank account to their trading account in addition to transaction costs when withdrawing funds and having them transferred to their bank account.
Pros and Cons
|✔️ PROS||❌ CONS|
|Tight and competitive spreads||Commissions on trades are quite high|
|Average minimum initial deposit amount|
|Fixed commissions on trades|
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How many instruments can I trade with JP Markets?
You can trade the following instruments:
- CFDs on indices, commodities, stocks, cryptocurrencies, ETFs, and ETNs
Which platforms are supported by JP Markets?
JFD Bank provides the following popular trading platforms:
- MetaTrader 4
- MetaTrader 5
Does JP Markets offer leverage?
Retail clients have access to leverage of up to 1:400 when registering an account with JFD Overseas Ltd.
What spreads can I expect with JP Markets?
Spreads from as little as 0.0 pips.
Does JP Markets charge commission?
Commissions are charged according to the financial instrument and start from US Dollar 0.03 when trading Forex.
Are JP Markets regulated?
Yes, JFD Bank is regulated by the highly reputed CySEC in Cyprus, BaFin in Germany, and VFSC in Vanuatu.
Is JP Markets a recommended forex trading broker for experts and beginners?
Yes, JFD Bank is suitable for both beginner and expert traders.
What is the overall rating out of 10 for JP Markets?