No, a JP Markets sign-up bonus is not offered for first-time sign-ups or beginner traders.
Traders who register a real account with JP Markets are not offered either a first-time sign-up bonus or a welcome bonus.
JP Markets offers traders two deposit bonuses, namely:
- A 200% deposit bonus when the trader deposits up to ZAR280,000 or USD equivalent.
- A 100% deposit bonus of up to R140,000 when depositing more than ZAR3,000 or USD equivalent using the JP Markets Android or iOS mobile app, or by making use of the Online Portal.
These bonuses are intended as a trading credit and cannot be withdrawn, only the profits made can be withdrawn and also, demo account holders are not eligible for these bonuses, only traders who register or have a real account.
Brokers often offer these broker bonuses to new traders to draw in more customers in addition to encouraging trading activities. Offering a deposit or welcome bonus is the best way in which to assure traders that they will receive some money back depending on the initial deposit made.
Various brokers also offer no deposit bonuses to traders in the same effort to draw in more customers and bonuses like this may aid not only the broker in acquiring new clients but also traders who have strict budgetary restrictions.
Although JP Markets does not offer bonuses, rewards, promotions, or competitions traders should not be discouraged by this from registering for a real account as bonuses may still be in planning and development phases to be announced at a later stage.
JP Markets does not currently offer referral bonuses to new or existing traders who make use of the products and services offered by JP Markets.
Referral bonuses are offered by brokers to traders in an attempt to draw in new clients and expand their customer base.
Often these types of bonuses have strict criteria that will have to be fulfilled before the trader can benefit from referring a friend or family member.
Additional Bonuses, Promotions and Rewards
JP Markets does not currently cater for trading bonuses and there are no current initiatives to reward loyal customers.
Although there are no specific trading bonuses, traders can earn interest on their trading account balance as well as profits at a rate of approximately 7.2% per annum which is allocated weekly.
Trading bonuses serve the purpose of encouraging traders to increase their trading activity in addition to trading higher volumes to gain access to bonuses that offer some cashback.
Pros and Cons
|Two types of deposit bonus offered||Welcome bonus, no deposit bonus, and no other broker bonuses offered with first time sign up|
|No referral bonus offered|
|No trading bonus for loyal customers|
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JP Markets offers traders two different types of deposit bonuses with fair terms and conditions. Although JP Markets does not offer any other bonuses, trading conditions are competitive in catering for both beginner and expert traders.
Does JP Markets charge commission?
Yes. Commissions of US Dollar 0.02 per 0.01 lot traded are charged on the cTrader ECN Account.
Are there additional charges on the Islamic account?
Yes. Commissions are charged at US Dollar 10 per lot when using the ECN account.
Are JP Markets regulated?
Yes. JP Markets is regulated by the FSCA in South Africa.
Is JP Markets a recommended forex trading broker for experts and beginners?
Yes. JP Markets caters to both beginners and experts.
What is the overall rating out of 10 for JP Markets?