JP Markets Review

1.138 · 42 REVIEWS
Updated: May 16, 2021 ·  · Is this your company?

JPMarkets is a forex broker. JP Markets offers the MetaTrader 4 and Mobile forex trading top platform. offers over 25 forex currency pairs, cfds, stocks, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.

JP Markets
2020-06-19:  The South African FSCA has privisionally suspended the license of JP Markets.  This was done because "there is reasonable belief that substantial prejudice to clients or the general public may occur if they continue rendering financial services."

CLICK HERE to verify.

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 500:1
Minimum to Open Live: $1
Established: 2016
Address: Black River Office Park 2 Fir Street, Observatory, Cape Town Gatehouse, Building, 2nd Floor, South Africa
Contact:, 0878280576
Regional offices:
Regulators: FSB #FSP 46855
Prohibited countries:
Trading platforms: MT4, Mobile Trader
Mobile Trading: Yes
ECN: Yes
Currencies: (30+)
Cryptocurrencies: (4) Bitcoin, Litecoin, Ethereum
CFD: (125+) Gold, Silver, Stocks, Stock Indexes, Oil, Other Commodities
EAs/Robots: Yes
Deposit Methods: VISA, MasterCard, iPay, Local Bank Transfers, M-Pesa, PayFast, Skrill, SnapScan
Withdrawal Methods: VISA, MasterCard, Local Bank Transfers, PayFast, Skrill

Live discussion

Join live discussion of on our forum

Go to forums


Your company video here? Contact ad sales

1.138 · 42 REVIEWS
Forex Peace Army

Let other traders know if this service is worth checking or should be avoided.

Your feedback matters!

Traders Reviews

Kempton park , South Africa,
Mar 28, 2018,
Registered user

Poor broker

It takes forever for your deposit to reflect, you have to call/email them the proof of deposit. They say it is instant payment,but it is not. This process happens everytime when i do deposit.
Reply by Stephen @ JP Markets submitted Oct 24, 2018:
Hi McPrudy,

We do pride ourselves on allocating funds and processing withdrawals as quickly as possible, and I apologise for any frustration this may have caused you.

9 times out of 10 when a deposit is not allocated within the time frame we state, it is because the incorrect reference number was used. We ask all our clients to please use their MT4 account number as the reference, this allows our team to allocate swiftly.

Without that number, we cannot guess where to allocate the funds as this would lead to other issues.
South Africa,
Nov 5, 2018,

Bad marketing

They claim that they do not charge commission yet their ZAR accounts charges a really large commission rate
Durban, South Africa,
Mar 11, 2019,

JPM is a thief

Listen. I'm fuming ryt now all because my wallet funds on JP market has just disappeared. No reply from them my e-wallet account I added last week is still pending validation. You guy @jpmarkets are a scam and need to be closed down.I need my money and I will get it back.
  1 trader has found this review helpful
Durban, South Africa,
Sep 16, 2019,

Service use: Live

Length of use: 0-3 Months

when closing a trade it takes time before it closes and my trade reached its tp and yet it did not close, now I've just made a transfer from my wallet to my bank account, but there is no money in my bank account
  1 trader has found this review helpful
durban, South Africa,
Sep 17, 2019,
Registered user

either there a bunch of turtles or straight up shady

Service use: Live

Length of use: 3-6 Months

there deposit is not instant, been waiting for more than two weeks now my wallet still shows 0.00 USD i'have emailed them now several times no one replies which is just bad manners no one lets you know whats happening even the account manager @hloni who only seemed to reply when i registered my account there support sucks...i even lost hope
  1 trader has found this review helpful
Gauteng, South Africa,
Sep 19, 2019,
Registered user

Terrible Customer service

Service use: Live

Length of use: 0-3 Months

i made a direct deposit on the 2nd of september 2019. deposited an amount of 500ZAR directly to the JP Markets ABSA account but i havent received my funds as yet. i made a 2nd deposit which eventually went through to my deposit wallet.its been more than 2 weeks since ive lodged 3 Tickets on the Back Office without any response. i even sent an email to their customer support, still no reply. made a dozen phone calls and nobody is available to pick up may calls. i sent the Banking details including the refernce number for that transaction and the bank account number but still no decency to reply or even acknowledge that atleast someone is working on it. so is this why you mean when you say "Best broker in Africa" by not even attempting to reach out to your clients?
  1 trader has found this review helpful
Carletonville, South Africa,
Sep 22, 2019,

Worst Broker Ever

Service use: Live

Length of use: 0-3 Months

Well i made a deposit to the broker three weeks back now and my capital hasn't reflected to my wallet, when I write them emails they don't respond.
  1 trader has found this review helpful
Durban, South Africa,
Oct 8, 2019,
Registered user

Can’t login 3753776

Service use: Live

Length of use: 0-3 Months

I can’t login to my mt4 mobile iso its says invalid account I tried reinstalling the app and changing my password didn’t work. When I call them they hang up when I told them that I cannot login.
  1 trader has found this review helpful
Australia, Australia,
Oct 9, 2019,
Registered user


Service use: Live

Length of use: 0-3 Months

Email after email and no reply.
Withdrawals always declined.
Support doesn't respond to complaints.
Winners are loosers with this so called award winning broker.
Absolute theiving toads.
  1 trader has found this review helpful
South Africa, South Africa,
Oct 10, 2019,
Registered user

Absolutely bad, Scammers. Stay away from them.

Service use: Live

Length of use: 6-12 Months

Don't use them as a broker.

At first, I didn't believe what people were saying about them till they scammed me.

Stay away.

Frequently Asked Questions

What is the minimum deposit for JP markets?

JP Markets does not have a strict minimum deposit. Traders can invest whatever they are comfortable with.  However JP Markets recommends starting with around ZAR3,000.

Is JP Markets a good broker?

Unbiased traders reviews on ForexPeaceArmy is the best way to answer if JP Markets is a good broker.

Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.

Additionally, we'd recommend to check recent JP Markets community discussions:

Is JP Markets safe?

To define whether a company is safe or not, you'd better get to know about this company, the unbiased traders reviews on ForexPeaceArmy is the best resources to grant you such knowledge.

JP Markets at least is regulated with South Africa Financial Services Board under license 46855. Being regulated gives you a chance to complain to the authority if it comes down to it.

What is JP Markets?

JP Markets is an online forex retail broker. JP Markets offers a number of assets to be traded on MetaTrader 4 and JP mobile app.

  • Forex currency pairs
  • Cryptocurrencies
  • Stock indices
  • Precious metals
  • Commodities