Is Jpmarkets a Good MT4 Broker for South Africans?!

Jp Markets is a leading, south-africa based Fsp-regulated brokerage company that has a global renown with a landmark achievement of providing their clients enough values as commensurate with each Forex trader’s market bids. Theirs is a system of operation that is unmatched by even their major rivals, with a variable spread of 2.4 Pips on every Fx transaction in Euro/Dollar on their registered single accounts--without commissions nor extra, hidden charges.Which forex brokerage company does this?

The company—Jp Markets—runs a single account system with a maximum leverage value of 1:500 on every FX products. This is considered a comparatively high figure which is unmatched by the company’s rivals in South Africa. In fact, Jp Market’s successful, business feat has earned the South African Forex Giant her presence in Kenya, Pakistan and Bangladesh.

Are You Considering Trading With Jp Markets?

Here are a few reviews about the company that are worthy of note before you do business on their platform:

REPUTATION:

Jp Markets is unarguably the biggest brokerage company in South Africa which also offers the best of rates to their teeming clients. In line with South Africa’s Financial Services Board’s transparency directive (pdf), Jp Markets is known to keep each client’s fund in a safe, segregated account of any recognized bank in South Africa, in order to avoid tell-tales and disputes. This sole fact makes it a well-patronized brokerage company and it has helped her in extending her business frontiers to the East African Country—Kenya, and the two Asian countries—Bangladesh and Pakistan.

SPREADS: With a maximum leverage value of 1:500 on every Fx products, as well as 2.4 Pips on Euro and Dollar, Jp Markets has widened the competition gulf between herself and her rival companies. This comparatively high variable spread has made jp markets maintained her top position, leaving far behind other competing companies. It also encourages STP market execution as well as PAMM services.

FEES: The minimum initial deposit into jp markets’ single account is R3500 or its equivalent in other recognised foreign notes like: Pound, Dollar and Euro. This is a little below the R5000 charge of the Blackstone futures, a rival company to jp markets.

ACCOUNTS: The company runs a single account system which is fsp-backed and safe. Each client’s fund is kept in a separate account with a recognized bank in the countries of operations. This is transparency at its peak, and hardly can any fraudulent activity permeate this water-tight system of accountability.

FUNDING METHODS: There are a handful of payment methods which the company supports. This include, but not limited to: Credit and Debit Cards; Neteller; Skrill; Wire Transfer and Bitcoin.

TRADING METHODS: Jp markets accepts any of these: A variety of 30 Forex pairs, Gold, Stock Indices, Oil, and other recognised CFDs.

TRADING PLATFORMS: According to the best broker review site forexsouthafrica, JP Markets is MT4 enabled. Metatrader 4 offers all a trader needs viz: ease of use, numerous order types, a wide range of technical indicators, extensive back-testing and an advanced charting package. It is, however, unfortunate that JP Markets does not allow automated strategies.

CONCLUSION

While there are a handful of brokerage companies that offer the same services which Jp markets offers her clients, there are few or none at all whose service-perks can match jp markets’ services, as has been proven.