Jp markets minimum deposit

Trading foreign exchange (forex) and contracts for differences (CFD’s) is highly speculative, carries a high level of risk and may not be suitable for all investors.

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You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin. Copyright 2021 JP markets SA
we are licensed and regulated by the financial services board, south africa, FSP 46855

Jp markets minimum deposit

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Risk warning

Trading foreign exchange (forex) and contracts for differences (CFD’s) is highly speculative, carries a high level of risk and may not be suitable for all investors. You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin.

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Contact

Suite 4, block B, hurlingham office park, 59 woodlands ave, bryanston, gauteng, johannesburg, 2146
K2016/123297/07

JP markets minimum deposit

The JP markets minimum deposit amount that JP markets requires is ZAR3,000.

The minimum deposit amount of ZAR3,000 when registering a live account is equivalent to USD 170,38 at the current exchange rate between south african rand and the US dollar on the day that this article was written.

JP markets is a south african-based broker which is authorized and regulated by one of the strictest and most demanding regulating entities namely FSCA, and as a regulated broker, one of the requirements is that client funds be kept in segregated accounts.

In complying with this, amidst several other strict rules and regulations, all client funds must be kept separate from the broker account, and it can only be used by traders to conduct trading activities.

In addition to ensuring client fund security through segregated accounts, regulated brokers such as JP markets are required to be a member of a compensation scheme or fund which pays out a certain amount to eligible clients in the case of company insolvency.

Deposit fees and deposit methods

JP markets does not charge any fees when deposits are made into the trader’s account, and traders can deposit the minimum deposit amount by using any of the following methods:

Bank transfer (ABSA, FNB, nedbank)

Credit/debit cards

Skrill

I-pay

Payfast

Transfers from atms, and

Snapscan, and

Mpesa

JP markets supports a variety of deposit currencies in which traders can fund their accounts including:

Step by step guide to deposit the minimum amount

Once the trader has completed the process of registering on the website, the trader can make the initial minimum deposit by taking down the banking details provided to transfer funds via EFT, or traders can follow these steps for other payments:

Navigate to the JP markets website and log into the client portal.

Select the deposit option, the payment method and amount.

Follow the instructions and additional prompts to deposit the minimum amount.

Traders should take note that with making deposits by using bank wire transfer, the transactions may take a certain amount of time depending on the method, time of the day, and day of the week.

Bank wire transfers take anything from a day to a few business days depending on the time the payment was made during the day along with the day of the week.

Pros and cons

PROS	CONS
1. Deposit fees and withdrawal fees are not charged	1. Small variety of deposit methods supported
2. Only a few deposit currencies supported

What is the minimum deposit for JP markets?

Interactive brokers does not have a specified minimum deposit.

Professional accounts, however, have certain minimum deposits depending on the account that the professional trader opens.

How do I make a deposit and withdrawal with JP markets?

You can make use of the following payment methods to deposit or withdraw funds:

Bank wire transfer

US automated clearing house (ACH) transfer initiated at interactive brokers

Cheques

Direct debit/electronic money transfer

Canadian electronic funds transfer, or EFT

Single euro payment area (SEPA)

BACS/GIRO/ACH

Does JP markets charge withdrawal fees?

The first withdrawal is free, thereafter traders will be charged per withdrawal depending on the size of the withdrawal and the method of payment.

JP markets review

User review

JP markets is an international online broker that started operating in 2016. Although the company has been around for just a few years, it has already built a relationship of trust with its clients. It began as a small company with a small office and a few workers, but today, it has offices in several countries across the globe.

• negative balance protection
• sophisticated trading platforms
• safe and secure
• excellent customer support

• no promotions
• users only trade cryptocurrencies but don’t own them.

The founder of jpmarkets is a south african entrepreneur called justin paulsen. He has a major in finance and economics at the university of cape town. Paulsen got the opportunity to interact with a number of asset managers, hedge fund managers, forex traders, and portfolio managers while working for a leading forex broker in south africa.

He then decided to start his own business and launched JP forex investments. He then passed the RE1 and RE5 exams for the qualifications required to start his own licensed company and that is how JP markets was launched.

Reasons to sign up at JP markets for south african traders

Here are six stout reasons for south african investors and traders to sign up at JP markets:

Negative balance protection – you will never end up owing JP markets any money because it uses a risk management system and an automated transaction management system to prevent a client’s account from turning negative.

Sophisticated trading platforms – JP markets offers adequate and fast trading platforms. Since there are no lags and requotes, clients get exactly what they want.

Safe and secure – the forex broker maintains client funds separately from its own funds.

Free deposits and withdrawals – the broker does not charge clients for processing deposits and withdrawals.

Fast payment methods – the deposits are instantly credited to traders’ accounts. And customers can instantly withdraw their profits from their accounts. They simply do not have to wait long for the transactions to go through.

Excellent customer support – the customer support agents are friendly, helpful, and prompt. You can get in touch with the FX broker through live chat, email, or phone.

Is JP markets reliable forex broker?

South african investors can definitely rely on JP markets as it is the biggest forex broker in africa and south africa. During the last few months, the company has experienced tremendous growth and has expanded into bangladesh, pakistan, and kenya.

The broker operates on a license issued by the financial services board of south africa. You can view a copy of the license on the JP markets website.

You can contact JP markets through the telephone number +27-010-590-1250, the email address [email protected], or the facebook account www.Facebook.Com/jpmarketssa. JP markets has offices in johannesburg, pretoria, cape town, swaziland, and polokwane.

Create an account to start trading

You can open a live trading account at JP markets in three simple steps:

Complete the online registration form.

Verify their account by clicking on a link in the FX brokers’ first email.

Load their trading accounts and start trading.

Traders can open accounts as individuals or companies.

We strongly recommend reading the client agreement form, client complaints procedure, privacy policy, cookies policy, risk disclosure and warning notice, and conflicts of interest policy carefully before registering an account.

Making deposits and withdrawals at JP markets

South african traders can choose a bank from the given list of banks to make a deposit. They can use their MT4 account number for reference. It may take up to 24 hours for the funds to be credited to traders’ accounts. If they want the funds to be credited faster, they have to email payment proofs to [email protected]

ABSA

Standard bank

Nedbank

Snapscan

First national bank

Mpesa

Online gateways

There are three ways to make withdrawals at JP markets:

Client portal – you can quickly and easily request payout through their client portal.

Online platform – you can withdraw through the platform using payfast/skrill or local bank transfers. JP markets processes payout requests from monday to friday, between the hours of 9:00 a.M. And 5:00 p.M. You will receive a verification call from the broker for purposes of security.

Whatsapp – you can send your payout request to 079-604-4252 and include your MT4 account number and the amount you would like to withdraw. When it receives the request, the company verifies the details and credit payouts in 24 hours after the completion of the verification procedure.

However, withdrawal through whatsapp is available only from 10:00 a.M. To 4:00 p.M. From monday to friday.

Types of trading platforms

Traders can choose from the following platforms at JP markets:

MT4 for windows

Customers can download MT4 for windows, android, and ios and enjoy features such as no rejections, no requotes, and flexible leverage in the range of 1:1 to 500:1. This platform is suitable for traders of different skill levels.

The MT4 platform is popular for its user-friendly interface, technical analysis tools, automated trading capabilities, advanced charting features, and automated trading capabilities. JP markets’ MT4 platform supports multiple currencies such as PLN, SGD, GBP, EUR, and USD. Also, it is available in 30 languages.

MT4 for mac

Traders can use wine, a free software program that enables systems based on unix to run applications developed for MS windows. Unfortunately, wine is not fully stable. So the application may not work as intended.

JP markets recommends playonmac, a free wine-based application that can be used to easily install windows applications on devices that run on the mac operating system.

MT4 for linux

Users of linux computers can use wine to install MT4 on their systems. However, they must understand that the application may not work properly.

Account types

JP markets offers different types of accounts to meet the requirements of different types of customers.

USD, GBP, and ZAR based accounts

Accounts that charge commissions

Accounts that charge spreads as costs

Each type of account gives clients direct access to the market. The orders flow directly to the market, ensuring that traders get the best market prices without any slippage, price manipulation, and lag.

There are micro as well as mini accounts, but the forex broker doesn’t discriminate between the two.

Unique features of JP markets

Here are some features that make jpmarkets unique and set it apart from the other forex & CFD brokers in the industry:

JP markets mastercard

Registered traders at JP markets can apply for the JP markets mastercard and become a VIP mastercard client. They can use their card to make payments and withdraw money at atms. Also, they can use it to manage their profits easily.

To qualify for a JP markets mastercard, customers have to create a trading account and maintain a minimum balance of R5000. The holders of this card can use it only in south africa, not in any other country. This card has been designed to enable JP markets to pay profits to its clients; so traders cannot load any money in it. However, they can apply for a total of three JP markets mastercards.

To check their balance, clients have to log in to www.Whatsonmycard.Com. They should note that they cannot use their card to store any money and accrue interest on it. They have to use their card to either make purchases or withdraw their money at an ATM. They cannot withdraw the funds on their card at any bank.

Copy trading

Customers can earn profits by copying the trades of professional traders at JP markets. They will just be investing funds and a copy master will manage their funds for them. Any professional trader can become a copy master at JP markets. They can do so by following these steps:

Visit jpmarkets.Co.Za/copy-trader and complete the online application form.

An account manager will contact them and give them some paper work.

Visit copytrader.Jpmarkets.Co.Za and open an account.

When the company approves your fund manager or professional trader status, you can log into your account at copytrader.Jpmarkets.Co.Za

Welcome bonus

You get a welcome bonus of up to 100% just for opening a live trading account and making a deposit. You have to deposit at least R3,000 to qualify.

JP markets offers 25% bonus on deposits in the range of R3000 to R30,000; 40% bonus on deposits in the range of R30,001 to R60,000; 60% bonus on deposits in the range of R60,001 to R100,000; 80% bonus on deposits in the range of R100,001 to R125,000; and 100% bonus on a deposit of $125,000.

JP markets FAQ

Q1: how much should I deposit in my trading account?

A: JP markets doesn’t set any deposit limits for its clients. So you can deposit any amount you wish. However, JP markets recommends a minimum deposit of R3000, especially if you are a new trader in need to training.

Q2: do clients have to pay for the trading education at JP markets?

A: JP markets offers excellent forex trading absolutely free of charge to holders of live trading accounts. The forex broker offers classes at some of its offices in south africa. Also, it offers video courses and online courses for traders who wish to learn at their own pace. Those interested can send an email to [email protected] for more information.

Q3: can I use bitcoin to load my trading account?

A: you can use bitcoin, but only through skrill. You can use bitcoin to load your skrill wallet and then transfer the money to your trading account.

Q4: how much money can I make at JP markets?

A: it all depends on how well you trade. You should learn to make informed decisions using a wide range of trading tools. Also, you should learn how to manage your risks well.

Q5: are my funds safe at JP markets?

A: yes, your money is 100% safe at JP markets. This is because the online broker holds clients’ money in separate accounts and never mixes it with its own funds. In addition, it has professional indemnity insurance to protect clients’ funds.

Should you open an account at JP markets?

If you reside in africa, you certainly should. JP markets is not only licensed and regulated in south africa, but also supports ZAR and offers products designed for african traders. In addition, it has several offices across africa and is founded by a well-known african entrepreneur.

JP markets is not only a safe, secure, and well-regulated online trading platform, but also an excellent educator. If you have never traded before, you can easily learn how to trade at jpmarkets.

JP markets review

Jpmarkets is a forex broker. JP markets offers the metatrader 4 and mobile forex trading top platform. Jpmarkets.Co.Za offers over 25 forex currency pairs, cfds, stocks, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.

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.

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Traders reviews

Not able to withdraw

Length of use: 6-12 months

Due to the numerous complaints from clients failing to withdraw their funds, the FSCA (financial sector conduct authority) has provisionally suspended JP market's license pending a full investigation. As from the 19th of june 2020 they are no longer allowed to take any new business or clients. I'm not surprised coz when i used them back in 2016 i couldn't even make a deposit to fund my account. Had to do an EFT and then call their office to let them know so they could check with the bank. Very poor service indeed. Anyway you can read the story of their suspension below:

Length of use: 3-6 months

Length of use: over 1 year

Length of use: 3-6 months

Length of use: 0-3 months

Length of use: over 1 year

Length of use: 3-6 months

This is the worst broker in the world, I made withdrawals amounting to R1.5 million in a he past weeks and they started asking me to submit my fica and bank cards of which I did. Only today they told me I won’t be getting my withdrawals since their system says I used different accounts to fund my account of which I didn’t. I don’t even know the people they talked about.

Stay away from this broker. I just can’t wait for this lock down to be over so I can visit their offices

Length of use: over 1 year

Jp markets should be challenged and charged for market and accounts manipulation. This is wrong and we will expose them.

Our funds and pending orders just disappeared and when we tried to contact someone no one answered.

This broker will not last long with the kind of service it provides.

Length of use: 0-3 months

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. Https://www.Forexpeacearmy.Com/forex-reviews/13589/jpmarkets-forex-brokers

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: https://www.Forexpeacearmy.Com/community/tags/jpmarkets/

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. Https://www.Forexpeacearmy.Com/forex-reviews/13589/jpmarkets-forex-brokers

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

Jp markets minimum deposit

Blog

Promotions

24-hour market

Bank card

Banks

Bitcoin

Currency trading

Day trading

Deposit

Deposit bonus

Education

Exchange rate

Financial market

Foreign exchange market

Forex

Forex company

Forex market

Forex trader

Forex trading

Growth

High PPC

Interest benefit option

Investment

JP markets card

JP markets mastercard

Load shedding

Low capital requirement

Low transaction costs

Market prices

Oil price war

Oil prices

Online courses

Online trading

Online trading platforms

Promotions

Trade

Trading account

Trading courses

Trading online

Trading platforms

Trading software

Trading without power

Wwithdrawals

JP markets

Lavalamplab

Morne beukes

JP markets card faqs

Risk warning

Useful links

Contact

Suite 4, block B, hurlingham office park, 59 woodlands ave, bryanston, gauteng, johannesburg, 2146
K2016/123297/07

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