What Account Types and Fees Does JP Markets Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| VIP Account |
Experienced traders |
High leverage up to 1:500, personalized services |
Requires significant trading volume |
| JPM Micro 300 Account |
Beginner traders |
Low minimum deposit of R100, no commission |
Ideal for small-capital practice |
| Premium Account |
Active traders |
Leverage up to 1:2000, spreads from 0.5 pips |
Requires moderate trading activity |
| Islamic Account |
Muslim traders |
Swap-free, adheres to Sharia law |
Must provide proof of adherence to Islamic finance principles |
| Zero Stop-Out Account |
High-risk traders |
Flexibility in maintaining positions during volatility |
Higher margin requirements |
| 25% Drawdown Bonus Account |
Traders seeking additional incentives |
Bonus on deposits, increased leverage options |
Terms and conditions apply for bonus eligibility |
Account Opening Process
The account opening process at JP Markets is straightforward and user-friendly. First, prospective clients need to submit personal information, including details like name, contact number, and email address. Following this, employment and financial information must be provided to assess the trader’s background. An essential step is the identity verification, which includes uploading a valid ID and proof of address to comply with regulatory standards. Once the account is approved, clients have the option to upgrade to a professional account if their trading volume increases and they meet the eligibility requirements.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive pricing for active traders |
| CFDs (Indices) |
1.5 |
$3 per lot |
Standard spreads for popular indices |
| CFDs (Commodities) |
2.0 |
$3 per lot |
Varied spreads based on market conditions |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
In addition to trading fees, traders should be aware of other costs associated with their accounts at JP Markets. Deposit and withdrawal fees may apply, depending on the chosen payment method, though specific amounts are not detailed. An inactivity fee could be charged if the account remains dormant for an extended period. Platform usage fees are not currently reported, but overnight interest (swap rates) may apply for positions held overnight. Additionally, currency conversion fees might be incurred for transactions involving multiple currencies.
