Jp markets sign up

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.

Real forex bonuses

Traders who register a real account with JP markets are not offered with either a first time sign up bonus, or a welcome bonus.

JP markets sign up bonus

A first time JP markets sign up bonus is not offered by JP markets.

Traders who register a real account with JP markets are not offered with 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 makes a deposit of 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These bonuses are intended as a trading credit and cannot be withdrawn, only the profits made can be withdrawn and in addition, demo account holders are not eligible for these bonuses, only traders who register or are in possession of a real account.

Brokers often offer these broker bonusses to new traders in an effort 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.

Referral bonus

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

PROS	CONS
1. Two types of deposit bonus offered	1. Welcome bonus, no deposit bonus and no other broker bonuses offered with first time sign up
2. No referral bonus offered
3. No trading bonus for loyal customers

Conclusion

JP markets offers traders with 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.

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Jp markets sign up

Welcome to the 1Q 2021 J.P. Morgan asset management market and economic update. This seminar, presented by dr. David kelly, highlights the major themes and concerns impacting investors and their clients, using just 11 guide to the markets slides.

There are 75 pages in the guide to the markets. However, we believe that the key themes for the first quarter can be highlighted by referencing just 11 slides.

Dr. David kelly

Chief global strategist

ECONOMIC & MARKET UPDATE: USING THE GUIDE TO THE MARKETS
TO EXPLAIN THE INVESTMENT ENVIRONMENT

1. The pandemic continues to surge

Any discussion of the economic and investment outlook must start with an understanding of the human toll of the pandemic itself. This page looks at the 7-day moving average of new confirmed cases and fatalities of COVID-19. The path of the pandemic impacts the level of economic activity, and fluctuations cause a lot of uncertainty. After surging and retreating in the spring and the summer, the pandemic has worsened in recent months and will likely continue to surge in the first quarter. However, the approval of several very effective vaccines in the U.S. Should allow for the inoculation of roughly 150 million people in the first half of 2021, allowing life to largely return to normal by the fall of 2021.

2. The economic recovery should accelerate in 2H21

After suffering the most severe recession since WWII resulting in the worst quarterly GDP print on record in 2Q20, economic growth surged in the third quarter, notching the best quarterly GDP print on record in 3Q20. However, despite this strong surge, economic activity has only partially recovered from the collapse and remains far below the trend suggested by economic growth at the end of the last decade. This reflects the dominance of the service sector in the economy and the inability of it to recover fully in a pandemic.

The renewed pandemic will put further pressure on these industries and this, combined with a delay in getting extra fiscal support to the U.S. Economy, is leading to a sharp deceleration in economic activity with growth likely slowing to a very low single-digit pace in early 2021. Thereafter, however, growth should surge due to both pent-up demand and pent-up supply in those sectors that have been most impacted by the pandemic.

3. Job gains should slow until broad vaccine deployment

After reaching a 50-year low in february of 3.5%, the unemployment rate spiked to 14.7% in april, as 22 million people lost their jobs. Although there has been a sharp recovery in jobs thus far, the second half of the labor market recovery is likely to be much more gradual, as the pace of job gains has already slowed. Much of the remaining employment decline from the pandemic is in sectors that will have a hard time reopening while the pandemic continues, including the leisure, hospitality, travel, retail and food services industries. In addition, state and local government cutbacks could weigh on payroll employment. However, once the vaccine is broadly deployed, service-sector jobs could have a healthy rebound.

4. Profits have turned a corner

The deep recession in the economy was mirrored in big declines in S&P500 operating earnings in early 2021, pushing profits into recession. Analysts are expecting profits to recover in 2021, but past earnings recessions have typically lasted 2-3 years, and given the severity of the plunge in profits and the gradual economic recovery, it is likely that profits will not surpass their 2019 peak until 2022. However, in 2021, areas hardest hit by the pandemic, like energy, financials, and industrials, could experience solid earnings rebounds, while areas like technology and health care should continue to hold up well.

5. Higher inflation is a risk down the road

The onset of the recession, combined with a collapse in oil prices, triggered a decline in already low inflation. Although inflation normally troughs after the end of a recession, things may be a little different this time around, particularly given the potential for further fiscal stimulus, the continuing extra costs of operating during a pandemic and the likelihood of an economic surge following the distribution of a vaccine. Consequently, we expect inflation, using both CPI and personal deflator measures, to edge over 2% by the middle of 2021 and stay at close to this pace into 2022.

6. The federal reserve remains accommodative

In the first half of 2020, the federal reserve took very strong action to support the economy including cutting the federal funds rate to a range of 0-0.25%, opening or expanding a very wide range of facilities designed to support different parts of the bond market and adding dramatically to its balance sheet.

In addition, in august, the fed adopted an “average inflation targeting” strategy, by which they will aim to achieve inflation of above 2% for some time to make up for years of undershooting this target. In order to achieve this they have pledged to hold the federal funds rate at its current 0-0.25% target range until inflation is at 2% and on track to moderately exceed 2% for some time.

Although the fed pledged to maintain its current asset purchases until “substantial further progress” has been made to achieving its inflation and employment goals, it is important to note that this timetable suggests that the fed will reduce its bond purchases well in advance of any increase in short-term interest rates. This, in turn, suggests a steepening of the yield curve as the economy continues to recover in 2021.

7. Massive fiscal support has boosted debt and deficits

The heart of the economic damage is with consumers and businesses, so the U.S. Government delivered a multi-trillion dollar fiscal package to mitigate permanent economic damage at the onset of the pandemic. Pending further fiscal support and possibly infrastructure spending, the budget deficit could further increase in 2021, but will likely still be below 2020 levels. However, the national debt as a share of GDP will continue to grow to the highest levels since WWII. While we do not believe this will result in a fiscal crisis in the next couple of years, a failure to rein in deficits and debt monetization once the economy accelerates in the wake of a vaccine could lead to significant problems. This suggests that eventually, the government will have to make some tough choices on tax hikes and spending cuts.

With the federal funds rate at 0-0.25%, nominal treasury yields have fallen to near-historic lows and real yields are negative. In this low rate environment, investors will continue to hunt for yield. Although spreads had widened in riskier fixed income, they have come in meaningfully, making risk-return dynamics less attractive. However, despite unattractive yields, high quality fixed income will continue to play an important role in providing investors with downside protection and diversification.

9. Valuations are high for U.S. Equities

U.S. Equities have recovered significantly from the march lows, and at record speed. However, as markets look through the virus and the downturn to the recovery, valuations are well above historical averages. Investors should recognize that earnings are likely to continue to grow quickly in the year ahead which should lead to some compression in these ratios. Moreover, a continuation of relatively low interest rates likely justifies some elevation of valuation measures above their historical averages. Still, rich valuations may constrain equity returns over the long-run. Consequently, investors may want to consider diversifying their equity exposure adding more to value stocks as well as reducing weightings to the very largest companies in the stock market.

10. International stocks offer long-term opportunities

Both U.S. And international stocks sold off at the height of the COVID crisis, but the valuation gap between U.S. And international stocks that persisted throughout the recent expansion still persists today. However, this dynamic could shift in the next expansion.

The long-term growth prospects of EM economies still look better than for the U.S., valuations remain cheaper overseas, and the dollar has been retreating, which amplifies the return on international equities. Europe, which has been long unloved, may have a catalyst for turnaround with more promising efforts towards fiscal integration.

11. Risks ahead call for diversification

Given the extraordinary disruption to the U.S. And global economies in 2020, it is remarkable how resilient financial markets have proven to be.

However, investors should recognize that the blessing of strong performance brings with it the challenge of higher valuations. The next few months should answer many questions with regard to our collective success in ending the pandemic as well as the pace and shape of the U.S. And global recoveries from the social distancing recession. Given all the uncertainties surrounding these and other questions investors would be wise to maintain a somewhat defensive and very diversified stance after one of the most difficult and unusual years in modern history.

This website is a general communication being provided for informational purposes only. It is educational in nature and not designed to be a recommendation for any specific investment product, strategy, plan feature or other purposes. By receiving this communication you agree with the intended purpose described above. Any examples used in this material are generic, hypothetical and for illustration purposes only. None of J.P. Morgan asset management, its affiliates or representatives is suggesting that the recipient or any other person take a specific course of action or any action at all. Communications such as this are not impartial and are provided in connection with the advertising and marketing of products and services. Prior to making any investment or financial decisions, an investor should seek individualized advice from personal financial, legal, tax and other professionals that take into account all of the particular facts and circumstances of an investor's own situation.

Opinions and statements of financial market trends that are based on current market conditions constitute our judgment and are subject to change without notice. We believe the information provided here is reliable but should not be assumed to be accurate or complete. The views and strategies described may not be suitable for all investors.

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Global market outlook 2020: higher growth outside of U.S.,
lower returns

J.P. Morgan global research offers its key market and economy calls for 2020.

In context
J.P. Morgan's newsletter that features insights across global markets and industries

After a year dominated by U.S.- china trade tensions, fears of a hard brexit and a global slowdown, 2019 comes to a close on a high note, with the S&P 500 hitting a fresh record high as concerns surrounding these geopolitical tail risks have eased. Looking ahead to 2020, global growth is still slowing, but the case for a rebound is building and the synchronized easing by 23 central banks has taken place since mid-2019 supports a recovery in global activity in the first half of 2020. Here, J.P. Morgan research offers its key market and economy calls for 2020.

Global growth

2019 was characterized as a tug-of-war between political conflict and macroeconomic policy. Geopolitical tensions weighed on business sentiment and prompted support from policymakers, led by significant monetary and fiscal easing in the U.S. And china. Growth is expected to slow further in the final three months of 2019, but is set to recover to above-trend levels in 2020.

“we expect further growth weakness in the fourth quarter but a recovery to above-trend global growth in 2020. The traditional imbalances that increase vulnerabilities as expansions mature remain absent,” said bruce kasman, global head of economic research at J.P. Morgan.

Growth in 2020 will start at a subpar pace, before picking up some time before mid-year. Political drags will likely fade and business sentiment should firm as the U.S. And china agree to a phase 1 trade deal and there is more clarity on the likely brexit deal.

We expect further growth weakness in Q4 but a recovery to above-trend global growth in 2020.

Bruce kasman global head of economic research, J.P. Morgan

Source: J.P. Morgan research estimates

J.P. Morgan research forecasts 2020 global GDP growth at 2.5%, with U.S. Growth slowing to 1.7% from 2.3% in 2019, as fiscal policy support rolls off and the federal reserve (fed) remains dovish. EM growth should improve at the margin to 4.2%. China and the economies closely tied to its supply chain should be early participants in this lift in policy support, but most of the lift in growth is expected to come from the fading of drags in key EM countries —brazil, mexico, turkey and india—as well as europe, where weakness is expected to be transitory given still-solid fundamentals.

“the consumer remains well-positioned to keep spending and will remain the backbone of demand growth in 2020,” said michael feroli, J.P. Morgan chief U.S. Economist.

Equities

As the recovery in the business cycle picks up and is expected to gain traction by early 2020, J.P. Morgan research is setting its S&P 500 2020 price target at 3,400, based on an earnings per share (EPS) forecast of $180 with a multiple of around 19 times earnings.

Globally, the positive drivers for equity markets will likely continue, at least for the first half of 2020, as positioning is still light and equity inflows will likely make a comeback. Regionally, while U.S. Equities will likely keep moving up in absolute terms, J.P. Morgan research does not expect the outperformance that characterized the past two years to continue. Despite the reduced risk of a disorderly brexit and consistent underperformance, the FTSE100 is not the best way to position for a more supportive U.K. Political backdrop.

“EM equities stand to benefit most from a turn in global manufacturing, a phase 1 trade truce, and from some likely pick-up in china data flow,” said mislav matejka, global equity strategist at J.P. Morgan .

S&P 500 2020 price target :

Source: J.P. Morgan research estimates

Cross-asset

It is unusual for markets to be expensive around a turn in the business cycle and this points to less upside going forward and more vulnerability to shocks. But investors are not highly overweight yet and not all markets expensive, particularly non-U.S. Equity markets and some EM bonds and foreign exchange markets.

John normand head of cross-asset fundamental strategy, J.P. Morgan

A number of markets appear expensive as 2020 approaches, but investor overweight positions are not yet concerning.

“it is unusual for markets to be expensive around a turn in the business cycle and this points to less upside going forward and more vulnerability to shocks. But investors are not highly overweight yet and not all markets expensive, particularly non-U.S. Equity markets and some EM bonds and foreign exchange markets,” said john normand, head of cross-asset fundamental strategy at J.P. Morgan . To position for reflation, investors would typically short or expect the price of developed market (DM) bonds to fall, be overweight equities versus bonds, overweight commodities and short the U.S. Dollar (USD). However, typical reflation periods also include central bank hikes, which are not expected in 2020.

For 2020, EM duration is attractive because central banks are easing, as are cheaper, under-owned non-U.S. Equities in the short-term.

For currencies and commodities, oil will likely outperform over the next few quarters based on the increase in OPEC+ supply cuts. Base metals are expected to move higher over the next few months due to positioning, but not as much as in past reflation moves.

Supply and demand

In 2020, J.P. Morgan research expects to see a rotation by retail investors away from bond funds and into equity funds. 2019 was a very unusual year in terms of the behavior of retail investors, with close to record-high bond fund buying and record-high equity fund selling. In 2019, bond fund demand from retail investors reached a record high of $850 billion, while retail investors sold equity funds at the strongest pace since 2008, with outflows reaching around $360 billion according to J.P. Morgan research estimates. Signs of an improvement in the global industry cycle into 2020 support a reversal of this year’s equity fund selling and a big downshift in bond fund buying.

“we look for 2020 to be the year of the great rotation II, in a repeat of 2013 — we expect a rotation by retail investors away from bond funds and into equity funds,” said nikolaos panigirtzoglou, global markets strategist at J.P. Morgan.

The combination of an $840 billion deterioration in bond demand and a $375 billion decrease in bond supply leaves us with a net deterioration in the bond supply/demand balance of around $460 billion in 2020, reversing this year’s $400 billion improvement.

The $375 billion reduction in global bond supply estimated for 2020 reflects both a decline in net government supply in the U.S., as the fed is no longer contracting its balance sheet and lower net corporate bond issuance falls globally.

We look for 2020 to be the year of the great rotation II, in a repeat of 2013 — we expect a rotation by retail investors away from bond funds and into equity funds.

Nikolaos panigirtzoglou global markets strategist, J.P. Morgan

Currencies

We see broad but modest USD losses early in 2020 on global lift, but doubt whether this extends to a secular bear market as this would require a V-shaped recovery.

Luis oganes head of currencies, commodities and emerging markets research, J.P. Morgan

J.P. Morgan research expects broad but modest U.S. Dollar (USD) weakness in early 2020 – but this is not likely to last for multiple quarters. Instead, a weakening of the U.S. Economy from an emerging fiscal drag, among other factors and a dovish fed, should only narrowly weaken the dollar versus other reserve and low-yielding, current-account surplus currencies.

“we see broad but modest USD losses early in 2020 on global lift, but doubt whether this extends to a secular bear market as this would require a V-shaped recovery,” said luis oganes, head of currencies, commodities and emerging markets research at J.P. Morgan .

At the same time, cyclically sensitive, higher-yielding currencies in G10 and EM will likely struggle to extend any early lift against the dollar. Importantly, with the partial rollback of the september 1 tariff to 7.5% from 15% as part of the U.S.-china trade truce, the USD to chinese yuan (CNY) exchange rate should be well supported, at least in the first half of the year. This should also benefit EM currencies particularly those that are closely tied to the china supply chain.

Commodities

Oil prices will likely be boosted by the higher cuts in supply committed to by the organization of the petroleum exporting countries and its allies (OPEC+) and the envisaged rebound in global growth, particularly in EM. J.P. Morgan research expects the oil price to peak in the first three months of 2020 at $67 per barrel before dampening as increased supply from non-OPEC producers hits the market.

Brent should average $64.5 per barrel in 2020. However, there balanced risks to this outlook: on the upside, if the global recovery is synchronized, the boost to EM growth could be higher than envisaged raising demand. On the downside, we are assuming full compliance to quotas from OPEC in the first half of the year but expect marginally weaker compliance in the second half, owing to seasonal demand for OPEC crude and uncertainties over an extension of current quotas beyond june 2020.

Brent crude should average

Source: J.P. Morgan research estimates

Emerging markets

Although the fed has signaled a pause in its easing cycle, EM central banks have continued to cut policy rates in the final quarter of 2019 and are expected to continue doing so during the first half of 2020, as growth remains subpar and inflation pressures remain modest.

Luis oganes head of currencies, commodities and emerging markets research, J.P. Morgan

EM central banks have been cutting policy rates since the second quarter of 2019 and are expected to ease policy further in the first half of 2020, as growth remains subpar. EM inflation is also expected to remain benign, despite a modest pickup in core inflation, due to localized food price increases, particularly in china. While some EM central banks (such as india) have paused against the run of play, many have continued to ease more than expected even in the final few months of 2019.

“although the fed has signaled a pause in its easing cycle, EM central banks have continued to cut policy rates in the final quarter of 2019 and are expected to continue doing so during the first half of 2020, as growth remains subpar and inflation pressures remain modest,” added oganes.

Rates

U.S. Treasury yields are set to retrace to higher levels seen in the second half of 2020, as U.S. And global growth returns above trend. J.P. Morgan research is targeting 2-year and 10-year yields to end 2020 at 1.6% and 2.05%, respectively. Investor positioning and global sovereign rates are set to remain major drivers of treasury yields, with over $13 trillion in negative yielding sovereign debt contributing to rich assets and a desperation for yield.

“2020 should be a weaker year for returns on duration and a better year for spreads. Investable treasury supply will contract. Ample cash and constructive policy interventions point to tighter funding spreads,” said alex roever, head of U.S. Rates and short duration research at J.P. Morgan .

Year-end funding issues have been a major focus for market participants since mid-september and arguably since the end of last year. Watch out for a spike in rates on the last trading day of the year, but there should be sufficient liquidity in the marketplace, as ample cash and constructive policy interventions point to tighter funding spreads. In total, the fed has now committed to providing $640 billion in liquidity over year-end.

2-year yields are expected to reach

And 10-year yields are seen at

Source: J.P. Morgan research estimates

Credit

We forecast moderate spread tightening across the global credit complex. Depending on market segment, we are forecasting that spreads will tighten 5-10% and have slightly higher confidence levels in high grade than we do high yield.

Stephen dulake global head of credit research at J.P morgan research

Credit spreads, or the difference in yield between U.S. Treasuries and other debt securities are tightening across the global credit complex. Lower risk, investment grade corporate bond spreads are expected to tighten by around 15 basis points, as net issuance falls roughly 30%.

“we forecast moderate spread tightening across the global credit complex. Depending on market segment, we are forecasting that spreads will tighten 5-10% and have slightly higher confidence levels in high grade than we do high yield, in turn reflected in modest decompression between the two. This said, we do expect some further compression between EM corporates and sovereigns in the coming year,” stephen dulake, global head of credit research at J.P. Morgan research.

Fallen angel risk, or corporate bonds that have lost their investment grade status, is mitigated by lower BBB issuance and deleveraging by some of the largest BBB issuers. J.P. Morgan research is neither forecasting a recession nor a material rise in interest rates for 2020. For U.S. High yield, full-year returns of 7.5% are expected, EM corporates are forecast to outperform sovereigns in the coming year, though will perform broadly in line with DM corporates.

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**данные, полученные из независимых источников, подтверждают, что сводный недельный спред по EURUSD был лучше, чем среди 32 прямых конкурентов в секторе форекс в 96% времени в период с января по декабрь 2019 года.

***среднее время исполнения ордера, включающее его получение, обработку и подтверждение исполнения, составляет 36,5 мс.

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JP markets

Running a scam and stealing money from customers

The forex industry has plenty of scammers, which put a bad name to this industry. In this article, I’m exposing a prominent scammer of the forex industry, JP markets.

They like to call themselves “the biggest forex broker in south africa” . It is certainly a prominent name in the market, but that doesn’t mean they are reliable or trustworthy.

In the following JP markets review, I’ll tell you how they are running a deliberate scam and have victims all over the globe. They are stealing money from their customers and they think they can get away with it.

Running a scam and stealing money from customers

The forex industry has plenty of scammers, which put a bad name to this industry. In this article, I’m exposing a prominent scammer of the forex industry, JP markets.

They like to call themselves “the biggest forex broker in south africa” . It is certainly a prominent name in the market, but that doesn’t mean they are reliable or trustworthy.

If you’re considering doing business with these guys then the following review will help you in making a better-informed decision. They have paid reviewers everywhere so you can hardly find a genuine review of their services.

What is JP markets?

JP markets is a forex broker based in south africa. It received its license from the FSB (financial services board), which is a reputed organization. JP markets entered the market in 2016 and in a small time, they have become one of the biggest brokers in south africa.

They are situated at nelson mandela square, maude street, west tower floor 2, gauteng 2146.

JP markets trades in many asset types such as commodities, indices, and shares. They have several awards to their name too, which could fool anyone. Apart from south africa, JP markets has offices in pakistan, kenya, and bangladesh.

The scam of JP markets

JP markets is running a huge scam. They steal funds from the accounts of thier customers and show simulated trades instead of real ones to deceive traders. There are numerous complaints against these people.

But before I begin discussing the various customer complaints in this JP markets review, I think it’s necessary to highlight the signs of their scam. This way, if you notice these signs anywhere else, you’d know that they are running a forex scam:

The excessive leverage

The first sign of the JP markets scam is their excessive leverage. JP markets offers 1:500 as their leverage, which is substantially high for any forex broker. The recommended leverage is 1:50. The strict regulatory authorities in the US and the UK put restrictions on the amount of leverage brokers can offer to traders.

In the US, for example, the highest leverage a broker can offer is 1:50, which is ten times less than the one JP markets offers. High leverage ratios expose a trader to higher risk. You can lose your entire investment with only a 0.20% loss if you’re availing the leverage JP markets offer.

Provision of hidden fees

JP markets claim everywhere that they don’t charge any fees on transactions. The most important words in the last sentence were ‘on transactions’. JP markets doesn’t specify anything else about their fees on their website.

To do that, you’d have to go deep into their terms and conditions and find any mention of charges or fees. I did, and I found that they do charge numerous kinds of fees, they just don’t say that on their website.

For example, JP markets charges a maintenance fee of $10 per month but it’s not mentioned anywhere on the website. You can find that in their T&cs (terms and conditions) here:

If your account remains inactive for three months, JP markets would charge $50, and then, they can charge any lower amount (they don’t specify what amount) before suspending your account. You can see that here:

They also mention that their charges vary from time to time and you can find that on their website, but this information is unavailable. You can check out their website yourself, they don’t mention their fees at all. But they have this provision in their T&cs so they can charge anything at anytime:

Apart from that, they can take all of your profits under the suspicion of shady activities. This provision might seem like a great thing at first, but it’s the sole tool they use to freeze their customers’ accounts and steal funds from them. You can see that provision below:

You must’ve seen that they mention a ‘trading conditions’ section in their T&cs but that’s not present anywhere on their website.

They have a complex web of greedy terms and conditions which allows them to charge hidden fees. In other words, they are legally allowed to steal from their clients.

Complicated website

While writing this JP markets review, I had to do a lot of digging in because JP markets’ website is a piece of trash. JP markets have kept their website highly complicated and much of crucial information inaccessible.

They know that only a small percentage of visitors would ever dig through this much of their website. They take advantage of the general laziness we have in us.

As I’ve pointed out above, their website has no ‘trading conditions’ section. This means, you can’t find out what kind of spreads they offer, what charges they levy, what their offered leverage is.

Most of this information is not even present on their website. The reason why they don’t want you to find this information is because they don’t want you to see the truth. A complicated website makes it difficult for any new visitor to find anything.

Their website is filled with their fake claims, and that’s the only thing you can find there with ease.

No info on JP markets’ trading account

Another prominent sign that these guys are a scam is they literally provide zero information on their trading account. They have kept this information hidden for a purpose because they want you to sign up and agree to their shady terms and conditions and find out later what you’ve agreed to.

They don’t give you any information on the spreads they offer, the minimum deposit or the account types (if there are any) present on their platform. All of this is crucial to establish trust and transparency.

You might ask, “why would someone sign up without this information?” I know the answer and so does JP markets. The answer is: bonuses.

Greed is a powerful emotion and JP markets takes full advantage of it. They have an entire section dedicated to their promotions. JP markets bonus is a prominent thing people look for when searching for JP markets:

Bonuses and promotions are a good thing. But JP markets uses them to distract people from the fine print. This way, they can scam people easily without worrying about them finding out their reality.

Bonuses also help them in creating a sense of urgency in their customers. At the time of writing this review, they are offering a 200% deposit bonus on their website for a “limited period of time”:

You should note that you can use this ‘bonus’ only on their platform and it’s not withdrawable.

In a sense, the bonus is just a number which reflects in your trading account. You don’t really derive any benefit from it, but they do, a new scapegoat in the form of a new customer.

Ambiguous info on team

These guys love to keep things ambiguous. They love ambiguity so much that the entire ‘about’ section of their website is filled with fluff. Not just that but they also don’t share anywhere what people are behind the operations of the company. The only mention of anyone behind their operations is of their founder, which is also quite hard to find.

The founder of JP market is justin paulsen who, according to their company profile, has spent some time working at a prominent brokerage. He graduated from the university of cape town in economics and finance. He has also passed the qualifying exams to become a broker.

However, apart from that, JP markets don’t provide any information on their founder. There must be some other people in the company too who help the founder in running the company. But JP markets doesn’t share any piece of information about them. Even the information on their founder, justin paulsen, is very ambiguous. They don’t specify how much time he spent in the forex industry.

It seems as if their founder is an inexperienced (or possibly a made-up) professional who doesn’t know much about forex. Otherwise, why would they hesitate in sharing information about their founder? Such ambiguity shows that something’s wrong in this company.

Why do people fall for the JP markets scam?

With so many drawbacks and signs, anyone can find JP markets shady but why do people don’t?

Why are people falling for this scam repeatedly?

I know you must be pondering these questions. Here are the main reasons why the JP markets scam is successful:

Fake claim of no fees

On their homepage, JP markets claims that they charge no fees. You can see that in the screenshot below:

I’ve already exposed this lie. They are charging you but they just don’t mention it on their website. However, many people don’t find out the truth. They believe what JP markets tells them and think they would get a forex broker that doesn’t charge anything.

It’s quite a convincing offer too. Imagine hiring a service provider that doesn’t charge you anything but claims to be ‘one of the best’. Anyone would think that they should at least give it a try.

Their fake claim on their fees is just one of the many reasons why people fall for their scam.

Metatrader trading platform

If there’s one good quality they have, it’s their trading platform. They are using the world-renowned metatrader 4 platform to serve their customers.

Metatrader 4 (also known as MT4) is a product of metaquotes software and since it arrived in the market, it has become the most popular trading platform among brokers. It offers multiple features such as indicators, and automated trading, which make it the first-choice for many traders.

Having a reliable trading platform helps JP markets appear reliable too.

Professional-looking website

JP markets have a good-looking website. You’d think you’ve arrived at a prominent company’s site when you’d visit it. This also helps them in deceiving people.

First impressions matter and a professional website helps JP markets considerably in this regard.

Useless resources on the site

JP markets utilize a unique tactic to appear trustworthy. They have filled their website with useless resources. They even offer a course there!

In their resources, they aim to teach new traders about the basics of forex. While these resources don’t really provide any value, it helps them in appearing reliable.

Plus, they have an active blog which makes them seem active and quick:

Numerous victims on the internet

JP markets are deceiving numerous people over the internet. Some of thier victims have spoken about them on different platforms. I’m sharing screenshots of their complains here so you can see just how huge the scam of this broker is.

In the first complaint, the reviewer shares her experiences as to how she was only shown a simulated transaction instead of a real one. She has also shared that she had lost her entire investment because of their negligence. The second complaint is about the security of the reviewer’s account.

Sometimes they blame a shabby internet connection for deducting funds from their client’s account. In these cases, only you lose the money and they get away scot free.

There are numerous complaints against this broker all over the internet. Some people have lost their entire investment for a random reason, others realized that they fell prey to the hidden fees of this scammer.

Here are some more:

Another issue you might’ve noticed is these guys don’t respond to their clients’ complaints. It just shows how terrible their customer service is and how they only care about the funds a person deposits, nothing else.

There could be more…

Although I have shared multiple examples in this JP markets review, you should know that’s not all. Only 50% of those consumers leave a review who a business requests to review them. Moreover, we’re talking about complaints here. Many people don’t know that they can complain about their experience with JP markets online.

The number of JP markets’ victims could be in hundreds. That’s why I urge you to not do business with them. They are a scam!

JP markets review: conclusion

Finally, we’re at the conclusion of my JP markets review. JP market is running a humongous scam and they already have hundreds of victims. Don’t become their next victim and stay away from them.

JP markets - south africa's and africa's biggest forex broker

JP markets is a global forex powerhouse. We set high standards for our services because quality is just as decisive for us as for our clients. We believe that versatile financial services require versatility in thinking and a unified policy of business principles. We continue to grow everyday thanks to the confidence our clients have in us. We are licensed and regulated by the financial services board, south africa, FSP 46855.

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