JP Markets offers Four major accounts: Standard Accounts, Premium, VIP Account and Islamic Account. The raw spread account can be of two types: Classic and Raw account. The Standard account is spread-based, while the Raw Spread account is commission-based. Additionally, based on client type (Client profile), JP Markets offers a good number of account types:
Below is the full list of account types offered by JP Markets:
- Standard Account,
- Premium Account
- VIP Account
- Islamic Account
JP Markets Standard Account: Best for Beginners
JP Markets Standard Accounts are designed to meet the needs of retail traders in the forex and CFD markets. These accounts suit beginner traders, offering a straightforward and accessible trading experience with competitive spreads and reliable execution.
Key Features of JP Markets Direct Account:
- Applicable For: Applicable for all jurisdictions including FSB,FSCA
- Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity.
- KYC Verification: Required
- Trading Instruments: Forex, indices, commodities, and stocks
- Trading Platforms: MT5
- Minimum Deposit: R100
- Maximum Leverage: Up to 30:1 (CySEC, ASIC), up to 1000:1 (FSA), and up to 500:1 for a professional account.
- Trading Fees: Only Spread is charged (No Commission). Variable spreads from 1.5 pips. A rollover commission is applied on open positions overnight.
- Minimum Trade Size: 0.01 lot.
- Maximum Trade Size (Lot restriction per Ticket): 200 Lots
- Funding Currencies: USD, ZAR
- Maximum Number of Positions ( At a time): 200 for MT4, MT5 Live account, 100 for MT4, MT5, demo accounts, 2000 for Ctrader trading account.
- Maximum Volume per trade: The maximum volume per trade ranges from 50 to 250 lots, depending on the platform type and tradable assets. For Shares CFDs, the maximum volume is 1000 shares in total
- Trading Style Allowed: All including Scalping, hedging, and EA Trading.
- Stop Out Level (retail): 30%
- Margin Call Level: 50%
- Negative balance Protection: Yes
- Investor Protection: Available under ASIC and CySEC regulations. However, the Investor protection scheme does not apply to FSA jurisdiction.
JP Markets Premium Account: Best for Beginners
Key Features of Premium Account:
- Applicable For: Applicable for all jurisdictions including FSB,FSCA
- Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity.
- KYC Verification: Required
- Trading Instruments: Forex, indices, commodities, and stocks
- Trading Platforms: MT4,
- Minimum Deposit: R1500
- Maximum Leverage: Up to 30:1 (CySEC, ASIC), up to 1000:1 (FSA), and up to 500:1 for a professional account.
- Trading Fees: Only Spread is charged (No Commission). Variable spreads from 1.0 pips. A rollover commission is applied on open positions overnight.
- Minimum Trade Size: 0.01 lot.
- Maximum Trade Size (Lot restriction per Ticket): 200 Lots
- Funding Currencies: USD, ZAR
- Maximum Number of Positions ( At a time): 200 for MT4, MT5 Live account, 100 for MT4, MT5, demo accounts, 2000 for Ctrader trading account.
- Maximum Volume per trade: The maximum volume per trade ranges from 50 to 250 lots, depending on the platform type and tradable assets. For Shares CFDs, the maximum volume is 1000 shares in total
- Trading Style Allowed: All including Scalping, hedging, and EA Trading.
- Stop Out Level (retail): 30%
- Margin Call Level: 50%
- Negative balance Protection: Yes
- Investor Protection: Available under ASIC and CySEC regulations. However, the Investor protection scheme does not apply to FSA jurisdiction.
JP Markets VIP Account: Best for Beginners
Key Features of Premium Account:
- Applicable For: Applicable for all jurisdictions including FSB,FSCA
- Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity.
- KYC Verification: Required
- Trading Instruments: Forex, indices, commodities, and stocks
- Trading Platforms: MT4,
- Minimum Deposit: R5000
- Maximum Leverage: Up to 30:1 (CySEC, ASIC), up to 1000:1 (FSA), and up to 500:1 for a professional account.
- Trading Fees: Only Spread is charged (No Commission). Variable spreads from 0.5 pips. A rollover commission is applied on open positions overnight.
- Minimum Trade Size: 0.01 lot.
- Maximum Trade Size (Lot restriction per Ticket): 200 Lots
- Funding Currencies: USD, ZAR
- Maximum Number of Positions ( At a time): 200 for MT4, MT5 Live account, 100 for MT4, MT5, demo accounts, 2000 for Ctrader trading account.
- Maximum Volume per trade: The maximum volume per trade ranges from 50 to 250 lots, depending on the platform type and tradable assets. For Shares CFDs, the maximum volume is 1000 shares in total
- Trading Style Allowed: All including Scalping, hedging, and EA Trading.
- Stop Out Level (retail): 30%
- Margin Call Level: 50%
- Negative balance Protection: Yes
- Investor Protection: Available under ASIC and CySEC regulations. However, the Investor protection scheme does not apply to FSA jurisdiction.
JP Markets Islamic Account: Best for Beginners
Key Features of Islamic Account:
- Applicable For: Applicable for all jurisdictions including Forex, indices, commodities, and stocks
- Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity.
- KYC Verification: Required
- Trading Instruments: CFDs
- Trading Platforms: MT4,
- Minimum Deposit: R1500
- Maximum Leverage: Up to 30:1 (CySEC, ASIC), up to 1000:1 (FSA), and up to 500:1 for a professional account.
- Trading Fees: Only Spread is charged (No Commission). Variable spreads from 1.5 pips. A rollover commission is applied on open positions overnight.
- Minimum Trade Size: 0.01 lot.
- Maximum Trade Size (Lot restriction per Ticket): 200 Lots
- Funding Currencies: USD, ZAR
- Maximum Number of Positions ( At a time): 200 for MT4, MT5 Live account, 100 for MT4, MT5, demo accounts, 2000 for Ctrader trading account.
- Maximum Volume per trade: The maximum volume per trade ranges from 50 to 250 lots, depending on the platform type and tradable assets. For Shares CFDs, the maximum volume is 1000 shares in total
- Trading Style Allowed: All including Scalping, hedging, and EA Trading.
- Stop Out Level (retail): 30%
- Margin Call Level: 50%
- Negative balance Protection: Yes
- Investor Protection: Available under ASIC and CySEC regulations. However, the Investor protection scheme does not apply to FSA jurisdiction.
