Forex traders are constantly looking for a better broker with excellent services to suit their strategies and trading preferences. With over a thousand online forex brokers, making the right choice is becoming an uphill task. Both BlackBull Markets and JP Markets offer almost similar trading services. However, there are differences in their regulations, reputations, and operations. BlackBull Markets is regulated in two tier-1 jurisdictions, and one tier-4 jurisdictions including FMA, FSA -S, and FSPR. On the other hand, JP Markets is regulated by FSB , FSCA. Each of the brokers has its strengths and weaknesses.
In this review, we will analyze and compare the two brokers. We will also explore fees, features, trading platforms, and the pros and cons of each broker to enable traders to make the right choices.
BlackBull Markets
Founded in 2014 in Auckland, New Zealand by Michael Walker and Selwyn Loekman, BlackBull is a forex and CFD broker that enables the trading of over 26,000 instruments including forex, CFDs, real stocks, and ETFs. The available platforms are MT4, MT5, TradingView, cTrader, BlackBull shares and BlackBull Trade. Social trading is through BlackBull CopyTrader and ZuluTrade. Trading tools such as free VPS and Autochartist are provided. To learn more about Blackbull Markets, you can read our review where we have covered features, pros, cons, and more.
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JP Markets
Founded in 2006, JP Markets is a South Africa-based forex and CFD broker that offers online trading services. The platform provides access to the MetaTrader 4 and Mobile forex trading platforms. JP Markets.co.za offers over 25 forex currency pairs, CFDs, stocks, gold, silver, oil, bitcoin, and other cryptocurrencies for investment and trading options. However, the broker lacks regulation from other top-tier regulatory authorities like ASIC, CySEC, FCA, etc.
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BlackBull Markets vs : JP Markets Features
BlackBull Markets
- Trading Instruments: 26000+ trading instruments in 80 markets including Forex, Crypto CFDs, Indices CFDs, Commodities CFDs, Stocks CFDs,
- Maximum leverage: up to 1:500
- Minimum Deposit: $0 for standard, $2000 for Prime, $20,000 for Institutional account
- Account Types: Offers 3 account types including ECN standard, ECN Prime, and ECN institutional.
- Fees: starting from 0.8 pips for a standard account, (0.1 pips + $6) per lot for an ECN Prime Account, and (0.0 Pips +$4) for an Institutional account.
- PAMM/ MAM: Yes,
- Zulutrade: Yes
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
JP Markets
- Trading Instruments: A variety of trading instruments including, forex, 25 forex currency pairs, CFDs, stocks, gold, silver, oil, bitcoin, and other cryptocurrencies
- Maximum Leverage: The maximum leverage of JP Markets is 3000:1. However, leverage may vary based on account type, tradable assets, or jurisdiction.
- Minimum Deposit: The minimum deposit of JP Markets is R100
- Account Types: Five Account Types ( Premium, VIP, Islamic, Zero Stop Out, ZPM Bonus 300)
- Trading Fees: spreads starting from 0.5 pips for VIP Account, 1 Pip for Premium Account, 1.5 pips for Islamic Account, 3 pips for Zero Stop Out Account, and 2 Pips for JPM Bonus Account.
- PAMM/ MAM: Not available
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
BlackBull Markets vs JP Markets: Side By Side Comparison
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BlackBull Markets vs JP Markets: Pros and Cons
BlackBull Markets Pros & Cons
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JP Markets Pros & Cons
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BlackBull Markets Vs JP Markets: Our Scores and Ratings
We rated both brokers, BlackBull Markets and JP Markets, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.
BlackBull Markets:
JP Markets
Final Verdict :
BlackBull Markets and JP Markets are forex and CFD brokers. They offer similar trading services. Both brokers allow scalping, EA trading, Copy Trading, hedging, etc. The minimum lot size for both brokers is as low as 0.01.
However, there are differences in some areas. For example, the minimum deposit for BlackBull Markets is $0, whereas the minimum deposit for JP Markets is $1. Additionally, the maximum leverage for the BlackBull Markets is 500:1. In contrast, the maximum leverage for JP Markets is 2000:1.
Our score for BlackBull Markets is 8.2, and for JP Markets, it is 6.2 So, if you are looking for the most trusted forex brokers with low spreads, you may choose BlackBull Markets. However, If you prefer a lower minimum deposit forex broker that offers similar services, you may choose JP Markets.
