FBS vs JP Markets | Compare Features, Safety & More 2023

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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 FBS and JP Markets offer almost similar trading services. However, there are differences in their regulations, reputations, and operations. FBS is regulated in two tier-1 jurisdictions and one tier-4 jurisdictions, including ASIC , FSC , CySEC. 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.

FBS vs JP Markets: In a Nutshell

FBS

Established in 2009, FBS is one of the leading forex and CFD brokers, offering online trading services worldwide. It is a global brand with headquarters in Belize and regional offices in Cyprus and the Marshall Islands. FBS provides opportunities for trading forex, stocks, metals, energies, and indices. It has about 17 million clients and over 60 prestigious awards for excellent services. FBS.eu offers low spreads and split-second executions without requotes. FBS is one of the highest leverage forex brokers, with leverage up to 1:3000 for its global clients. The broker’s spreads start from 0.7 pips. To know more, you can read our review on FBS.

FBS Overview

FBS Overview
  • Founded In: 2009
  • Founder:  Satthakarn Chuenkomol
  • Headquarters: Belize City, Belize
  • Minimum Deposit: $5
  • Maximum Leverage: 1:3000
  • Regulations: ASIC, FSC, CySEC  
  • Trading platform: MT4, MT5, Webtrader
  • Account Types: Standard, Cent, Pro
  • Payment Options: VISA, MasterCard, Local Exchangers, Neteller, PerfectMoney, Skrill, SticPay
  • US Traders: Not Accepted

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.

JP Markets Overview

JP Markets Overview
  • Founded In: 2016
  • Minimum Deposit: $1
  • Maximum Leverage: 500:1
  • Regulations: FSCA
  • Trading platform: MT5
  • Account Types: Standard, Premium, VIP, Islamic
  • Payment Options: VISA, MasterCard, iPay, Local Bank Transfers, M-Pesa, PayFast, Skrill, SnapScan
  • US Traders: Not Accept

FBS vs : JP Markets Features

FBS:

  • Trading Instruments: Forex, Stock, Indices, Crypto, Metals, Energies, Forex Exotic.
  • Maximum leverage: 1:3000
  • Minimum Deposit: $5
  • Account Types: Three ( Standard, Cent, Pro) 
  • Trading Fees: Spread starting from 1 pip for Standard Account and Cent Account
  • PAMM/ MAM: Not available 
  • 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

FBS vs JP Markets: Pros and Cons

FBS

Pros
  • Regulated by the CySEC, ASIC, FSCA South Africa, and FSC Belize.
  • The Maximum Leverage is as high as 1:3000
  • The Minimum deposit is $5 
  • Trading is on the MT4, MT5, and FBS trader platforms.
  • There is an account type to suit newbies, experienced, and pro traders.
  • Low spreads, high leverage, and fast order executions
  • Easy and fast account opening
  • Forex Guidebook, Forex Intensive, trading ideas, webinars, and other training resources are provided.
Cons
  • Tradable assets are not much, especially when compared to other top brokers.
  • Daily Market news and analysis on FBS.eu are not regularly updated.
  • No premium trading tools to assist traders.
  • No investor protection for non-EU Clients 
  • Managed Accounts & Social Trading is unavailable 
  • Few Account Base Currencies

JP Markets

Pros
  • Regulated by FSB, South Africa.
  • The maximum leverage is as high as 2000:1.
  • The minimum deposit is as low as $1.
  • Offers MT5 Trading platforms.
  • 5000+ Trading Instruments including Forex, Stocks, Indices, Commodities, and Cryptos.
  • Same Day Deposits and Withdrawals.
  • Offers Bonus based on account Types.
  • Demo accounts are available.
  • Free courses and webinars are available.
Cons
  • Not regulated by top-tier regulatory authorities such as FCA, ASIC, CySEC, etc. 
  • Lack of Transparency 
  • Mainly aimed at South African clients
  • Scalping, hedging, and automated trading are not permitted
  • Limited choice of trading platforms (Only Metatrader) 
  • Spreads are sometimes wide 
  • Requires the monitoring of functionality

FBS vs JP Markets: Side-by-Side Comparison

FBS
JP Markets
Product
Product
FBS
JP Markets
Founded In
Founded In
2009
2016
Founded By
Founded By
Satthakarn Chuenkomol
Justin Paulsen
Headquarters
Headquarters
Belize city, Belize
Johannesburg, South Africa
Regulations
Regulations
FSC, Cysec, ASIC
FSCA
Min Deposit
Min Deposit
5$ ($5 for global Clients, $10 for EU Clients)
$1
Max Leverage
Max Leverage
1:3000
500:1
Tradable Assets
Tradable Assets
Forex, stocks, indices, metals, and energies.
Forex; Stocks; Indices; Commodities
Fees
Fees
Spread from 0.7 pips
Spread from 0.0 pips
Platforms and Tools
Platforms and Tools
MT4, MT5, Webtrader, Meta Tader Multiterminal, VPS, Economic Calendar
MT5
US Traders
US Traders
Not Allowed
Not Allowed

FBS Vs JP Markets: Our Scores and Ratings

We rated both brokers, FBS 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.

FBS :

8.8
Total Score
Regulation and Security (40%)9.6
Fees and Commissions (20%)9.4
Trading (15%)8
Trading tools (10%)5
Customer Support (10%)9.5
Trading Education (5%)9.5

JP Markets

6.2
JP Markets Scores
Regulation and Security (40%)5
Fees and Commissions (20%)7
Trading (15%)7
Trading tools (10%)6
Customer Support (10%)7
Trading Education (5%)8

Final Verdict :

FBS 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 FBS is $5. whereas the minimum deposit for JP Markets is $1. Additionally, the maximum leverage for the FBS is 3000:1. In contrast, the maximum leverage for JP Markets is 500:1. 

Our score for FBS is 8.8, 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 FBS. However, If you prefer a lower minimum deposit forex broker that offers similar services, you may choose  JP Markets.

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

DisclosureAt Brokersway we're committed to delivering unbiased information. our opinions are our own and are not influenced by the payment we receive from our advertising partners. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money.

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