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

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Oanda vs JP Markets: In a Nutshell

Oanda

Founded by Drs. Stumm and Olsen in the USA in 1996, Oanda is one of the oldest and most experienced forex brokers in the world. The broker expanded into Asia in 2007, opened its London office in 2011, and its Sydney office in 2014. On its platforms, you can trade over 3,000 forex pairs, CFDs, and even real stocks. The broker is regulated by top regulatory authorities including ASIC, CFTC, IIROC, FCA, PFSA, MAS in Singapore, FSA in Japan, and FSC in BVI. Oanda offers multiple trading platforms such as MT4, MT5, the fxTrade app, and TradingView. Oanda is also known for its currency transfer services as well as its MarketPlus trading analytics. To learn more, you can read our review on Oanda, where we cover features, pros, cons, and more

Oanda Overview

Oanda Overview
  • Founded In: 1996
  • Founder:  Dr. Stumm (a computer scientist), and Dr. Olsen (an economist)
  • Headquarters: New York, United States
  • Trading Instruments: 100+ trading Instruments including forex, indices, shares, commodities, metals, cryptocurrencies, metals
  • Minimum Deposit: No minimum Deposit is required. You may deposit as low as $1
  • Maximum Leverage: 1:50 (US), 1:30 (EU), 1:200 (other regions)
  • Regulations: ASIC, CFTC, IIROC, FCA, PFSA, MAS in Singapore, FSA in Japan, FSC in BVI
  • Trading platform: MT4, MT5, fxTrade app, Tradingview
  • Account Types: Standard, Elitetrader
  • Trading Fees: Spreads starting from 0.6 pips (EUR/USD pair)
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, ACH Payments (echeck), BPAY, CHAPS, Check, DBS Bill Payment, Local Bank Deposits, Local Bank Transfers, Neteller, Payment Asia, PayNow, PayPal, SEPA Credit Transfer (SCT), Skrill
  • US Traders:  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

Oanda vs : JP Markets Features

Oanda:

  • Trading Instruments: CFD trading is not allowed for US clients; however, non-US clients can trade CFDs
  • Maximum leverage: The maximum leverage of Oanda is 1:200 (global), 1:50 (US), 1:30 (EU)
  • Minimum Deposit: No Minimum Deposit. 
  • Account Types: Two (Standard, Elitetrader) 
  • Trading Fees:  Spreads range from 0.1 to 0.6, and commissions range from 3.5 to 4 per lot (depending on account type).
  • PAMM/ MAM:  
  • 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

Oanda vs JP Markets: Pros and Cons

Oanda

Pros
  • Regulated by the CySEC, FCA, CFTC, JFSA, IIROC, ASIC, MAS and FSC BVI
  • Clients can trade over 1800 forex/CFDs and over 2000 real stocks.
  • Platforms: MT4, MT5, and Oanda mobile apps on iOS and Android.
  • Trading tools provided are MetaTrader premium tools, Autochartist, Market pulse analysis, etc.
  • Customer support is provided in multiple languages and via different channels.
  • Fast and user-friendly account opening
  • The TradingView platform is available, alongside several VPS services for MT4 hosting.
Cons
  • Bank withdrawals incur a fee which is transferred to the trader.
  • Premium core accounts require a minimum balance of $20,000
  • Inactivity fees are charged from dormant accounts.
  • No account protection for U.S. clients
  • No guaranteed stop-losses for U.S. or U.K. clients
  • Traders in the U.S. cannot access single-stock CFDs
  • No cent accounts, bonus programme for beginner traders

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

Oanda vs JP Markets: Side-by-Side Comparison

Oanda
JP Markets
Product
Founded In
Founded In
1996
2016
Founded By
Founded By
Dr. Michael Stumm & Dr. Richard Olsen
Justin Paulsen
Headquarters
Headquarters
New York, New York, United States
Johannesburg, South Africa
Regulations
Regulations
ASIC, CFTC, FCA,PFSA,MAS, FSA
FSCA
Min Deposit
Min Deposit
None
$1
Max Leverage
Max Leverage
500:1
500:1
Tradable Assets
Tradable Assets
Forex, Indices , Metals , Shares, Commodities, Cryptocurrencies
Forex; Stocks; Indices; Commodities
Fees
Fees
Spread from 0.8 pips
Spread from 0.0 pips
Platforms and Tools
Platforms and Tools
MT4, MT5, fxTrade app
MT5
US Traders
US Traders
Allowed
Not Allowed

Oanda Vs JP Markets: Our Scores and Ratings

We rated both brokers, Oanda 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.

Oanda :

8.8
Total Score
Regulation and Security (40%)10
Fees and Commissions (20%)7
Trading (15%)8
Trading tools (10%)9
Customer Support (10%)9.2
Trading Education (5%)7

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 :

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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