XM vs JP Markets: Compare Features, Pros, Cons and More

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XM vs JP Markets: In a Nutshell

XM

Founded in 2009, XM is a forex and CFD broker that offers online trading services globally. It provides access to over 1000+ trading instruments including forex, cryptocurrencies, stock CFDs turbo stocks, commodities, equity indices, thematic indices, precious metals, energies, and shares. The broker is regulated by multiple reputable regulatory authorities, including FSC, ASIC, CySEC, DFSA, and FSCA. The broker offers a full edition of the popular MT4 and MT5 platforms, which include numerous proprietary indicators. XM offers a maximum leverage of 1:1000 to its clients. It is a low-cost broker with spreads starting from as low as 0.6 pips. To learn more, you can read our review on XM.

XM Overview

XM Overview
  • Founded In: 2009
  • Founder: Constantinos Cleanthous
  • Headquarters: Limassol, Cyprus.
  • Trading Instruments: 1000+ trading instruments including forex, cryptocurrencies, stock CFDs turbo stocks, commodities, equity indices, thematic indices, precious metals, energies, shares
  • Minimum Deposit: $5 for Micro, Standard, Ultra low accounts, and $10,000 for share accounts
  • Maximum Leverage: up1000:1 for Standard, Micro, and Ultra-low accounts, No leverage for share account
  • Regulations: FSC, ASIC, CySEC, DFSA, FSCA
  • Trading platform: MT4, MT5, XM trading apps 
  • Spreads: As low as 0.6pips 
  • Account Types: Standard, Micro, Ultra-low, Share  accounts
  • Trading Styles: Allows all trading styles including scalping, news trading, copy trading, EA trading
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Neteller, Skrill
  • Funding Currencies: USD, EUR, GBP, JPY, CHF,‎ AUD, HUF, PLN, SGD, ZAR
  • 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

XM vs : JP Markets Features

XM:

  • Trading Instruments: 1000+ including  Forex, Crypto CFDs, Indices CFDs, Commodities CFDs, Stocks CFDs, Turbo Stocks CFDs, Metals CFDs, Energies CFDs
  • Maximum leverage: up to 1000:1 
  •  Minimum Deposit: $5 or Equivalent
  • Account Types: Micro, Standard, Ultra Low, Shares Accounts 
  • Fees: Starting from 0.6 in Ultra-low account, 1 Pips for standard account, and 1 Pips for Micro 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

XM vs JP Markets: Pros and Cons

XM

Pros
  • Regulated by CySEC, ASIC, DFSA in UAE, and FSC Belize.
  • Easy and fast account opening
  • Minimum deposit is $5
  • Over 1000 forex/CFDs are available for trading.
  • MT4 and MT5 are the available trading platforms.
  • Quality research, market analysis, and access to trading tools like Autochartist.
  • Quality training for newbies and ‘ultra-low micro account’ for beginners.
  • High leverage up to 1000:1 (this leverage is not available to all the entities of the Group)
Cons
  • Dormant fees are charged after 3 months of no account activity.
  • Trading of real stocks is not available to European traders.
  • Traders have no other choice apart from the MetaTrader platforms.
  • Limited tradable assets.
  • No passive investment services (social trading platform, PAMM accounts);
  • Funding with PayPal is unavailable

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

XM vs JP Markets: Side-by-Side Comparison

XM
JP Markets
Product
Product
XM
JP Markets
Founded In
Founded In
2009
2016
Founded By
Founded By
Constantinos Cleanthous
Justin Paulsen
Headquarters
Headquarters
Limassol, Cyprus
Johannesburg, South Africa
Regulations
Regulations
ASIC, CySec , FSC , DFSA, FSCA
FSCA
Min Deposit
Min Deposit
$5
$1
Max Leverage
Max Leverage
1000:1
500:1
Tradable Assets
Tradable Assets
Forex , Commodities, Stock ,Indices , Crypto , Turbo Stocks Equity indices , Precious Metals , Energies
Forex; Stocks; Indices; Commodities
Fees
Fees
Spreads as low as 0.6 pips
Spread from 0.0 pips
Platforms and Tools
Platforms and Tools
MT4 , MT5
MT5
US Traders
US Traders
Not Allowed
Not Allowed

XM Vs JP Markets: Our Scores and Ratings

We rated both brokers, XM 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.

XM :

9.3
Total Score
Regulation and Security (40%)9.6
Fees and Commissions (20%)9.5
Trading (15%)8.4
Trading tools (10%)8.6
Customer Support (10%)9.5
Trading Education (5%)9.4

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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