XM and JP Markets are Forex and CFD brokers offering online trading services to traders and investors worldwide. Both brokers are regulated by top-tier regulatory authorities. XM is regulated by 5 regulatory authorities , including the ASIC, CySEC, DFSA, FSCA, FSC in Belize (Global) . On the other hand, JP Markets is regulated by 2 regulatory authorities , including the FSCA , FSB. These two brokers offer almost similar services. However, each broker has its strengths and weaknesses.
In this article, we will compare XM with JP Markets regarding trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. We will also explore if XM is better than JP Markets. This comparison lets you understand which broker is better for your trading style and preferences.
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.
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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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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
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JP Markets
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XM vs JP Markets: Side-by-Side Comparison
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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 :
JP Markets
Final Verdict :
XM and JP Markets are regulated forex and CFD brokers in the industry. They offer similar trading services. Both brokers allow scalping, hedging, EA trading, and Copy trading. The minimum order size for both of them is 0.01.
However, there are a few areas where you may find some differences. For example, the minimum deposit for XM is $5., whereas the minimum deposit for JP Markets is $100. Additionally, the maximum leverage for XM is 1:1000. In contrast, the maximum leverage for JP Markets is up to 1:2000. XM offers passive investment programs like MAM and PAMM, while JP Markets does not have any passive investment programs.
Our score for XM is 9.3, and for JP Markets, it is 6.2 So, if you are looking for the most trusted forex brokers with MAM and PAMM services, you may choose XM. However, if you prefer another forex brokers that offer similar services, you may choose JP Markets.
