Jp markets reviews 2021

The losses of the client are not the profits of the broker it has several advantages, which include:

Free forex bonuses

JP Markets Review, jp markets reviews 2021.

JP markets review

JP markets is among the many forex markets that are increasing in popularity. It gives its clients a single type of account with variable spreads, as well as additional benefits. However, the site does not allow the use of (EA) automated strategies, scalping and hedging.

Who is behind JP markets?

Established in 2016, JP markets is a forex broker that has its base in south africa, and happens to be the leading african and south african forex broker, with services expanding into other countries such as bangladesh, swaziland, kenya and pakistan.

The company operates under approval from the financial services board (FSB), south africa, FSP 46855. This gives the technology and platform allowing african-based clients to trade successfully in forex markets around the world.

JP markets focuses on assisting clients at a localized level through customer service as well as tools that can assist in succeeding on that front. The company prides itself on being the only brokerage worldwide that gives interest on trading accounts (this is subject to a specific minimum balance), as well as other industry firsts and benefits to various clients.

The founder is a south african entrepreneur, justin paulsen. He has extensive knowledge on the financial sector, having obtained a degree in economics and finance from the university of cape town. He has also worked with several brokers and forex agencies before setting up the company.

Trading services offered

You can trade up to 30 forex pairs, other cfds, gold, stock indices and oil on the site, which uses the MT4 (metatrader 4) platform.

You may wonder why the base is in south africa. One reason is that many investors view south africa as a country with great potential, since it is among the most developed countries on the continent. The regulator, FSA, has enforcing powers that allow it to deal with breaches in forex brokerage, while it also runs the office of the omud for financial services providers, which is a customer complaints service.

Regulation within the country is not among the best in the world, though there is some level of reliability in the sector. If you are a local broker with a trading license, you need to keep all your client funds in recognized banks in the country within segregated accounts.

Advantages of MT4 trade platform

As the industry standard platform, MT4 lends itself to various traders as an easier alternative, thanks to the richness of its features. It places itself among the leading platform in online trading due to its foreign exchange agency model implementation, unconventional organization of trading, as well as competitive assessments.

You can use algorithmic traders as well as expert advisors (eas), which automate your exchange and make the process easier for you. MT4 allows you to see the marketplace you are dealing with, all within real time, highly accurate and impeccably judge all your exits and entrances.

Accounts available on the platform

Clients have a single account type to choose, and this account comes with no commission fees imposition, fixed spreads, STP (straight through processing) market execution and leverage that reaches a maximum of 1:500. You can get PAMM services as well.

Straight through processing

This service means that the forex broker will send the customer’s order directly to larger brokers or banks without the order passing through a dealing desk. That implies that there are no delays in the process and the processing of transactions is faster.

It has several advantages, which include:

STP brokers make their money through addition of small commissions, which are markups to the spreads

The losses of the client are not the profits of the broker

When the trader loses or wins, the exact markup will go to the broker, so this eliminates conflict of interest

A related aspect to STP is NDD (no dealing desk), which gives brokers access to the inter-bank forex markets. In addition, this eliminates conflict of interest, filling orders and re-quotes.

Deposit and withdrawal options

The platform does not offer a wide range of deposit options. The bank option is ned bank, with the deposit details. Keep in mind that the south african reserve bank (SARB) will always convert international payments to their base rate. Other options include bitcoin, credit and debit cards, neteller and skrill.

You need an initial deposit minimum of R3500, and this is a reasonable amount especially when you compare it to other south african brokers. In addition, allocations of payments can take a maximum of 24 hours on business days (from monday to friday).

An interesting aspect to JP markets is the allowance for sending withdrawal requests through whatsapp, which is unseen on other platforms. The withdrawals are easy and fast to process (the process takes about 24 hours), and you can do the process on official working days from 9am to 5pm.

The platform uses secure and safe ways to send you your money, while all transactions undergo rigorous processing to ensure your money stays safe.

The option is through local bank transfer, as the site does not allow e-wallets or any other mediums of withdrawal. The time it takes to receive funds depends on the bank you use. For instance, standard bank, ABSA, nedbank and FNB allow you to get your money within the same day, while other banks could take up to two days.

As with any other withdrawal process, you need to have proof of documentation before you submit your withdrawal request. This includes scanned copies of your ID, bank statements and proof of address, all confirming your details as per regulations from the FSB.

Keep in mind that all withdrawals that you make through credit cards have an extra fee of R50. For the case of bank transfers, there are no charges for withdrawals, but you are liable for any fees that the individual bank charges in the transaction, including the use of intermediaries.

Commissions, leverages and spreads

The maximum amount of leverage you can get is 1:500, which many investors consider high, even with other brokers offering higher or similar rates.

Note that with higher leverage comes higher risks of losses, and this is the reason many jurisdictions set caps on leverage rates.

Any promotional bonuses?

There are a few promotions that the company offers, which include:

30% welcome on deposit bonus, and this is valid for 60 days

Currently, the minimum amount that qualifies you for any bonus is R3000. There is also not much information regarding bonuses.

The platform does not charge you extra commission fees, which may be a good thing. However, we do not like the spreads, as we find them too wide to be competitive – they are 2.4 pips on average for USD/EUR.

Even though fixed spreads are wider than floating ones generally, many other brokers will offer you a better deal.

Pros of the JP markets platform

The FSB regulates its activities

MT4 is available on the site

Same day deposits and withdrawals are possible

You can trade in rand, other than USD or EUR

There is a limited choice of trading platforms

The spreads are too wide

You cannot use eas, hedging or scalping techniques on the platform

Final thoughts

JP markets is a CFD south african broker and forex company that the FSA regulates actively. They support the MT4 platform, making them easy to use for many traders. However, the spreads are higher than the average, and this unfortunately places many restrictions on trade.

��top broker 2020 SA��

General risk warning: the financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose. For more infomation, read our disclaimer.

Forex brokers lab

BROKERS with LOW SPREADS

ASIC REGULATED BROKERS

BROKERS with MINIMUM DEPOSIT

BEST FOREX BONUSES

Regulators : –

Cryptocurrencies: YES

Minimum deposit: R3000

Maximum leverage: 1:500

Spreads: low

My score: 2.2

JP markets is a global forex broker. JP market is becoming increasingly popular around the world. The broker established in 2016 and has its base in south africa. JP markets and its branches have been established in the south african cities of johannesburg, polokwane, bloemfontein, cape town and pretoria, as well as an international presence in swaziland, kenya, pakistan and bangladesh.

When I look at their website, jpmarkets.Co.Za, 30% of visitors are from south africa. The company’s focus is on helping traders on a local level, providing clients with the personalized customer service and tools required for them to succeed in a fast-paced and exciting industry that can make them very wealthy.

JP markets’ vision is to play an instrumental role in the creation of at least 30 african-owned forex brokerages across africa by 2020 and assist in the creation of 500 forex millionaires in the next 10 years.

Is JP markets scam or safe broker? Is JP markets regulated? Is JP markets ECN or STP? What is the JP markets minimum deposit? Is JP markets suspended?

In this JP markets review, I will introduce all details about the broker. If you are wondering about JP markets minimum deposit, jp markets account types, regulation, spreads, leverage, JP markets minimum withdrawal, platforms and bonuses, you are in the right place to find them all.

What is JP markets?

JP markets is an international online broker that started operations in 2016. Although the company has been in business for several years, it has communicated with a wide customer base. It started out as a small company with a small office and several employees, but today it has offices in various countries of the world.

It was founded by a local entrepreneur who comprehensively understands international financial markets. JP markets tries to establish long-term relationships and offers trading opportunities to local and global investors.

JP markets has a base in south africa, in many countries, with operations that offer innovative opportunities in the trading of forex, metal and other instruments on an STP basis. JP markets has set the vision to create at least 30 forex brokers in africa by 2023 and to help create 500 african forex millionaires in the next 10 years.

Who is the founder of JP markets?

JP markets founder justin paulsen is a south african economist who loves to deal with international finance. He studied economics and finance at the university of cape town then he dived into private banking sector. He became a leader in south african forex brokerage. He worked with traders, hedge fund managers, asset managers, portfolio managers and forex traders. This is how JP markets emerged.

He thought he could do this and he started his own business, he initially started JP forex investments, he passed RE5 AND RE1 exams. And all these things created jp markets at the end.

JP markets account types, spreads and leverage

JP markets offers its clients two account types. These are jp markets STP standart account and jp markets ECN account. However, before proceeding with jp markets real account you can start with jp markets demo account just to get a sense whether it’ll be worth it or not.

The standard account has variable spreads, no commission fees, STP (straight through processing) market execution and leverage up to 1:500. JP markets’ leverage can be considered high. But do not forget that higher leverage comes with higher risks of losses. There is also PAMM services. JP markets does not have a strict minimum deposit. However, the recommended minimum deposit for JP markets is around R3,000, particularly if you require training.

There is also jp markets ECN (electronic communications network) account. Traders benefit from lower spreads, but this account type charges as trades are executed. Eg. Spreads will reflect a charge of 1 pip on the platform and then a “commission” of $10 per standard lot on execution.

An ECN account stands for the electronic communication network. It means that your orders are executed directly in the market.

What is the difference between ECN and STP JP markets accounts?

The difference between ECN and STP jp markets is, on the ECN account, there is a commission per transaction; whereas on a standard account, you will be charged on spread. Both accounts work out similar in cost so it is all dependent on what you as a trader prefer.

However, JP markets offers average spreads in the market. On average you can get EUR/USD for about 2 pips. I think JP markets’ spreads are little higher compared to the other brokers.

Account type	minimum deposit	spreads	leverage	minimum trade size
STP	R3,000	2 pips on EUR/USD	1:500	0.01
ECN	R3,000	1 pip + $10 com. Per lot	1:500	0.01

Trading platforms

JP markets MT4 (metatrader 4) is available as a trading platform. The MT4 is still preferred by most brokers and experienced traders. JP markets’ platform features advanced charting package, trading and analysis tools, alerts, signals, and customizable indicators. MT4 allows you to see the marketplace you are dealing with.

You can use JP markets login to enter your MT4 account and start trading. It is at the top right of the site called JP markets client login. If you are a partner of the company you will enter as a partner near the client login.

Trading products

You can trade up to 30 forex pairs, other cfds, gold, stock indices and oil on the site, which uses the MT4 (metatrader 4) platform. There is no other option.

You can enter and trade the markets manually or automatically with copy trader or copy master accounts. This means that with just a simple order copy, you can profit from the main accounts and the transaction without any information or deduction. Or, as a master trader, to gain extra exposure to the markets and management of larger capitals.

What are JP markets fees?

JP markets spreads are variable and worse than many forex firms in the market. It is about 2 pips for the average EUR / USD STP account. As I mentioned earlier, the ECN account has a $ 10 commission per lot, which is a better option for professionals, but can be used for anyone as a reference.

This spread determined for EUR / USD is quite high. There are many forex brokers that offer lower rates. JP markets fees seem to be unfavorable in this respect. So, there is no lucrative side to opening an account and trading.

What is the minimum deposit for JP markets?

JP markets minimum deposit is R3,000 which is around $200. It is high when we compare to the other forex brokers. The average minimum deposit is $ 100 in forex market, while JP markets requires twice that.

JP markets withdrawal and deposit methods are limited. The broker does not offer a wide range of deposit options. JP markets’ offers the possibility to send withdrawal requests via whatsapp, which are not seen on other platforms.

Withdrawals take approximately 24 hours. Withdrawals can be made on official working days from 09:00 to 17:00. There is no possibility to withdraw money on weekends and holidays. Before making a withdrawal request, for example, scanned copies of your identity, bank statements and proof of address are required.

JP markets bonuses and promotions

JP markets offers its clients some bonuses and promotions. One of them is ‘%200 deposit bonus’ aka jp markets welcome bonus. There are terms and conditions you can see them on their website. The second one is earning interest. The interest rate of approx. 7.2% per annum allocated weekly, means you’re earning interest like a savings account. You can see the details on their website. The last one is JPM card. You can be a VIP mastercard client by taking the card. Unfortunately, JP markets no deposit bonus is not available. Your bonuses are earned and you receive 5 dollars per lot. E.G.: if you receive a bonus of $50, you need to trade 10 lots in order to earn the full $50 bonus which you can then withdraw.

JP markets deposit and withdrawal methods

JP markets deposit are credit/debit cards, bank wire transfer, payfast, skrill, i-PAY, payfast.

Withdrawals on JP markets are now quick and easy, available to you through the client portal. This is the fastest way to submit a withdrawal.

Is JP markets suspended?

South africa, one of the most developed countries in africa, has a substantial financial market potential. JP markets also wants to be considered as a reliable broker in this market in order to gain a place in this market. The regulator is not one of the most reputable in the world, but it still has a certain level of reliability.

Subject to a qualified standard of how the broker operates, customers are protected by regulatory obligations that maintain trade security as well as other security rules related to money management and market integration.

In simple terms, legal obligations, which are subject to a qualified standard on how the broker works, serve the trade conditions, as well as maintaining a number of other security rules specifically for money management and market integration. Thus, there is negative balance protection, while merchants segregation provides the highest level of security, it is accompanied by the protection of the interests of all customers.

There is a question that worries the clients about the broker: is JP markets license suspended? The answer is yes and no. FSB suspended the license earlier but it’s been reissued recently. It means that you have to be careful if you want to open an account with this broker.

Customer services

How JP markets complaints is dealt with? In the unlikely event of you having any reason to feel dissatisfied with any aspect of their services, in the first instance you should contact their jp markets customer services department on +27(0) 87 828 0576 or email support@jpmarkets.Co.Za, as the vast majority of complaints can be dealt with at this level.

If customer services is unable to resolve the matter you may refer to it as a complaint to jp markets compliance department. Please set out the complaint clearly, ideally in writing. The compliance department will carry out an impartial review of the complaint with a view to understanding what did or did not happen and to assess whether they have acted fairly within their rights and have met their contractual and other obligations. A full written response will be provided with six weeks of receiving the complaint.

The broker has live chat but it was offline when I try to reach. JP markets contact details: black river office park 2 fir street observatory, cape town gatehouse building, 2nd floor.

What is jp markets whatsapp number? As of now, you can contact them at +27 71 559 9457 via whatsapp.
What is jp markets office telephone number? Their tel number is +27 010 590 1250
what is jp markets email address? It is support@jpmarkets.Co.Za
what is jp markets facebook page? Its link is www.Facebook.Com/jpmarketssa

Investors need to be sure that the broker they choose will provide support and assistance as needed, to help them easily find the exact answers to their customers’ questions and provide them with the best user experience. Phone call, e-mail, online chat and whatsapp are the options.

If you’re unsure about their reliability go ahead and try to contact them through the channels I mentioned above. Maybe you can act like an old client of them at first since some companies take better care when it comes to a new client or a prospect. At the end, you can take everything into consideration when deciding whether you invest with them or not.

Conclusion

JP markets is an south african forex broker. The broker has limited account types and does not allow scalping, hedging and eas. And you don’t have the chance to choose trading platforms. JP markets support only MT4 platform, making them easy to use for many traders.

JP markets was regulated by FSB but the regulator entity suspended their license earlier due to miscommunication as their CEO says. JP markets license has been reissued.

Although they have a valid license now, I suggest you to consider investing in there wisely since suspensions occur frequently in this market. On the upside, they have various awards, I attach their screenshots below

If you wanna try and check them out, you can reach jp markets login page by clicking the button below. Hope you informed with this review.

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JP markets – why do we think that is not the best option?

Minimum deposit

Bonus

Maximum leverage

Year founded

Regulation

Trading platform

Zaargh doesn’t recommend this broker!

I do not trust this broker and do not recommend you to sign up with it.

JP markets is a very interesting broker that, despite some issues with their services, does their utmost best to provide as much information and as good a service to their clients. This includes comprehensive information regarding their offers, what promotions they have going on, some educational resources as well as a decent contact scheme. It is a pleasure to see a south african doing so much to advance their business and to help their clients. So let us get into the JP markets review and talk about all of the things they have done right up to this very point.

Though we are still going to give you a fair warning before we get into the details. The experience you have with the company might be very different from what the other users have, so do not expect to get the 100% best trading experience from them that you go in expecting.

The page

The website the JP markets has to offer to clients seems very simple at first look. The simple black and grey color scheme, with a very simplistic design, are something of a red flag when going to a new website, especially a website related to forex and another financial trading. In the past, when seeing such a website, we have warned against a potential nefarious scheme being part of the company’s plans. Fortunately, we do not believe that a JP markets scam is possible. The website has a very simplistic approach to showcasing information and is rather easy and quick to navigate. The fact that it is ugly is an unfortunate reality that we have to deal with if we want to deal with a good south african forex broker. Sometimes a good broker will just not want to pimp their website, and that too is ok, as long as the service remains good and the information provided on the website is useful and concise. So what is the information provided?

Thankfully, the information is full and detailed. The navigation bar that is front and center of the website allows the client, potential or already seasoned, to travel to any part of the website and receive any information needed in a couple of clicks only. Whether it is the FAQ page, the training page or the page talking about the economic calendar, the user will be able to end up there within seconds if they want to. The nav bar also provides easy access to information for first-time visitors, easy registration.

Communication

The communication with the company is not obvious when you first enter the webpage. The online chat and live support located on the bottom right of the page is simply shaped like a large, red dot that you wouldn’t suspect was online chat unless you knew so. Even then, the chat is mostly offline. It is possible to get in touch with the company offices from the contact page or send an email, though not everybody enjoys these two options as the live chat support option. Alas, you can’t have everything.

Education

The education page of the JP markets FX brokerage is extremely limited. They simply provide a number of definitions that only a person entirely oblivious to the forex industry will have not known. This is unfortunate, as we believe that a good forex broker will support their traders with any resource they have, especially educational ones. Though on the other hand, it seems that the company offers some training opportunities for their traders, and what is great is that this training does not need to be paid for clients, but need to be paid for if you are not already a client. The company offers regular training and workshops for clients and non-clients that a person can register for from the website.

Background

The company does not have a long history of existence, but what it does have is an impressive track record. The company over the past years of existence has expressed its ambitions to move onto working globally, but so far has remained confined to the south african market. It seems that what is getting in the way of JP markets forex broker most is their own reported problems with certain individuals they have worked with. There have been some accusations of the company trading against their own clients, though there are not too many of them. Still, does this provide evidence for a JP markets scam? Let’s take a closer look.

License

The company only has one license, the one provided by the FSCA, also known as the FSB. The FSB is the south african financial regulatory body that is responsible for making sure that forex brokerages are working with their clients responsibly. The license was given in the year 2016, the founding year of the company and it seems the company has operated without issue since then. It would be better to see the company get some more licensing form other regulatory bodies, but this will not be happening until the company decides to move out of their borders and into other regions.

Promotions

The company seems to run a lot of promotions. While this might seem like a good thing, we tend to get suspicious of such things. While a fast growing company might be interested in investing some money into promotional events and marketing, the possibility of these were simply words to gain more followers is not excluded. Whether it is JP markets fraud schemes or true, a high number of promotions is not something we would suspect a new company to be able to run, unless they are making enough profit to support them. Still, we are not going to cause this to lower our scoring of the company by too much. Though the fact that there are opportunities to get a bunch of JP markets bonus deals is a great thing.

Accusations

It seems like the company has been accused several times of making the life of their clients hard. There are a number of small youtube videos, as well as a couple of facebook posts and other online forum posts regarding the company not being an honest one. Though the outcry against these is usually high from the supporters of the company and JP markets reviews these themselves and tries to get in touch with those who have had a bad experience with them. A respectable trait that redeems the company and makes us wonder whether these “bad” reviews are simply the results of the occasional bug or human error.

Software: is JP markets trustworthy?

Let us now take a look at the software and other offers that the company has for their clients. The platform options are rather limited, with the company offering online one: the meta trader 4. This platform is the most used one across the world with most brokers and is easily recognizable to most. The JP markets MT4 provides users with a relatively easy and simple interface to use, while also allowing a large amount of customization for the personal tastes and preferences of most users. The basic nature of the MT4 also allows even the most beginner users to easily get adjusted and start working with the platform. Though, the limited choice of platforms might be a bit of a problem for some – people like diversity in their choices and more advanced or interesting platforms are able to provide better service to more advanced traders. Maybe in the future, JP markets will be adding some options.

Minimum deposit, account type

The JP markets rating is definitely affected by the fact that there are no real account types to talk about, other than the ones dedicated to a specific currency. It is both a good and a bad thing. It means that all accounts get treated the same, but the fact that you can’t pay for additional support from the company means that they haven’t grown enough to start offering different types of accounts to their clients. The minimum deposit for JP markets is 3500 ZAR, which is pretty low as compared to the rest of the FSB registered forex brokers.

Spread

The spread that JP markets FX broker to their clients even on the most basic currency pairs is a little higher than the industry average. This is probably caused by the recent foundation of the company and a relatively small client base. This will possibly be changing in the future when the company will be able to capture a larger share of the market. Though today, large spreads are causing people to conduct trades that are a little more profitable simply to keep themselves afloat, with small-time bidders having a hard time staying with the broker. This is unfortunate, but the fact that it keeps commissions on different money transfers and trades away from JP markets is a good thing.

Withdrawal

The JP markets withdrawal process is relatively easy. It is possible to withdraw your profit through a bank deposit, wire transfer, in a platform request or even a whatsapp request. Though watch out, not all of these possible withdrawals are as safe as the others. It seems like some ways of funds withdrawal are faster than others, such as the one where you make a request through the client, which can take less than a day. This makes the broker much more trustworthy in our opinion.

Is JP markets broker legit?

So far, with all the investigation we have done into the company, we would like to say that yes, we think there is enough evidence to support this claim. They seem to provide a pretty good service which, while limited, seems to be on track to becoming one of the better south african forex brokers. The only qualms have against the company are the possible scam allegations brought up by a few users and the lack of comprehensive online education tools. Other than that the company has done well and is on the right track to becoming one of the better brokers in the area. Though until they lower their spread and have a longer track record of faithful service, they will remain at the silver lion.

Zaargh doesn’t recommend this broker!

I do not trust this broker and do not recommend you to sign up with it.

Jp markets reviews 2021

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Northwestern mutual’s chief strategist shares the key difference between 1999 and now that shows why tech stocks are not in a bubble — and says market conditions are prime for these 5 sectors to outperform in the year ahead

This story is available exclusively to business insider subscribers. Become an insider and start reading now.

Northwestern mutual chief strategist brent schutte is most bullish on more cyclical equities.

He shared with insider the five areas of the market he likes most for 2021.

He also broke down why he thinks tech stocks won't crash like in the dot-com bubble.

Visit business insider's homepage for more stories.

Brent schutte doesn't necessarily like as an investment the mega-cap tech stocks driving the market.

Their valuations are astronomical relative to the rest of the market, and as their multiples continue to expand, calls of a developing bubble grow louder.

The northwestern mutual chief strategist has himself winced at the rampant speculation. "I've done my fair share of comparisons to 1999," he told insider on january 19, referencing the dot-com bubble that eventually burst.

Yet while valuations are high, schutte says there's a key difference between now and the 1999 boom that justifies the prices of tech stocks and means they won't see a massive crash: government bond yields.

"in 1999 the 10-year and 2-year treasury were at 6%. Today they're what, at 25 basis points and 1%? So the competing asset class is low, and the central bank is trying to keep it there," he said.

Still, schutte said that market conditions, three of them in particular, are conducive for a gradual rotation out of tech stocks into more cyclical areas of the market.

Just like monetary policy from the federal reserve helps the growth stocks leading the market, he said the bank's forward guidance on inflation will be good for cyclical equities.

"they have staked their credibility on getting inflation above 2%, and they need that to occur," he said. "and so they're not going to stop prematurely. I suspect they'll keep rates anchored low, and they will continue buying bonds of some kind."

Then there's the fiscal side. Schutte said the high likelihood of congress passing another stimulus bill will support cyclicals. He added that the chance of tax hikes is low, at least for most of this year.

"we are going to get another aid bill," schutte said. "I dont think you're talking about tax increases potentially until later in the year, if at all, because there are a lot of democrats in the house who are up for reelection in wealthy suburban districts in 2023."

And third, schutte said that robust consumer savings will benefit cyclicals when the economy fully reopens.

"when you add that all up with what's on the consumer balance sheet with all the savings that are out there, you're looking at a pretty strong 2021," he said. "you're going to have a market that's going to have different leadership and that's more leveraged to early-cycle broad economic growth."

5 sectors for 2021

Within cyclical equities, schutte said he likes five areas of the market in 2021 considering the three factors above.

Two of the sectors are small-cap and mid-cap stocks, which tend to follow economic cycles and are therefore poised for gains as economic growth picks up.

Investors looking for exposure to these stocks might consider exchange-traded funds like the vanguard small-cap ETF (VB) and the wisdomtree US midcap ETF (EZM).

Next, schutte said he's bullish on emerging market equities.

"you have broad global economic growth and a federal reserve that's going to try to keep rates low," he said. "that historically is a recipe for emerging-markets success."

He added: "when you buy the asset class as a whole, you get a whole chunk of china. So for broader asset allocation we still think that's a decent place to be."

Those seeking exposure to emerging markets might consider the ishares MSCI emerging markets ETF (EEM).

Finally, schutte said he likes industrials and financials, two sectors that are famously more cyclical and benefit from early-cycle activity.

The fidelity MSCI industrials index ETF (FIDU) and the vanguard financials index fund (VFH) offer exposure to these sectors.

Green markets, red markets, meh markets and 20 crypto jokes

This was quite a week for ethereum which reached its ATH territory in USD, though it remained far from its ATH against BTC. But some mining pools banded together to try and stop the EIP 1559. Meanwhile, as the bitcoin snowball is expected to hit more institutions in 2021, JP morgan strategists told us to look at the grayscale bitcoin trust inflows for the USD 40K breakout signs, but when grayscale made a major purchase, BTC went ‘meh’. And though the markets went red, altcoins may be set to receive some of the money going into BTC and ETH. As bitcoin block 666,666 showed a biblical message, and a battle was on over publishing bitcoin whitepaper, investors who cashed in on their holdings before BTC hit USD 20K have been eating humble pie, while lyn alden said she invests in BTC but not in ETH because the latter is an unfinished product. Meanwhile, carmaking giants teamed up with auto insurance providers and tech heavyweights to work on a blockchain-powered vehicle history platform, while blackrock revealed its intentions to invest in cash-settled BTC futures.

There's more. US treasury secretary nominee hinted at a new crypto environment and a potential unrealized gains tax, while stating that crypto has some benefits. While a former coinbase exec might be replaced with a former ripple advisor at the OCC, BIS announced work on a new blockchain-powered tokenization incentive, japan’s reportedly gearing up to move into the second phase of its three-part digital yen project, the UAE financial watchdog is set to regulate crypto by 2022, and a british financial advisor’s petition to ban bitcoin transactions in the UK garnered just 124 signatures. Major south korean carrier SKT launched blockchain-powered certification app, while the upbit operator dunamu launched a real-time digital assets “fear-greed” gauge. Maps.Me took the defi plunge with a USD 50m fundraising effort, a spanish football club said that it completed a transfer entirely in crypto, and a south korean video games giant created a blockchain-powered tool for parents to monitor their offspring’s gaming time. And another hong kong crypto trader got robbed.

As is the long and respected cryptonews.Com tradition, we present your weekly set of jokes.
__________

Hey, CT! What have you been up to this week?

Let’s see what kind of existential questions is crypto twitter pondering this week.

What if alts are just trading me
— loma (@lomahcrypto) january 19, 2021

Green Markets, Red Markets, Meh Markets and 20 Crypto Jokes 101

Source: playbitkong / instagram

Uuu, a twist. Bitcoin in the role of a volatile drama queen.

And speaking of bitcoin with a gun (as is a normal thing to speak of):

It survived last march, it'll survive this.

BTC lookin like the heart monitor of someone on life support. Pic.Twitter.Com/0ta0dmwgsv
— rekt (@rektcryptofox) january 20, 2021

Well, look, it's gonna go over 40K again anyways.

Green Markets, Red Markets, Meh Markets and 20 Crypto Jokes 102

Souce: tradingmemess / instagram

Bitcoin maximalists in one meme. Replace tether with literally anything, you’ll get the same thing.

In light of lyn arden's recent report.

Green Markets, Red Markets, Meh Markets and 20 Crypto Jokes 103

Source: lyn alden / twitter

Here’s the difference between BTC and the fed.

Oh look.
Another beartard begging for food after he blew up his last account pic.Twitter.Com/huziiqmg7f
— the crypto monk ⛩️ (@thecryptomonk) january 18, 2021

Destiny at work here, people.

When you first stumbled upon the bitcoin white paper it was like pic.Twitter.Com/mwjq6mvjqa
— matthew graham (@mattysino) january 22, 2021

'and then, and then, they argued about it for days!'

“and then we put out some FUD about a double spend that never actually happened” pic.Twitter.Com/kgiqdedmuk
— michael goldstein (@bitstein) january 22, 2021

Proof is in the picture. He is literally signing the order in it
— nick core �� (@crypto_core) january 21, 2021

Green Markets, Red Markets, Meh Markets and 20 Crypto Jokes 104

Source: cryptodudeee / instagram

Oookay, time to back away very slowly.

When you realize that support levels are not as strong as you think they are. Pic.Twitter.Com/4okjqvx8k5
— sven henrich (@northmantrader) january 21, 2021

Pfft! They missed the biggest conspiracy of them all: there's no buying crypto, just paying money to receive a certain amount of coins.

ALSO UNCOVERED: THERE’S NO SUNRISE IN THE MORNING; SUN ACTUALLY JUST RISES WHEN THE DAY BEGINS
— udi wertheimer (@udiwertheimer) january 22, 2021

JP markets

Running a scam and stealing money from customers

The forex industry has plenty of scammers, which put a bad name to this industry. In this article, I’m exposing a prominent scammer of the forex industry, JP markets.

They like to call themselves “the biggest forex broker in south africa” . It is certainly a prominent name in the market, but that doesn’t mean they are reliable or trustworthy.

In the following JP markets review, I’ll tell you how they are running a deliberate scam and have victims all over the globe. They are stealing money from their customers and they think they can get away with it.

Running a scam and stealing money from customers

The forex industry has plenty of scammers, which put a bad name to this industry. In this article, I’m exposing a prominent scammer of the forex industry, JP markets.

They like to call themselves “the biggest forex broker in south africa” . It is certainly a prominent name in the market, but that doesn’t mean they are reliable or trustworthy.

If you’re considering doing business with these guys then the following review will help you in making a better-informed decision. They have paid reviewers everywhere so you can hardly find a genuine review of their services.

What is JP markets?

JP markets is a forex broker based in south africa. It received its license from the FSB (financial services board), which is a reputed organization. JP markets entered the market in 2016 and in a small time, they have become one of the biggest brokers in south africa.

They are situated at nelson mandela square, maude street, west tower floor 2, gauteng 2146.

JP markets trades in many asset types such as commodities, indices, and shares. They have several awards to their name too, which could fool anyone. Apart from south africa, JP markets has offices in pakistan, kenya, and bangladesh.

The scam of JP markets

JP markets is running a huge scam. They steal funds from the accounts of thier customers and show simulated trades instead of real ones to deceive traders. There are numerous complaints against these people.

But before I begin discussing the various customer complaints in this JP markets review, I think it’s necessary to highlight the signs of their scam. This way, if you notice these signs anywhere else, you’d know that they are running a forex scam:

The excessive leverage

The first sign of the JP markets scam is their excessive leverage. JP markets offers 1:500 as their leverage, which is substantially high for any forex broker. The recommended leverage is 1:50. The strict regulatory authorities in the US and the UK put restrictions on the amount of leverage brokers can offer to traders.

In the US, for example, the highest leverage a broker can offer is 1:50, which is ten times less than the one JP markets offers. High leverage ratios expose a trader to higher risk. You can lose your entire investment with only a 0.20% loss if you’re availing the leverage JP markets offer.

Provision of hidden fees

JP markets claim everywhere that they don’t charge any fees on transactions. The most important words in the last sentence were ‘on transactions’. JP markets doesn’t specify anything else about their fees on their website.

To do that, you’d have to go deep into their terms and conditions and find any mention of charges or fees. I did, and I found that they do charge numerous kinds of fees, they just don’t say that on their website.

For example, JP markets charges a maintenance fee of $10 per month but it’s not mentioned anywhere on the website. You can find that in their T&cs (terms and conditions) here:

If your account remains inactive for three months, JP markets would charge $50, and then, they can charge any lower amount (they don’t specify what amount) before suspending your account. You can see that here:

They also mention that their charges vary from time to time and you can find that on their website, but this information is unavailable. You can check out their website yourself, they don’t mention their fees at all. But they have this provision in their T&cs so they can charge anything at anytime:

Apart from that, they can take all of your profits under the suspicion of shady activities. This provision might seem like a great thing at first, but it’s the sole tool they use to freeze their customers’ accounts and steal funds from them. You can see that provision below:

You must’ve seen that they mention a ‘trading conditions’ section in their T&cs but that’s not present anywhere on their website.

They have a complex web of greedy terms and conditions which allows them to charge hidden fees. In other words, they are legally allowed to steal from their clients.

Complicated website

While writing this JP markets review, I had to do a lot of digging in because JP markets’ website is a piece of trash. JP markets have kept their website highly complicated and much of crucial information inaccessible.

They know that only a small percentage of visitors would ever dig through this much of their website. They take advantage of the general laziness we have in us.

As I’ve pointed out above, their website has no ‘trading conditions’ section. This means, you can’t find out what kind of spreads they offer, what charges they levy, what their offered leverage is.

Most of this information is not even present on their website. The reason why they don’t want you to find this information is because they don’t want you to see the truth. A complicated website makes it difficult for any new visitor to find anything.

Their website is filled with their fake claims, and that’s the only thing you can find there with ease.

No info on JP markets’ trading account

Another prominent sign that these guys are a scam is they literally provide zero information on their trading account. They have kept this information hidden for a purpose because they want you to sign up and agree to their shady terms and conditions and find out later what you’ve agreed to.

They don’t give you any information on the spreads they offer, the minimum deposit or the account types (if there are any) present on their platform. All of this is crucial to establish trust and transparency.

You might ask, “why would someone sign up without this information?” I know the answer and so does JP markets. The answer is: bonuses.

Greed is a powerful emotion and JP markets takes full advantage of it. They have an entire section dedicated to their promotions. JP markets bonus is a prominent thing people look for when searching for JP markets:

Bonuses and promotions are a good thing. But JP markets uses them to distract people from the fine print. This way, they can scam people easily without worrying about them finding out their reality.

Bonuses also help them in creating a sense of urgency in their customers. At the time of writing this review, they are offering a 200% deposit bonus on their website for a “limited period of time”:

You should note that you can use this ‘bonus’ only on their platform and it’s not withdrawable.

In a sense, the bonus is just a number which reflects in your trading account. You don’t really derive any benefit from it, but they do, a new scapegoat in the form of a new customer.

Ambiguous info on team

These guys love to keep things ambiguous. They love ambiguity so much that the entire ‘about’ section of their website is filled with fluff. Not just that but they also don’t share anywhere what people are behind the operations of the company. The only mention of anyone behind their operations is of their founder, which is also quite hard to find.

The founder of JP market is justin paulsen who, according to their company profile, has spent some time working at a prominent brokerage. He graduated from the university of cape town in economics and finance. He has also passed the qualifying exams to become a broker.

However, apart from that, JP markets don’t provide any information on their founder. There must be some other people in the company too who help the founder in running the company. But JP markets doesn’t share any piece of information about them. Even the information on their founder, justin paulsen, is very ambiguous. They don’t specify how much time he spent in the forex industry.

It seems as if their founder is an inexperienced (or possibly a made-up) professional who doesn’t know much about forex. Otherwise, why would they hesitate in sharing information about their founder? Such ambiguity shows that something’s wrong in this company.

Why do people fall for the JP markets scam?

With so many drawbacks and signs, anyone can find JP markets shady but why do people don’t?

Why are people falling for this scam repeatedly?

I know you must be pondering these questions. Here are the main reasons why the JP markets scam is successful:

Fake claim of no fees

On their homepage, JP markets claims that they charge no fees. You can see that in the screenshot below:

I’ve already exposed this lie. They are charging you but they just don’t mention it on their website. However, many people don’t find out the truth. They believe what JP markets tells them and think they would get a forex broker that doesn’t charge anything.

It’s quite a convincing offer too. Imagine hiring a service provider that doesn’t charge you anything but claims to be ‘one of the best’. Anyone would think that they should at least give it a try.

Their fake claim on their fees is just one of the many reasons why people fall for their scam.

Metatrader trading platform

If there’s one good quality they have, it’s their trading platform. They are using the world-renowned metatrader 4 platform to serve their customers.

Metatrader 4 (also known as MT4) is a product of metaquotes software and since it arrived in the market, it has become the most popular trading platform among brokers. It offers multiple features such as indicators, and automated trading, which make it the first-choice for many traders.

Having a reliable trading platform helps JP markets appear reliable too.

Professional-looking website

JP markets have a good-looking website. You’d think you’ve arrived at a prominent company’s site when you’d visit it. This also helps them in deceiving people.

First impressions matter and a professional website helps JP markets considerably in this regard.

Useless resources on the site

JP markets utilize a unique tactic to appear trustworthy. They have filled their website with useless resources. They even offer a course there!

In their resources, they aim to teach new traders about the basics of forex. While these resources don’t really provide any value, it helps them in appearing reliable.

Plus, they have an active blog which makes them seem active and quick:

Numerous victims on the internet

JP markets are deceiving numerous people over the internet. Some of thier victims have spoken about them on different platforms. I’m sharing screenshots of their complains here so you can see just how huge the scam of this broker is.

In the first complaint, the reviewer shares her experiences as to how she was only shown a simulated transaction instead of a real one. She has also shared that she had lost her entire investment because of their negligence. The second complaint is about the security of the reviewer’s account.

Sometimes they blame a shabby internet connection for deducting funds from their client’s account. In these cases, only you lose the money and they get away scot free.

There are numerous complaints against this broker all over the internet. Some people have lost their entire investment for a random reason, others realized that they fell prey to the hidden fees of this scammer.

Here are some more:

Another issue you might’ve noticed is these guys don’t respond to their clients’ complaints. It just shows how terrible their customer service is and how they only care about the funds a person deposits, nothing else.

There could be more…

Although I have shared multiple examples in this JP markets review, you should know that’s not all. Only 50% of those consumers leave a review who a business requests to review them. Moreover, we’re talking about complaints here. Many people don’t know that they can complain about their experience with JP markets online.

The number of JP markets’ victims could be in hundreds. That’s why I urge you to not do business with them. They are a scam!

JP markets review: conclusion

Finally, we’re at the conclusion of my JP markets review. JP market is running a humongous scam and they already have hundreds of victims. Don’t become their next victim and stay away from them.

So, let's see, what was the most valuable thing of this article: stop wasting time & find out if JP markets is 100% legit - or a SCAM! Advantages & disadvantages explained in our expert commentary. Click here and start trading right now.... At jp markets reviews 2021