Jpmarket bonus

Free forex bonuses

As from the 19th of june 2020 they are no longer allowed to take any new business or clients. I'm not surprised coz when i used them back in 2016 i couldn't even make a deposit to fund my account. Had to do an EFT and then call their office to let them know so they could check with the bank. Very poor service indeed. Anyway you can read the story of their suspension below: join live discussion of jpmarkets.Co.Za on our forum

JP markets review

Jpmarkets is a forex broker. JP markets offers the metatrader 4 and mobile forex trading top platform. Jpmarkets.Co.Za offers over 25 forex currency pairs, cfds, stocks, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.

2020-06-19: the south african FSCA has privisionally suspended the license of JP markets. This was done because "there is reasonable belief that substantial prejudice to clients or the general public may occur if they continue rendering financial services."

CLICK HERE to verify.

Broker details

Live discussion

Join live discussion of jpmarkets.Co.Za on our forum

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Let other traders know if this service is worth checking or should be avoided.

Traders reviews

Not able to withdraw

Length of use: 6-12 months

Due to the numerous complaints from clients failing to withdraw their funds, the FSCA (financial sector conduct authority) has provisionally suspended JP market's license pending a full investigation. As from the 19th of june 2020 they are no longer allowed to take any new business or clients. I'm not surprised coz when i used them back in 2016 i couldn't even make a deposit to fund my account. Had to do an EFT and then call their office to let them know so they could check with the bank. Very poor service indeed. Anyway you can read the story of their suspension below:

Length of use: over 1 year

This is the worst broker in the world, I made withdrawals amounting to R1.5 million in a he past weeks and they started asking me to submit my fica and bank cards of which I did. Only today they told me I won’t be getting my withdrawals since their system says I used different accounts to fund my account of which I didn’t. I don’t even know the people they talked about.

Stay away from this broker. I just can’t wait for this lock down to be over so I can visit their offices

Length of use: over 1 year

Jp markets should be challenged and charged for market and accounts manipulation. This is wrong and we will expose them.

Our funds and pending orders just disappeared and when we tried to contact someone no one answered.

This broker will not last long with the kind of service it provides.

Frequently asked questions

What is the minimum deposit for JP markets?

JP markets does not have a strict minimum deposit. Traders can invest whatever they are comfortable with. However JP markets recommends starting with around ZAR3,000.

Is JP markets a good broker?

Unbiased traders reviews on forexpeacearmy is the best way to answer if JP markets is a good broker. Https://www.Forexpeacearmy.Com/forex-reviews/13589/jpmarkets-forex-brokers

Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.

Additionally, we'd recommend to check recent JP markets community discussions: https://www.Forexpeacearmy.Com/community/tags/jpmarkets/

Is JP markets safe?

To define whether a company is safe or not, you'd better get to know about this company, the unbiased traders reviews on forexpeacearmy is the best resources to grant you such knowledge. Https://www.Forexpeacearmy.Com/forex-reviews/13589/jpmarkets-forex-brokers

JP markets at least is regulated with south africa financial services board under license 46855. Being regulated gives you a chance to complain to the authority if it comes down to it.

What is JP markets?

JP markets is an online forex retail broker. JP markets offers a number of assets to be traded on metatrader 4 and JP mobile app.

Forex currency pairs

Cryptocurrencies

Stock indices

Precious metals

Commodities

6 причин выбрать justforex

Спреды от 0 пунктов

Низкие плавающие спреды на всех типах счетов, спреды на raw spread от 0 пунктов.

Две версии торговой платформы metatrader

Вы можете выбрать платформу MT4 или MT5 в соответствии с вашими потребностями и предпочтениями.

Кредитное плечо до 1:3000

Возможность выбрать удобное кредитное плечо от 1:1 до 1:3000.

170+ торговых инструментов

Мы предлагаем ряд валютных пар, драгоценных металлов для трейдеров, которые хотят зарабатывать на разных рынках.

Все стратегии разрешены

Использование советников, торговля на новостях, хеджирование, скальпинг и т.Д.

Исполнение ордера от 0,01 с

Исполнение ордера при нормальных условиях на рынке происходит за доли секунды.

Я начал работать с этой компанией после того, как получил welcome-бонус в прошлом году. Условия я выполнил, деньги получил. Продолжаю работать и не планирую менять брокера.

Я – новичок в форексе, но мне очень нравится профессионализм этой команды. Поддержка работает круглосуточно и отвечает на все вопросы. Они даже помогли мне найти хорошие статьи по форексу и открыть демо счет. Раздел "аналитика" – просто обязателен, как для новичков, так и для профи. Лично я читаю его каждый день и рекомендую каждому это делать. JF, вы – лучшие!

Я торговал с разными брокерами, и justforex – самый честный, как по мне. Проблем с выводом, верификацией и торговлей нет. На все вопросы отвечают и действительно стараются решать проблемы. Хорошие ребята, обратите на них внимание.

Я торгую с JF уже почти год. И за этот год проблем вообще не было. Мне нравятся их конкурсы и промо-акции – это хорошая возможность испытать себя и подзаработать в процессе. Больше всего мне нравится счет raw spread – нет проскальзываний, быстрое исполнение и очень много пар для торговли. Просто мечта. P.S. Спасибо за вашу работу, народ, мы видим как вы стараетесь!

Эрик из поддержки – молодец! У меня были проблемы с регистрацией карты, но вы во всем разобрались за пару минут. Я вывел уже больше 1 000 USD и продолжаю торговать.

JP markets review

JP markets

Leverage: 1:200

Regulation: FSB

Min. Deposit: -

HQ: south africa

Platforms: MT4, JPM app

Found in: 2016

JP markets licenses

JP markets SA (PTY) ltd - authorized by FSB (south africa) registration no. 46855

Top 3 forex brokers

FXTM review

GO markets review

FP markets review

What is JP markets?

Awards

Is JP markets safe or a scam?

Leverage

Accounts

Trading fees

Market instruments

Deposits and withdrawals

Trading platform

Customer support

Education

Conclusion

What is JP markets?

JP markets is a south african forex broker that initially started its operation since 2016 with a base on an extensive understanding of international financial markets. The main JP markets offering strives for the ability to engage in long-lasting relationships and trading capability, which inspires local and global traders to fruitful trading.

This is done in numerous ways, including investment into traders knowledge, which JP markets provides knowing that a successful trader is a knowledgeable trader.

Who is the owner of JP markets?

While main JP markets operations based throughout several countries across africa its main base is indeed south africa and the company that stands behind it located there as well. As an african hub of forex trading, yet broker’s proposal continuously grows beyond and further. So further in our JP markets review we will see its offering in detail and consider whether it is a good broker or not.

Pros	cons
founded in south africa and is recognized african broker	no 24/7 support
global industry awards	spread conditions are not clear
tight low spreads	there are some negative responses from traders
ECN trading option	some traders had negative experience with withdrawals
regulated by the FSP in south africa

10 points summary

headquarters	south africa
regulation and license	FSB
platforms	MT4
�� instruments	forex, metals indices, futures and shares based on cfds
�� costs	1.7 pips
�� demo account	available
�� minimum deposit	0$
�� base currencies	USD
�� education	video, analysis, webinars
☎ customer support	24/5

Awards

Together with its dynamic trading recognition as one of the leading brokers in south africa also through numerous traders they gather, there are countless industry rewards that recognize both trading technology, service and conditions broker offers.

Is JP markets safe or a scam?

JP markets as an incorporated firm within south africa also is a fully approved broker by the financial services board is known as FSB. Therefore, JP markets trading offering is successfully authorized as an international financial service that is also compliant with safety measures and providing clients with transparent conditions.

Pros	cons
licensed and regulated by FSP	not listed in stock exchange
segregated funds	suspended license by FSB
authorized and regulated in south africa
professional indemnity insurance
negative balance protection

How south africans are protected?

Eventually, south africa shows the significant growth of the forex industry while more and more firms opening its branches or entities under its jurisdiction. JP markets, however, stands on a strong background of its incorporation while maintaining trading operations dedicated to offering the best possible trading opportunity.

In simple words, licensed and regulated by FSB regulatory obligations subject to a qualifying standard on how the broker operates serves trading conditions as well as maintains a number of other safety rules specifically towards money management and market integration. Thus, there is negative balance protection, traders funds segregation, the security of the highest level while all accompanied by the protection of the clients’ interests.

Is JP markets license suspended?

However, there are some gossip stories around JP markets suspended license. Actually, it is the case as the broker was licensed by FSB but in 2019 regulator suspend a license without prior notice due to alleged violation towards clients. However, it was a mistake since the broker does not operate any longer the domain address that was accused in violation, therefore JP market record remains clear.

Leverage

Since JP markets is a south africa broker, the local regulations still allow high leverage ratios available even for retail traders. Eventually, this is one of the reasons south africa brokers, and JP markets respectively, gaining more popularity and growing further.

The maximum ratio offered by JP markets is

1:500 which is mainly offered for professionals,

Retail traders may access ratios like 1:100 or 1:200

Nevertheless offered leverage and risk levels also vary according to the instrument specifications and each asset in particular you trade, so make sure to verify trading conditions as well.

Accounts

In addition to its numerous attractive benefits of JP markets offering, it is one of the rare brokers that proposes interest on trading accounts, which might be subject to a qualifying minimum balance.

Pros	cons
standard and ECN accounts	none
copy trading account
demo account
zero minimum deposit
interest on trading account balance

Account types

As for the trading account as an important part of our JP markets review, we discover two account types that are based either on STP execution with costs included into spread only, or ECN account with raw spread and commission charges.

Also, you can open an account for copy trading either copy trader or copy master may require additional authorization settings so that you will trade seamlessly.

What are JP markets fees?

Another crucial point is to see fee terms and what exactly the costs which you will need to pay for trading service. There are flexible conditions offered by JP markets where also some of the attractive opportunities included too.

Pros	cons
options between standard fees based on spread and ECN account with a commission	spread conditions are not very clear
availability to trade through deep liquidity
low cryptocurrency and commodity fees

Our find on forex fees

JP markets spreads are variable and based on market conditions, which are also quite competitive spreads within the market offering, on average EUR/USD is about 2 pips for STP account. As we already mentioned, the ECN account will feature commission $10 per lot, which is a better option for professionals, yet available for all as per reference.

However, there are no clear information about spread conditions provided through the website, so we couldn’t see clear statistics on its spread.

Also, compare fees to another popular broker valbury capital.

Comparison between JP markets fees and similar brokers

asset/ pair	JP markets fees	FXTM fees	avatrade fees
EUR USD	1.7 pips	1.5 pips	1.3 pips
crude oil WTI	5 pips	9 pips	3 pips
gold	26	9	40
BTC USD	26	20	0.75%
inactivity fee	yes	yes	yes
deposit fee	no	no	no
fee ranking	average	average	low

Trading instruments

JP markets strives to bring trading conditions to international traders throughout its innovative trading benefits and access to trade forex, metals indices, futures and shares based on cfds.

Does JP markets allow capitec bank?

Yes, JP markets is even recommended for capitec bank as a leading local brokerage firm for forex, bitcoin and metal traders.

How does JP markets work?

JP markets operate on an STP basis meaning it provides traders with its trading platform and connecting your orders to the market through quotes received from its liquidity providers.

How to deposit funds to JP markets?

The last point within JP markets review is funding methods that will allow you to send money into your trading account.

Pros	cons
no minimum deposit	withdrawals may take quite some time
great selection of deposit options supported including bitcoin and e-wallets
free of charge deposit and withdrawals

Deposit options

JP markets differs from many brokers, because the broker is authorized and licensed to accept local deposits from clients as well. There are vast deposit options including the following ones so there is no complication to fund your trading account.

Bank accounts with absa, FNB, standard bank and nedbank,

As well as multiple payment gateways like skrill also accepting bitcoin

Lastly, JP markets issue and made it available upon request its own JPM card operated as mastercard connected to your trading account, so you may seamlessly use all the benefits of debit card.

Minimum deposit

JP markets does not have a strict minimum deposit, so you may invest a suitable amount, which is great from all of the sides. However, JP markets recommend starting with around R3,000, which is around $200, as well as supports with great training and education materials super recommended for beginning traders.

Moreover, clients of JP markets enjoy complimentary access to some of the best forex training and mentorship at no charge.

Withdrawals

JP markets does not mention charges for deposits or withdrawals, however, your bank or payment provider may waive some fees due to international policies, so you better check with the provider for its fees.

How long does it take to withdraw money from JP markets?

While the broker mentions that withdrawals are seamless and will take 1-2 business days, also according to its regulation, there are some evidence from the clients that withdrawals may take longer or investors had a negative experience with JP markets in this regard. So check it carefully with support before you sign.

Trading platforms

JP markets pioneered the offering by MT4 platform and quality trading execution with no requotes, no rejections and flexible trading conditions. The metatrader4 platform is today’s industry standard known for its innovative and powerful trading capabilities suitable either for retail investors to buy and sell currencies, as well as professionals.

Pros	cons
customer friendly design	no proprietary platform
popular MT4 platform
good range of tools
clear look

Web trading

JP markets MT4 platform supports web trading of futures, indices, equities and other CFD transactions along with advanced charting features, technical analysis tools and automated trading. Of course, the platform is available in few versions so you may access trading from any device, including smartphones.

Mobile platform

However, JP market offers also its proprietary application JPM mobile app which is a super comfortable software allowing you to take control over your trading at any time.

Desktop platform

So besides trading markets in a manual or automatic way, you may also engage in social trading with copy trader or copy master accounts accessible via desktop platform. This means that you may copy master accounts and profit from trading without any knowledge or interruption just by a simple copy of orders. Or to gain extra exposure to the markets and management of bigger capitals by being a master trader.

How to place order?

Customer support

In terms of the customer support JP markets establish customer support service with a purpose to provide traders with relative answers and quality answers. You can contact the team within working hours through live chat, yet there are some client comments that did not get response or found it misleading.

Education

Actually, JP markets managed to maintain consistency in its record and trading service by providing expert advice through dedicated online trading courses and a huge amount of education materials. Also provide with research materials, videos, online courses, fundamental analysis, news feeds and of course you can use all the great research from metatrader available.

Pros	cons
learning materials available	none
webinars, seminars and online courses
daily market outlook
research tools
trading ideas

Conclusion

Overall, JP markets review brought us an understanding of brokers’ trading conditions and truly great education materials dedicated to make you a more knowledgeable trader. Together with its quite competitive trading conditions, there are options either to trade manually or to copy trades from the copy accounts, making investment opportunities better.

Besides and taking into consideration JP markets is a quite known brokerage is south africa and is recognized by international traders brand making our votes positive towards JP markets. In addition, the broker is constantly growing, expanding and making trading opportunities even better, which is another benefit for a long term investment.

Nevertheless, we found some negative responses and experiences with the broker as well, which could be at some point misleading about brokers professionalism. So we advise investors to do their comprehensive checking before open account with JP markets.

Let us know your personal opinion about JP markets, do not hesitate to share your thoughts or ask us for additional information if necessary in the comment area below.

JP markets - south africa's and africa's biggest forex broker

JP markets is a global forex powerhouse. We set high standards for our services because quality is just as decisive for us as for our clients. We believe that versatile financial services require versatility in thinking and a unified policy of business principles. We continue to grow everyday thanks to the confidence our clients have in us. We are licensed and regulated by the financial services board, south africa, FSP 46855.

Negative
balance protection

Through the use of an automated transaction monitoring and risk management system, a client’s account will never be allowed to reach negative balance.

Zero fee because
we want you to prosper

We do not charge you any fees for bank deposits or withdrawals made through our payment gateways. We are africa’s best, most reliable & trusted broker.

Quick & sufficient trading platforms

With high performing and innovative technology, our platforms are fast and sufficient for your trading. We do not lag and do not re-quote on orders. What you want you get.

Fast, reliable
deposits & withdrawals

With our almost instant deposit and almost instant funds withdrawal technology. You can enjoy your success almost instantly. No long waiting periods.

State of the art security
for your money

Safety is our top priority. Your monies is always safe with us and are kept in a separate banking account as requested by our regulator. Your money is safe and secure.

Friendly
customer support

Customer support, one of our most prized position – to what makes us different. Call, email or chat with us today. Our consultants are happy to help you with any request.

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.

Engaging with your clients simplified.

Consolidated everything an IB needs into a single experience

Ultra low
spreads

250+ trading
instruments

$10 minimum
deposit

Leverage
1:500

Immediate deposits
and withdrawals

24/5 email
support

Instruments

250+ instruments in the platform.

Desktop, tablet, mobile

Desktop, tablet, mobile and web based trading with metatrader 4 and metatrader 5

Automated trading platforms

A range of automated trading platforms and EA compatibility

Spreads offering

Competitive spreads offering

Client funds security

Client funds are held in segregated accounts for increased security

Multilingual languages

Trading website in more than 20 languages

Customer support

Connect through whatsapp

Whatsapp contact to reach customer support

Why trade with veracity markets?

Veracity markets is continuously working hard to become a major player in the online financial field, with a proven track record of positive customer satisfaction. Our key responsibility is to offer top-notch services to all our traders.

Trade anywhere
any time

Successful online trading depends on efficient and powerful trading technology. Veracity markets offers you the best trading platforms to get you into the market quicker and easier. You can access quality information and trading tools to help ensure you make educated trading decisions.

Choose your account type

standard account
initial deposit : $250
spreads : floating from 1.6 pips
commission : $0
leverage : 1:500
order volume (lots) : 0.01 - 250 (lot)
platforms : MT4
expert advisers : supported
maximum open positions : unlimited
execution: market
swap free: available
read full account terms & description here
open account

pro account
initial deposit : $250
spreads : floating from 2 pips
commission : $0
leverage : 1:500
order volume (lots) : 0.01 - 250 (lot)
platforms : MT4
expert advisors : supported
maximum open positions : unlimited
execution: market
swap free: available
read full account terms & description here
open account

ECN account
initial deposit : $250
spreads : floating from 0.00 pips
commission : $7 lot only FX & metals*
leverage : 1:500
order volume (lots) : 0.01 - 250 (lot)
platforms : MT4
expert advisers : supported
maximum open positions : unlimited
execution: market
swap free: not available
read full account terms & description here
open account

Access the world's top tradable assets

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Become a
just perfect trader
today and receive 100%
on your first deposit

Trade a broad range of markets

Discover hundreds of markets available to trade, with more to be added soon

Forex trading

Over 38 major, minor & exotic pairs

Cryptocurrencies

Trade a broad range of cryptocurrencies

Indices

9 globel indices available

Metals

Trade gold, silver, platinum & copper

Commodities

Oil, gas & agricultural commodities

Over 150 shares to choose from

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Start your trading with veracity markets in 4 simple steps:

Register

Verify

Trade

Helpdesk

Tel: +27 (0) 87 012 5545

Email: help@veracitymarkets.Com

Registered address: 1 energy lane, century city, 7441, south africa. Suite 305, griffith corporate centre,
P.O. Box 1510, beachmont kingstown,
st. Vincent and the grenadines. -->

Connect now:

Trading

Platforms

Partners

Promotions

Company

Legal and regulation

Veracity markets (pty) ltd is incorporated in south africa with registration number 2018/515174/07 and is a duly appointed juristic representative of nirvesh financial services (pty) ltd with registration number 2014/214417/07, which is an authorised financial services provider under the financial advisory and intermediary services act no 37 of 2002 – FSP4701. The website www.Veracitymarkets.Com is operated by veracity markets (pty) ltd based in south africa.

Clearing services

Veracity markets is an execution-only trading intermediary and makes use of regulated liquidity providers for clearing of its client trades.

High risk investment warning

Online trading consists of complex products that are traded on margin. Trading carries a high degree of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent expert advice if necessary and speculate only with funds that you can afford to lose. Please think carefully whether such trading suits you, taking into consideration all the relevant circumstances as well as your personal resources. We do not recommend clients posting their entire account balance to meet margin requirements. Clients can minimise their level of exposure by requesting a change in leverage limit. For more information please refer to veracity markets risk disclosure.

Disclaimer

The content of this page is for information purposes only and it is not intended as a recommendation or advice. Any indication of past performance or simulated past performance included in advertisements published by veracity markets is not a reliable indicator of future results. The customer carries the sole responsibility for all the businesses or investments that are carried out at veracity markets.

Regional restrictions

The information provided by veracity markets is not directed or intended for distribution to or use by residents of certain countries or jurisdictions including, but not limited to, united kingdom, australia, belgium, france, iran, japan, north korea and USA. The company holds the right to alter the above lists of countries at its own discretion.

Responsible trading policy

When it comes to trading on veracity markets platforms and using its features, we encourage responsible behavior among all our users and traders. Our “responsible trading policy” calls on traders to protect themselves from emotional decision making that can result in unnecessary losses. This web page and its products are intended exclusively for legally adult use, given that current legislation anywhere in the world does not permit account onboarding, trading, advising, binding in a legal contract to those under 18 years of age.

Safety of funds

At veracity markets (PTY) LTD, the safety of your funds is paramount to our business activity. With this in mind, all client funds are held in a segregated account separate from the companies funds.

Refund policy

All the funds deposited with veracity markets is for the sole purpose of trading the financial markets on contract for difference. There is no physical delivery of any asset. The clients acknowledge that they incur profit or loss depending on the open and close price of the asset traded. Any funds deposited with veracity markets is the asset of the client and a liability on veracity markets. The client can request for a withdrawal of their unused funds held with veracity markets at anytime. Any funds lost while trading in financial markets with veracity markets is non-refundable and non-withdrawable.

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Is your forex broker a scam?

If you do an internet search on forex broker scams, the number of results is staggering. While the forex market is slowly becoming more regulated, there are many unscrupulous brokers who should not be in business.

When you're looking to trade forex, it's important to identify brokers who are reliable and viable, and to avoid the ones that are not. In order to sort out the strong brokers from the weak and the reputable ones from those with shady dealings, we must go through a series of steps before depositing a large amount of capital with a broker.

Trading is hard enough in itself, but when a broker implements practices that work against the trader, making a profit can be nearly impossible.

Key takeaways

If your broker does not respond to you, it may be a red flag that he or she is not looking out for your best interests.

To make sure you're not being duped by a shady broker, do your research, make sure there are no complaints, and read through all the fine print on documents.

Try opening a mini account with a small balance first, and make trades for a month before attempting a withdrawal.

If you see buy and sell trades for securities that don't fit your objectives, your broker may be churning.

If you are stuck with a bad broker, review all your documents and discuss your course of action before taking more drastic measures.

Separating forex fact from fiction

When researching a potential forex broker, traders must learn to separate fact from fiction. For instance, faced with all sorts of forums posts, articles, and disgruntled comments about a broker, we could assume that all traders fail and never make a profit. The traders that fail to make profits then post content online that blames the broker (or some other outside influence) for their own failed strategies.

One common complaint from traders is that a broker was intentionally trying to cause a loss in the form of statements such as, "as soon as I placed the trade, the direction of the market reversed" or "the broker stop hunted my positions," and "I always had slippage on my orders, and never in my favor." these types of experiences are common among traders and it is quite possible that the broker is not at fault.

Rookie traders

It is also entirely possible that new forex traders fail to trade with a tested strategy or trading plan. Instead, they make trades based on psychology (e.G., if a trader feels the market has to move in one direction or the other) and there is essentially a 50% chance they will be correct.

When the rookie trader enters a position, they are often entering when their emotions are waning. Experienced traders are aware of these junior tendencies and step in, taking the trade the other way. This befuddles new traders and leaves them feeling that the market—or their brokers—are out to get them and take their individual profits. Most of the time, this is not the case. It is simply a failure by the trader to understand market dynamics.

Broker failures

On occasion, losses are the broker's fault. This can occur when a broker attempts to rack up trading commissions at the client's expense. There have been reports of brokers arbitrarily moving quoted rates to trigger stop orders when other brokers' rates have not moved to that price.

Luckily for traders, this type of situation is an outlier and not likely to occur. One must remember that trading is usually not a zero-sum game, and brokers primarily make commissions with increased trading volumes. Overall, it is in the best interest of brokers to have long-term clients who trade regularly and thus, sustain capital or make a profit.

Behavioral trading

The slippage issue can often be attributed to behavioral economics. It is common practice for inexperienced traders to panic. They fear missing a move, so they hit their buy key, or they fear losing more and they hit the sell key.

In volatile exchange rate environments, the broker cannot ensure an order will be executed at the desired price. This results in sharp movements and slippage. The same is true for stop or limit orders. Some brokers guarantee stop and limit order fills, while others do not.

Even in more transparent markets, slippage happens, markets move, and we don't always get the price we want.

Communication is key

Real problems can begin to develop when communication between a trader and a broker begins to break down. If a trader does not receive responses from their broker or the broker provides vague answers to a trader's questions, these are common red flags that a broker may not be looking out for the client's best interest.

Issues of this nature should be resolved and explained to the trader, and the broker should also be helpful and display good customer relations. One of the most detrimental issues that may arise between a broker and a trader is the trader's inability to withdraw money from an account.

Broker research protects you

Protecting yourself from unscrupulous brokers in the first place is ideal. The following steps should help:

Do an online search for reviews of the broker. A generic internet search can provide insights into whether negative comments could just be a disgruntled trader or something more serious. A good supplement to this type of search is brokercheck from the financial industry regulatory authority (FINRA), which indicates whether there are outstanding legal actions against the broker. And if appropriate, gain a clearer understanding of the U.S. Regulations for forex brokers.

Make sure there are no complaints about not being able to withdraw funds. If there are, contact the user if possible and ask them about their experience.

Read through all the fine print of the documents when opening an account. Incentives to open an account can often be used against the trader when attempting to withdraw funds. For instance, if a trader deposits $10,000 and gets a $2,000 bonus, and then the trader loses money and attempts to withdraw some remaining funds, the broker may say they cannot withdraw the bonus funds. Reading the fine print will help make sure you understand all contingencies in these types of instances.

If you are satisfied with your research on a particular broker, open a mini account or an account with a small amount of capital. Trade it for a month or more, and then attempt to make a withdrawal. If everything has gone well, it should be relatively safe to deposit more funds. If you have problems, attempt to discuss them with the broker. If that fails, move on and post a detailed account of your experience online so others can learn from your experience.

It should be pointed out that a broker's size cannot be used to determine the level of risk involved. While larger brokers grow by providing a certain standard of service, the 2008-2009 financial crisis taught us that a big or popular firm isn't always safe.

The temptation to churn

Brokers or planners who are paid commissions for buying and selling securities can sometimes succumb to the temptation to effect transactions simply for the purpose of generating a commission. Those who do this excessively can be found guilty of churning—a term coined by the securities and exchange commission (SEC) that denotes when a broker places trades for a purpose other than to benefit the client. those who are found guilty of this can face fines, reprimands, suspension, dismissal, disbarment, or even criminal sanctions in some cases.

SEC defines churning

The SEC defines churning in the following manner:

The key to remember here is that the trades that are placed are not increasing your account value. If you have given your broker trading authority over your account, then the possibility of churning can only exist if they are trading your account heavily, and your balance either remains the same or decreases in value over time.

Of course, it is possible that your broker may be genuinely attempting to grow your assets, but you need to find out exactly what they are doing and why. If you are calling the shots and the broker is following your instructions, then that cannot be classified as churning.

Evaluate your trades

One of the clearest signs of churning can be when you see buy and sell trades for securities that don’t fit your investment objectives. For example, if your objective is to generate a current stable income, then you should not be seeing buy and sell trades on your statements for small-cap equity or technology stocks or funds.

Churning with derivatives such as put and call options can be even harder to spot, as these instruments can be used to accomplish a variety of objectives. But buying and selling puts and calls should, in most cases, only be happening if you have a high-risk tolerance. Selling calls and puts can generate current income as long as it is done prudently.

How regulators evaluate churning

An arbitration panel will consider several factors when they conduct hearings to determine whether a broker has been churning an account. They will examine the trades that were placed in light of the client’s level of education, experience, and sophistication as well as the nature of the client’s relationship with the broker. They will also weigh the number of solicited versus unsolicited trades and the dollar amount of commissions that have been generated as compared to the client’s gains or losses as a result of these trades.

There are times when it may seem like your broker may be churning your account, but this may not necessarily be the case. If you have questions about this and feel uneasy about what your advisor is doing with your money, then don’t hesitate to consult a securities attorney or file a complaint on the SEC's website.

Already stuck with a bad broker?

Unfortunately, options are very limited at this stage. However, there are a few things you can do. First, read through all documents to make sure your broker is actually in the wrong. If you have missed something or failed to read the documents you signed, you may have to assume the blame.

Next, discuss the course of action you will take if the broker does not adequately answer your questions or provide a withdrawal. Steps may include posting comments online or reporting the broker to FINRA or the appropriate regulatory body in your country.

The bottom line

While traders may blame brokers for their losses, there are times when brokers really are at fault. A trader needs to be thorough and conduct research on a broker before opening an account and if the research turns up positive for the broker, then a small deposit should be made, followed by a few trades and then a withdrawal. If this goes well, then a larger deposit can be made.

However, if you are already in a problematic situation, you should verify that the broker is conducting illegal activity (such as churning), attempt to have your questions answered, and if all else fails, and/or report the person to the SEC, FINRA, or another regulatory body that could enforce action against them.

Заявление на открытие демо-счета

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Unfortunately, IC markets do not accept traders from the united states unless they are “eligible contract participants” (“ecps”), as defined in section 1a(18) of the commodity exchange act. If you qualify as an ECP, you may continue to register as a client of IC markets provided you upload the ECP eligibility declaration form duly completed and signed on secure client area upon registration.

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Основная цель IC markets – создание лучших и наиболее прозрачных условий для розничных и корпоративных трейдеров. Оператор IC markets создан трейдерами и для трейдеров, поэтому мы делаем все для предоставления лучшего спреда, исполнения и обслуживания.

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The website www.Icmarkets.Com/global is operated by IC markets global an entity that is not established in the EU or regulated by an EU national competent authority. The entity falls outside the EU regulatory framework i.E. Mifid II and there is no provision for an investor compensation scheme. Please read our terms & conditions

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**данные, полученные из независимых источников, подтверждают, что сводный недельный спред по EURUSD был лучше, чем среди 32 прямых конкурентов в секторе форекс в 96% времени в период с января по декабрь 2019 года.

***среднее время исполнения ордера, включающее его получение, обработку и подтверждение исполнения, составляет 36,5 мс.

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Risk warning: trading derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.

The advice on this website is general in nature and does not take into account your objectives, financial situation or needs. You should consider whether the advice is suitable for you and your personal circumstances. Please read our legal documents and ensure you fully understand the risks before you make any trading decisions. We encourage you to seek independent advice.

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