JP Markets vs CMSTrader

JP Markets vs CMSTrader Comparison Table 2024
JP Markets CMSTrader
1.5
CMSTrader has closed.
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

JP Markets is a South African forex and CFD broker established in 2016. The broker is regulated by the FSCA in South Africa although the firm has been involved in controversy in recent years. The brokerage offers thousands of assets in ECN and STP accounts, including forex, stocks and commodities. The firm promises high-quality support, tailored services and innovation to its global traders.

CMSTrader offers multi-asset trading with fast payment speeds & useful features.

Bonus Offer
200% deposit bonus up to R280,000
Comment by Reviewer
"South African traders looking to speculate on 5000+ popular markets with a $0 minimum deposit and high leverage up to 1:500 will be well served by JP Markets."
Pros
  • A wide selection of 5000 instruments spanning stocks, forex, indices, commodities and cryptos
  • No fees on deposits or withdrawals plus a breadth of local payment methods for South African clients
  • Range of ECN or STP account types with ZAR, USD and GBP base currencies
  • Decent demo account for beginners with flexible leverage
  • Same-day deposits and withdrawals
  • Free forex courses and webinars
  • WhatsApp customer support
  • MetaTrader 4 integration
Cons
  • Higher trading fees than many brokers with wide spreads and a $10 commission per lot
  • Scalping, hedging and automated trading not permitted
  • Mainly aimed at South African clients
  • Lack of transparency on the website
  • No MetaTrader 5 software
  • Some customer complaints
  • Outdated blogs
Awards
  • South Africa’s Best Broker 2019 - Global Business Outlook
  • South Africa’s Fastest Growing Broker 2019 - International Finance
  • The Most Transparent Broker 2019 - The European
  • Forex CEO of the year South Africa 2020 - International Business Magazine
Instruments
Forex CFDs, indices, stocks, commodities, cryptocurrencies Forex, CFDs, indices, shares, commodities, cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$0 $500
Trading Platforms
  • MT4
  • MT5
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FSB
Margin Trading
No No
STP Account
No No
ECN Account
Yes No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
Yes Yes
Auto Trading
Yes
Copy Trading
No No
Social Trading
No Yes
Trade Signals
No Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No Yes
Commodities
CFD Trading
Access over 5000 CFDs with high leverage up to 1:500. Trading costs are high with a $10 commission per lot, though the broker does offer accessible trading in ZAR, USD or GBP for global clients. Trade online CFDs with 1:400 leverage.
Leverage
1:400 1:400
FTSE Spread
19 pips €3.5
GBPUSD Spread
2.4 pips from 4.0
Oil Spread
10 pips €0.05
Stocks Spread
From 0.7 pips from 0.01
Forex Trading
JP Markets only offers 30 currency pairs, which does not match top brokers. Average spreads on EUR/USD are also around 2 pips, which is higher than many competitors. Trade FX with high leverage rates.
GBPUSD Spread
2.4 pips 4
EURUSD Spread
2 pips 3
EURGBP Spread
2.4 pips 4
Assets
30 35+
Cryptocurrency
Some digital tokens are available, including Bitcoin, though crypto deposits are not supported. Crypto traders may want to consider a more reliable and regulated broker. Trade on a handful of cryptocurrencies.
Spread
Variable Variable
Coins
  • BTC
  • LTC
  • ETH
  • XRP
  • BTC
  • LTC
  • ETH
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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