Score
JP Exchange
United Kingdom|Within 1 year| https://jpexchange.com/
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Contact number
+44 01268 792061
Other ways of contact
Broker Information
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JP Investment Ltd
JP Exchange
United Kingdom
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | -- |
| Minimum Deposit | $5,000 |
| Minimum Spread | 0,1 |
| Products | -- |
| Currency | -- |
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| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | $6 |
| Benchmark | -- |
|---|---|
| Maximum Leverage | -- |
| Minimum Deposit | $5,000 |
| Minimum Spread | 0.1 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | $6 |
| Benchmark | -- |
|---|---|
| Maximum Leverage | -- |
| Minimum Deposit | $100 |
| Minimum Spread | 1.2 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | $0 |
| Benchmark | -- |
|---|---|
| Maximum Leverage | -- |
| Minimum Deposit | $500 |
| Minimum Spread | 0.6 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | $0 |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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JP Exchange · Company Summary
| JP Exchange Review Summary | |
| Founded | 2017 |
| Registered Country/Region | United Kingdom |
| Regulation | Unregulated |
| Market Instruments | Forex, indices, stock CFDs, commodities and cryptos |
| Demo Account | ✅ |
| Leverage | From 1:20 to 1:1000 |
| EUR/ USD Spread | From 0.1 pips |
| Trading Platforms | MT5 |
| Minimum Deposit | $100 |
| Customer Support | 24/5 Phone and email |
JP Exchangee, launched in 2017, stands as an online platform providing a diverse range of trading services through MT5. Moreover, through its subsidiary, JP Exchangee Prime, the platform extends specialized prime brokerage services. However, there is a problem that it is not regulated well.
Pros and Cons
| Pros | Cons |
| MT5 supported | Not regulated |
| Demo and Islamic accounts | Regional restrictions |
| Acceptable minimum deposit | Commissions charged |
| Flexible leverage ratios |
Is JP Exchange Legit?
As of now, JP Exchange is functioning without the oversight of proper regulatory authorities. This lack of regulation raises significant concerns about the safety and security of the platform for its users.
What Can I Trade on JP Exchange?
JP Exchange offers forex, indices, stock CFDs, commodities and cryptos to trade.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Stocks | ✔ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
JP Exchange offers three of live accounts: the Standard, the ECN, and the Pro accounts, with the minimum deposits of $100, $500, and $5,000 respectively. The demo and Islamic accounts are also applicable.
Leverage
JP Exchange offers the maximum leverage for different accounts and instruments. For example, for major FX pairs, it offers up to 1000x for the Standard and the Islamic accounts, and up to 500x for the ECN and Pro accounts.
| Instrument | Standard Account | ECN Account | Pro Account | Islamic Account |
| Major FX Pairs | Up to 1:1000 | Up to 1:500 | Up to 1:1000 | |
| Minor FX Pairs | Up to 1:1000 | Up to 1:500 | Up to 1:1000 | |
| Exotic FX Pairs | Up to 1:200 | |||
| Commodities (Spot) | Up to 1:200 | |||
| Stock Indices | Up to 1:200 | |||
| Stock CFD | Up to 1:20 | |||
| Cryptocurrency | Up to 1:20 | |||
JP Exchange Fees
In comparison to other brokerage services, JP Exchange offers lower spreads, starting from just 0.1 pips. They offer three distinct account types:
- The Standard account features spreads beginning at 1.2 pips with no commission charges.
- The ECN account provides spreads as low as 0.6 pips, along with a $10 commission per transaction.
- The Pro account type offers the tightest spreads starting at 0.1 pips and includes a $6 commission per trade.
Trading Platform
JP Exchange supports MT5 trading platform. Available on desktop, mobile, and the web, the MetaTrader 5 platform alows users to trade from any device with an internet connection. Traders can utilize analysis tools, alongside fundamental analysis features like financial news and an economic calendar.
Deposit and Withdrawal
JP Exchange supports bitcoin, Mastercard, VISA, Skrill, PayPal and NETELLER to deposit and withdraw.
Customer Service
JP Exchange offers 24/5 customer service through phone and email.
| Contact Options | Details |
| Phone | 01268 792061 |
| support@jpexchange.com | |
| Contact Form | ❌ |
| Online Chat | ❌ |
| Social Media | ❌ |
| Supported Language | English |
| Website Language | English, Chinese, and Vietnamese |
| Physical Address | 13 Castle Street, St Helier, Jersey, JE2 3BT |
The Bottom Line
In conclusion, JP Exchange is a regular forex broker. It offers many trading instruments with three live, demo and Islamic accounts through the MT5 trading platform. It also offers flexible leverage ratios nd acceptable minimum deposits. However, it is noted that it has no regulation and they do not offers services for any residents.
FAQs
Is JP Exchange good for day trading?
Yes.
What security measures does JP Exchange have in place to protect my funds and personal information?
It claims it implements robust account protection measures to safeguard against unauthorized access and fraudulent activities.
At JP Exchange, are there any regional restrictions for traders?
Yes. It does not provides services for the residents of United States, Canada, Israel and Islamic Republic of Iran.
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