JP Markets - Stay Away From This Broker

JP Markets Scam Finally Over

JP Markets

If you are a forex trader from South Africa you may have heard of JP Markets, a broker that claimed to be "Africa's biggest forex broker". The broker however didn't have a good reputation among traders, as it has been consistently accused of misconduct.

According to an article from IOL, JP Markets have been accused of not paying out client withdrawals, not posting client’s deposits to their trading accounts and even manipulating data feeds.

Because of the repeated abuses, JP Markets is now under final liquidation as per the order of the Gauteng High Court. On liquidation, the licence of JP Markets was automatically withdrawn.

The JP Markets saga shows how important it is to work only with highly rated reputable forex brokers. We have always recommended against using low rated brokers, and we have always kept an up to date list of the best forex brokers in the world that accept traders from South Africa.

Best Forex Brokers In The World

Below is the ranking of the top 10 forex brokers with their corresponding rating score:

1. Pepperstone   96
2. Ava Trade   94
3. XM Forex   93
4. Hotforex   92
5. IC Markets   91
6. Forex Time   88
7. Pax Forex   86
8. Roboforex   84
9. Vantage FX   81
10. BD Swiss   79

You can click on a broker's logo to visit its website.

Risk Warning: Forex and CFD trading is risky and can result in the loss of your entire investment. Trading with leverage involves risks that some people may not fully understand. It is not recommended to trade leveraged products unless fully understanding the risks. Never trade with money you cannot afford to lose.

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