JPPro is a leading provider of online foreign exchange (FX) trading, CFD trading, spread betting and related services. Founded in 2015, the company’s mission is to provide global traders with access to the world’s largest and most liquid market by offering innovative trading tools, hiring excellent trading educators, meeting strict financial standards and striving for the best online trading experience in the market.
What is JP PRO？
JP PRO is an online forex and CFD trading platform based in Thailand. It offers a variety of account types to suit different needs, with a minimum deposit of $100. Utilizing the MetaTrader 5 platform, JPPro provides access to over 500 CFD instruments across six asset classes, including Forex, shares, indices, commodities, and cryptocurrencies.
To attract new clients, JPPro offers promotions such as a 100% welcome bonus based on the total deposit within the first week, with an additional bonus of $3,000 available within three days of opening an account. However, JP PRO does not have a valid securities license.
Pros & Cons of JP PRO
Pros:
Diverse Account Types: JPPro offers a variety of account options (Standard, ECN, Pro, and Islamic), catering to different trading needs and preferences, including those adhering to Sharia law.
MetaTrader 5 Platform: JPPro utilizes the MetaTrader 5 platform, known for its comprehensive trading tools, advanced charting capabilities, and user-friendly interface available on PC, mobile, and web trader.
Wide Range of Instruments: With over 500 CFD instruments spanning Forex, shares, indices, commodities, and cryptocurrencies, traders have ample opportunities to diversify their portfolios.
Promotions: Attractive promotions, such as a 100% welcome bonus and a $3,000 bonus for new accounts within the first week, can provide significant initial trading capital.
Cons:
Lack of Regulation: JPPro is currently unregulated, posing a significant risk to traders as there is no formal oversight or protection against malpractice.
Limited Information on Fees: Details about account fees, interest on uninvested cash, and margin interest rates are not provided, which is a disadvantage for traders needing comprehensive cost insights.
Is JP PRO safe？
JP PRO cannot be considered safe for trading due to the lack of regulation.
JP PRO does not hold a valid securities license. This means they are not overseen by any financial authority, such as government agencies that ensure brokers follow fair practices and maintain adequate capital reserves. Without regulatory oversight, there's a higher chance of fraudulent activity by the broker. If JP PRO goes bankrupt or engages in misconduct, you have no recourse for getting your money back.
What are Securities to Trade with JP PRO？
JP PRO offers a range of securities for trading, including traditional financial instruments and newer digital assets. These securities provide traders with diverse opportunities to build portfolios, manage risk, and capitalize on market movements across various asset classes.
Forex: Currency pairs from major, minor, and exotic currencies, allowing traders to speculate on exchange rate movements in the foreign exchange market.
Shares: Individual shares of publicly traded companies from global markets, enabling traders to take positions on specific companies' performance.
Indices: Major stock market indices representing baskets of stocks from specific regions or sectors, providing exposure to broader market trends.
Commodities: Tradable goods such as precious metals (gold, silver), energy products (oil, natural gas), agricultural products (corn, wheat), and industrial metals (copper, aluminum).
Cryptocurrencies: Digital currencies like Bitcoin, Ethereum, and Litecoin, offer opportunities to participate in the growing cryptocurrency market.
JP PRO Accounts
JP PRO offers a range of trading accounts tailored to meet the needs of different traders.
The Standard Account is a popular choice for those starting in the trading world, with a minimum deposit of $100, making it accessible to a wide range of traders.
The ECN Account is more suitable. With a minimum deposit of $500, this account type is favored by traders who value lower spreads and faster execution.
The Pro Account caters to experienced traders and institutional clients with a higher minimum deposit of $5,000. It provides advanced trading conditions and is ideal for those with a larger trading capital seeking professional-grade trading services.
For traders who require an account that complies with Islamic principles, JP PRO offers an Islamic Account. This account type operates without swap charges, making it suitable for traders who cannot receive or pay interest due to religious beliefs.
JP PRO Fees Review
JP PRO offers a transparent and competitive fee structure across its range of trading accounts, providing flexibility and transparency in trading costs.
The Standard Account is commission-free, with traders only paying the spread, starting from 1.2 pips. The ECN Account charges a commission of $10 per lot in addition to the spread, which starts from 0.6 pips. The Pro Account, designed for professional traders, offers the tightest spreads starting from 0.1 pips, with a commission of $6 per lot. For traders who require a Sharia-compliant account, the Islamic Account has no swap charges.
JP PRO App Review
JP PRO provides traders with access to the popular MetaTrader 5 (MT5) platform, available on PC, mobile, and webtrader versions. MT5 is known for its advanced charting tools, technical analysis capabilities, and algorithmic trading functionalities. Traders can use MT5 to trade a wide range of instruments, including forex, shares, indices, commodities, and cryptocurrencies.
The platform offers a user-friendly interface and customizable features, allowing traders to tailor their trading environment to suit their preferences. With MT5, traders can execute trades quickly and efficiently, access real-time market data, and use various order types to manage their positions effectively.
Research & Education
JP PRO offers traders a comprehensive suite of research and educational resources designed to enhance their trading experience.
Through its personalized analytical tools, traders gain access to unique insights into market trends and sentiment, providing them with a competitive edge. These tools are complemented by performance analytics, which allows traders to create effective trading plans and monitor their performance in real-time.
Furthermore, JP PRO provides a steady stream of news and analysis, delivering real-time market commentary and actionable trading ideas from a team of expert analysts.
The platform also offers a comprehensive library of free educational material for both new traders to the market and seasoned professionals.
Customer Service
JP PRO offers multiple avenues for customer support, including live chat, phone, and email options. Traders can access live chat support for immediate assistance, ensuring quick resolution of queries or issues. Additionally, traders can contact JP PRO's customer support team by phone at +66988776979 for personalized assistance.
For non-urgent inquiries or support requests, traders can email JP PRO at support@jppro.com. This option allows traders to provide detailed information about their inquiry or issue, facilitating a more comprehensive response from the support team.
Conclusion
JP PRO presents itself as a feature-rich forex and CFD trading platform with a variety of account types, a popular trading platform (MetaTrader 5), and a wide range of tradable instruments. They even offer attractive bonuses to entice new clients.
While JP PRO may seem appealing with its diverse offerings, the lack of regulation makes it a risky choice for trading. It's highly recommended to prioritize brokers that are licensed by a reputable financial authority.
Frequently Asked Questions (FAQs)
Is JP PRO regulated？
No, JP PRO is currently unregulated.
What is the minimum deposit required to open an account with JP PRO？
The minimum deposit for a JP PRO account is $100.
What trading platform does JP PRO use？
JP PRO utilizes the MetaTrader 5 (MT5) platform.
Are there any promotions or bonuses for new traders？
Yes, JP PRO offers a 100% welcome bonus based on the total amount deposited in the first week, along with an additional bonus of $3,000 within three days of opening an account.
Risk Warning
The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.
Turkey
Thailand
