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JB Markets

Australia|5-10 years|
Suspicious Scope of Business|Australia Market Making(MM) Revoked|High potential risk|


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+61 2 8188 9776
Level 9, Riverside Centre 123 Eagle Street BRISBANE QLD 4000


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JB Markets

Contact number


+61 2 8188 9776


+61 405 185 211


+61 1300 648 165

Broker Information


Company Name

JB Markets Pty Ltd

Company Abbreviation

JB Markets

Platform registered country and region


Company website

Pyramid scheme complaint


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Warning: Low score, please stay away! 3
Previous Detection : 2024-05-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • AustraliaASIC (license number: 323182) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

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JB Markets · Company Summary

Company Name JB Markets Pty Ltd
Registered in Australia
Regulated by ASIC
Founded in 2007
Trading instruments Forex, Shares and Options, and Futures Options CFDs
Account Types Standard, Platinum, Alpha
Minimum Initial Deposit Varies depending on the account type
Maximum Leverage 1:400
Spreads From 1.7 points to 0.1 points
Trading Platforms CQG and TT
Deposit and withdrawal method Bank wire and credit card
Customer Service Email, phone number, address, website

The details in this review may change, and it is crucial to verify the most recent information directly from the company. The reader bears responsibility for using the information provided.

Overview of JB Markets

JB Markets is a brokerage firm offering a range of financial products and services. It is registered in Australia and regulated by the governing financial authority.

They provide various investment options, including Managed Discretionary Accounts (MDAs) for convenient and professionally managed trading. Traders can engage in Futures Options CFDs, Foreign Exchange, Agricultural Products, Shares & Options, and Managed Funds, allowing for diversified investment opportunities.

The platform offers competitive leverage, spreads, and commissions, providing flexibility for traders. They provide multiple account types to cater to different trading styles and experience levels. Educational resources in the form of videos are available to enhance trading knowledge, and customer support through email, phone, and social media is offered to assist with queries or issues.


Is JB Markets legit or a scam?

JB Markets Pty Ltd ABN 81 123 876 291, AFSL 323182, is an established financial services provider in local and international securities and derivatives markets, servicing retail, sophisticated and institutional investors. JB Markets is established in 2007 and headquartered in Sydney, Australia, and currently holds a full license with ASIC in Australia, regulatory number 323182. JB Markets is a legitimate forex broker that operates under the regulations and oversight of the Australian Securities and Investments Commission (ASIC). Being authorized and regulated by a reputable financial authority signifies that JB Markets complies with strict regulatory requirements and is subject to regular audits and supervision. The company has been providing forex trading services since 2007, further solidifying its credibility and reputation in the industry.


Pros and cons of JB Markets

Like any trading platform, JB Markets has its own set of pros and cons that traders should consider. It's important to recognize that each trading platform comes with its advantages and disadvantages and understanding them can help traders make well-informed decisions. To understand more about the pros and cons of JB Markets, read on.


Transparent fee structure: JB Markets prioritizes fee transparency, reducing costs and aligning interests.

Range of tradable instruments: Diverse options enable portfolio diversification.

User-friendly interface: Easy-to-navigate platform suitable for traders of all levels.

MDA service for professional management: Delegation of account management to professionals.

Customer support and reporting: Assistance, regular reporting, and fact sheets for transparent communication.


Limited Platform Options: Primarily uses CQG and TT platforms and may not suit traders accustomed to other platforms.

No Demo Account: Limits the opportunity for new traders to learn more about trading.

Limited Information: Some information is missing, such as withdrawal method, extended educational resources, account opening requirements, etc.

Limited Counterparty Information: Details about the counterparty exchange are not provided.

Potential lack of detailed information on offerings: Further research and consultation may be required.

Pros Cons
Transparent fee structure Limited platform options
Range of tradable instruments No demo account
User-friendly interface Limited information provided
MDA service for professional management Limited counterparty information
Customer support and regular reporting Potential lack of detailed information on offerings

Products and Services

JB Markets offers a wide range of products designed to meet the diverse needs of traders and investors. Clients can explore a range of investment opportunities and benefit from expert guidance as needed, such as:

  1. Managed Discretionary Accounts (MDAs): JB Markets can trade on your behalf according to a strategy you choose, making investing easier and professionally managed.

  2. Futures Options CFDs: Trade on the price movements of futures options contracts without owning the actual asset, offering hedging and trading opportunities in the futures market.

  3. Foreign Exchange: Access the currency market to trade major and minor currency pairs, taking advantage of currency exchange rate fluctuations.

  4. Agricultural Products: Invest or trade in agricultural products like wheat, corn, and soybeans, benefiting from movements in commodity markets.

  5. Shares & Options: Trade shares of public companies and participate in options contracts to profit from price movements in the equity market.

  6. Managed Funds: Invest in managed investment schemes or funds where professional managers handle your money based on a strategy, providing diversification and cost-effective management.


JB Markets offers a range of services for investors alongside various products, including the Managed Discretionary Service, which provides professional management and diversification for trading futures and equities.

They also offer Full Service Broking Services with access to global markets and direct market access (DMA) on trading platforms. Additionally, they provide the Trade for Yourself service, offering transparent DMA CFDs for trading in global financial markets, with access to a wide range of assets and dedicated support.

Account Types

With the diversity of clients skill, capitals, experience, and goals, JB Markets comes up with a choice of account types. JB Markets offers three types of accounts: Standard Account, Platinum Account, and Alpha Account.

The Standard Account is suitable for new traders and offers small initial investment opportunities. The Platinum Account is designed for experienced traders, providing smaller spreads and increased profit opportunities. The Alpha Account is tailored for customers who use Expert Advisors for transactions, offering the tightest spreads and fixed commission fees for certain transactions.

Each account type has its features and benefits, allowing traders to choose the account that best suits their trading preferences and needs. The comparison of each account type is provided in the table below.

Account Type Standard Account Platinum Account Alpha Account
Minimum Initial Deposit $300 $20,000 Not specified
Leverage Up to 400:1 Up to 400:1 Up to 400:1
Margin Calls 100% 100% 100%
Point Difference As low as 1.7 points As low as 1.1 points As low as 0.1 points
Currency Pairs 36 36 36
Contract Products 56 56 56
Commission Fees None None Charged for FX and precious metals transactions
Deposit Bonus Not specified Up to 15% cash feedback Not specified

How to Open an Account?

Before starting to trade with the variety of account types, you need to register and open a trading account first. The steps to open an account with this broker are very simple, as follows:

  1. Visit the JB Markets website: Go to the JB Markets website and navigate to the account opening section.

  2. Choose the account type: Select the type of account that best suits your trading or investment needs, which are standard, platinum, and alpha accounts.

  3. Fill out the application form: Provide the required personal and financial information as requested in the application form. This includes your name, contact details, identification documents, and other relevant information.

  4. Verify your identity: Complete the necessary identity verification process.

  5. Fund your account: Once your application is approved and your identity is verified, you can fund your account. JB Markets typically provides multiple funding options, including bank transfers and credit cards.

  6. Start trading or investing: Once your account is funded, you can begin trading or investing in the available financial instruments offered by JB Markets.


JB Markets offers traders a range of leverage options to suit their trading preferences and risk tolerance. Clients can choose from leverage ratios of 20:1, 50:1, 100:1, 200:1, and 400:1 when opening an online account. The default leverage options available during the account opening process are 200:1 and 400:1.

However, if traders wish to use a different leverage ratio, they can contact their account manager or send a request via email to the platform. It's important to note that promotional or gift activities may have a reduced leverage limit of 200:1.

By providing a variety of leverage options, JB Markets allows traders to customize their trading experience and potentially amplify their positions, while also considering the importance of responsible risk management.

Spreads & Commissions

JB Markets offers spreads and commissions as part of their pricing structure for trading services. The spread refers to the difference between the buying and selling prices of a financial instrument, such as a currency pair or a commodity. The minimum spread in JB Markets varies depending on the account type.

For the Standard Account, the spread is as low as 1.7 points. For the Platinum Account, the spread is as low as 1.1 points, and for the Alpha Account, the spread is as low as 0.1 points.

Additionally, for certain products, such as CFDs and Margin FX transactions, commissions may apply. Details regarding the commission fee according to each product type are shown in the table below.

Type of Product Basis Maximum Fee
Securities – Domestic Per transaction up to A$110 or 1.25% Whichever is greater
Securities – International Per transaction up to A$200 equivalent or 1.25% Whichever is greater
Exchange Traded Options Per transaction Up to A$99
Futures Per transaction Up to A$99 per lot
Futures Options Per transaction Up to A$99 per lot
Derivative Contracts Per transaction Up to 2 pip spread mark-up per transaction

Please note that the fees mentioned in the table are inclusive of GST (Goods and Services Tax).

Trading Platform

JB Markets utilizes CQG (Continuum) and TT (Trading Technologies) as trading platforms, which differ from the commonly known MetaTrader platforms (MT4 and MT5). CQG and TT are advanced and professional trading platforms that cater to the needs of institutional traders and professional market participants.


CQG is renowned for its strong data and order routing capabilities, providing traders with accurate market information. It offers advanced charting tools with various technical indicators for thorough market analysis. CQG also offers customizable APIs for developing automated strategies, making it a favored choice for traders seeking advanced algorithmic trading capabilities.

On the other hand, TT specializes in electronic derivatives trading, offering sophisticated order routing, trade execution, and risk management features. It provides access to global markets, including futures, options, and cryptocurrencies, with low-latency trade execution and connectivity to multiple exchanges. TT is popular among professional traders and institutions in the futures and options markets.


Administrative Fees

JB Markets charges administrative fees to cover the costs associated with managing and maintaining client accounts. These charges may vary depending on the specific service provided.

Administrative Service Fee (incl. GST)
Withdrawal (same day value) A$35.00
Duplicate Statements A$20 per statement
Provision of live data feed At Exchange rates as advised
Phone broking charges Up to A$55.00 per transaction
Default Interest Rate RBA Cash Rate plus 5%

Deposit and Withdrawal Methods

JB Markets offers multiple deposit methods for funding your account. This is in order to cater for the clients convenience. You can choose from the following options:

Bank Wire Transfer: Transfer funds to your account through a wire transfer. It typically takes 1 to 2 working days for domestic transfers and 3 to 5 working days for international transfers.

Credit Card: Deposit money into your account using a credit card.

Customer Support

JB Markets provides customer support services to assist clients with their inquiries and concerns. They offer multiple channels of communication, including phone, email, Facebook, Twitter, YouTube, and LinkedIn accounts. Customers can also directly submit any inquiries on the official website. JB Markets also provide the office address, based in Brisbane and Sydney, for customers to reach out to them easily.


Educational Resources

JB Markets offers educational resources to enhance clients' trading knowledge and skills. These resources are in the form of educational videos, answering popular questions about trading and the market instruments, to provide basic knowledge as most beginners are likely unfamiliar with the terms used in trading.



In conclusion, JB Markets provides a comprehensive trading platform with a range of features and services to meet the needs of traders. With a variety of account types, clients can choose an option that aligns with their trading style and experience level. The platform offers competitive trading conditions, robust data and order routing capabilities, and access to global markets. Additionally, JB Markets provides customer support and educational resources to assist traders in their trading journey. However, potential clients need to conduct their own research and due diligence to ensure JB Markets meets their specific requirements and preferences.

Frequently Asked Questions

Q: What is JB Markets?

A: JB Markets is a regulated trading platform providing access to global markets for trading various financial instruments.

Q: Is JB Markets regulated?

A: Yes, JB Markets is regulated by ASIC, ensuring compliance with industry standards.

Q: What account types are available?

A: JB Markets offers different account types, including standard, platinum, and alpha accounts, each with unique features.

Q: How can funds be deposited?

A: JB Markets allows deposits via bank wire transfer and credit card for convenience.

Q: What educational resources are provided?

A: JB Markets offers educational videos to answer popular questions about trading and related market instruments.


ASIC cancels AFS license of JB Markets

NewsASIC cancels AFS license of JB Markets

2024-04-22 15:19

According to ASIC's official website, ASIC has decided to cancel the Australian Financial Services (AFS) license of JB Markets Pty Ltd (JB Markets) effective from 12 April 2024.

2024-04-22 15:19
ASIC cancels AFS license of JB Markets
ASIC Suspends JB Markets AFS License

NewsASIC Suspends JB Markets AFS License

2023-11-17 11:29

The Australian Securities and Investments Commission (ASIC) has suspended JB Markets' Australian Financial Services (AFS) license until April 30, 2024, for non-compliance with financial licensing requirements. This action reflects ASIC's commitment to market integrity and consumer protection. The release also outlines ASIC's role in regulating financial services, highlighting its efforts in enforcing standards within the Australian financial industry.

2023-11-17 11:29
ASIC Suspends JB Markets AFS License

User Reviews

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more than one year
Limited platform options, no demo account for the newbies, and some info gaps, like withdrawal methods. Also, they keep the counterparty info under wraps, which might bug some traders, including me.
2023-12-13 00:33
more than one year
JB Markets is amazing. Their liquidity providers are top-notch, which means the spreads are incredibly tight. And the best part? I've never experienced any lag or dropped connections while trading on their platform. The only downside is that their customer service can be a bit slow to respond at times. But honestly, it's a small price to pay for such a great trading experience.
2023-03-29 10:19
何生(He guoli)
more than one year
Is JB Markets a reliable brokerage company? Has anyone traded with it? I'd appreciate some advice. ASIC's regulatory license and a long period of establishment give me peace of mind.
2023-03-13 18:31
S Diana P
more than one year
Assalamu'alaikum, I'm sorry, I feel like I'm just beginning to be afraid to judge him
2022-09-26 17:51
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