What is JP PRO？
JP PRO, operated by JP Global Limited, is an online trading platform based in Thailand. Established in 2015, JP PRO operates without regulatory oversight, raising potential concerns about the platform's adherence to financial standards and user protection measures.
Pros & Cons
Pros:
High Maximum Leverage: JP PRO offers a high maximum leverage of 1:1000, providing traders with the potential to amplify their positions, which can be advantageous for those seeking higher returns.
Low Minimum Deposit: The platform allows for a low minimum deposit of $100, making it accessible to traders with smaller capital.
MT5 Supported: JP PRO supports the MetaTrader 5 (MT5) trading platform, known for its advanced features and capabilities.
Live Chat Available: The presence of live chat support enhances customer assistance and provides a real-time communication channel for user inquiries.
Cons:
No Regulation: JP PRO operates without regulatory oversight, indicating a lack of adherence to established financial standards and potentially posing risks to users.
Strict Regional Restrictions: The platform imposes strict regional restrictions, limiting access for users from countries such as the USA, Canada, Japan, Australia, Cuba, Afghanistan, Thailand, North Korea, South Sudan, and other restricted regions. This may limit the platform's availability to a global audience.
Is JP PRO Safe or Scam？
Users have reported several issues with JP PRO, primarily related to difficulties in withdrawing money from their trading accounts. Traders have expressed frustration over rejected withdrawal requests, with some mentioning promises made by the platform that were not honored. One user specifically highlighted the rejection of four withdrawal orders, indicating a pattern of impediments in accessing funds.
Additionally, there are complaints about the platform's practices, including the intentional blocking of withdrawal orders, giving various reasons for rejection, and suspending withdrawal orders. Some users raised concerns about promised deposits and withdrawals not being fulfilled, leading to dissatisfaction and a perception of dishonest business practices.
Market Instruments
Forex: Traders can participate in the foreign exchange market, where they have the opportunity to trade different currency pairs, including major, minor, and exotic pairs.
Shares: The platform offers the ability to trade shares, allowing users to buy and sell ownership in publicly listed companies.
Indices: JP PRO provides access to trading major global indices, enabling traders to speculate on the overall performance of stock markets.
Commodities: Traders can access commodities such as precious metals, energy products, and agricultural goods without needing physical ownership.
Cryptocurrencies: JP PRO supports the trading of various cryptocurrencies, allowing users to engage in the rapidly growing digital asset market.
Account Types
JP PRO offers multiple account types to cater to different trader preferences and experience levels. Here are the four account types provided by JP PRO:
Standard Account:
ECN Account:
Minimum Deposit: $500
ECN accounts are designed for traders who prefer Electronic Communication Network (ECN) trading. This account type provides access to features such as a Personal Account Manager, Trading Central, VIP Webinars, and Instant Withdrawals.
Pro Account:
Islamic Account:
Leverage
JP PRO offers different account types with varying maximum leverage levels. The Standard Account provides a maximum leverage of 1:1000, allowing for more significant control of positions with a smaller capital investment. On the other hand, the ECN, Pro, and Islamic accounts offer a maximum leverage of 1:500, striking a balance between risk and opportunity. Traders should be mindful of the associated risks and employ effective risk management strategies when utilizing leverage in their trades.
Spread & Commission
JP PRO provides different accounts with different spreads and commissions. The Standard and Islamic accounts enjoy the same spread and commission. The ECN account users need to pay the highest commission. The Pro accounts enjoy the lowest spread.
Trading Platform
JP PRO provides a versatile and widely recognized trading platform in the form of MetaTrader 5 (MT5). This platform is accessible on desktop, and mobile devices, and through the website, offering traders flexibility in their trading experience. MT5 is renowned for its user-friendly interface, advanced charting tools, and comprehensive features that cater to both novice and experienced traders. With seamless integration across various devices, JP PRO ensures that traders can execute trades, analyze market trends, and manage their portfolios with convenience and efficiency.
Customer Support
JP PRO provides accessible and responsive customer support services to its users. Available 24/7, the platform offers a Live Chat feature for immediate assistance. Users can also reach the support team via telephone at +66988776979 or through email at support@jppro.com. The inclusion of various communication channels ensures that traders can seek help or address inquiries promptly. Additionally, JP PRO maintains a presence on social media platforms such as Facebook (https://www.facebook.com/jpprobroker) and YouTube, providing users with alternative avenues to connect and stay informed. The company's physical address is located at The Excel Hideaway, Sukhumvit 50, Bangkok 10240. Overall, JP PRO aims to offer comprehensive customer support to enhance the trading experience for its users.
Conclusion
JP PRO offers a diverse range of market instruments, several advantageous trading features, and the popular MetaTrader 5 (MT5) trading platform. However, its non-regulated status raises concerns about adherence to financial standards. Customer feedback indicates issues with withdrawal difficulties and unfulfilled promises, emphasizing the need for caution.
Frequently Asked Questions (FAQs)
Q: Is JP PRO regulated？
A: No, JP PRO operates without regulatory oversight.
Q: What is the minimum deposit for a Standard Account？
A: The minimum deposit for a Standard Account is $100.
Q: Does JP PRO provide an Islamic Account？
A: Yes, JP PRO offers an Islamic Account with a minimum deposit of $100, adhering to Islamic finance principles.
Q: What is the maximum leverage JP PRO provided？
A: JP PRO provides a maximum leverage of 1:1000 but only for Standard accounts.
Q: Are there regional restrictions for JP PRO？
A: Yes, JP PRO imposes strict regional restrictions, including countries like the USA, Canada, Japan, Australia, Cuba, Afghanistan, Thailand, North Korea, South Sudan, and others.
Q: Does JP PRO support MT4 or MT5？
A: Yes, JP PRO supports MT5.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
2024-01-19 11:53
2024-01-10 18:24
