JP Finance is a forex broker that is located in the Marshall Islands. In the review below, we take an in-depth look at the features JP Finance allegedly offers. The review covers aspects of its licensing, its account types, its leverages, its withdrawal and deposit methods. Read through our review to see what we and other experts have to say about JP Finance.

JP Finance Trading Platform       

Although the website looks professional and well-designed, It feels empty as necessary and required information isn’t provided. At first glance we discover that this broker doesn’t broker support neither the MT4 nor the MT5 trading platform. They use a web-based platform to offer assets such as Forex (with leverages up to 1:400) CFDs, Indices, Stocks, and Precious metals.

JP Finance Account Types

In this portion of the review, we aim to explore the account types a broker might have. We check the account with its corresponding deposit and leverage. Doing this gives a clearer idea as to how a broker might work.

After thoroughly checking we discovered that this broker has five account types

JP Finance Deposit and Withdrawal Methods

Deposit and withdrawals are the two most important transactions for us, because the end goal of trading is making a profit. In this section, we look at these methods to make sure everything is okay with it.

This broker supports transactions through Elite Trading University (this is not a payment gateway. Elite Trading University is an online forex trading course provide), Visa, and MasterCard.

This broker has many fees attached to it, one of them it’s the 0.5% fees on withdrawals.

Another thing to keep in mind is that there might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume in order to be eligible for withdrawal. This is purposefully done in order to stop traders from making a withdrawal

Is JP Finance Licensed?

Licensing is another important part, because a regulated broker can be trusted to some extent not to do anything fraudulent. We do this part of the review by first checking the name of the company attached to the broker. Then we run that name through various regulatory bodies to discover if it is actually regulated.

Aside from the fact that JP Finance doesn’t give any licensing information, we cannot ignore the fact that this Broker resides in the Marshall Islands. Marshall Islands is a place that attracts shady brokers because of their lack of proper licensing laws and a regulatory body.

For due diligence we used the information this broker provided to check their licensing status. So in order to ascertain if this broker was licensed, we had to check several regulatory bodies. We checked the FCA in UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, CONSOB in Italy and many others. At the end of our search we didn’t find any licensing information concerning this broker.

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Licensed in UK(FCA), Dubai(DFSA), St Vincent and the Grenadines, Cyprus(Cysec) and Cayman Islands

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Minimum Trade Deposit $100

Maximum Leverage
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Conclusion

We wouldn’t recommend using this forex brokerage, we are not impressed with the vague information they have provided. 

In conclusion, we wouldn’t advise or recommend you to trade with JP Finance as they don’t give any information concerning if they are a regulated broker. 

JP.Finance is likely a platform run by scammers, trading with them would likely result in you losing your money. There is a tremendous risk on any transactions interested traders may conclude with the brokerage and we deeply recommend they look elsewhere for viable trading option.