Getting started with JP Markets
Looking into joining the growing Forex industry but don’t know where to start? We’ve got you covered. Make your way through the information below to gear you up for your trading journey.
What is Forex?
Forex trading, or foreign exchange trading, involves the buying and selling of currencies on the foreign exchange market with the aim of making a profit. The forex market is one of the largest financial markets globally, and it operates 24 hours a day, five days a week.
In forex trading, participants trade currency pairs, where one currency is exchanged for another at an agreed-upon exchange rate. Traders can profit from changes in currency exchange rates by buying a currency pair at a lower price and selling it at a higher price or by selling a currency pair at a higher price and buying it back at a lower price.
Forex trading requires a good understanding of the market, economic factors, and technical analysis. It can be highly volatile and involves risks, so individuals interested in forex trading should educate themselves and consider practicing with a demo account before engaging in real trading. Additionally, it’s important to manage risks carefully and be aware of the potential for both gains and losses in the forex market.
What is a Broker?
A Forex broker, short for foreign exchange broker, is a financial intermediary that facilitates the trading of currencies on the foreign exchange market. Forex brokers provide a platform for individuals and institutions to buy and sell currency pairs.
Key functions of forex brokers include:
Platform Access
They offer trading platforms that allow traders to execute buy or sell orders in the foreign exchange market.
Market Information
Forex brokers provide real-time price quotes, charts, and other relevant market information to help traders make informed decisions.
Order Execution
They execute buy or sell orders on behalf of their clients in the forex market.
Leverage
Many brokers offer leverage, allowing traders to control larger positions with a relatively small amount of capital. While leverage can amplify profits, it also increases the risk of significant losses.
Account Management
Forex brokers manage trading accounts, including handling deposits, withdrawals, and other administrative tasks.
Research and Analysis
Some brokers provide research and analysis tools to assist traders in making trading decisions.
Fully regulated
When choosing a Forex broker, it’s crucial to consider factors such as regulation, trading fees, available currency pairs, customer support, and the trading platform. Regulatory oversight is important to ensure the broker operates transparently and fairly. JP Markets proudly has an ODP licence, setting us above the rest.
Traders should exercise caution and conduct thorough research before selecting a Forex broker to ensure a safe and reliable trading environment.
ODP licence
An ODP licence is an 'Over The Counter Derivative Product' licence, for financial services providers that contract in derivative products, such as CFDs.
FSP License
An FSP license, which stands for Financial Service Provider license, is a regulatory approval granted by authorities to individuals or companies offering financial services.
Continue your learning
Take advantage of our free ebooks and bog posts below to further add to your trading knowledge bank.
Download and enjoy some of our ebooks and blogs
Blogs
Stay updated with essential tips for successful trading.
E Books
Master advanced trading strategies to enhance your skills.
Quiz
Test your knowledge in trading by taking our trading knowledge assessment quiz.
Now that you have a basic understanding of the industry, let’s take you through the sign-up process step by step.
Signup or Register
Visit the JP Markets registration page to register and signup with a easy to use verification process
Email Verification
Check your inbox for the JP Markets validation email.
Click on the validation link to verify your email address.
Access Your Dashboard
Log in to your JP Markets account.
Access your personalised dashboard.
Complete Questionnaires
Complete the Personal Questionnaire.
Fill in the Financial Questionnaire to tailor your experience.
Deposit Funds
Choose to deposit funds immediately or do it later.
.
Select your preferred deposit method.
Verify Your Identity
Upload necessary documents for verification.
Required documents include:
ID (Identification Document)
POA (Proof of Address)
BS (Bank Statement)
OR
Follow the videos below to guide you to get started with JP Markets
How to register with JP Markets?
How to get your approval (FICA) finalised?
What is the MT5 platform and how do you gain access?
How to register with JP Markets?
How to get your approval (FICA) finalised?
What is the MT5 platform and how do you gain access?
Navigating the JP Markets dashboard?
How to Deposit funds
Navigating the JP Markets dashboard?
How to deposit funds
Need support?
Our team is on standby to assist, simply contact them via Whatsapp here:
Hear what our clients have to say
