JP Markets vs EagleFX

JP Markets or EagleFX – which is better for UK traders 2024? Compare JP Markets and EagleFX in this detailed breakdown of their platforms, features and fees.

JP Markets vs EagleFX Comparison Table 2024

JP Markets	EagleFX
1.5	4.1
JP Markets is ranked #91 among CFD brokers.	EagleFX is ranked #27 among CFD brokers.
Review	Review
JP Markets is a South African forex and CFD broker established in 2016. The broker is regulated by the FSCA in South Africa although the firm has been involved in controversy in recent years. The brokerage offers thousands of assets in ECN and STP accounts, including forex, stocks and commodities. The firm promises high-quality support, tailored services and innovation to its global traders.	EagleFX is a forex and CFD broker, established in 2019. The broker uses STP execution on the MT4 platform, offering tight spreads and low commissions. With leverage up to 1:500 and no restrictions on hedging or scalping, EagleFX is an attractive option for short-term traders.
Pros
A wide selection of 5000 instruments spanning stocks, forex, indices, commodities and cryptos No fees on deposits or withdrawals plus a breadth of local payment methods for South African clients Range of ECN or STP account types with ZAR, USD and GBP base currencies Decent demo account for beginners with flexible leverage Same-day deposits and withdrawals Free forex courses and webinars WhatsApp customer support MetaTrader 4 integration	The $6 round-turn commissions at EagleFX are competitive, with other commission structures we review often coming in at around $7 per round-turn, protecting profit margins for active traders. This broker offers free and unlimited demo accounts in MT4, plus no inactivity fees - ideal for beginners seeking a risk-free environment to develop trading strategies. EagleFX has introduced Bitcoin deposits, as well as fast-tracked withdrawals, which will serve active traders looking for hassle-free account management. EagleFX continues to offer 24/7 customer support to clients via live chat, email or telephone while the ticket system on the website usually sees replies within 15 minutes.
Cons
Higher trading fees than many brokers with wide spreads and a $10 commission per lot Scalping, hedging and automated trading not permitted Mainly aimed at South African clients Lack of transparency on the website No MetaTrader 5 software Some customer complaints Outdated blogs	EagleFX needs to step up its education with extremely basic guides and no learning articles added since 2022, made worse by the lack of analyst insights to inform trading strategies. The range of 100+ instruments on the EagleFX platform will be extremely limiting for serious traders, especially compared to category leaders like Blackbull with its 26,000+ tradable assets. EagleFX is based offshore and is not authorized by a trusted regulator, meaning traders may receive little to no safeguards, substantially increasing the risks of trading with this broker.
Awards
South Africa’s Best Broker 2019 - Global Business Outlook South Africa’s Fastest Growing Broker 2019 - International Finance The Most Transparent Broker 2019 - The European Forex CEO of the year South Africa 2020 - International Business Magazine	FX Broker With Best Withdrawal Options 2020 Best ECN/STP Broker 2020 Best Forex Broker 2020
FCA Regulated
No List of FCA Regulated Brokers	No List of FCA Regulated Brokers
Instruments
Forex CFDs, indices, stocks, commodities, cryptocurrencies	Forex, CFDs, Indices, Stocks, Commodities, Cryptocurrencies
Demo Account
Yes	Yes
Minimum Deposit
$0	$10
Payment Methods
Credit Cards Skrill	Credit Cards Debit Card Mastercard Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
FSB
Mobile Apps
Yes	iOS & Android
iOS App Rating
	4.8
Android App Rating
	4.4
Margin Trading
No	Yes
MetaTrader 4
Yes	Yes
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	Yes
ECN Account
Yes	Yes
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	No
Auto Trading
	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	No
Social Trading
No	No
Trade Signals
No	MT4
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$0
Islamic Account
No	Yes
Account Currencies
	USD EUR GBP
Commodities
Gold	Gold Silver Oil
CFD
Access over 5000 CFDs with high leverage up to 1:500. Trading costs are high with a $10 commission per lot, though the broker does offer accessible trading in ZAR, USD or GBP for global clients.	The broker offers a small range of 100+ CFD instruments spanning key markets, with high leverage up to 1:500. Pricing is reasonable, with round turn commissions coming in at $6 alongside tight spreads. Multiple short-term strategies are also permitted, including hedging and scalping.
Leverage
1:400	1:500
FTSE Spread
19 pips	0.77
GBPUSD Spread<
2.4 pips	1.3
Oil Spread
10 pips	0.09
Stocks Spread
From 0.7 pips	Variable
Forex
JP Markets only offers 30 currency pairs, which does not match top brokers. Average spreads on EUR/USD are also around 2 pips, which is higher than many competitors.	EagleFX provides opportunities to go long or short on over 50 forex pairs from majors to exotics, with competitive spreads as low as 0.1 pips. The broker offers the leading charting software, MetaTrader 4, which delivers a host of charting tools for traders, including 9 timeframes and over 30 indicators.
Assets
30	55+
GBPUSD Spread
2.4 pips	1.3
EURUSD Spread
2 pips	0.7
EURGBP Spread
2.4 pips	1.4
Cryptocurrency
Some digital tokens are available, including Bitcoin, though crypto deposits are not supported. Crypto traders may want to consider a more reliable and regulated broker.	A strong range of cryptocurrencies are available with 35+ tokens including popular assets like Bitcoin and Ethereum. You can also make convenient Bitcoin deposits within minutes, with no transfer fees.
Spread
Variable	Floating
Coins
BTC LTC ETH XRP	BCH BTC DASH EOS BIT ETP LTC BTC OMG ZEC USDT BCH ETP QTUM XMR DOT ETC IOS NEO SAN ZRX EDO ETH IOT NEO SAN XRP BTG EDO ETH OMG TRX XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
JP Markets	EagleFX
Review	Review
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