Your capital is at risk.
JB Markets Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $300
- CQG
- TT Platform
- BCR Trader (based on MT4)
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $300
- CQG
- TT Platform
- BCR Trader (based on MT4)
Our Evaluation of JB Markets
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
JB Markets is a broker with higher-than-average risk and the TU Overall Score of 3.21 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by JB Markets clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
JB Markets goes beyond CFD and currency markets, offering management services for investors keen on passive gains.
Brief Look at JB Markets
JB Markets is a broker that gives traders access to the Forex market and offers software for CFD trading and investments. The brand JB Markets was registered in 2017 and currently operates underlicense from the Australian regulator ASIC. It has offices in Sydney and Brisbane and a network of brokers globally. Liquidity is provided by major financial institutions that use DMA technology for direct exchange trading.
- Reliable regulation by ASIC;
- Clients' funds are held in a segregated trust account in Australia;
- Different account options;
- Mobile trading is available;
- Spreads from 0.1 pips for algorithmic trading;
- High leverage, defaulting to 1:100 and up to 1:400;
- Investment services allow account management by pros.
- High trading fees;
- No cent accounts;
- Minimum deposit of $300.
TU Expert Advice
Financial expert and analyst at Traders Union
JB Markets was officially registered in 2017, although its involvement in finance dates back to 2011. During this period, it expanded its services, introducing investment products in addition to currency trading and CFDs, along with partner programs and an adapted version of MetaTrader 4.
Currently regulated by ASIC, JB Markets fulfills all financial commitments to its clients. Its website contains educational articles and offers the option to create demo accounts. JB Markets provides both the classic MT4 platform for Forex and advanced platforms like CQG and TT for professional trading and analysis. Access to trading and account management is available on various devices, including smartphones.
However, there are specifics for JB Markets clients to note during financial transactions. Domestic Australian bank transfers take 1-2 business days, while international transfers take longer, ranging from 3 to 5 business days, depending on the country and bank. When depositing via credit card, uploading photos of its front and back sides is required.
JB Markets Summary
Your capital is at risk. Your capital is at risk. 79.43% of retail investor accounts lose money when trading CFDs with this provider. JB Markets and its affiliates do not target EU/EEA/UK clients. It is the user's responsibility to ensure that any use of the website or services adhere to local laws or regulations. Please be aware that you are able to receive investment services at your own exclusive initiative only, ensuring you fully understand all the risks involved.
| 💻 Trading platform: | BCR Trader (based on MT4), CQG, TT |
|---|---|
| 📊 Accounts: | Simulated (demo), Standard, Platinum, Alpha, MDA (Managed Discretionary Account) |
| 💰 Account currency: | USD |
| 💵 Replenishment / Withdrawal: | Bank transfers, credit cards, UnionPay |
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | Up to 1:400 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0,01 |
| 💱 Spread: |
Standard — from 1.7 pips Platinum — from 1.1 pips Alpha — from 0.1 pips + fee |
| 🔧 Instruments: | Forex, CFDs, indices, futures, stocks, commodities, options, managed funds |
| 💹 Margin Call / Stop Out: | Margin Call — 100% |
| 🏛 Liquidity provider: | Saxo Bank, other major banks in Australia and the EU |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market Execution (MT4), DMA (CQG, TT) |
| ⭐ Trading features: | Cryptocurrency trading is unavailable |
| 🎁 Contests and bonuses: | Cash back |
The broker offers 36 currency pairs and 56 contracts for difference (CFDs). The latter include CFDs on gold, silver, crude oil (WTI), 6 major indices, and transactions with 10 popular US stock contracts. The trading fee comprises spreads, position processing fees, and overnight charges. Mobile trading is possible through MetaTrader 4 applications. The broker does not provide swap-free accounts.
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Trading Account Opening
If you plan to trade through JB Markets in Forex, visit the broker website and create an account there by following the instructions below:
Go to the homepage of the site and click on "Opening A Real Account." Clicking on "Simulated Account" will initiate the process of registering a demo account.
Choose the account type, specify the agent code if you were referred to JB Markets. The available leverage size is displayed automatically. Required personal information includes: name, country, identification number, address, phone number, email, bank account details. Additionally, you'll need to upload a photo of your ID and credit card.
After verifying the provided information, the company will send an email to the specified email address with the trading account number and password. These details are used to access the user account where you can top up your balance, manage your account, and monitor trading positions. Requests to withdraw profits are also submitted through the user account.
Regulation and safety
JB Markets Pty Ltd, operating under the JB Markets brand, is regulated by the Australian Securities and Investment Commission, known as ASIC. Broker license No. AFSL 323182 suspended.
ASIC enforces several requirements on licensees. They must comply with the Corporations Act 2001, regularly report on their operations, fulfill general and financial obligations, and maintain adequate risk management systems. Complaints that JB Markets couldn't resolve through internal dispute resolution are escalated to the Australian Financial Complaints Authority (AFCA).
Advantages
- Regulated by ASIC, which is known for stringent financial oversight
- Providing services for over 5 years without involvement in scandals related to fraud or dishonest operations
- Compliance with ASIC requirements ensures the segregation of traders' and brokerage company funds into separate accounts
Disadvantages
- Account creation only after providing verification data
- JB Markets clients cannot engage in transactions and financial operations involving cryptocurrencies
- Services may be unavailable in several countries
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | From $17 | No |
| Platinum | From $11 | No |
| Alpha | From $3 | No |
The overnight fee is calculated in percentages and can result in both losses and gains. Profit from positive overnight values is possible when holding onto currencies, precious metals, and certain stock indices.
The table below displays the average fees of three brokers — JB Markets, RoboForex, and Pocket Option. The below table helps traders to determine which broker offers the best conditions.
| Broker | Average commission | Level |
|---|---|---|
|
$9.7 | |
|
$1 | |
|
$8.5 |
Account types
After registering an account on the JB Markets website, it's necessary to open a trading account. The broker offers accounts for active trading and for entrusting funds to experienced trade managers. Depending on the account's purpose, requirements for the initial deposit amount vary, and so do fees. The range of trading assets and the leverage values on accounts for independent trading are the same.
Types of accounts:
The broker also offers demo accounts known as simulated accounts. These are intended for testing trading conditions and practicing trading on the over-the-counter market via the BCR Trader platform.
JB Markets provides a wide range of products designed to meet the diverse needs of traders and investors. Offering variable leverage enables potential profit growth during successful trades, while variable spreads help reduce fee expenses when the market is calm.
Deposit and Withdrawal
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A withdrawal request is made through the Personal Center, which serves as the user’s account area on the company's website;
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Mandatory conditions for withdrawal include having sufficient margin to maintain previously opened positions and a verified account using copies of identification documents;
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Withdrawals are processed via bank transfer or through UnionPay. Credit cards can only be used for depositing funds, not for withdrawals. If the deposit was made via a card, the company will transfer trading profits to the same account;
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JB Markets doesn’t charge any fees for withdrawals. However, banks and UnionPay apply fees according to their internal payment processing policies.
Investment Options
JB Markets offers a modified MT4 platform that supports the installation and use of expert advisors. This means traders can passively engage in algorithmic trading. With an investment activity license, JB Markets provides various wealth management services to its clients. The broker also pays bonuses for connecting new clients to its platform, which is another form of passive earning without manual trading.
MDA and managed funds are available.
JB Markets allows traders to delegate trade management to experienced professionals. Investors have two options with the manager:
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MDA — a managed discretionary account. Here, the JB Markets expert trades on behalf of the investor following their chosen strategy. Manual trade confirmation isn't needed — the manager independently decides on asset buying/selling. Resulting fees are only deducted from profits. There are no fees for entering/exiting trades. Investors can withdraw their remaining invested funds at any time;
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Managed Funds, similar to MDA, permit JB Markets to trade on behalf of the client. However, all investors' money is pooled, and they receive shares in the fund according to the proportional distribution of all funds. The service fee is 0.15%, with no exit fees. Additionally, a part of the profits from successful trades is charged. Withdrawals are processed once a week.
MDA and managed funds are professional investment services requiring substantial investments. For instance, one of the funds, The JB High Alpha Fund, demands a minimum account deposit of $50,000.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Partnership program of JB Markets:
The company invites agents to encourage traders to choose JB Markets for Forex trading. The partner's reward is a portion of the fee retained for trades by connected clients. Partner program details can be requested through a dedicated form on the website. A JB Markets representative contacts potential partners via phone or email.
Customer support
All traders seeking assistance from JB Markets are serviced in English, as the company's offices are located in Sydney and Brisbane, Australia.
Advantages
- Live chat and email communication with a broker representative are available
- Phone support is available
Disadvantages
- The chat is not accessible 24/7, queries are redirected to email
- Email responses are received within 1-2 business days
Ways to contact JB Markets:
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оnline chat;
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email;
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phone number;
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feedback form on the website.
The Brisbane branch specializes in serving Forex traders, allowing clients to personally visit their office and consult with an advisor.
Contacts
| Registration address | JB Markets Pty Ltd, Brisbane Level 9, Riverside Centre 123 Eagle Street BRISBANE QLD 4000 |
|---|---|
| Official site | https://www.jbmarkets.com/ |
| Contacts |
+61 2 8188 9776,
+61 405 185 211, 1300 648 165 |
Education
JB Markets' website provides only introductory information about the currency market and contracts for difference. While the main information is housed in the "Educational Resources" section, useful data is also scattered across the entire site. It can be found in sections like "Contract for Difference", "Investment Guidance", and the FAQs section.
Despite the company not giving sufficient attention to enriching its educational section, it does offer one of the most effective tools for gaining practical skills, which is a demo account with a virtual deposit.
Comparison of JB Markets with other Brokers
| JB Markets | RoboForex | Pocket Option | Exness | XM Group | InstaForex | |
| Trading platform |
BCR Trader (based on MT4), CQG, TT Platform | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MT5, MobileTrading, XM App | MT4, MultiTerminal, MobileTrading, MT5, WebTrader |
| Min deposit | $300 | $10 | $5 | $10 | $5 | $1 |
| Leverage |
From 1:1 to 1:400 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:30 |
From 1:1 to 1:1000 |
| Trust management | No | No | No | No | No | Yes |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 1.7 point | From 0 points | From 1.2 point | From 1 point | From 0.6 points | From 0 points |
| Level of margin call / stop out |
No / 100% | 60% / 40% | 30% / 50% | No / 60% | 100% / 50% | 30% / 10% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Instant Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | Yes | No | No | Yes | Yes |
Detailed review of JB Markets
JB Markets caters to different groups of traders by offering platforms with all the basic functions, trading instruments, and investment products depending on each trader’s goals, experience, and capital. Collaborating with major liquidity providers, JB Markets also uses the TradingView service for the most objective quotes. The broker provides access to trading on margin across different account types, with regulated leverage and floating spreads.
JB Markets by the numbers:
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6 years of licensed operation in financial markets;
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Over 200 employees in the company;
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3 types of accounts and 3 varieties of trading platforms.
JB Markets allows choosing software according to specific strategies
The broker provides leverage only for trading outside stock exchanges, i.e., for Forex and CFDs traded on the BCR Trader platform. Currently, the default account leverage is set at 1:100 upon account opening, but traders can increase trading leverage to 1:200 - 1:400 or decrease it to 1:20 - 1:50. To do this, existing clients need to contact their account manager, while new ones need to send an email with the corresponding request before creating an account.
JB Markets clients have access to three platforms — CQG, TT, and BCR Trader. CQG and TT, due to their complex interface yet maximum functionality, are used by professional traders interested in advanced order types and analytical capabilities. BCR Trader is JB Markets' proprietary development based on the MetaTrader 4 technology. The BCR platform supports over 50 built-in indicators, charts ranging from 1 minute to a month, and hedging options. The interface is available in 35 languages.
Useful functions of JB Markets:
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Management services. Professional traders can trade on behalf of novices, while strictly adhering to the defined investment strategy and independently making decisions regarding potentially profitable trades;
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Trading simulator. It allows users to explore the functionality of the BCR Trader platform, test JB Markets fees, order execution quality, and the range of available assets;
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TradingView Tape. It provides real-time prices for popular assets — currency pairs, stock indices, agricultural products, and metals.
Advantages:
Simple registration process and quick opening of a trading account;
Online and telephone support;
Rapid execution of orders at the best prices from time-tested quote providers;
Segregation of client funds from JB Markets' capital;
No fees for payment transactions such as deposits and withdrawals of funds;
JB Markets provides a choice of trading platforms. You can use the classic MetaTrader 4, modified in BCR Trader, and professional platforms with advanced functions.
User Satisfaction