Question: Who Is The Owner Of JP Markets?

Is JP markets still suspended?

JP Markets is now in final liquidation.

A copy of the judgment is attached.

This is the first time that the statutory power in section 38B of the FAIS Act has been used by the FSCA..

When was JP markets founded?

2016JP Markets was established in 2016 thanks to founder Justin Paulsen’s passion for the industry and ability to engage successfully with clients while building long-lasting and fruitful relationships.

Did JP markets win the case?

JOHANNESBURG – JP Markets, the platform and technology for clients to trade forex in the international financial markets, is now under final liquidation as per the order of the Gauteng High Court.

Does JP markets allow capitec?

Accepting All South African and International Banks – You can trade using any bank of your choice and the services would still be instant, therefore its not necessarily Capitec but trades with FNB, Standard Bank, ABSA and Bidvest are more welcome to trade with JP Markets.

Why is JP markets not working?

South African regulator the Financial Sector Conduct Authority (FSCA) has “provisionally” suspended the licence of FX broker JP Markets SA (Pty) Ltd, citing issues in processing its clients’ withdrawals for quite some time.

What is going on with JP markets?

The FSCA suspended JP Markets’ financial services provider licence in June and is now moving to liquidate the company. “Our client is opposing the FSCA’s application for liquidation and we are in the process of filing answering papers,” JP Markets attorney Darren Hanekom said.

Who is the founder of JP markets?

Justin PaulsenJustin Paulsen, founder and only shareholder of JP Markets, hit back saying that the firm is a victim of unethical traders that were colluding to profit unfairly, and that the term “toxic traders” is recognised terminology in the foreign exchange market.

Can I trust JP markets?

JP Markets is not only a safe, secure, and well-regulated online trading platform, but also an excellent educator. If you have never traded before, you can easily learn how to trade at JPMarkets.

Who is the owner of Trade245?

Red Pine Capital (PTY) LTDTrade245 is technically owned by Red Pine Capital (PTY) LTD, which is an FSCA regulated Forex broker, with license number FSP 46044.

Why is JP license suspended?

The company’s licence was suspended due to “reasonable belief that substantial prejudice to clients or the general public” could occur if JP Markets continued to deliver financial services, the FSCA said.

Is JP market regulated?

JP Markets is an authorized FSP 46855. We are regulated by the Financial Services Board and the responsible acts such as FIC Act, SARB and FICA act.

It is legal to trade Forex in South Africa as the South African Government doesn’t have any laws governing the legality. … Trading Forex is legal as long as you abide by financial laws that prevent money laundering(2) and you declare your income tax.