JP Markets is a South African market maker broker offering support for MT4 and an exceptional 200% deposit bonus. Spreads are unpublished, but JP Markets state that spreads on the EUR/USD average about 2 pips under normal market conditions, which is very wide for brokers of this type. Education is limited and only a single account type is available. Market analysis and research seem to be non-existent. We have received many complaints about JP Markets and are in the process of investigating these. We advise traders to find another approved broker until we have verified these claims.

UFX is a Cypriot market maker broker, founded in 2007 and regulated by CySEC. With five different accounts types, not including the swap-free option, and support for MT5 as well as the proprietary UFX platform, it's a shame that trading conditions are not better here. Spreads are wide, even on the more expensive accounts, and on the Micro Account (100 USD minimum deposit) you can expect a fixed spread of 4 pips on the EUR/USD. Forex education is also lacking, as well as any kind of in-house market research, though UFX do offer both Trading Central and it's own MassInsights trend and volatility tool.