JP Markets is a Zambian 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 Spreads are unpublished, but JP Markets state that spreads on the EUR/USD average about 2 pips under normal market conditions, which is very wide for brokers of this type.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 we advise traders to find another broker. For more detail on JP Markets' legal issues read below.

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. 

For beginner traders who do not want to risk trading large sums of money and prefer to trade in smaller trade sizes, Weltrade may be a tempting option.  However, traders should be aware that because Weltrade is based in Saint Vincent and the Grenadines, it lacks regulatory oversight.   An STP broker, Weltrade offers trading on a small range of tradable instruments, including 37 forex pairs, 2 commodities, 4 metals, and 15 cryptocurrencies, which is severely limited compared to other brokers.   Weltrade offers five live accounts and an unlimited demo account.  Although the minimum deposit is low on its entry-level account, at 25 [fxs-broker-property identifier="currency"], and it offers trading in micro-lots, spreads are wide, averaging at [fxs-broker-property identifier="eur_usd_spread_smallest_account"] pips on the EUR/USD. Spreads tighten to 0.5 pips (EUR/USD) on its Pro Account, but this is in exchange for a minimum deposit requirement of 500 [fxs-broker-property identifier="currency"].  Additionally, the trading costs on its Zulutrade Account are exorbitantly high.   Weltrade offers full support for the standard MetaTrader4 and its innovative successor, MetaTrader 5, but offers virtually no trading tools.  It also lacks educational and market analysis materials, forcing traders to self-educate elsewhere.