justmarkets Account Types & Opening Guide 2025: Complete Comparison and Registration Steps
justmarkets Account Types Explained
JustMarkets offers a variety of account types tailored to different trading styles and experience levels. Heres a comprehensive overview of each account type available:
1. Cent Account
- Minimum Deposit: $10
- Spread/Commission Structure: Spreads from 1 pip, no commission.
- Leverage Options: Up to 1:3000.
- Key Features: Ideal for beginners, allows trading in micro-lots.
- Target User Profile: Beginners looking to practice trading with low risk.
- Trading Instruments Available: Forex, commodities, indices.
2. Standard Account
- Minimum Deposit: $10
- Spread/Commission Structure: Spreads from 0.3 pips, no commission.
- Leverage Options: Up to 1:3000.
- Key Features: Suitable for all trading strategies, no commission on trades.
- Target User Profile: Suitable for both beginners and experienced traders.
- Trading Instruments Available: Forex, commodities, indices, stocks, crypto.
3. Pro Account
- Minimum Deposit: $100
- Spread/Commission Structure: Spreads from 0.1 pips, no commission.
- Leverage Options: Up to 1:3000.
- Key Features: Designed for professional traders, offers tighter spreads.
- Target User Profile: Advanced traders seeking lower trading costs.
- Trading Instruments Available: Forex, commodities, indices, stocks, crypto.
4. Raw Spread Account
- Minimum Deposit: $100
- Spread/Commission Structure: Spreads from 0 pips, commission of $3 per lot.
- Leverage Options: Up to 1:3000.
- Key Features: Best for scalpers and high-frequency traders due to low spreads.
- Target User Profile: Experienced traders who require the best trading conditions.
- Trading Instruments Available: Forex, commodities, indices, stocks, crypto.
5. Islamic Account
- Minimum Deposit: $100 (same as Pro and Raw accounts).
- Spread/Commission Structure: Similar to Pro and Raw accounts but swap-free.
- Leverage Options: Up to 1:3000.
- Key Features: Complies with Sharia law, no swap fees.
- Target User Profile: Muslim traders seeking compliant trading options.
- Trading Instruments Available: Forex, commodities, indices, stocks, crypto.
6. Demo Account
- Minimum Deposit: N/A (virtual funds).
- Spread/Commission Structure: Similar to live accounts, no real money involved.
- Leverage Options: Up to 1:3000.
- Key Features: Risk-free environment to practice trading strategies.
- Target User Profile: New traders wanting to learn without financial risk.
- Trading Instruments Available: Forex, commodities, indices, stocks, crypto.
Account Type Comparison Table
Recommended Account Types by Trader Level
- Beginners: Cent Account
- Intermediate Traders: Standard Account
- Advanced Traders: Pro Account
- Professional Traders: Raw Spread Account
- Muslim Traders: Islamic Account
- Traders Seeking Practice: Demo Account
Detailed justmarkets Account Features
Account Features Comparison
Advantages of Each Account Type
- Cent Account: Low risk, ideal for beginners, easy to manage.
- Standard Account: Flexible for various strategies, low minimum deposit.
- Pro Account: Tight spreads, no commissions, suitable for serious traders.
- Raw Spread Account: Best for scalping, ultra-low spreads.
- Islamic Account: Compliant with Sharia law, no swap fees.
- Demo Account: Risk-free trading, practice strategies without financial loss.
Disadvantages of Each Account Type
- Cent Account: Limited features compared to other accounts.
- Standard Account: Higher spreads than Pro and Raw accounts.
- Pro Account: Higher minimum deposit requirement.
- Raw Spread Account: Commission fees can add up for frequent traders.
- Islamic Account: Limited to specific trading conditions.
- Demo Account: No real money involved, limited to practice.
justmarkets Account Registration Requirements
Eligibility Criteria
- Age Requirements: Must be at least 18 years old.
- Geographic Restrictions: Available to most countries except the USA, UK, Canada, and others subject to international sanctions.
- Prohibited Countries: USA, UK, Canada, Japan, and countries under sanctions.
- Identity Verification Documents Needed: Government-issued ID (passport or driver's license).
- Proof of Residence Requirements: Utility bill or bank statement showing your name and address.
- Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.
KYC/AML Compliance Procedures
JustMarkets adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. This includes verifying the identity of clients and ensuring the legitimacy of funds.
Verification Time Frames
Account verification typically takes between a few hours to 1 business day, depending on the completeness of the submitted documents.
Step-by-Step justmarkets Account Opening Guide
Detailed Registration Process
- Visit Website and Click Registration: Go to the official JustMarkets website and click on the "Register" button.
- Personal Information Entry: Fill in your email address, create a secure password, and select your country of residence.
- Choose Account Type: Select the account type you wish to open (Cent, Standard, Pro, etc.).
- Set Trading Preferences: Specify your trading preferences, including leverage and account currency.
- Document Upload: Upload the required identity verification documents.
- Account Verification: Wait for the verification process to complete.
- Fund Your Account: Deposit funds into your account using one of the available payment methods.
- Start Trading: Once your account is funded and verified, you can begin trading.
Desktop vs Mobile Registration Differences
The registration process is similar on both desktop and mobile platforms, with minor differences in layout. Both platforms require the same information and documentation.
Common Registration Issues and Solutions
- Email Verification Not Received: Check your spam folder or request a new verification email.
- Document Rejection: Ensure documents are clear and meet the requirements specified by JustMarkets.
- Account Approval Delays: Contact customer support for assistance if verification takes longer than expected.
Average Account Approval Time
Typically, account approval takes between a few hours to 1 business day.
How to Upgrade/Downgrade Account Types
To change your account type, contact JustMarkets customer support for assistance. They will guide you through the process based on your current account status.
justmarkets Demo Account Guide
Demo Account Features and Benefits
- Features: Allows trading with virtual funds, simulating real market conditions.
- Benefits: Risk-free environment to practice trading strategies and familiarize yourself with the platform.
How to Open a Demo Account
- Log in to your Personal Area.
- Click on the "My accounts" tab.
- Select the "Demo" tab and click "Open new account."
- Choose the desired account type and set your virtual balance.
- Click "Create account."
Demo Account Limitations
- Virtual Balance Amount: Typically set by the user, but limited to a maximum amount.
- Duration/Expiry of Demo Accounts: Demo accounts can remain active for a limited time, usually 30 days, but can be extended.
Demo vs Live Account Differences
- Demo Account: Uses virtual money, no real financial risk.
- Live Account: Involves real money, with potential for profit or loss.
justmarkets Islamic Account Details
Swap-Free/Islamic Account Availability
JustMarkets offers Islamic accounts that comply with Sharia law, allowing Muslim traders to engage in trading without incurring swap fees.
Eligibility Requirements
To qualify for an Islamic account, traders must provide documentation confirming their Muslim faith and request the account type during registration.
Differences from Standard Accounts
Islamic accounts are similar to Pro and Raw accounts but do not incur swap fees, making them compliant with Islamic finance principles.
How to Apply for Islamic Account
During the account registration process, select the option for an Islamic account or contact customer support for assistance.
Restrictions or Special Conditions
Islamic accounts may have specific trading conditions, including limitations on certain instruments or trading strategies.
FAQs – justmarkets Account Types & Opening
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What account types does justmarkets offer?
JustMarkets offers Cent, Standard, Pro, Raw Spread, Islamic, and Demo accounts.
What is the minimum deposit for each account type?
- Cent Account: $10
- Standard Account: $10
- Pro Account: $100
- Raw Spread Account: $100
- Islamic Account: $100
How long does justmarkets account verification take?
Account verification typically takes a few hours to 1 business day.
Does justmarkets offer demo accounts?
Yes, JustMarkets offers demo accounts for practice trading.
Can I have multiple account types with justmarkets?
Yes, traders can open multiple accounts of different types.
Does justmarkets offer Islamic/swap-free accounts?
Yes, JustMarkets provides Islamic accounts that are swap-free.
What documents do I need to open a justmarkets account?
You need a government-issued ID and proof of residence.
Can I change my account type after registration?
Yes, you can upgrade or downgrade your account type by contacting customer support.
JustMarkets accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .