JustMarkets broker Accounts

JustMarkets Account Types Explained

JustMarkets offers a variety of account types tailored to meet the needs of different traders, from beginners to experienced professionals. Below is a detailed overview of the available account types, including their features, minimum deposit requirements, spreads, leverage options, and target user profiles.

Available Account Types

1. Standard Account

• Minimum Deposit: $10
• Spread/Commission Structure: Spreads from 0.3 pips, no commissions
• Leverage Options: Up to 1:3000
• Key Features: Ideal for all trading strategies, commission-free trading
• Target User Profile: Suitable for casual traders and those using various strategies
• Trading Instruments Available: Forex, Indices, Commodities, Stocks, Crypto

1. Standard Cent Account

• Minimum Deposit: $10
• Spread/Commission Structure: Spreads from 0.3 pips, no commissions
• Leverage Options: Up to 1:3000
• Key Features: Allows trading in cents, perfect for beginners
• Target User Profile: Beginners looking to practice with real money but minimal risk
• Trading Instruments Available: Forex, Commodities

1. Pro Account

• Minimum Deposit: $200
• Spread/Commission Structure: Spreads from 0.1 pips, no commissions
• Leverage Options: Up to 1:3000
• Key Features: Tighter spreads, ideal for experienced traders
• Target User Profile: Advanced traders seeking lower trading costs
• Trading Instruments Available: Forex, Indices, Commodities, Stocks, Crypto

1. Raw Spread Account

• Minimum Deposit: $200
• Spread/Commission Structure: Spreads from 0.0 pips, commission applies
• Leverage Options: Up to 1:3000
• Key Features: Ultra-low spreads for scalping and intraday trading
• Target User Profile: Professional traders focused on high-frequency trading
• Trading Instruments Available: Forex, Indices, Commodities, Stocks, Crypto

1. Demo Account

• Minimum Deposit: Not applicable (virtual funds)
• Spread/Commission Structure: Simulates real trading conditions
• Leverage Options: Up to 1:3000
• Key Features: Risk-free environment to practice trading strategies
• Target User Profile: Beginners and experienced traders testing strategies
• Trading Instruments Available: Forex, Indices, Commodities, Stocks, Crypto

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Cent Account
• Casual Traders: Standard Account
• Advanced Traders: Pro Account
• Professional Traders: Raw Spread Account

Detailed JustMarkets Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• No commissions

• Suitable for various trading strategies

• Access to multiple trading instruments

• Standard Cent Account:

• Ideal for beginners

• Low risk with cent trading

• Same execution speed as higher accounts

• Great for testing strategies

• Pro Account:

• Tighter spreads for cost-effective trading

• No commissions

• Suitable for experienced traders

• Access to advanced trading tools

• Raw Spread Account:

• Ultra-low spreads for scalping

• Commission-based structure for transparency

• Ideal for high-frequency trading

• Access to all trading instruments

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to Raw Spread Account

• May not suit professional traders seeking ultra-low costs

• Standard Cent Account:

• Limited to smaller lot sizes

• May not provide enough leverage for advanced strategies

• Pro Account:

• Higher minimum deposit requirement

• Not suitable for beginners

• Raw Spread Account:

• Requires a higher minimum deposit

• Commission fees may add to trading costs

JustMarkets Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old
• Geographic Restrictions: Available in most countries, but not in the USA
• Prohibited Countries: Specific restrictions may apply based on regulatory requirements

Identity Verification Documents Needed

• Government-issued ID (passport or national ID)
• Proof of residence (utility bill, bank statement, etc.)

KYC/AML Compliance Procedures

• Completion of a financial questionnaire
• Verification of identity and address through submitted documents

Verification Time Frames

• Most accounts are verified within the same day, depending on the accuracy of the submitted documents.

Step-by-Step JustMarkets Account Opening Guide

JustMarkets Account Opening Process

1. Visit Website and Click Registration: Go to the official JustMarkets website and click the “Register” button.
2. Personal Information Entry: Fill out the registration form with your email address, password, and country of residence.
3. Choose Account Type: Select the account type that best suits your trading needs.
4. Set Trading Preferences: Specify your trading preferences, including leverage and account currency.
5. Document Upload: Upload the required identification and proof of residence documents.
6. Account Verification: Wait for the verification process to complete, which typically takes a few hours to a day.
7. Fund Your Account: Deposit the minimum required amount to start trading.
8. Start Trading: Access your account and begin trading on the JustMarkets platform.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with the same required information and steps.

Common Registration Issues and Solutions

• Email Verification Issues: Ensure you check your spam folder for the verification email.
• Document Rejection: Double-check that documents are clear and meet the requirements.

Average Account Approval Time

• Most accounts are approved within the same day, provided all documents are submitted correctly.

How to Upgrade/Downgrade Account Types

• Contact JustMarkets customer support to request an upgrade or downgrade of your account type.

JustMarkets Demo Account Guide

Demo Account Features and Benefits

• Allows traders to practice without financial risk
• Simulates real market conditions and trading environments
• Access to all trading instruments available on live accounts

How to Open a Demo Account

• Follow the same registration process, selecting the demo account option during account type selection.

Demo Account Limitations

• Virtual funds only; cannot withdraw profits
• Limited duration based on broker policies

Virtual Balance Amount

• Traders can set a virtual balance amount when opening the demo account.

Demo vs Live Account Differences

• Demo accounts use virtual money, while live accounts require real funds and have real market risks.

Duration/Expiry of Demo Accounts

• Demo accounts typically remain active for a limited period, after which they may expire if not converted to a live account.

JustMarkets Islamic Account Details

Swap-Free/Islamic Account Availability

• JustMarkets offers Islamic accounts that comply with Sharia law, allowing for swap-free trading.

Eligibility Requirements

• Clients must request an Islamic account during the registration process or after opening a standard account.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for Muslim traders.

How to Apply for Islamic Account

• Indicate the request for an Islamic account during the registration or contact customer support after account creation.

Restrictions or Special Conditions

• Islamic accounts may have specific conditions regarding trading strategies and instruments.

FAQs – JustMarkets Account Types & Opening

1. What account types does JustMarkets offer？

• JustMarkets offers Standard, Standard Cent, Pro, Raw Spread, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard and Standard Cent accounts require a minimum deposit of $10, while Pro and Raw Spread accounts require $200.

1. How long does JustMarkets account verification take？

• Verification typically takes the same day, depending on the accuracy of the submitted documents.

1. Does JustMarkets offer demo accounts？

• Yes, JustMarkets provides demo accounts for practice trading.

1. Can I have multiple account types with JustMarkets？

• Yes, traders can open multiple account types as needed.

1. Does JustMarkets offer Islamic/swap-free accounts？

• Yes, JustMarkets offers Islamic accounts that are swap-free.

1. What documents do I need to open a JustMarkets account？

• A government-issued ID and proof of residence are required for account opening.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.