Justforex Company

JustForex Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

JustForex Company was established in 2012, focusing on providing online trading services in the forex market. The company aims to offer a user-friendly trading experience for traders of various skill levels, from beginners to experienced professionals.

Parent Company/Ownership Structure

JustForex operates under the parent company Just Global Markets Ltd., which is involved in the brokerage industry and aims to cater to a global clientele. The firm has established a reputation for its competitive trading conditions and customer orientation.

Headquarters Location

The headquarters of JustForex is located in Seychelles, specifically at Office 10, Floor 2, Vairam Building, Providence Industrial Estate, Mahe. This location is strategically chosen to leverage the benefits of operating in a financial services-friendly jurisdiction.

Global Business Scope

JustForex has a significant global presence, serving clients from over 160 countries. The company caters to a diverse clientele, including traders from Southeast Asia, Africa, and beyond, with a focus on providing tailored services to meet the needs of various markets.

Main Regulatory Bodies

JustForex is regulated by several authorities, including the Seychelles Financial Services Authority (FSA), the Cyprus Securities and Exchange Commission (CySEC), the Financial Sector Conduct Authority (FSCA) in South Africa, and the Financial Services Commission (FSC) in Mauritius. However, it is important to note that the regulatory oversight, particularly in the Seychelles, might not be as stringent as in other jurisdictions.

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2. Company History and Development

Key Milestones

Since its inception in 2012, JustForex has achieved numerous milestones, including the launch of various trading accounts and the introduction of innovative trading features. The company has continuously evolved to meet the changing demands of the trading community.

Business Expansion Journey

JustForex has expanded its services and product offerings significantly since its founding. Initially focused on forex trading, the company has broadened its scope to include CFDs, commodities, and cryptocurrencies, reflecting the growing interest in diverse trading instruments.

Customer Base Growth

Over the years, JustForex has attracted a substantial customer base, boasting over 2 million registered traders. This growth can be attributed to its competitive trading conditions, low minimum deposit requirements, and a wide range of trading instruments.

Platform Development History

JustForex initially launched its services on the MetaTrader 4 (MT4) platform, a popular choice among traders for its user-friendly interface and advanced trading features. Subsequently, the company introduced the MetaTrader 5 (MT5) platform to cater to the needs of more advanced traders, offering enhanced functionalities and additional analytical tools.

Important Awards or Recognitions Received

JustForex has received various accolades within the trading community for its customer service and trading conditions. These recognitions contribute to its reputation as a reliable broker in the competitive forex market.

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3. Trading Services Offered

Forex Trading Options

JustForex offers a comprehensive selection of over 80 currency pairs, including major, minor, and exotic pairs. This extensive range allows traders to engage in various strategies, whether they are looking for liquidity or volatility.

Stock Trading Options

While primarily focused on forex, JustForex also provides access to stock trading through Contracts for Difference (CFDs). This allows traders to speculate on the price movements of popular stocks without owning the underlying assets.

CFD Trading Products

JustForex offers a range of CFD products, including indices, commodities (such as gold and oil), and cryptocurrencies. This variety enables traders to diversify their portfolios and explore different market segments.

Other Financial Instruments

In addition to forex and CFDs, JustForex provides access to cryptocurrencies, allowing traders to engage in the growing digital currency market. The broker supports popular cryptocurrencies like Bitcoin, Ethereum, and others, catering to the increasing interest in this asset class.

Special Services or Unique Advantages

JustForex distinguishes itself through its low minimum deposit requirement of just $1, making it accessible for beginner traders. Additionally, the broker offers a cashback program for traders, which provides a percentage of the trading volume back to clients, enhancing their overall trading experience.

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4. Regulatory and Legal Background

Detailed Regulatory Information

JustForex is regulated by several key authorities:

• Seychelles Financial Services Authority (FSA)
• Cyprus Securities and Exchange Commission (CySEC)
• Financial Sector Conduct Authority (FSCA) in South Africa
• Financial Services Commission (FSC) in Mauritius

This multi-regulatory structure aims to enhance the broker's credibility and operational transparency.

Legal Entity Structure by Region

JustForex operates under different legal entities depending on the region, which allows it to comply with local regulations and provide tailored services to clients in various jurisdictions.

Client Fund Protection Measures

JustForex implements several measures to protect client funds, including maintaining segregated accounts for client deposits. This ensures that client funds are kept separate from the broker's operating funds, providing an additional layer of security.

Countries/Regions Served

JustForex serves clients from over 160 countries worldwide. However, it does not accept clients from certain jurisdictions, including the United States, Canada, and countries under EU sanctions.

Compliance History

While JustForex has established a regulatory framework, it has faced scrutiny regarding its regulatory status, particularly concerning the Seychelles FSA. Traders are advised to conduct thorough research and understand the implications of trading with a broker regulated in this jurisdiction.

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5. Competitive Landscape

3-5 Main Competitors

JustForex operates in a competitive landscape with several key players, including:

• XM
• IC Markets
• Exness
• Tickmill
• FXTM (ForexTime)

These competitors offer similar trading services, often with varying conditions and features.

Positioning in the Industry

JustForex positions itself as a broker catering to both beginner and experienced traders, emphasizing low entry barriers and a wide range of trading instruments. Its competitive spreads and cashback programs further enhance its appeal in the crowded forex market.

Market Differentiation Factors

JustForex differentiates itself through several factors:

• Low Minimum Deposit: With a minimum deposit of just $1, it attracts beginner traders.
• Cashback Programs: The cashback system incentivizes trading activity and rewards loyal clients.
• Diverse Trading Instruments: Offering a wide range of forex pairs, CFDs, and cryptocurrencies appeals to a broad audience.
• User-Friendly Platforms: The availability of MT4 and MT5 platforms ensures traders have access to advanced tools for analysis and execution.

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In conclusion, JustForex Company has established itself as a notable player in the online trading industry since its inception in 2012. With a robust range of trading services, a global presence, and a commitment to customer satisfaction, it continues to attract traders from various backgrounds. However, potential clients should carefully consider the regulatory aspects and conduct thorough research before engaging with the broker.

For more information on JustForex and its offerings, learn more here.