JustForex Company Overview

Founding Date and Background

JustForex Company was founded in 2012, emerging as a retail forex broker aimed at providing traders with access to the foreign exchange market. The company has positioned itself to offer competitive trading conditions and a variety of trading instruments, catering to both novice and experienced traders.

Parent Company/Ownership Structure

JustForex operates under the ownership of GM Group Limited, which is registered in Saint Vincent and the Grenadines. This structure allows the company to maintain a flexible approach in its operations and services offered to clients globally.

Headquarters Location

The headquarters of JustForex is situated in Kingstown, Saint Vincent and the Grenadines. This location is often chosen by brokers for its favorable regulatory environment and ease of business operations.

Global Business Scope

JustForex has established a global footprint, serving clients from various countries. The company claims to cater to traders in over 160 countries, although it does not accept clients from certain jurisdictions, including the United States, Canada, the European Union, and Japan.

Main Regulatory Bodies

JustForex is primarily regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. However, it has faced scrutiny due to the lack of stringent regulatory oversight, which is a common concern among brokers operating from offshore jurisdictions.

Back to top

Company History and Development

Key Milestones

Since its inception in 2012, JustForex has achieved several key milestones, including the launch of multiple trading account types and the introduction of advanced trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

Business Expansion Journey

The company has expanded its offerings significantly over the years, introducing various account types, including Standard, Pro, Raw Spread, and Crypto accounts, to meet diverse trading needs. This expansion has allowed JustForex to cater to a broader audience, from beginner traders to experienced professionals.

Customer Base Growth

JustForex claims to have attracted over 2 million traders globally. This growth can be attributed to its competitive trading conditions, including low minimum deposits and high leverage options, which appeal to retail traders.

Platform Development History

JustForex has continually updated its trading platforms to enhance user experience. The introduction of MT5, along with the mobile trading applications for both iOS and Android, has provided traders with more options for accessing the markets.

Important Awards or Recognitions Received

While JustForex has not prominently participated in industry awards, it has received positive feedback from users on various platforms, indicating a generally favorable reputation among its client base.

Back to top

Trading Services Offered

Forex Trading Options

JustForex offers a wide range of forex trading options, with over 80 currency pairs available for trading. This extensive selection allows traders to diversify their trading strategies and capitalize on various market movements.

Stock Trading Options

In addition to forex, JustForex provides access to trading in stocks, including well-known companies such as Apple Inc. This allows traders to invest in equities alongside currency trading.

CFD Trading Products

The broker offers a variety of Contract for Difference (CFD) products, enabling traders to speculate on price movements in various markets without owning the underlying assets. This includes indices and commodities.

Other Financial Instruments

JustForex also supports trading in cryptocurrencies, offering over 39 popular coins, including Bitcoin and Ethereum. Additionally, commodities such as gold and oil are available for trading, providing further diversification for clients.

Special Services or Unique Advantages

One of the unique advantages of JustForex is its high leverage options, which can go up to 1:3000. This allows traders to control larger positions with a relatively small capital outlay. The broker also offers swap-free accounts, catering to traders who require Islamic trading conditions.

Back to top

Regulatory and Legal Background

Detailed Regulatory Information

JustForex is regulated by the FSA of Saint Vincent and the Grenadines. However, it is important to note that this regulatory body does not impose strict regulations on forex trading, leading to concerns regarding the safety and security of client funds.

Legal Entity Structure by Region

The broker operates under GM Group Limited in Saint Vincent and the Grenadines, and it is not regulated by more stringent bodies such as the Financial Conduct Authority (FCA) in the UK or the Commodity Futures Trading Commission (CFTC) in the US.

Client Fund Protection Measures

JustForex claims to implement measures for client fund protection, including segregated accounts, which help ensure that client funds are kept separate from the company's operational funds. However, the effectiveness of these measures is often questioned due to the lax regulatory environment.

Countries/Regions Served

While JustForex serves clients globally, it specifically excludes residents from the United States, Canada, the European Union, Japan, and other sanctioned countries from opening accounts.

Compliance History

The compliance history of JustForex has been mixed. While it has not faced major scandals, the lack of robust regulatory oversight raises concerns among potential clients regarding the safety of their investments.

Back to top

Competitive Landscape

3-5 Main Competitors

JustForex operates in a competitive landscape with several notable competitors, including:

• Tickmill - Known for its competitive spreads and strong regulatory framework.
• Axi - An award-winning broker that offers a wide range of trading instruments and robust customer support.
• FXOpen - Recognized for its low trading fees and user-friendly platforms.

Positioning in the Industry

JustForex positions itself as a low-cost broker with high leverage options, appealing primarily to retail traders looking for accessible trading conditions. However, its offshore status may deter more cautious investors.

Market Differentiation Factors

JustForex differentiates itself through its low minimum deposit requirement of just $1, high leverage options, and a wide range of trading instruments. Additionally, the availability of both MT4 and MT5 platforms caters to diverse trading preferences.

Back to top

In conclusion, JustForex has established itself as a notable player in the forex brokerage space since its founding in 2012. While it offers a diverse range of trading services and competitive conditions, potential clients should weigh the benefits against the regulatory concerns and mixed reviews from existing users. Traders are encouraged to conduct thorough research before engaging with JustForex or any other brokerage. For those interested in learning more about JustForex, further information can be found on their official website.