Justforex Forex Broker

Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only. General Information Justforex Review Summary in 10 Points Founded 2012 Registered Country/Region Seychelles Regulation FSC (revoked), FSA (suspicious clone) Market Instruments Forex currency pairs, Gold, Silver, indices, stocks, and CFDs Demo Account Available Leverage 1:3000 EUR/USD Spread 0.1 pips Trading Platforms MT4, MT5 Minimum deposit $1 Customer Support 24/7 live chat, phone, email What is Justforex？ Justforex is a forex and CFD broker founded in 2012 and registered in Seychelles that offers a wide range of trading instruments, including currency pairs, precious metals, stocks, and indices. The company provides various account types and trading platforms, as well as competitive spreads and leverage options. Justforex also offers a range of educational materials and customer support options. In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance. Pros & Cons Justforex offers a wide range of trading instruments, multiple account types with no commission, and 24/7 customer support through various channels. They also provide various educational resources for traders. However, they are currently unregulated, which may pose some risks to traders. Pros Cons • Wide range of financial instruments • No regulation • Low minimum deposit requirement ($1) • Clients from Australia, Canada, the EU and EEA, Japan, the United Kingdom, the United States are not accepted • Demo accounts available • Negative reviews • Multiple account types • MT4 & MT5 supported • Multiple payment methods • No fees for deposits and withdrawals • Social trading feature available Justforex Alternative Brokers There are many alternative brokers to Justforex depending on the specific needs and preferences of the trader. Some popular options include: Tickmill - With its competitive trading conditions, comprehensive educational resources, and reliable customer support, Tickmill is a popular choice among traders looking for a trustworthy and feature-rich forex broker. Axi - As a regulated and award-winning broker, Axi offers traders a wide range of trading instruments, cutting-edge trading platforms, and excellent customer support, making it a top choice for both novice and experienced traders. FXOpen - With its user-friendly trading platforms, low trading fees, and excellent customer service, FXOpen is a popular choice for traders looking for a reliable and well-regulated forex broker. Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs. Is Justforex Safe or Scam？ The fact that Justforex is unregulated and its Financial Services Commission (FSC) license is revoked and Seychelles Financial Services Authority (FSA) license is a suspicious clone raises some concerns about its safety and legitimacy. Additionally, there are some complaints and negative reviews from their clients saying that they are unable to withdraw. However, the broker does offer various protection measures to its clients, such as segregated accounts and protection from negative balance. It is important to thoroughly research and consider these factors before deciding to trade with Justforex. Market Instruments Justforex offers a diverse range of 170+ financial instruments that include Forex currency pairs, precious metals, stock indices, popular stocks, and CFDs. With such a diverse range of instruments, Justforex provides ample trading opportunities for investors of different levels and preferences. Accounts To meet the needs and trading experience of different investors, Justforex offers four different types of accounts: Standard Cent Accounts (minimum deposit of $1), Standard Accounts (minimum deposit of $1), Pro Accounts (minimum deposit of $100), and Raw Spreads Accounts (minimum deposit of $100). The Standard Cent account is ideal for novice traders who want to start trading with a small amount of money, while the Standard and Pro accounts are suitable for more experienced traders who want to access additional features and trading tools. The Raw Spreads account type offers tight spreads and is designed for high-volume traders. It's worth noting that all account types are swap-free, which is especially important for traders who follow Islamic finance principles. Additionally, demo accounts are available for all account types, which is a great way to test the platform and trading strategies before investing real money. Leverage Surprisingly, the maximum trading leverage offered by Justforex is super high, reaching up to 1:3000, which allows traders to open larger positions with smaller amounts of capital. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders. Inexperienced traders are not advised to use such high leverage level. Additionally, it is worth noting that some financial instruments may have lower maximum leverage levels due to market conditions and regulatory requirements. Spreads & Commissions Justforex offers different spreads and commissions depending on the account type. Standard Cent and Standard accounts have spreads starting from 0.3 pips, while Pro accounts have spreads starting from 0.1 pips. Raw Spread accounts offer raw spreads starting from 0 pips, but a commission of 3 units of the base currency per lot is charged. No commission is charged for trading on Standard Cent, Standard, and Pro accounts. It is important to note that the spreads and commissions may vary depending on market conditions and liquidity. Below is a comparison table about spreads and commissions charged by different brokers: Broker EUR/USD Spread Commission Justforex 0.3 pips None Tickmill 0.0 pips $2/lot RT Axi 0.2 pips None FXOpen 0.5 pips $3.5/lot RT Trading Platforms Justforex offers MT4, MT4 PC, MT4 Android, MT4 iPhone, MT4 Web, MT5, MT5 PC, MT5 Android, MT5 iPhone, MT5 Web to meet a wide range of user needs. MT4 offers 9 timeframes, the ability to trade via charts, automated trading, and MT5 is the latest version of MT4, which is more intuitive and offers significant improvements in copy trading, mobile trading, and other innovative features for more efficient trading account management. Overall, Justforex's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below: Broker Trading Platforms Justforex MetaTrader 4, MetaTrader 5, WebTrader Tickmill MetaTrader 4, MetaTrader 5, WebTrader Axi MetaTrader 4, MetaTrader 5 FXOpen MetaTrader 4, MetaTrader 5, WebTrader, TickTrader (mobile) Trading Tools Justforex offers several trading tools to help its clients trade more efficiently and effectively. One of these tools is social trading, which allows traders to follow and copy the trades of successful and experienced traders. This feature is available on both MT4 and MT5 platforms and is facilitated through the MQL5 community. Traders can browse through the profiles of different signal providers, assess their performance, and subscribe to their trading signals. By copying the trades of successful traders, traders can learn from their strategies, improve their own trading skills, and potentially increase their profits. Deposits & Withdrawals Just Forex supports traders to deposit and withdraw funds to their accounts via Bank cards (Visa/MasterCard), Skrill, Neteller, Perfect Money, STICPAY, AIRTM, cryptocurrencies of bitcoin, Bitcoin Cash, Ethereum, USD Coin, Tether, BUSD, BINANCE, DOGECOIN, Litecoin and XRP, local banks, and Fasapay. Minimum deposit and withdrawal amount vary on the payment method. No fees for deposits and withdrawals. Deposits are instant, while withdrawals can be processed within 1-2 hours. Justforex minimum deposit vs other brokers Justforex Most other Minimum Deposit $1 $100 See the deposit & withdrawal fee comparison table below: Broker Deposit Fee Withdrawal Fee Justforex None None Tickmill None None for certain methods, fees up to $25 for others Axi None None FXOpen None None for certain methods, fees up to $50 for others Please note that the fees listed above are subject to change and may vary depending on the payment method and other factors. It's always best to check with the broker directly for the most up-to-date and accurate fee information. Customer Service The Justforex customer support is available 24/7, accessible via live chat, e-mail, phone, request a callback, live chat, Telegram, Viber, Messenger, Line, Instagram, WhatsApp and iMessage. Additionally, the FAQ section can be helpful for clients who prefer to find answers on their own. Pros Cons • Available 24/7 through multiple channels • Some complex issues may require longer resolution time • FAQ section available for quick solutions • Trained and knowledgeable support staff • Multilingual support available Note: These pros and cons are subjective and may vary depending on the individual's experience with Justforex's customer service. Education Justforex offers a comprehensive Learning Center with a range of educational resources that cater to the needs of both beginner and experienced traders. The center features a series of online webinars that cover a range of topics, including trading strategies, risk management, technical analysis, and more. Traders can also access a wide range of forex articles that cover market news, trends, and analysis. Additionally, the center provides a forex glossary that includes definitions of common trading terms and jargon. To further support trader education, Justforex also offers educational videos that cover a range of topics and can help traders to improve their trading skills and knowledge. User Exposure on WikiFX On our website, you can see that some users have reported scams and unable to withdraw. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you. Conclusion All things considered, Justforex is an online broker offering a wide range of financial instruments, account types, and trading platforms. They provide 24/7 customer support, educational resources, and convenient deposit and withdrawal options with no fees. However, the lack of proper regulation and the suspicious nature of their licenses may be concerning for some investors. In addition, there have been some negative reviews from their clients. Overall, Justforex may be a suitable choice for experienced traders who prioritize a wide range of instruments and trading platforms and do not mind the lack of regulation and negative reviews. Frequently Asked Questions (FAQs) Q 1: Is Justforex regulated？ A 1: No. It has been verified that this broker currently has no valid regulation. Q 2: At Justforex, are there any regional restrictions for traders？ A 2: Yes. Justforex does not offer and does not provide services to residents and citizens of certain jurisdictions, including Australia, Canada, the EU and EEA, Japan, the United Kingdom, the United States, and countries sanctioned by the EU. Q 3: Does Justforex offer demo accounts？ A 3: Yes. Q 4: Does Justforex offer the industry-standard MT4 & MT5？ A 4: Yes. Both MT4 and MT5 are available. Q 5: What is the minimum deposit for Justforex？ A 5: The minimum initial deposit to open an account is only $1. Q 6: Is Justforex a good broker for beginners？ A 6: No. It is not a good choice for beginners. Thought is advertises well, dont forget that they are unregulated.