JustForex Forex broker specializes in providing foreign exchange trading services, the company's official website https://justforex.biz/registration, the company's legitimate regulatory information SeychellesFSARetail Forex License, to enhance the security of the company's address Office 10, Floor 2, Vairam Building, Providence Industrial Estate, Providence, Mahe, Seychelles,.
JustForex Forex Broker
Basic information
Seychelles
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Note: Justforexs official site - https://justforex.asia/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
Risk Warning
Online spanading involves significant risk, and you may lose all of your invested capital. It is not suispan 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 & Regulation
| Detail | |
| Regulation | No regulation |
| Market Instrument | Forex currency pairs, Gold, Silver, indices, stocks, and CFDs |
| Account Type | Standard, Pro and Raw Spreads |
| Demo Account | N/A |
| Maximum Leverage | 1:3000 |
| Spread | Vary on the account type |
| Commission | Vary on the account type |
| Trading Platform | MT4 & MT5 |
| Minimum Deposit | $1 |
| Deposit & Withdrawal Method | VISA, MasterCard, Skrill, Neteller, Perfect Money, Bank Transfer, mubux and Fasapay. |
Just Forex is an online Forex and CFD broker registered in Seychelles that claims to provide its clients with various tradable financial instruments with leverage up to 1:3000 and floating spreads from 0 pips on the MT4 and MT5 trading platforms via 3 different live account types, as well as 24/7 customer support service.
As for regulation, it has been verified that Just Forex holds a revoked Financial Services Commission - FSC license and a suspicious clone the Seychelles Financial Services Authority - FSA license. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 2.16/10. Please be aware of the risk.
Note: The screenshot date is January 13, 2023. WikiFX gives dynamic scores, which will update in real time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.
Market Instruments
Just Forex offers investors a wide range of popular financial instruments, including Forex currency pairs, Gold, Silver, indices, stocks, and CFDs.
Account Types
To meet the needs and trading experience of different investors, Just Forex offers 3 different types of accounts: Standard Accounts (minimum deposit of $1), and Pro & Raw Spreads Accounts (minimum deposit of $100).
Leverage
Surprisingly, the maximum trading leverage offered by Just Forex is super high, reaching up to 1:3000. 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 a high leverage level.
Spreads & Commissions
For Just Forex Standard accounts, the minimum spread is 1 pip for EURUSD, 1.5 pips for USDJPY, 1 pip for GBPUSD, 2.5 pips for Gold, and 3.2 pips for Silver.
The minimum spread for the Just Forex Pro account is 0.6 pips for the EURUSD, 1 pip for the USDJPY, 0.7 pips for the GBPUSD, 2.2 pips for the XAUUSD, and 2 pips for the XAGUSD.
The minimum spreads for the Raw Spread Accounts start from 0 pips for EURUSD, USDJPY, and GBPUSD, 1.6 pips for XAUUSD, and 1 pip for XAGUSD.
No commission is charged for trading on Standard and Pro accounts, while the commission for Raw Spread accounts is 3 units of base currency per lot per side.
Trading Platform Available
Just Forex offers MT4, MT4 PC, MT4 Android, MT4 iPhone, MT4 Web, MT5, MT5 PC, MT5 Android, MT5 iPhone, and MT5 Web to meet a wide range of user needs. MT4 offers 9 timeframes and the ability to trade via charts and automated trading. 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.
Deposit & Withdrawal
From the logos shown at the foot of the home page on Just Forexs official website, we found that this broker seems to support traders to deposit and withdraw funds to their accounts via VISA, MasterCard, Skrill, Neteller, Perfect Money, Bank Transfer, mubux and Fasapay. The minimum initial deposit requirement is said to be only $1.
Customer Support
Just Forex‘s customer support can be reached by telephone: +44 1418 461237, email: support@justforex.com. You can also follow this broker on social networks such as Twitter, Facebook, Instagram and LinkedIn. However, this broker doesn’t disclose other more direct contact information like the company address that most transparent brokers offer.
Pros & Cons
| Pros | Cons |
| • Multiple tradable assets, account types and payment methods offered | • No regulation |
| • MT4 & MT5 supported | • Website inaccessible |
| • Low minimum deposit ($1) |
Frequently Asked Questions (FAQs)
| Q 1: | Is Just Forex regulated？ |
| A 1: | No. It has been verified that Just Forex currently has no valid regulation. |
| Q 2: | Does Just Forex offer the industry-standard MT4 & MT5？ |
| A 2: | Yes. Just Forex supports MT4 and MT5. |
| Q 3: | What is the minimum deposit for Just Forex？ |
| A 3: | The minimum initial deposit at Just Forex to open an account is just $1. |
| Q 4: | Is Just Forex a good broker for beginners？ |
| A 4: | No. Just Forex is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website. |
Rating Index
MASTER
Skrill
JustForex Similarly Rated Brokers
Latest Reviews
FX1528033182
South Africa
Here's the deal – no commission hits for Standard and Pro accounts. But if you're diving into Raw Spread, they're asking for 3 units of base currency per lot per side. Gotta keep an eye on those extra fees, you know?
Neutral
2023-12-05
FX1178334605
New Zealand
As we can see on the exposure part, JustForex has millions and even billions of dollars of scams. They never give you the money back. Do not or no longer deal with them!
Neutral
2022-12-19
Octavia Fotheringay
Ecuador
The absence of hefty commissions on these accounts is a plus. Cryptocurrency options are good, but some exotic pairs can be pricier. Deposits and withdrawals are smooth, though occasional platform glitches can be a downside.
Neutral
2023-12-06