JustForex Forex Broker

JustForex Forex Broker - Complete Information Guide

1. Broker Overview

　　JustForex, officially known as JF Global Limited, was established in 2012. The broker is headquartered in Saint Vincent and the Grenadines and primarily operates as a private entity. JustForex caters to a diverse clientele, focusing on retail traders from emerging markets, providing them with access to the forex market and various financial instruments.

　　Since its inception, JustForex has made significant strides in the online trading industry, emphasizing user-friendly trading conditions and innovative services. A key milestone in the company's journey was the introduction of multiple trading account types, allowing traders to select options that best suit their trading strategies and risk tolerance. The broker operates under a mixed business model, offering both retail forex services and institutional trading solutions.

　　JustForex has gained popularity due to its commitment to providing competitive trading conditions, including high leverage options and tight spreads, making it an attractive choice for new and experienced traders alike. The broker's focus on technological advancements in trading platforms, such as MetaTrader 4 and 5, has further solidified its position in the market.

2. Regulation and Compliance Information

　　JustForex is regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines under license number 23993. However, it is important to note that the regulatory oversight in this jurisdiction is relatively weak compared to more stringent regulatory bodies.

　　The broker does not participate in any investor compensation schemes, which raises concerns among potential clients regarding the safety of their funds. JustForex implements a segregated accounts policy, ensuring that client funds are kept separate from the company's operational funds. This measure is crucial for protecting investors assets in case of any financial difficulties faced by the broker.

　　To comply with international standards, JustForex adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, which require identity verification and monitoring of transactions to prevent illicit activities. This commitment to compliance helps enhance the broker's credibility, despite the lack of regulation from higher-tier authorities.

3. Trading Products and Services

　　JustForex offers a wide array of trading products, including more than 170 financial instruments. Traders can access a variety of forex currency pairs, including major, minor, and exotic pairs. The broker provides trading in over 80 currency pairs, allowing for significant diversification in trading strategies.

　　In addition to forex, JustForex also offers Contracts for Difference (CFDs) on various asset classes such as indices, commodities, stocks, and cryptocurrencies. The cryptocurrency offerings include popular options like Bitcoin, Ethereum, and Litecoin, enabling traders to engage with the rapidly growing digital asset market.

　　The broker continuously updates its product offerings, adding new instruments based on market demand and trader feedback. JustForex focuses on providing an accessible trading environment for retail clients while also catering to institutional traders through tailored services.

4. Trading Platforms and Technology

　　JustForex supports the widely recognized MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. These platforms are available for desktop, web, and mobile devices, providing traders with flexibility and convenience in managing their accounts.

　　The MT4 platform is particularly popular among traders for its user-friendly interface and comprehensive analytical tools, including various technical indicators and charting options. MT5, being the more advanced version, offers additional features such as improved order management and enhanced analytical capabilities.

　　JustForex does not provide a proprietary trading platform; instead, it relies on the robust functionalities of MT4 and MT5. The broker also offers a web-based trading platform, allowing users to trade directly from their browsers without the need for software installation.

　　Traders can utilize automated trading through Expert Advisors (EAs) on both platforms, enhancing their trading efficiency. JustForex's infrastructure is designed to ensure fast order execution and reliable performance, with servers strategically located to minimize latency.

5. Account Types and Trading Conditions

　　JustForex offers several account types to cater to different trading needs:

• Standard Account: Minimum deposit of $1, spreads starting from 0.3 pips, no commission.
• Cent Account: Designed for beginners, with a minimum deposit of $1 and spreads starting from 0.3 pips.
• Pro Account: Requires a minimum deposit of $100, offers spreads from 0.1 pips, and no commission.
• Raw Spread Account: Minimum deposit of $100, spreads starting from 0 pips, with a commission of 3 units of the base currency per lot.

　　All accounts support leverage up to 1:3000, allowing traders to amplify their positions. The minimum trade size is 0.01 lots, making it accessible for traders with varying capital levels. JustForex also provides swap-free accounts for clients who adhere to Islamic finance principles.

　　The brokers trading conditions are competitive, with a transparent fee structure. However, an inactivity fee of $5 per month applies to accounts that have not been active for over 150 days.

6. Fund Management

　　JustForex supports a variety of deposit and withdrawal methods, including:

• Deposit Methods: Credit/debit cards, bank transfers, and e-wallets like Skrill, Neteller, and Perfect Money.
• Minimum Deposit: The minimum deposit requirement is as low as $1 for most account types.
• Withdrawal Methods: Similar to deposit methods, including credit cards and e-wallets.

　　Deposits are typically processed instantly, while withdrawals are processed within 1-2 hours, depending on the method used. JustForex does not charge fees for deposits, but some withdrawal methods may incur fees based on third-party providers.

　　Clients should be aware of potential currency conversion fees if their withdrawal method differs from their account's base currency. The transparency in fees and quick processing times enhances the overall trading experience.

7. Customer Support and Educational Resources

　　JustForex provides comprehensive customer support available 24/7 through various channels, including:

• Email Support: Clients can reach out via email for inquiries.
• Live Chat: Instant support through the broker's website.
• Phone Support: Available for urgent issues.

　　The support team is multilingual, catering to clients from different regions. JustForex also offers a knowledge base with FAQs and educational resources, including webinars, articles, and video tutorials to assist traders in improving their skills and understanding the market.

　　Market analysis services are also available, providing traders with insights and updates on market trends, helping them make informed trading decisions.

8. Regional Coverage and Restrictions

　　JustForex operates globally, serving clients from over 194 countries. However, it does not accept clients from certain jurisdictions, including the United States, Canada, Australia, and countries within the European Union due to regulatory restrictions.

　　The broker has established regional offices to enhance its service delivery and support for clients in various markets. Despite its broad reach, traders should be aware of the specific restrictions applicable to their location before opening an account with JustForex.

　　In conclusion, JustForex has established itself as a significant player in the forex trading arena, offering a range of competitive trading conditions and services. However, potential clients should carefully consider the regulatory environment and conduct thorough research before engaging with the broker.