JustMarkets Forex Broker

JustMarkets Forex Broker - Complete Information Guide

1. Broker Overview

JustMarkets, officially known as Just Global Markets Ltd., was established in 2012. The broker is headquartered in Saint Vincent and the Grenadines, with additional operational offices in Cyprus and other regions. As a privately held entity, JustMarkets caters primarily to retail clients, providing them with a platform for forex and CFD trading.

Since its inception, JustMarkets has focused on creating a user-friendly trading environment, which has contributed to its growth and popularity. The broker has expanded its services to over 197 countries, attracting a diverse clientele. Over the years, JustMarkets has achieved significant milestones, including the introduction of various account types and trading instruments, as well as the integration of advanced trading platforms like MetaTrader 4 and MetaTrader 5.

As part of its commitment to providing comprehensive trading services, JustMarkets operates on a retail forex model, offering clients access to a wide range of financial instruments and competitive trading conditions. With a focus on transparency and customer support, JustMarkets aims to deliver a reliable trading experience to its users.

2. Regulation and Compliance Information

JustMarkets operates under the regulatory oversight of multiple authorities. The primary regulatory bodies include:

• Financial Services Authority (FSA), Seychelles - License number: SD 088
• Cyprus Securities and Exchange Commission (CySEC) - License number: 401/21
• Financial Sector Conduct Authority (FSCA), South Africa - License number: 51114
• Financial Services Commission (FSC), Mauritius - License number: GB22200881

These regulatory licenses provide JustMarkets with the ability to operate in various jurisdictions, although it is important to note that the FSA in Seychelles is not considered a top-tier regulator. The regulatory framework ensures that client funds are held in segregated accounts, which adds a layer of security for traders.

JustMarkets adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, ensuring that all client identities are verified and that funds are sourced from legitimate activities. The broker's commitment to maintaining a secure trading environment is evident in its practices, although potential clients should remain aware of the limitations associated with offshore regulation.

3. Trading Products and Services

JustMarkets offers a diverse range of trading products, catering to various trading strategies and preferences. The key offerings include:

• Forex: The broker provides access to over 65 currency pairs, including major, minor, and exotic pairs, allowing traders to capitalize on fluctuations in the forex market.
• CFDs: JustMarkets offers a variety of CFDs, including indices, commodities, and shares. This includes popular indices like the S&P 500 and commodities such as gold and oil.
• Cryptocurrencies: Traders can access several cryptocurrency pairs, including Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), providing opportunities in the growing digital asset market.
• Stock CFDs: JustMarkets allows trading in major stocks through CFDs, enabling traders to speculate on the performance of well-known companies without owning the underlying assets.

The broker continuously updates its product offerings to meet market demand, ensuring that traders have access to a comprehensive suite of financial instruments. This variety allows clients to diversify their portfolios and adapt their trading strategies according to market conditions.

4. Trading Platforms and Technology

JustMarkets supports two of the most widely used trading platforms in the industry: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are known for their versatility and user-friendly interfaces, making them suitable for both novice and experienced traders.

• MetaTrader 4 (MT4): This platform is ideal for forex trading, offering features such as automated trading, back-testing, and expert advisor support. It provides a stable and intuitive environment for executing trades.
• MetaTrader 5 (MT5): The newer version of MT4, MT5, expands on its predecessor by offering more timeframes, improved order execution, and support for a wider range of asset classes. It is particularly beneficial for traders looking to diversify beyond forex.

JustMarkets also provides a web-based trading platform, allowing users to trade directly from their browsers without the need for software installation. Additionally, mobile trading applications for both iOS and Android are available, ensuring that traders can manage their accounts and execute trades on the go.

The broker operates on a Straight Through Processing (STP) model, which enhances order execution speed and reduces latency. This execution model is particularly advantageous for scalpers and day traders who require fast and efficient trade execution.

5. Account Types and Trading Conditions

JustMarkets offers a variety of account types tailored to meet the needs of different traders. The main account types include:

• Standard Cent Account: Requires a minimum deposit of $1, ideal for beginners who wish to trade with smaller amounts. Spreads start from 0.3 pips, and there are no commissions.
• Standard Account: Also requires a minimum deposit of $1, offering competitive spreads and no commissions. This account is suitable for retail traders looking for straightforward trading conditions.
• Pro Account: Requires a minimum deposit of $100, providing tighter spreads starting from 0.1 pips with no commission. This account is designed for more experienced traders.
• Raw Spread Account: Requires a minimum deposit of $100 and offers spreads starting from 0.0 pips with a commission of $3 per lot. This account is tailored for scalpers and high-frequency traders.

Each account type supports various trading strategies, including scalping, hedging, and automated trading. JustMarkets also offers swap-free accounts for clients who adhere to Islamic finance principles.

6. Fund Management

JustMarkets provides a range of deposit and withdrawal methods to facilitate smooth fund management. The supported methods include:

• Bank Transfers: Available for clients wishing to deposit or withdraw funds through traditional banking channels.
• Credit/Debit Cards: Visa and Mastercard are accepted for quick and convenient transactions.
• E-Wallets: Options such as Skrill, Neteller, and Perfect Money allow for instant deposits and withdrawals.
• Cryptocurrencies: JustMarkets supports deposits and withdrawals in Bitcoin, Ethereum, and other digital currencies.

The minimum deposit requirement varies by account type, with the Standard Cent and Standard Accounts starting at $1. Deposits are typically processed instantly, while withdrawals may take 1 to 2 business days, depending on the method chosen.

JustMarkets does not charge fees for deposits or withdrawals, although some payment providers may impose their own charges. Additionally, the broker has a policy of applying an inactivity fee for accounts that remain dormant for extended periods.

7. Customer Support and Educational Resources

JustMarkets is committed to providing robust customer support to assist traders with their inquiries. The support channels include:

• Live Chat: Available 24/7 for immediate assistance.
• Email Support: Clients can reach out via email for more detailed inquiries.
• Phone Support: JustMarkets offers multilingual phone support, ensuring that clients can communicate in their preferred language.

The broker also provides various educational resources, including webinars, tutorials, and market analysis materials. These resources are designed to help traders improve their knowledge and trading skills.

Market analysis services, such as daily forecasts and economic calendars, are available to all clients, allowing them to stay informed about market trends and developments.

8. Regional Coverage and Restrictions

JustMarkets provides trading services to clients worldwide, but there are specific regions where its services are restricted. The broker does not accept clients from:

• United States
• United Kingdom
• European Union countries
• Japan
• Australia
• Canada

These restrictions are primarily due to regulatory compliance and licensing limitations. JustMarkets focuses on emerging markets where access to forex trading is more flexible, catering to clients from regions where stringent regulations may not apply.

In summary, JustMarkets is a versatile broker offering a range of trading products and services, supported by robust trading platforms and competitive conditions. However, potential clients should carefully consider the regulatory environment and the associated risks before engaging with the broker.