JustMarkets Forex Broker
Basic Information
Seychelles
2-5 years Regulated in Cyprus Regulated in Seychelles Regulated in South Africa Straight Through Processing (STP) Retail Forex License Financial Service Corporate MT4 Full License MT5 Full License Self-developed Global Business Suspicious Overrun High potential risk Offshore RegulatedCompany profile
Rating Index
Pros
Wide range of trading instruments, including over 170 options across forex, commodities, indices, and stocks.
High leverage options of up to 1:3000 for non-EU clients, allowing for potentially greater profits.
24/7 multilingual customer support, ensuring prompt assistance for traders around the globe.
Cons
Limited availability in key regions such as the U.S., U.K., and Japan, restricting access for some traders.
No support for popular platforms like cTrader or TradingView, which may deter some advanced traders.
Withdrawal requests can sometimes face delays due to additional verification processes, leading to frustration.
JustMarkets Forex Broker - Complete Information Guide
1. Broker Overview
JustMarkets, previously known as JustForex, is a well-established online brokerage firm that was founded in 2012. The company is headquartered in Mahe, Seychelles, with additional offices in Limassol, Cyprus, and Ebene, Mauritius. JustMarkets operates as a private entity under the name Just Global Markets Ltd. and focuses on providing comprehensive trading services to its clients worldwide.
The broker caters primarily to retail traders, offering them access to a diverse range of financial markets. Over the years, JustMarkets has expanded its reach and now serves clients in over 197 countries, making it a popular choice among traders, particularly in Asia. The company's mission is to create a transparent and secure trading environment, enabling individuals to maximize their investment potential.
JustMarkets has achieved significant milestones in its development, including rebranding from JustForex to enhance its global presence. The firm has built a reputation for offering competitive trading conditions, including low spreads and high leverage, while continuously improving its service offerings to meet the needs of its growing client base.
The business model of JustMarkets is primarily focused on retail Forex and CFD trading, utilizing advanced trading platforms and technologies to facilitate seamless trading experiences for its users.
2. Regulatory and Compliance Information
JustMarkets operates under multiple regulatory frameworks, ensuring a secure trading environment for its clients. The broker is regulated by several authoritative bodies, including:
- Cyprus Securities and Exchange Commission (CySEC), License Number 401/21
- Seychelles Financial Services Authority (FSA), License Number SD 088
- Financial Sector Conduct Authority (FSCA) in South Africa, License Number 51114
- Financial Services Commission (FSC) in Mauritius, License Number GB22200881
These regulatory licenses are designed to provide a framework for protecting investors and maintaining the integrity of the financial markets. The regulations ensure that JustMarkets adheres to strict guidelines regarding client fund management, including the segregation of client funds from the company's operational funds.
Furthermore, JustMarkets implements Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures to prevent fraud and protect the integrity of its services. This includes verifying the identities of clients and monitoring transactions for suspicious activities.
While JustMarkets provides a robust regulatory framework, it is essential to note that the level of investor protection may vary depending on the regulatory body under which the client falls. For instance, clients under CySEC benefit from participation in the Investor Compensation Fund (ICF), which provides up to €20,000 in compensation in case of broker insolvency.
3. Trading Products and Services
JustMarkets offers a diverse range of trading products, providing clients with ample opportunities to engage in various financial markets. The broker supports trading in:
- Forex: Over 80 currency pairs, including major, minor, and exotic pairs such as EUR/USD, GBP/USD, and USD/JPY.
- CFDs: Contracts for Difference on commodities, indices, shares, and cryptocurrencies, allowing traders to speculate on price movements without owning the underlying assets.
- Commodities: Trading options include precious metals like gold and silver, as well as energy products such as crude oil.
- Indices: Access to major global indices, including the S&P 500, NASDAQ 100, and FTSE 100.
- Cryptocurrencies: Trading options for popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.
JustMarkets continuously updates its product offerings to keep pace with market trends and client demands, ensuring that traders have access to a comprehensive selection of financial instruments. The broker's focus on retail trading services allows individual traders to engage in the markets with competitive pricing and favorable trading conditions.
4. Trading Platforms and Technology
JustMarkets provides its clients with access to two of the most popular trading platforms in the industry: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are known for their user-friendly interfaces and robust trading features.
MetaTrader 4 (MT4)
MT4 is widely regarded as the industry standard for Forex trading. It offers advanced charting capabilities, 30+ technical indicators, and supports automated trading through Expert Advisors (EAs). The platform is available for desktop, web, and mobile devices, allowing traders to manage their accounts and execute trades from anywhere.
MetaTrader 5 (MT5)
MT5 is the latest iteration of the MetaTrader platform, providing a more sophisticated trading environment. It includes additional order types, advanced charting options, and a wider selection of technical indicators. MT5 also features an integrated economic calendar and built-in depth of market widgets, enhancing the trading experience for users.
JustMarkets operates as a Straight-Through Processing (STP) broker, meaning that client orders are routed directly to liquidity providers for execution, ensuring fast and efficient trade execution. The broker achieves an average execution speed of approximately 52 milliseconds, which is faster than the industry average.
In addition to the MT4 and MT5 platforms, JustMarkets offers a mobile trading app that allows users to access their accounts and trade on the go. The app is compatible with both iOS and Android devices, providing traders with the flexibility to monitor the markets and manage their trades from anywhere.
5. Account Types and Trading Conditions
JustMarkets offers a variety of account types to cater to the diverse needs of its clients. The available accounts include:
Standard Cent Account: Designed for beginners, this account allows for micro trading with a minimum deposit of just $1. It features floating spreads starting from 0.3 pips and does not charge commissions.
Standard Account: This account is suitable for all trading strategies, requiring a minimum deposit of $1. It offers competitive spreads starting from 0.3 pips with no commissions.
Pro Account: Targeted towards experienced traders, the Pro account requires a minimum deposit of $100 and features tighter spreads starting from 0.1 pips with no commissions.
Raw Spread Account: Ideal for scalpers and high-frequency traders, this account type offers floating spreads starting from 0 pips and charges a commission of $6 per traded lot.
All account types support various trading strategies, including scalping and hedging, and offer leverage up to 1:3000, providing traders with the flexibility to manage their risk exposure effectively. JustMarkets also offers a demo account for traders to practice their strategies without risking real capital.
6. Fund Management
JustMarkets supports a wide range of deposit and withdrawal methods to facilitate seamless fund management for its clients. The available deposit options include:
- Credit/Debit Cards: Instant processing for deposits.
- Bank Wire Transfers: Processing times may vary from instant to several business days.
- E-Wallets: Including Skrill, Neteller, Perfect Money, and more, with instant processing.
- Cryptocurrencies: Bitcoin, Ethereum, and other digital currencies are accepted, with processing times typically ranging from 1 to 3 hours.
The minimum deposit requirement varies by account type, with some accounts allowing deposits as low as $1. JustMarkets does not impose any fees for deposits, making it a cost-effective option for traders.
For withdrawals, JustMarkets offers similar methods as deposits, and processing times generally range from 1 to 2 hours for e-wallets and card payments, while bank transfers may take longer. Importantly, there are no withdrawal fees associated with any of the available withdrawal options, allowing traders to access their funds without incurring additional costs.
7. Customer Support and Educational Resources
JustMarkets places a strong emphasis on customer support, offering multiple channels for clients to reach out for assistance. The support team is available 24/7 through:
- Live Chat: Accessible via the broker's website for immediate assistance.
- Email Support: Clients can send inquiries to support@justmarkets.com.
- Phone Support: Available for direct communication.
- Social Media: Support is also offered through platforms like Telegram and WhatsApp.
The support team is multilingual, catering to clients in languages such as English, Indonesian, Malaysian, and Chinese, ensuring effective communication with a diverse clientele.
In addition to customer support, JustMarkets provides a wealth of educational resources to help traders improve their skills and knowledge. The broker's learning center includes:
- Webinars and Tutorials: Covering a wide range of trading topics.
- Market Analysis: Daily forecasts and insights to keep traders informed.
- Economic Calendar: A tool to track important economic events affecting the markets.
These resources are designed to empower traders and enhance their trading experience, making JustMarkets a suitable choice for both novice and experienced traders.
8. Geographic Coverage and Restrictions
JustMarkets has established a global presence, serving clients from over 197 countries. The broker operates through various regional offices, including those in Seychelles, Cyprus, and Mauritius. However, it is important to note that JustMarkets does not accept clients from certain jurisdictions, including:
- United States
- United Kingdom
- Japan
- Canada
- Australia
These restrictions are in place due to regulatory compliance and the legal framework governing financial services in these regions. Potential clients are encouraged to verify their eligibility before opening an account with JustMarkets.
In conclusion, JustMarkets is a reputable broker that offers a wide range of trading instruments, competitive pricing, and a secure trading environment. With its strong regulatory oversight, diverse account options, and commitment to customer support, JustMarkets is well-positioned to meet the needs of traders across various experience levels.
JustMarkets Similar Brokers
Latest Reviews
FX4106616866
India
Just tell me whether my money will be credited to my account or not. Every time they just give you the same lesson, you are all useless. You are the most foolish. Brokers, how long have you been robbing people? My dear, What is the idea of being stuck? ony case no provide not response not reply broker
Exposure
10-30
حذيفة حسابا
Egypt
A very sweet company, I've been with them for two years, and withdrawals are very fast, within a minute. Thank you, Just Marka.
Positive
10-23
Chayanin
Thailand
This is truly unbelievable. I deposited money two days ago, and it still hasn't appeared in my account. I’ve tried contacting the broker, but there’s been no response. Honestly, this feels even worse than blowing up a trading account.
Exposure
2d