Juno Markets 2025 Review: Everything You Need to Know
Summary: Juno Markets presents itself as a competitive forex and CFD broker, primarily targeting Asian markets. While it offers a range of trading instruments and platforms, concerns about its regulatory status and customer service persist. Users have reported mixed experiences, highlighting both fast transactions and issues with withdrawals.
Note: It is essential to recognize that Juno Markets operates under multiple entities across different jurisdictions, which may affect its regulatory compliance and user experience. This review aims to provide a fair and accurate assessment based on various sources.
Rating Overview
How We Rated the Broker: Our ratings are based on a comprehensive analysis of user experiences, expert opinions, and factual data from multiple sources.
Broker Overview
Founded in 2014, Juno Markets is headquartered in Vanuatu and is regulated by the Vanuatu Financial Services Commission (VFSC). The broker provides access to trading through the popular MetaTrader 4 (MT4) platform, catering to forex, commodities, and CFD traders. Juno Markets offers a diverse range of trading assets, including over 75 currency pairs, precious metals, and various indices. However, it is important to note that the VFSC is considered a tier-3 regulatory body, which raises concerns about the level of protection for traders.
Detailed Analysis
Regulated Geographical Areas: Juno Markets primarily operates in Asia, with a focus on markets such as Malaysia and Indonesia. However, it has been flagged by various regulatory bodies, including the Monetary Authority of Singapore and the Securities Commission of Malaysia, for operating unlicensed activities.
Deposit/Withdrawal Options: Juno Markets supports multiple funding methods, including bank transfers, credit cards, and popular e-wallets like Skrill and Neteller. Cryptocurrency deposits are also accepted. Withdrawal times typically range from 1 to 7 days, depending on the chosen method, with reports of fast processing times.
Minimum Deposit: The minimum deposit requirement varies by account type, starting at $25 for the STP account, $500 for the Pro account, and $1,000 for the ECN account.
Bonuses/Promotions: Currently, Juno Markets offers a welcome bonus of $50 for new traders who deposit a minimum of $25. Additionally, they have a Moneta rewards program that provides cashback based on trading volume.
Tradable Asset Classes: Juno Markets allows trading in a variety of assets, including forex, commodities (gold and silver), and indices. However, the selection of cryptocurrencies is limited, with only a few pairs available.
Costs (Spreads, Fees, Commissions): The broker offers competitive spreads starting from 0 pips for ECN accounts but may charge commissions of $4 per lot. The STP accounts have spreads starting from 1.5 pips with no commissions.
Leverage: Juno Markets provides high leverage options, with ratios up to 1:500 for certain accounts, catering to traders looking for significant market exposure.
Allowed Trading Platforms: The primary trading platform offered is MetaTrader 4, which is widely recognized for its user-friendly interface and advanced trading features. The broker does not currently support MetaTrader 5.
Restricted Regions: Juno Markets does not accept clients from the United States and several other countries, limiting access for potential traders in those regions.
Available Customer Service Languages: Customer support is available in multiple languages, including English, Indonesian, Vietnamese, and Chinese. However, reports indicate that response times can be slow, particularly for live chat inquiries.
Reiterated Rating Overview
Detailed Breakdown
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Account Conditions: The minimum deposit requirements are relatively low, making it accessible for new traders. However, the varying conditions across account types may confuse some users.
Tools and Resources: Juno Markets provides decent educational resources, including a beginner's guide and trading signals. However, the lack of comprehensive educational materials is a drawback.
Customer Service and Support: While customer support is available in multiple languages, the overall effectiveness of the service has been questioned, with reports of slow response times.
Trading Setup (Experience): Users generally report a smooth trading experience, especially with fast execution times. However, issues with withdrawals have been highlighted, raising concerns about trust.
Trustworthiness: The regulatory framework under which Juno Markets operates is considered weak. The VFSC does not offer the same level of protection as higher-tier regulators, leading to trust issues among potential clients.
User Experience: Many users appreciate the fast deposit and withdrawal processes, but mixed reviews regarding customer service and regulatory concerns impact the overall user experience.
In conclusion, while Juno Markets offers a range of trading options and competitive conditions, potential traders should carefully consider the regulatory landscape and user experiences before deciding to engage with this broker. The mixed reviews indicate that while some traders have had positive experiences, others have faced significant challenges, particularly regarding withdrawals and customer support.