JUSTMARKETS 2025 Review: Everything You Need to Know
JustMarkets, formerly known as JustForex, has established itself as a prominent brokerage in the online trading landscape since its inception in 2012. This review synthesizes various expert opinions and user experiences to provide a comprehensive overview of the broker's offerings, strengths, and weaknesses. Overall, JustMarkets enjoys a positive reputation for its competitive trading conditions, low minimum deposit requirements, and a wide array of trading instruments. However, certain limitations regarding regulatory oversight and the range of tradable assets have raised concerns among potential users.
Note: It is essential to consider that JustMarkets operates through various entities in different jurisdictions, which may affect the regulatory protections available to traders. This review aims to provide a balanced and accurate assessment based on the information gathered from multiple sources.
Ratings Overview
We rate brokers based on a combination of user experiences, expert analyses, and factual data.
Broker Overview
Founded in 2012, JustMarkets is headquartered in Seychelles and has expanded its operations globally. The broker primarily offers trading on the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, catering to a diverse clientele. JustMarkets provides access to a variety of financial instruments, including forex, commodities, indices, shares, and cryptocurrencies. The broker is regulated by several authorities, including the Seychelles Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA) in South Africa, and the Financial Services Commission (FSC) in Mauritius.
Detailed Insights
Regulatory Regions
JustMarkets operates under multiple regulatory frameworks, including the FSA in Seychelles, CySEC in Cyprus, FSCA in South Africa, and FSC in Mauritius. However, it does not accept clients from the United States, the United Kingdom, Canada, Japan, and several EU countries. This limitation may affect traders seeking regulatory protection, as the broker's oversight varies by jurisdiction.
Deposit/Withdrawal Currencies/Cryptocurrencies
JustMarkets supports a range of deposit and withdrawal methods, including credit cards, bank transfers, e-wallets (such as Skrill and Neteller), and cryptocurrencies (like Bitcoin and Ethereum). The minimum deposit requirement is as low as $1 for standard and cent accounts, making it accessible for beginner traders. Notably, there are no fees for deposits or withdrawals, which is a significant advantage.
The broker offers several promotional incentives, including a $30 welcome bonus for new clients and a 120% deposit bonus on initial deposits. There are also referral programs where traders can earn bonuses for introducing new clients. However, these promotions may not be available to clients in the EU due to regulatory restrictions.
Tradable Asset Classes
JustMarkets provides access to over 170 trading instruments, including more than 65 forex pairs, commodities like gold and oil, indices, and a selection of cryptocurrencies. However, the range of non-forex assets is somewhat limited compared to other brokers, which may deter traders looking for a more diversified portfolio.
Costs (Spreads, Fees, Commissions)
The trading costs at JustMarkets are competitive, with spreads starting from 0.0 pips on raw spread accounts and around 0.3 pips on standard accounts. The broker does not charge commissions on most accounts, although the raw spread account incurs a fee of $6 per lot. Additionally, an inactivity fee of $5 applies after 150 days of no trading activity.
Leverage
JustMarkets offers high leverage options of up to 1:3000, which can be appealing to traders looking to amplify their trading potential. However, this level of leverage comes with increased risk, and traders are encouraged to manage their exposure carefully.
Traders can utilize both MT4 and MT5 platforms, which are well-regarded for their user-friendly interfaces and robust trading features. The platforms support automated trading through Expert Advisors (EAs) and provide various analytical tools to enhance trading strategies.
Restricted Regions
As previously mentioned, JustMarkets does not accept clients from several key regions, including the US, UK, and Japan. This restriction may limit its appeal to traders in those areas who seek a regulated trading environment.
Available Customer Service Languages
JustMarkets offers multilingual customer support in English, Indonesian, Malaysian, Spanish, and Portuguese. The support team is available 24/7 through various channels, including live chat, email, and phone, ensuring that traders can get assistance when needed.
Ratings Overview (Revisited)
Detailed Breakdown
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Account Conditions: JustMarkets provides a variety of account types with low minimum deposits, making it suitable for both beginner and experienced traders. The account types include standard, pro, raw spread, and cent accounts.
Tools and Resources: The broker offers MT4 and MT5 platforms, which are excellent for trading, but educational resources are limited, making it less ideal for novice traders.
Customer Service & Support: JustMarkets has a robust customer support system available 24/7, ensuring traders can get help when needed. The multilingual support enhances accessibility for a global audience.
Trading Experience: With competitive spreads and high leverage, JustMarkets offers a favorable trading environment. However, the limited range of non-forex assets may be a downside for some traders.
Trustworthiness: While JustMarkets is regulated by several authorities, it lacks oversight from top-tier regulators, which may raise concerns for some traders.
User Experience: The platforms are user-friendly and accessible, with a straightforward account opening process that enhances the overall trading experience.
Regulatory Compliance: The mixed regulatory landscape means that traders should be aware of the protections available depending on their jurisdiction.
In conclusion, JustMarkets is a viable option for traders seeking a broker with competitive trading conditions, low entry barriers, and robust customer support. However, potential users should weigh the limitations regarding regulatory oversight and the range of tradable assets before making a decision.
