JustMarkets formerly known as JustForex broker was founded in 2012 and is a multi-licensed forex broker.
JustMarkets broker has very competitive Raw spreads from 0 pips and offers a high leverage 1:3000.
It comes with a well structured trading accounts and of course Metatrader MT4/MT5 forex trading platforms. JustMarkets broker is considered safe, however the main drawback that we see is a lack of Tier-1 regulation. We have also found that their and a limited portfolio of CFD offerings is quite limited when compared to competition.
JustMarkets Pros & Cons
- Low min. deposits from $1
- Competitive forex spreads from 0.6 Pips
- High Leverage up to 1:3000
- MetaTrader MT4, MT5 platforms
- Copy Trading
- 11 base currencies to choose from
- Scalping, Hedgins, Forex Robots EA allowed
- Islamic Swap-Free Accounts
- Product offerings are limited to forex
- Education materials are limited
- No propriertary trading platform
- No cTrader, TradingView
- No top-tier regulator license yet
- No banking license
Is JustMarkets Safe?
JustMarkets is a licensed and regulated broker.
JustMarkets Regulation
JustMarkets operates under different licensed entities in different countries:
- Just Global Markets Limited is regulated by Seychelles Financial Services Authority (FSA) under the license number SD0088.
- JustMarkets Ltd. Is regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 401/21.
- JGM International Pty Limited is regulated by the Vanuatu Financial Services Commission (VFSC).
Although JustMarkets (formerly JustForex) is a regulated broker, it does not accept traders from the EU, EEA, Australia, the UK, and the United States.
At the moment, this forex broker does not hold any top-tier regulatory license from tier-1 regulators from the FCA UK, ASIC, etc.
JustMarkets offers broker services to most countries in Asia, Africa, the Middle East, and some South American countries.
Awards
Financial Assets Available
JustMarkets has a limited range of financial assets on offer.
It is mainly a forex broker with most majors and minors currency pairs under the belt.
- 65 Forex pairs including majors and minors.
- 8 metals
- 11 indices
- 3 energies (CFDs)
- 14 cryptocurrency pairs (CFDs)
- 165 shares (CFDs)
Although it has been in the market for over a decade, it does not offer an extensive range of markets and products.
JustMarkets vs. Competition
JustMarkets has been around for over a decade now.
It is a popular forex broker but it hasn’t been able to establish itself as a market leader as yet.
Let’s briefly compare its key features with other popular brokers like Pepperstone, XTB, XM Group.
| Broker | Minimum deposit | Bonus | Currency pairs | Trading Platforms | Regulation | FX Spread EURUSD |
|---|---|---|---|---|---|---|
| JustMarkets | $1 | $30 | 65 | MT4,MT5 | FSA, VFSA, SySEC | 0.6 Pips |
| Pepperstone | $1 | - | 70 | MT4,MT5, cTrader, TradingView | FCA ASIC DFSA SCB | 0.07 Pips |
| XTB | $1 | - | 57 | xStation | FCA Cysec DFSA | 0.8 Pips |
| XM | $15 | $30 | 56 | MT4,MT5 | Cysec ASIC | 0.7 Pips |
Trading Accounts
| Trading Account | Bonus | Min. Deposit | FX Commisions | Forex Spreads | Swap Free Account | Account Currency |
|---|---|---|---|---|---|---|
| Standard | $30 Bonus | $1 | Zero | From 0.3 Pips | * for Muslims only | USD EUR GBP JPY MYR IDR THB VND KWD CNY ZAR |
| Pro | $30 Bonus | $100 | Zero | from 0.1 Pips | * for Muslims only | USD EUR GBP JPY MYR IDR THB VND KWD CNY ZAR |
| Raw Spread | $30 Bonus | $100 | $6 per Lot | zero Pips | * for Muslims only | USD EUR GBP JPY MYR IDR THB VND KWD CNY ZAR |
Demo Account
You can open a demo account with JustMarkets first before opening a real trading account. Then, depending on the trading platform you use, you can decide to open one of the four available account options.
Standard Account
The Standard account requires only $1 to open an account and comes with 11 base currencies.
Pro & Raw Account
The PRO and RAW SPREADS accounts both come with a minimum of $100 minimum deposit requirement.
The “RAW Spreads” is and ECN account and offers more value to scalpers and intraday traders the spreads start from 0.0 pips but you are being charged $6.0 commision per standard lot.
Islamic Account
Muslim traders can open a Swap-free or Islamic trading account.
Maximum Leverage up to 1:3000
JustMarkets is a high leverage forex broker.
| Your Account Balance in USD | Max. FX Leverage |
|---|---|
| $0 - $999 | 1:3000 |
| $1000 - $4999 | 1:2000 |
| $5000 - $29,999 | 1:1000 |
| More than $30,000 | 1:500 |
Maximum available forex leverage always depends on the account balance .
The higher the account balance, the lower the margin. It is a smart way to protect your funds from loss!
The margin call for all accounts is set to 40% and the account freeze comes at 20% of the margin requirement.
The minimum order size is 0.01 lot and the maximum order size is 100 lots where 1 lot is equal to 100,000 units.
The leverage level on offer can vary by the account type and the trading platform as well.
JustMarkets Trading Fees
The total trading cost with any broker comprises the trading and non-trading costs. Most brokers charge trading commissions through wider spreads these days.
JustMarkets offers spreads from 0.0 on its “Raw Spreads” account. However, it comes with a $3 commission per unit for all trades.
Let’s take an example of the USD/EUR currency pair to know the spreads and commissions offered by JustMarkets on its different account types.
| Account | Minimum Deposit | Starting Spreads | Commission | Total Cost ($) |
| MT4: Pro | $100 | 0.6 | 0 | 6.0 |
| Standard Cents | $1 | 0.90 | `0 | 0.90 |
| Standard | $1 | 1.0 | 0 | 1.0 |
| Raw Spreads | $100 | 0 | $6.0 | 6.0 |
| MT5: Pro | $100 | 0.60 | 0 | 6.0 |
| Standard | $1 | 1.0 | 0 | 1.0 |
| Raw Spreads | $100 | 0 | $6.0 | 6.0 |
Most trading accounts from JustMarkets come with a Swap-Free arrangement. It means that traders do not need to pay interest on overnight transactions.
Account Base Currencies
JustMarkets offers 11 base currencies: USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, and ZAR.
Trading Platforms
JustMarkets does not have a proprietary trading platform. However, it offers the leading MetaTrader trading platform to its customers with both MT4 and MT5 versions.
MT4 and MT5 both come with browser, desktop, and mobile app versions. Mobile apps are available for both Android and IOS users.
MT4 Metatrader
MT4 is one of the most popular and widely used trading platforms around the globe. It offers an extensive range of trading tools and a user-friendly trading experience to users.
MT4 is a popular choice by beginners as well as expert traders.
Here are a few key features offered by MT4:
- 30+ built-in trading indicators to help traders.
- Expert advisor functionality.
- Comes with a browser, PC, and mobile app version for every customer.
- It supports 9 timeframes, 3 types of charts, and 4 pending order types.
- Micro lots to help beginner traders.
- MT4 allows hedging as well.
MT5 Metatrader
MT5 is the advanced trading platform from MetaTrader with more trading and charting tools on offer. It is liked equally by beginners and experts for its wide range of trading tools as well.
Some additional features that the MT5 offers on top of those provided by MT4 include:
- 38 indicators with 12 timeframes.
- 37 graphical objects.
- 6 pending order types.
- Data backup and transaction history.
Currently, JustMarkets does not offer any other trading platform for its users. However, MT4 and MT5 offer several useful tools for beginners and expert traders alike.
Trading Tools
Online brokers come with different trading platforms and trading tools. JustMarkets offers MT4 and MT5 with an excellent range of trading tools including search features, charting, indicators, and alerts.
Order Types
Customers can place different types of trading orders with JustMarkets using either the MT4 or MT5 platform.
Popular order types include:
- Market orders
- Limit and Stop orders
- Stop-loss and Guaranteed stop-loss orders
- Good Till Time (GTT) and Good Till Canceled (GTC)
Account Security and Login
One of the drawbacks of JustMarkets is its simple account opening and login process. Customers can log in with their email addresses and usernames.
Broker does not offer the protection of 2FA two-factor authentication yet. Although this login process is convenient but comes with a certain level of risk.
Copy Trading
Copy Trading is a popular trading feature offered by many online CFD brokers these days. It allows beginners and novice traders to start trading without gaining extensive knowledge of the markets.
JustMarkets does not charge additional commission on Copy Trading. However, traders offering Copy Trading options will charge you a commission.
You can choose from the Leaderboard and investor area to find the ideal trader. Then, it allows successful traders to offer to copy others and earn more through commissions on successful trades.
Social Trading
Social Trading is a similar concept to copy trading. Here you utilize the signals and trading strategies offered by successful traders rather than simply copying their trades.
Most signal providers offer social trading tools offering signals. You can choose a signal provider by using different criteria metrics including trading period, maximum drawdowns, best trades, and profit factor.
Forex VPS
Traders must use the MQL5 community offered by MT4. Then, you should keep your account open to receive signals and strategy offers.
A Forex VPS is a type of virtual private server that connects traders with the MQL5 community extensively. You can use forex VPS with JustMarkets accounts easily.
Deposit and Withdrawal Options
The availability of the deposit and withdrawal methods offers flexibility and affects the non-trading costs as well.
JustMarkets offers 11 base account currencies on its major account types as mentioned above. Traders can save on foreign currency conversion charges.
Several deposit and withdrawal methods are available:
- Credit and Debit Cards from VISA and Mastercard.
- Bank transfers through major banks in each country it operates.
- Digital Wallets include SKRILL, NETELLER, SticPay, etc.
- Cryptocurrency conversions through Bitcoin, Bitcoin Cash, Binance, USD Coin, etc.
The minimum and maximum transaction limits are similar for all options.
Good news is, there is no commission charged on withdrawals or deposits.
Customer Support and Education Material
JustMarkets offers 24/7 customer support in 3 languages English, Indonesian, and Malaysian to its customers.
You can contact the broker through Live Chat and Messenger. You can also contact through email to a concerned department with various email addresses.
There is a limited collection of blog articles to guide newbie traders through the trading.
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