JustMarkets

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Aspect	Details
JustMarkets	www
Leverage	Up to 1:3000 (depending on the license)
Minimum Deposit	Varies by account type
Year Established	2012
Regulation	CySEC, FSA (Seychelles), FSCA, FSC (Mauritius)
Payment methods	Various options including Visa/Mastercard, Skrill, Neteller, Wire Transfer, Bitcoin, and more depending on regulatory license and region
Publicly Traded	❌
Employees	201-500
Type of Broker	Online Forex and CFD Broker
MT4	✅
MT5	✅
Trading Assets	Forex, Stocks, Commodities, Indices, Cryptocurrencies
Demo Account	✅
Islamic Account	✅
CopyTrading	✅
Signals	✅
Deposit Fee	❌
Withdrawal Fee	❌
Rating	★★★★★
Offers	Official Website

Alternatives

Rank	Broker	Review
1	xChief
2	XTB
3	RoboForex
4	FBS
5	XM
6	Exness
7	JustMarkets
8	Markets.com
9	eToro
10	IC Markets

Pros and Cons

Introduction

JustMarkets is a well-established online brokerage firm that offers a range of trading services to clients worldwide.

Founded in 2024, the company has gained a reputation for providing access to various financial markets, including forex, commodities, indices, and cryptocurrencies.

In this review, we will delve into the key aspects of JustMarkets to help you make an informed decision about whether it’s the right broker for your trading needs.

Editor’s Verdict

The broker is a reputable broker that offers a comprehensive range of trading services, making it suitable for both beginners and experienced traders.

With competitive spreads, multiple account types, and access to popular trading platforms, it caters to various trading preferences.

The broker’s commitment to regulation and security, as well as its educational resources, make it a strong contender in the online brokerage industry.

Fee

The broker offers competitive spreads and commissions.

Fees for deposits and withdrawals are determined by the payment system used, with the broker not charging additional fees.

Spreads vary depending on the account type, with the Standard account having a minimum spread of 0.3 pips, the Pro account at 0.1 pips, and a Raw Spread account with 0 spreads for intraday trading and scalping.

Range of Assets

This broker provides access to a wide range of CFD instruments, including 65 forex pairs (Majors, Minors, and exotics), 165 shares, 11 commodities (metals and energies), 11 indices, and 14 cryptocurrencies.

This diverse offering allows traders to access all markets from a single platform.

Leverage and Trading Hours

Leverage options of up to 1:3000 are available depending on the regulatory license.

Trading hours vary by asset class, with forex markets typically open 24/5 during the trading week.

Exact trading hours for each instrument can be found on the Just Markets platform.

Account Types Offered

The company offers a range of account types tailored to different trading preferences:

• For MetaTrader 5: Standard, Pro, Raw Spread.
• For MetaTrader 4: Standard, Standard Cent, Pro, Raw Spread.
• Swap-free Islamic accounts are available upon request.

Demo Account

This broker offers a demo account option for traders who want to practice and test their trading strategies before committing real money.

Here’s how you can open a demo account:

1. Visit the JustMarkets Website: Start by visiting the official JustMarkets website. You can use your web browser to access their site.
2. Registration: Look for the “Demo Account” or “Open Demo Account” button on the website’s homepage. Click on it to begin the registration process.
3. Fill in Your Details: You will be asked to provide some personal information, including your name, email address, and phone number. Ensure that the information is accurate, as this is how they may contact you.
4. Choose Account Type: Select the type of demo account you want to open. This might include options like Standard, Pro, or Raw Spread, depending on what it offers for demo trading.
5. Agree to Terms and Conditions: Review and agree to the terms and conditions and any other policies they provide. Make sure you understand the terms of the demo account.
6. Confirmation: After submitting your information, you should receive a confirmation email. This email may contain your login credentials or instructions on how to set up your demo trading platform.
7. Download or Access the Platform: Depending on JustMarkets’ offerings, you may need to download their trading platform or access it directly through your web browser. Follow the provided instructions.
8. Start Demo Trading: Once you’ve logged in, you can start using the demo account to practice trading. You’ll typically receive virtual funds that you can use to execute trades in real market conditions.
9. Use Educational Resources: While using the demo account, take advantage of any educational resources provided to enhance your trading skills.

Trading Platforms

The company offers traders access to the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms.

These platforms are widely recognized in the industry for their robust features and user-friendly interfaces. Below, I’ll provide a detailed overview of both platforms:

MetaTrader 4 (MT4):

1. Interface and Usability: MT4 features a user-friendly interface with customizable charts and layouts. Traders can easily navigate through various tools, indicators, and trading options.
2. Charting Tools: MT4 offers advanced charting tools with a wide range of timeframes, chart types, and technical indicators. Traders can conduct in-depth technical analysis using these features.
3. Automated Trading: One of the standout features of MT4 is its support for automated trading. Traders can create and backtest their own trading algorithms using the MetaQuotes Language 4 (MQL4). Additionally, there’s a marketplace where traders can purchase or rent existing trading strategies (Expert Advisors or EAs).
4. Technical Indicators: MT4 provides a vast library of technical indicators and oscillators, allowing traders to analyze market trends and make informed decisions.
5. Risk Management: The platform offers risk management tools, including stop-loss and take-profit orders, to help traders control their risk exposure.
6. Mobile Trading: MT4 is available as a mobile app for both Android and iOS devices, enabling traders to monitor and manage their positions on the go.

MetaTrader 5 (MT5):

1. Expanded Asset Coverage: MT5 offers an even broader range of tradable assets compared to MT4. In addition to forex, traders can access commodities, stocks, indices, cryptocurrencies, and more.
2. Advanced Timeframes: MT5 provides additional timeframes for charts, including 2-minute and 8-hour charts, giving traders more flexibility in their analysis.
3. Economic Calendar: MT5 features an integrated economic calendar that provides real-time updates on economic events and their potential impact on the markets.
4. Hedging Capability: MT5 allows for both hedging and netting trading strategies, providing more flexibility to traders.
5. Depth of Market (DOM): Traders can access the DOM feature in MT5, providing insights into market liquidity and order book depth.
6. Built-in Economic Calendar: MT5 includes an economic calendar, which can be valuable for fundamental analysis traders.
7. Multi-Asset Trading: With MT5, traders can access a wide variety of financial instruments, making it suitable for traders interested in diversifying their portfolios.
8. Mobile Trading: Like MT4, MT5 is available as a mobile app for traders who prefer to trade from their smartphones or tablets.

Awards

The broker has earned several awards and recognitions for its services in the financial industry. These awards highlight its commitment to providing quality services to its clients.

Here are the awards received by JustMarkets in more detail:

1. The Best Broker in Asia (The Ultimate Best Brokers & B2B Fintech Awards 2022): The company was awarded the prestigious title of “The Best Broker in Asia” at The Ultimate Best Brokers & B2B Fintech Awards in 2022. This recognition reflects the broker’s excellence in serving clients in the Asian region, which is a highly competitive and dynamic market.

2. Trustpilot Rating (4.8/5): The company boasts an impressive Trustpilot rating of 4.8 out of 5 based on reviews from more than 1400 users. This high rating demonstrates the trust and satisfaction of clients who have used the broker’s services. Trustpilot is a well-known platform for customer reviews and ratings.

Regulation and Security

The company is regulated by multiple authorities, including CySEC, FSA (Seychelles), FSCA, and FSC (Mauritius), ensuring regulatory compliance and security of client funds.

Research and Education

The broker offers educational resources suitable for both beginners and advanced traders.

Interactive quizzes and regular market analysis emails are provided to help traders stay informed and strengthen their trading skills.

Customer Support

The customer support is highly rated, with a Trustpilot rating of 4.8 based on over 1400 reviews.

Support is available in several languages through various channels, including phone, email, instant messengers, and social networks.

Bonuses and Promotions

The broker offers various bonuses and promotions, including a $30 Welcome Bonus for new users, a 120% Deposit Bonus, and referral bonuses for bringing in new clients.

The company also has a profitable IB program for partners.

Account Opening

Opening an account involves various steps to ensure that you can start trading smoothly and securely.

Here are the detailed steps for opening an account:

Step 1: Visit the JustMarkets Website

• Start by visiting the official website. You can do this by typing “JustMarkets” into your web browser’s search bar or by directly entering the URL if you have it.

Step 2: Click on “Open an Account”

• On the website’s homepage, you should see an option like “Open an Account” or “Register.” Click on this button to initiate the account opening process.

Step 3: Choose Your Account Type

• The broker offers different types of trading accounts, including Standard, Pro, and Raw Spread accounts. Select the account type that best suits your trading needs and preferences.
• You may also have the option to choose between MetaTrader 4 and MetaTrader 5 platforms.

Step 4: Fill in Your Personal Information

• You’ll be directed to a registration form where you need to provide your personal information.
• This typically includes your full name, date of birth, nationality, and contact details. Ensure that you provide accurate information.

Step 5: Agree to Terms and Conditions

• Read and understand JustMarkets’ terms and conditions, privacy policy, and risk disclosure. You’ll need to agree to these documents to proceed.

Step 6: Verify Your Identity

• To comply with regulatory requirements, the company may ask you to provide proof of identity and address.
• This usually involves submitting a copy of your passport or ID card and a utility bill or bank statement as address verification.
• Follow the instructions provided for document upload.

Step 7: Account Verification

• Once you’ve submitted your documents, the JustMarkets team will review and verify your account.
• This process may take some time, and you will be notified when your account is approved.

Step 8: Fund Your Account

• After your account is approved, you can fund it by making a deposit. The broker supports various payment methods, including credit/debit cards, bank transfers, and electronic payment systems.
• Choose the method that suits you best and follow the deposit instructions.

Step 9: Start Trading

• Once your account is funded, you can log in to your trading platform (MT4 or MT5) using the credentials provided by JustMarkets.
• You’re now ready to start trading and can access the wide range of financial instruments offered by the broker.

Step 10: Customer Support

• If you encounter any issues or have questions during the account opening process, don’t hesitate to reach out to JustMarkets’ customer support.
• They can provide assistance and guidance to ensure a smooth account opening experience.

Payment Methods

The broker offers various payment methods to facilitate deposits and withdrawals for its traders. These payment methods include both traditional and digital options.

Here are the details of the payment methods supported:

1. Visa/Mastercard

• The broker accepts deposits and withdrawals through Visa and Mastercard credit/debit cards.
• This method is convenient for traders who prefer using their cards for financial transactions.

2. Western Union

• Western Union is a global money transfer service. The company allows traders to use Western Union for deposits and withdrawals, providing an additional option for funding their accounts.

3. Perfect Money

• Perfect Money is a popular online payment system that allows users to make secure and instant payments. T
• The broker supports Perfect Money for both deposits and withdrawals.

4. Neteller

• Neteller is an e-wallet service widely used in the forex trading industry.
• Traders can use it to fund their accounts and also withdraw funds.

5. Skrill

• Skrill, another popular e-wallet, is accepted for deposits and withdrawals.
• It also provides a quick and secure way to manage your trading funds.

6. FasaPay

• FasaPay is an online payment solution designed for traders.
• The broker allows clients to use FasaPay for transferring funds to and from their trading accounts.

7. Internal Transfer

• This broker offers internal transfers, allowing traders to transfer funds between their accounts within the broker’s platform.

8. Local Deposits

• The broker may support local deposit methods in specific regions.
• These methods can vary depending on your location and may include additional options not listed here.

9. Bitcoin

• The company supports cryptocurrency transactions, and traders can deposit and withdraw funds using Bitcoin, one of the most well-known cryptocurrencies.

Please note that the availability of these payment methods may vary depending on your region and the specific account type you choose with JM.

It’s essential to check the broker’s website or contact their customer support for the most up-to-date information on supported payment methods for your location.

Additionally, fees and processing times may vary depending on the chosen payment method.

Deposits and Withdrawals

The broker aims to ensure fast and secure deposit and withdrawal processes by offering various payment methods and expanding local solutions for different regions.

Is it Broker a Good Broker?

Yes, it is a reputable and customer-focused broker with competitive trading conditions, innovative features like Copytrading, and a strong regulatory framework.

Alternative Brokers & Comparisons

When considering a forex broker like JustMarkets, it’s essential to evaluate it against other brokers in the industry to determine which one aligns with your trading preferences and needs.

Here are some alternative forex brokers and comparisons to help you make an informed decision:

1. XM Broker vs. JustMarkets

• Regulation: Both brokers are regulated, with JustMarkets holding licenses from CySEC, FSA, FSCA, and FSC Mauritius, while XM is regulated by CySEC and ASIC.
• Trading Platforms: XM offers both MT4 and MT5, while JustMarkets provides these platforms along with its mobile app.
• Assets: The broker offers a wide range of trading instruments, including forex pairs, indices, metals, energies, stocks, commodities, and cryptocurrencies. XM also provides various assets.
• Fees: Both brokers offer competitive spreads and fees. XM’s spreads start from 0 pips, while JustMarkets offers spreads from 0.1 pips.
• Copy Trading: The broker offers its proprietary Copytrading service, allowing traders to copy successful traders’ strategies. XM also offers social trading features.
• Awards: XM has received numerous industry awards, while JustMarkets won The Best Broker in Asia at the Ultimate Best Brokers & B2B Fintech Awards in 2022.

2. IG vs. JustMarkets

• Regulation: IG is regulated by the FCA in the UK, while JustMarkets has multiple licenses.
• Trading Platforms: IG offers its proprietary trading platform along with MT4. JustMarkets focuses on MT4 and MT5.
• Assets: IG provides a wide range of trading instruments, including forex, indices, shares, commodities, and more.
• Fees: IG’s spreads start from 0.6 pips, while the former offers competitive spreads.
• Education: IG offers extensive educational resources, including webinars and trading courses.
• Demo Account: Both brokers offer demo accounts for practice.

3. eToro vs. JustMarkets

• Social Trading: eToro is known for its social trading platform, allowing traders to follow and copy other investors. JustMarkets also offers copy trading.
• Assets: eToro offers a broad range of assets, including stocks, cryptocurrencies, and commodities. The former provides forex, indices, metals, and more.
• Regulation: eToro is regulated in several jurisdictions, while JustMarkets holds multiple licenses.
• Fees: eToro has zero-commission stock trading, while JustMarkets offers competitive spreads.

4. Pepperstone vs. JustMarkets

• Regulation: Pepperstone is regulated by ASIC and FCA, while JustMarkets has multiple licenses.
• Trading Platforms: Both offer MT4 and MT5, but Pepperstone also provides cTrader.
• Assets: Pepperstone offers forex, commodities, cryptocurrencies, and more.
• Fees: Pepperstone is known for its low spreads, while the former offers competitive pricing.

5. AvaTrade vs. JustMarkets

• Regulation: Both are regulated brokers with multiple licenses.
• Assets: AvaTrade offers a wide range of assets, including forex, stocks, cryptocurrencies, and indices.
• Platforms: AvaTrade offers its proprietary platform, along with MT4 and MT5.
• Copy Trading: Both brokers offer copy trading services.
• Education: AvaTrade provides educational resources, including webinars and tutorials.

Before choosing a broker, consider your trading style, preferred assets, fees, and regulatory preferences.

It’s also essential to test each broker’s platform and features using a demo account to ensure it meets your requirements.

Conclusion

In conclusion, JustMarkets, formerly Justforex, is a well-established broker with a strong track record and a focus on client satisfaction.

Its diverse range of assets, competitive fees, innovative Copytrading service, and commitment to regulatory compliance make it a compelling choice for traders looking to access various markets.

Contact Info

• Website: JustMarkets
• Email: [email protected]
• Phone: +248 4632027, +230 52970330

FAQ – Frequently Asked Questions

References and Sources

• Official Website: https://justmarkets.com/
• Twitter: https://twitter.com/JustMarketsCom
• LinkedIn profile: https://www.linkedin.com/company/justmarkets
• Trustpilot: https://www.trustpilot.com/review/justmarkets.com
• YouTube: https://www.youtube.com/channel/UCFXMXn3ZxKi1HB-KKcUJ3pA
• Facebook: https://www.facebook.com/JustMarketsComOfficial

Opinions of JustMarkets

User Reviews

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Article written, edited and reviewed by

Adam Rosen

Adam Rosen is a seasoned senior marketer whose expertise extends far beyond the norm. Drawing from decades of experience in the industry, Adam plays an integral role in our team, infusing his insights into every project we tackle. But that's not all – Adam has a unique knack for breaking down complex broker information and crafting insightful reviews for our website, Brokfolio. His dedication to providing readers with valuable insights and guidance makes him an invaluable asset to our team. Beyond his professional pursuits, Adam is fueled by an unwavering passion for technology and fintech. He thrives on pushing boundaries and exploring new horizons in these dynamic domains. Curious to learn more about the mind behind the words? Dive into Adam Rosen's profile to discover a wealth of expertise, innovation, and a relentless drive for excellence.

Emily Clark

Emily Clark is our superstar who kicked off her journey as a content whiz and proofreading ninja, focusing on all things finance and tech.
As our team grew, Emily's role blossomed big time. She became the go-to rockstar, an absolute must-have player in our squad, making our growth story rock.
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Currently Emily's holding the senior editor crown, keeping tabs on content from our awesome team.

Alternatives

Rank	Broker	Review
1	xChief
2	XTB
3	RoboForex
4	FBS
5	XM
6	Exness
7	JustMarkets
8	Markets.com
9	eToro
10	IC Markets

Last updated: April 21, 2024