JustMarkets (formerly Just Forex), a multi-asset broker founded in 2012, has a number of obvious issues. The primary worries are that there are numerous stories of traders being unable to withdraw their money and that JustMarkets’ regulatory control is subpar in comparison to other brokers in a comparable industry.
With minimum deposits as little as 1 USD and spreads as low as 1.00 pips (EUR/USD) on its beginner-friendly Cent Account, JustMarkets offers seven active accounts on the MT4/MT5 trading platforms. The spreads on its Pro and Raw Spread accounts start at 0.6 pips, substantially reducing trading costs. On the Raw Accounts, spreads begin at 0 pip (EUR/USD) for a commission of 6 USD (round turn). There are minimal deposit amounts for both the Pro and Raw Accounts. of of 100 USD.
Just Forex at a glance
|Accepted Currency||USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR|
|Publicly Traded (Listed)||Yes|
|Customer Support||Phone, email and live chat support 24/7|
|Official Website||Click Here To Visit|
How To Create Account At Just Forex
- Visit the JustMarkets website or download the JustMarkets app from your app store.
- Look for the “Sign Up” or “Register” button, usually located on the homepage or login page.
- Click on the “Sign Up” or “Register” button to begin the account creation process.
- Fill out the required information, such as your name, email address, and password. You may also need to provide additional information, such as your date of birth, address, and phone number.
- Verify your email address or phone number, if required.
- Once you have completed the registration process, you should receive a confirmation message or email that your account has been successfully created.
JustMarkets’s accounts were assessed to compare the costs to those of other Forex brokers. The costs were evaluated based on the trading fees on one lot (100 000 USD) on the EUR/USD, including the spreads and commission.
When making this calculation, we used one lot of EUR/USD as a benchmark as it is the most commonly traded currency pair and it usually has the tightest spread.
Unfortunately, JustMarkets is not transparent about the average spreads associated with each account type, so these calculations were based on the minimum spreads.
Trading Cost Formula: Spread x Trade Size + Commission = Cost in Secondary Currency (USD)
Founded in 2012, JustMarkets was unregulated for almost 10 years, having briefly held a licence from the IFSC (Belize) in 2013.
The company recently received a licence from the FSA of Seychelles, through which Indian traders are onboarded. While the FSA does regulate brokers, it is not considered a strict regulator and only requires that brokers demonstrate $50,000 in operating capital. Importantly, Australian traders will have few options for resolution if they end up in a dispute with JustMarkets.
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades. Hereby, Just Forex offers you MetaTrader 4 and MetaTrader 5.
Users of JustMarkets may be able to purchase and sell a range of financial assets, including equities, bonds, commodities, and cryptocurrencies.
Research and analysis
Just Forex may offer users market information, news, and research reports to assist them in making wise investment selections.
Education and training
To assist users in learning more about trading and investing, They may provide educational resources like webinars, courses, and tutorials.
Asset allocation and risk management are two tools that JustMarkets may provide to users to assist them in managing their investments.
Users may be able to trade and manage their investments while on the road with the Just Forex mobile app.
They might have a specialised customer service team to assist users with any queries or problems they might encounter.
Pros & Cons Of Just Forex
|Diverse investment options: They may offer a range of investment options, such as stocks, bonds, commodities, and cryptocurrencies, allowing users to diversify their portfolio.||Fees and commissions: JustMarkets may charge fees and commissions for trades and other services, which can reduce the overall return on investment.|
|Educational resources: They may provide educational resources to help users make informed investment decisions and improve their knowledge of financial markets.||Risk of loss: Like any investment, there is always the risk of losing money when using JustMarkets, and users should be aware of the potential risks before investing.|
|User-friendly platform: They may have a user-friendly platform, making it easy for beginners to use and navigate.||Limited access: They may not be available in all countries or regions, limiting access to certain users.|
|Customer support: They may offer dedicated customer support to help users with any questions or issues they may have.||Technical issues: As with any online platform, there is a risk of technical issues, such as system outages or delays, that can affect trading and investment activities.|
Before investing in any financial platform, including JustMarkets, it is crucial to do your homework and due diligence. This can involve looking through the platform’s features, costs, customer service, user reviews, and any accreditation or governmental monitoring. Furthermore, it’s critical to comprehend the risks and potential rewards of investing in various assets and to make wise choices based on your personal financial objectives and risk tolerance.
Just Forex FAQ
What is the difference between Live and Demo accounts?
Absolutely all the accounts in the company whether trading or teaching ones function according to the same principle. You receive the same quotations of the financial instruments and monitor the situation in the market in real-time. However, when using a demo account, you trade with “virtual” money, which can’t be withdrawn, so the psychological aspects of the operations are different. When trading on the demo account, you can test your strategies without risking funds. You can open the practice account on this page. To open a trading account, you need to register Back Office and open a trading account in it.
Is it possible to register several Back Offices?
No, creating multiple Back Offices is a direct violation of the Client Agreement. It is possible to open only one Back Office, using one e-mail address. Note that you can open an unlimited number of trading accounts in a single Back Office.
What does verification mean?
Verification is the process of confirmation of the person’s identity and the place of residence. Verification is mandatory for registering Back Office. The verification procedure is a common requirement of AML Policy. It is followed by many financial organizations, including JustMarkets. Besides, this procedure is a necessary condition to start using full services of JustMarkets company.
What payment methods do you offer?
JustMarkets provides multiple options for a deposit. You can make a deposit via e-wallets, bank cards, local payment methods, etc