JustMarkets Review: Regulations, Trading Platforms, Instruments, and Pros & Cons

JustMarkets, formerly known as JustForex, is a prominent retail FX and CFD broker that provides a wide range of trading opportunities through the MT4 and MT5 trading platforms. This comprehensive JustMarkets review will delve into various aspects, including regulations, trading platforms, available instruments, account types, and the pros and cons of considering an account with JustMarkets.

Company Overview

Established in 2012 and headquartered in Seychelles, JustMarkets has a rich history under its previous JustForex brand. The company operates globally through multiple entities, including Just Global Markets Ltd, JustMarkets Ltd, and JGM International Pty Limited, each subject to different regulatory authorities. However, their mission remains consistent – to create a convenient and transparent trading environment, enabling individuals to maximize their investment potential.

With millions of clients hailing from over 197 countries and a new profile created every eight seconds, JustMarkets stands as one of the most sought-after brokers in Asia. It's important to note that Just Global Markets Ltd does not accept traders from the United States, Japan, and the UK.

Regulation & Licensing

JustMarkets operates under various entities, each subject to different regulatory bodies:

• JGM International Pty Limited is authorized and regulated by the Vanuatu Financial Services Commission (VFSC).
• JustMarkets Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 401/21.
• Just Global Markets Ltd is regulated by the Seychelles Financial Services Authority (FSA) and holds Securities Dealer License number SD088.

The regulatory entity you fall under depends on your country of residence. While JustMarkets does offer certain retail trader safeguards such as negative balance protection and segregated client funds, it's essential to be aware that not all its subsidiaries are controlled by top-tier regulators. As an offshore broker, it may offer limited support and consumer protection. Specific details about accepted countries can be found in the latest licensing information.

Trading Platforms

JustMarkets provides access to the award-winning MetaTrader 4 and MetaTrader 5 trading platforms. These platforms are available for free download on both Windows and Mac devices or can be accessed as webtrader profiles.

Our experts confirm that both platforms are suitable for beginners, although we recommend utilizing paper trading profiles initially to familiarize yourself with their features and functionalities.

MetaTrader 4 (MT4)

• MT4 is renowned for forex trading and offers advanced charting capabilities, 30 technical indicators, 9 timeframes, automated trading options, and various real-time market analysis tools. Its user-friendly interface is particularly beneficial for novice traders.
• JustMarkets recently introduced a new MT4 server, JustMarkets-Live2, to enhance its technical capacity.

MetaTrader 5 (MT5)

• MT5 provides an enhanced trading experience, catering more to professional traders. It boasts 38 technical indicators, 44 graphical objects, 21 timeframes, one-click trading, built-in depth of market widgets, and an economic calendar. Users can customize and upgrade their dashboard to suit their specific needs.
• Social investing through MQL5 Signal Trading is supported on both platforms.
• Notably, JustMarkets does not permit third-party add-ons on its platforms.

JustMarkets Asset Offerings

JustMarkets offers a diverse range of 170+ global instruments, though this may be slightly less than some competitors. Nevertheless, it covers most popular global assets, including major forex pairs and US equities. Here's an overview:

• Stocks: Trade over 65 global company stocks such as Apple, Facebook, and Hilton Worldwide.
• Cryptocurrencies: Speculate on 14 cryptocurrencies, including Bitcoin, Ethereum, and Ripple.
• Forex: Trade 65 major, minor, and exotic currency pairs, including GBP/USD, EUR/USD, and USD/ZAR.
• Indices: Trade on 11 of the world's largest stock indices, including NAS100, S&P 500, and FTSE 100.
• Commodities: Speculate on the prices of three energy commodities and eight precious metals, including gold, silver, Brent oil, and natural gas.

Spreads & Fees

Trading fees at JustMarkets vary based on account type, trading platform, and instrument. Except for the Raw Spread account, which charges 3 units of the base currency per lot/side, the broker does not impose commission fees. Instead, spreads apply to all other account types, and these spreads are typically tight and floating.

• Spreads on the Standard Cent and Standard accounts start at 0.3 pips.
• On the Pro accounts, spreads commence at 0.1 pips.
• Raw Spread account users benefit from spreads starting at 0 pips.

For major forex pairs like GBP/USD, average live spreads ranged from 0.6 to 0.7 pips, depending on the account type. Indices like NASDAQ 100 and Volatility 75 had spreads starting at 1.0 point.

Dormant accounts become subject to a $5 monthly fee after 150 days of inactivity. Additionally, swap fees apply for positions held overnight.

Leverage Review

JustMarkets offers variable leverage depending on the account type and your country of residence. It can go as high as 1:3000, providing flexibility for various trading strategies. However, EU retail traders have access to leverage up to 1:30, while professional traders can utilize leverage up to 1:300. The broker adjusts leverage size as deposits increase to mitigate potential losses.

Detailed information on leverage requirements, along with a margin calculator, can be found on the company's website.

Mobile App

While JustMarkets does not offer its own proprietary mobile app, it integrates seamlessly with the MT4 and MT5 mobile apps, connecting directly to the JustMarkets server. These mobile solutions are a convenient alternative for traders looking to manage their positions on the go.

Through the mobile apps, traders can perform account management tasks, open and close positions, check live global pricing, and view charts. The mobile app provides access to the same technical indicators, timeframes, and analytical charts as the desktop terminal. The MT4 and MT5 mobile apps are available for download on the App Store (iOS) and Google Play (APK).

Payment Methods

Deposits: JustMarkets offers a wide range of international payment methods, ensuring convenience for clients worldwide. Some of the available deposit options include:

• Visa/Mastercard (instant processing)
• Bank Wire Transfer (instant processing)
• E-wallets like Perfect Money, PayPal, and Sticpay (instant processing)
• Local wallets including Fasapay, Alipay, and Bitwallet (instant processing)
• Local banks in countries such as Malaysia, Indonesia, China, and South Africa (instant processing or up to one working day)
• Cryptocurrencies, including Bitcoin, BitcoinCash, Ethereum, Ripple, and USD Coin (processing time varies from one to three hours, depending on the blockchain network)

The minimum deposit requirement ranges from $1 to $500, depending on the chosen method. Most payment methods have a maximum deposit limit of $10,000, and it's worth noting that JustMarkets does not impose any deposit fees, although third-party fees may apply.

Withdrawals: Withdrawal options mirror the deposit methods, and all transactions are processed within one to two hours, in addition to the processing timelines of the respective payment providers. This competitive processing time compares favorably with alternative brokers. Importantly, there are no withdrawal fees associated with any of the available withdrawal options, and minimum withdrawal amounts range from $1 to $500.

JustMarkets Demo Account

JustMarkets offers a comprehensive demo account with up to $5 million in credit. This allows users to test their trading strategies in real market conditions without risking their own capital. Access to the demo account is available from the back office homepage, and once you receive your login credentials, you can explore the MT4 and MT5 platforms across all account types. Users can transition to a real live account when they feel prepared.

Deals & Promotions

JustMarkets is known for its regular promotions, online trading contests, Christmas rebates, and welcome bonuses. For instance, traders have had the opportunity to receive generous bonuses ranging from 100% to 200%. In the past, the broker has offered a free $30 Xmas welcome bonus with no deposit required and exclusive promo codes for specific regions. At present, a 120% bonus promotion up to $40,000 and a $30 welcome bonus for new customers are available.

Overall, JustMarkets provides numerous opportunities for traders to bolster their trading capital. To participate and claim any bonuses, users can simply sign up on the broker's Promotions page. However, it is important to thoroughly read and understand the terms and conditions associated with these promotions before claiming them.

Additional Features

When using JustMarkets, clients can access a wealth of educational resources and content. While the information may not be the most user-friendly, it is regularly updated with the latest market analysis, daily forecasts, and news to aid in making informed trading decisions. Additionally, the learning center includes access to regular webinars, a forex glossary, and educational videos, all of which can be valuable for novice traders.

Periodically, the broker hosts live and demo contests. Participants in demo competitions do not need to deposit any funds but can gain valuable trading experience and the chance to win prizes. Live forex contests offer a broader range of prizes but require participants to deposit their own capital.

Global traders may qualify for a forex VPS, which allows trading strategies to run uninterrupted 24/7, 365 days a year with minimal downtime. A VPS can also help reduce communication time between the trading terminal and JustMarkets servers to less than 1 ms. Additionally, a free economic calendar is available on the broker's official website.

CopyTrade

JustMarkets clients can access a copy trading service, a valuable tool for diversifying portfolios without needing extensive market knowledge. Commissions are determined by individual traders. It's important to note that while copy trading can be profitable, it does not guarantee profits, and past successes may not indicate future results. Here's a step-by-step guide to get started:

1. Create and replenish your Investor Wallet: Transfer funds to your "Investor Wallet" within the JustMarkets platform, either through an internal transfer or by depositing funds into one of your JustMarkets accounts.
2. Copy a verified investor: Browse and select traders you wish to copy, then click "Start copying." The selected trader's positions will be automatically duplicated.
3. Monitor: Users can copy multiple traders to generate income. Monitor your copied trades through the "Investor area," and you can edit or cease copying at any time.

Account Types

New users have a choice of several account types to cater to different trading strategies and levels of experience:

• Standard Cent Account: Designed for new traders, this account offers smaller trade sizes and is compatible only with the MT4 platform. The minimum deposit requirement is $1, and it comes with commission-free trading and spreads starting at 0.3 pips.
• Standard Account: Offering tight spreads from 0.3 pips and no commissions, this account is suitable for all trading strategies and supports both MT4 and MT5 platforms. The minimum deposit is $1.
• Pro Account: Geared towards experienced and professional traders, the Pro account features narrow spreads from 0.1 pips, high leverage, and no commissions. The minimum deposit is $100.
• Raw Spread Account: Upgraded from JustMarket's ECN Zero account, this account is ideal for scalpers. While it does have transaction commissions, spreads are floating, starting from 0 pips. Additionally, this account provides access to all available trading instruments, and the minimum deposit is $100.

JustMarkets also offers a swap-free account for Islamic traders, and users can open accounts in various currencies, including USD, GBP, EUR, IDR, CNY, MYR, KWD, and ZAR. When opening a live JustMarkets account, ID verification and Know Your Customer (KYC) checks are mandatory. Once the registration process is complete, you can access your account through the back office via the homepage. Ensure you review the MetaQuotes user agreement and the broker's terms and conditions available on their website before opening a live account.

Trading Hours

Specific trading hours apply to each market. Typically, forex, indices, stocks, and commodities are open 24/5 from Mondays to Fridays. For detailed information on instrument-specific trading hours, refer to the JustMarkets website.

JustMarkets Customer Support

Responsive customer support is available in English, Indonesian, Malaysian, and Chinese 24 hours a day, 7 days a week. The multilingual support team can assist with various account and technical queries, including password retrieval, execution-related questions, and addressing "trade is disabled" errors. JustMarkets also maintains a comprehensive FAQ page for user convenience.

Contact options include:

• Email: support@justmarkets.com
• Live Chat: Accessible at the bottom of the website
• Messengers: Telegram, WhatsApp, Viber, Skype, Messenger, Line
• Telephone support numbers: +371 67 881 045 or +44 1418 461237

The broker's headquarters are located at Just Global Markets Ltd, Office 10, Floor 2, Vairam Building, Providence Industrial Estate, Providence, Mahe, Seychelles.

Security & Safety

Our experts have confidence in the security protocols implemented by JustMarkets. All data transmission occurs via SSL secure connections, and the company's internal procedures comply with the PCI DSS security standard. Moreover, JustMarkets utilizes a multilevel system of servers with data backup mechanisms in place.

The MetaTrader brand, which JustMarkets relies on, adheres to stringent data privacy and client protection standards. To enhance security, all accounts can be safeguarded with two-factor authentication (2FA) and one-time passwords (OTPs).

JustMarkets Verdict

In conclusion, JustMarkets caters to both novice and experienced traders, offering a diverse portfolio of trading instruments and competitive spreads starting from zero pips. The broker stands out with its integration of the MetaTrader 4 and MetaTrader 5 platforms across multiple account tiers. While some may have reservations about trading with an offshore broker, JustMarkets places a strong emphasis on security measures and garners positive customer reviews and feedback.

Pros:

• Multiple account types to accommodate various trading strategies and experience levels
• Fast order executions, with speeds as low as 0.01 seconds
• Trustworthy and regulated by CySEC
• Welcome bonuses for new traders
• Over 170 trading instruments
• Competitive spreads, starting from 0 pips
• Integration with MetaTrader 4
• Low minimum deposit requirements

Cons:

• Limited non-forex asset selection, with only 65 stocks and a handful of indices and commodities
• Restricted availability for clients from the US, UK, Japan, Germany, and other countries

Broker Details

Disclaimer: - We at forexoverflow do not endorse neither refer anyone to trading broker websites. The information is for educational purpose and source of information is from the broker website.