Last Updated on: 20th July 2023, 04:25 am
When the broker enrolled in 2011, users of JustForex got access to the company’s official website. The website’s primary purpose is to provide users with the information they require to begin trading. JustForex’s official website is unique. Various online evaluations claim that the broker trades in other assets, but a glance at the website reveals otherwise.
JustForex is a retail FX and CFD broker that uses the MetaTrader 4 and MetaTrader 5 trading platforms. Hedging and scalping are among the trading styles supported by an online brokerage. Spreads, leverage, account types, and bonuses are all covered in our assessment. Find out if opening a real account with JustForex is a good idea.
JustForex Review: Is it a Scam?
The company is situated in St. Vincent, and the Grenadines was founded in 2012. The brand’s corporate owner, JF Global Limited, offers over 170 trading instruments across four account types to suit all levels of traders.
JustForex is one of Asia’s most popular brokers, serving millions of clients from 197 countries. JF Global Limited, on the other hand, does not welcome traders from the United States, Japan, or the United Kingdom.
The broker is a well-known company with hundreds of excellent web evaluations. Despite this, JustForex remains unregulated and registered as an International Business Company with the Financial Services Authority (FSA) (IBC).
JustForex Review: Advantages and Disadvantages
Advantages and Disadvantages of JustForex broker are as follows:
Advantages
- FSA Regulated
- Wide Range of Payment Methods
- Tight Spreads
- Lowest Minimum Deposit
- Qualified Support Techniques
- Easy to use and execute
Disadvantages
- US Traders are not allowed
- Not FCA Regulated
- Regulations are Offshore
- No MT MCA Version
JustForex Review: Trading Accounts
Standard, Pro, ECN Zero, Cent, Mini, a demo trading account, and an Islamic swap-free trading account are among the seven categories of trading accounts offered by JustForex, as indicated below:
Standard Account
This is a commission-free trading account that requires only a $100 initial deposit and offers leverage of up to 1:3000 with spreads as low as 0.1 pips. In addition, users can trade 57 different currency pairs and two different metals.
Pro Account
This is a commission-free trading account with a $500 minimum deposit, leverage of up to 1:3000, and spreads as low as 0.1 pips. 57 Forex pairs, 4 metals, 11 indices, 2 energies, 65 stocks, and 25 futures instruments are available for trading.
ECN Zero Account
This is a commission-based trading account that requires a $500 minimum deposit and offers leverage up to 1:500 with spreads starting at 0 pips. This account allows users to trade 84 Forex pairs and two metals.
Standard Cent Account
This account offers no commissions, no minimum deposit, up to 1:1000 leverage, and spreads as low as 0.3 pips. With this account, users have access to 34 Forex pairs.
Mini Account
With no minimum deposit, leverage up to 1:3000, and spreads starting at 0.3 pips, this account is commission-free. With this account, users can trade 34 Forex pairs and two metals.
Demo and Islamic swap-free trading accounts are also available from the firm.
JustForex Review: Account Opening
Users only need to click the Registration or Open Account button to open a trading account. This will bring up the registration form below:
Once you have your Back Office login information, you may construct your Demo and Live account information. The MT4 desktop, mobile, and web-based platforms can access the demo or live trading accounts.
JustForex complies with account holder information verification processes as well as payment methods. Users must pass Know Your Customer (KYC) verification protocols and have approved payment methods that can be validated to do so.
JustForex Review: Trading Instrument
Depending on the trading account selected, JustForex allows users to trade on more than 150 instruments, including Forex ECN, stocks, indices, and commodities. The list of assets is given below:
- Forex: GBPUSD, EURUSD, and USDZAR are just a few of the 65 major, minor, and exotic currency pairs available.
- Cryptocurrencies: 7 currencies dealing such as bitcoin, ethereum, etc.
- Futures: NAS100 Futures, Crude Oil Brent Futures, and other 25 futures
- Indices: The NASDAQ 100, S& P 500, and FTSE 100, and other 11 indices.
- Energies: 2 energies i.e., Brent Oil and WTI Light Crude Oil
- Stocks: 65 shares, including Apple and Facebook
- Metals: 8 Metals, including Gold and silver
JustForex Review: Spreads and Commission
JustForex offers low, floating spreads on all accounts. Spreads on the Standard Cent and Standard accounts start at 0.3 pips, 0.1 pips on the Pro account, and 0 pips on the Raw Spread account.
Average live spreads on key forex pairs, such as GBPUSD, are 0.7 and 0.6 on EURUSD, depending on account type. Index spreads, such as those on the NASDAQ 100 and the Volatility 75 index, are 1.0.
The broker does not charge any commissions, with the exception of the Raw Spread account, which charges three units of the base currency per lot/side. As a result, JustForex is competitively priced compared to other well-known brokers such as Exness, HotForex, XM, OctaFX, and FBS.
JustForex Review: Leverages
JustForex offers leverage of up to 1:3000 depending on the account type. As a result, customers can use various trading methods without making huge commitments. As more money is placed, the broker minimizes the risk of future losses by lowering the leverage size. The company’s website has information on leverage requirements and a margin calculator.
JustForex Review: Payment Methods, Deposit, and Withdrawals
JustForex provides a variety of payment options to let clients make deposits and withdrawals quickly and easily. These methods include:
- Credit Cards
- Debit Cards
- Bank Wire Transfers
- eWallets
- Neteller
- Fasapay
- Alipay
- Sticpay
- Bitwallet
Depending on the method, the minimum deposit ranges from $1 to $500. After that, except for bitcoins, which have a set rate of 1%, all payments are free.
JustForex Review: Trading Platforms
Users at JustForex can trade on the MetaTrader 4 and MetaTrader 5 platforms for PCs and Web Trader platforms.
MetaTrader 4.
JustForex provides MetaTrader 4 platform for PC as well as browser. Clients can trade using the famous MT4 platform, best known for currency trading. Advanced charting, 30 technical indicators, nine timeframes, automatic trading, and other tools for real-time market analysis are all available on the MT4 dashboard.
For new traders, the user-friendly platform is ideal. To increase technical capability, JustForex just introduced a new MT4 server called JustForex-Live2.
MetsTrader 5
The MT5 platform provides a more advanced trading environment. Professional traders will benefit from the platform. In addition, 38 technical indicators, 44 graphical objects, 21 timeframes, one-click trading, built-in depth of market widgets, and an economic calendar are available on the MT5 dashboard.
Users can personalize and modify their dashboards to meet their requirements. On both platforms, MQL5 Signal Trading supports social investing.
MT4 and MT5 are available for download and use on Windows PCs, web traders, Android, and iOS devices. Wine allows you to run Mac OS, but you’ll have limited access to additional indicators and advisors. Third-party add-ons are not permitted on JustForex.
Mobile App
The broker does not have a mobile app of its own. The MT4 and MT5 mobile apps connect to the JustForex server. While the desktop version is the most convenient, the mobile solution is a wonderful option for investors who want to handle trades no matter where they are.
The mobile software has the same technical indicators, timeframes, and analytical charts as the desktop terminal. On the App Store (iOS) and Google Play, you can get MT4 and MT5 (APK).
JustForex Review: Education and Research
JustForex offers a variety of Forex articles and training videos on various themes suited for both novice and advanced traders. A Forex dictionary is also available to assist traders with market terms.
Stock Market Analysis, Forex Technical Analysis, Market News, Market Overview, Daily Forecast, and an Economic Calendar are all available with JustForex. Each analysis article contains important, in-depth information as well as trading suggestions.
JustForex Review: Customer Support
Customer service is available in four different languages, i.e., English, Indonesian, Malaysian, and Chinese, via Live Chat, Phone, Email, and messenger apps such as Telegram, WhatsApp, Skype, and others 24 hours a day, 7 days a week. After testing the Live Chat facility, the agent reacted swiftly and was knowledgeable.
- Email: [email protected]
- Live Chat Logo is given at the bottom of the site.
- Phone No.: +371 67 881 045 or +44 1418 461237
- Messenger: Telegram, WhatsApp, Viber, Skype, Messenger
The multilingual support team can handle most account and technical issues, such as forgetting your password or seeing ‘trade is disabled’ messages.
Conclusion
JustForex was created in 2012 and is a brand name of JF Global Limited, a St. Vincent and Grenadines-based firm. Client money is segregated, and the broker advertises a negative balance protection policy. Users can choose from seven different types of trading accounts, including commission-free, commission-based, Islamic swap-free, and even ECN accounts.
While the broker offers over 150 asset classes to trade on, including Forex ECN, Stocks, Indices, Commodities, and Bonds, access to some markets is limited based on the account type.
We recommend some best forex broker like primeFin, ABinvesting, InvestBy.
FAQs
Q1. Is JustForex a Legit Broker?
JustForex is a desirable firm for potential traders because it is a trustworthy trader that is good for both novice and experienced traders from various cultures.
Q2. How much time does it take to withdraw from JustForex?
1-2 hours during the Finance Department’s business hours. One banking day is the maximum processing time. JustForex retains the right to reclaim any reimbursement payments if there is no trading activity or if any type of misuse connected to the reimbursement policy is discovered.
Q3. How to get JustForex Bonus?
A trader must register for a Back Office and open a Welcome account in order to receive the Welcome Bonus. The bonus cash will be promptly applied to your account.
Q4. How to Verify JustForex Account?
Select “Verification” from the “Profile” menu. You’ve been sent to the main verification page. You may check your identification, address, and bank cards here. Go to the “Identity Verification” area and click the “Verify Now” option to validate your identification.
