JustForex
Pros and Cons
Pros
- Regulated by the International Financial Services Commission (IFSC) of Belize
- Diverse range of trading instruments including 80+ forex pairs, commodities, indices, stocks, and cryptocurrencies
- Trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5)
- Various account types with low minimum deposits starting at $10
- 24/7 customer support available in multiple languages
Cons
- Limited regulatory oversight, governed by a single authority
- U.S. traders are not accepted
- Restricted selection of financial instruments compared to larger brokers
- Occasional negative user reviews regarding withdrawal issues
- Lack of extensive educational resources for traders
Basic Information
User Reviews
JustForex Overview
JustForex is a forex broker established in 2012 and headquartered in Seychelles. Operating under the full name Just Global Markets Ltd., the broker has built a reputation over a period of 5-10 years. JustForex is regulated by the International Financial Services Commission (IFSC) of Belize, ensuring a level of oversight in its operations. The broker provides a platform for trading various financial instruments, primarily focusing on forex, while maintaining compliance with regulatory standards.
Is JustForex Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| International Financial Services Commission (IFSC) | Belize | Segregated Funds |
Is JustForex Regulated and How Are Client Funds Protected?
JustForex is regulated by the International Financial Services Commission (IFSC) of Belize, which provides a level of oversight in its operations. The regulation ensures that the broker adheres to certain standards for its activities. Client funds are protected through the use of segregated accounts, which means that clients’ deposits are kept separate from the broker’s operational funds. This practice aims to enhance the safety of client assets. While JustForex is governed by a single regulatory body, its reputation in the trading community suggests a commitment to maintaining trust and transparency in its dealings.
Trading Products and Services
What Trading Instruments Does JustForex Offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, Major & Minor Pairs | 80+ |
| Commodities | Gold, Silver, Crude Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US (e.g. Apple, Tesla), UK (e.g. BP, Vodafone) | Varies |
| Cryptocurrencies | BTC, ETH, LTC | 39+ |
JustForex provides a diverse range of trading instruments that cater to the varied needs of traders, from newcomers to seasoned professionals. The broker offers an extensive selection of forex pairs, along with commodities, indices, stocks, and cryptocurrencies, allowing traders to develop flexible trading strategies and build diversified portfolios. This variety ensures that traders can engage in markets that align with their trading styles and risk appetites, whether they are looking for short-term opportunities or long-term investments. Such comprehensive coverage of asset categories enhances the trading experience and provides users with the tools they need to navigate different market conditions effectively.
Account Types and Trading Conditions
What Account Types and Fees Does JustForex Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Standard Account | Beginners and experienced traders | No commissions, tight spreads | Minimum deposit of $10 |
| Pro Account | Experienced traders | Low spreads, no commissions | Minimum deposit of $200 |
| Raw Spread Account | Scalpers and day traders | Very low spreads with a commission per lot | Minimum deposit of $200 |
| Cent Account | Beginners | Micro lot trading for comfortable start | Minimum deposit of $10 |
| Islamic Account | Traders seeking swap-free options | Compliance with Sharia law | Available for Standard, Pro, and Raw Spread Accounts |
Account Opening Process
To open an account with JustForex, potential clients need to submit personal, employment, and financial information. This includes identity verification documents such as an ID and proof of address. The process is designed to be straightforward, allowing for account flexibility, such as the option to upgrade to a professional account in the future if desired.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for major pairs |
| Forex (Minor Pairs) | 1.2 | $0 | Competitive pricing |
| CFDs (Stocks) | Varies | $3 per lot | Based on stock volatility |
| Indices | Varies | $3 per lot | Depending on market conditions |
| Commodities | Varies | $3 per lot | Market-dependent spreads |
| Cryptocurrencies (BTC/USD) | 1.0% | 0.1% | Variable depending on volatility |
Other Fees
JustForex may charge additional fees including deposit and withdrawal fees, which can vary depending on the payment method used. Inactivity fees may apply if an account remains dormant for a specified period. There may also be overnight interest rates (swap rates) for positions held overnight, and currency conversion fees could apply when trading in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does JustForex Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 4 (MT4) | Windows, macOS, iOS, Android | Login security (encryption), multiple order types, technical indicators, price alerts | Demo accounts, API interface |
| MetaTrader 5 (MT5) | Windows, macOS, iOS, Android | Enhanced trading tools, one-click trading, real-time alerts, economic calendar | Demo accounts, API interface |
| Web Version | Any device with a web browser | Secure login, symbol lookup, market analysis tools | Demo accounts |
| Mobile App | iOS, Android | Convenient login, push notifications, market search | Demo accounts |
JustForex offers multiple trading platforms to meet the diverse needs of its users. The MetaTrader 4 and MetaTrader 5 platforms are known for their advanced trading capabilities, supporting both manual and automated trading. The web version provides flexibility without the need for downloads, while the mobile app allows traders to manage their accounts on the go. Each platform emphasizes secure login procedures and features that enhance the trading experience, such as real-time alerts and efficient search tools. Overall, JustForex ensures that traders have access to reliable trading solutions across various devices.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Credit/Debit Cards | Instant | No platform fee | Min $10, Max $5,000/day | USD, EUR, GBP |
| Bank Wire Transfer | 3–5 days | No platform fee | Min $100, Max $50,000 | USD, EUR |
| Cryptocurrency | Instant | 0.5% network fee | Min $10, Max $10,000/day | BTC, ETH |
| e-wallets (e.g., Skrill, Neteller) | Instant | No platform fee, 1.5% for deposits | Min $10, Max $5,000/day | USD, EUR |
Minimum Deposit
JustForex requires a minimum deposit of $10 for most account types, allowing traders to start with a low initial investment. This minimum deposit may vary depending on the account type selected, but is consistent across most payment methods.
How to Withdraw
- Log in to your JustForex account.
- Navigate to the ‘Withdraw’ section in your account dashboard.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw, ensuring it meets the minimum withdrawal limit.
- Confirm the withdrawal request and review any applicable fees.
- Submit your withdrawal request and wait for the processing time to elapse.
Customer Support
JustForex Customer Support Overview
Support Channels
JustForex offers multiple support channels to assist its customers effectively. Traders can reach out via:
- Email: Clients can send inquiries to support@justforex.com for assistance.
- Live Chat: A live chat feature is available on the JustForex website for real-time support.
- Telephone: Customers can contact the support team at +371 6788 1045 to speak with a representative.
- Callback Requests: Users can fill out an online form to request a callback at their convenience.
Service Availability
JustForex provides 24/7 customer service, ensuring that traders can receive help at any time. The support is available in multiple languages, including English, Russian, Spanish, and more, catering to a diverse clientele.
Frequently Asked Questions
JustForex is regulated by the International Financial Services Commission (IFSC) of Belize. Client funds are protected through the use of segregated accounts, which means clients’ deposits are kept separate from the broker’s operational funds. This practice aims to enhance the safety of client assets and ensure compliance with regulatory standards.
JustForex offers a diverse range of trading instruments, including over 80 forex pairs, commodities such as gold and silver, indices like the S&P 500 and NASDAQ, stocks from various markets, and over 39 cryptocurrencies. This variety allows traders to develop flexible trading strategies and build diversified portfolios.
JustForex provides several account types, including Standard, Pro, Raw Spread, Cent, and Islamic accounts. The minimum deposit required to open a Standard or Cent account is $10, while a Pro or Raw Spread account requires a minimum deposit of $200. This range of accounts caters to different trading styles and experience levels.
JustForex offers multiple support channels, including email support at support@justforex.com, a live chat feature on their website for real-time assistance, and telephone support at +371 6788 1045. Customer support is available 24/7 in multiple languages, ensuring traders can receive help at any time.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.