JustMarkets
Pros and Cons
Pros
- Regulated by CYSEC and FSA (offshore)
- Over 100 trading instruments including forex, metals, and indices
- Supports popular platforms: MT4, MT5, and proprietary trading app
- Competitive trading conditions with spreads starting from 0.3 pips
- 24/7 customer support available in multiple languages
Cons
- Not regulated by major authorities like FCA or ASIC
- Limited educational resources for advanced traders
- Withdrawal delays and processing issues reported by users
- High average spreads on certain instruments
- Limited range of trading instruments, lacking cryptocurrencies and ETFs
Basic Information
User Reviews
JustMarkets Overview
JustMarkets is a forex broker established in 2016 and headquartered in Seychelles. The company operates under the regulatory oversight of the Cyprus Securities and Exchange Commission (CySEC) and holds an offshore Retail Forex License from the Seychelles Financial Services Authority (FSA), ensuring compliance with international financial standards and enhancing its credibility in the trading community. This regulatory status provides a level of trust for traders seeking a reliable platform to engage in forex trading activities.
Is JustMarkets Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Cyprus Securities and Exchange Commission (CySEC) | Cyprus | Segregated Funds, Investor Compensation Scheme |
| Seychelles Financial Services Authority (FSA) | Seychelles | Segregated Funds |
Is JustMarkets Regulated and How Are Client Funds Protected?
JustMarkets is a regulated forex broker, holding licenses from the Cyprus Securities and Exchange Commission (CySEC) and the Seychelles Financial Services Authority (FSA). These regulatory bodies impose strict guidelines that ensure operational transparency and investor protection. Client funds are safeguarded through several mechanisms, including the segregation of client funds from the broker’s operational capital, which minimizes the risk of misappropriation. Additionally, the CySEC is known for its Investor Compensation Scheme, which offers further protection to clients in the event of broker insolvency. JustMarkets also implements robust security measures to ensure the privacy and integrity of client data. Overall, these regulatory frameworks and protections contribute to a safe trading environment for clients of JustMarkets.
Trading Products and Services
What trading instruments does JustMarkets offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, AUD/CAD, Major & Minor Pairs | 61+ |
| Commodities | Gold, Silver, Crude Oil, Natural Gas | 4 |
| Indices | S&P 500, NASDAQ, FTSE 100, DAX | 13 |
| Stocks | Apple, Tesla, BP, Vodafone | 165 |
| Energies | Crude Oil, Natural Gas | 3 |
JustMarkets offers a diverse range of trading instruments that cater to different trading preferences and strategies. With over 61 forex pairs, including major and minor pairs, traders can explore a variety of opportunities in the forex markets. Additionally, the availability of commodities such as gold and oil, along with indices and a wide selection of stocks, allows for robust portfolio diversification. Whether you are a beginner or an experienced trader, the extensive asset categories provided by JustMarkets support various trading strategies, from day trading to long-term investing. This flexibility ensures that users can adapt their trading approaches to align with market conditions and personal goals.
Account Types and Trading Conditions
What Account Types and Fees Does JustMarkets Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Standard Cent | Beginners | Low minimum deposit, micro lot trading | Ideal for small-capital practice and strategy testing |
| Standard | General Traders | Competitive spreads, no commission | Suitable for various trading styles with a low entry threshold |
| Pro | Experienced Traders | Low spreads, no commission, advanced trading tools | Requires a minimum deposit of $100, ideal for active traders |
| Raw Spread | Professional Traders | Direct market access, raw spreads, commission charged | Requires a minimum deposit of $100, suitable for high-volume traders |
| Islamic Account | Traders requiring Sharia compliance | Swap-free options | Available for all account types upon request |
| Demo Account | All Traders | Practice trading without financial risk | Available for unlimited time; perfect for testing strategies |
Account Opening Process
To open an account with JustMarkets, follow these steps: First, submit your personal information, including your name, email, and phone number. Next, provide employment information such as your occupation and employer’s details. After that, you will need to submit financial information, including your income sources and trading experience. Identity verification is crucial; you must provide a valid ID and a proof of address, such as a utility bill. The account setup is flexible, allowing you to upgrade to a professional account later if your trading volume qualifies.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.6 | $0 (ECN: $3 per lot) | Competitive spreads for major pairs |
| Forex (GBP/USD) | 0.8 | $0 (ECN: $3 per lot) | Good choice for swing and day traders |
| CFDs (Stocks) | 0.1 | $0.2 | Varies by stock; suitable for equity trading |
| CFDs (Commodities) | 1.5 | $0.2 | Includes oil and gold trading |
| CFDs (Indices) | 0.5 | $0.5 | Includes major indices like S&P 500 |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on market conditions |
Other Fees
Other costs associated with trading at JustMarkets include: deposit and withdrawal fees, which are generally absent; inactivity fees that may apply after prolonged account dormancy; platform usage fees, which are not applicable; overnight interest (swap rates) for positions held beyond the trading day; and currency conversion fees that may apply when trading in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does JustMarkets Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4 | Windows, macOS, iOS, Android | Two-factor authentication, multiple order types, technical indicators, price alerts | Demo accounts, VPS |
| MT5 | Windows, macOS, iOS, Android | Advanced charting tools, market depth, economic calendar, one-click trading | Demo accounts, VPS |
| Web Version | Any browser | Encryption, symbol lookup, real-time alerts | Demo accounts |
| Mobile App | iOS, Android | Biometric login, push notifications, quick order execution | Demo accounts |
JustMarkets offers a range of trading platforms tailored to various trader needs. MT4 is designed for simplicity and is suitable for beginner traders, while MT5 provides advanced features ideal for experienced traders who require multiple tools and analysis options. The web version allows for seamless access without installation, and the mobile app ensures traders can manage their accounts and receive real-time alerts on the go.
All platforms emphasize security with features like two-factor authentication and encryption. JustMarkets supports mobile trading through its app and web version, enabling efficient order execution and real-time notifications. The availability of demo accounts further aids traders in exploring the platform’s features without financial risk.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| SEPA (EU) | 1-3 days | No platform fee | Min 50, Max 10,000 | EUR |
| GrabPay (SEA) | Instant | No platform fee, 1.5% processing charge | Min 10, Max 20,000 | SGD, MYR |
| SPEI (LATAM) | 1-2 days | No platform fee | Min 100, Max 15,000 | MXN |
| Crypto (BTC, ETH) | Instant | No platform fee, network fees apply | Min 0.001 BTC, Max 5 BTC | BTC, ETH |
| Bank Wire (Global) | 3-5 days | $30 for international wires | Min 500, Max 50,000 | USD, EUR |
Minimum Deposit
JustMarkets requires a minimum deposit of $50 to open a trading account. This amount remains consistent across various payment methods and account types, ensuring accessibility for all traders.
How to Withdraw
To withdraw funds from your JustMarkets account, follow these steps:
- Log in to your JustMarkets trading account.
- Navigate to the ‘Withdrawal’ section in the client portal.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw, adhering to the limits.
- Confirm your withdrawal request.
- Check your email for a confirmation notification.
- Funds will be processed according to the specified times for your chosen method.
Customer Support
JustMarkets Customer Support Overview
Support Channels
- Email: Customers can reach the JustMarkets support team via email at support@justmarkets.com for any inquiries or issues.
- Live Chat: JustMarkets provides a live chat feature on their website, enabling customers to get instant assistance from support representatives.
- Telephone: For more direct communication, customers can contact JustMarkets at +248 46320271.
- Social Media: JustMarkets maintains a presence on various social media platforms, including Telegram, Instagram, and Facebook, where customers can also seek support.
Service Availability
JustMarkets offers customer support services 24/7, ensuring that traders can receive help whenever they need it. The support team is multilingual, providing assistance in several languages, including English, Spanish, Portuguese, Indonesian, and Vietnamese.
Additional Resources
In addition to their customer service, JustMarkets provides various educational resources to enhance the trading experience. These include video tutorials, webinars, market analysis, and trading signals, which can be invaluable for both new and experienced traders looking to improve their skills.
Frequently Asked Questions
Yes, JustMarkets is regulated by the Cyprus Securities and Exchange Commission (CYSEC) and holds an offshore retail Forex license from the Seychelles Financial Services Authority (FSA). This regulatory oversight enhances the broker’s credibility and ensures compliance with international financial standards.
JustMarkets offers a minimum deposit of $10, with leverage options up to 1:30 for retail clients and 1:300 for professional clients. The broker provides competitive spreads starting from 0.3 pips and commissions depending on the account type. Clients can trade a variety of instruments including forex, metals, indices, and shares through platforms like MT4 and MT5.
JustMarkets employs high security measures to protect client funds, including segregated accounts and advanced data protection protocols. Additionally, the broker adheres to strict regulatory requirements which mandate the safeguarding of client assets, providing traders with a secure trading environment.
JustMarkets offers 24/7 customer support through various channels, including live chat, email, and phone. Clients can reach out via email at support@justmarkets.eu or call +248 4632027 for assistance. The support team is available in multiple languages to cater to a diverse clientele.
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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.