JustMarkets Information
JustMarkets is a Cyprus-based forex broker, regulated by CYSEC and FSA (Offshore), offering a range of trading instruments, including forex, metals, energies, indices, and shares. They offer two account types with competitive spreads, a maximum leverage of up to 1:30 for retail clients and 1:300 for professional clients, and multiple deposit and withdrawal options without fees. The platforms available for trading include MT4/5 and its proprietary JustMarkets trading app, and they also provide a range of educational resources.
Pros & Cons
JustMarkets presents a well-rounded trading environment highlighted by its robust educational offerings that cater to both new and experienced traders with resources such as Forex Articles, Educational Videos, and a detailed Forex Glossary.
The platforms adoption of MT4/5 across multiple devices along with a proprietary trading app ensures that users have access to powerful trading tools and a flexible trading experience.
Competitive trading conditions are another significant advantage, featuring low spreads and various account types that can meet diverse trader needs effectively.
However, JustMarkets does not offer services to residents of the USA, France, Belgium, or those outside the EU, which significantly narrows the potential client base.
Overall, JustMarkets offers solid features for forex trading but may not be suitable for potential traders from restricted countries.
Is JustMarkets Legit?
JustMarkets is a legitimate forex broker, holding multiple regulatory licenses that enhance its credibility within the financial trading community.
The broker is licensed by the Cyprus Securities and Exchange Commission (CySEC) under an STP (Straight Through Processing) license, which ensures transparency in order execution.
Additionally, JustMarkets holds an offshore regulated Retail Forex License from the Seychelles Financial Services Authority (FSA).
These regulatory frameworks suggest a level of oversight and compliance with international financial standards.
Furthermore, JustMarkets commits to high security measures including client's funds protection, privacy protection, and advanced data protection.
These features collectively support the legitimacy of JustMarkets as a comparably secure platform for trading in the forex market.
Market Instruments
JustMarkets offers over 100 tradable instruments, including currency pairs, precious metals, energies, indices, and shares.
Account Types/Fees
Account types vary on the trading platform you choose.
If you choose the MT5 platform, you can have three account types, including Standard, Pro, and Raw Spread. See detailed info about account features in the table below:
If you choose the MT4 platform, you will have one more account choice, namely Standard Cent account. Find more details in the table below:
Additionally, JustMarkets accommodates all types of traders by offering both demo accounts for beginners or those looking to practice their strategies without financial risk, and Islamic accounts for those requiring compliance with Islamic financial regulations.
Leverage
In terms of leverage, JustMarkets offers up to 1:30 for retail clients and 1:300 for professional clients.
While high leverage can increase the potential for profits, it also significantly increases the risk of losses. Traders should be careful when using high leverage and consider their risk tolerance, trading strategy, and financial situation.
It's important to note that some regulatory bodies restrict the use of high leverage, so traders should check the regulations in their country or region.
Trading Platforms
JustMarkets supports MetaTrader 4 and MetaTrader 5 on desktop, mobile, and web devices.
Besides, JustMarkets has developed its own proprietary JustMarkets trading app, further enhancing the trading experience with a user-friendly interface and integrated trading tools designed to meet the specific needs of JustMarkets' clients.
Deposits & Withdrawals
JustMarkets accepts payments via e-wallets, bank cards, local payment methods, WIRE, etc.
Minimum deposit requirement varies on the account type. Specifically, 10 USD for the Standard Cent and Standard accounts, while 100 USD for the Pro and Raw Spread accounts.
All deposits and withdrawals are free of charge.
As for the processing time, JustMarkets claims to offer instant deposits and withdrawals within 1 minute.
Customer Service
Conclusion
In conclusion, for both beginners and experienced traders, JustMarkets offers various forex products and account types. Trading with minimal slippage and re-quotes is possible with STP execution for clients. MetaTrader 4/5, offered by JustMarkets, is an improved trading platform with a user-friendly interface and better charting capabilities. Additional helpfulness comes from educational materials and first-rate customer service. The advantages exceed the disadvantages, which include user exposure to issues and regional limitations. Put simply, JustMarkets is an excellent broker to consider.
Frequently Asked Questions (FAQs)
What trading platforms are available at JustMarkets?
Both MT4 and MT5 are availble on PC, Android, iPhone, and Web devices.
What is the minimum deposit requirement at JustMarkets?
$10.
Is JustMarkets a regulated broker?
Yes. JustMarkets is regulated by the FSA (offshore) and CYSEC.
At JustMarkets, are there any regional restrictions?
Yes. JustMarkets does not provide services to the USA, France, Belgium and non-EU residents.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
2022-12-20 05:50
2025-02-18 15:34