JustForex Review: Is this broker legit, safe and trustworthy for UAE citizens and residents?
JustForex is a well-known retail forex broker that was established in Saint
Vincent and the Grenadines. The company's primary target customers come from
emerging trading countries, and JustForex's headquarters are located in that
country. JF Global Limited is the brand name that has been used since the
company first opened its doors for business in 2012. JustForex has produced
seven distinct varieties of live trading accounts, which vary from
commission-free services to commission-based accounts, Islamic swap-free
accounts, as well as ECN trading accounts. All of the broker's customers are
given the opportunity to trade in more than 150 asset classes, including Forex,
ECN, stocks, commodities, indexes, and bonds.
Visit JustForex Website.
Additionally, the firm offers strong trading platforms, including as the widely known MetaTrader 4 and MetaTrader 5 trading platforms, both of which are downloadable for use on personal computers as well as mobile devices.
Additionally, the business has created a mobile trading application that can be used from any device running Android or Apple's iOS.
In this essay, we are going to go over all the important information there is to know about JustForex.
JustForex is a well-known CFD broker that does their business out of Saint Vincent and the Grenadines. JustForex is a brand owned by IPC trading inc.
The broker has achieved a great degree of popularity as a result of the fact that it provides all of its customers with high-quality trading services, job security, appropriate trading circumstances, and a wide choice of assets that may be traded.
Over 194 nations in Europe, Asia, Oceania, and Africa now have access to JustForex's forex trading platform.
The United Kingdom, Germany, Australia, South Africa, Thailand, the United States of America, and China are just some of the well-known countries that are represented by the broker.
Tweets by justforex
The broker states that from the official website, the average profit gained is seven times the original deposit, that 52 percent of the firm traders regarded trading with the company to be their principal source of income, and that 70 percent utilize it for research reasons.
The JustForex website caters to a clientele that spans 197 countries and several million traders.
JustForex has done an excellent job developing a trading platform that can be accessible through the company's main website, or it can be downloaded as software and used from a personal computer or a mobile device.
On the trading platform, the organization does not let any further third-party add-ons or software to be upgraded in any way.
The broker makes available two distinct trading platforms, one of which is known as MT4, and the other is known as MT5.
Users are given the opportunity to trade using the popular and widely used meta trader 4 trading platform. The following is a list of some of the perks and advantages:
Utilizing the one-click trading tool enables you to easily manage your account, including the ability to close, alter, and open orders.
Users have the ability to simultaneously study nine different time periods.
Your graphs and charts are fully customizable, and you can print them off.
EAs, also known as expert advisors, make it possible to conduct automated trading.
The users of the site have access to a variety of technical analysis tools, which allow them to gauge the depth of the market.
Get the most recent and up-to-date information whenever you want it. There is also the option of receiving notification alerts.
The traders will get trading signals that will allow them to mimic the order styles of their preferred traders and track the trades of those traders.
It is possible to combine all of these trading tools into a single very effective solution.
MetaTrader 4 Web Trader
The following is a list of some of the unique advantages and benefits:
Support that is available on a global scale and may be accessed using any web browser.
Powerful features such as the MetaTrader 4 platform include nine different time frames, thirty different indicators, graphical objects, and a wide variety of additional capabilities.
Desktop UI to handle your orders
The ability to trade with just one click
Charts can be customized.
Full forex compatibility
There is also support for use offline.
MetaTrader 5 for PC
Some of the unique benefits include the following:
You may trade on a variety of assets, including stocks, indices, currency pairings, and other instruments using a single interface. Some of these assets include stocks.
System or notification that provides instant alerts for updates to the news.
Trading with a single click as well as a drag-and-drop function
There are six different types of pending orders, including Buy Stop Limit and Sell Stop Limit.
a total of 21 different time frames, including M1, M5, M15, M30, H1, H4, D1, W1, and MN1.
44 items of graphical content
38 specialized indicators for doing market research and analysis
A market for automated trading systems and trading techniques
The strategy tester is available with a wide variety of configurations and clicks in real time.
A social network that regularly makes available new plugins and other enhancements made available by the firm
Services hosted on virtual servers, available at varying rates of execution
Trading signal subscription with a single click
Policies for the execution of partial orders and the filling of new orders
A widget that shows the depth of the market as well as an economic calendar are also provided.
JustForex is a mobile application.
A mobile trading program known as the JustForex app has also been created by the broker and is available for download on mobile devices running iOS and Android.
You may get it from the company's main website or through the app store that is appropriate to your operating system.
The JustForex mobile app provides access to each and every one of the specialized capabilities that are only found on the MT4 platform.
The following are some of the exclusive features:
Charts that are fully interactive and may be adjusted according to the user's requirements, including line, bar, and candlestick charts
9-time periods are available to trade on
Access to entire trade order suite
There are several windows that chart this manner.
On the mobile platform, you have access to all of the individualized indications that are available on the desktop version.
Additionally, financial news is supplied.
The fee that is assessed to a trader by their broker for the execution of various deals on the trader's behalf is referred to as the "JustForex commission."
The difference between the price at which something is being bid and the price at which it is being asked for is known as the spread charge.
The cost of trading with the organization varies depending on the market conditions, the asset class that is being dealt with, and the account type that you are utilizing.
Trading services are provided by some of the accounts at no additional cost, while other accounts charge a commission for placing trades.
Trading services are provided without the requirement of commissions on several accounts, including the standard, pro, and sent accounts. The ECN Zero account, on the other hand, is commission based and offered by JustForex.
The user will incur different spread costs depending not just on the market that is being traded but also on the type of account that they are using. In most cases, the spread charges will remain constant.
The level of leverage that is directed is determined by the asset class and the kind of account. The greatest leverage that is currently available is around 1:3000.
JustForex commits to offering customers a selection of payment options, which will facilitate the client's ability to make deposits to and withdrawals from their accounts in a straightforward manner. The firm does not levy any additional fees in connection with the depositing of monies.
The different trading instruments and asset classes available in a given nation are a direct result of the regulatory constraints that govern that nation.
You have the opportunity to trade on more than 154 different trading products if you choose JustForex as your broker.
The following are some of the several asset classifications that are permitted:
You can trade a variety of assets, including indices, currencies, and cryptocurrencies. Some of the assets you may trade include:
Coins such as Bitcoin, Bitcoin Cash, Dash, Eos, Ethereum, Litecoin, and Ripple are among those that are supported.
Approximately 57 different currency pairings can be traded for one another using our platform.
There are a total of seven different cryptocurrencies that may be traded for one another.
11 indices are included in the total number.
There are around 25 different futures that are available for trading in total.
The US 30, the US 100, the US 500, the UK 100, and the DE30 are all well-known examples of prominent worldwide indices.
A demo account, often known as a virtual trading account, is a simulation
that allows novice traders to practice using a variety of trading instruments
without actually having to open a real account.
The demo account offers access to all of the premium tools that can be found on the trading terminal. These tools have been hand-selected.
You will be exposed to a variety of trading techniques in addition to learning about various tracing methods, instruments, and worldwide forex markets. The firm does not levy any additional fees in connection with any of these premium capabilities.
This only indicates that the demo account could be made accessible at no cost to the user.
The following are some examples of the unique discounts and bargains that the firm makes available to all of its customers:
Free educational and learning programs that offer video classes, in-person question and answer sessions, and a variety of additional options and features
In addition, there is the possibility to practice trading techniques through the use of a demo account.
Price reduction for the brokerage
Flexible and variable brokerage plans
Promotional deals for all of the partners' referrals
Regulation or Licensing for JustForex.com
JustForexis is a brand name that was operated under the umbrella of JF Global Limited, which is a corporation that is registered in St. Vincent and the Grenadines.
However, despite the fact that the Financial Services Authority (also known as FSA) grants authorization to all foreign business enterprises, it does not exercise regulatory supervision over this particular corporation. Credexa Commerce LP serves as the primary payment agent for the company.
The business guarantees separate accounts, finances, and protection against
negative balances, despite the fact that it does not comply with any
JF Global Limited is a corporation that is registered in St. Vincent and the Grenadines. JustForex is a brand name that is used by JF Global Limited for conducting business.
However, despite the fact that the Financial Services Authority (also known as FSA) grants authorization to all foreign business enterprises, it does not exercise regulatory supervision over this particular corporation. Credexa Commerce LP serves as the primary payment agent for the company.
The business guarantees separate accounts, finances, and protection against negative balances, despite the fact that it does not comply with any regulations.
The following are some of the other accounts:
All traders at the novice level have access to a demo account so that they
may gain trading experience.
The Cent account is intended for new customers or those just starting out.
The mini account is designed to accommodate deposits of any quantity.
Traders that favor intraday trading, frequent inputs and outputs, and short-time working frames can take use of zero accounts that are offered to them.
A crypto account is required for every trader who want to engage in cryptocurrency transactions.
Exchange-free Islamic account available to all Muslim merchants who, by virtue of Sharia law, are prohibited from paying any swap fees.
JustForex is a genuine foreign exchange broker that operates out of St. Vincent and the Grenadines. Effectiveness, dependability, and flexibility were the guiding ideas that led to the establishment of the organization in 2012. Access to a select group of financial products is made available to JustForex. These financial instruments include CFDs for trading cryptocurrencies, shares, CFDs on shares, forex CFDs, and a few additional instruments.
Research conducted in Nigeria indicates that JustForex, an FX broker with headquarters in St. Vincent and the Grenadines, is a credible business. Effectiveness, dependability, and flexibility were the guiding ideas that led to the establishment of the organization in 2012.
When Emirati traders open an account with JustForex, they are granted access to a select group of financial products, some of which include CFDs for trading cryptocurrencies, shares, CFDs on shares, FX CFDs, and a few more instruments.
There is no official JustForex location in Lagos, Nigeria, and the company is neither regulated or authorized by the Central Bank of Nigeria. JustForex does not have a physical presence in Nigeria (CBN). Nevertheless, its liquidity is provided by 18 of the most important financial organizations in the world.
A comprehensive list of prices is generated and made accessible to consumers across all of the major trading platforms as a result of the large number of liquidity providers. The MetaTrader 4 and 5 trading platforms are available to each and every trader.
In addition to the many trading tools and market analysis that are available
to retail investors, there is also a selection of different account types for
retail investors to pick from. Managed accounts are also available.
The purpose of this JustForex review is to equip traders with the information they require to make an informed decision on whether or not the broker meets their specific trading goals and requirements.
JustForex is attractive to traders who are familiar with the MT4 and MT5 platforms and are searching for inexpensive prices since it offers a range of accounts with minimal deposits and narrow spreads. It is difficult to promote JustForex due to the fact that it is registered in St. Vincent and the Grenadines, a jurisdiction that does not monitor brokers and is, as a result, basically unregulated.
JustForex is a straight-through-processing (STP) broker that provides trading on indices, commodities, cryptocurrencies, share CFDs, futures, and more than 66 Forex pairs. This range of offerings should suit the needs of the majority of traders. JustForex offers seven live accounts for trading on the MT4 and MT5 platforms. The minimum deposit required for these accounts is simply one dollar, and the Cent Account has spreads of only 0.90 pips (EUR/USD). On its Pro and Raw Spread accounts, trading expenses are reduced even further, with spreads of 0 pips (EUR/USD) in exchange for a fee of 6 USD (round turn), with a minimum deposit requirement of 100 USD.
The quick customer support team at JustForex is accessible around the clock to assist with any technical or account-related questions, but the instructional information on the site is minimal, so traders will need to seek education elsewhere.
JustForex is registered as a business with the FSA of SVG, which does not apply any supervision of trading-related activities; consequently, any claims it makes regarding the security of funds cannot be proven. Despite the fact that it appears as though JustForex has a history of responsible behavior, the FSA of SVG does not apply any supervision of trading-related activities.
JustForex is essentially an unregulated broker. The company was established in 2012 and maintains its headquarters in St. Vincent and the Grenadines. Details regarding registration may be found down below:
JF Global Limited is a company that is licensed by the Financial Services Authority. Their address is Suite 305, Griffith Corporate Centre, PO Box 1510, Beachmont Kingstown, St. Vincent and the Grenadines. Their registration number is 23993. (FSA).
JustForex ensures its customers' financial security by placing their cash in separate bank accounts and providing negative balance protection. This implies that customers may lose all of their money, but the amount they lose cannot be higher than the current balance in their trading account. These assertions, however, are unable to be validated due to the fact that the Financial Services Authority of Saint Vincent and the Grenadines does not exercise any form of supervision over commercial transactions.
Even though JustForex has been in business since 2012 and has a large number of clients who are happy with their service, it is essential to keep in mind that dealing with an unregulated broker is fraught with high levels of danger. Since unregulated brokers are not subject to any form of official monitoring, it is impossible to verify any claims that they may make regarding their business practices. Additionally, several nations do not acknowledge JustForex as a reputable broker in their jurisdictions.
Trading costs charged by Justforex are cheaper than those charged by other brokers offering comparable services.
On both the MT4 and MT5 trading platforms, JustForex gives customers the option to choose from seven different live accounts with differing minimum deposits. Five of its accounts are commission-free, with the trading expenses being incorporated in the variable spreads. In contrast, the other two accounts feature a tighter spread in exchange for a fee that is paid for each lot that is traded.
The accounts offered by JustForex were analyzed so that their prices could be compared to those offered by other forex brokers. The expenses were determined based on the trading fees associated with one lot of EUR/USD (100 000 USD), which included the spreads and commissions.
For the sake of our computation, we chose to utilize one lot of EUR/USD as our benchmark because this currency pair is the one that is traded the most frequently and it typically has the smallest spread.
These calculations were done using the minimal spreads because JustForex does not make the information on the average spreads that are linked with each kind of account type publicly available.
You can see that JustForex provides three different types of Standard Accounts on MT4 and MT5, including an MT4 Standard Cent Account, by looking at the table that is located above. All of these accounts are considered beginner-level, and the minimum deposit required is merely one dollar.
All three of the Standard Accounts have trading expenses that are somewhat higher than the industry standard. The entry-level accounts offered by the majority of reputable forex brokers have trading costs of 9 USD each lot of EUR/USD traded. Nevertheless, despite the fact that there are no true minimum deposit restrictions to speak of, they are still suitable accounts for novice traders.
The four Pro Accounts have much lower transaction charges, however the minimum deposit required to open one of these accounts is now $100 USD.
Spreads at JustForex are variable, which means that they may become wider or tighter based on the number of trades and the volatility of the market. The spreads shown in the table above are the lowest spreads that can be charged.
The swap rate that is levied on positions that are held overnight is the
ultimate trading cost that should be taken into consideration at JustForex.
JustForex is entirely open and honest with regard to its overnight financing
prices, and each and every instrument's specific rate may be seen on the
For example, the charge to keep 1 lot of EUR/USD overnight in a long position on a Standard Account is -4.44, while the fee to store 1 lot of EUR/USD overnight in a short position is -0.09.
When compared to those of other brokers, JustForex's trading expenses are significantly lower overall. Although the recurring charges of Standard Accounts are marginally more expensive than those of other brokers, the minimum deposits are virtually nonexistent. The continuous trading fees associated with Pro Accounts are far lower than the industry standard; yet, the required minimum deposits are significantly greater than what a novice trader would be content to pay.
Non-trading Fees Charged by Justforex: The non-trading costs charged by JustForex are significantly lower than those charged by rival brokers.
The non-trading fees that brokers impose are among the trading charges that are most frequently disregarded by investors. These fees have the potential to severely impact your profitability and should, as a result, be thoroughly investigated.
In a market where costs are often attached to practically every transaction, the fact that JustForex doesn't charge any commissions on deposits or withdrawals is a very welcome development.
Nonetheless, after 151 days of inactivity, Just Forex will begin charging a cost of 5 USD each month; however, these inactivity fees are far lower than those charged by the majority of other brokers.
The procedure of creating an account and having it verified at JustForex is completely automated and paperless, and once an account is opened, it is instantly available for trading.
You will need to begin the process of registering an account with JustForex by going to the site and clicking on the "Registration" link. Once there, you will be prompted to enter your name, email address, and password.
The next step for traders is to fill out a profile with personal details, including their name, date of birth, and telephone number.
After that, traders are able to begin trading after depositing cash into their accounts.
JustForex requires the following papers in order for customers to enjoy the full range of services that are offered by JustForex and to be able to withdraw monies from their accounts:
Identification consists of high-resolution scanned copies or photographs of an identity document. This document must verify your person by displaying your full name, photo, signature, date of birth, and expiration date in a way that is easily readable, and it must be valid for at least six months from the time the application is submitted.
Address of Residence – High-resolution scanned copies or pictures of a document in which your full name and address are clearly visible and match the data provided in your profile. Address of Employment – High-resolution scanned copies or photos of an employment authorization letter. It is expected that the paper was released not later than three months ago.
Credit Card Verification It is not necessary to verify credit cards while using CUP (China Union Pay) cards. Note that card verification is only necessary if you wish to use Visa or Mastercard as a way of depositing and withdrawing money from your account.
In general, creating an account with JustForex is a completely digital and painless procedure, and once an account is opened, it is instantly available for trading.
Trading Accounts Provided by JustForex: JustForex offers a far greater variety of account types compared to the majority of brokers; nevertheless, the maximum leverage is rather high (up to 1:3000), which might significantly raise the danger of account wipeout for traders who have lesser minimum deposits.
When you take into consideration the fact that clients may choose between the MT4 and MT5 trading platforms, JustForex provides far more live account options than almost any other broker. Standard accounts have trading fees that are somewhat higher than average on average, whereas Pro accounts have trading costs that are comparatively low but have greater minimum deposits required.
Beginner traders will find the most success with one of JustForex's three Standard Accounts, which are available to them. Inexperienced traders who have never traded before or who have been trading for a period of time that is significantly shorter than a year are considered to be beginner traders. Beginner traders typically do not like to take unnecessary financial risks by trading huge quantities of money, and they also typically are unable to trade full-time during the workweek due to other obligations.
Despite having trading charges that are greater than the industry norm, the three Standard Accounts that are beginner-friendly offer modest minimum deposit requirements. The enormous leverage that is made available, which may go up to 3000:1 on certain currency pairings, is the primary drawback of the Standard Accounts and of JustForex in general. Beginner traders should exercise extreme caution because a leverage level of this high will considerably increase the danger of having their whole account wiped out. cheap minimum deposits
Traders with more expertise will find the range of four Pro Accounts to be of interest. These accounts offer significantly narrower spreads but demand a minimum deposit of one hundred dollars. One of these accounts has spreads of 0.6 pips on the EUR/USD currency pair and does not charge a commission.
On any account, hedging, scalping, netting, and copy trading are all acceptable trading strategies, and any account can be opened as an Islamic swap-free account.
We have combined the MT4 and MT5 accounts together because the trading circumstances are comparable, and this will make it easier for you to understand.
Standard Cent Account for the MT4 Platform: The MT4 Standard Cent account is intended for people who are just starting out as traders. The currency used for transactions on this account is the US cent. The lowest deposit required is one dollar (USD), the maximum leverage is one thousand to one, the spreads are average (beginning at 0.90 pips), and there is no commission fee. Take note that one lot is equal to one thousand US dollars, and that the minimum transaction order is for 0.01 penny lots.
Standard Accounts for MT4 and MT5: The Standard Account requires a minimum deposit of one dollar (USD). This account has a high maximum leverage of up to 3000:1, spreads begin at 1 pip on the EUR/USD currency pair, which is wider than the spreads offered by other brokers, no charges are paid, and the minimum transaction size is 0.01 lots.
Pro Accounts for MT4 and MT5: The Pro Accounts need a minimum deposit of one hundred United States Dollars. Spreads on EUR/USD start at 0.6 pips, which is a narrower spread than those offered by other brokers. Leverage is 3000:1, and accounts may be denominated in 11 different currencies. The minimum order size for Pro accounts is 0.01 lots, and there is no commission charged.
Raw Spread Accounts for MT4 and MT5: Raw Spread accounts are electronic communication network (ECN) accounts that incur a commission fee of three dollars per lot and side. This account requires a minimum deposit of 100 US dollars; the leverage is 3000:1; the spreads begin at 0 pips; and accounts can be denominated in a total of 11 different currencies. These trading expenses are also significantly less expensive compared to those of other brokers.
Free Trial Accounts: Simply simply registering a free sample account, JustForex gives traders the opportunity to evaluate the viability of their trading techniques. Demo trading is a form of trading that imitates the genuine Forex market. Traders are provided with a virtual currency balance of 5,000,000 USD and an infinite amount of time to acquire expertise on the Metatrader platforms. During this period, traders are free to use any and all account choices without running the danger of losing their actual funds.
Transactions for Deposits and Withdrawals: JustForex is an unlicensed foreign exchange broker, although the company claims that it complies with all anti-money-laundering norms and regulations. The trader must use either a bank account or a card that is registered in their own name in order to make a deposit; deposits from other parties are not permitted. When making withdrawals, you are required to use the same account or method that was used to deposit the funds.
With the exception of cryptocurrency transactions, JustForex does not impose any fees associated with deposits or withdrawals. The vast majority of deposits are processed instantly, while withdrawals typically take between one and two hours to be processed by JustForex during business hours.
Deposits may be made immediately and at no cost via bank wire transfers. Withdrawals do not cost anything, although there may be fees assessed by the bank, and the funds may not reflect for anywhere between three and six banking days.
Deposits made through local bank transfers are processed immediately and at no additional cost. The withdrawals are completely free, and the processing time ranges from one to two hours.
Deposits made with a debit or credit card are processed instantly and are free of charge. Withdrawals are not charged, although the processing time for withdrawals might take up to three business days.
Deposits are processed instantly and at no cost when using Worldwide Wallets like Skrill, Neteller, Perfect Money, or Sticpay. Withdrawals are not charged, although the funds may take up to two hours to appear in your account.
Deposits made using cryptocurrencies (such as Bitcoin, Bitcoin Cash, Ethereum, Tether, and USD Coin) are subject to a one percent fee and may take anywhere from one to three hours to reflect. Withdrawals from JustForex incur a Blockchain fee, and the processing time for these requests can range anywhere from one to two hours.
Local Wallets (such as Fasapay, Doku Wallet, Alipay, and Bit Wallet) — Deposits are free and quick with these wallets. Withdrawals are not charged a fee and typically take between one and two hours to appear in your account.
In general, JustForex supports a large number of different methods for financing accounts, and both deposits and withdrawals are completely free. In addition, JustForex's processing times are among the most expedient in the industry.
All Standard Cent, Pro, and Standard account holders are eligible for a bonus worth fifty percent of their initial deposit of one hundred dollars or more.
All Pro and Standard account holders are eligible for a bonus worth one hundred percent of their initial deposit of one hundred dollars or more.
Clients of Pro and Standard accounts are eligible for a bonus worth 120 percent of their initial deposit of at least 500 US dollars.
The first deposit is required in order to qualify for any bonuses. You may find further deals on the JustForex website.
Base Currencies (Trading Account Currencies). When compared to many other brokers, JustForex provides clients with access to a far greater variety of trading account currencies.
Although JustForex provides its clients with access to a wide variety of trading account currencies, the MT4 Standard Cent Account is only available with a currency denomination of US cents. The remaining six trading accounts are all denominated in one of eleven different currencies. These currencies are as follows: USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, and ZAR.
It is advantageous for Malaysian traders to have accounts denominated in MYR since they will most likely have bank accounts denominated in MYR and will thus be able to avoid incurring currency conversion fees on both deposits and withdrawals if they do so.
It is recommended, particularly for trading on assets such as the EUR/USD pair, that traders who trade in big quantities (more than 10 lots per month) register an account with a digital currency bank that is denominated in USD. This is the case regardless of the asset being traded. This is due to the fact that when trading a USD quoted currency pair with another currency account, a tiny currency conversion charge will be applied to each and every trade that is executed.
JustForex, in comparison to the vast majority of other prominent international brokers, provides clients with access to a wider variety of trading account currencies, including Malaysian ringgit accounts.
When compared to assistance offered by other brokers, JustForex's trading platform support is around par.
Both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms are supported by JustForex's services. They are the most extensively used platforms available, and despite their ease of navigation, they offer a broad array of features, charts, and analytical tools. MetaTrader provides feature-rich, user-friendly interfaces that are designed to suit all trading demands and increase trading success. It also enables instant and accurate access to worldwide financial markets.
Developed in 2005, MT4 is widely regarded as one of the most effective
trading systems available in the foreign exchange industry today. Utilizing a
dependable and practical user interface, MT4 makes it possible to earn money
trading foreign currencies. Indicators, professional advisers, and several other
instruments for real-time market analysis are supported by this feature.
Additionally, one has the ability to make their own instruments and distribute
them to other traders. Additional capabilities of MT4 include the following:
There are four distinct methods of order execution, which are referred to as Market, Limit, Stop, and Trailing Stop orders respectively.
Tools for superior charting in nine different periods
30 technical indications
23 items for analytical study
Automated trading, often known as algorithmic trading, is a method of trading that enables any trading strategy to be formalized and carried out in the form of an Expert Advisor.
Support for the consumer that is exclusive.
The most up-to-date trading platform that MetaQuotes Software Corp. has created is called MetaTrader 5. The more user-friendly MT5, which will eventually take the place of MT4, boasts substantial advancements in copy trading, mobile trading, and other cutting-edge features that streamline the process of trading account administration. Additional capabilities of MT5 include the following:
38 markers of technical status
44 items of graphical content
Trading with a single click
Widgets integrated within the market's depth
Although JustForex is the only broker that provides access to the Metatrader platform family, and these platforms are not as user-friendly for novice traders as the proprietary platforms provided by other brokers, MT4 and MT5 are widely regarded as two of the most effective third-party platforms currently available.
Trading on the Go with JustForex Mobile
When compared to other brokers offering comparable services, the mobile trading platforms provided by JustForex are around par. Mobile versions of MT4 and MT5 are available, but there are no other unique mobile trading systems offered.
JustForex provides support for the mobile trading programs MT4 and MT5 that are available for Android and iOS. Traders should be aware that there is a certain loss in functionality when compared to the desktop trading platforms. This loss in functionality includes reduced time frames and fewer charting options; however, traders are still able to close and modify existing orders, calculate profit and loss, and trade on the charts.
When compared to other forex brokers, JustForex provides traders with a more restricted selection of trading tools.
A social trading platform, managed account manager (MAM) accounts, and a virtual private server (VPS) hosting service are all supported by JustForex. The vast majority of alternative brokers, like Trading Central and Autochartist, also provide traders with supplementary tools to assist them in making more informed trading decisions.
Investors are able to follow the trading technique and imitate transactions made by experts, who are also referred to as signal providers, through the use of a service known as social trading. JustForex offers a directory of signal providers that have been ranked according to a variety of factors, including trading length, maximum drawdowns, best trades, and profit factor. The signal providers with the highest overall ratings are presented first on the list.
Beginner Forex traders typically model their trading strategies after those of more seasoned professionals. It cuts down the amount of time spent conducting market research and analytics before trading on the foreign exchange market. Traders who do not have the time to learn alone or make their own investing selections may benefit from participating in social trading.
MQL5 Signals is a tool that was developed by the same people who were responsible for creating MetaTrader 4. It gives followers the ability to imitate the trades of successful traders as well as the signals that those traders send out directly from the MetaTrader terminal.
JustForex provides its customers with the option to have an account manager trade on their behalf as part of the company's account management service. The Multi-Account Manager, often known as MAM, is a piece of software that enables fund managers, money managers, and portfolio managers to handle many trading accounts at the same time while still only making use of a single trading account.
The MAM program includes all of the functionality that are available on the standard MT4 platform. These features include the ability to use charting packages and expert advisors. Because all of the processing is done through a centralized server, hundreds of accounts may be swapped with just one click, and there is almost no delay in the distribution of resources.
ForexVPS: JustForex suggests making use of a virtual private server (VPS) solution offered by Vultr.com. Traders will be need to make direct contact with the VPS provider in order to obtain information on the fees that are involved with making use of the service.
VPS services guarantee that transactions are never disturbed by technological or connection difficulties, such as load-shedding or a loss in internet access. This is beneficial for algorithmic traders who need to be connected to a server around the clock in order to maximize their platform's uptime. Additional advantages of using the VPS service include the following:
24/6 VPS email support
24/7 Power redundancy for your virtual private server
24/7 Internet connectivity redundancy for your virtual private server
Connectivity with FP Markets' trading servers that has a low latency for precision trading
uninterrupted trading on the EA
In general, JustForex would be well served to add some additional trading tools to its existing arsenal in order to assist customers in making more informed trading selections.
Financial Instruments Provided by JustForex
In comparison to the vast majority of other brokers, JustForex offers a rather small selection of financial products; nonetheless, its Forex offering is above average.
CFD trading is available on a variety of financial assets with JustForex, including foreign currency (Forex), share CFDs, indices, futures, commodities, and cryptocurrency.
Forex: JustForex offers more than 65 different currency pairs for trading, which is a greater number than the majority of other brokers provide. There are three main currency pairs, three minor currency pairs, and three exotic currency pairs. These include the EUR/USD, GBP/USD, and USD/JPY pairs.
Share CFDs JustForex only provides trading in 63 different share CFDs, which is a small number when compared to the offerings of other prominent international brokers. The assortment that is offered comprises some of the most important exchanges in the United States, the United Kingdom, and Europe. Contracts for difference (CFDs) on shares are subject to dividends. They are added to trading accounts on the day before the day of the dividend payment that have open positions at 00:00 GMT+3 on the day before the day of the dividend payment.
JustForex clients get access to 11 different indices for trading, which is about equivalent to the number of indices offered by other brokers in a comparable market. The most widely used indexes are those that include the stock prices of a variety of the world's most successful and well-known corporations. The S&P 500, the FTSE 100, the NASDAQ 100, and the Dow Jones 30 are just few of the indices that fall under this category.
JustForex allows trading on ten different commodities, which is around the same number as the average number of commodities offered by other brokers. Metals such as gold and silver, as well as forms of energy such as Brent Crude Oil and Lite Crude Oil, are examples of commodities.
When compared to other brokers, JustForex's offering of 23 different futures for trading is about par for the course. The S&P 500 index, soft commodities like coffee, sugar, and cocoa, and European bond futures are all examples of futures.
Cryptocurrency contracts for difference (CFDs) can be traded on several of JustForex's account types. There are seven different cryptocurrency pairings that may be traded, some of which are Bitcoin, Ethereum, Litecoin, and Ripple. When compared to spreads offered by other typical fiat currencies, these margins provide a huge difference. When trading Bitcoin, it is not unusual for spreads to be as wide as 75 pips. However, spreads on other cryptocurrencies can vary substantially, so it is important to keep an eye on your margins if you trade these currencies.
When taken as a whole, the range of CFD trading instruments made accessible by JustForex ought to be considered the absolute minimum and does not meet the requirements of professional customers. On the other hand, JustForex allows trading on over 65 different currency pairings, which is a significantly larger number than what is typically provided by other brokerages.
JustForex for Beginners
The instructional resources provided by JustForex are of a subpar quality, and they are neither neatly arranged nor coherently laid out. On the other hand, the market analysis materials provided by Justforex are both up to date and useful on a regular basis. In addition to that, it provides limitless demo accounts and has a helpful customer care team that is ready around the clock to answer any questions regarding clients or technical issues.
Materials for Education and Learning
When compared to other brokers, the training resources provided by JustForex are scant, and the platform's layout is neither well-structured nor well-organized.
JustForex makes available to new traders a variety of instructional resources, such as training webinars, instructive videos, a dictionary of words, and a selection of articles.
Forex Articles JustForex provides a huge number of articles; nonetheless, despite the fact that the overall quality of the material is satisfactory, it might be challenging to locate the specific information that you want.
Educational videos JustForex's videos are consisting of 5 brief instructions on how to utilize the Metatrader platforms. JustForex's videos may be accessed on their website.
Webinars for training: Despite the fact that it advertises that it provides webinars, traders will only be able to locate a link to an archive of previously held webinars on JustForex's YouTube channel. There are no planned webinars for the foreseeable future.
The market analysis resources provided by Justforex are superior to those
provided by the majority of other brokers. They cover a wide range of topics and
are updated often.
In addition to providing daily predictions and an economic calendar, JustForex also offers an up-to-date Market Overview, Market News, and technical analysis of the market.
The in-house team of experts at Justforex gives information on the major events occurring on the market. All of these resources, which are updated on a regular basis and are freely accessible to any and all users that navigate to the website.
Traders also get various updates throughout the day, which can consist of brief fundamental summaries, technical trading alerts, and cryptocurrency analyses. These updates can come at any time during the trading day. There are sections that merely include text, while the remaining sections feature charts and trade recommendations.
JustForex also provides clients with access to an economic calendar, which is a complete log of all scheduled macroeconomic release dates.
JustForex provides customer service in a total of five distinct languages, including Russian, Chinese, Malay, Indonesian, and English. Help is provided through telephone, email, messenger, and live chat around the clock (only in the English language), and during business hours for those speaking Indonesian and Malay. JustForex also provides a call-back service as an additional alternative.
In the course of our research for this evaluation, we discovered that the customer support was prompt, kind, and incredibly helpful.
When it comes to evaluating the partners, we place a high priority on being open and transparent. We have released our evaluation methodology, which includes a full description of how we evaluate the product offering provided by JustForex. This was done to promote transparency to the forefront of the discussion. The assessment of the dependability of the broker, the trading platform that is made available by the broker, and the trading conditions that are made available to customers are all summarized in this review and constitute the core of that procedure. The performance of each of these factors is evaluated, and then an overall score is tallied and given to the broker.
Forex trading is fraught with peril, and every broker is obligated to inform its clients of the dangers inherent in the trading of forex-related contracts for difference (CFDs). JustForex would like to make sure you are aware of the following information: Trading in the foreign exchange market is associated with risk. Investments have the potential to both increase and collapse. You run the risk of getting back a lower amount than you invested. The performance of the past is not always indicative of future results. Customers using JustForex should be informed that there is a significant potential for financial loss while dealing on the foreign exchange market.
JustForex is a broker that uses the STP model, and it provides outstanding trading conditions across all seven of its live accounts, in addition to support for the MT4 and MT5 platforms. In addition, its non-trading costs are lower than those of other brokers in a comparable market.
While the market analysis resources provided by JustForex are of a high quality and are routinely updated, the instructional resources provided by the company are fairly restricted.
Consideration of JustForex by traders is complicated further by the fact that the platform is unlicensed. JustForex, on the other hand, asserts that client money are kept in separate bank accounts and that negative balance protection is provided to each and every customer, although none of these statements can be independently verified.
JF Global Ltd is the owner of the trademark JustForex. JF Global Ltd is an activity that provides online trading services on the Forex market and chances for traders with varying levels of trading expertise to generate revenue by trading financial products. JustForex is a part of JF Global Ltd.
With a registration number of 23993, the FSA in St. Vincent and the Grenadines has granted authorization and regulation to JustForex. Trading financial instruments derived from the foreign exchange market, as well as derivatives of commodities and other types of securities, is the primary focus of this organization.
JustForex is aware of the fact that every individual is distinct and possesses their own set of values, both in their capacity as traders and as partners. This is because JustForex is an international broker and works with clients from a variety of nations. When developing the numerous firm services, the JustForex team made sure to take into account the diverse clientele in terms of their cultures, ethnicities, trading experiences, and service needs. JustForex provides many categories of trading accounts together with an extensive range of trading instruments, allowing customers to choose the one that most closely corresponds to their own tastes.
JustForex makes it a point to be abreast of the most recent developments in the industry so that they may continue to develop and expand their offerings to traders and business partners. Their goal is to provide them with the chance to engage in the activity that they like most without being interrupted by anything else.
Professionalism, The team of specialists at JustForex have a solid financial background and a significant amount of combined years of expertise. This has been the foundation of the company's success. Customers can count on their staff to provide assistance whenever it's needed, as well as to create an optimal working atmosphere for them.
Reliability, JustForex customers receive only the quotations provided by the largest banks in the world. Their private and financial information is protected from being accessed by unauthorized individuals at any point in time. Each and every one of our clients is afforded complete safety against the possibility of a negative balance on their accounts.
A service known as social trading enables investors to imitate the trades of trading experts, also known as signal providers, and follow the trading tactics of other trading professionals. You may find a list of signal providers in the various rankings that are available. Traders decide to do business with it based on a variety of factors, including the trading period, the best trading, and the profit element. The signal with the highest possible ranking is shown at the top of the list.
With the assistance of MQL5 signals, you may profit from the foreign exchange market even if you have no prior trading expertise. You may have orders that are being placed by pros copied directly into your trading account.
Location: Second Floor, Reigate Building, Post Office Box 356 in Kingstown, Saint Vincent, West Indies
Justforex is a foreign exchange (forex) and contract for difference (CFD) firm that operates out of Saint Vincent and the Grenadines. Even though the broker asserts that it is "registered" with the SVG Financial Services Authority (FSA), prospective customers need to be aware that the FSA makes it abundantly clear on its website that it does not "Regulate, Monitor, Supervise or License" any companies operating in the foreign exchange brokerage industry. This information should be communicated to prospective customers. Because of this, JustForex ought to be regarded as an unregulated forex broker, just like every other forex broker that operates out of St. Vincent and the Grenadines.
All clients of JustForex have access to the full selection of underlying assets that this broker provides. This includes more than 60 of the most popular currency pairs, a sizable number of cryptocurrency pair options, and contracts-for-difference (CFDs) based on stock indices, precious metals, oil & natural gas, and a wide variety of agricultural commodities. For investors who are interested in trading in bond futures and single stocks of firms situated in the United States and Europe, this broker also provides the opportunity to trade in these types of financial instruments.
JustForex's service is pretty solid in this arena, despite the fact that it does not have the industry's broadest collection of cryptocurrencies available to choose from. This encompasses the vast majority of the most well-known cryptocurrencies, such as Bitcoin, Litecoin, and Ethereum, in addition to the cryptoassets EOS and Dash, which are less well-known. JustForex only allows trading in relation to the US dollar when it comes to any of the cryptocurrencies it provides.
JustForex has made the decision to stick with the tried-and-true and perennially popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, both of which are offered in versions that are compatible with desktop computers, the web, Apple iOS and Android mobile devices, and other mobile trading platforms. As is often the case, this makes it a great deal easier for traders to transfer from other brokers to JustForex, as it enables them to rely on a trading interface that is both familiar to them and to them.
JustForex gives its customers the option to select between three distinct account kinds, based on the amount of money they wish to deposit and the underlying assets they wish to trade. These account categories are as follows:
Standard Cent accounts on the MT4 platform need a minimum deposit of just one dollar, making them ideal for those who are new to forex trading or who simply wish to test the waters with a little amount of capital. This account comes with commission-free trading, which is a wonderful benefit since it enables novices to practice trading with little amounts of cash without having to worry about losing out on the commissions. The same is true for the Standard account, which is offered on both the MT4 and the MT5 platforms and differs from the Micro account only in that it allows for larger lot sizes.
When a trader makes a deposit of $100 or more, JustForex makes both a standard Pro account and an ECN-style Raw Spread account available to them. These accounts are designed for traders who have a bit more capital to spend. The Electronic Communication Network (ECN) account is usually popular among large traders because it does not come with wide spreads but rather costs a little commission price for each deal.
With the exception of the Standard Cent account, all of the accounts at JustForex come with a significant degree of leverage that can go as high as 1:3,000. This is one of the unique aspects of the company that makes it stand out. Be warned, however, that this level of leverage is far higher than what is recommended for any new trader to utilize. If a deal goes against your expectations in any way, it is possible that your whole trading account might be lost very rapidly.
For customers who speak English, JustForex offers round-the-clock customer service that can be reached via phone, email, or live chat. Having said that, the broker also offers specialized customer care lines for Malaysian and Indonesian clients, albeit with more restricted working hours. The customer care department of JustForex is also accessible via a number of well-known instant messaging services, including Telegram, WhatsApp, Facebook Messenger, and Line. This is an additional service that is provided by JustForex.
Overall, JustForex may very well be a choice for aggressive traders who are searching for the largest degree of leverage that is even remotely attainable. Because of the high level of leverage that is available with JustForex (up to 1:3000), even very little price shifts in a market can have a significant influence on the amount of profit or loss that is incurred. Because of this, one must proceed with the utmost caution. However, there is nothing prohibiting traders who have the self-control and expertise necessary to manage such a large leverage from putting their abilities to the test with JustForex.
JustForex, which is based in St. Vincent and the Grenadines and operates as a
retail Forex broker there, offers its services to retail traders who are located
in developing and emerging economies. JustForex uses a variety of marketing
strategies to attract more consumers, and one of these strategies is to offer
generous promotion terms to their clients.
According to the brokerage business, a customer registers for a new account almost once every eight seconds. The website of the firm reveals that the typical return on investment is seven times that of the initial capital contributed. In addition to this, fifty-two percent of traders consider it to be their principal source of revenue, and seventy percent of traders utilize it for the purpose of conducting research.
Let's investigate JustForex a bit more and see what company has to offer before we make a decision.
GM Global Limited, a company that is registered in St. Vincent and the Grenadines, is the company that owns the business known as JustForex. The second firm that is a part of this setup is called The Financial Services Authority (SVGFSA), and it is the one that authorizes international business corporations (IBCs). However, it does not offer much in the way of regulatory monitoring.
JustForex guarantees that all deposits made by customers will always be kept in a separate account, as is stated on their website. JustForex goes above and above to ensure the safety of its customers in a variety of different ways. One of these methods is the use of deep liquidity, which is provided by 18 global banks, and international security standards in order to satisfy the appropriate security demands. Additionally, there is protection for negative balances, but there is no insurance for deposits.
JustForex offers a variety of items that may be traded. These include more than sixty different currency pairings, ten different commodities, sixty-five different equity CFDs, and eleven different index CFDs. To reach a grand total of 183, the asset selection is finished off with 25 more futures contracts, which are spread throughout six different classes.
This product is highly helpful and enough for most retail traders, especially for the primary demographic that this broker has in mind when designing their services for their target audience.
JustForex provides its customers with a total of six distinct trading account options, some of which are Standard cent, Standard, Pro, and Raw Spreads. A practice trading account as well as an Islamic account that does not use swaps.
The basic account is a trading account that does not charge any commissions and has a minimum deposit of only one dollar. In addition, the account gives users access to a leverage of up to 1:3000 and contains spreads that begin at just 0.3 pips. You get access to trading on 65 different Forex pairs and eight different metals.
The pro account is a trading account that does not charge commissions and requires a minimum deposit of $100. In addition to this, you have access to a leverage of up to 1:3000, and the spreads on the account begin at just 0.1 pips. The customers have the ability to trade on 65 different Forex pairs, eight different metals, 11 different indices, two different energies, 65 different shares, and 25 different futures instruments.
The Raw Spread account is a trading account that is based on commissions and requires a minimum deposit of $100. This account offers leverage of 1:3000 with spreads that begin at 0 pips. This account gives you access to 65 currency pairings and eight different metals for trading.
JustForex offers another commission-free alternative called the cent account, which requires a deposit of at least one dollar. You will have access to a leverage of up to 1:1000, and spreads will begin at 0.3 pips. With this account, customers get access to 37 different currency pairings on the Forex market.
A trial trading account and an Islamic swap-free account are both available to customers of JustForex.
As a customer, you have access to a variety of various versions of the trading platform, including the most fundamental iteration of both the MT4 and MT5 trading platforms.
They provide a brief tutorial on how to use MT4 in an effective manner, which is located just beneath the introduction to the trading platform. One drawback, however, is that JustForex does not let any third-party add-ons to be utilized in the upgrading of the trading platforms. MQL5 Signal Trading is a social trading platform that works with MT5.
The majority of JustForex customers choose to conduct their business using the MT4 trading platform, which consistently ranks as the most popular option. On the other hand, MT5 is also readily available, which is evidence that the broker has made further investments in its infrastructure.
If you are a social trader, you have the option to make use of MQL5 Signal Trading, which is included within the MT4/MT5 trading platform.
You have the ability to trade with expert advisers as a customer, and you may utilize any of the thirty native indicators and analytical tools, such as the Line tool, Channel tool, Fibonacci and Gann tools, etc.
Additionally, JustForex provides its clients with access to a social trading network that operates on the MT5 platform. Therefore, all you need to do to track the transactions of traders whose network you are a part of is join that network.
You also have the option to download the JustForex MT4 platform application, which is compatible with both iOS and Android. The functions that are performed by the platform are comparable to those performed by the desktop platform.
The costs associated with trading on JustForex change based on the market that is being traded and the kind of account used.
While other accounts provide trading for a commission, others allow traders to trade without having to pay commissions. The Standard, Pro, and Cent accounts, on the other hand, do not incur any commission fees; the Raw Spread account, on the other hand, does.
You may earn 0.6 pip spread commission-free on EUR/USD trades if you have a Pro account. One may view this as a significant advantage. The Raw Spread account, on the other hand, shows 0.0 pips for a cost of three currency units of the base currency on either side, which comes to $6 for the EUR/USD pair.
The swap rates that apply to leveraged overnight positions are in effect, and equities and index CFDs are affected by business movements such as dividends, mergers, and splits.
The organization is committed to maintaining the highest level of openness and candor regarding all of the applicable credits and debits. If a client has not engaged in any trading activity for more than a period of one hundred fifty days, they are subject to a monthly inactivity fee of five dollars.
Although the prices for making deposits and withdrawals vary depending on the payment processor, the general charge structure is rather low.
Spreads starting at 0.1 pip increments may be found with the Pro account.
When you trade in the foreign exchange market with JustForex, you have the ability to employ a leverage size anywhere between 1:1 and 1:3000.
The maximum leverage available for the pro, standard, and raw spread accounts is 1:3000, whereas the highest leverage available for the cent account is 1:1000.
According to JustForex, the leverage will be adjusted to 1:200 for the given period for any trades started between Friday at 22:00 (GMT+3) and Monday at 02:00 (GMT+3), and the margin requirements will be computed accordingly.
JustForex allows customers to choose from a total of 25 different payment methods, such as credit and debit cards, online payment processors, wire transfers from local banks, and cryptocurrencies.
The processing times for deposits are immediate, while the processing periods for withdrawals are admirably rapid, with an interval of one or two hours in between each transaction. The fees that are applicable are determined by the payment processor that is most desired.
JustForex creates dozens of trading set-ups on a daily basis, each of which is separated into one of six categories. In general, the information on JustForex is concise, but it does provide charts and the necessary basic material for textual analysis, which ultimately results in sufficient study. The instruction is provided through a series of webinars, as well as through a comprehensive library of textual information and five shorter instructive movies. You may sign up for webinars and get access to the recordings of previous ones if you are a beginner trader.
JustForex provides clients with useful research resources, such as an Economic Calendar, Stock Market Analysis, Forex Technical Analysis, Market News, Market Overview, and Daily Forecasts.
Customer service at JustForex is offered in a number of different languages, including Chinese, Indonesian, Malaysian, and English. These services may be accessed through telephone, e-mail, live chat, and instant messaging programs like Telegram, WhatsApp, and Skype around the clock, every day of the week.
To entice new traders, JustForex provides a variety of generous incentive deals. The discounts might go as high as one hundred and twenty percent in some cases. However, in order to keep yourself out of trouble and ensure that you don't miss out on their incentive, it is strongly recommended that you read the terms and conditions beforehand.
In addition to this, JustForex provides new customers with a $30 welcome bonus and a $50 incentive for each person they refer to the company.
JustForex allows you a leverage of up to 1:3000, which is probably the most distinctive characteristic it provides. This is believed to be exceptionally high, and as a result, many regulators are able to provide traders the chance to obtain greater value for their money. However, it is important to keep in mind that trading with leverage is not something that should be done by all traders, and it is especially not something that should be done by first-time traders. If leverage trading is done at all, it should be done with the utmost caution because it can result in significant losses and irreparable damage.
The fact that JustForex provides its customers with incentives is just another advantage supplied by the company. It's possible that they'll change depending on the conditions, but most of the time, they'll present a substantial incentive that acts as a shrewd approach to bring in new customers.
Saint Vincent and the Grenadines-based JustForex is a foreign exchange broker
Finding a trustworthy JustForex review, either locally or globally, may be a challenging procedure, particularly when it comes to locating a comprehensive list from a reliable and trustworthy source.
JustForex has provided the following comprehensive evaluation in order to assist you in making an educated decision before to creating an account with them or trading on their platform.
A firm that gives traders access to platforms that enable them to purchase and sell different currencies is known as a foreign exchange (Forex) broker.
Retail forex brokers and currency trading brokers are both names that refer to the same type of business. Retail currency traders, on the other hand, employ these brokers to acquire access to the round-the-clock currency market so they may speculate.
Institutional clients and huge corporations such as investment banks can also take use of the forex broker services that are available.
JustForex is a foreign exchange broker firm that was established in 2012 in Belize as a brand of IPCTrade Inc. and now has its headquarters in Kingstown, Saint Vincent and the Grenadines.
It is a currency broker that is registered with the Financial Services Authority in the jurisdiction of St. Vincent and the Grenadines. It provides a number of trading alternatives through its use of the MetaTrader 4 platform.
JustForex has built a fantastic name for itself and seems to provide its customers with high-quality services, the stability of work and trading circumstances, and a wide choice of items that may be traded.
Due to the fact that JustForex offers a diverse selection of trading accounts and conditions, even seasoned investors are able to locate the one that is optimally suited to their particular trading technique.
Traders are able to make use of JustForex's superior analytical resources, which are available on the company's official website. This facilitates the trading process and makes it simpler. All of these are offered at no cost to guests who come to see us.
JustForex provides its customers with a broad selection of common payment methods, a large number of financial instruments, narrow spreads, no restrictions on trading tactics, and a variety of mutually advantageous partner programs.
Awards bestowed upon a forex broker firm by prestigious organizations or magazines have a great deal of weight in the industry of foreign exchange broker companies.
There is no mention of any formal awards on the homepage of the JustForex website, despite the fact that many satisfied clients have provided personal testimonials in which they gave the JustForex brand a positive rating.
A trading account owned by a trader with a firm such as JustForex that is primarily issued with the goal of trading currencies is known as a forex account.
Typically, the number of accounts and types of accounts that a trader is permitted to open with a broker firm will vary depending on the country in which the brokerage is based, the trader's country of residence, and the regulatory authorities under whose jurisdiction the firm is authorized to conduct business.
In the case of JustForex, the company provides its customers with a selection of account kinds, each of which comes with a unique combination of account currency, leverage, spreads, commissions, and other perks.
There are now six distinct account types available at JustForex, and they are as follows:
Practice Account for JustForex
This account is intended to meet the requirements of novices and newcomers. It provides new customers with the opportunity to learn the fundamentals of trading as well as lessons in the form of simulated market conditions.
The only difference between it and a live account is that the customer executes transactions with virtual cash rather than real money.
A Cent Account with JustForex: Because it uses cents as its base currency and makes it possible for rookie traders to participate in the market without taking on excessively high levels of risk, this account has also been developed specifically for new customers who have little to no prior trading expertise.
Mini account available with JustForex: This trading account is tailored to the needs of investors who desire the flexibility to make deposits of any quantity and trade in any amount. This account does not need a minimum deposit, there are no commissions paid, and you are allowed to utilize a large number of currency units.
JustForex offers a free ECN account: This account is designed for more experienced traders who favor intraday trading, which involves frequent inputs and outputs as well as short time frames for work. Although it demands a minimum deposit of $500, it is best suited for scalpers.
Account with JustForex for Cryptocurrency: This trading account is tailored solely to those individuals who are interested in trading on cryptocurrency units as the primary trading instrument. It employs the United States dollar (USD) as its base currency, and it charges a fee on trades in addition to having no minimum deposit requirement.
Account on JustForex that is Islamic: The Islamic sharia rule, which forbids currency exchanges, served as the inspiration for the creation of this account.
The majority of their transactions are processed in a short amount of time, however there are a handful that may take up to five banking days. In the event that the currency of your deposit is not the same as the currency of your account, the amount of your deposit will be translated using the JustForex internal exchange rate.
When you register a trading account with JustForex at the Cent or Mini level, the company requires a minimum investment of just one dollar (USD), but if you want to trade at the Pro level, you will need to make a deposit of five hundred dollars (USD).
There are also a variety of methods available to withdraw funds, and the average processing time for these withdrawals is between one and two hours.
However, the length of time it takes for the cash to be credited to an account once a withdrawal has been processed and released might differ from case to case because it is dependent on the payment method that was used. The costs charged to withdraw money from JustForex change depending on the payment type used.
The amount of money spent on trading is determined by a number of variables including fees, spread, and margins.
The difference between the bid rate and the asking rate for a currency pair is known as the spread for that pair. A point of interest (pip) is the smallest possible change that can occur in a currency exchange rate. For currency pairs in which the Japanese yen serves as the term currency, one pip is equal to 0.01, but for all other pairs, one pip is equal to 0.0001.
Margin refers to the minimum quantity of funds that must be present in an account before a position may be opened. The current price of the base currency in relation to USD, the size (volume) of the position, and the leverage that has been applied to your trading account are all factors that go into the calculation of margin.
Commissions are the fees that a trader must pay to an investment broker in exchange for the broker's assistance in conducting transactions on the trader's behalf. The amount of commissions charged will fluctuate from one broker to the next, as well as depending on the asset that is being traded and the kind of service that is being provided by the broker.
Traders often pay lesser commissions when they work with execution-only brokers, which are defined as brokers that do not offer any kind of personalized financial advice and who grant traders full authority over the manner in which they trade the markets.
Trading contract for differences (CFDs) is a sort of derivative trading that enables traders to speculate on the increasing or falling prices of fast-moving global financial markets. However, trading contract for differences (CFDs) on shares will result in the payment of fee.
Trades in contracts for difference (CFDs) made on other markets don't incur commission fees, but they do add a spread on top of the price of the underlying asset.
Spreads and commissions are the primary sources of revenue for JustForex, depending on the kind of account. However, transactions may be carried out very quickly with JustForex despite the fact that the spreads are believed to be quite minimal.
JustForex does, in fact, levy fees both for deposits and for periods of inactivity. You will be able to take advantage of the narrow spreads offered by JustForex, which are among the most competitive available in this market. This is true regardless of whatever account you decide to open.
Leverage refers to the facility that enables a trader to create a position with a considerably bigger exposure to the market in comparison to the amount of money that they first placed in order to do so. Leveraged products like this amplify a trader's potential profit, but they also raise the trader's potential loss, which is to be expected.
The level of leverage is typically stated as a ratio, such as 50:1, 100:1, or 500:1. If a trader has a trading account balance of $1,000 and is trading ticket sizes of 500,000 USD/JPY, then that trader's leverage is equivalent to 500:1.
JustForex provides a maximum leverage of 1:3000 for its customers to use.
Forex brokers typically entice new traders with offers of enticing deposit incentives in order to grow their trading accounts. This could be helpful, but it is very necessary to determine what a legitimate bonus is.
A bonus of this kind is just a method of compensating traders for selecting a certain broker, given that once the account is established, the trader will be subject to the same costs as any other participant in the market.
Once the trader has demonstrated that he is an active trader, he will be eligible to get the bonus, which is just a reward for the trader's decision that will reimburse part of the trader's costs.
Customers should be aware that no deposit bonuses are an excellent way to get started trading, but they frequently come with ridiculous terms such as having to trade a certain volume of currency before they can make any kind of withdrawal, even if they make a profit from trading with the bonus money. Customers should avoid no deposit bonuses at all costs.
In addition, the European Securities and Markets Authority (ESMA) has imposed investor protection requirements on the promotion, distribution, or sale of CFDs to retail clients as of August 1, 2018. These regulations have been in effect since that day.
These ban brokers from providing the retail customer with any payment, monetary or excluding non-monetary advantage regarding the promotion, distribution, or sale of a CFD, other than the realized profits on any CFD that is offered. This can happen either directly or indirectly.
It would appear that JustForex provides a bonus on deposits of more than one hundred dollars equal to one hundred percent of the amount deposited.
Trading Environments, Applications, and the Functions They Offer
The forex trading software that is made available to customers of a broker firm and is referred to as the platform is what customers actually utilize to execute their transactions.
When referring to a platform, the term "multi-asset" refers to the fact that it enables customers to trade not only foreign exchange but also other asset classes, such as contracts for difference (CFDs) on stocks, stock indices, precious metals, and cryptocurrencies. A platform may also be multi-lingual.
What a customer wants to trade will play a significant role in determining which trading platform they should go with; thus, this factor will also be one of the factors they use to select a broker.
JustForex supplies its customers with the MetaTrader 4 trading platform, which enables users to conduct account monitoring and market analysis in addition to trading on a variety of financial instruments.
Access to the platform is available on personal computers (PCs), via a web-based version, and via mobile applications for mobile devices running iOS and Android.
JustForex is a retail Forex broker that gives traders access to the foreign
exchange market and provides excellent trading conditions on accounts such as
Cent, Mini, Standard, ECN Zero, and Crypto. JustForex also provides traders with
a large selection of trading instruments, a leverage of up to 1:3000, tight
spreads, market news, and an economic calendar.
JustForex is a retail foreign exchange (FX) and contract for difference (CFD) broker that provides the MT4 and MT5 trading platforms. The online brokerage supports a wide variety of trading strategies, including scalping and hedging, among others. The bonuses, spreads, and other types of accounts are discussed in our analysis. Determine if it is in your best interest to create a genuine account with JustForex.
St. Vincent and the Grenadines is the location of the company's headquarters, and it was founded in the year 2012. JF Global Limited, the company that owns the brand, provides over 170 different trading instruments across four different account types to accommodate traders of varying experience levels.
JustForex is one of the most well-known brokers in Asia, with customers hailing from 197 different countries and millions of clients. Traders from the United States, Japan, and the United Kingdom are not permitted to open accounts with JF Global Limited.
A trustworthy company, the broker has received hundreds of excellent ratings on various internet platforms. Despite this, JustForex is a registered International Business Company with the Financial Services Authority (FSA), despite the fact that the company is not regulated (IBC).
MetaTrader 4 and MetaTrader 5 are two of the most advanced trading platforms available from JustForex.
Customers get access to the widely used MT4 platform, which is most commonly used for trading on the foreign exchange market. Advanced charting features, 30 technical indicators, 9 timeframes, automatic trading, and other tools for real-time market analysis are all supported by the MT4 dashboard. Traders just starting out will benefit greatly from the platform's intuitive design.
In addition, JustForex has just just introduced a brand new MT4 server known as JustForex-Live2 in order to increase its technological capability.
The MT5 platform provides a more advanced and convenient trading environment. The platform caters more effectively to experienced market participants. The MT5 dashboard provides support for one-click trading, built-in depth of market widgets, an economic calendar, one-hundred-eighty-four graphical objects, twenty-one timeframes, and thirty-eight technical indicators.
Users have the ability to modify and improve their dashboards to better meet their own requirements. Both of these platforms enable social investment with MQL5 Signal Trading.
Both MT4 and MT5 are available for download and use on Windows PCs, as well as webtrader, Android, and iOS devices. Wine makes Mac OS accessible, but users have restricted access to newly developed indications and advisers.
Please be aware that JustForex does not support add-ons provided by other parties.
The JustForex platforms provide access to more than 170 different trading products and diverse assets, including:
There are 65 main, minor, and exotic currency pairings available on the Forex market, such as GBPUSD, EURUSD, and USDZAR.
There are now seven different cryptocurrencies, including Bitcoin, Ethereum, and Ripple.
Futures - 25 futures i.e. NAS100 Future, Crude Oil Brent Futures Index - 11 indices i.e. NASDAQ 100, S&P 500, FTSE 100
Stocks – 65 shares, including Apple, Facebook, and Hilton Energy – 2 energies, such as Brent Crude Oil and WTI Light Crude Oil Stocks – 65 shares, such as Apple, Facebook, and Hilton Worldwide
Metals - 8 metals i.e. gold and silver
Prices, Commissions, and Spreads
JustForex's spreads are competitively low and move freely across all accounts. Spreads on Standard Cent and Standard accounts begin at 0.3 pips, while spreads on Pro accounts begin at 0.1 pips. Users of the Raw Spread account, on the other hand, enjoy spreads that begin at 0 pips. Live spreads on key currency pairings, such as GBPUSD and EURUSD, have an average of 0.7 and 0.6, respectively, depending on the kind of account used. The spreads on indices like the NASDAQ 100 and the Volatility 75 index are both set at 1.0.
The broker does not levy any commissions on any accounts except than the Raw Spread account, which levies a price of three units of the base currency for each lot and side.
When compared to other reputable brokers like Exness, HotForex, XM, OctaFX, and FBS, the commission rates offered by JustForex are among the most affordable of those companies.
JustForex provides leverage of up to 1:3000, although the amount varies depending on the kind of account used. Therefore, customers are able to engage in a variety of trading techniques without being required to make substantial investments. As more money are deposited, the broker will lower the magnitude of the leverage, which will result in a reduction in the risk of potential losses. On the website of the organization, you can find information regarding the leverage requirements as well as a margin calculator.
The broker does not provide its clients a bespoke mobile application. Despite this, both the MT4 and MT5 mobile applications are able to connect to the JustForex server. Even though the desktop application provides the most user-friendly experience, investors who want to be able to handle their trades regardless of where they happen to be will find that the mobile solution is an excellent option. The mobile app, much like the desktop terminal, provides users with the same kinds of analytical charts, timeframes, and technical indicators.
At JustForex, you may choose from a wide variety of payment options, including the following:
Visa/Mastercard – immediate
Bank transfer – 3-6 business days
Local wallets such as Fasapay, Alipay, and Bitwallet are also instant, as are e-wallets such as Skrill, Neteller, Perfect Money, and Sticpay. Instant or up to one day processing times are offered by local banks in Malaysia, Indonesia, China, and South Africa.
Bitcoin, Bitcoin Cash, Ethereum, Ripple, and Gemini Coin are examples of cryptocurrencies. One to three hours for US Dollar Coins
The minimum deposit required might be anywhere from one dollar to five hundred dollars, depending on the method. Every payment method is free, with the exception of cryptocurrency transactions, which incur a one percent flat rate fee.
The techniques that can be used to make deposits can also be used to withdraw money. In addition to the timescales provided by the payment provider, all transactions are handled within one to two hours of their respective completion times. The various withdrawal methods each have their own unique fees. For instance, there is a cost of 2.4 percent plus €2 associated with the card alternatives. Withdrawal minimums can be anywhere from $1 to $500.
JustForex provides a demo account that allows users to practice trading with up to $5 million in virtual currency. Users are able to put their trading techniques to the test in actual market conditions without having to risk losing any money. Only the webpage of the back office offers traders the opportunity to establish a demo account. After you have received the login details for your demo account, you will be able to practice using the MT4 and MT5 platforms with any account type. When users feel they are ready, they are free to switch to a real-life account.
It is well knowledge that JustForex provides customers with ongoing promotions, online trading competitions, Christmas rebates, and welcome incentives. For instance, traders have the chance to gain a substantial bonus of 100 to 200 percent of their investment. In the past, the broker offered a free $30 Christmas welcome bonus for new customers with no deposit necessary. In addition to that, the broker provided Nigerian customers with a special discount code.
At the moment, the broker is conducting a campaign that awards a bonus of 120 percent, up to a maximum of $40,000.
JustForex, as a whole, provides a plethora of options to pick up additional trading income. Users only need to register on the promotions page of the broker in order to take part in any of the bonuses being offered. Before making a claim, users should always read the terms and conditions first.
In the past, the International Financial Services Commission in Belize oversaw JustForex's operations. On the other hand, JF Global Limited has been registered in St. Vincent and the Grenadines as an International Business Company under the auspices of the Financial Services Authority (FSA) from the year 2017. (IBC).
Despite this, the firm operates as an unregulated forex broker due to the fact that the FSA does not monitor, oversee, or grant licenses to IBCs that participate in online forex trading. After more than eight years since its founding, this review would have preferred to see JustForex come under the jurisdiction of a well-established regulatory organization.
Users get access to regular market analyses, daily projections, and news in order to influence their trading decisions.
Learning Center The learning center provides new traders with access to educational films, a forex glossary, and frequent webinars. All of these resources are beneficial to novice traders.
Forex competitions are offered, both live and in a demo version, by the broker. During demo contests, participants are not required to make a cash deposit of any kind; yet, they will still earn valuable trading experience and have the opportunity to win prizes. Live forex contests need players to make a financial deposit, but they provide a more extensive selection of rewards.
Standard Cent, Standard, Pro, and Raw Spread are the several types of accounts that are available to individuals that are just starting out:
Standard Cent - The Standard Cent account is one that has been developed specifically with inexperienced traders in mind. Members are limited to trading on the MT4 platform, which offers more manageable trade sizes. The bare minimum required for a deposit is $1.
Standard The Standard account does not charge any commissions and has tighter spreads than the other accounts. This trading account is compatible with both the MT4 and MT5 platforms, making it appropriate for use with any trading strategy. The bare minimum required for a deposit is $1.
The Pro account is by far the most well-liked choice available. It provides tight spreads, large leverage, and no fees, making it ideal for experienced and professional traders because of its target audience. The bare minimum required for a deposit is $100.
Raw Spread This account, which was upgraded from JustForex's ECN Zero account, is the optimal choice for scalpers because it has a raw spread. Despite the fact that there is a fee attached to transactions, spreads start at 0 pip levels. In addition, you will have access to each and every trading instrument with this account. The bare minimum required for a deposit is $100.
Islamic merchants also have the option of opening an account without swaps. Users have the option to open accounts in the following currencies: USD, GBP, EUR, IDR, CNY, MYR, KWD, and ZAR.
Verification of an individual's identity documents and successful completion of Know Your Customer (KYC) procedures are prerequisites for opening a live account. After completing registration, you will be able to access the back office by logging in through the site.
Before you sign up for a live account with MetaQuotes, make sure you read and understand the user agreement. The website of the broker will provide you with access to the terms and conditions.
The hours during which each market is open for trade are predetermined. Monday through Friday, trading in forex, indices, equities, and commodities is possible around the clock. On the JustForex website, you'll discover information on the trading hours for each individual asset.
Information on how to get in touch with the team that provides customer support:
Please call us at the following numbers for assistance: +371 67 881 045 or +44 1418 461237
Messengers: Telegram, WhatsApp, Viber, Skype, Messenger, Line
Customer service is available around the clock, seven days a week, in four different languages: Chinese, Indonesian, and Malaysian.
The multilingual support team is able to assist customers with the majority of account and technical questions, such as what to do if they forget their password or run into an error that says "trading is disabled." JustForex also has a detailed website for frequently asked questions.
The address of the brokerage company's headquarters is as follows: JF Global Limited, Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont, Kingston, St. Vincent and the Grenadines.
JustForex's security procedures are completely above board. The monies belonging to each customers are held in separate bank accounts. In addition, the broker provides safety for data transfer by utilizing SSL encryption and hosts a hierarchical network of servers that are equipped with data backup. In addition to that, JustForex offers security against having a negative balance.
JustForex is a market maker that offers a commendable selection of trading products in addition to affordable spreads beginning at 0 pip increments. Additionally, the broker provides access to the industry-standard MT4 and MT5 trading interfaces across all account types. Although some people might be afraid to begin trading with an unregulated broker, JustForex is committed to maintaining comprehensive security measures and consistently obtains excellent evaluations and comments from customers.
JustForex welcomes traders from most nations, including the United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, and Qatar, as well as Australia, Thailand, Canada, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, and most other countries.
Traders located in the United States, the United Kingdom, Japan, the Russian Federation, or Belarus are unable to utilize JustForex.
Justforex is a registered business in St. Vincent and the Grenadines under
the name JF Global Limited. The firm was established in 2012 and uses the brand
name Justforex. The broker provides a total of seven distinct trading account
kinds, including commission-free accounts, commission-based accounts, Islamic
swap-free accounts, and even ECN trading accounts. These account types are all
available to clients.
Despite the fact that the broker makes available more than 150+ asset classes on which to trade, including Forex ECN, Stocks, Indices, Commodities, and Bonds, access to certain markets is contingent on the kind of account that is established. Users of Justforex have access to the widely-known MetaTrader 4 and MetaTrader 5 trading platforms for personal computers (PCs), as well as the MetaTrader mobile trading app, which is compatible with mobile devices running Android and iOS.
Users get access to a broad variety of educational and analytical materials, as well as publications pertaining to the market. Additionally, the broker advertises social trading features in addition to a wide variety of bonus and promotional offers.
Justforex is a brand name that belongs to JF Global Limited. JF Global Limited is a corporation that is registered in St. Vincent and the Grenadines and is not regulated because of this. The broker, on the other hand, promotes a number of features, including the separation of customer money and a policy that protects against negative balances.
Depending on the trading account that a user chooses to open with Justforex, they are given the opportunity to trade on more than 150+ different assets, including Forex ECN, Stocks, Indices, and Commodities.
Justforex gives clients the opportunity to choose from one of seven distinct trading account types, including Standard, Pro, ECN Zero, Cent, Mini, a demo trading account, and an Islamic swap-free trading account.
This is a commission-free trading account with a minimum deposit of only $100, access to leverage of up to 1:3000, and spreads beginning at just 0.1 pips. Users get access to 57 Forex pairs and two metals for trading purposes.
This is a commission-free trading account with a minimum deposit of $500, access to leverage of up to 1:3000, and spreads starting as low as 0.1 pips. Users have the ability to trade on 57 different currency pairings, 4 different metals, 11 different indexes, 2 different energies, 65 different shares, and 25 different futures products.
ECN Zero Account: This trading account charges a fee and requires a minimum deposit of $500. It provides access to a leverage ratio of up to 1:500 with spreads that begin at 0 pip increments. This account gives users access to 84 Forex pairs and 2 metals for trading purposes.
Tweets by FXStreetNews
Tweets by financemagnates
Tweets by CoinMarketCap
A demo trading account and an Islamic account that does not include swapping are both available from this broker.
Users need only click the button labeled "Registration" or "Open Account" to initiate the opening of any type of trading account. The following registration form will pop up when you do this:
After you have obtained your Back Office details, you will be able to log in and then create the details of both your Demo and Live accounts. After obtaining one of these, one may use it to log into a live or demo trading account on the desktop, mobile, or web-based versions of the MT4 platform.
Justforex complies with the standards that check the details of account holders as well as the protocols that govern the processing of payments. In order to achieve this goal, users are required to pass the Know Your Customer, commonly known as KYC, verification processes. Additionally, users are required to have approved payment methods that can be validated.
Justforex makes available to its customers a comprehensive selection of payment methods, which enables them to make deposits and withdrawals in a streamlined manner. These payment methods include credit and debit cards, bank wires, and a number of different e-wallets, such as Fasapay, Neteller, Alipay, Sticpay, and Bitwallet, amongst others.
Depending on the method, withdrawals can take anywhere from one to two hours and come with a variety of different fees.
Users of Justforex have the option to trade using the MetaTrader 4 and MetaTrader 5 platforms for personal computers (PC), in addition to the MetaTrader 4 Web Trader platform.
MetaTrader 4 for PC
Users have the ability to trade using the industry-standard MetaTrader 4 for PC. This comes with a number of benefits and opportunities for improvement.
From the Back Office, you can also download the versions of the Justforex MT4 platform that are compatible with iOS and Android. When you click on the proper link, you will be sent to the appropriate app store, where you may finish downloading the app.
The following is a list of what is included with the MT4 mobile apps:
Fully interactive charts including line, bar, and candlestick charting options, with the ability to move between them.
You may trade using up to 9 different periods.
You have access to a comprehensive trade order suite.
Display of many chart windows at once.
You are able to make use of the identical technical indications that are available in the desktop edition.
Additionally, free financial news is made available.
The following is a list of other features that are included in the trading suite offered by Justforex:
A forex virtual private server solution that is provided by Vultr.com. This service, which has a latency of less than 1 millisecond (ms), comes highly recommended by the Justforex team. On this particular virtual private server, having VPS services means faster transaction execution and reduced downtime overall. In addition to this, it means improved safety as well as the capacity to execute automated trades around the clock without affecting trading execution time or slippage.
A social trading network that uses the MT5 trading platform as its foundation. Justforex traders have the ability to easily join the network, choose the traders whose trades they wish to follow, and possibly make a passive income from forex trading.
The charges of trading with Justforex change according to the market that is being traded and the type of account that is opened. There are accounts that don't charge commissions to trade, and there are accounts that charge commissions to trade. But the Standard, Pro, Cent, and Mini accounts don't charge commissions for trades, but the ECN Zero account does. The ECN Zero account is the only exception (however, the commission amount is not listed on the website).
Spreads and swaps may be discovered, along with further information, on the website of the broker. The spreads and swaps can change based on the market that is being traded and the kind of account that is opened.
Customer service is available 24 hours a day, seven days a week by live chat, phone, email, and several instant messaging applications such as Telegram, WhatsApp, Skype, and more. English, Indonesian, Malaysian, and Chinese are the languages supported.
Location of the head office: Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont, Kingston, St. Vincent and the Grenadines JF Global Limited
Phone: +44 1418 461237
Justforex provides its customers with access to a comprehensive assortment of research, such as Stock Market Analysis, Forex Technical Analysis, Market News, Market Overview, Daily Forecast, and an Economic Calendar.
Justforex offers a variety of articles and educational videos related to the foreign exchange market (Forex) that cover a broad range of topics and are appropriate for traders of all experience levels. A Forex glossary is also made available to traders by the broker in order to assist them understand the jargon that is exclusive to the market.
According to our views, the trading product provided by Justforex is straightforward and appropriate for both novice and experienced traders equally. Users have access to a total of seven distinct trading accounts, some of which are free of charge while others charge a fee. Users also have access to a demo trading account and Islamic accounts that do not need swaps to be paid.
Traders may also make use of Forex VPS services and participate in social trading by clicking on the button labeled "MetaTrader Signals." Both novice and experienced traders have the opportunity to benefit from the bonus and promotion opportunities provided by the broker, as well as the accessibility of the industry-leading MetaTrader 4 and MetaTrader 5 trading platforms for personal computers (PCs) and mobile trading applications (mobile trading apps).
Justforex provides customer service in English around the clock, which is quite helpful for all kinds of traders. The research and education tools include an abundance of features and a high level of specificity.
Where is the Justforex headquarters located? JF Global Limited, Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont, Kingston, St. Vincent and the Grenadines is the location of Justforex's headquarters.
How does Justforex generate revenue for itself? Justforex generates revenue from various tradable asset classes via spreads, swaps, and fees on certain asset classes.
What are the steps for making a deposit into my Justforex account? The use of a debit or credit card, a wire transfer from your bank, or any one of a number of electronic wallets, such as Fasapay, Neteller, Alipay, Sticpay, or Bitwallet, are all acceptable methods for adding funds to a trading account.
What is Justforex's minimum required deposit amount? Justforex requires a minimum investment of 1 USD from customers.
What are the steps to getting money out of Justforex? It is possible to make withdrawals from Justforex using a debit or credit card, a wire transfer from your bank, as well as a number of other e-wallets, such as Fasapay, Neteller, Alipay, Sticpay, and Bitwallet, among others.
What is the maximum amount of leverage that JustForex allows? Justforex provides a maximum leverage of 1:3000 for its customers.
How can I get started with Justforex as a new customer? On the Justforex website, creating an account is as simple as clicking a button and following a few on-screen instructions. The process takes only a few minutes.
Justforex is a registered business in St. Vincent and the Grenadines under the name JF Global Limited. The firm was established in 2012 and uses the brand name Justforex. The broker makes a point of advertising the separation of customer money as well as a policy that protects negative balances. Users have access to seven distinct types of trading accounts, including commission-free accounts, accounts with commissions, Islamic swap-free accounts, and even ECN trading accounts.
Despite the fact that the broker makes available more than 150+ asset classes on which to trade, including Forex ECN, Stocks, Indices, Commodities, and Bonds, access to certain markets is contingent on the kind of account that is established. Users of Justforex have access to the widely-known MetaTrader 4 and MetaTrader 5 trading platforms for personal computers (PCs), as well as the MetaTrader mobile trading app, which is compatible with mobile devices running Android and iOS.
Users of the MetaTrader platform have access to social trading services as well as Forex virtual private server services. In addition to this, users get access to a broad variety of educational content, including market analyses and video tutorials. A number of the bonus and promotion offers made available by the broker, in addition to the fee-free deposit methods, will appeal to traders of all experience levels, including novices and experts alike.
JustForex is a well-rounded broker since it keeps a competitive price
environment, offers high leverage, does excellent research, and educates its
clients. Traders are provided with the MT4 and MT5 trading platforms, as well as
ZuluTrade and a proprietary copy trading service. JustForex caters to the needs
of asset managers with the MAM module, offers lucrative cooperation
opportunities, and places a strong emphasis on incentives. I conducted this
analysis of JustForex to assess whether or not company lives up to its claims of
providing quality, professionalism, and dependability. Is JustForex a broker
that you ought to take into consideration?
JustForex is a retail Forex broker that operates out of St. Vincent and the Grenadines. The company's primary clientele are retail traders hailing from developing economies. It employs substantial discounts to attract new customers, and the broker estimates that there is a new customer opening an account around once every eight seconds. Their website claims that the typical return on investment is seven times the initial sum deposited, that 52 percent of traders view it as their principal source of income, and that 70 percent of traders make use of the research available on the website. JustForex provides its services to millions of traders in 197 different countries, according to the website.
JustForex is a corporation that is owned by JF Global Limited, and JF Global Limited is registered in St. Vincent and the Grenadines. Despite the fact that it does not participate in regulatory monitoring, the Financial Services Authority (FSA) grants authorization to international business corporations (IBCs). The role of the payment agent is played by Credexa Commerce LP.
According to what is claimed on the JustForex website, all client deposits are kept in separate accounts. Deep liquidity, which is provided by 18 different banks all around the world, and worldwide security requirements are also components of JustForex's customer protection strategy. There is protection against negative balances, but there is no insurance for deposits. There is no mention of outside auditors anywhere in this document.
JustForex is an international business corporation that is based in St. Vincent and the Grenadines.
At this particular broker, the cost structure is derived from a mix of spreads and commissions. The environment of publicized prices is one of competition; nevertheless, this only applies to a small number of assets. The Pro account provides its users with a commission-free EUR/USD spread of 0.6 pips, making it an attractive alternative to other trading platforms. For the same currency pair, the Raw Spread option displays 0.0 pips for a cost of three currency units of the base currency per side, which is equivalent to €6 for the EUR/USD.
Swap rates are applied to leveraged overnight positions, and stock and index CFDs are affected by business events such as dividends, mergers, and splits. JustForex is completely open and honest about all applicable credits and debits, which it then passes on to its customers. If there has been no trading activity for a period of 150 days, a fee of $5 per month is assessed for inactivity. The payment processor determines the fees associated with deposits and withdrawals, however the total price structure is rather low.
Spreads starting as low as 0.6 pips may be found with the Pro account.
JustForex now offers trading in 65 different currency pairings, seven different cryptocurrencies, ten different commodities, 65 different equities CFDs, and 11 different index CFDs. The selection of assets, which spans six classes and is completed by an additional 25 futures contracts, comes to a grand total of 183. This product is enough for the majority of retail traders, and particularly for the core target market of this broker, which has traditionally been comprised of individuals who manage smaller portfolios.
The highest leverage that traders can use is 1:3000, and they have access to 183 different assets to trade.
JustForex gives customers a choice between three different commission-free account options and one raw spread alternative. Both the Cent and the Standard accounts have a low minimum deposit requirement of simply one dollar or its equivalent in another currency. The Pro and Raw Spread accounts, which offer a suitable trading environment and have a low opening deposit requirement of only $100, are designed to accommodate traders with smaller portfolios. JustForex now provides customers with the option of swap-free Islamic accounts.
JustForex gives traders the option to choose from four different account types.
Traders have the option of using either the MT4 or MT5 trading platform's most fundamental version. It provides a concise tutorial on how to use MT4, which is a welcome addition, and places it just underneath the first explanation of the trading platform. Unfortunately, JustForex does not let any third-party add-ons to be utilized in the process of upgrading the trading platforms. The MT4 and MT5 versions of MQL5 Signal Trading offer social trading.
At JustForex, the MT4 trading platform is still considered to be the best available option.
The leverage of up to 1:3000 that is supplied by JustForex is quite large considering the number of regulators, and it can provide traders with the possibility to acquire more for their money. This feature is perhaps the most distinctive perk that is provided by JustForex. However, it is important to remember that trading with leverage is not something that every trader should do and that if it is done at all, it should be done with the utmost caution because it may also result in substantial losses.
In the course of our research for this JustForex review, we came across a number of useful features, one of which was the company's provision of incentives to its clientele. These bonuses may take on a variety of forms, but they often function as an effective incentive to test out the service.
JustForex creates hundreds of trading set-ups every day, and organizes them into six distinct categories. In general, the content is concise, but it does include graphics as well as the key written analysis that is required, which results in research that is acceptable. Education is provided through web-based webinars, a sizable collection of textual information, and five informative movies of varying lengths. Research and education play an important part at JustForex, as is seen from the work that has been put in by the company.
Across its six different divisions, JustForex comes up with dozens of different trading ideas.
The creation of new accounts is done through the use of an internet application. Verification is required to be completed after gaining access to the back office in order to be in compliance with AML and KYC regulations. This phase is often finished with a photocopy of the trader's identification document and one document serving as evidence of residency.
The process of opening a new account adheres to the industry's standard operating procedure.
JustForex allows customers to choose from a total of 25 different payment methods, such as credit and debit cards, online payment processors, wire transfers from local banks, and cryptocurrencies. The processing times for deposits take place instantaneously, while the processing periods for withdrawals range between one and two hours. This is an impressively quick turnaround time. The fees that are charged are determined by the payment processor that is most desired. The selection, in its entirety, is of very high quality.
The processing time for deposits is immediate.
JustForex has eye-catching data on its website and provides a trading environment and educational opportunities that are satisfactory. It continues to be ahead of many of its competitors in this area because of the work put in to give honest research along with hundreds of trade suggestions each day. The emphasis will continue to be placed on developing markets, which have traditionally had more modest portfolios than developed economies. JustForex makes an effort to close the gap through the use of substantial incentive promotions. Because of the breadth and depth of the services it offers traders, particularly those with deposits of less than $1,000, it is a realistic option.
JustForex is a retail Forex broker that gives traders access to the foreign exchange market and provides excellent trading conditions on accounts such as Standard Cent, Standard, Pro, and Raw Spread. JustForex also provides a diverse selection of trading instruments, a leverage that can go as high as 1: 3000, tight spreads, and market news. JustForex provides the best possible trading circumstances for its customers by giving them access to all of the trading tools and methods they could possibly need, offering low spreads, and providing a high degree of leverage. There are now a number of distinct sorts of accounts that may be opened, each with its own unique set of trading terms and conditions.
JF Global Limited is an offshore business that is licensed in St. Vincent and the Grenadines, and it is the owner of the forex trading platform known as JustForex.
The reality of the matter is, however, that Saint Vincent and the Grenadines are an offshore zone. Despite the fact that they do register financial investment firms, however, the constraints they impose on corporate operations are very lax, if not nonexistent. This indicates that the broker is not regulated, is not supervised, and does not comply with stringent international laws that are designed to provide traders with protection measures.
The Justforex website is accessible via mobile devices, including smartphones. Traders are able to make use of any capabilities and activities at any moment thanks to the interface's convenience and user-friendliness. All of these actions, as well as opening an account, managing withdrawals, reading analytics, and completing verification, may be carried out on a mobile device.
A risk-free practice trading account may be established with JustForex.com. Demo trading is a simulation of genuine trading on the Forex market that is designed for the purposes of practice and education. The demo account does not call for any investments and is completely free to use. Gaining expertise in online trading, practical skills in dealing with MetaTrader, and the ability to test your strategy without taking any risks are all possible outcomes.
Simply put, JustForex is a reliable broker that does not charge any fees for making deposits or withdrawals, has low spreads, and provides new customers with a bonus when they sign up.
Sites like JustForex in the UAE
Here is a list of quality Forex, CFD, Stock and Crypto Brokers for new and professional traders living in the UAE:
- Olymp Trade - People simply love this one (Olymp Trade Review)
- Binance - World's largest cryptocurrency e-wallet and exchange that also has an online trading platform, where their members can invest or trade in virtually hundreds of cryptocurrencies and new tokens. (Binance Review)
- IG Markets UAE - UK broker located at Tower 2, Level 27, Al Fattan Currency House, DIFC. (IG Markets UAE Review)
- City Index Middle East - London-city broker with a branch in the UAE. (City Index Middle East Review)
- eToro - Social trading platform, but much better options are available out there. (eToro Review)
- Swissquote - It's a Swiss bank that offers an online trading platform for forex and CFD trading. (Swissquote Review)
- easyMarkets - Israeli brand that is big all over. (easyMarkets Review)
- Forex.com - Google ranks them in the top 10 for the term "forex". (Forex.com Review)
- Plus500 - UK brand that has its own platform, OK for CFDs, with mediocre reviews. (Plus500 Review)
- AvaTrade - Regulated by ADGM's Financial Services Regulatory Authority (FSRA) in Abu Dhabi. (AvaTrade Review)
- FXCM.com - Oldest brand when it comes to retail online forex trading. (FXCM.com Review)
- Mashreq Neo - An online trading platform provided by Mashreq Bank. (Mashreq Neo Review)
- ForexTime (FXTM) - Owned by Andrey Dashin from the Alpari broker fame. (ForexTime FXTM Review)
- Noor Capital - Licensed and Regulated by the UAE Central Bank and SCA. (Noor Capital Review)
- XM.com - XM broker is big in Africa and South East Asia, and now promoting themselves hard in the UAE. (XM.com Review)
- Saxo Bank - Danish Investment Bank with a long history of catering for premium forex investors. It also provides crypto trading facility. (Saxo Bank Review)
- Pepperstone - Originally Australian, but licensed locally by Dubai Financial Services Authority. (Pepperstone Review)
- CMC Markets - UK-based broker that is popular among CFD traders. (CMC Markets Review)
- ETX Capital - UK broker that has a decent reputation among Arab investors. (ETX Capital Review)
- Interactive Brokers - American online-trading broker that is expanding into Asian and Arab markets nowadays. (Interactive Brokers Review)
- Rakuten Securities - Japanese broker that usually looks out for large institutional investors. (Rakuten Securities Review)
- Dukascopy Bank SA - Swiss bank that offers online forex trading on its own proprietary platform. (Dukascopy Bank SA Review)
- IQ Option - It's a below-average broker with no Dubai office, but does have a toll-free virtual number for UAE: 800 032 0891 -> No Arabic, English only. (IQ Option Review)
Reviewed by Arpita Singh
Arpita Singh is the main writer at ForexBroker.ae. As a senior investment professional with 10+ years of experience working at top-tier Private Equity and Sovereign Wealth Fund; she is also responsible for fact-checking concepts, reviews, and related details about brokers and exchanges listed on this website. Full Bio.