JustForex Forex Trade Platform and Broker Review

JustForex Forex Trade Platform and Broker Review

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JustForex Broker Review

JustForex is an international broker that offers various trading accounts and a wide choice of trading instruments, allowing traders of various types to find the most suitable trading conditions. 

JustForex was first founded in 2012 and is headquartered in St Vincent and the Grenadines. JustForex currently has 73 employees.

 

Overall Rating

4.4/5

Rated #72 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FSA

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

90

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Is JustForex Regulated?

Yes, JustForex is regulated by the IFSC in Belize and by the Financial Services Authority (FSA) as an International Business Company (IBC) in St Vincent and the Grenadines. 

According to the official website, JustForex is under regulation for offering its investment and financial services under the auspices of the FSA and IFSC regulatory mandates. 

JustForex’s regulations guarantee relatively good client protection measures.  The broker stores client funds in segregated accounts to avoid financial mismanagement and the internal procedures of the company are based on the PCI DSS security standard. 

Is JustForex Regulated in the United States?

No, JustForex is not regulated in Virginia or any other US state. 

Is JustForex Regulated in Europe?

No. JustForex is not regulated in Europe.  

Is JustForex regulated in a Tier-1 Jurisdiction?

According to the JustForex website, JustForex is not regulated under Tier-1 jurisdiction. 

The licensing afforded by this jurisdiction provides participants to operate with a regulatory mandate in Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Israel, Japan, Luxembourg, Netherlands, New Zealand, Norway, Puerto Rico, Singapore, Sweden, and Switzerland.

Is JustForex regulated in Tier-2 Jurisdiction?

According to the official JustForex sources, JustForex is not regulated under Tier-2 jurisdiction. 

Tier-2 jurisdiction provides participating brokers the regulatory mandate to operate in the British V.I., Cayman Islands, Cyprus, Italy, Malaysia, Mexico, Poland, Portugal, Spain, and Taiwan.

What are the Platforms and Tools for Forex Trading in JustForex?

JustForex provides traders with the complete MetaTrader suite from MetaQuotes, consisting of the MetaTrader 4 and MetaTrader 5 platforms.  

  1. MetaTrader 4 from JustForex is available for download from the broker on PC, Android, iPhone, and WebTrader. The platform supports indicators, expert advisers, and other tools for real-time market analysis. You can create your instruments and share them with other traders.
  2. MetaTrader 5 is also available from JustForex to download on PC, Android, iPhone, and WebTrader. MetaTrader 5 is popular for its more intuitive interface, and it offers considerable improvements in areas of copy trading, mobile trading, and other innovative features that make trading account management more streamlined. 

Does JustForex Have a News Blog for Forex News?

Yes. JustForex offers comprehensive market updates under the Market News section on its website. Users can browse regularly updated and insightful fundamental analytics on the most important news events from the global economy.  

Does JustForex Have a Traders Dashboard?

No, JustForex does not offer a Traders Dashboard. This type of platform software is made available by some brokers to provide a central portal from which traders can monitor several different streams of market and currency analysis. 

Does JustForex Have an Educational Section?

Yes, JustForex has an education system for Forex Traders. To join the learning system, traders need only enter the Learning Centre which is available for free from the broker’s website. 

What is the content of JustForex Forex Education?

The Learning Centre from JustForex has several different categories, consisting of Online Webinars, Forex Articles, a Forex Glossary, Educational Videos, and a dedicated Currencies section. 

The online webinars consist of 14 lectures which include the following topics:

  1. Trading with moving average indicator
  2. Technical Analysis
  3. Secrets of Fibonacci 
  4. News trading explanation
  5. Risk management basics
  6. Introduction of indexes trading
  7. Trading strategies
  8. Earning season
  9. RSI indicators
  10. MACD indicators
  11. Top things you should avoid as a trader
  12. Pro guide series
  13. Top 3 scalping strategies

The Forex Articles category consists of several comprehensive pages that cover many important educational topics, including Features of Forex Market Hours, Trading with a Forex Currency Strength Meter, and How to Buy and Sell Cryptocurrency, amongst others. 

Finally, the Educational Video category has short insightful video tutorials on how to use MetaTrader 4. As such, this is an excellent and comprehensive educational offering from JustForex. 

Beginner traders should make use of the online webinars and the tutorials, while beginner to intermediate traders will both benefit from the technical education on MT4 in the Educational Video section. 

Is JustForex Legit?

Yes, JustForex is a legit Forex Broker and Trade Platform. JustForex has IFSC and FSA legal certificates to perform Forex Broker and trading services.

Is JustForex Safe?

JustForex is a reliable and safe Forex Trade platform in terms of its regulation and safety protocols. The broker is regulated in several global jurisdictions, as described below:

  • The IFSC regulates JustForex in Belize
  • The FSA regulates JustForex in St Vincent and the Grenadines

JustForex provides several safety protocols. These include data transfer protection, negative balance protection, data storage protection, and a multilevel server system.  

 

Overall Rating

4.4/5

Rated #72 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FSA

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

90

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Is JustForex a Good Broker?

Yes. According to the Forex Suggest review, for security, trading speed, online support, and cryptocurrencies, JustForex is a good broker. 

  1. In terms of trading speed, JustForex offers its clients the Market execution of the orders to make the trading process pleasant and comfortable. Market execution is characterized by guaranteed order execution. Orders are opened at current market prices in any case. 
  2. In terms of security, JustForex is regulated in two jurisdictions, while also offering extended client protection measures. These include storing client deposits in segregated accounts, negative balance protection, data storage protection, and a multilevel server system.  
  3. In terms of online support, a live chat option is available directly from the broker’s website. This will allow traders to have their queries answered in real-time, which is very important in the fast-paced Forex trading industry.  
  4. In terms of cryptocurrencies, JustForex provides several leading crypto coins, including
    BTC, BCH, ETH, LTC, XRP, DSH, NEO, MXR, and EOS.

What is the Offering of Investment in JustForex?

Offerings of JustForex can be found below.

Feature JustForex
Forex Trading Yes
CFDs Yes
Forex Pairs Yes
Cryptocurrency (Physical) No
Cryptocurrency (CFD) Yes
Social Trading  Yes

Does JustForex have Nasdaq?

Yes, JustForex offers traders the option of trading CFDs on the Nasdaq 100 Stock Index. This consists of the index of one of the three major US exchanges, which specializes in high-tech companies' shares. It covers all companies that trade on NASDAQ.

What are the Awards of JustForex?

According to the official sources and Forex Trading platforms, JustForex does not have any awards listed until this point. 

How to Use JustForex for Forex trading?

To use JustForex, a forex trader should have the necessities below:

  1. A copy of their identification documents
  2. They should be 18 years or older
  3. They are a resident of a country in which the broker operates. JustForex does not provide brokerage services in the United States, Japan, and the United Kingdom. 

If a Forex Trader has the conditions above, they can open a forex trading account to use JustForex. 

How to open a Forex trading account with JustForex?

To open a Forex Trading Account with JustForex, a trader should follow the steps below.

  1. Click on the “Registration” button on the main page of the JustForex website
  2. Both Trader and Partner accounts require the same information from you to enter on the Registration page:

Country of residence;

Active email address;

Access password.

A password must contain from 6 to 15 symbols including lowercase and uppercase Latin characters (A-Z, a-z) and digits (0-9). Make sure that symbols, like!”#$%& and spaces cannot be used.

The password example: yS22Fr45

  1. Once done, click “Register” for the Trader account option
  2. It is possible to be a Trader and a Partner at the same time and you can always open a Partner Account anytime in your Back Office and vice versa.
  3. You have successfully opened your Back Office and the Trading Account is opened for you automatically

What is the Forex Trader Account Types with JustForex?

Forex Trading Platform and Financial Asset Management Institution JustForex have 8 different account types. Every Forex trading account type has different features and conditions with JustForex. 

JustForex Account Types are listed below. 

  1. Demo Account

  2. Standard Account

  3. Pro Account

  4. Raw Spread Account

  5. Islamic Account

  • Demo Account

Practice accounts from JustForex are designed to teach Forex trading. They are the same as the real accounts – you trade on the same terminal, see the actual situation of the market and get the real quotes. 

The main difference between the demo and the real accounts is that you trade virtual money, not real. So you need no deposit, risk nothing, and will not lose any real money. 

  • Standard Account

The Standard account from JustForex is the most popular one. It includes the basic set of necessary options, really tight spreads starting with 0.3 pips, and no commissions. Stop Loss and Take Profit can be set both when opening an order and after it. 

The Standard account can be used for trading on daily charts and non-aggressive trading within a day. Any trading strategy can be chosen for working on this account without any restrictions.

  • Minimum deposit: 1 USD
  • Account currency: USD EUR GBP JPY MYR IDR THB VND KWD CNY ZAR
  • Leverage up to 1:3000
  • Spread from: 0.3
  • Commission: none
  • Swap-free option: yes
  • Pro Account

The Pro account from JustForex is designed for experienced and professional participants of financial markets. Traders can use any style of trading on Pro accounts. 

This type of account is characterized by narrow spreads, high leverage, lack of commission, and restrictions on the number of orders and volume of positions.

The main advantage of the Pro account is a wide range of trading instruments: more than 50 currency pairs, indices, metals, and commodities. You can implement all your trading and investment ideas.

  • Minimum deposit: 100 USD
  • Account currency: USD EUR GBP JPY MYR IDR THB VND KWD CNY ZAR
  • Leverage up to 1:3000
  • Spread from: 0.1
  • Commission: none
  • Swap-free option: yes
  • Raw Spread Account

The Raw Spread account from JustForex gives you a chance to take advantage of dynamic trading. Those market participants who prefer intraday, frequent inputs and outputs in combination with work on short timeframes often choose precisely this account type. 

It is considered to be the best one for scalpers. There is a commission for transactions, but the spread is floating from 0 pips, which is significantly lower in comparison with other accounts. 

When trading on this account, you get a whole variety of the available financial instruments.

  • Minimum deposit: 100 USD
  • Account currency: USD EUR GBP JPY MYR IDR THB VND KWD CNY ZAR
  • Leverage up to 1:3000
  • Spread from: 0
  • Commission: 3 units of the base currency per lot/side
  • Swap-free option: yes
  • Islamic Account

JustForex has a special option for members of the Islamic faith. Sharia law prohibits trading with swaps. Due to this fact, special swap-free trading accounts were created.

A swap is a fee for an operation of closing order at midnight of one trading day and reopening it at the close price the next day. 

With swap-free accounts, traders can keep open positions as long as they want, without adding a swap size to or charging it from the account. In this case, the result of trading can be effected only by the change in the exchange rates for a specific period.

Using swap-free accounts is optional. To convert your Standard Cent, Standard, Pro, or Raw Spread account into a swap-free one, you should contact the support team.

 

Overall Rating

4.4/5

Rated #72 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FSA

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

90

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

How to Withdraw Money from JustForex?

To withdraw money from JustForex, the following should be done:

  • Log in to your JustForex Account
  • Navigate to the Funds section on your account
  • Select the option to withdraw
  • Specify the amount you wish to withdraw
  • You can only withdraw using the method in which you deposited
  • Confirm your withdrawal

How many days do deposits take with JustForex?

Deposits with JustForex are instant when using worldwide cards and e-wallets. Cryptocurrency deposits can take up to 3 hours, and certain international mobile money providers can take up to 1 day. 

What are the costs and fees with JustForex?

There are three types of costs with JustForex. Commission costs are only charged on the Raw Spread Account, spread costs are for all account users, and swap costs are for users that do not hold a swap-free account, and hold positions open overnight. 

A Forex Trading cost is applied in various ways as compensation to the broker for using its trading services and facilities. Generally, these costs are applied in two ways, namely through spreads and commissions, as well as through swap fees. 

Commissions will be charged on round trades and only on certain instruments; spreads, denominated in pips, are the difference between the bid and the asking price; and swaps consist of interest charged on positions held overnight.  

The Forex Trading Fees with JustForex are below. 

  • Spreads: JustForex offers low floating spreads on all types of accounts and spreads from 0 pips on Raw Spread accounts. Average live spreads on major forex pairs, such as GBPUSD, are 0.7 and 0.6 on EURUSD. Spreads on indices, such as NASDAQ 100 and Volatility 75 index, are 1.0.
  • Commissions: Apart from the Raw Spread account, which charges 3 units of the base currency per lot/side, the broker does not charge any commissions.
  • Swap fees: A swap is a fee for the operation of a closing order at midnight of one trading day and its reopening at the close price the next day. With swap-free accounts, traders can keep open positions as long as they want, without adding a swap size to or charging it from the account. 
  • In this case, the result of trading can be effected only by the change in the exchange rates for a specific period.
  • Swaps can be found in the trading terminal. To know the swap level, right-click on the Market Watch and choose “Symbols” in the context menu. Then select the needed instrument and press the button “Properties”. In the appeared window you will find swaps for long and short positions.

What are the Trading Fees with JustForex?

JustForex has competitive Trading Fees, with no additional charges for deposits or withdrawals, and no inactivity fees on dormant accounts. Spreads are tight when compared to most other brokers, and commissions are only charged on Raw Spread accounts. 

What is the minimum deposit in JustForex?

The minimum deposit amount required to open an account with JustForex starts as low as $1 and goes up to $100 depending on the account type. 

What are the contract specifications in JustForex?

Feature JustForex
Forex Trading Yes
CFDs 25+
Forex Pairs 65
Cryptocurrency (Physical) 0
Cryptocurrency (CFD) 7
Social Trading  Yes

Does JustForex have promotional offers?

Yes, JustForex Trade and Exchange platform has promotional offers for existing and new forex trading account owners. These promotional offers are listed below.

  1. Refer a Friend Promotion
  2. 120% Bonus
  3. 0% Fees on Deposits and Withdrawals

Does JustForex have a welcome bonus?

No, JustForex does not have a welcome bonus. However, the broker does have various deposit bonuses which are available to all traders. 

Does JustForex have a deposit bonus?

Yes, JustForex does have a deposit bonus. The 120% deposit bonus from JustForex allows users to multiply their deposit by 120% for better trading, up to $40 000. 

Traders can choose their preferred bonus depending on the deposit size:

  • 50% up to 100 USD
  • 100% from 100 USD
  • 120% from 500 USD

Is there a commission-free trade bonus in JustForex?

Yes, JustForex does have a commission-free trade bonus. The 0% Fees on Deposits and Withdrawals bonus means that JustForex covers all expenses that may be incurred from third parties for deposits and withdrawals. 

Is there a VIP bonus in JustForex?

No, JustForex does not offer a VIP bonus. High net-worth VIP clients can look to the enhanced trading conditions on the Pro Account.

Can you start trading with no money at JustForex?

No, you cannot start trading with no money at JustForex. This is because JustForex does not offer any deposit bonus, therefore traders will need to deposit their funds when opening a Trader Account.

How does leverage work with JustForex?

Leverage is a tool that lets users trade bigger sums, having only part of the sum at their disposal. For example, with 1:100 leverage you can conduct trade of the USD 100,000 volume, having only USD 1,000 of own funds.

To use leverage with FxPro, perform the following actions:

  • Log into your Back Office;
  • In the left menu box choose “My accounts” and click “Actions” opposite the account for which you want to change the leverage;
  • Choose “Change leverage” in the drop-down list;
  • On the appeared page indicate the desired leverage in the “New Leverage” line and click “Change”.

Where are the headquarters of JustForex?

JustForex is headquartered in St Vincent and the Grenadines.  

Who is JustForex’s CEO?

JustForex does not divulge the information regarding the CEO of the brokerage. 

What are the social media accounts of JustForex?

Traders can follow JustForex on the following social media accounts:

  • Twitter
  • Facebook
  • Instagram
  • YouTube
  • LinkedIn

How many employees do work for JustForex?

According to the official LinkedIn profile, JustForex has about 73 employees.

What are the opinions about JustForex?

JustForex provides a very user-friendly trading environment. The broker’s accounts are well-tailored towards different trading styles and needs, with accessible minimum deposits and excellent customer support. 

JustForex offers a very competitive trading environment, with extremely tight spreads and nearly all trading accounts provided commission-free

What are JustForex Contests?

JustForex does not run any kind of Forex Trading Contests. Forex Contests can be performed for brokers who offer them to traders to profit on contest winnings. 

JustForex has performed trading contests in the past. For future forex exchange contests and competitions, JustForex didn't perform any official announcements yet.

Does JustForex have online support?

Yes, JustForex has an online support team for Forex trade account users. A team member can be contacted directly from the broker’s website by clicking on the chat icon from the landing page. 

Does JustForex offer demo accounts for Forex trading?

Yes, JustForex offers a free demo account for all new traders. The demo account can be opened with the following steps:

  • Log in to your Back Office. If you don’t have an account yet – Sign Up;
  • Click My Accounts in the left sidebar
  • Click New MT4 Demo Account or New MT5 Demo Account;
  • Choose the MT platform;
  • Select the account type;
  • Select the account currency;
  • Select the leverage. You should pick the same leverage you’d use on a real-money account;
  • Enter your preferred virtual balance;
  • Come up with a password. Confirm it in the field below;
  • Click Open Account.
  • From that point, you can sign in to your forex demo account with a MetaTrader 4/MetaTrader 5.

Does JustForex have a mobile app for Forex trading?

Yes, JustForex offers a mobile app for both the MetaTrader 4 and MetaTrader 5 platforms. 

The JustForex MT4 app for iPhone and Android allows users to trade from anywhere, using real-time quotations, market executions, automated trading, and expert advisors. 

 

The JustForex MT5 App for Android and iPhone allows traders to use real quotes for all markets, perform all types of trading operations, provide quick switching between elements and charts, and provides automatic trading levels.

 

Does JustForex publish an economic calendar?

An economic calendar is provided by most Forex brokers as an updated schedule of all upcoming market events and announcements that may impact trades and currency prices. The economic calendar allows traders to adjust their strategies accordingly.  

JustForex does offer an economic calendar. JustForex’s economic calendar provides information on financial events, forecasts, and historical data.

 

What is the communication information of JustForex?

JustForex has one telephone number and one local address. 

JustForex’s main telephone number is:
+371 67 881 045, +44 1418 461237

JustForex’s main local address is: 2nd Floor, Reigate Building P.O. Box 356, Kingstown St. Vincent, West Indies

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