JustForex – Account Types

JustForex – Account Types

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JustForex - Account Types

 

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

 

Our JustForex Account Types Revealed:

 

JustForex Overview

Established in 2012, JustForex is an STP and ECN broker that is headquartered in Saint Vincent and the Grenadines. JustForex is well-known for offering a choice between different retail investor accounts in addition to providing traders access to managed accounts.

 

JustForex is owned and operated by JF Global Ltd, a company that is based and registered in Saint Vincent and the Grenadines. JustForex’s liquidity providers consist of 18 of the largest entities in the world.

 

The prices are aggregated from these LPs and streamed directly to the trading platform of the trader. This means that JustForex can offer traders spreads that start from 0.0 pips on Raw Spread accounts.

 

JustForex offers social trading opportunities, the use of MetaTrader 4 and MetaTrader 5, and a range of tradable financial instruments.

 

JustForex Account Types

JustForex provides traders with a choice between seven accounts that are divided between MetaTrader 4 and MetaTrader 5. This offers traders significant versatility in choosing the right account that will cater to their unique trading needs and objectives.

 

The account types that traders can expect from MetaTrader 4 include:

  • Standard Cent Account
  • Standard Account
  • Pro Account
  • Raw Spread Account

 

The MetaTrader 5 trading accounts are as follows:

  • Standard Account
  • Pro Account
  • Raw Spread Account

 

In addition to offering traders such a choice, JustForex also offers the benefit of a demo account and Islamic account options on its live trading accounts.

 

JustForex Account Features

MT4 Standard Cent Account

This account is the perfect account for beginners who need to practice trading in addition to catering for more experienced traders who want to test their strategies before they apply them in a live environment where their capital is at risk. The specification on this account is as follows:

 

  • A minimum deposit of $1
  • USD Cents as the base account currency
  • Commission-free trading
  • An Islamic Account conversion option
  • Variable spreads from 0.3 pips
  • Leverage up to 1:1000
  • A margin call of 40% and stop-out level of 20%
  • Market Execution on trades
  • Access to 5th decimal pricing
  • The ability to trade 37 currency pairs, 4 metals, 9 indices, and 5 cryptocurrency pairs

 

MT4 Standard Account

The Standard Account is the most popular option that caters to the trading needs and objectives of most traders. The features on this account are as follows:

 

  • A minimum deposit of $1
  • A choice in currencies as the base currency including USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, and ZAR
  • Commission-free trading
  • An Islamic Account conversion option
  • Variable spreads from 0.3 pips
  • Leverage up to 1:3000
  • A margin call of 40% and stop-out level of 20%
  • Market Execution on trades
  • Access to 5th decimal pricing
  • The ability to trade 65 currency pairs, 8 metals, 9 indices, and 5 cryptocurrency pairs

 

MT4 Pro Account

This account type is specifically designed for experienced and professional traders who know their way around the financial markets. This account supports the use of different trading styles and what makes this account unique is the razor-thin spreads, high leverage, commission-free trading, and the ability to trade an unlimited number of positions of any volume. The specifications of this account are:

 

  • A minimum deposit of $100
  • A choice in currencies as the base currency including USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, and ZAR
  • Commission-free trading
  • An Islamic Account conversion option
  • Variable spreads from 0.1 pips
  • Leverage up to 1:3000
  • A margin call of 40% and stop-out level of 20%
  • Market Execution on trades
  • Access to 5th decimal pricing
  • The ability to trade 65 forex pairs, 8 metals, 11 indices, 2 energies, 7 cryptocurrency pairs, 65 shares, and 25 futures

 

MT4 Raw Spread Account

This account offers traders the best possible spreads, especially to those who use day trading or intraday trading strategies, frequent inputs, outputs, and short timeframes. This account is dedicated to scalpers, and it features the following:

 

  • A minimum deposit of $100
  • A choice in currencies as the base currency including USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, and ZAR
  • Commission charges of 3 units of the base currency of the account per lot, per side.
  • An Islamic Account conversion option
  • Variable spreads from 0.0 pips
  • Leverage up to 1:3000
  • A margin call of 40% and stop-out level of 20%
  • Market Execution on trades
  • Access to 5th decimal pricing
  • The ability to trade 65 forex pairs, 8 metals, 11 indices, 2 energies, 7 cryptocurrency pairs, 65 shares, and 25 futures

 

MT5 Standard Account

The MetaTrader 5 Standard Account is a popular option among most traders who want exposure to several different financial markets, using the competitive trading conditions of JustForex to add a competitive edge to their trading. The features that traders can expect include:

 

  • A minimum deposit of $1
  • A choice in currencies as the base currency including USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, and ZAR
  • Commission-free trading
  • An Islamic Account conversion option
  • Variable spreads from 0.3 pips
  • Leverage up to 1:3000
  • A margin call of 40% and stop-out level of 20%
  • Market Execution on trades
  • Access to 5th decimal pricing
  • Access to 65 forex pairs, 8 metals, 9 indices, and 5 cryptocurrency pairs

 

MT5 Pro Account

The MetaTrader 5 Pro Account is a popular option among more experienced traders who want some of the best possible trading conditions along with the following specifications:

  • A minimum deposit of $100
  • A choice in currencies as the base currency including USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, and ZAR
  • Commission-free trading
  • An Islamic Account conversion option
  • Variable spreads from 0.1 pips
  • Leverage up to 1:3000
  • A margin call of 40% and stop-out level of 20%
  • Market Execution on trades
  • Access to 5th decimal pricing
  • The ability to trade 65 forex pairs, 8 metals, 11 indices, 2 energies, 7 cryptocurrency pairs, 65 shares, and 25 futures

 

MT5 Raw Spread Account

The Raw Spread Account is the ideal option for scalpers and traders who work on short time frames and accuracy. The specifications of this account include:

  • A minimum deposit of $100
  • A choice in currencies as the base currency including USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, and ZAR
  • Commission charges of 3 units of the base currency of the account per lot, per side.
  • An Islamic Account conversion option
  • Variable spreads from 0.0 pips
  • Leverage up to 1:3000
  • A margin call of 40% and stop-out level of 20%
  • Market Execution on trades
  • Access to 5th decimal pricing
  • The ability to trade 65 forex pairs, 8 metals, 11 indices, 2 energies, 7 cryptocurrency pairs, 65 shares, and 25 futures

 

JustForex Demo Account

The demo account is the perfect tool for beginner traders who want to practice their trading, allowing them to gain experience and confidence before they start trading in a live trading environment.

 

The demo account is also used by experienced traders who want to test their trading strategies before they apply their strategies to live markets where their capital is at risk. The demo account mimics the conditions and features of the live account, with the exception that traders use virtual funds to trade and that they cannot profit from traders.

 

The charts on the demo account show the real-time market conditions and the demo account fully corresponds with real trading, which is why it is such a vital tool.

 

JustForex Islamic Account

The purpose of an Islamic Account is that it caters specifically to Muslim traders who follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.

 

Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.

 

JustForex offers a special feature to representatives of the Islamic Faith by offering Swap-free or Islamic account options to these traders. Muslim traders can convert any of the live trading accounts that JustForex offers. This can be done by contacting the support team once their live trading account has been approved and funded with the minimum requirement.

 

JustForex Pros and Cons

PROS CONS
Well-regulated broker Offshore regulation
There is a choice between several flexible account types US clients are not accepted
Demo account options are offered Spreads and commissions are competitive but not the lowest in the industry
Islamic account options are present on all live trading accounts
There is a range of educational materials provided on the site
MAM managed accounts are offered

JUSTFOREX AT A GLANCE

Broker's Name JustForex
Headquartered Saint Vincent and the Grenadines
Year Founded 2012
Regulating Authorities Financial Services Authority (FSA)
Countries not accepted for trade United States
Islamic Account (Swap Free) Yes
Demo Account Yes
Institutional Accounts No
Managed Accounts Yes – MAM
Maximum Leverage 1:3000
Minimum Deposit $1
Deposit Options
  • Credit Card
  • Debit Card
  • Skrill
  • Neteller
  • Perfect Money
  • Sticpay
  • Cryptocurrency Wallets
  • Local Bank Transfers
  • Local Bank Cards
  • Local Bank Mobile Money options
  • Fasapay
  • Doku Wallet
  • Nganluong
  • BitWallet
Withdrawal Options
  • Credit Card
  • Debit Card
  • Skrill
  • Neteller
  • Perfect Money
  • Sticpay
  • Cryptocurrency Wallets
  • Local Bank Transfers
  • Local Bank Cards
  • Local Bank Mobile Money options
  • Fasapay
  • Doku Wallet
  • Nganluong
  • BitWallet
Platform Types
  • MetaTrader 4
  • MetaTrader 5
OS Compatibility Web browsers, iOS, Android, Windows, macOS, Linux
Tradable Assets
  • Indices
  • Energies
  • Forex
  • Metals
  • Cryptocurrencies
  • Shares
  • Futures
Languages supported on Website English, Spanish, Portuguese, French, Russian, Indonesian, Malaysian, Chinese (Simplified and Traditional), Lao, Vietnamese, Thai, Turkish, and more.
Customer Support Languages Multilingual
Customer Service Hours 24/5

 

You might also like: JustForex Demo Account

You might also like: JustForex Fees and Spreads

You might also like: JustForex Islamic Account

You might also like: JustForex Minimum Deposit

 

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

 

FAQ

TRADING ENVIRONMENT

How many instruments can I trade with JustForex?

You can trade any of the following instruments:

  • Indices
  • Energies
  • Forex
  • Metals
  • Cryptocurrencies
  • Shares
  • Futures

 

Which platforms are supported by JustForex?

JustForex only supports the use of:

  • MetaTrader 4
  • MetaTrader 5

 

Does JustForex offer leverage?

Yes, JustForex offers leverage up to a maximum of 1:3000.

 

What spreads can I expect with JustForex?

You can expect spreads that start from 0.0 pips on the Raw Spread Account.

 

Does JustForex charge commission?

Yes, JustForex charges commissions on the Raw Spread Account of 3 units of the base account currency per side/per lot.

 

Are there additional charges on the Islamic account?

No, there are no additional charges indicated on the Islamic Account.

 

Is JustForex regulated and by whom?

Yes, JustForex is regulated by the Financial Services Authority (FSA) in Saint Vincent and the Grenadines.

 

Is JustForex a recommended forex trading broker for experts and beginners?

Yes, JustForex caters to both beginners and experienced traders.

 

What is the overall rating out of 10 for JustForex?

8/10.

 

ACCOUNTS

What is the difference between a demo and a live trading account?

A demo account is a practice account that can be used by both beginner and professional traders. Beginners can use a demo account to practice their trading while more advanced traders can use it to test their trading strategies.

 

Alternatively, traders can also use a demo account to explore what a broker has to offer. Demo accounts are known for the risk-free environment that they offer along with the virtual funds which are used to trade.

 

Does JustForex offer a demo account?

Yes, JustForex offers a demo account.

 

How long is the demo account valid?

The demo account is valid for an unlimited time.

 

Which live trading accounts does JustForex offer?

JustForex offers the following accounts:

  • MT4 Standard Cent Account
  • MT4 Standard Account
  • MT4 Pro Account
  • MT4 Raw Spread Account
  • MT5 Standard Account
  • MT5 Pro Account
  • MT5 Raw Spread Account

 

Does JustForex offer an Islamic Account?

Yes, JustForex offers an Islamic account on all its live trading accounts.

 

What are the available deposit currencies for a live trading account?

  • USD
  • EUR
  • GBP
  • SGD
  • JPY
  • ZAR
  • AED
  • BRL
  • CHF
  • MXN
  • NGN, and numerous others

 

DEPOSITS AND WITHDRAWALS

What is the minimum deposit required to open an account with JustForex?

$1.

 

How do you make a deposit and withdraw money with JustForex?

  • Credit Card
  • Debit Card
  • Skrill
  • Neteller
  • Perfect Money
  • Sticpay
  • Cryptocurrency Wallets
  • Local Bank Transfers
  • Local Bank Cards
  • Local Bank Mobile Money options
  • Fasapay
  • Doku Wallet
  • Nganluong
  • BitWallet

 

Does JustForex charge withdrawal fees?

No, JustForex does not charge any withdrawal fees on any of the payment methods. However, when traders use cryptocurrency wallets, they may be subject to a blockchain fee.

 

How long does it take to make a withdrawal?

According to the JustForex website, the maximum processing time for withdrawals is within one banking day.