JustMarkets Review 2024 Update

1. What is JustMarkets?
2. JustMarkets Pros and Cons
3. Is JustMarkets Safe or a Scam?
4. Leverage
5. Accounts
6. Instruments
7. Fees
8. Spreads
9. Deposits and Withdrawals
10. Trading Platform
11. Customer Support
12. Education
13. Conclusion

Our Review Method

• 55Brokers Financial Experts with over 10 years of experience in Forex Trading check all trading conditions, regulations and licenses, fees, spreads, platforms, customer service, and placed traders to see proposals fully to give expert opinions about JustMarkets.

What is JustMarkets?

JustMarkets is a global Forex and CFD trading company that has been in operation since 2012. According to our findings, the broker provides a diverse range of financial products, which include CFDs on various instruments such as Forex, Gold, Oil, Indices, Metals, Cryptos, and Shares.

What is JustMarkets Review?

JustForex is the previous name of the JustMarkets Broker, which operated for quite a long time also via offshore zones only, however after rebranding from JustForex, JustMarkets acquired respected licenses from the Financial Sector Conduct Authority (FSCA) in South Africa and the Cyprus Securities and Exchange Commission (CySEC). As a result, this great step allowed broker to be considered as a secure broker to trade and has now established itself as a reliable option for traders, ensuring their safety and security.

Overall, for now JustMarkets provides competitive trading conditions, including low spreads and fast execution, as well as access to the MetaTrader trading platforms, which are widely used and trusted by traders worldwide.

JustMarkets Pros and Cons

Per our research, there are both positive and negative aspects to consider when choosing JustMarkets as your broker. For the pros, the broker offers the industry-popular MT4 and MT5 trading platforms suitable for different trading strategies and cater to traders of various sizes. Another advantage is the competitive spreads starting from 0 pips, as well as the opportunity to select very high leverage up to 1:3000, although this may vary depending on the specific entity. JustMarkets also provides competitive educational resources and research which are crucial for both beginners and advanced traders

For the cons, the trading conditions may vary depending on the regulation. Additionally, the limited range of trading instruments based on entities are also drawbacks to consider. Besides, since company operated for a long time via offshore zones only it is good to make your own research and see weather the offering is suitable for you.

Overall JustMarkets Ranking

Based on our analysis, the broker offers an appealing proposal and creates a competitive trading environment with low pricing and spreads for a range of trading instruments. So, we can conclude that JustMarkets is a suitable and reliable broker for traders at various skill levels.

• JustMarkets Overall Ranking is 8.5 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.

JustMarkets Alternative Brokers

While JustMarkets offers competitive trading conditions and low spreads, there are other brokers in the market with similar trading propositions. Therefore, we have conducted a comprehensive analysis and compiled a list of the broker’s primary competitors for you to consider exploring:

• CMC Markets – Wide Range of Trading Instruments
• VPFX – Good Trading Services for Professional Trading
• NCM Investment – Competitive Trading Conditions

Awards

We see along the time of operation and with recent review update that JustMarkets has been recognized numerous times and continue to receive awards. These include the Best Broker in Africa by The Ultimate Best Brokers & B2B Fintech Awards. Additionally, in 2022, the broker was named the Best Broker in Asia and also received recognition as the Best Forex Trading Platform.

Is JustMarkets Safe or Scam?

No, JustMarkets is not a scam. It is a reliable Forex trading broker that operates under the regulation of the reputable South African FSCA, and European CySEC, and also holds additional licenses. This regulatory body enforces strict rules and guidelines to ensure that the broker operates in a trustworthy manner.

Is JustMarkets Legit?

Yes, JustMarkets is a legit and regulated broker.  

Compliance with the regulatory requirements set by CySEC, and FSCA enhances the safety and confidence of traders who choose to trade with JustMarkets.

See our conclusion on JustMarkets Reliability:

• Our Ranked JustMarkets Trust Score is 8.5 out of 10 for the good reputation and services provided. However, trading services available for international traders are done via offshore entities as well, which offer lower security levels.

How Are You Protected?

As per our research, at JustMarkets, there are various protection rules applied to safeguard clients’ funds as per the regulatory requirement applied, this including segregation from the firm’s accounts and refraining from using them for operational purposes. Moreover, the broker offers negative balance protection, which safeguards traders’ accounts from going into negative balance during times of market volatility or unexpected events.

Leverage

Leverage is a valuable tool that allows traders to enter the Forex market with limited capital and expand their market exposure. However, it operates in both directions, which means it can result in substantial profits or losses alike. Therefore, it is strongly recommended to have a comprehensive understanding of leverage before engaging in any trading activities that involve its use.

JustMarkets leverage is offered according to the FSCA, CySEC, FSA, and FSC regulations:

• European traders are eligible to use a maximum of up to 1:30 for retail clients and up to 1:300 for professional clients for major currency pairs.
• International traders are allowed to use leverage as high as 1:3000

Account Types

After reviewing the broker’s account types, we found that traders can select from Standard, Pro, or Raw Spread accounts. Moreover, traders at JustMarkets have the option to sign for Standard Cent account designed for traders beginners or those prefer low market exposure. Also traders may convert their trading accounts into Islamic or swap-free accounts following approval. Yet, due to multiple entities account conditions and offering vary based on the regulation. Therefore, conducting thorough research is advised to ensure an understanding of the available options.

In addition, new traders have the opportunity to opt for a Demo account free of charge. This allows them to engage in practice trading and trial trades to test different strategies.

How to Open JustMarkets Live Account?

Opening an account and follow with JusMarkets Login is quite easy along with JustMarkets Login. You can open account within minutes, just following JustMarkets Registration , opening account or sign-in page on the official website and proceeding with the guided steps:

1. Select and Click on the “Open an Account” page
2. Enter the required personal data (Name, email, phone number, etc.)
3. Verify your personal data by upload of documentation (residential proof, ID, etc.)
4. Complete the electronic quiz confirming your trading experience
5. Once your account is activated and proven, follow with the money deposit.

JustMarkets No Deposit Trading Bonus

Also, there is quite a pleasant opportunity to use No Deposit Bonus Program or other programs that Just Markets Bonus now offers including various promotions. However note, conditions vary based on the entity, also some programs might be temporary so good to check whether you eligible for JustMarkets welcome bonus or not. See some of the Trading Bonus conditions we reviewed by the time of writing below, also these bonuses are not applicable for CySEC accounts, mainly available for FSA clients only:

• To get No Deposit Trading Bonus traders need to open a Welcome Account available for New clients only and trade $30 the way they like (CySEC not applicable. FSA only).
• Besides, depending on the deposit amount clients can get up to 50% bonus known as Deposit Bonus. (CySEC not applicable. FSA only)
• And at last, traders can earn $50 for each friend they successfully Refer to the broker Program

Trading Instruments

JustMarkets provides a range of popular financial markets, which include CFDs on Forex, Gold, Oil, Indices, Metals, Shares, Cryptocurrency, etc. Among these markets, Forex is the most traded that offers exceptional liquidity and the advantage of starting spreads as low as 0 pip. However, the availability of trading instruments may differ depending on the specific entity. Therefore, conducting thorough research is advised to gain a comprehensive understanding of the range of options available.

• JustMarkets Markets Range Score is 8.5 out of 10 for wide trading instrument selection overall. However, many popular asset classes, such as futures, and bonds are not available to trade so might be good to consider other Brokers too.

 

JustMarkets Fees

According to our findings, the broker offers competitively low pricing for its trading activities and does not impose any hidden fees. However, certain charges may be applicable to deposits and withdrawals, depending on the selected funding method and the country of registration. Traders should also be aware that additional fees, such as swap or rollover fees, may be incurred during trading activities.

• JustMarkets Fees are ranked low or average with an overall rating of 8.3 out of 10 based on our testing and compared to over 500 other brokers for all fees applied. See more comparison details below:

Spreads

Based on our test trade, JustMarkets provides tight and floating spreads, with an average spread of 0.6 pips for the highly-traded EUR/USD currency pair in the Forex market, which is an attractive option from broker for traders considering the average in the industry stands at around 1.2 pips. The broker also provides competitive spreads for other major currency pairs and popular trading instruments. However, the trading conditions may vary depending on the entity, so conducting thorough research is essential to understand the specific spread conditions in place.

• JustMarkets Spreads are ranked low or average with an overall rating of 8.6 out of 10 based on our testing comparison to other brokers. We found Forex spread lower than the industry average and spreads for other instruments are competitive too, which is beneficial for various strategies including Trend Trading or Scalping.

Deposits and Withdrawals

For funding methods, the broker offers various options for traders to deposit funds into their trading accounts, including bank wire transfers, credit/debit cards, and online payment systems like Skrill, Neteller, Perfect Money, etc. However, specific requirements and limitations for each funding method may vary depending on the financial institution and your country of residence.

• JustMarkets Funding Methods we ranked good with an overall rating of 8 out of 10. Fees are low, also we find it beneficial that you can use various account-base currencies and numerous methods for money transfers supported.

Here are some good and negative points for JustMarkets funding methods found:

JustMarkets Minimum Deposit

To open a live trading account with the broker, you need to deposit $10 as an initial deposit amount for a Standard account in the South African entity, which is considered a good offering overall.

JustMarkets minimum deposit vs other brokers

	JustMarkets	Most Other Brokers
Minimum Deposit	$10	$500

JustMarkets Withdrawals

Traders can expect an easy and quick withdrawal process with JustMarkets, enabling them to access their funds efficiently. As we found, the withdrawal requests are typically processed within 1-2 hours for most withdrawal methods.

How Withdraw Money from JustMarkets Step by Step:

1. Login to your account
2. Select Withdraw Funds’ in the menu tab
3. Enter the withdrawn amount
4. Choose the withdrawal method
5. Complete the electronic request with necessary requirements
6. Confirm withdrawal information and Submit
7. Check the current status of withdrawal through your Dashboard

Trading Platforms

South African entity traders have access to two popular and widely-used trading platforms, MetaTrader 4 and MetaTrader 5, which are renowned for their user-friendly interfaces, wide range of features, and the ability to engage in automated trading. JustMarkets also enables access to Copy Trading allowing traders to automatically copy leading traders and benefit from their success. As per our findings, the platforms are available via web, desktop, and mobile devices, enabling traders to stay connected to the markets and trade conveniently at any time.

• JustMarkets Platform is ranked good with an overall rating of 8.9 out of 10 compared to over 500 other brokers. We mark it as good since broker offers the popular Justmarkets MT4 and MT5 professional trading platforms offering selection between too.

Trading Tools

According to our analysis, the broker offers a diverse range of trading tools and solutions which include advanced charting features with multiple chart types, various timeframes, trading signals, an economic calendar, and technical indicators. Additionally, the MetaTrader platforms facilitate automated trading with the help of Expert Advisors (EAs) and algorithmic trading.

JustMarkets also integrates a Multi Account Manager (MAM) software, enabling money managers to efficiently execute bulk orders across an unlimited number of accounts.

Customer Support

The broker provides 24/7 multilingual customer support through Live chat, Email, Phone, and Social Media. The experienced trading specialists are readily available to assist traders with a wide range of matters, including technical issues, market analysis advice, general inquiries, and other different concerns.

• Customer Support in JustMarkets is ranked good with an overall rating of 8 out of 10 based on our testing. We got fast and knowledgeable responses, and also it is easy to reach during the working days and the weekends.

See our findings and ranking on Customer Service Quality:

JustMarkets Education

We check if the broker offers comprehensive educational and research materials on its website and find numerous education resources including webinars, Forex articles, educational videos, daily forecasts, economic calendar, market news, and more. It is not a full Trading Academy yet education is provided on quite decent level.

Moreover, JustMarkets offers a demo account feature that enables traders to practice their trading strategies in a risk-free environment without using real money.

• JustMarkets Education ranked with an overall rating of 8 out of 10 based on our research. We found that the broker offers good-quality of educational materials and analysis.

JustMarkets Review Conclusion

Concluding JustMarkets Review we now state it a good option for Forex and CFD trading that offers a secure and competitive trading environment. The broker now operates with good licenses and expanded its brand globally which was different before and raised concerns, for now Broker is considered a safe choice. Also, JustMarkets trading provides a range of popular instruments with availability of popular trading platforms like MT4 and MT5, catering to the diverse needs of traders.

While there may be some drawbacks such as varying trading conditions, JustMarkets still considered a competitive choice for traders at all skill levels. The broker’s transparent fee structure, quick withdrawal process, 24/7 customer support, and extensive educational resources, including webinars, articles, and market research, contribute to its overall appeal. However, you should conduct your research as well, and consider personal trading needs, before selecting JustMarkets as your preferred broker.

Based on Our findings and Financial Expert Opinions JustMarkets is Good for:

• Traders from Europe
• International traders
• Traders from Africa Region like Namibia, Zambia etc
• CFD and currency trading
• Traders who prefer the MT4 and MT5 platforms
• Beginners
• Advanced traders
• Muslim trading
• Market Making execution
• Competitive fees and low spreads
• EA/Auto trading
• Good trading tools
• Copy Trading
• Comprehensive learning materials
• Supportive 24/7 customer support