JustForex Review

The company was established in 2012 and is based in St. Vincent and the Grenadines. JF Global Limited is the corporate owner of the brand and offers over 170 trading instruments across four account types that suit all trader levels.

JustForex serves millions of clients from 197 countries and is one of the most popular brokers in Asia. However, JF Global Limited does not accept traders from the United States, Japan and the UK.

Account Types

New users have a choice between Standard Cent, Standard, Pro and Raw Spread account options:

• Standard Cent – The Standard Cent account was specially designed for new traders. Offering smaller trade sizes, members can only trade on the MT4 platform. The minimum deposit is $1.
• Standard – The Standard account offers tight spreads and no commissions. This account is suitable for all trading strategies and works with both MT4 and MT5 platforms. The minimum deposit is $1.
• Pro – The Pro account is the most popular option. It is designed for experienced and professional traders and offers narrow spreads, high leverage and zero commissions. The minimum deposit is $100.
• Raw Spread – The Raw Spread account (upgraded from JustForex’s ECN Zero account) is the best choice for scalpers. While there is a commission on transactions, spreads are floating from 0 pips. Moreover, this account gives you access to all trading instruments. The minimum deposit is $100.

A swap-free account is also available for Islamic traders. Users can open accounts in USD, GBP, EUR, IDR, CNY MYR, KWD, ZAR and more.

To open a live account, ID verification is required and users must pass Know Your Customer (KYC) checks. Once registration is complete, you can login to the back office via the homepage.

Take note of the MetaQuotes user agreement before opening a live account. Terms and conditions can be found on the broker’s website.

Assets

The JustForex platforms offer over 170 trading instruments and have multiple assets:

• Forex – 65 major, minor, and exotic currency pairs i.e. GBPUSD, EURUSD, USDZAR
• Cryptocurrencies – 7 cryptocurrencies i.e. Bitcoin, Ethereum, Ripple
• Futures – 25 futures i.e. NAS100 Future, Crude Oil Brent Futures
• Index – 11 indices i.e. NASDAQ 100, S&P 500, FTSE 100
• Energies – 2 energies i.e. Brent Crude Oil and WTI Light Crude Oil
• Stocks – 65 shares i.e. Apple, Facebook, Hilton Worldwide
• Metals – 8 metals i.e. gold and silver

Trading Platforms

JustForex offers the elite trading platforms MetaTrader 4 and MetaTrader 5.

MetaTrader 4

Clients can trade with the popular MT4 platform, best known for trading on the forex market. The MT4 dashboard supports advanced charting functionality, 30 technical indicators, 9 timeframes, automated trading and other tools for real-time market analysis. The user-friendly platform is great for novice traders.

JustForex also recently launched a new MT4 server called JustForex-Live2 to expand technical capacity.

MetaTrader 5

The MT5 platform offers an enhanced trading experience. The platform is better suited to professional traders. The MT5 dashboard supports 38 technical indicators, 44 graphical objects, 21 timeframes, one-click trading, built-in depth of market widgets and an economic calendar.

Users can customise and upgrade their dashboard to suit individual needs. MQL5 Signal Trading supports social investing on both platforms.

Spreads & Commission

Spreads on JustForex are low and floating on all accounts. Spreads on Standard Cent and Standard accounts start at 0.3 pips and 0.1 on the Pro account while users on the Raw Spread account enjoy spreads from 0 pips. Depending on the account type, 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.

Apart from the Raw Spread account, which charges 3 units of the base currency per lot/side, the broker does not charge any commissions.

When looking at JustForex vs other well-known brokers such as Exness, HotForex, XM, OctaFX and FBS, the broker comes in at competitive prices.

Leverage

Depending on the account type, JustForex offers leverage up to 1:3000. Thus, clients can apply various trading strategies without needing to place large deposits. The broker reduces the risk from potential losses by narrowing leverage size as more funds are deposited. Details on leverage requirements along with a margin calculator are available on the company website.

Payments

Deposits

There’s a good range of payment methods at JustForex:

• Visa/Mastercard – instant
• Bank transfer – 3-6 business days
• E-wallets, eg Skrill, Neteller, Perfect Money, Sticpay – instant
• Local wallets, eg Fasapay, Alipay, Bitwallet – instant
• Local banks, eg Malaysia, Indonesia, China, South Africa – instant or up to one day
• Cryptocurrencies, eg Bitcoin, BitcoinCash, Ethereum, Ripple, Gemini. USD Coin – one to three hours

The minimum deposit varies from $1 to $500 depending on the method. All payments are free except for cryptocurrencies, which charge a 1% fixed rate.

Withdrawals

Withdrawal options are the same as deposit methods. All transactions are processed within one to two hours on top of the payment provider’s timelines. Fees vary across withdrawal options. For example, card options come with a  2.4% + €2 fee. Minimum withdrawals range from $1 to $500.

1:3000

JustForex is a legally registered forex broker located in Saint Vincent and the Grenadines, but not regulated by any government agency. Justforex accepts clients from all over the world, excluding USA, European Economic Area countries and some other jurisdictions where restrictions apply.

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