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Justmarkets Review

Four-regulator CFD broker with a $10 entry deposit and up to 1:3000 leverage.
Founded 2012
B IC composite score
· out of 5
Spot fee
maker / taker
Futures fee
maker / taker
Min deposit
$10
deposit
Coins listed
spot + perps
24h volume
all markets
US clients
availability
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EDITORIAL VERDICT

The IC verdict

JustMarkets (formerly JustForex) is regulated by Seychelles FSA, CySEC, FSCA (South Africa) and FSC (Mauritius). It offers four account types with a $10 minimum on Standard and Standard Cent, spreads from 0.0 pips on Pro and Raw Spread, ECN execution, and up to 1:3000 leverage on forex. MT4 and MT5 are supported.

iC Reviewed by Joanna Newman · Published · Updated
FULL REVIEW

The complete analysis

Published 2024-07-11

General Risk Warning

Trading financial instruments involves significant risk and may not be suitable for all investors. Leveraged products, such as CFDs, carry a high level of risk to your capital as prices can move rapidly against you. Ensure you fully understand the risks and only trade with money you can afford to lose. Consider seeking independent advice if necessary.

JustMarkets Full Review

General Information & First Impressions

JustMarkets, formerly known as JustForex, is a globally recognized forex and CFD broker. Established in 2012, the broker is well-regarded for its competitive trading conditions, diverse range of tradable instruments, and commitment to providing a secure trading environment. Upon visiting the JustMarkets website, users are greeted with a clean, modern interface that makes navigation intuitive and finding essential information straightforward.

JustMarkets Pros and Cons

Pros:

  • Regulated by FSA, CySEC, FSC, and FSCA
  • Competitive spreads starting from 0.0 pips
  • Low minimum deposit starting at $10
  • Advanced trading platforms (MT4, MT5)
  • Comprehensive educational resources
  • Excellent customer support

Cons:

  • Limited range of tradable instruments compared to some competitors
  • Inactivity fees for dormant accounts

Who Is JustMarkets For?

JustMarkets is suitable for a wide range of traders, from beginners to professionals. The broker's low-cost trading environment and user-friendly platforms make it an excellent choice for new traders looking to minimize costs while learning. Experienced traders will appreciate the advanced tools and tight spreads offered by JustMarkets.

Account Types and Benefits

JustMarkets offers several account types to cater to different trading needs:

Account Type Minimum Deposit Spreads From Commission (per lot) Leverage
Standard Account $10 1.0 pips None Up to 1:3000
Standard Cent Account $10 1.0 pips None Up to 1:3000
Pro Account $100 0.0 pips $3 Up to 1:3000
Raw Spread Account $100 0.0 pips $3 Up to 1:3000

Trading Platforms

JustMarkets supports several trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are known for their advanced charting tools, technical analysis capabilities, and automated trading features.

JustMarkets Mobile Trading

Traders can access JustMarkets' services on the go through the MT4 and MT5 mobile apps, available for both iOS and Android devices. These apps provide full account functionality, allowing traders to manage their accounts, execute trades, and analyze markets from anywhere.

JustMarkets Trading Features

JustMarkets offers several trading features designed to enhance the trading experience:

  • Negative Balance Protection: Ensures traders do not lose more than their account balance.
  • Advanced Order Types: Includes market orders, stop-loss, and trailing stop orders.
  • VPS Hosting: For uninterrupted trading and faster execution speeds.

JustMarkets Research & Education

JustMarkets provides a range of educational resources to help traders improve their skills and stay informed about market trends. These resources include webinars, video tutorials, eBooks, and market analysis.

JustMarkets Regulations & Licensing

JustMarkets is regulated by several financial authorities, ensuring a secure trading environment:

  • Seychelles Financial Services Authority (FSA)
  • Cyprus Securities and Exchange Commission (CySEC)
  • Financial Sector Conduct Authority (FSCA) in South Africa
  • Financial Services Commission (FSC) in Mauritius

JustMarkets Pricing

JustMarkets is known for its low-cost trading environment. The broker offers competitive spreads starting from 0.0 pips and low commission rates. There are no deposit or withdrawal fees, but JustMarkets does charge inactivity fees for dormant accounts.

JustMarkets Deposits & Withdrawals

JustMarkets offers multiple options for deposits and withdrawals, including bank transfers, credit/debit cards, and e-wallets. The fees and processing times vary by method:

Method Fees Processing Time
Bank Transfer No fees 1-3 business days
Credit/Debit Card No fees Instant
E-wallets No fees Instant

Customer Support

JustMarkets provides excellent customer support through various channels, including live chat, email, and phone. The support team is available 24/5, ensuring that traders can get assistance whenever they need it.

JustMarkets Trading Experience

The overall trading experience with JustMarkets is highly positive. The broker offers a robust trading platform, competitive pricing, and comprehensive support. Traders appreciate the user-friendly interface, advanced tools, and educational resources that help them make informed trading decisions.

Bottom Line

JustMarkets is a reliable and innovative broker that provides a comprehensive trading experience. Its competitive pricing, advanced trading platforms, and excellent customer support make it an attractive choice for traders of all levels. Whether you are a beginner or an experienced trader, JustMarkets offers the tools and resources you need to succeed.

JustMarkets Spreads

Instrument Spread From
EUR/USD 0.0 pips
GBP/USD 0.5 pips
Gold 0.1 pips
Crude Oil 0.3 pips

JustMarkets Swap Fees

Instrument Long Swap (Points) Short Swap (Points)
EUR/USD -0.3 -0.1
GBP/USD -0.4 -0.2
Gold -1.1 -0.8
Crude Oil -0.06 -0.04

Available Languages

JustMarkets supports multiple languages, including English, Spanish, French, German, Italian, Portuguese, and Chinese, ensuring traders worldwide can access their services.

Charts Available

JustMarkets offers a wide range of charting options through the MT4 and MT5 platforms. These charts help traders analyze the markets effectively:

  • Line Charts
  • Bar Charts
  • Candlestick Charts

Traders can customize these charts with various technical indicators and tools to suit their trading strategies.

Order Types

JustMarkets provides several order types to help traders manage their trades effectively:

  • Market Order: Executes a trade at the current market price.
  • Stop-Loss Order: Limits losses by selling a position at a predetermined price.
  • Trailing Stop Order: Adjusts the stop-loss level as the market price moves in your favor.

Order Execution Model

JustMarkets uses an ECN (Electronic Communication Network) execution model, ensuring that trades are executed directly in the market without any dealing desk intervention. This model provides transparency and faster execution speeds.

MetaTrader 4 and 5

JustMarkets supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These platforms are renowned for their advanced trading tools, automated trading capabilities, and extensive charting features. Traders can choose the platform that best suits their trading needs.

Islamic Account

JustMarkets offers an Islamic account option, compliant with Sharia law. This account type provides swap-free trading conditions, making it suitable for traders who adhere to Islamic principles.

JustMarkets Maximum Leverage by Asset Class

Asset Class Maximum Leverage
Forex Up to 1:3000
Commodities Up to 1:2000
Indices Up to 1:2000
Cryptocurrencies Up to 1:5

What Can You Trade with JustMarkets?

JustMarkets offers a wide range of tradable instruments, allowing traders to diversify their portfolios:

Instrument Type Examples
Forex EUR/USD, GBP/USD, USD/JPY
Commodities Gold, Silver, Crude Oil
Indices S&P 500, FTSE 100, DAX 30
Shares Apple, Amazon, Google
Cryptocurrencies Bitcoin, Ethereum, Litecoin

JustMarkets Spreads

Instrument Spread From
EUR/USD 0.0 pips
GBP/USD 0.5 pips
Gold 0.1 pips
Crude Oil 0.3 pips

JustMarkets Swap Fees

Instrument Long Swap (Points) Short Swap (Points)
EUR/USD -0.3 -0.1
GBP/USD -0.4 -0.2
Gold -1.1 -0.8
Crude Oil -0.06 -0.04

Possible to Trade NFT?

Currently, JustMarkets does not offer the option to trade NFTs. However, the broker continuously updates its offerings, so traders should check the website for the latest information on available instruments.

Broker Details

JustMarkets is a global broker regulated by multiple top-tier financial authorities, ensuring the highest standards of security and transparency. The main regulatory bodies overseeing JustMarkets include:

  • Seychelles Financial Services Authority (FSA): Just Global Markets Ltd., which operates under the JustMarkets brand, is regulated by the FSA in Seychelles. This regulation ensures that JustMarkets adheres to high standards of financial conduct and client protection.

  • Cyprus Securities and Exchange Commission (CySEC): JustMarkets Ltd. is authorized and regulated by CySEC. This allows the broker to operate within the European Union under strict financial regulations, ensuring a high level of transparency and security for European clients.

  • Financial Sector Conduct Authority (FSCA) in South Africa: Just Global Markets (PTY) Ltd. is regulated by the FSCA, providing additional oversight and ensuring the broker's operations meet South African financial standards.

  • Financial Services Commission (FSC) in Mauritius: Just Global Markets (MU) Limited is regulated by the FSC, further enhancing the broker's credibility and operational security.

These regulatory bodies require JustMarkets to maintain stringent standards for financial stability, client fund protection, and operational transparency, making it a trustworthy broker for traders worldwide.

Contact Info

JustMarkets vs. eToro

JustMarkets and eToro cater to different types of traders with unique features. JustMarkets is known for its competitive spreads, low trading costs, and advanced trading platforms like MT4 and MT5. This makes it ideal for cost-conscious traders who require advanced trading tools. On the other hand, eToro is renowned for its social trading platform, which allows traders to follow and copy the trades of experienced investors. This makes eToro an excellent choice for beginners looking to learn from others, while JustMarkets appeals more to experienced traders seeking low costs and robust trading features.

JustMarkets in 2024: What’s New?

In 2024, JustMarkets continues to enhance its offerings and expand its services. New developments include:

  • Enhanced Trading Platforms: Upgraded MT4, MT5, and mobile app features for better user experience.
  • Expanded Educational Resources: New webinars, video tutorials, and advanced trading courses.
  • Additional Tradable Instruments: Introduction of new forex pairs and emerging market indices.
  • Improved Customer Support: Extended support hours and multilingual support options.
RATING · 6 factors

The composite breakdown

Score: 4.0 · Grade: B
Fees ×1.2 Spot + futures + funding spreads
4.5
Regulation ×1.0 Licenses + jurisdictional standing
4.0
Asset coverage ×1.0 Coins, fiats, derivative pairs
3.5
Security ×1.2 Cold storage, audits, history
4.0
Withdrawal ×1.0 Speed, fees, transparency
4.0
UX ×1.0 Mobile, web, support quality
4.0
FEES

What it actually costs

Item Cost
Standard / Standard Cent minimum deposit $10
Pro / Raw Spread minimum deposit $100
Pro / Raw Spread commission $3 per lot
EUR/USD spread (Pro / Raw) From 0.0 pips
GBP/USD spread From 0.5 pips
VERDICT · pros & cons

What's good, what isn't

Pros

  • Regulated by FSA, CySEC, FSC and FSCA
  • Competitive spreads from 0.0 pips on Pro and Raw Spread accounts
  • Low minimum deposit starting at $10
  • Advanced trading platforms (MT4, MT5)
  • Up to 1:3000 leverage on forex
  • Comprehensive educational resources
  • No deposit or withdrawal fees
  • Negative balance protection

Cons

  • Limited range of tradable instruments compared to some competitors
  • Inactivity fees for dormant accounts
  • Cryptocurrency leverage capped at 1:5
REGULATION · licenses

Where Justmarkets is regulated

Seychelles Financial Services Authority
Seychelles
Active
Cyprus Securities and Exchange Commission
Cyprus
Active
Financial Sector Conduct Authority
South Africa
Active
Financial Services Commission
Mauritius
Active
ASSETS · supported

What you can trade

BTCETHLTC
FAQ

Common questions

5 Q&As
Is JustMarkets regulated?
Yes — JustMarkets is regulated by Seychelles FSA, CySEC, South Africa's FSCA and Mauritius FSC, under different operating entities.
What is the minimum deposit?
$10 for Standard and Standard Cent accounts, and $100 for Pro and Raw Spread accounts.
What leverage does JustMarkets offer?
Up to 1:3000 for forex, 1:2000 for commodities and indices, and 1:5 for cryptocurrencies.
Does JustMarkets charge fees?
There are no deposit or withdrawal fees, but JustMarkets charges inactivity fees on dormant accounts.
Which platforms are supported?
MetaTrader 4 and MetaTrader 5 — both desktop and mobile.