Can one trust JustForex? Let us delve deeper into this JustForex Review to see how effectively its platform performs in its duty as a global trading platform.
What to Know About JustForex – Pros and Cons
JustForex is a retail Forex brokerage that gives users access to the foreign exchange market and delivers excellent trading conditions on many types of accounts, including Cent, Mini, Standard, ECN Zero, and Crypto. It also offers a large selection of trading instruments, leverage up to 1:3000, tight spreads, trading industry news, and an economic calendar.
Internationally, JustForex has established an impressive name for itself. JustForex provides its customers with top-notch services and trading conditions.
It’s a frequent misconception that trading online is simple. Trading online is challenging, therefore traders need to perform their individual research and understand exactly what they are dealing with.
Now, let’s break down the pros and cons of trading in JustForex.
| Pros | Cons |
| Leverage options range from 1:1 to 1:3000. | It is based offshore. |
| There are trading accounts provided with no commissions. | Deposits are not insured. |
| Strategies like scalping and hedging tactics are permitted. | The utilization of EAs is not permitted. |
| Provides a variety of trading instruments for traders looking to profit on various marketplaces. | |
| Tools for technical analysis, news, projections, and cryptocurrency analysis are offered. |
Is JustForex a Regulated Broker? JustForex Safety and Regulation
Since Just Global Markets Ltd., the firm that owns JustForex, is a Seychelles-registered business and is subject to FSA regulation, it is safe to say that trading on JustForex is secure and safe.
Millions of customers in 197 countries throughout the world trust JustForex. Additionally, all account holders are totally shielded from the negative balances on their accounts, and personal and financial information is secure from third-party interception.
According to JustForex’s website, client deposits are kept separate. International security standards and deep liquidity (provided by 18 major banks) are two ways that JustForex works to keep its customers safe. Although there is negative balance protection, there is no deposit insurance.
A Forex broker’s regulatory status must be understood in order to protect yourself from trading and investment scams. Speaking of, the following are some scam brokers that traders should be wary of.
- SagaTrade
The FCA, ASIC, and CySEC, among other regulatory bodies, do not regulate SagaTrade. It implies that you’re dealing not only with an unregulated broker but also with fraudsters who won’t think twice about doing anything to pull off a scam, including giving their clients fake information.
This is a shady broker with no license which is enough reason why you should not invest. Because we’re talking about an unlicensed broker, your funds aren’t safe with SagaTrade.
- TriumphFX
TriumphFX’s website makes the claim that they are registered with the UK’s FCA in the regulatory section, although they are not. If a broker claims to be permitted to provide services when they are not, that is a red flag that they are a shady broker.
- Kiplar
Like the other two brokers listed above, Kiplar is an offshore-based online trading brokerage that is not regulated. Your money is not secure with Kiplar because the brokerage is not regulated.
JustForex Requires a Minimum Deposit
Standard, Pro, and Raw Spread trading accounts are just a few of the many types of trading accounts that JustForex offers.
The minimum deposit is $1 or it’s equivalent for Standard Cent and Standard accounts, and $100 or its equivalent for Pro and Raw Spread accounts.
Additionally, the broker does currently have various bonuses and promotional deals, but they could alter in the future. At the moment, JustForex is providing a deposit bonus of up to 120% and a welcome bonus of $30 or equivalent. You can get more information about bonus and promotion offers on JustForex’s website.
The JustForex Web Platforms and Other Trading Applications
JustForex provides the finest trading platforms MetaTrader 4 and MetaTrader 5.
- Web and Desktop Trading Platforms
The MT4 or MT5 trading platforms both offer a simple version for traders to use. In a welcome addition, it provides a brief tutorial on how to use MT4 right after introducing the trading platform. Unfortunately, JustForex does not permit any add-ons from other parties to enhance the trading platforms.
- Mobile Trading Platforms
The JustForex MT4 platform’s iOS and Android apps are also available for download from their website. You can complete the download by visiting the applicable app store by clicking the corresponding link, which directs you there.
Educational Resources for Traders at JustForex
It’s crucial to gain a thorough understanding of both the markets and the JustForex trading tools in order to trade with JustForex successfully. Use all of the educational resources to your greatest advantage.
- Analytics
An economic calendar, daily forecast, market headlines, and market summary are just some of the fantastic study tools offered by JustForex.
- Learning Center
For both new and experienced traders, JustForex offers a variety of Forex articles and educational films on a variety of subjects. To assist traders with market jargon, the firm also offers a Forex glossary.
A wide range of instructional tools is available from JustForex. Spend some time understanding how the financial markets operate. Spend some time getting familiar with your trading platform. Make buy/sell trades, discover how to benefit from global trading opportunities, and most importantly, understand how to reduce and manage investment risk.
Moreover, approaching trading with JustForex with an analytical mindset could be beneficial.
24/7 Support at JustForex for Customers
Customer service is available twenty-four hours a day, seven days a week, in English, Indonesian, Malaysian, Portuguese, and Spanish via Live Chat, Phone, Email, and messaging services like Telegram, WhatsApp, Skype, and more.
The customer service team’s contact information is provided below:
- Support Department
Email: support@justforex.com
Phone numbers: +371 67 881 045, +44 1418 461237
Live Chat: Accessible from the website’s bottom right corner.
- Business Development Department
For inquiries about Introducing Brokers (IB), White Label, Affiliates, and Regional Representatives
Email: partners@justforex.com
- Finance Department
For assistance in processing requests and making payments.
Email: finance@justforex.com
- Compliance Department
For disputes and complaints involving trading operations.
Email: compliance@justforex.com