JustForex Review 2022: It’s Safe For Trading

JustForex

Justforex, a popular forex brokerage company, offers traders an online financial trading platform, making it easier to enter the foreign exchange market. The platform provides excellent trading conditions on a wide range of trading instruments and accounts like Cent, Mini, Standard, ECN Zero, and Crypto. 

The other advantages include leverage up to 1:3000, tight spreads, forex market news, and access to the economic calendar. The MetaTrader 4 and MetaTrader 5 trading platforms for PC, as well as the MetaTrader mobile trading app for Android and iOS, are all available at Justforex. 

Founded in 2012, Justforex has a million active clients from over 190+ countries. Today, the business has made its place in one of the most popular world brokers. Justforex runs under the brand name of JF Global Limited (a registered company at St.Vincent and the Grenadines). 

The platform provides 150+ asset classes for trading, including stocks, indices, bonds, commodities, and Forex ECN.

For more information regarding the Justforex, continue reading the article till the end.

Justforex Review: Is it a Scam or Legit? 

The International Financial Services Commission (Belize) of St. Vincent & the Grenadines regulates JustForex. The business has been registered as an IBC with authority. Despite this, the broker has excellent feedbacks and reviews from clients.

Even though JustForex is not regulated, it adheres to strict security procedures and provides negative balance protection. As a result, it’s doubtful that JustForex is a scam. In addition, the platform doesn’t accept traders from the EU, US, Japan, and the UK.

Pros and Cons of Justforex:

Pros:

  • Accepts a wide range of payment methods
  • No commission on trading accounts
  • Offers Forex ECN Trading
  • Great Customer Support
  • FSA Regulated
  • Offers low minimum deposits
  • Offers leverage up to 1:3000
  • MT4 & MT5 platforms.

Cons: 

  • Not Regulated by FCA
  • UK, US, and EU traders are not accepted

Justforex Reviews: Types of Accounts Offered

A trading account is a way to access the forex market to execute trading operations. In this series, Justforex also offers several accounts to its users for forex trading. Learn more about these accounts below:

Demo Account:

This is a kind of account offered by almost every brokerage platform. This account is primarily for beginners who are new to forex trading. This account is an imitation of a real account, which helps you understand how trading takes place? Users will not need to deposit any amount to open this account as it is just for practicing and training purposes only.

This trading account helps to enhance the trading skills without any fear of losing real money. You can examine the actual situation of the forex market. As you trade with virtual money in this account, your demo earnings can help in understanding the potential profits you may get if you trade with a real account.

Standard Cent:

This account best suits both professional and beginners traders. If any trader hesitates to invest much, this trading account is the best choice as the balance in this account is measured in cents.

Understand the advantages of this account with these pointers:

  • This is an excellent type of account for improving your money management abilities. You can start trading with just a small sum of money.
  • This account is a fantastic approach to practice risk management.
  • You can experience all of the emotions of trading with real money while assuming a lower risk.
  • A tool for evaluating Forex advisors.
  • Helps in determining the ability to estimate the services of Justforex.

Standard Account: 

The standard account is probably one of the most popular and top recommended accounts for forex trading.

Take a look at a few benefits of this account.

  • The standard account offers an essential set of instruments.
  • ‘Stop Loss and Take Profit’ can be specified before or after an order is placed.
  • Provides tight spreads starting at 0.3 pips with Zero commission fees. 
  • Trading on daily charts and non-aggressive intraday trading are both possible with a Standard account.
  • No limits on trading methods and strategies.
  • Minimum Deposit is $1.
  • Account currency includes USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, and ZAR

Pro Account:

This type of account is specifically created for traders who are experienced and have good knowledge of financial markets.

Here are a few advantages of Pro Account.

  • Offers tight spreads, high leverage with Zero commissions.
  • No limitations on the number of orders and volume.
  • Offers a diverse choice of trading instruments, including more than 50 currency pairings, indices, metals, and commodities.
  • You are free to use all of your trading and investing strategies.
  • Minimum Deposit is $100.
  • Account currency includes USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, and ZAR.

Raw Spread Account:

A Raw spread account is a perfect option if you want to experience dynamic trading. This type of account best suits the traders who like to work on short timeframes, intraday, and frequent inputs and outputs.

Following are some advantages of the Raw Spread Account.

  • A perfect option for scalpers.
  • Lower spread in comparison to other accounts.
  • Access to a range of financial instruments.
  • Minimum Deposit is $100.
  • Account currency includes USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, and ZAR.
  • Leverage up to 1:3000

Islamic Account:

This account is specially created for people of the Islamic faith. According to Sharia law, trading with swaps is strictly prohibited.

Below are a few benefits of an Islamic Account:

  • Swap-free trading allowed.
  • Allows opening positions in currency pairs in which swaps costs are generally very high.

Justforex Reviews: Trading Instruments

Justforex’s users have access to a wide range of assets depending on the account they have. The platform provides around 140 instruments, which include the following:

  • Popular worldwide indexes such as the US30, US100, US500, UK100, and DE30 are available for trading.
  • Approx 60 forex currency pairs, including majors and exotics, are available.
  • WTI light crude oil, Brent crude oil, and spot metals like gold, silver, platinum, and palladium are all excellent investments.
  • You may invest in over 60 different equities, including Coca-Cola, Microsoft, Apple, Facebook, Netflix, Twitter, Amazon, and Alibaba.
  • Bitcoin, Ripple, Bitcoin Cash, Ethereum, EOS, Litecoin, Dashcoin are all available for trading in Justforex.

Justforex Reviews: Spreads and Commissions

The fees and trading costs in Justforex vary from one account to another. Some accounts offer zero commission, while some charge commission fees. For Instance, accounts such as Standard, Pro, Cent, and Mini are commission-free trading accounts, while ECN Zero account charges commission on the trading. However, the amount is not specified on the website.

The best thing about JustForex is that the platform offers low and floating spreads on all accounts. Spreads on the Standard Cent and Standard accounts start at 0.3 pips, 0.1 pips on the Pro account, and 0 pips on the Raw Spread account. Average live spreads on key forex pairs, such as GBPUSD are 0.7 and 0.6 on EURUSD, depending on account type. Index spreads such as those on the NASDAQ 100 and the Volatility 75 index are 1.0.

Justforex Reviews: Deposits and Withdrawal Process

Deposits:

The deposition process on Justforex is so quick and easy that it won’t take long. There are several payment methods available, which majorly includes:

  • Visa
  • MasterCard
  • Skrill
  • Neteller
  • PerfectMoney
  • Bank Transfer
  • mybux
  • FasaPay

The majority of payment methods listed above don’t charge any additional fee and offer a fast processing time, while few payment methods might take up to five banking days to get processed. 

Users are required to make a minimum deposit of $1 to start a Standard Cent or Standard trading account and a deposit of $100 to trade on a Pro or Raw Spread account.

Withdrawal:

There are a variety of options to withdraw your money, which is quite fast and secure. The time it takes for the money to be credited to your account once your withdrawal has been processed and released may vary depending on the payment method you used.

Justforex Reviews: How to Open an Account?

Anyone can open an account on Justforex as it is a fast and hassle-free process. But, before opening an account with Justforex, the first thing you should know is which type of account is suitable for you.

Here’s a step-by-step process for opening an Account with Justforex:

  • If you wish to open a forex trading account with JustForex, you’ll have to complete the basic KYC (Know your customer) process.
  • This will help JustForex to confirm that your personal information is valid and that your funds and account information are protected.
  • Following your first registration, you will receive an email with your login information, which will correlate to logging in on a trading platform that matches your account type.
  • In the initial sign-up step, you will need to provide information such as your first and surname name, citizenship, email address, and mobile number.
  • After completing the above step, choose a password for your account.
  • Following the registration process, you will be redirected to the dashboard of your account.
  • Congratulations! You are now good to go.

Justforex Reviews: Available Platforms for Trading

Justforex offers its users enhanced and advanced trading platforms such as MetaTrader4 and MetaTrader5. Let us understand these two terms briefly.

MetaTrader4: 

MT4 is one of the most enhanced and advanced trading platforms in the forex market. The dashboard is full of features such as 9 timeframes, 30 technical indicators, advanced charting, and real-time market analysis tools. The user-friendly features of this platform can be easily understood by beginners too.

MetaTrader5:

The MT5 platform provides a more advanced trading experience. This platform is created to benefit especially professional traders. One-click trading, 44 graphical objects, 38 technical indicators, 21 timeframes, built-in depth of market widgets, and an economic calendar are all available on the MT5 dashboard. Users may also personalize and modify their dashboards to meet their own requirements. On both platforms, MQL5 Signal Trading allows social investment.

Company Details: 

Assets:

Basic:

  • Regulation: International Financial Services Commission (Belize)
  • Min Deposit: $1
  • Supported Languages: English, Indonesian, Chinese, Malaysian

Customer Support:

  • 24/7 Customer Support
  • Phone No: +371 67 881 045, +44 1418 461237
  • Email: [email protected]
  • Call-back Facility Available

Justforex Reviews: Leverage

Justforex offers leverage of up to 1:3000, depending on the account you choose. As a result, users may use a variety of trading methods without having to make huge deposits. As more funds are deposited, the broker minimizes the risk of future losses by lowering the leverage size. Furthermore, the company’s website has information on leverage requirements as well as a margin calculator.

Customer Support:

Justforex offers 24×7 customer support in multi-lingual such as English, Indonesian, Malaysian and Chinese. The qualified support team can help users with account related issues and technical queries. 

The headquarter of Justforex is situated at JF Global Limited, Suite 305, Griffith Corporate Centre, PO Box 1510, Beachmont, Kingston, St. Vincent, and the Grenadines.

Contact Details:

  • 24/7 Customer Support
  • Phone No: +371 67 881 045, +44 1418 461237
  • Email: [email protected]
  • Live Chabot

Justforex Reviews: The Conclusion

After reviewing Justforex, it is no surprise to say that the company is quite a good trading platform for potential traders, offering a diverse range of trading products and low spreads. The broker also provides multiple account tiers with the industry-leading MT4 and MT5 platforms. With positive customer feedback, Justforex has a good reputation in the forex market. The platform’s bonus and promotion offers, as well as the fee-free deposit methods, will appeal to both novice and experienced traders.

FAQ:

Is Justforex a Good Broker?

With great features, Justforex can be termed as a ‘Good Broker’ company. The website provides an enhanced trading platform for both beginners and professional traders.

What is the Minimum Deposit for Justforex?

The deposit amount may vary from one account to another in Justforex. The minimum Deposit for the Standard and Standard Cent account is $1, while for the Pro and Raw Spread, it is $100.

Is Justforex a Reputed Platform?

Despite the fact that Justforex is an unregulated broker, it follows strict protocols.

Which Trading Platforms does Justforex offer?

The platform offers the most advanced and enhanced platforms: MetaTrader4 and MetaTrader5.

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