JustForex Review

Author By Jeffrey Cammack
Updated: December 3, 2021
Overall Rating
3.73 3.73 / 5
Rated #39 of 57 Recommended Brokers
Min. Deposit
USD 1
Regulators
Trading Desk
Trading Cost
USD 9
Website Language
English
Support Language
English
AlertAccepts Australian Clients. Average spread EUR/USD 0.90 pips on trading account with lowest minimum deposit of 1 USD. Max leverage 3000:1. Islamic account available. MT4/MT5 platform supported. JustForex is not regulated.

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Summary

With a number of low-deposit accounts and tight spreads, JustForex appeals to traders familiar with the MT4 and MT5 platforms looking for low costs. However, JustForex is difficult to recommend as it is registered in St Vincent and the Grenadines which does not supervise brokers, so is essentially unregulated.

An STP broker, JustForex offers trading on indices, commodities, cryptocurrencies, share CFDs, futures, and over 66 Forex pairs, which should satisfy most traders.  JustForex has 7 live accounts on the MT4/MT5 trading platforms with minimum deposits starting at 1 USD, and spreads of only 0.90 pips (EUR/USD) on its Cent Account. Trading costs improve further on its Pro and Raw Spread accounts, with spreads of 0 pips (EUR/USD) in exchange for a commission of 6 USD (round turn) and minimum deposit requirements of 100 USD. 

JustForex’s responsive customer support is available 24/7 to help with any technical or account queries, but its educational content is limited, forcing traders to self-educate elsewhere.

Reviews

Regulation
100001/ 5
Trading Conditions
111115/ 5
Trading Platforms
11110.54.5/ 5
Deposit & Withdrawal
111104/ 5
Education & Research
1110.503.5/ 5
Assets Available
11110.54.5/ 5
Customer Service
11110.54.5/ 5
Beginner Friendly
Excellent
Bonuses
30 USD No Deposit Bonus. Verification Required

Account Information

Base Currencies
USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR
Number of FX Pairs
65
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Account

Trading Conditions

Min. Spread
0 pips
Commission
Fees Included in Spread
EUR/USD
0.00 pips
GBP/USD
0.20 pips
USD/JPY
0.10 pips
Max. Leverage
3000:1

Company Details

Company Name
GM Global Limited
Founded
2012
Office Locations
Saint Vincent

Is JustForex Safe?

While it seems as if JustForex has a history of responsible behaviour, JustForex is registered as a business with the FSA of SVG, which applies no supervision of trading-related activities, so any claims it makes regarding the security of funds cannot be proven.

Founded in 2012 and headquartered in St. Vincent and the Grenadines, JustForex is essentially an unregulated broker.  See below for registration details:  

  • JF Global Limited, Suite 305, Griffith Corporate Centre, PO Box 1510, Beachmont Kingstown, St. Vincent and the Grenadines, registration number 23993, registered by the Financial Services Authority (FSA).

According to its website, JustForex clients’ funds are deposited in segregated bank accounts, and it offers negative balance protection, which means that clients can lose all but not more than the balance of their trading account. However, these claims cannot be verified, because the FSA of St Vincent and the Grenadines provides no oversight of any trading-related activities.  

While JustForex has been operating since 2012 and has many satisfied customers, it is important to note that trading with an unregulated broker carries extreme risk. As unregulated brokers have no governmental oversight, any statements they make regarding their operations cannot be verified.  Furthermore, many countries do not recognize JustForex as a legitimate broker. 

Overall, Australian clients should proceed with caution should they decide to open an account at JustForex.  

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Group Regulators
Trading Desk
Website
Year Founded
Office Locations
Inactivity Fee
FSA-St-Vincent
STP
2012
Saint Vincent

 

Trading Fees

Justforex’s trading fees are lower than other similar brokers.   

JustForex offers 7 live accounts with varying minimum deposits on both the MT4 and MT5 trading platforms (click here for more on JustForex’s trading platforms).  Five of its accounts are commission-free, with trading costs included in the variable spreads, while the other two accounts have a tighter spread in exchange for a commission per lot traded. 

JustForex’s accounts were assessed to compare the costs to those of other Forex brokers. The costs were evaluated based on the trading fees on one lot (100 000 USD) on the EUR/USD, including the spreads and commission.  

When making this calculation, we used one lot of EUR/USD as a benchmark as it is the most commonly traded currency pair and it usually has the tightest spread.

Unfortunately, JustForex is not transparent about the average spreads associated with each account type, so these calculations were based on the minimum spreads. 

Trading Cost Formula: Spread x Trade Size + Commission = Cost in Secondary Currency (USD):

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Trading account
Min. Deposit
Min. Spread EUR/USD
Commission
Trading Cost (USD)
Pro
USD 100
0.10
None
Raw Spread
USD 100
0
6 USD/lot
Standard
USD 1
0.30
None
Standard Cent
USD 1
0.30
None

 

As you can see from the table above, JustForex offers three Standard Accounts on MT4 and MT5, including an MT4 Standard Cent Account. These are all entry-level accounts and have a minimum deposit of only 1 USD.  

Trading costs are a little higher than average across all three of the Standard Accounts – most good brokers’ entry-level accounts have a trading cost of 9 USD per lot of EUR/USD traded.  However, with no real minimum deposit requirements to speak of, these are still good accounts for beginner traders.

Trading costs improve significantly on the four Pro Accounts, but the minimum deposits here are higher, at 100 USD. 

Spreads are variable at JustForex, meaning that they will get wider or tighter depending on trade volume and market volatility – the spreads in the table above are minimum spreads.

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Broker
Trading Conditions
Base Currencies
EURUSD (Standard)
Trading Cost (Standard)
EURUSD (Best)
GBPUSD (Best)
USDJPY (Best)
Commission
JustForex
111115/ 5
USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR
0.90 pips
USD 9
0.00 pips
0.20 pips
0.10 pips
USD 0
Axi
11110.54.5/ 5
AED, CAD, EUR, GBP, JPY, NZD, PLN, SGD, USD
1.20 pips
USD 12
0.00 pips
0.10 pips
0.10 pips
USD 0
BDSwiss
11110.54.5/ 5
EUR, USD, GBP, PLN, DKK, SEK, NOK, CHF
1.50 pips
USD 15
0.30 pips
0.60 pips
0.30 pips
USD 0

Swap Fees

The final trading cost to consider at JustForex is the swap rate charged on positions held overnight. JustForex is completely transparent regarding its overnight financing rates and these can be found on the website for every instrument.

For instance, the fee for holding 1 lot of EUR/USD overnight in a long position on a Standard Account is -4.44, and -0.09 for a short position.  

Overall, JustForex’s trading costs are low compared to other brokers. The ongoing costs on the Standard Accounts are slightly higher than other brokers but the minimum deposits are negligible. The ongoing trading costs on the Pro Accounts are lower than average but the minimum deposits are higher, but still in line with what beginners would be happy to pay.

Justforex’s Non-trading Fees

JustForex’s non-trading fees are lower than other brokers.

Some of the most overlooked trading costs are the non-trading fees that are charged by brokers.  These fees can significantly affect your profitability and so should be carefully scrutinised.

JustForex charges no commissions on deposits or withdrawals, which is a welcome development in an industry where fees are charged on almost all transactions.

However, Just forex charges a fee of 5 USD per month after 151 days of dormancy, but these inactivity fees are lower than most other brokers.  

Opening an Account at JustForex

The account-opening and verification process at JustForex is seamless, fully digital and accounts are ready for trading immediately. 

All Australian residents are eligible to open an account at JustForex, as long as they meet the following minimum deposit requirements:

  • MT4 Standard Cent Account: 1 USD
  • MT4 Standard Account: 1 USD
  • MT4 Pro Account: 100 USD
  • MT4 Raw Spread Account: 100 USD
  • MT5 Standard Account: 1 USD
  • MT5 Pro Account: 100 USD
  • MT5 Raw Spread Account: 100 USD
  1. From the JustForex homepage, you will have to click on the ‘Registration’ tab where you will be directed to register an account with a name, email address, and password.  
  2. Next traders will have to complete a profile with their name, telephone number, and date of birth.
  3. Traders can then deposit funds into their accounts and begin trading.  
  4. In order to use the full range of services available at JustForex and to be able to withdraw funds, JustForex requires the following documents:
    1. Identification – High-resolution scanned copies or photos of an identity document, which verifies your person with a full name, photo, signature, date of birth, expiration date that are clearly visible and which is valid for at least 6 months from the moment of applying.
    2. Address of Residence – High-resolution scanned copies or photos of a document where your full name and address are clearly visible and match the data indicated in your profile. The document should be issued no later than 3 months ago.
    3. Credit Card – Credit Cards verification is not required for CUP (China Union Pay) cards. Please note: card verification is required only if you want to use Visa/MasterCard as a deposit and withdrawal method. 

Overall, JustForex’s account-opening process is fully digital and hassle-free and accounts are ready for trading immediately.

JustForex’s Trading Accounts

JustForex has a much wider range of account types than most brokers, but maximum leverage is very high (up to 1:3000), which can greatly increase the risk of account wipeout for those with lower minimum deposits.

JustForex offers seven live accounts (when you include the choice of the MT4 or MT5 trading platforms), which is many more than most other brokers. While trading costs are slightly above average on the Standard Accounts, the Pro Accounts offer relatively low trading costs but higher minimum deposits.

The three Standard Accounts on offer at JustForex are more suited to beginner traders. Beginner traders are inexperienced traders who have never traded before, or who have been trading for less than a year. Beginner traders often do not want to risk trading large sums of money and generally will not be able to trade full-time during the workweek.  

The three beginner-friendly Standard Accounts have low minimum deposits, though trading costs are higher than the industry average. The main issue with the Standard Accounts, and at JustForex in general, is the extreme leverage on offer – up to 3000:1 on some Forex pairs. With low minimum deposits, leverage this high will greatly increase the risk of an account wipeout, so beginner traders should be careful.

More experienced traders will be interested in the range of four Pro Accounts, which require a minimum deposit of 100 USD but have much tighter spreads – one of them features spreads of 0.6 pips on the EUR/USD with no commission.

Hedging, scalping, netting, and copy-trading are allowed on all accounts, and all are available as Islamic swap-free accounts.  

All accounts, except for the MT4 Standard Cent Account are denominated in 11 base currencies.  

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Display Name
Min. Deposit
Max. Leverage
Min. Spread
Commission
Pro
USD 100
3000:1
0.10
None
Account Details
Raw Spread
USD 100
3000:1
0
6 USD/lot
Account Details
Standard
USD 1
3000:1
0.30
None
Account Details
Standard Cent
USD 1
1000:1
0.30
None
Account Details

For ease of reading, we have grouped the MT4/MT5 accounts together, as the trading conditions are similar.  

MT4 Standard Cent Account

The MT4 Standard Cent account is designed for traders-beginners.  On this account, trading is denominated in US Cents.  The minimum deposit is 1 USD, leverage is up to 1000:1, spreads are average- starting at 0.9 pips – and no commission is charged.  Note that lots are measured as 1,000 USD, and minimum transaction orders are 0.01 cent lots.  

MT4/MT5 Standard Accounts

The minimum deposit on the Standard Account is 1 USD.  Leverage is high on this account, up to 3000:1, spreads start at 1 pip on the EUR/USD, which is wider than other brokers, no commissions are charged, and the minimum transaction is 0.01 lots.

MT4/MT5 Pro Accounts

The minimum deposit on the Pro Accounts is 100 USD.  Spreads start at 0.6 pips (EUR/USD), which is tighter than other brokers, leverage is 3000:1, and accounts can be denominated in 11 currencies. Pro accounts are commission-free and the minimum order is 0.01 lots.

MT4/MT5 Raw Spread Accounts

Raw Spread accounts are ECN accounts, on which a commission is charged – 3 USD per lot/side.  The minimum deposit on this account is 100 USD, leverage is 3000:1, spreads start at 0 pips, and accounts can be denominated in 11 currencies.  These trading costs are also much lower than other brokers.  

Demo Accounts

JustForex allows traders to test their strategies by opening a free demo account. Demo trading is a simulation of real Forex trading.  Traders are given a virtual currency balance of 5,000,000 USD and an unlimited time to gain experience on the Metatrader platforms, using all account options without the risk of losing real money. 

Deposits and Withdrawals

Although JustForex is unregulated, it states that all Anti-Money Laundering rules and regulations are followed.  Deposits can only be made using a bank account or card registered in the trader’s name, and no third-party deposits are allowed.  Withdrawals must be made to the same account or method that the funds originated. 

JustForex does not charge deposit or withdrawal fees except on cryptocurrencies.  Most deposits are instant, and JustForex takes one to two hours to process withdrawals during business hours. JustForex offers the following methods for deposits and withdrawals:

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Funding Method
Base Currency
Deposit Fees
Withdrawal Fees
Processing Time
Bank Transfer
Most currencies, including ZAR
Free
Free
Deposits are instant, withdrawals are processed within 1 - 2 hours
Mastercard
EUR, USD
Free
Free
Deposits are instant, withdrawals are processed within 1 - 2 hours
Neteller
EUR, USD, GBP, ZAR, CNY, MYR, JPY, AED, AUD, BRL, CAD, CHF, COP, INR, KRW, MXN, NGN, RUB, SGD, TWD
Free
Free
Deposits are instant, withdrawals are processed within 1 - 2 hours
PerfectMoney
EUR, USD
Free
Free
Deposits are instant, withdrawals are processed within 1 - 2 hours
SticPay
EUR, USD, JPY, KRW, CNY, PHP, AED, AUD, CAD, CHF, CLP, GBP, HKD, IDR, INR, MXN, MYR, NZD, RUB, SGD, THB, VND
Free
Free
Deposits are instant, withdrawals are processed within 1 - 2 hours
Visa
EUR, USD
Free
Free
Deposits are instant, withdrawals are processed within 1 - 2 hours
  • Bank Wire Transfers – Deposits are instant and free. Withdrawals are free, but bank charges apply and can take up to three to six bank days to reflect.
  • Local Bank Transfers – Deposits are instant and free. Withdrawals are free and take only one to two hours to be processed.
  • Debit/Credit card – Deposits are instant and free. Withdrawals are free, and withdrawals can take up to three days to be processed.
  • Worldwide Wallets (Skrill, Neteller, Perfect Money & Sticpay) – Deposits are instant and free. Withdrawals are free but may take one to two hours to reflect.
  • Cryptocurrencies (Bitcoin, Bitcoin Cash, Ethereum, Tether, USD Coin) – Deposits are charged at 1% and may take one to three hours to reflect. JustForex charges a Blockchain fee for withdrawals, and they may take one to two hours to be processed. 
  • Local Wallets (Fasapay, Doku Wallet, Alipay, bit wallet) – Deposits are free and instant. Withdrawals are free and take between one to two hours to reflect.

Overall, JustForex offers a wide range of funding methods, and deposits and withdrawals are free.  Additionally, JustForex has some of the quickest processing times in the industry. 

Bonus Structure

  • All Standard Cent, Pro, Standard account-holders receive a 50% bonus on a deposit of up to 100 USD and more.
  • All Pro, Standard account-holders receive a 100% bonus on a deposit of 100 USD and more.
  • All Pro, Standard accounts clients receive a 120% bonus on a deposit of 500 USD and more.

Bonuses are only available on the first deposit.  See the JustForex website for more offers.

Base Currencies (Trading Account Currencies)

JustForex offers a much wider range of trading account currencies than many other brokers.

While JustForex offers a huge range of trading account currencies, the MT4 Standard Cent Account is only denominated in US cents.  The other six trading accounts are denominated in 11 currencies, including USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, and ZAR.

Unfortunately, JustForex does not offer accounts denominated in AUD, which means that Australian clients will have to pay currency conversion fees on deposits and withdrawals.  

For traders that trade in large volumes (more than 10 lots a month), it is better to open an account denominated in USD at a digital currency bank, especially for trading on assets such as the EUR/USD. This is because when trading a USD quoted currency pair with another currency account, there will be a small conversion fee for every trade made.

Overall, JustForex offers more trading account currencies than most other large international brokers, but it doesn’t offer accounts denominated in AUD.  

Trading Platforms

JustForex’s trading platform support is average compared to other brokers.  

JustForex offers support for the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.  As the most widely used platforms on the market, they are simple to navigate yet offer a powerful range of features, charts, and analysis tools. MetaTrader allows immediate and accurate access to international financial markets and delivers feature-rich, user-friendly interfaces designed to fulfill all trading needs and boost trading performance.

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Broker
Platform Choice
Copy Trading
Platforms
JustForex
11110.54.5/ 5
Axi
111104/ 5
BDSwiss
11110.54.5/ 5

MetaTrader 4

MT4 was developed in 2005 and is still considered one of the best trading platforms on the Forex market.  MT4 allows one to make money on Forex with a consistent and useful interface.  It supports indicators, expert advisers, and other tools for real-time market analysis. One can also create instruments and share them with other traders.  Other features of MT4 include:

  • Four types of order execution, including Market, Limit, Stop, and Trailing Stop orders.
  • Superior charting tools in nine timeframes
  • 30 technical indicators
  • 23 analytical objects
  • Algorithmic trading, which allows any trading strategy to be formalised and implemented as an Expert Advisor. 
  • Backtesting capabilities
  • Dedicated customer support

JustForex MT4

MetaTrader 5

MetaTrader 5 is the latest trading platform developed by MetaQuotes Software Corp. Set to replace MT4, MT5 is more intuitive and offers significant improvements in copy trading, mobile trading, and other innovative features that make trading account management more efficient.  Other features of MT5 include:

  • 38 technical indicators
  • 44 graphical objects
  • 21 timeframes
  • One-click trading
  • Built-in depth of market widgets
  • Economic calendar.

Overall, although JustForex only offers the Metatrader suite of platforms, which are not as beginner-friendly as the proprietary platforms offered at other brokers, MT4 and MT5 are considered some of the best third-party platforms in the industry.

JustForex Mobile Trading 

JustForex’s mobile trading platforms are average compared to other similar brokers.  It offers mobile versions of MT4 and MT5, but no proprietary mobile trading solutions.  

JustForex offers support for MT4 and MT5 mobile trading apps for Android and iOS. Traders should be aware that there is some loss in functionality when compared to the desktop trading platforms, including reduced time frames and fewer charting options, but traders can close and modify existing orders, calculate profit and loss, and trade on the charts. 

Trading Tools

JustForex offers a limited range of trading tools compared to other Forex brokers.

​JustForex offers support for a social trading platform, MAM accounts, and a VPS hosting service.  Most other brokers also offer additional tools such as Trading Central or Autochartist to help traders make better trading decisions.

Social Trading

Social trading is a service that allows investors to follow the trading strategy and copy trades of professionals, which are also known as signal providers. JustForex provides a list of signal providers that are rated based on various criteria: trading period, maximum drawdowns, best trades, profit factor. Top-ranked signal providers are displayed first in the list.

Usually, the actions of experienced Forex traders are used as a guide for beginners. It reduces the time for market research and analytics before trading on Forex. Social trading is useful for traders who have no time for training or making independent investment decisions. 

MQL5 Signals is a product from the developers of MetaTrader 4, which allows followers to copy the signals of successful traders and copy their transactions directly from the MetaTrader terminal. 

MAM Accounts

JustForex offers an account management service to its clients which allows account managers to trade on their behalf. Multi-Account Manager (MAM) is the software that allows fund managers, money managers, and portfolio managers to manage multiple trading accounts at the same time with the use of one trading account.

The MAM software provides all the features of the regular MT4 platform, including the usage of charting packages and expert advisors. All processing is centralized and server-based, hundreds of accounts can be traded with one click and there is virtually no delay in allocations.

ForexVPS

JustForex recommends using a VPS service, provided by Vultr.com.  Traders will have to contact the VPS provider directly to find out about the costs associated with using the service.

VPS services ensure that trades are never disrupted by technological or connectivity issues, such as load-shedding or internet service failure, which is a benefit to algorithmic traders who need to be connected to a server 24/7 to maximise uptime.  Other benefits of the VPS service include:

  • 24/6 VPS email support
  • 24/7 Redundant power to your VPS
  • 24/7 Redundant internet connectivity to your VPS
  • Low latency connectivity to FP Markets trading servers for precision trading
  • Uninterrupted EA trading
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Broker
Economic Calendar
Autochartist
Trading Central
Trading View
Free VPS
JustForex
Axi
BDSwiss

Overall, JustForex would do well to add some more tools to its trading arsenal to help clients make better trading decisions.

JustForex Financial Instruments

JustForex offers a limited number of financial instruments compared to most other brokers, but its Forex offering is decent.

JustForex’s range of financial instruments for CFD trading (click here for more details on CFD trading), including Forex, share CFDs, indices, futures, cryptocurrencies, and commodities:

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Financial Instrument
Number of Assets
Leverage
Cryptocurrencies
7
10:1
Stock CFDs
63
20:1
Forex
65
3000:1
Futures
23
50:1
WTIs
  • Forex: JustForex has over 65 currency pairs available for trading, a broader range than most other brokers.  These include majors (EUR/USD, GBP/USD, and USD/JPY), minors (NZD/JPY, GBP/JPY, and USD/ZAR), and exotics. 

  • Share CFDs: JustForex offers only 63 share CFDs for trading, which is limited compared to other large international brokers.  The selection available includes some of the major US, UK, and European Exchanges. CFDs on shares are subject to dividends. They are credited to trading accounts that have open positions at 00:00 GMT+3 on the day preceding the day of the dividend payment. 

  • Indices: There are 11 indices available for trading at JustForex, which is around the average available at other similar brokers. The most popular indices are those that combine the shares of some of the largest and globally acknowledged companies.   These include the S&P 500, the FTSE 100, the NASDAQ 100, and the Dow Jones 30, among others. 

  • Commodities: JustForex offers trading on 10 commodities, which is around the average available at other brokers.  Commodities include metals such as gold and silver and energies like Brent Crude Oil and Lite Crude Oil.

  • Futures: JustForex offers trading on 23 futures, which is average compared to other brokers.  Futures include SPX 500 futures, softs such as coffee, sugar, and cocoa, and Euro bund futures.  

  • Cryptocurrencies: Crypto CFDs are available on some of the JustForex accounts. there are 7 crypto pairs available, including Bitcoin, Ethereum, Litecoin, and Ripple. The spreads vary significantly compared to other traditional Fiat currencies.  It is not unusual for spreads to be as wide as 75 pips on Bitcoin, but cryptocurrency spreads vary greatly, so if you trade these currencies, watch your margins.

Overall, the selection of CFD trading instruments available at JustForex should be viewed as the bare minimum and is not adequate for professional clients.  However, JustForex offers trading on over 65 Forex pairs, which is much more than is usually on offer at other brokerages.  

JustForex for Beginners

JustForex has a mediocre range of educational materials, which is neither well-organised nor well-structured. Justforex’s market analysis materials, on the other hand, are frequently updated and relevant. It also boasts unlimited demo accounts and a responsive customer service team available 24/7 for all client-related and technical queries. 

Educational Materials

JustForex’s educational materials are limited compared to other brokers, and it is neither well-structured nor well-organised.  

JustForex provides beginner traders with various educational materials, including training webinars, educational videos, a glossary of terms, and an array of articles.  

  • Forex Articles: JustForex offers a large number of articles, and while the quality of the content is decent, it is difficult to find what you are looking for.  
  • Educational videos: JustForex’s videos are comprised of 5 short tutorials on how to use the Metatrader platforms.
  • Training webinars: Although it states that it offers webinars, traders will only be able to find an archive of previous webinars linked to JustForex’s YouTube channel.  There are no future webinars scheduled.  
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Broker
Beginner Course
Advanced Course
Well Structured Education
Education Quality
Webinars
JustForex
Medium
Axi
Medium
BDSwiss
High

Market Analysis Material

Justforex’s markets analysis materials are better than many other brokers.  They are comprehensive and frequently updated.  

JustForex provides an up-to-date Market Overview, Market News, and technical analysis in addition to daily forecasts and an Economic calendar.  

Justforex’s in-house team of analysts provides updates of the various market events.  These materials are updated on a daily basis and are freely available to all visitors of the site.

Traders also receive multiple updates throughout the trading day, which can consist of brief fundamental summaries, technical trading alerts, and cryptocurrency analysis. Some content is text-only, and the rest includes charts and trading ideas.

JustForex also offers an economic calendar, a comprehensive log of all scheduled macroeconomic releases.

Customer Support

JustForex offers support in five different languages, including English, Malaysian, Indonesian, Russian and Chinese.  Help is available 24/7 (only in English) and during business hours for Indonesian and Malay via telephone, email, messenger, and live chat.  JustForex also offers a call-back option. 

For the purposes of this review, we found customer service responsive, polite, and extremely helpful.

Evaluation Method

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of how we review JustForex’s product offering. Central to that process is the evaluation of the broker’s reliability, the platform offering of the broker, and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

Risk Warning

Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. JustForex would like you to know that: Trading on the Forex market is connected with risk.  Investments can fall and rise. You may get back less than you invested. Past performance is no guarantee of future results. Clients should be aware that trading through JustForex carries a high risk of losing money on the Forex market.

Overview

An STP broker, JustForex offers excellent trading conditions on seven live accounts and support for the MT4 and MT5 platforms. Additionally, its non-trading fees are lower than other similar brokers.  

While JustForex’s market analysis materials are of a high quality and are frequently updated, its educational materials are somewhat limited.   

Another major drawback for traders considering JustForex is that it is unregulated. However, JustForex claims that client funds are placed in segregated bank accounts and that all customers are offered negative balance protection, but these cannot be verified. 

AlertAccepts Australian Clients. Average spread EUR/USD 0.90 pips on trading account with lowest minimum deposit of 1 USD. Max leverage 3000:1. Islamic account available. MT4/MT5 platform supported. JustForex is not regulated.
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Overall Rating
Min. Deposit
Regulation
Trading Desk Type
Trading Instruments
Forex Pairs
Crypto Pairs
Pros
Cons
Regulation
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
% Lose with this broker
Leverage
Spread
Hedging
Scalping
Account Types
Islamic Account
Trading Platforms
Funding Methods
Trading Commission
1110.503.73/ 5
USD 1
Financial Services Authority – St. Vincent & the Grenadines
STP
Stock CFDs
Forex
WTIs
Cryptocurrencies
Futures
65
7
    • Not properly regulated
    • Limited education
    • Limited market analysis
    • Extreme leverage
    100001/ 5
    111115/ 5
    11110.54.5/ 5
    111104/ 5
    1110.503.5/ 5
    11110.54.5/ 5
    11110.54.5/ 5
    0 of retail investor accounts lose money when trading CFDs with this provider
    3000:1
    0 pips
    Pro
    Raw Spread
    Standard
    Standard Cent
    Bank Transfer
    Mastercard
    Visa
    Neteller
    SticPay
    PerfectMoney
    Fees Included in Spread
    11110.54.34/ 5
    AUD 5
    FCA Regulated Brokers
    ASIC Regulated Forex Brokers
    Dubai Financial Services Authority
    ECN/DMA
    Forex
    Commodities
    Cryptocurrencies
    Indices
    Stock CFDs
    Metals
    WTIs
    70
    6
    • Low minimum deposit
    • Wide range of assets
    • Well regulated
    • Tight spreads
    • Poor customer service
    • Limited demo account
    11110.54.5/ 5
    11110.54.5/ 5
    111104/ 5
    11110.54.5/ 5
    11110.54.5/ 5
    11110.54.5/ 5
    111104/ 5
    75.6% of retail investor accounts lose money when trading CFDs with this provider
    30:1
    0 pips
    MT4 Pro Account
    MT4 Standard Account
    Visa
    Mastercard
    Maestro
    Skrill
    Neteller
    Bank Transfer
    7 USD / lot - PRO account
    11110.54.32/ 5
    AUD 100
    CySEC Regulated Brokers
    Financial Services Commission
    The Seychelles Financial Services Authority
    Market Maker
    STP
    Commodities
    Cryptocurrencies
    Forex
    Indices
    Stock CFDs
    50
    26
    • Tight spreads
    • Good for beginners
    • Wide range of assets
    • Expensive withdrawals
    1110.503.5/ 5
    11110.54.5/ 5
    11110.54.5/ 5
    111115/ 5
    111115/ 5
    111104/ 5
    11110.54.5/ 5
    72.5% of retail investor accounts lose money when trading CFDs with this provider
    30:1
    0.30 pips
    Classic
    VIP
    Raw
    Bank Transfer
    Sofort Banking
    Visa
    Mastercard
    Skrill
    Neteller
    Giropay
    5 USD / lot - RAW account
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