JustMarkets Review

JustMarkets is the forex/CFD brand for the beginner, the intermediate trader and the advanced trader. The brand offers the opportunity to test the waters of the live markets using a welcome bonus and a small lot account, so beginners can make a smoother transition without many bumps. The product offering of the company is simplified to enable all users to have an enhanced trading experience.

I. Background and Company Overview of JustMarkets

The JustMarkets brand started operations in 2012 and since then, it has spread its tentacles to cover 180 countries and jurisdictions. A multi-award winning broker, JustMarkets targets the international market where the regulatory environment is more flexible, allowing it to offer less stringent trading conditions that allows for improved trader participation.

What is drawing users to JustMarkets?

• Availability of a forex VPS.
• The JustMarkets mobile app that allows you to perform multiple non-trading functions in relation to your account.
• Membership of the Investor Compensation Fund (ICF) in the EU which provides trader insurance
• The $30 welcome bonus.

II. Trading Platforms and Tools

JustMarkets gives its traders access to all versions of the MT4 and MT5 platforms. Traders with the Standard Cent account do not have access to the MT5 platform.

The MT4 and its successor the MT5 come in two versions: a desktop client and a mobile app. The Webtrader is a browser-based platform that can be accessed from anywhere there is a computer and internet connection. The Webtrader is an exclusive feature of the MT5 platform.

The JustMarkets mobile app is an application for performing various account functions that are not related to trading activity. Such functions include account opening, deposit/withdrawal transactions, ID verification, and interaction with the customer service.

Those who want an additional repertoire of trading tools on JustMarkets can find them as follows:

• A Trader's Calculator uses the account type, asset and trade size to calculate the margin required to maintain a trade, the monetary value of the spread and the swap fees for long and short positions.
• New traders can make use of the copytrade service which has a Leaderboard and advanced analytics for trader selection.
• A Trading Hours chart provides traders with an idea of when to trade non-FX CFDs that trade in parent underlying exchanges.
• There is a forex VPS service.

III. Account Types and Spreads

JustMarkets operates a segmented account system where different accounts with different contract specifications are presented to its clients. Here are the account types available on the JustMarkets platform.

1. Standard
2. Pro
3. Raw Spread

The Standard account comes with a $1 minimum deposit requirements and spreads from 0.3 pips. It is a commission-free account that also comes with swap-free options. You can operate your account using the following currencies: USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR (9 in all). The Standard account is not available for EU clients.

The Pro account has a $100 minimum deposit requirement, with spreads as low as 0.1 pips. It is also commission-free just like the Standard account.

The Raw Spread account is the ECN-style account that comes with no spreads, but traders pay 6 units of the account currency per standard lot as commissions. The minimum deposit is $100.

These three accounts can be operated on the MT4 and MT5 platforms. A fourth account type, the Standard Cent account, is only available on the MT4. It comes with a $1 minimum deposit and is a crypto-based account which is denominated in USC stablecoin. Spreads start from 0.3 pips and it is a commission-free account which is suitable for beginners transiting from demo to real account conditions.

IV. Contract Specifications

What are the contract specifications on JustMarkets?

• Leverage is set at 1:3000 for all account types.
• The minimum order size on the Standard Cent account is 1,000 cent lots, with an increment of 0.01 cent lots. Other account types all have a minimum order size of 0.01 lots.
• The maximum order size on all account types is set at 100 standard lots, except for the Standard Cent account which has a maximum order size of 1,000 cent lots.
• The margin call/stop out levels on all accounts is set at 40% and 20%, respectively.
• The Standard, Pro and Raw Spread accounts have no limits as to the number of open positions that can be assumed by the trader. Traders on the Standard Cent account are capped at 100 simultaneous orders.
• The pricing format for FX pairs is set to 5 digits.
• Standard Cent account holders can only trade 33 forex pairs and 4 metals, while other account types have access to 61 forex pairs, 7 metal pairs, 12 indices, 14 crypto pairs, 163 share CFDs and 3 energy assets.

V. Security and Regulation

The JustMarkets brand is owned and operated by Just Global Markets Ltd, a Seychelles-based company. The company is authorized and licensed by the Seychelles Financial Services Authority, with license number SD088.

Residents of the following countries are unable to access JustMarkets's services due to local restrictions by regulators and ongoing financial sanctions: Canada, US, Australia, the EEA, United Kingdom, and other EU-sanctioned countries.

Security of clients' funds is achieved via funds segregation and a strong compliance desk.

VI. Customer Support and Education

Customer support on JustMarkets is multi-lingual and can be accessed using the following channels:

• Email: support@justmarkets.com; support@justmarkets.eu (EU users only).
• Phone: +248 4632027 (English only)
• Live chat
• Telegram: t.me/JustMarkets_Support_bot

Trading education is provided using online webinars, forex courses, trading videos and articles.

Conclusion

Test out ECN-style trading conditions with a little money, and get a feel of how to gradually step into the live market conditions with the range of accounts offered by JustMarkets.