Overall, JustMarkets can be summarised as a trustworthy and highly regulated Forex Broker that offers access to an extensive selection of financial instruments and highly competitive trading conditions. JustMarkets has a trust score of 90 out of 99.  

JustMarkets Review – Analysis of Brokers’ Main Features

1. ☑️ Overview
2. ☑️ Detailed Summary
3. ☑️ Safety and Security
4. ☑️ Account Types
5. ☑️ How To Open an Account
6. ☑️ Trading Platforms and Software
7. ☑️ Fees, Spreads, and, Commissions
8. ☑️ Which Markets can You trade with JustMarkets?
9. ☑️ Leverage and Margin
10. ☑️ Deposit and Withdrawal
11. ☑️ Educational Resources
12. ☑️ Pros and Cons
13. ☑️ In Conclusion
14. ☑️ Frequently Asked Questions

 

Overview

JustMarkets is a reputable brand that offers an extensive selection of financial instruments and highly competitive trading conditions. It caters to traders seeking a comprehensive online environment that is easily accessible. The brokerage firm was established in 2012 and has recently undergone rebranding efforts to signify its global presence. Its services are available to investors across more than 197 countries, providing inexperienced and seasoned investors access to diverse offerings. JustMarkets’ attractiveness stems mostly from its huge asset collection. From the ever-popular forex pairings to the dynamic world of cryptocurrencies, traders may explore various products, including indices, commodities, and individual stocks. This versatility accommodates a broad range of trading techniques and risk tolerances, enabling traders to adapt their portfolios to their unique objectives. Beyond the variety of its products, JustMarkets stands out for its dedication to low trading fees. The broker’s razor-thin spreads guarantee that a greater share of possible gains reach the trader’s pocket. Furthermore, the broker provides four different account types, each with its features and leverage choices, enabling traders to choose the best match for their trading money and risk tolerance.  

Detailed Summary

 

Do any financial authorities regulate JustMarkets?

Yes, JustMarkets is regulated by many financial regulators, including the FSA, CySEC, FSCA, and FSC, ensuring it adheres to stringent industry standards for client safety.  

What types of trading does JustMarkets offer?

JustMarkets provides a wide selection of trading alternatives, including forex, indices, commodities, cryptocurrencies, and stocks, to suit a variety of trading methods and risk preferences.  

Safety and Security

JustMarkets takes the security of its customers’ assets and personal data very seriously and uses a variety of safeguards to create a safe trading environment. The Broker is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Commission (FSC) of Saint Vincent and the Grenadines, ensuring rigorous adherence to financial standards and operational integrity. JustMarkets separates customer money from the company’s operating finances to protect client assets, adding an extra degree of protection. JustMarkets also uses negative balance protection for Pro and Raw Spread accounts, ensuring customers’ losses do not exceed their initial deposit. To ensure the integrity of data transmission, JustMarkets employs SSL encryption, which safeguards critical information as it crosses the internet. Two-factor authentication (2FA) is available for account access and financial transactions, providing an additional layer of verification to improve account security.    

What security measures does JustMarkets employ to protect client information?

JustMarkets secures its customers’ personal information and financial transactions via SSL encryption and two-factor authentication.  

Does JustMarkets offer any protection against negative balance?

Yes, JustMarkets offers negative balance protection on specific account types, ensuring traders do not lose more than their account balance.  

Account Types

MT4 Standard Cent Account

The MT4 Standard Cent Account is designed for beginners in the trading arena, providing a realistic and low-risk introduction to Forex trading. By utilizing pennies as the foundation currency and enabling micro-lot trading, newcomers may have a realistic learning experience. This account is excellent for novices who want to experiment and develop their trading methods without the danger of significant cash loss. Furthermore, starting with a $10 minimum deposit and no commission fees is a great place. The option for swap-free trading, with a maximum leverage of 1:3000 and the capacity to store up to 100 orders, makes it a comprehensive yet cautious alternative for individuals just beginning out in trading.

MT4 Standard Account

The MT4 Standard Account is a flexible option for traders ranging from beginners to advanced. It combines simplicity and diversity, offering diverse tradable products without commission fees. With a minimum investment of $10 and a maximum leverage of 1:3000, it is accessible and flexible. The account accepts several base currencies and offers a full trading experience with access to a wide range of Forex pairings, commodities, indices, cryptocurrencies, stocks, and energy. This account is ideal for frequent trading since it allows unlimited maximum orders and standard lot sizes.

MT4 Pro Account

Designed for experienced traders, the MT4 Pro Account in Singapore offers tighter spreads and a competitive trading environment. It is designed for high-volume trading, with a $100 minimum deposit and no commissions. This account gives you an advantage with quicker execution times and access to a wide choice of trading products, including currency pairs, metals, indices, cryptocurrencies, stocks, and energy. The account supports a variety of base currencies, has a maximum leverage of 1:3000, and has ultra-tight spreads beginning at 0.1 pips. It is an excellent option for professionals seeking efficiency and accuracy in trading tactics.

MT4 Raw Spread Account

The MT4 Raw Spread Account is the best option for traders who want to keep spread expenses to a minimum, making it ideal for scalping and high-frequency trading. It provides direct market pricing with a $100 minimum deposit and commission fees of three units of the base currency per lot/side. This account is built for precision and accuracy, with typical spreads beginning at 0.0 pips and a maximum leverage of 1:3000. It offers many base currencies and trading instruments, making it ideal for traders who want the lowest spreads and direct access to the market prices.

MT5 Standard Account

The MetaTrader 5 platform’s sophisticated capabilities are utilized by the MT5 Standard Account, making it an excellent choice for traders seeking a wider range of financial instruments and analytical tools. With just $10 required as an investment and no commission fees, this account is suitable for various types of traders. It also accepts several base currencies while offering a maximum leverage ratio of 1:3000. This trading account provides access to an extensive selection of products, such as FX pairings, commodities, indexes, cryptocurrencies energy stocks. As it combines cutting-edge platform features with diverse trade options, those looking into in-depth market research will find numerous opportunities here that make their trades more valuable than ever before!

MT5 Pro Account

The MT5 Pro Account is similar to the MT4 Pro Account but has more advanced features from the MT5 platform. It is intended for professional traders in Singapore who want the intricacy of MT5 combined with competitive account conditions. This account provides an ideal trading environment with a $100 minimum deposit, no commission fees, and spreads beginning at 0.1 pips. The account accepts a broad variety of base currencies, has a maximum leverage of 1:3000, and gives access to diverse trading assets. It is an excellent alternative for professionals who want MT5’s extensive features and competitive trading environment.

MT5 Raw Spread Account

This account combines the raw spread model with MT5’s sophisticated features, making it the best option for high-volume traders looking for optimum pricing and complete analytical tools. With a minimum deposit of $100 and commission costs of three units of the base currency per lot/per side, it provides direct market pricing and the tightest spreads. The account accepts a variety of base currencies, has a maximum leverage of 1:3000, and allows access to a broad range of trading products. It is designed for traders who want the tightest spreads and the full functionality of the MT5 platform for extensive market research and trading plan execution.

Demo Account

The JustMarkets Demo Account is an excellent instructional resource for traders of all skill levels. It mimics a genuine trading environment using virtual funds of up to $5 million, enabling traders to practice risk-free trading. This account lets users get acquainted with the MetaTrader platforms, experiment with various trading techniques, and learn market dynamics without incurring financial risk. With a 30-day term, it is ideal for novices to acquire confidence and expertise and for experienced traders to try new strategies in a simulated market scenario.

Islamic Account

The JustMarkets Islamic Account is created for traders who comply with Sharia law. This account removes swap costs on overnight holdings, per the Islamic ban of interest. It provides a straightforward pricing system with no hidden costs, which appeals to traders concerned about complying with Islamic financial standards. Traders can easily change their Standard Cent, Standard, Pro, or Raw Spread accounts to Islamic accounts, accessing the same variety of products and trading conditions as conventional accounts while being ethically compliant.  

Are there any accounts that cater to professional traders?

Yes, JustMarkets has MT4 Pro and MT5 Pro accounts, which are targeted at experienced traders and include tighter spreads and customization options.  

Does this Broker provide an account type for scalpers and day traders?

Yes, JustMarkets provides the MT4 and MT5 Raw Spread accounts, ideal for scalpers and day traders because of their raw spreads and larger volume trading capabilities.  

How To Open an Account

To register an account with JustMarkets and start trading, follow these steps:

• Visit the JustMarkets website and click the “Register” button.
• Fill out the registration form with your details.
• Choose an account type.
• Choose your base currency.
• Set your leverage.
• Set a password for your account.
• Click the “Create Account” button.

After you have created your account, you will need to validate your email address. JustMarkets will send you an email including a verification link. Click the link to confirm your email address.  You can make deposits into your account when it has been validated. JustMarkets allows various deposit options, including credit cards, debit cards, bank transfers, and e-wallets.  

How can I start the process of opening an account?

To create a JustMarkets account, go to their website and select “Register,” then follow the prompts to complete the registration form.  

What is the minimum deposit to open a trading account?

JustMarkets requires a $10 deposit for Standard accounts and $100 for Pro and Raw Spread accounts.  

Trading Platforms and Software

MetaTrader 4

JustMarkets’ MetaTrader 4 platform exemplifies sophisticated trading technology, catering specifically to individuals who seek reliability and user-friendliness in their trading operations. The platform’s interoperability with various products, including Forex, commodities, and indices, complements Singapore’s diverse trading environment. MT4‘s powerful charting capabilities provide traders with in-depth insights into market movements, allowing for detailed technical analysis required for strategic trading. Furthermore, the security standards, including tight data encryption, provide a secure trading environment, which is an important concern for traders undertaking online financial transactions, boosting trust in the digital trading realm.

MetaTrader 5

JustMarkets’ MetaTrader 5 platform enhances the trading experience. MT5 is ideal for traders looking for a full trading toolbox since it expands its offers beyond conventional asset classes, allowing traders to access a bigger market. Its powerful analytical resources, augmented by various technical indicators and graphical tools, give traders a detailed perspective of market circumstances, making it easier to develop complex trading strategies. The platform’s robust order management system, which can handle various order types, reflects the numerous trading strategies used in Singapore’s dynamic financial environment. This makes MT5 an excellent tool for traders ranging from the fast-paced day trader to the astute long-term investor.

Proprietary App

The JustMarkets App embodies mobile trading, providing a fluid and simple interface that allows traders to manage their portfolios with nimble agility, essential in Singapore’s fast-paced economic climate. Because of the app’s connection with JustMarkets’ trading environment, users may expect stable market pricing and fast execution times similar to those seen on desktop platforms. For traders who must balance market activity with other obligations, the JustMarkets App is a valuable ally, allowing them to remain connected with the market and execute deals quickly, regardless of their physical location.  

What trading platforms are available?

JustMarkets provides the renowned MetaTrader 4 and MetaTrader 5 platforms and a customized mobile app for trading on the move.  

Does the Broker have proprietary trading software?

No, JustMarkets does not provide a proprietary trading platform but a mobile application.    

Fees, Spreads, and, Commissions

Spreads

JustMarkets offers a dynamic spread environment tailored to account type and market conditions. It offers ultra-tight spreads for EUR/USD pairs with a Raw Spread account, while Standard Cent and Standard accounts provide spreads at 0.8 pips. The spread structure applies to various instruments, with silver and gold spreads ranging from 3.6 to 1.8 and 1.9 to 0.6 pips, respectively. Cryptocurrencies like BTC/USD have variable spreads, demonstrating JustMarkets’ responsiveness to the volatility of digital assets.

Commissions

JustMarkets offers MT4 and MT5 Raw Spread accounts with a three-unit base currency charge per lot per side, providing a clear pricing structure for traders with tight spreads. This pricing model particularly appeals to scalpers and high-frequency traders, who rely on narrow spread advantages to optimize their trading expenses.

Overnight Fees

JustMarkets’ overnight costs, also known as swap rates, are crucial for traders with holdings lasting more than one trading day. These costs vary by instrument and job type. Long positions in currency pairs, like EUR/USD, may incur higher costs than short positions. Cryptocurrency holdings, Brent Crude, and indices also have overnight costs that traders should be aware of, especially those with a strategic focus on holding positions for a long period.

Deposit and Withdrawal Fees

JustMarkets’ approach to deposit and withdrawal fees is trader-centric, with the broker removing all extra costs on these transactions. This approach is especially favorable to traders since it lowers the total cost of trading. Nonetheless, while JustMarkets waives its fees, traders should be aware of any charges imposed by third-party financial institutions or payment processors, particularly when conducting international bank transfers or using various payment gateways that may have their fee structures.

Inactivity Fees

Inactivity fines apply to accounts not traded for more than 150 days. JustMarkets charges an administrative cost to retain these inactive accounts, which increases to $5 per month after a year of inactivity. This cost reminds traders to remain involved or withdraw money if they intend to stop trading for a long period, avoiding the progressive erosion of capital due to inactivity penalties.

Currency Conversion Fees

Currency conversion fees are an extra expense for traders who deposit or withdraw money in a currency other than their account’s base currency. These fees could considerably affect people who deal in many currencies. Therefore, traders must include these extra charges in their capital management decisions. Being smart about currency conversion may lead to better control of trading expenditures, which is particularly significant for traders who deal with several currencies regularly.  

What are the typical spreads?

Spreads at JustMarkets begin at 0.0 pips on Raw Spread accounts and fluctuate based on the account type and market circumstances.  

Are commissions charged on trades?

Yes, JustMarkets imposes costs on its MT4 and MT5 Raw Spread accounts, beginning at $6 per lot.  

Which Markets can You trade?

JustMarkets offers the following Trading Instruments and Products:

• 13 indices
• 3 forms of energy commodities
• 61 currency pairs
• 7 metal trading products
• 14 cryptocurrency pairings

Finally, there are 165 stocks accessible for trading, which is a significant amount of shares.  

What forex pairs can I trade with JustMarkets?

JustMarkets trades 61 FX pairs, including major, minor, and exotic.  

Can I trade cryptocurrencies with JustMarkets?

Yes, JustMarkets offers trading on 14 different cryptocurrency pairings, addressing the increased demand in digital currency markets.  

JustMarkets Leverage and Margin

JustMarkets offers a broad range of leverage options, allowing traders to use various techniques regardless of capital strength. This versatility is manifested via leverage ratios ranging from a cautious 1:1 to a dynamic maximum of 1:3000. JustMarkets account type has its leverage maximum. Standard accounts have a top maximum of 1:3000, while Pro and Raw Spread accounts have lower limitations to accommodate more experienced traders. Furthermore, a tiered structure depending on account equity automatically modifies the maximum leverage offered. For example, a trader with less than $1,000 can leverage at 1:3000, but if their equity rises beyond $40,000, the leverage ratio falls to 1:500. In addition to considering account types and equity, the “High Margin Requirements (HMR)” concept can be a crucial factor in certain scenarios.  

What maximum leverage does JustMarkets offer?

JustMarkets provides leverage up to 1:3000, allowing traders to handle significant positions with a minimal initial commitment.  

Are margin requirements at JustMarkets dynamic?

Yes, JustMarkets’ margin requirements are dynamic and might change depending on the equity in your trading account and market circumstances.  

Deposit and Withdrawal

Here is an overview of how to deposit to JustMarkets via the most popular Deposit Options:

Bank Wire

• Log into your JustMarkets account and go to the “Finance” section.
• From the available choices, pick “Deposit” and then “Bank Wire Transfer.”
• Enter the desired deposit amount and account currency.
• Download and examine the wire transfer information, including the bank and reference number.
• Make the transfer from your bank account using the information supplied.
• Once completed, notify JustMarkets by either submitting a confirmation document or calling customer service. The funds will be credited within 24 hours.

Credit or Debit Card

• Log into your JustMarkets account and go to the “Finance” section.
• Select “Deposit” and “Credit/Debit Card” from the available choices.
• Enter your card information, including the number, expiration date, and CVV code.
• Enter the desired deposit amount and currency.
• If asked, provide any further security verification needed by your card issuer.
• After successful verification, your cash will be promptly deposited to your JustMarkets account.

Cryptocurrency Wallets

• Log into your JustMarkets account and go to the “Finance” section.
• Select “Deposit” and then choose your desired coin from the list.
• Make a copy of the displayed deposit address for your coin.
• Open your crypto wallet and make a transfer to the copied address.
• Enter the transferred amount into the “Payment Amount” section on the JustMarkets deposit page.
• Wait for blockchain confirmation (often within 30 minutes). After successful confirmation, your cash will be credited to your JustMarkets account.

e-wallets or Payment Gateways

• Log into your JustMarkets account and go to the “Finance” section.
• Select “Deposit” and choose your favorite e-wallet or payment gateway from the list.
• Enter the desired deposit amount and currency.
• You will be led to your preferred e-wallet or payment gateway platform.
• Log in to your e-wallet or payment gateway account to complete the transaction.

Once completed, your cash will be promptly deposited to your JustMarkets account. Here is an overview of how to make a Withdrawal from JustMarkets via the most popular Withdrawal Options:

Bank Wire

• Enter your login credentials to access your trading account.
• On the account dashboard, locate the “Withdrawal” option.
• Select ‘Bank Wire Transfer’ from the withdrawal options menu.
• Input the desired withdrawal amount and provide your financial information.
• Verify the information, then send in your withdrawal request.

Credit or Debit Card

• Log into your JustMarkets account dashboard.
• On the dashboard, choose the ‘Withdrawal’ option.
• Select “Credit/Debit Card” as the mode of withdrawal that you desire.
• Indicate the card information and withdrawal amount.
• Verify that the card was used to deposit the money and is in your name.
• Once the information has been confirmed, send in your withdrawal request.

Cryptocurrency Wallets

• Use your login credentials to access your account.
• Select the “Withdrawal” area.
• Select the choice for a cryptocurrency wallet.
• Input the amount and provide the address of your cryptocurrency wallet.
• Since transactions cannot be undone, make sure the address is accurate.
• Verify the details once again and confirm the withdrawal.

e-wallets or Payment Gateways

• Enter your login information to log in.
• Locate and choose the “Withdrawal” option.
• Choose your payment gateway or e-wallet (Skrill, Neteller, etc.).
• Enter the amount you want to be withdrawn.
• Enter your ID or e-wallet account.
• Examine the information and validate the transaction.

 

How can I deposit funds into my JustMarkets account?

You can fund your JustMarkets account using various means, including bank wire, credit/debit cards, e-wallets such as Skrill and Neteller, and cryptocurrency.  

What is the withdrawal process at JustMarkets?

To withdraw from JustMarkets, log in to your Back Office, click ‘Withdraw,’ choose the withdrawal option that matches your deposit method, input the amount, and follow the payment provider’s prompts.  

Educational Resources

Quick Start is a resource that is intended to quickly help novice traders through the registration, account opening, and early steps to begin trading. It guarantees that even people with no previous expertise may rapidly catch up and begin trading with no delay. JustMarkets provides a series of webinars on various subjects, from the fundamentals of trading to more advanced ideas. These webinars, conducted by trading specialists, are interactive, enabling traders to ask questions and get insights in real-time. Furthermore, Traders can reserve seats for forthcoming webinars, ensuring they do not miss out on learning from professionals.  

What kind of educational resources does JustMarkets provide?

JustMarkets provides various instructional tools, including webinars, forex articles, and educational videos, to help traders of all experience levels.  

Does JustMarkets have materials for learning about currency trading?

Yes, JustMarkets offers specialist currency education information to assist traders in comprehending market dynamics and developing profitable trading methods.  

Pros and Cons

In Conclusion

In our experience, JustMarkets has emerged as a strong participant in the forex and CFD brokerage sector, notable for its regulatory compliance, extensive account offers, and client-centric security standards. With FSA, CySEC, FSCA, and FSC licenses, JustMarkets maintains high operational integrity and openness, giving traders confidence. Client funds are segregated to guarantee capital safety, while negative balance protection protects against excessive loss.