JustForex Review – is Justforex Scam or Legit Broker?

Justforex

4.5

Rating

4.5/5

Pros

  • Wide range of payment methods
  • Tight spreads
  • Regulated by CySec, FSA, IFSC
  • Low minimum deposit

Cons

  • US traders are not accepted
  • No MetaTrader MAC version

The JustForex broker has been offering online trading services since 2012. They offer major financial instruments along with good conditions. Today the company has clients in more than 190 countries across the globe. 

Overall, 170+ financial instruments are available for trading:

  • Over 60 Forex currency pairs;
  • Apple, Citigroup, Intel Corporation, Microsoft and other shares;
  • Indices, including AU200, EU50, US100;
  • Commodities;
  • Futures.

Trading Accounts

There are 4 major account types. What account to choose depends on whether financial instruments you want to trade, as well as how much you want to deposit. 

Standard Cent. Standard Cent account is designed specifically for beginners. The min deposit is 1 USD. The balance here is displayed in cents, and transactions are executed in cents as well. Standard Cent allows practice real trading with minimal costs. The broker provides leverage of 1:1000. Spread starts from 0.3 points. 

Standard. The Standard account is prevalent among traders. The min deposit on the Standard account is 1 USD. Leverage is up to 1:3000. There are following trading instruments on the Standard account: 65 currency pairs, 9 indices, 4 metals. Spread starts from 0.3 points. 

Pro. The account for professional financial market participants. The minimum deposit for opening an account is 100 USD. Leverage is up to 1:3000. Spread starts from 0.1 points. There is a wide range of trading instruments: 65 currency pairs, 4 metals, 11 indices, 2 energies, 65 shares and 25 futures. 

Raw Spread. It will be the right choice for scalpers and those who prefer intraday trading.   The min deposit on the Raw Spread account is 100 USD. Leverage is up to 1:3000. Spread starts from 0 points, which is significantly lower compared to other accounts. 65 currency pairs, 4 metals, 11 indices, 2 energies, 65 shares, 25 futures are available for trading. 

The broker offers demo accounts for beginners to test trading conditions and to get practical experience in trading without risks.

Standard, Pro and Raw Spread are multicurrency accounts. That means you can open a trading account in USD, EUR, GBP, MYR, IDR, THB, VND, KWD, CNY, ZAR. 

Trading Platforms

The broker provides two most well-known trading platforms: MetaTrader 4 and MetaTrader 5. The broker offers desktop platforms, mobile apps for both Android and iOS devices, as well as an online-trading platform. Although mobile and web versions have simplified functionality, there are enough functions for trading. The web platform interface is very similar to the PC one.

Moreover, expert advisors, social and automated trading are available for clients as well. If you prefer to trade on your own, you get all the necessary instruments.

Deposit/Withdrawals

JustForex offers its clients various ways of deposit/withdrawal: Visa, Master Card, Neteller, FasaPay, Perfect Money, SticPay, as well as local banks. You can choose the one you are feeling comfortable with.

Withdrawal usually takes 1-2 hours within the working hours of the Finance Department. The maximum processing time may take one bank day. 

Funds of JustForex clients are stored in segregated bank accounts, separate from the company’s funds.

Security

All personal information and funds of JustForex customers are reliably protected. Data is transmitted via a steady and safe SSL connection that encrypts information. The company complies with international standards for the security of personal data and transactions.

Bonuses and Promotions

JustForex runs a variety of promotions, offers deposit bonuses, 0% commissions for depositing using more than 10 payment options. The broker often carries out contests for traders who like to compete. By participating in such contests, traders get a chance to win cash prizes available for withdrawal. 

For Partners

In addition to trading, there are other alternatives to get profit. JustForex offers to work as an affiliate. There are various partnership options to suit individual needs. The broker has recently launched MAM accounts with the help of which traders may make a profit without trading on their own. Using this service, a trader can entrust own capital to a professional manager who will carry out trades on a special MAM account.

Education

The company has all the means for educating newbies and making trading comfortable for experienced traders. JustForex publishes market overview, daily forecast on its website every day under its Analytics section. 

JustForex team also holds free online webinars where financial analysts share useful information about trading, tell about trading styles and what they are, how to trade with technical indicators, secrets of Fibonacci retracement levels and much more. You can get some practical examples and recommendations as well. 

Customer Support

Customer support works 24/7. You can contact them via chat, messengers, phone, send mail or request a callback. The support team is helpful and quickly solves problems. 

Conclusions

JustForex provides full service for its clients and strives to make the trading process comfortable. To sum up, here are the advantages of the broker: low spreads, leverage up to 1:3000, fast order execution, everyday analytics.

 

Read another review  Berndale Capital Review - is Berndale Capital Scam or Legit Broker?