Compare the markets and instruments offered by JustMarkets and its competitors. Please note, some markets may only be available https://forexarena.net/ via CFDs or other derivatives. Compare JustMarkets with the top 3 similar brokers that accept traders from your location.
Brokers by Platforms
Trading with JustForex involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets. Experienced JustForex traders can trade high risk CFD trades to hedge items in their portfolio. JustForex also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go. JustForex are able to accommodate various levels of traders whether you are experienced or a beginner.
- Inactive accounts that have been inactive for more than 150 days will incur an administrative fee.
- You can trade a wide variety of instruments with JustForexover 154 instruments in fact.
- The spread is floating from 0 pips and the commission charged per lot is 3 units of the base currency on each side.
Standard Cent
It’s possible to draw sums up to the sum of your account balance, keeping aside the margin used. 1 thing to remember is that you don’t justforex review necessarily have to have any cash on your account. Download the justforex MetaTrader 4 Program free of charge from Apple’s App Store.
Which MetaTrader 5 Account Types are available?
If you are wondering about how long do JustForex withdrawals take, JustForex processes the withdrawals within 1-2 hours. When you make a deposit on JustForex you get up to 120% bonus of the amount you deposit. There are plenty of channels for getting in touch with the Justforex support team.
Pros and Cons of Trading with JustMarkets
Converting your existing Standard Cent, Standard, Pro, or Raw Spread account to a swap-free account is simple. Affiliates in the JustMarkets Affiliate Program can earn up to $1,500 per recommended client, with the potential for infinite commissions. Cashback Rebates are often earned by trading a particular volume and completing other program requirements.
JustForex is regulated by Financial Services Authority (FSA) so can be considered legit. JustForex provides a demo account that enables individuals to explore trading before investing their funds. By creating a JustForex practice account, users can gain experience and knowledge of how to trade effectively.
South African traders are given 5 million USD in virtual funds to familiarise themselves with the MetaTrader platforms. The MT4 Raw Spread account is ideal for professional traders who demand the tightest spreads and are willing to pay a commission for every trade. This account type is especially advantageous for South African day traders and scalpers who rely on modest price swings and speedy execution. JustMarkets is dedicated to giving appealing rebates, with a daily reimbursement of up to USD 10 per lot based on the IB commission. This rebate is calculated and delivered straight into MT4/MT5 trading accounts via the system. JustForex provides multilingual customer service 24 hours a day, seven days a week, which is quite beneficial to all traders.
With Negative balance protection, traders cannot lose more money than they have deposited. JustForex offers Forex trading, Spread Betting trading, Social trading, and Share Dealing trading. The effect of leverage on profits and losses magnifies them in both directions. In other words, JustForex leverage profits and losses are magnified when trading. For instance, using CFDs, you use the JustForex trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value.
Inexperienced traders can open a demo account in order to better understand the aspects of Forex trading and test out some of the company’s features before signing up for a live account. It has provided trade services on the financial markets for over 14 years. JustForex offers its clients Forex trading, Spread Betting trading, Social trading, and Share Dealing trading. All funds deposited to JustForex are held in segregated bank accounts for security purposes. And last but not least, JustForex is regulated by Financial Services Authority (FSA), which means it is a legit company. The broker also provides competitive spreads for other major currency pairs and popular trading instruments.
The MT5 Raw Spread account is ideal for high-volume, experienced South African traders who use sophisticated trading methods and want the fastest execution speeds. In addition, traders must trade at least 5 lots in 30 days with a profit or loss of at least 6 pips per transaction. Profits can then be moved to Standard Cent, Standard, Pro, or Raw Spread accounts. In addition, auto-rebate technology assures efficient processing by calculating and depositing rebates into trading accounts the next day for transactions closed that day. The broker is an appealing alternative for cost-conscious traders due to its inexpensive spreads and the availability of a Raw Spread account. These features ensure that traders’ tactics can be implemented without being considerably hampered by excessive transaction costs.
You can trade with expert advisors as a client, and you can use any of the 30 native indicators and analysis tools such as the Line tool, Channel tool, Fibonacci and Gann tools, etc. Remember that CFDs are a leveraged product and can result in the loss of your entire capital. Although it does not have the widest selection of cryptocurrencies in the industry, JustForex’s offering is fairly strong in this space.
Automated trading only really makes sense through a VPS, which can keep pushing the set strategies 24 hours a day, without requiring input from the trader. The company that owns the JustForex brand is a certain GM Group Limited, based at Suite 305, Griffith Corporate Center, PO Box 1510, Beachmont, Kingstown, St Vincent and the Grenadines. The bonuses and promotions run by the broker have often been described as deceitful as well. The complaints cover a wide range of issues, but most of them decry some sort of chart- and price manipulation by the forex broker.
However, certain conditions must be met, such as a minimum price difference of 59 points between the starting and closing prices, and no rebates are granted for trading with incentives. Through its extensive regulatory compliance, the broker has developed a solid framework for safety and security, particularly for South African traders. This function facilitates transactions and aids in managing currency risk, which is critical for traders sensitive to exchange rate swings. Although JustForex isn’t regulated, it has great statistics on its website and provides a good trading environment and instruction. Given the effort put in to provide unbiased research with hundreds of daily trade ideas, it continues to outperform many competitors in this aspect. To open any trading account, the users simply need to click on the registration or open account button.
This tool shows thousands of upcoming economic events from over 50 countries. The impact of these events is classified accordingly as low, medium or high. The analyst consensus is shown as a percentage and the previous impact percentage is also shown. The calendar can be customised to suit the traders’ favourite events. I think this is a great tool for anticipating what might happen in the markets.
A withdrawal request with this broker can get processed in just 1 or 2 hours. That’s very fast if you compare it with most brokerages that usually take a few days to accomplish the same thing. If you only have a small capital, then micro lots can be an advantage as this will put you at ease while trading since you’re not risking a huge amount from your funds. As a trader, you need to fully understand why lot sizes can directly affect your risks. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings.