Introduction or Skip Content and Read the Bottom Line!
JustForex is a currency broker that is registered by the Financial Services Authority in the jurisdiction of St. Vincent and the Grenadines.
In addition to that:
They offer several options for trading on the МetaTrader 4/5 platforms which come with everything that you will, such as custom indicators, scripts and expert advisers.
And just by looking at the overview table above, this brokerage appears to have an impressive profile and seem to offer attractive trading conditions.
So what’s going on?
Should you trade with them or is it better to find options?
This detailed review will give you an unbiased answer.
So let’s get down to business!
|Platform||MetaTrader 4/5 PC, JustForex WebTrader, MetaTrader 4/5 iPhone, MetaTrader 4/5 Android|
|Minimum account size||$1|
|Minimum lot size||0.01|
|Spread on EUR/USD||0 pip|
|Payment methods||VISA, MasterCard, FasaPay, Local Banks, Neteller, PerfectMoney, Qiwi, Skrill, UnionPay, SticPay, Alipay|
|Demo account||Unlimited time|
|Accepts US traders||No|
|Regulated||JustForex is a duly formed International Business Company. The company is registered by the Financial Services Authority in the jurisdiction of St. Vincent and the Grenadines.|
|Support||Phone, Email, Live Chat, Messengers|
Should you decide to open an account with JustForex, there’s no need to undergo a lengthy process.
It only takes less than a minute to complete the initial sign-up stage!
And when you access their registration site, you will only need to supply them the following details:
- First and last name
- Email address
- Mobile number
- Preferred password
That’s how simple it is.
Unfortunately, there’s no option for you to use your social networking accounts like Facebook, Google or LinkedIn but with JustForex’s basic and straightforward registration process, we consider this as a minor disadvantage.
If you want to sign-up with JustForex now, you can click on the button below and we’ll take you straight to the registration page:
Account Types 10/10
What’s interesting about JustForex is that they offer various account types for their clients with adjusted account currencies, leverages, spreads, commissions and other benefits.
Currently, they have 4 different types of accounts and these are the following:
- Standard Cent
- Raw Spread
In addition to that…
All account types get to enjoy market execution and whatever account you choose, you could still use various trading strategies such as scalping, hedging, etc.
Most brokerages have already removed their bonus offerings but not JustForex. That means you’d still be to enjoy additional perks so you can get more out of your trading account!
Here’s the kicker:
Beneficial offers and promotions are one of the decisive factors for many traders. So, JustForex regularly launches various bonuses and promotions.
The company has launched a new hot 120% deposit bonus for up to $40,000.
According to the terms, the bonus is credited with each deposit on Standard Cent, Standard and Pro accounts. The bonus amount depends on the deposited sum.
Depositing an account from $100, a trader can receive a 100% bonus and can use it as an additional margin for trading.
Demo Account 10/10
They say practice makes perfect and although we can’t say that you’ll be able to perfect your trades, the demo account of JustForex will allow you to be prepared for live market trading.
In addition to that…
This free feature will give you ample time to get used to the platform as well as test out your skill without having to put any of your real funds at risk.
What’s great about JustForex’s demo account is that you will be able to experience the actual situation of the market and with real quotes.
The only difference is that you’ll be using virtual funds to do these practice trades.
How to open a JustForex demo account?
- After completing the registration process, you will be taken to a page with an overview of your account.
- Click on the “New Demo Account” button.
- Choose your preferred demo account type, leverage, virtual balance and your main password.
- After filling-out the details, click on Open account to complete the process.
- You will be provided with an account number which will also serve as your demo account username. Use this detail to log in to your MetaTrader 4 forex demo account.
Payment Methods 10/10
If you’ve experienced using paying for a service online, then you’ll realize how convenient it is and that goes the same for depositing the funds into your JustForex account.
Making a deposit with JustForex is fast and simple and it won’t even require much of your time to accomplish this task.
You simply need to enter the necessary details via a secured page and wait for the funds to be transferred into your account.
It really is that simple!
There are plenty of payment methods to choose when funding your online trading account.
You may deposit the funds using the following options:
- Local Banks
And the cool thing is…
Majority of the payment methods, particularly the most popular ones, won’t incur any fees and the processing time for many of them are instant while the rest could take around 1-2 hours to 5 banking days.
Minimum Deposit 10/10
A huge initial amount just to open an account and be able to trade in real money mode could easily scare off traders.
It’s a no-brainer!
The minimum amount required to make a deposit can be a major concern especially if you have a small capital to start with.
JustForex allows a minimum deposit of $1 when you open a Standard Cent or Standard trading account.
Let’s get to the point
Such numbers are good for beginners as every newbie can afford the minimum amount for starting trading.
And if you want to trade on a Pro or Raw Spread account, you’ll need to deposit $100 but that’s for another post.
How to deposit on your JustForex account?
- After logging-in to your account, click on Deposit.
- Select the account that you wish to make a deposit.
- Choose the supported deposit method that you’d like to use.
- Choose your preferred currency.
- Set the amount that you wish to deposit.
- Click on the Deposit button to continue
If currency of the deposit differs from the account currency, your deposit will be converted at the JustForex internal rates.
All in all
Such affordability and flexibility warrants this broker a perfect score.
JustForex offers MetaTrader 4 and MetaTrader 5 which are quite easy to learn and this is one of the main reasons why the majority of traders prefer these platforms.
But that’s not all
You can trade on various financial instruments with a range of time intervals and do other actions such as account monitoring and market analysis.
And what’s interesting about these platforms is that you’ll be able to access it on various devices.
There’s an executable program for PCs, a web-based version and mobile applications for iOS and Android-powered devices.
By the way…
Expert advisors, automated and social trading is supported too! If you prefer manual trading, you get all the necessary instruments.
With these options, there’s no question that they earned an excellent score in this category.
Although the interface of the platforms didn’t utilize any unique design, the layout was very straightforward and is not that complicated to use.
Just look at the simple and basic design of their MT4 WebTrader platform:
And here’s also the preview of their MT4 mobile app for Android:
As you can see from the images above, the platforms don’t have any eye candy so you can focus primarily on your trades and nothing else.
Tradable Assets 8.4/10
Here’s the point:
You may access a certain number of assets depending on the account that you’re subscribed to but in general, they have over 170 instruments which are composed the following:
You’ll be able to access 65 forex currency pairs and this includes majors and exotics.
Investing on Brent crude oil, WTI light crude oil and spot metals such as gold, silver, platinum and palladium is also possible.
You can also trade on popular global indices like US30, US100, US500, UK100 and DE30.
There are over 60 stocks that you can invest on such as Apple, Facebook, Coca-Cola, Microsoft, Netflix, Twitter, Amazon and Alibaba.
Cryptocurrency trading is also possible as the platform has already added this new instrument category. Among the digital coins that you can invest on include Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dashcoin, Ripple and EOS.
It is important to remember:
Investing in this instrument type via this brokerage firm is not the same as buying/selling cryptocurrencies from an exchange.
And why does this matter?
With such a variety of options, you’d be able to explore trading opportunities on different markets and not just the ones that you’re familiar with.
That means you’d be able to diversify your portfolio without the need to sign-up with another broker or look anywhere else.
Minimum Lot Size 10/10
As a trader, you need to fully understand why lot sizes can directly affect your risks.
Avoiding the risks is an essential part of trading which is why you need to consider the lot size that is best for your capital and how loss you can bear.
Micro lots are the smallest tradable lot size that are usually available to most brokers and the good news is that you can also do this with JustForex with a minimum size of 0.01 which is equal to 1,000 units.
Here’s how it goes:
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.
Similar to most brokerages, JustForex makes its money from spreads and from commissions on certain account types.
With JustForex, the spreads are considered to be ultra-low and trades are executed speedily.
In fact, they are widely considered to be one of the low-spread brokerage services in the industry today.
Let’s look at it in detail:
The spreads on the Standard Cent and Standard accounts start at 0.3 pips while the spread on the Pro and Raw Spread accounts starts at 0.1 pips and 0 pips, respectively.
Here’s our take:
Whatever account you choose, you will be able to enjoy the tight spreads offerings of JustForex which are among the most competitive in this market.
Quotes Accuracy 10/10
As with all market prices, these are constantly changing and when there’s volatility, you need to make sure that you broker’s platform won’t fail you.
And be warned:
Latency is usually the cause of pricing differences and using a platform that lags can lead you to losing money.
In terms of trade execution with the platforms of JustForex, no requotes were experienced during the entire testing phase and the market prices that were displayed on the platforms were all in real time.
Withdrawal Time 10/10
Being able to withdraw your money is probably one of the major concerns of most traders and we couldn’t agree more.
Who wouldn’t be frustrated if you won’t be able to get back this fund, which is rightfully yours, in an appropriate time?
It’s your money.
So is JustForex capable of processing withdrawal requests on time?
In general, the processing time for most withdrawals only takes around 1 to 2 hours.
How does this compare?
This speed is faster than most of their competition.
The thing is, most brokerages take a lot longer and some could even take more than a day to do such requests.
So when it comes to money matters, JustForex won’t disappoint.
Do take note of this:
Once your withdrawal has been approved and released, the time it takes for the funds to be credited to your account may vary and would depend on the payment method that you used.
Customer Support 8.9/10
We can’t emphasize enough…
If you want peace of mind, then you need to be with a retail forex brokerage that makes efforts in ensuring that your concerns and issues are not only heard but addressed appropriately.
A trusted brokerage will never disregard good customer support which is why you need to know how they take care of their clients.
First of all, customer support at JustForex is available 24/7. This however only applies to the English customer support. Malaysian (8 AM to 12 AM (GMT+8) Monday to Friday) and Indonesian (7 AM to 11 PM (GMT+7) Monday to Friday) support on the other hand are available on certain hours and are offline starting around midnight and also during weekends.
You will be able to contact them in various ways and this includes chat, messengers, phone or request a call back from the website. You can also send an e-mail to the company’s support team.
It’s worth mentioning that JustForex can be easily reached on the most common instant messaging apps that are available today.
This includes the following:
The fact of the matter is:
JustForex is the only brokerage we know that provides client support via these messaging apps and this makes it very convenient for anyone to contact them.
We tried contacting them on all of the possible methods of communication and in most cases, we were able to get in touch with an agent instantly. There were only a few cases that we were put on queue although the waiting time was negligible.
The actual conversations that we had with their agents were very positive. They were extremely responsive and answered all the questions that we had.
In a nutshell
Their customer support department was superb and easy to reach plus their agents very helpful with any questions.
When it comes to brand credibility, JustForex has been known for its various account types which they have designed based on the most common trading preferences.
But that’s not all…
Most traders appreciate JustForex attractive trading conditions and excellent local support.
Just take a look at some of these verified comments that we found online:
From time to time, JustForex team organizes seminars and training gatherings for its clients.
We highly recommend attending such events as participants get valuable knowledge and merchandise.
To top it off
This brokerage service has been operating since 2012 and continues to have a growing client base across 197 countries.
These facts are surely more than enough to prove that they are trustworthy and reliable.
Regulation and License 10/10
JustForex is a duly formed International Business Company. The company is registered by the Financial Services Authority in the jurisdiction of St. Vincent and the Grenadines under the registration # 23993.
JustForex has all the qualifications that every forex trader is looking for in a broker.
They offer different types of accounts for various preferences and attractive trading conditions that can definitely help in achieving better results.
JustForex offers various partnership schemes to suit individual preferences. There is the analytics section, which contains a market overview, daily forecast, technical analysis and market news.
Their educational events such as seminars and training gatherings are also worth going to if you want to get valuable trading knowledge and experience.
And with fast and quality support that can be reached via the most common channels including messaging apps like Skype, Whatsapp, Messenger and Viber, you can trade conveniently knowing that you’ll be able to get immediate help.
So go ahead and and give it a go!