JustMarkets Review 2024 with Rankings By Dumb Little Man

JustMarkets Review

JustMarkets, a rebranded entity from JustForex, is a global trading platform that caters to clients from more than 200 countries. It prides itself on offering a comprehensive set of trading tools, asset classes, and competitive trading conditions to its customer base. Leveraging advanced technologies like MetaTrader 4 and 5, four different account types, and round-the-clock customer support in three languages, JustMarkets carves out its niche in the brokerage world. 

In this exhaustive review, we dissect the platform’s features, fees, security measures, account types, and more. By integrating expert insight with real-world trader experiences, we present a holistic overview to aid your decision-making process regarding investment with JustMarkets.

What is JustMarkets?

JustMarkets is a globally renowned broker that dominates the Asian markets and has steadily extended its reach to over 200 countries. Following its rebranding from JustForex, the platform has enhanced its features to provide more value to its clients. From tight spreads and a diverse range of tradable assets to different account types and superior trading platforms like MetaTrader 4 and 5, JustMarkets goes the extra mile to ensure customer satisfaction.

Furthermore, it stands out for its 24/7 customer service in English, Indonesian, and Malaysian. It has been decorated with prestigious accolades such as the “Best Broker in Africa” by UF Awards 2023 and “Best Broker in Asia” by The Ultimate Best Brokers and B2B Fintech Awards 2022.

JustMarkets extends its services through separate websites, depending on regional needs. JustMarkets Ltd. caters to European Union and European Economic Area clients, while Just Global Markets Ltd. provides services globally.

Safety and Security of JustMarkets

Security takes the forefront in JustMarkets‘ operations. It upholds robust safety protocols both in financial dealings and data security, setting it apart in the brokerage industry. JustMarkets is licensed and regulated by Seychelles Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA) in South Africa, and the Financial Services Commission (Mauritius). This high-level compliance ensures that the platform operates within the legal frameworks of these jurisdictions.

Additionally, JustMarkets obtains liquidity from reliable providers and maintains a strict policy of segregating client funds from its corporate accounts. It employs several security measures such as Secure Socket Layer (SSL) for data transfer protection, Payment Card Industry Data Security Standard (PCI DSS), negative balance protection, a multi-server infrastructure, and data storage protection through encryption.

Sign-Up Bonus of JustMarkets

JustMarkets incentivizes new users with a $30 USD Sign-up Bonus when they open a live trading account, sans any deposit. Moreover, it also provides an enticing +120% deposit bonus to enhance your trading potential.

Minimum Deposit of JustMarkets

JustMarkets maintains an accessible approach to trading with minimum deposit requirements. For Standard Cent and Standard accounts, the minimum deposit is as low as 1 USD. For Pro and Raw Spread accounts, the minimum deposit is 100 USD.

JustMarkets Account Types

JustMarkets features six distinctive account types catering to various trader needs: Demo, Standard Cent, Standard, Pro, Raw Spread, and Islamic.

Demo Account

JustMarkets’ Demo Account is designed for beginners in the Forex market. It provides an opportunity for traders to practice and understand the dynamics of Forex trading without risking real money. This account type offers virtual trading with real-time market conditions, allowing users to test strategies, gain familiarity with trading tools, and build confidence.

Standard Cent Account

The Standard Cent Account is ideal for novice traders who are ready to transition from the demo environment to real trading, but still want to limit their financial exposure. In this account type, the balance is denominated in cents instead of dollars. This allows users to trade with smaller amounts and lower risks. The minimum deposit is just $1 USD, making it highly accessible.

Standard Account

The Standard Account is a step up from the Cent Account. It’s still aimed at novice traders but allows for trading with real dollars, not cents. With a minimum deposit of $1, users can trade in standard currency, making the potential for profits – and losses – more significant.

Pro Account

Targeting experienced and professional traders, the Pro Account offers more narrow spreads and high leverage, with no commission charges. There are no restrictions on the number of orders and volume. The minimum deposit for the Pro Account is $100 USD.

Raw Spread Account

The Raw Spread Account is designed for professional traders seeking an edge in their trading. It offers ultra-tight spreads, starting from 0.0 pips, but charges a commission for each trade to cover the broker’s operational costs. The minimum deposit requirement for this account type is $100 USD.

Islamic Swap-Free Account

Respectful of Islamic faith principles, the Islamic Swap-Free Account eliminates the concept of swaps. All trading practices comply with Islamic law, providing a halal trading environment. This account type can be applied across all the other account types, allowing Muslim traders to trade under conditions that respect their faith.

JustMarkets Customer Reviews

The customer reviews for JustMarkets generally convey positive experiences and satisfaction with the company’s services. The customers appreciate the quick and prioritized assistance provided by the customer support team. They find the management and staff of JustMarkets to be honest, responsive, and attentive to their concerns.

The reviewers also highlight the quick withdrawal process and the availability of funds whenever needed. They emphasize the importance of being mindful while trading and not blaming the broker for personal mistakes or market fluctuations.

Customers mention that JustMarkets provides a reliable and secure trading platform, with small spreads and no technical issues like platform freezing. The reviewers express trust in the company and believe that their money is safe with JustMarkets.

Overall, the general sentiment is that JustMarkets is a trustworthy broker that delivers on its promises. Customers appreciate the fast withdrawals, low spreads, and reliable trading experience. They advise others to trade wisely and make consistent profits while controlling greed for optimal results.

JustMarkets Fees, Spreads, and Commissions

JustMarkets offers competitive spreads starting from 0.0 pips on EUR/USD. The specific spreads that a trader will encounter depend on the type of account, prevailing market conditions, and the specific financial instrument being traded. Typically, spreads range from 0.3 pips for Standard Cent and Standard Accounts to 0.1 pips for Pro accounts and 0.0 pips for Raw Spread accounts.

For the Raw Spread Account, JustMarkets charges a commission of 3 units of the base currency per lot per side, covering the broker fees for trade facilitation.

Deposit and Withdrawal

JustMarkets caters to a variety of deposit and withdrawal options, including MasterCard, Visa, Bitcoin, and FASA Pay, supporting a broad array of currencies. Depending on the method, withdrawal times can range from instant to three business days.

How to Open a JustMarkets Account

Registration

Visit the official JustMarkets website and click on the ‘Register’ button. You will be redirected to a page where you need to fill in your email, create a password, and choose your country of residence.

Personal Details

Once registered, you’ll be redirected to the Back Office, where you have to fill in personal details such as your full name, date of birth, contact number, residential address, and employment status.

Account Creation

In the Back Office, under the ‘Account Operations’ menu, click ‘My Accounts,’ followed by ‘Open New Account.’ In the form, choose the account type that suits your trading style and experience.

Verification

After clicking ‘Open Real Account,’ you need to set the account’s base currency and leverage. You also have to set a main password for your account. Click on ‘Create Account.’ A verification link will be sent to your email. Click the link to verify your account.

Compliance

JustMarkets will require you to upload documents for identity verification and proof of address to comply with anti-money laundering (AML) and know-your-customer (KYC) regulations. This may include your passport, driver’s license, or ID card, and a recent utility bill or bank statement.

Deposit

Once your account is verified, you can make your first deposit using one of JustMarkets’ accepted payment methods and start trading.

JustMarkets Affiliate Program

JustMarkets offers an affiliate program that provides an opportunity for individuals and businesses to earn extra income by promoting the platform. There are two primary models in the JustMarkets affiliate program – Revenue Share and CPA (Cost Per Acquisition).

Revenue Share

With the Revenue Share model, affiliates can earn up to 65% of the broker’s revenue generated by the trading activity of the referred clients. This means that each time a referred client makes a trade, the affiliate earns a commission. The commission is a percentage of the spread or commission that JustMarkets earns from that client’s trades. This model can generate a consistent and ongoing income stream for the affiliate as long as the referred clients continue to trade.

CPA

The CPA model is a one-time payout for each new depositing trader referred to JustMarkets. Affiliates under this model can earn up to $1500 for each referred client who opens an account and makes a deposit. This model is particularly beneficial for those who can generate a high volume of new clients.

To join the affiliate program, you must first register with JustMarkets. Once registered, you can access a wide range of marketing materials including banners, landing pages, and tracking links that you can use to promote JustMarkets. You’ll also be provided with a personal affiliate manager who can assist you with promotional strategies and provide detailed reports on your referrals’ activity and your earned commissions.

Affiliates are paid on a monthly basis, and there are several payment methods available, including wire transfers, credit cards, and e-wallets. It’s important to remember that successful affiliate marketing involves complying with all applicable regulations and always providing honest and accurate information to potential clients.

JustMarkets Customer Support

JustMarkets prioritizes customer service, offering 24/7 support in English, Indonesian, Malaysian, and also a language support for Spanish, and Portuguese. Clients can reach the support team via email, phone, live chat, Telegram, Viber, Facebook Messenger, Instagram, and iMessage, with a typical email response time of less than 48 hours.

Advantages and Disadvantages of JustMarkets Customer Support

JustMarkets vs Other Brokers

#1. JustMarkets vs. AvaTrade

JustMarkets and AvaTrade are both recognized platforms in the Forex industry, each with unique offerings. JustMarkets appeals to a wide range of traders, with a selection of different account types catering to varying levels of experience. Their Raw Spread Account is particularly appealing for experienced traders looking for low spreads. JustMarkets also offers a comprehensive affiliate program and adheres to Islamic faith principles with their Islamic Swap-Free Account.

AvaTrade, on the other hand, is known for its automated trading solutions like AvaTradeGo, AvaSocial, and DupliTrade. It has a more comprehensive educational platform, providing extensive resources to help traders improve their skills. AvaTrade also offers a variety of instruments beyond Forex, including commodities, indices, stocks, cryptocurrencies, and ETFs.

Verdict: If you are an experienced trader prioritizing low spreads and a diverse range of account types, JustMarkets might be the better option for you. However, if you value automated trading solutions, a broader range of tradable instruments, and comprehensive educational resources, AvaTrade is likely a better choice.

>> Also Read: AvaTrade Review: Is it the Best Overall Broker?

#2. JustMarkets vs RoboForex

JustMarkets stands out with its user-friendly interface and account diversity catering to different trader experience levels, from beginners to professionals. The Islamic Swap-Free Account and the robust affiliate program further enhance its appeal.

RoboForex, however, provides a wide variety of trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, and its proprietary R Trader. It also offers a unique “CopyFX” feature, where less experienced traders can copy the trades of successful investors. The broker provides access to a broader range of asset classes, including Forex, stocks, indices, ETFs, commodities, and cryptocurrencies.

Verdict: For traders who value simplicity, account diversity, and a good affiliate program, JustMarkets is a sound choice. However, if variety in trading platforms, a wide range of tradable assets, and copy trading capabilities are essential to you, RoboForex will serve you better.

#3. JustMarkets vs FXChoice

JustMarkets shines with its diverse account types, tailored for different trading experience levels, and it’s considerate to Islamic traders with its Swap-Free Account. Its comprehensive affiliate program provides additional earning opportunities.

FXChoice, however, specializes in offering tight spreads and a stable trading environment. They also offer advanced trading tools and features such as one-click trading and market depth. While they offer fewer account types, FXChoice provides extensive support and resources for traders, including VPS hosting and Pips+ Loyalty Programme.

Verdict: JustMarkets will be more appealing to traders who prefer a wide range of account options, affiliate earning opportunities, and support for Islamic trading practices. In contrast, FXChoice may be the better choice for traders who prioritize tight spreads, advanced trading tools, and unique offerings like VPS hosting and a loyalty program.

>> Also Read: How to Read Forex Charts – A 2024 Beginners Guide

Choose Asia Forex Mentor for Your Forex Trading Success

If you have a keen interest in establishing a successful career in forex trading and aspire to achieve substantial financial gains, Asia Forex Mentor stands as the optimal choice for the best forex, stock, and crypto trading course. Ezekiel Chew, renowned as the visionary behind trading institutions and banks, is the driving force behind Asia Forex Mentor. On a personal note, Ezekiel consistently achieves seven-figure trades, a distinction that truly sets him apart from other educators in the field. Here are the compelling reasons that underpin our recommendation:

Comprehensive Curriculum: Asia Forex Mentor offers an all-encompassing educational program that covers stock, crypto, and forex trading. This well-structured curriculum equips aspiring traders with the knowledge and skills necessary to excel in these diverse markets.

Proven Track Record: The credibility of Asia Forex Mentor is firmly established through its impressive track record of producing consistently profitable traders across various market sectors. This achievement serves as a testament to the effectiveness of their training methodologies and mentorship.

Expert Mentors: At Asia Forex Mentor, students benefit from the guidance and insights of experienced mentors who have demonstrated remarkable success in stock, crypto, and forex trading. These mentors provide personalized support, enabling students to navigate the intricacies of each market with confidence.

Supportive Community: Joining Asia Forex Mentor brings access to a supportive community of like-minded traders pursuing success in the stock, crypto, and forex markets. This community fosters collaboration, idea-sharing, and peer learning, enhancing the overall learning experience.

Emphasis on Discipline and Psychology: Success in trading necessitates a strong mindset and disciplined approach. Asia Forex Mentor provides crucial psychological training to help traders manage emotions, handle stress, and make rational decisions during trading.

Constant Updates and Resources: The financial markets are dynamic, and Asia Forex Mentor ensures that students remain up-to-date with the latest trends, strategies, and market insights. Continuous access to valuable resources keeps traders ahead of the curve.

Success Stories: Asia Forex Mentor takes pride in a multitude of success stories where students have transformed their trading careers and achieved financial independence through their comprehensive forex, stock, and crypto trading education.

In summary, Asia Forex Mentor emerges as the premier choice for those seeking the best forex, stock, and crypto trading course to carve a rewarding career and achieve financial prosperity. Through its comprehensive curriculum, experienced mentors, practical approach, and supportive community, Asia Forex Mentor provides the necessary tools and guidance to mold aspiring traders into accomplished professionals across diverse financial markets.

Conclusion: JustMarkets Review

JustMarkets has made its mark as an impressive international broker that prioritizes customer service, security, and comprehensive trading options. Its array of account types caters to different trading styles and levels of experience, from beginners to professionals. With a robust security protocol, competitive spreads, and diverse deposit and withdrawal options, it provides a reliable trading environment. Whether you’re seeking a platform for starting your trading journey or looking for advanced trading options, JustMarkets may be the broker for you. As with any investment, always weigh the potential risks and rewards before making a decision.

JustMarkets Review FAQs

Is JustMarkets legit?

Yes, JustMarkets is indeed a legitimate online trading platform. The company is licensed and regulated by several authorities including the Seychelles Financial Services Authority (FSA), the Cyprus Securities and Exchange Commission (CySEC), the Financial Sector Conduct Authority (FSCA) in South Africa, and the Financial Services Commission in Mauritius. JustMarkets’ adherence to these regulatory standards ensures a fair and secure trading environment for its clients. In addition to this, the firm utilizes advanced security measures such as SSL encryption and the PCI DSS security standard to further enhance the safety of its platform.

What kind of accounts does JustMarkets offer?

JustMarkets offers a diverse range of account types to cater to various levels of trading experience. There are six main account types: Standard Cent, Standard, Pro, Raw Spread, Islamic (Swap-Free), and Demo. The Standard Cent and Standard accounts are tailored for beginners, allowing for small initial deposits. Pro and Raw Spread accounts, with their tighter spreads and higher leverage, cater more to experienced traders. The Islamic account is designed for traders of the Islamic faith who require swaps-free trading in accordance with Sharia law. Finally, the Demo account provides a risk-free environment for new traders to learn and practice trading.

How does the JustMarkets affiliate program work?

JustMarkets offers an extensive affiliate program with two main options: Revenue Share and CPA (Cost Per Action). In the Revenue Share option, you earn profits every time a client you’ve attracted makes a trade. This can be up to 65% of the trade’s revenue. This option also includes benefits such as an easy withdrawal process, a personal affiliate manager, and automatic rebates. The CPA option involves a fixed payment for every client you bring in, with earnings of up to $1500 per client. This option also provides dedicated affiliate manager support, transparent reporting stats, and advanced marketing tools. The affiliate program at JustMarkets offers a viable means to earn extra income for those with an online presence or those who can attract new traders to the platform.