breaking news JustMarkets Review – Benzinga
JustMarkets review scores at a glance
For traders and investors in Asia, Africa, Latin America or Europe, JustMarkets is an international online broker rebranded as Justforex. JustMarkets is available in over 200 countries. Benefits include a wide range of assets, four different account types, and MetaTrader functionality. JustMarkets won “Best Broker in Asia” from Ultimate Best Brokers and B2B Fintech Awards in 2022 and “Best Broker in Africa” from UF Awards in 2023.
JustMarkets has websites to serve clients from different regions and, under the group’s existing licenses, offers various services such as reception, transmission and execution of client orders, portfolio management, investment advice and auxiliary services. You can use JustMarkets to trade currency pairs, indices, stocks and commodities in Europe at justmarkets.eu and in other countries at justmarkets.com. Read on to see if JustMarkets operates in your country and how it compares to other investment brokers.
JustMarkets is an online Multi-Asset Contracts for Difference (CFD) broker. JustMarkets offers the MetaTrader 4 and MetaTrader 5 platforms. Traders have access to four account types, most of which are available on both trading platforms. The forex platform offers 170 trading instruments, including currency pairs and precious metals. It has order execution from 0.01 seconds and allows many trading strategies including expert advisors, intraday trading, hedging and scalping. JustMarkets allows clients to leverage from 1:1 to 1:3000 (depending on jurisdiction).
JustMarkets offers 24/7 customer support in three languages, English, Indonesian and Malaysian. Email response time is usually less than 48 hours. It scores well in terms of responsiveness and customer service on TrustPilot, with an overall rating of 4.8 out of five stars. Benzinga would give it a 5 star rating with additional customer service languages to serve its international customers.
Here’s how to access JustMarkets:
For clients of Seychelles FSA regulated firm Just Global Markets Ltd. :
- Telephone: +248 4632027
- You can also reach the team via Live Chat, Telegram, Viber, Facebook Messenger, Instagram and iMessage
For clients of CySEC regulated firm JustMarkets Ltd:
- Telephone: +357 25 351 514
- You can also reach JustMarkets via live chat.
Security encompasses financial security and data security. JustMarkets scores high on both. JustMarkets is an authorized broker and regulated by 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 (Mauritius). This means that it must comply with the financial regulations of these four jurisdictions.
Moreover, JustMarkets draws its liquidity from the best providers in the industry due to their reputation and reliability, which means that it must adhere to high security standards to protect clients. Most importantly, JustMarkets client funds are segregated so company and client funds do not mix.
Other security measures implemented by JustMarkets include:
- Protection of data transfer via SSL
- PCI DSS security standard
- Protection against negative balances
- Multi-server infrastructure
- Protection of data storage by encryption
Depending on the jurisdiction, JustMarkets only requires an initial investment of $1. You can be eligible for a $30 bonus, which means JustMarkets has one of the lowest barriers to entry of any forex trading platform. Additionally, it offers:
Google Play Store’s JustMarkets app has over 100,000 downloads. On the Apple Store, it has three reviews with an average of 2.3 out of five stars. It gets 4 stars because of the many downloads from the Google Play Store, no entry fees (the app is free), and its compatibility with Android and Apple systems. It loses a point for weak reviews (and alleged early development issues) on the Apple platform.
JustMarkets is easy to use. Satisfied customers praise it for its fast withdrawals within 24 hours, ease of use, low initial investment, and simplicity of copy trading. However, a small percentage of customers have complained about aggressive or manipulative online brokers. To protect yourself, make sure you fully understand forex trading before you start.
JustMarkets is not available in certain jurisdictions including but not limited to Australia, Canada, Japan, United Kingdom, United States of America, Iran, Korea North, Myanmar and some EU countries.
JustMarkets vs Competitors
JustMarkets has a few competitors like Pepperstone, XTB, and XM Group. Compared to these competitors, XM has a higher minimum deposit, but JustMarkets has a low minimum deposit ($1) and a $30 bonus, which makes it the most valuable for a low amount of investment. Moreover, the EUR to USD FX spread is the lowest for JustMarkets, 0.6 pips, against 0.07 to 0.8 pips for competitors. JustMarkets also uses the MT4 and MT5 trading platforms, which are comparable to Pepperstone and XM but different from XTB’s xStation trading platform. JustMarkets offers significant advantages and a competitive edge.
JustMarkets has 90% 5-star reviews and only 3% 1-star reviews, with an overall rating of 4.8 stars (over 2,000 reviews), according to Trustpilot.
JustMarkets is a solid choice for online forex trading and brokerage accounts. With low fees, a low barrier to entry, excellent customer service, fast transfers and transactions, and a large global audience, JustMarkets is an established and trusted global broker.
Frequently Asked Questions
Is JustMarkets a trusted broker?
JustMarkets is a licensed and regulated broker. JustMarkets has 90% 5-star reviews and only 3% 1-star reviews, with an overall rating of 4.8 stars, according to Trustpilot, making JustMarkets a trusted broker for many satisfied customers. However, you should do your own research to see if a online broker is well suited to your situation and your objectives.
What is the minimum deposit for JustMarkets?
Depending on the jurisdiction, the Minimum deposits for a JustMarkets account range from $1 to $100. You could start with as little as $1.