JustForex Review

JustForex

4.65

Trading Expertise

4.9/5

Trading Tech

4.6/5

Usability

4.4/5

Mobile and Growing Tech

4.8/5

Assortment of Offerings

4.7/5

Pros

  • Regulated by Financial Services Authority (FSA)
  • Available leverage ranges from 1:1 to 1:3000
  • Hedging and scalping strategies allowed

Cons

  • Doesn't allow EA's
  • US Traders not allowed

JustForex is an international retail Forex broker registered at St. Vincent and Grenadines. They’ve been on the market since 2012 and grew from a local broker with a focus on South Africa into a global company with thousands of customers worldwide.

JustForex Trading Accounts

JustForex account system used to be pretty complicated and figuring it out was a deal of its own. Luckily, they heard the criticism and revamped it, so now JustForex offers its clients only 5 major account types.

  • Standard;
  • Pro;
  • ECN Zero;
  • Mini;
  • Cent.

There are also demo accounts and special accounts for the Islamic traders. 

NOTE. JustForex uses Market Execution only and does not support Instant Execution. It is done to provide direct access to the market for the traders and allow for the more extreme trading strategies — scalping, newstrading, and hedging. On the other hand, using market execution can lead to slips and mistakes during trading, especially when the market is highly volatile.

JustForex Demo Account

The demo accounts are made for the clients who only begin their Forex trading journey. There you can trade with virtual money and while you won’t be able to cash in your winnings, you won’t have to suffer losses either.

Alternatively, one can use demo accounts to simulate the real Forex market and test their strategies or advisors. After all, JustForex offers trading conditions on Demo accounts that correspond with the real-money accounts,

JustForex Cent Account

Minimum deposit: No

Maximum leverage: 1:1000

Base currency: USC

Commission: No

Once you learn to trade on the Demo account, it’s time to go into the real-money trading. And the Cent account requires minimal effort to start doing so.

On Cent accounts you need 100 times less money to start trading. The system treats each 0.01 USD you deposit as 1 USD, which opens up many trading strategies. The selection of available currency pairs is rather limited, but it is more than enough to start.

JustForex Mini Account

Minimum deposit: No

Maximum leverage: 1:3000

Base currency: USD, EUR, MYR, IDR, THB, VND, KWD, CNY, ZAR

Commission: No

Mini accounts are for those who are only starting their trading journeys and do not want to risk large amounts of money, yet want to enter the market on the fair rules.

You should be trading on this account type for long — it offers worse spreads in comparison to Standard, Pro or ECN Zero. So once you get a confirmation of your success, switch to more advanced account types.

JustForex Standard Account

Minimum deposit: 100 USD

Maximum leverage: 1:3000

Base currency: USD, EUR, MYR, IDR, THB, VND, KWD, CNY, ZAR

Commission: No

A definitive account type for most traders. The minimal deposit value is quite reasonable, the maximum leverage is high and overall, with the Standard accounts, JustForex offers access to all currency pairs and some other trading instruments.

While most traders do stop here, there are even better trading conditions on ECN Zero and Pro trading accounts. If you are serious about trading and want to increase your profits, consider switching over to them.

JustForex Pro Account

Minimum deposit: 500 USD

Maximum leverage: 1:3000

Base currency: USD, EUR, MYR, IDR, THB, VND, KWD, CNY, ZAR

Commission: No

Account for professional traders that still prefer to use the common trading channels and not venture into the risky ECN Zero waters.

This account requires a serious conviction and massive investments but also provides the best possible trading conditions and allows trading with metals, stocks, cryptocurrency and other instruments that are unavailable on other account types. Unless you are going to be scalping for a few pips of profit per trade, Pro accounts is the best choice.

JustForex ECN Zero Account

Minimum deposit: 500 USD

Maximum leverage: 1:3000

Base currency: USD, EUR, MYR, IDR, THB, VND, KWD, CNY, ZAR

Commission: Yes

An account for those who know what to make the most out of trading. While this account requires massive investments, it also provides the smallest spreads by far and allows for much greater profits. If you are a scalper or a hedger, or just interested in trading the currency pairs with only several pips of profit per trade, this is an account type for you.

However, this account type requires a commission from each trade, so the only way to stay profitable here is to trade with large amounts of money.

JustForex Company Review

JustForex is registered in St. Vincent and has been around since roughly 2012. They position themselves as a client-oriented company, and overall this description fits. The best parts of JF are definitely their helpful customer support and the amount of attention the traders get.

The company is legitimate and allowed to operate in many territories worldwide. There have been rumours about a potential expansion to Europe but so far they haven’t been confirmed. Still, it is something that we count on happening, since it will definitely disrupt the market.

When it comes to security, JustForex employs segregated bank accounts and works with 18 different liquidity providers to ensure the safekeeping of the customers’ funds.

Trading Platforms

JustForex currently supports only MetaTrader trading platforms, namely:

  • MetaTrader 4 for PC;
  • MetaTrader 4 for Android/iOS;
  • MetaTrader 4 for Web;
  • MetaTrader 5 for PC (demo accounts only);

The launch of MetaTrader 5 for normal accounts as well as other platforms is planned for 2020.

Promotions

JustForex currently offers a single unified bonus system for all customers:

  • 50% bonus on all deposits of 100 USD or lower;
  • 100% bonus on all deposits over 100 USD;
  • 115% bonus on all deposits over 500 USD.

Deposits And Withdrawals

There are a lot of deposit methods for JustForex, with some of them available only for certain regions. The general, non-extensive list includes:

  • VISA/Mastercard;
  • Fasapay;
  • Perfect Money;
  • Neteller;
  • Fasapay;
  • Sticpay;
  • Bitcoin.

And over 40 other methods, including local banking systems and financial institutes. The maximum amount of deposit per single transaction is 10000 USD. The maximum withdrawal per transaction is 2 000 USD.