The post JustMarkets Review by Benzinga Contributors appeared first on Benzinga. Visit Benzinga to get more great content like this.
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For traders and investors in Asia, Africa, Latin America or Europe, JustMarkets is an international online broker rebranded from Justforex. JustMarkets is available in over 200 countries. Benefits include a wide range of assets, four different account types and MetaTrader features. JustMarkets won “Best Broker in Asia” from The 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 existing licenses of the group offers various services such as reception, transmission and execution of client orders, portfolio management, investment advice, and ancillary services. You can utilize JustMarkets for currency pairs, indices, shares and commodities trading in Europe on justmarkets.eu and in other countries on justmarkets.com. Read on to see if JustMarkets operates in your country and how it stacks up with other investment brokers.
JustMarkets is a multi-asset contract for difference (CFD) online broker. JustMarkets offers the MetaTrader 4 and MetaTrader 5 platforms. Traders have access to four types of accounts, 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 numerous trading strategies, including expert advisors, intraday trading, hedging and scalping. JustMarkets allows customers to leverage from 1:1 to 1:3000 (depending on the jurisdiction).
JustMarkets offers 24/7 customer service in three languages, English, Indonesian and Malaysian. Email response time is usually under 48 hours. It scores well in responsiveness and customer service on TrustPilot, with a 4.8 out of five-star rating overall. Benzinga would give it a 5-star rating with additional customer service languages to serve its international clients.
Here’s how to reach JustMarkets:
For clients of Seychelles FSA regulated company Just Global Markets Ltd.:
- [email protected]
- Phone: +248 4632027
- You can also reach the team via Live Chat, Telegram, Viber, Facebook Messenger, Instagram and iMessage
For clients of CySEC regulated company JustMarkets Ltd:
- [email protected]
- Phone: +357 25 351 514
- You can also reach JustMarkets via Live Chat.
Security encompasses financial safety and data security. JustMarkets scores high on both. JustMarkets is a licensed and regulated broker through the Seychelles Financial Services Authority (FSA), the Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Commission (Mauritius). This means it must comply with financial regulations in these four jurisdictions.
In addition, JustMarkets gets its liquidity from top providers in the industry by their reputation and reliability, meaning it must comply with high-security standards to protect clients. More critically, JustMarkets’ client funds are segregated so that the company’s and clients’ funds don’t mix.
Other security measures that JustMarkets implements include:
- Data transfer protection via SSL
- PCI DSS security standard
- Negative balance protection
- Multi-server infrastructure
- Data storage protection via encryption
Depending on jurisdiction JustMarkets requires only a $1 initial investment. You may be eligible for a $30 bonus, meaning JustMarkets has one of the lowest barriers to entry of any forex trading platform. In addition, it offers:
- Spreads from 0 pips
- Numerous strategies
- Order execution from 0.01 second
- Leverage up to 1:3000 (FSA only), 1:30 (CySec)
- Copy trading (CySEC not applicable. FSA only)
- $30 welcome bonus (CySEC not applicable. FSA only)
- 120% deposit bonus (CySEC not applicable. FSA only)
- Referral bonuses (CySEC not applicable. FSA only)
The JustMarkets app in the Google Play store has over 100,000 downloads. On the Apple Store, it has three reviews with an average of 2.3 stars out of five stars. It gets 4 stars because of the many downloads on the Google Play store, no costs of entry (the app is free) and its compatibility with Android and Apple systems. It loses a point for the low reviews (and presumed early-development glitches) on the Apple platform.
JustMarkets is easy to use. Satisfied customers praise it for fast withdrawals within 24 hours, ease of use, low initial investment and simplicity of copy trading. However, a small percentage of customers complained of pushy or manipulative online brokers. To protect yourself, make sure you understand forex trading before jumping in.
JustMarkets is not available in certain jurisdictions, including but not limited to Australia, Canada, Japan, the United Kingdom, the United States of America, Iran, North Korea, 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, making it the most valuable for a low investment amount. In addition, the FX spread EUR to USD is the lowest for JustMarkets, 0.6 pips, compared to 0.07 to 0.8 pips for competitors. JustMarkets also uses the MT4 and MT5 trading platforms, comparable to Pepperstone and XM but different from XTB’s xStation trading platform. JustMarkets offers significant benefits and a competitive edge.
Get started
securely through JustMarkets’s
website
JustMarkets, formerly Justforex, was founded in 2012. On JustMarkets, you can choose between four types of accounts. Offered services and instruments vary as of jurisdiction but you can get started for as little as $1 in two account types. The other two suggest a minimum deposit of $100. With over 170 trading instruments and availability in 200 countries, JustMarkets is a global platform with low fees that allows you to try forex trading without investing a large amount. It has 24/7 customer service in three different languages: English, Indonesian and Malaysian.
Best For
- Spread-based accounts are best for beginner traders
- Commission-based accounts are best for advanced traders with higher entry volume
- 170+ trading instruments
- High leverage up to 1:30 for retail clients and up to 1:300 for professional clients on justmarkets.eu
- MetaTrader 4/5 offered (MT5 only for EU)
- Low minimum deposits from $1 (For EU Min deposit 100)
- Copytrading (not applicable for EU)
- Competitive forex spreads
- Order execution from 0.01 seconds
- Up to 11 base currency options depending on license type
- Scalping, hedging, and forex robots EA allowed
- Not available in the U.S., U.K. or Japan
- Educational materials are limited
- No cTrader or TradingView
- No banking license
Get started
Pepperstone is an Australian broker focused on providing international forex, CFD and cryptocurrency trading. Though U.S. traders currently cannot open an account with Pepperstone, the broker remains an affordable and comprehensive option for international traders.
Pepperstone offers traders access to over 61 forex markets, over 60 CFDs for index funds and stocks and 5 cryptocurrencies. Leverage options with Pepperstone are extensive; you may qualify for up to 500:1 leverage when trading currencies and up to 5:1 leverage when trading cryptocurrencies, for example.
There are a few areas where Pepperstone can afford to improve. We’d love to see Pepperstone add its own trading platform in the future instead of relying entirely on 3rd-party platforms. We’d also love to see direct stock and fund purchase options in the future. Despite these flaws, Pepperstone remains a very strong choice for international traders.
Best For
- International traders interested in trading CFDs from foreign markets and currencies
- Traders who are already familiar with the MetaTrader or cTrader platforms
- Traders who are looking for leverage when trading cryptocurrencies
- Access to over 61 forex pairs and over 60 stock CFDs
- Leverage available for both forex and cryptocurrency trading
- Wide range of educational tools and courses that both beginners and experts can use
- 24/7 customer service
- Not currently available to U.S. traders
- No option to purchase stocks, bonds or mutual funds directly; only CFDs are available
get started
securely through XTB’s
website
XTB provides traders of all skill levels access to more than 2,100 global markets. It’s one of the largest stock-exchange-listed forex and contract for difference (CFD) brokers offering a regulated, proprietary platform. For almost 20 years, XTB’s platform has simplified trading for beginner traders yet enabled experts to optimize their strategies by incorporating advanced tools.
Its fully customizable, easy-to-use platform incorporates educational content, market insights and technical tools to give traders an edge over the rest of the market. XTB’s all-in-one offering has made it the ideal broker for more than 500,000 traders globally.
Best For
- Beginner traders seeking educational content and around-the-clock support
- Investors wanting access to various financial markets
- Traders analyzing fundamental factors to optimize their strategies
- Expert traders incorporating advanced tools
- Easy-to-use trading platform with access to numerous assets
- Free educational material and market insights
- Cashback for trades (professional clients only, not retail)
- Offers xStation 5, mobile app and MetaTrader 4
- Weekend support unavailable
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 forex trading and online broker accounts. With low fees, a low barrier to entry, excellent customer service, fast transfers and trades and a large following globally, JustMarkets is an established, 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 an online broker is a good fit for your situation and goals.
Answer Link
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 get started with as little as $1.
Answer Link
The post JustMarkets Review by Benzinga Contributors appeared first on Benzinga. Visit Benzinga to get more great content like this.