JustMarkets Review: Features, Pros, Cons, and More 2024!

JustMarkets is a forex and CFD broker that provides online trading services globally. Based in Seychelles, it is regulated by top regulatory authorities including CySEC, FSC, FSA-S, FSCA. JustMarkets offers a variety of trading instruments, including Forex, CFDs, Gold, Oil. It supports popular trading platforms and tools such as MT4, MT5 and WebTrader.

Though JustMarkets is a highly trusted and regulated forex and CFD broker, it has its strengths and weaknesses. In this review, we will take an in-depth look at JustMarkets, exploring its features, pros, cons, and more. By reading this review, you will gain a better understanding of whether JustMarkets is the right broker for your trading needs and preferences.

What is JustMarkets?

Founded in 2012, Just Markets is an online forex broker that offers forex and CFD trading facilities. Regulated by CySEC, FSC (Mauritius), and FSA (Seychelles), Just Markets provides a wide range of trading instruments, including Forex, CFDs, and Cryptocurrencies. The broker allows almost all trading styles, from scalping to EA Trading, Copy Trading, and news trading.

Just Markets offers multiple trading platforms such as MT4, MT5, and a mobile trader platform. For passive investors, Just Markets provides a “copy trading” platform. The broker offers leverage as high as 3000:1. Additionally, with floating spreads starting from 0 pips, Just Markets aims to provide competitive pricing for its clients.

Key Features:

• Applicable For: Applicable for all jurisdictions including CySEC, FSC, FSA-S, FSCA
• Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity. 
•  KYC Verification: Required 
• Trading Instruments:  Forex,CFDs, Gold, Oil.
• Trading Platforms: MT4, MT5, MetaTrader Webtrader
• Minimum Deposit:  $1
• Maximum Leverage: Up to 30:1 (CySEC, ASIC), up to 1000:1 (FSA), and up to 500:1 for a professional account.
• Trading Fees: Trading fees (spreads and commissions) depend on account types. The minimum spread is 0.0 pips for the Raw Spread account, $3 per lot for the Raw Spread account, and no commission for the Standard and Pro account.
• Minimum Trade Size: 0.01 lot. 
• Maximum Trade Size (Lot restriction per Ticket): 200 Lots 
• Funding Currencies: USD EUR GBP JPY MYR IDR THB VND KWD CNY ZAR AED NGN
• Maximum Number of Positions ( At a time): 200 for MT4, MT5 Live account, 100 for MT4, MT5, demo accounts, 2000 for Ctrader trading account. 
• Maximum Volume per trade: The maximum volume per trade ranges from 50 to 250 lots, depending on the platform type and tradable assets. For Shares CFDs, the maximum volume is 1000 shares in total
• Trading Style Allowed: All including Scalping, hedging, and EA Trading. 
• Stop Out Level (retail): 20%
• Margin Call Level: 50% 
• Negative balance Protection: Yes 
• Investor Protection:  Available under ASIC and CySEC regulations. However, the Investor protection scheme does not apply to FSA jurisdiction. 

JustMarkets Pros and Cons

Pros:

• Regulated by CySEC, FSC, FSA-S 
• The minimum deposit is as low as $1 
• Maximum Leverage is 1:3000 (up to 1:30 for retail clients and up to 1:3000 for professional clients on justmarkets.eu )
• All strategies are allowed (Scalping, News trading, EA Trading) 
• Negative balance protection;
• Multilingual support 24/7.
• MetaTrader 4/5 Offered
• Spreads from 0 pips
• 170+ trading instruments

Cons:

• Not regulated by tire regulators like FCA, ASIC 
•  No passive investment program ( MAM, PAMM Accounts) 
•  US, UK, or Japan Traders are not accepted 
•   A small selection of trading instruments;
• Sometimes it takes time to receive a response from technical support;
•  3% withdrawal fees if you do not have any trading activities 

Our Ratings for JustMarkets:

Review and Reputation on Public Domains:

Public review sites like Trustpilot and Forex Peace Army have become important sources of information about brokers. Many traders share their real-life trading experiences on these platforms. However, there are also many fake or paid reviews on these platforms, and sometimes competitors leave negative reviews. This makes it challenging to find genuine reviews. By carefully reading the content and context of the reviews, you can often discern their authenticity. Do not blindly rely on these reviews; instead, use them as part of your overall broker research process

JustMarkets Ratings and Reviews from Trustpilot:

JustMarkets has earned a rating of 4.8 out of 5 on Trustpilot. These high ratings indicate customer satisfaction and trust. After carefully examining the reviews, we found that most of them are genuine, provided by real users sharing their real-life trading experiences.

JustMarkets Ratings and Reviews from Forex Peace Army:

JustMarkets has achieved an average rating of 3.8 out of 5 on Forex Peace Army (FPA). We’ve observed numerous brokers on FPA, and most brokers tend to have lower ratings. Several reasons might contribute to this. There is a complaint that FPA does not approve all positive reviews and only approves negative ones for the sake of their business. To understand the real reviews, traders should focus on the content of the reviews. Typically, fake, paid, or competitor reviews are generic. While you should consider these reviews as part of your research process, you shouldn’t make decisions based solely on them. For instance, if you encounter any user complaints, you might discuss them with the broker to verify if such issues exist. Additionally, you should review the broker’s policy and terms of service.

Final Verdict:

JustMarkets is a regulated forex and CFD broker that offers its trading services to traders and investors worldwide. It provides a wide range of trading instruments, including Forex, CFDs, Gold, Oil. The broker’s spreads start from as low as 0.0 pips, and it offers high leverage (up to 1:3000) and a low minimum deposit (as low as $1). With top-tier regulations, a variety of trading instruments, high leverage, low minimum deposit, fast execution, and flexible account types, JustMarkets can be a good choice for many traders.

However, the broker does not accept US clients. It also does not have any investor protection scheme for non-UK/EU traders. Additionally, JustMarkets does not offer any real stocks or cryptocurrencies; it offers only forex and derivatives. 

If you are a forex and CFD trader looking for a trusted broker, JustMarkets can be an ideal choice for your trading journey. However, We always encourage traders to test brokers with a demo account or with a small deposit. Once you are satisfied with the trading conditions of the broker, you may proceed with real trading.