June 5, 2020

JustForex Review

Regulators: IFSC

Cryptocurrencies: YES

Minimum Deposit: $1

Maximum Leverage: 1:3000

Spreads: Low

My Score: 9.0

JustForex is a well-known Forex broker that has been successfully providing high-quality brokerage services since 2012. The company has made a long way to prove its reliability and competitiveness in the market. Today, it is one of the leading brokers in Asia and continues to expand. Being a relatively large company in the Asian market, JustForex offers its customers to trade currency pairs, precious metals, indices, energies, stocks, and futures.

Account Types

JustForex offers several account types. These are Standard Cent, Standard, Pro, and Raw Spread accounts. Each account is designed so as to meet the specific requirements of different traders. There is the Market execution on all account types. 

The Standard Cent account is created for newcomers on Forex and for those, who want to test their own trading strategies. Standard Cent accounts may be opened in US cents. The minimum deposit is 1 USD. The maximum leverage is 1:1000. 37 Forex currency pairs, 4 metals, and 9 indices are available for trading on the Standard Cent account. The commission is absent. 

The Standard account is the most popular among traders. In addition to high leverage, it offers narrow spreads from 0.3 pips and no commission. The minimum deposit starts from just 1 USD. The maximum leverage is 1:3000. 65 Forex currency pairs, 4 metals, 9 indices are available for trading. Accounts may be opened in USD, EUR, GBP, MYR, IDR, THB, VND, KWD, CNY, ZAR.

JustForex offers Pro accounts for experienced and professional participants of financial markets. The main feature of this type of account is a wide range of trading tools: more than 65 currency pairs, 4 metals, 11 indices, 2 energies, 65 shares, 25 futures. The minimum deposit starts from 100 USD. The maximum leverage is 1:3000. There is no commission for trading. Accounts may be opened in USD, EUR, GBP, MYR, IDR, THB, VND, KWD, CNY, ZAR.

The Raw Spread account is remarkable for the floating spread, which starts from 0 pips. It is significantly lower in comparison with other accounts. There is a commission of 3 units of the base currency per lot/side. The minimum deposit is just 100 USD. 65 currency pairs, 4 metals, 11 indices, 2 energies, 65 shares, 25 futures are available for trading. The maximum leverage is up to 1:3000 as well. Accounts may be opened in USD, EUR, GBP, MYR, IDR, THB, VND, KWD, CNY, ZAR.

Newcomers are better to pay attention to the practice account. Demo accounts help you learn to trade on Forex. They are very similar to real trading accounts – the same terminal, current market data, real quotes. But on the demo accounts, virtual money, not real, is used. So, you do not need to deposit your account to start trading. But these accounts are designed only for practice. You won’t earn real profit here. It will be virtual, not real, as well. 

Platforms

JustForex offers its clients two versions of the MetaTrader platform for trading: MetaTrader 4 and MetaTrader 5. MT4 and MT5 are the most popular terminals among traders. They are user-friendly and intuitive and offer many innovative features. MetaTrader 4 and MetaTrader 5 make trading more comfortable and faster. At JustForex, you’ll find desktop, mobile, and web versions of the MetaTrader trading terminal. 

Deposit and Withdrawal

The broker suggests a lot of options for depositing and withdrawing funds: Visa/Mastercard, FasaPay, China UnionPay, AliPay, Sticpay, Perfect Money, Qiwi Wallet, local bank transfers, and much more. It should be noted that the commission on deposits is absent, all the expenses JustForex takes upon itself. 

Promo

The JustForex broker provides different promotions and contests for traders, where they may win real money prizes, available for withdrawal. Moreover, there is a constant 115% bonus on deposit. According to its rules, clients may get up to 115% on deposits from 100 USD. 

Education

The JF broker offers a strong Analytics section, where clients will find useful analytics information. From the market overview, investors will get to learn the latest major political and economic world events. The daily forecast, as well as the technical analysis of the main currency pairs, indicate information about current trends in the markets and will tell you when it is better to open positions.

Together with the Analytics section, the Education section suggests useful articles on trading issues as well as a Trading glossary and an economic calendar. The economic calendar reflects the major economic changes affecting Forex. It tracks the economies of more than 50 countries in online mode.

Partnership

JustForex widely advertises and offers partnerships in business. Affiliate programs are created for Forex traders, mentors, bloggers, active social network users. It is proposed to present the project, building an own network of clients, and developing your own business.

The partnership can be of several types: Introducing Broker, regional representative, White Label, payment agent. Partners receive earned funds upon request.

Moreover, recently JF has introduced a new way of investing and earning money. It offers to try MAM accounts. The sense of it is simple. Several investors, who do not want to trade by themselves, may invest their money in the MAM account. A professional MAM manager is trading on this money invested, and the profit earned from his trading is divided between those who have invested the money. So investors and professional managers will get additional income. This is an excellent option for both sides. 

Support

One more advantage of the JF broker is its support team. The broker has multi-lingual support, which works 24/7 and is always ready to help and assist in any trouble occurring. And qualified staff will help to get answers to all questions quickly. Moreover, the support team is prepared to answer all the issues in any convenient way. In essence, the client may contact it via phone, email, live chat, Telegram, Skype, Whatsapp, Viber, Messenger, Line.

 

Justforex

9

Trust

9.0/10

Commissions and charges

8.0/10

Customer Service

10.0/10

Platform & Tools

8.5/10

Product Portfolio

9.5/10

Pros

  • IFSC Regulated
  • Low minimal deposit
  • MT4 & MT5 endorsed

Cons

  • Not governed broker
  • Not allowed in USA