JustForex is a Forex broker based in St. Vincent and the Grenadines that caters to retail Forex traders in this rapidly expanding industry. It offers substantial incentives to new customers; indeed, the broker claims that a new account is opened every eight seconds.
According to their website, the average return on investment is seven times the initial deposit, 52% of traders see it as their main source of revenue, and 70% do research. It services millions of traders from 197 different countries, according to JustForex.
JustForex Legal Status
JustForex is owned by JF Global Limited, which is headquartered in St. Vincent and the Grenadines. The Financial Services Authority authorises but does not supervise international business corporations. The payment processor is Credexa Commerce LP.
According to JustForex’s website, customer funds are kept separate. JustForex protects its customers via a combination of broad liquidity and stringent international security requirements. Negative balance protection is available, however there is no deposit insurance. The list excludes external auditors.
JustForex Trading Platform
Traders may select between the MT4 and MT5 trading platforms in their most basic configurations. It is followed immediately by a brief tutorial on how to use MT4, which is a nice touch. On the other hand, JustForex does not permit third-party add-ons to enhance its trading platforms. Social trading is enabled by MQL5 Signal Trading in MT4/MT5.
Leverage
JustForex’s primary differentiating feature is its leverage of up to 1:3000, which is very high in comparison to many regulations and may provide traders with an opportunity to profit. On the other hand, leveraged trading is not suitable for all traders and should be approached with care due to the possibility of large losses.
Asset Class
JustForex provides 65 currency pairs, seven cryptocurrencies, ten commodities, 65 CFDs on stocks and indexes, and eleven index choices. With the inclusion of 25 futures contracts covering six asset classes, the total number of available asset choices now stands at 183.
This package is sufficient for the vast majority of retail traders, particularly the broker’s core target demographic, which has traditionally maintained modest positions.
Account Types
JustForex offers three different types of commission-free accounts in addition to a single kind of raw spread. A minimum deposit of $1 or the currency equivalent is required for the Cent and Standard accounts.
The Pro and Raw Spread accounts, which are geared for traders with smaller portfolios, begin at $100 and offer an appropriate trading environment. Additionally, JustForex provides swap-free Islamic accounts.
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Educational Outlet
JustForex produces hundreds of trade setups each day and categorises them into six distinct categories. While the material is concise, it includes essential visuals and textual analysis, resulting in a pleasant study.
Education is provided via webinars, a wealth of written material, and five brief instructional films. As shown by the time and effort spent, JustForex places a high premium on research and education.
Customer Support
24 hours a day, seven days a week, customer support is accessible in English through e-mail, phone, callback, live chat, and six messaging platforms.
Customer support is accessible through a variety of channels.
JustForex Funding and Payment
JustForex accepts credit/debit cards, online payment processors, local bank transfers, and cryptocurrencies as payment methods. Deposits are processed instantly, but withdrawals take between one and two hours. The payment processor determines the relevant fees. By and large, the options are favourable.
JustForex provides a variety of attractive incentives to attract new customers. While the incentives may be worth up to 200 percent, traders should read the small print carefully before accepting them.
JustForex Review Conclusion
JustForex’s website is very informative and, in addition to educating, provides a suitable trading environment. Given the time and effort invested in providing unbiased research and hundreds of daily trading suggestions, it continues to outperform a large number of rivals in this industry.
JustForex’s emphasis is on developing nations, which have historically had smaller portfolios than industrialised countries, and it intends to close that gap via substantial incentive programmes.
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