JustMarkets Review

Company Background & Regulation

JustMarkets was established in 2012 and has since emerged as a dynamic player in the online trading arena. Based in Limassol, Cyprus, the company has strategically positioned itself to cater to traders seeking high leverage and tight spreads. Over the years, JustMarkets has built a reputation for offering a broad spectrum of trading instruments, including forex, CFDs, indices, commodities, and cryptocurrencies. The company leverages the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, providing traders with robust tools and features to enhance their trading experience.

The ownership of JustMarkets is privately held, with a focus on innovation and customer-centric services. The company's ethos revolves around offering flexible trading conditions and a streamlined account opening process, attracting both novice and experienced traders. Since its inception, JustMarkets has expanded its global footprint, serving clients in various regions and maintaining a commitment to transparency and integrity in all its dealings.

When it comes to regulation, JustMarkets operates under the regulatory oversight of the Cyprus Securities and Exchange Commission (CySEC), holding a licence that ensures compliance with European financial regulations. The CySEC licence instils confidence among traders, as it mandates adherence to strict operational standards and financial accountability. While the exact licence number is not specified, CySEC's regulatory framework is renowned for its rigor in safeguarding client interests.

Client fund protection is a critical aspect of JustMarkets’ operations. The company employs segregated accounts to ensure client funds are held separately from the company’s operational funds. This separation mitigates risk and provides an additional layer of security for traders. Furthermore, JustMarkets participates in compensation schemes that protect client deposits up to certain limits, offering peace of mind to traders in the event of unforeseen financial difficulties faced by the broker.

Trading Fees & Spreads

JustMarkets is recognised for its competitive fee structure, particularly beneficial for those seeking cost-effective trading solutions. The broker offers spreads starting from 0 pips, which is an attractive proposition for scalpers and high-frequency traders. For major forex pairs like EUR/USD, spreads can be as low as 0.0 pips, depending on the account type and market conditions. This ultra-low spread offering is complemented by a flexible commission structure that varies across different account types.

On the commission front, JustMarkets employs a transparent approach. For certain account types, like the Pro and Standard accounts, trading is commission-free, with costs primarily embedded within the spreads. However, the Raw Spread account charges a commission of $3 per side, making it a total of $6 per round turn, which is relatively competitive within the industry. Such a structure allows traders to choose accounts based on their trading style and cost preferences.

Overnight swap rates, or rollover fees, are applicable for positions held overnight. These rates are based on the interest rate differential between the two currencies in a forex pair and can either be positive or negative. JustMarkets updates these rates regularly, and they are accessible through the trading platform to ensure transparency. Traders are encouraged to check these rates frequently, as they can impact the overall cost of holding positions for extended periods.

Regarding non-trading fees, JustMarkets maintains a minimalistic approach. The broker does not impose any deposit fees, allowing clients to fund their accounts without incurring additional costs. Withdrawal fees, however, may vary depending on the method chosen, so it is advisable for traders to review these costs prior to transactions. Importantly, JustMarkets does not charge inactivity fees, which is a significant advantage for traders who prefer flexibility without the pressure of maintaining constant activity. In comparison to competitors, JustMarkets stands out for its low entry barriers and cost-effective trading conditions, making it a compelling choice for traders across different experience levels.

Trading Platforms & Tools

Web Platform

JustMarkets offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, both of which are accessible via web browsers. The MT4 web platform is renowned for its user-friendly interface, making it ideal for both beginners and seasoned traders. It provides a seamless trading experience without the need to download or install any software. Key features include real-time quotes, a comprehensive range of order types, and advanced charting tools. Traders can access multiple timeframes, from one minute to one month, and utilise over 30 technical indicators and analytical objects.

Desktop Platform

The desktop versions of MT4 and MT5 offered by JustMarkets provide enhanced functionality compared to their web counterparts. These platforms are particularly favoured by professional traders who require advanced analytical tools. MT4 boasts a powerful array of features, such as Expert Advisors (EAs) for automated trading, and supports various order types including market, pending, stop orders, and trailing stop. MT5, while maintaining all the capabilities of MT4, offers additional features like an economic calendar and more sophisticated order management tools. Both platforms support algorithmic trading and provide a robust API for custom strategies.

Mobile Platform

The mobile trading experience on JustMarkets is facilitated through the MT4 and MT5 mobile apps, available on both iOS and Android devices. The apps are optimised for mobile trading, ensuring that users can trade on the go without compromising on functionality. Features include real-time quotes, a full set of trade orders, and interactive charts. Traders can manage their accounts, execute trades, and analyse the market with a range of technical indicators, making it a comprehensive solution for active traders who need flexibility and mobility.

Charting Capabilities & Integrations

Charting capabilities across JustMarkets’ platforms are robust, offering traders a variety of tools to analyse price movements and identify market trends. Both MT4 and MT5 provide extensive customisation options for charts, including multiple chart types like bars, candlesticks, and line charts. Users can apply numerous technical indicators and graphical objects to enhance their analysis. Additionally, the platforms support alerts and notifications, enabling traders to stay informed about market changes. JustMarkets also supports third-party integrations, allowing traders to utilise external tools and plugins to enhance their trading strategies and capabilities further.

Account Types & Minimum Deposit

Account Tiers

JustMarkets offers several account types designed to cater to different trading needs and experience levels. The account tiers include Standard, Pro, Raw Spread, and Cent accounts. Each account type provides unique features tailored to specific trading styles. The Standard account is suitable for most traders, offering competitive spreads and no commission on trades. The Pro account is targeted at experienced traders who require tighter spreads and faster execution speeds. The Raw Spread account offers spreads from 0 pips with a small commission, ideal for scalpers and high-frequency traders. The Cent account is designed for beginners, allowing them to trade smaller lot sizes and manage risk more effectively.

Minimum Deposit & Deposit Methods

One of the standout features of JustMarkets is its ultra-low minimum deposit requirement of just $1, making it accessible to traders with varying budget sizes. This flexibility allows newcomers to start trading with minimal financial commitment. JustMarkets supports a wide range of deposit methods to accommodate its global client base. These methods include bank transfers, credit/debit cards, and popular e-wallets such as Skrill, Neteller, and Perfect Money. The availability of diverse deposit methods ensures that clients can fund their accounts conveniently and securely.

Demo & Islamic Accounts

For traders looking to familiarise themselves with the JustMarkets platform without risking real capital, a demo account is available. This account type provides access to virtual funds, allowing users to practice trading strategies and get accustomed to the platform's features. Furthermore, JustMarkets offers Islamic accounts that comply with Sharia law, ensuring that Muslim traders can engage in forex and CFD trading without incurring swap or interest charges. This account type is available on request and provides the same features and benefits as standard accounts, minus the overnight interest.

Markets & Instruments

JustMarkets offers a diverse range of asset classes, catering to traders with varying interests and strategies. The broker provides access to the forex market, where clients can trade over 50 currency pairs, including major, minor, and exotic pairs. This broad selection allows traders to engage in various currency strategies, from straightforward trades in major pairs like EUR/USD to more complex strategies involving exotic pairs such as USD/TRY.

In addition to forex, JustMarkets offers a robust selection of Contracts for Difference (CFDs) across several asset categories. Traders have access to indices, commodities, and cryptocurrencies. For indices, clients can trade CFDs on major global indices such as the S&P 500, FTSE 100, and Nikkei 225, allowing them to speculate on the performance of global stock markets. The commodities segment includes precious metals like gold and silver, as well as energy products like crude oil, enabling diversification and hedging opportunities.

Notably, JustMarkets has a selection of cryptocurrency CFDs, including popular digital currencies such as Bitcoin, Ethereum, and Litecoin. This offering is particularly appealing to traders interested in the volatility and growth potential of the crypto market. However, it's worth mentioning that the broker's stock selection is limited compared to some competitors, potentially narrowing options for traders interested in equity markets.

Safety & Security

JustMarkets is committed to maintaining a high level of safety and security for its clients. As a broker regulated by the Cyprus Securities and Exchange Commission (CySEC), JustMarkets adheres to stringent regulatory standards designed to protect investors. A key aspect of these standards is the segregation of client funds, which ensures that traders' deposits are kept in separate accounts from the broker's operational funds. This practice protects client assets in the unlikely event of the broker's insolvency.

In addition to fund segregation, JustMarkets provides negative balance protection to its clients. This feature ensures that traders cannot lose more than their initial investment, offering an additional layer of security, especially given the high leverage options available. The broker also prioritises cybersecurity measures, employing advanced encryption technologies to safeguard personal and financial data during transactions and account management. This commitment to security aligns with the broker's regulatory compliance and builds trust with its clientele.

Who Is JustMarkets Best For?

JustMarkets is particularly well-suited for traders who value flexibility and high leverage. With a maximum leverage of 1:3000, the broker is a compelling choice for experienced traders who use leverage as part of their trading strategy. This feature, combined with a minimum deposit requirement of just $1, allows traders to start small and gradually scale their investments as they become more comfortable with the platform and leverage mechanics.

The broker's wide range of markets and instruments makes it an attractive option for those looking to engage in forex and CFDs trading. The availability of MT4 and MT5 platforms caters to both novice and professional traders, offering robust tools and features for technical analysis and automated trading. Traders who appreciate a swift account opening process will also find JustMarkets appealing, as the broker is known for efficient onboarding procedures.

However, JustMarkets may not be the best fit for traders looking for a comprehensive stock trading experience, as its equity offerings are somewhat limited compared to competitors. Additionally, the high leverage options, while advantageous to some, could pose significant risks for inexperienced traders who may not fully understand the potential for amplified losses.

• Ideal for experienced traders leveraging high-risk strategies.
• Suitable for forex and CFD traders seeking diverse market access.
• Recommended for traders who prefer MT4 and MT5 platforms.
• Beneficial for those starting with a low initial deposit.
• Not ideal for traders seeking extensive stock trading options.
• Potentially risky for novice traders due to high leverage exposure.