JustForex Review


JustForex, a retail Forex broker that operates out of St. Vincent and the Grenadines, focuses on retail traders from emerging markets. It uses generous promotions to attract new clients; in fact, the broker claims that a new client opens an account every eight seconds. From their website, average profits are seven times the initial deposit, 52% of traders consider it as their primary source of income, and 70% make use of its research. The website boasts that JustForex serves millions of traders from 197 countries.

JustForex Review landing page

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Regulation and Security

JF Global Limited, the corporate owner of JustForex, maintains registration in St. Vincent and the Grenadines. The Financial Services Authority (FSA) authorizes international business companies (IBCs) though it does not provide regulatory oversight. Credexa Commerce LP acts as the payment agent.

Client deposits remain segregated, as stated by JustForex on their website. Deep liquidity (granted by 18 global banks), and international security standards are part of JustForex's efforts to protect its clients. Negative balance protection exists, but deposit insurance is absent. No mention of external auditors is available.

JustForex is an IBC, registered in St. Vincent and the Grenadines.

JustForex Review registry info

Per its own account, client deposits remain segregated.

JustForex Review client deposit info

Negative balance protection exists.

JustForex Review negative balance protection

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A combination of spreads and commissions create the cost-structure at this broker. The advertised pricing environment is competitive but isolated to a handful of assets only. Traders receive a commission-free EUR/USD spread of 0.6 pips in the Pro account, which is a competitive offer. The Raw Spread alternative lists 0.0 pips for the same currency pair for a fee of three currency units of the base currency per side, or €6 for the EUR/USD.

Swap rates on leveraged overnight positions apply, and corporate actions such as dividends, mergers, and splits, impact equity and index CFDs. JustForex passes on all relevant credits/debits and remains transparent about them. An inactivity fee of $5 per month exists if no trading activity has occurred for 150 days. Deposit and withdrawal fees depend on the payment processor, but the overall fee structure is minimal.

The Pro account offers spreads as low as 0.6 pips.

JustForex Review Pro account spreads

The Raw Spread account commences with spreads as low as 0.0 pips for a commission of six currency units of the base currency per round lot.

JustForex Review raw spread account

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What Can I Trade

JustForex maintains 65 currency pairs, seven cryptocurrencies, ten commodities, 65 equity, and 11 index CFDs. An additional 25 futures contracts complete the asset selection, spanning six classes, for a total of 183. This offering is sufficient for most retail traders, and especially for the primary target group of this broker, which historically operate smaller portfolios.

Traders have 183 assets available for trading with a maximum leverage of 1:3000.

JustForex Review asset list

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Account Types

Three commission-free account types, and one raw spread alternative, are offered by JustForex. The Cent and Standard accounts require a minimum deposit of just $1 or a currency equivalent. Remaining committed to smaller portfolios, the Pro and Raw Spread accounts require only $100 to open and provide a suitable trading environment. JustForex also offers swap-free Islamic accounts.

JustForex offers traders four account types.

JustForex Review account types

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Trading Platforms

Traders may choose between the basic version of the MT4 or MT5 trading platforms. It offers a quick guide on how to use MT4, in a refreshing touch, directly under the introduction of the trading platform. Regrettably, JustForex does not grant any third-party add-ons to upgrade the trading platforms. MQL5 Signal Trading supports social trading in MT4/MT5.

The MT4 trading platform remains the superior selection at JustForex.

JustForex Review MT4 platform

MT5 is equally available, confirming this broker's additional investment into its infrastructure.

JustForex Review MT5 platform

Social traders may use MQL5 Signal Trading available inside the MT4/MT5 trading platform.

JustForex Review MQL5 social trading info

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Unique Features

Perhaps the most unique feature offered by JustForex is the leverage of up to 1:3000 which is especially high considering that many regulators and can provide traders with an opportunity to get more for their money. However, it should be noted that trading with leverage is not advisable for all traders and should be done with extreme caution as it can also cause significant losses.

Another advantageous feature we found during this JustForex review is the bonuses offered to clients which may vary, but can often provide a solid incentive to try out the service.

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Research and Education

JustForex generates dozens of trade set-ups daily, divided among six sections. The content is generally brief but consists of charts and the necessary essential written analysis, resulting in acceptable research. Education consists of webinars, an extensive library of written content, and five short educational videos. Research and education fulfill an essential role at JustForex, as evident in the invested effort.

JustForex generates dozens of trading ideas across six sections.

JustForex Review trading ideas

New traders may register for webinars and gain access to past ones.

JustForex Review webinar info

An extensive library of written educational content is maintained.

JustForex Content Library

Five short videos are also available.

JustForex Review video library

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Customer Support

English customer support is available 24/7, accessible via e-mail, phone, callback, live chat, and six messenger services.

Customer Support is readily available via a number of channels.

JustForex Review customer support

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Bonuses and Promotions

JustForex offers generous promotions to attract new clients. The promotions may be as high as 200%, but traders should read the terms and conditions before confirming their bonus.

JustForex Review bonuses and promotions

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Opening an Account

An online application is used to create new accounts. After obtaining access to the back office, verification is mandatory to comply with AML/KYC requirements. A copy of the trader’s ID and one proof of residency document usually completes this step.

The Account Opening procedure is standard for the industry.

JustForex Review account opening process

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Deposits and Withdrawals

JustForex supports 25 payment options, including credit/debit cards, online payment processors, local bank wires, and cryptocurrencies. Processing times for deposits are instant, while withdrawals are commendably fast, at between one and two hours. Applicable fees are dependent on the preferred payment processor. In general, the overall choice is excellent.

Deposits are processed instantly.

JustForex Review deposit info

Withdrawal times are incredibly fast.

JustForex Review withdrawal info

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General Information

Company Information

  • Broker's Name : Justforex
  • Headquarter : Saint Vincent and the Grenadines
  • Regulation :

Account Information

  • Type of Broker : Market Maker
  • U.S. Clients Allowed :
  • Minimum Deposit : $1
  • Maximum Leverage : 1:3000
  • Commissions / Spreads : Both
  • Account 1 : Cent
  • Account 2 : standard
  • Account 3 : Pro
  • Account 4 : Raw Spread
  • Demo Account :
  • Islamic Account :
  • Segregated Account :
  • Managed Accounts :
  • Deposit Options :
  • Withdrawal Options :

Instruments Traded

  • ETFs :
  • CFDs :
  • Commodities :
  • Metals :
  • Stocks :
  • Oil :
  • Gold :
  • Binary Options :
  • Indices :

Trading Platforms

  • Type of Platform : MetaTrader 4, MetaTrader 5
    • Platform Languages :
      • English
    • OS Compatibility :
      • Mac
      • Windows
      • Linux
      • Mobile
      • Web
      • iPhone
      • iPad
  • Trading Signals :
  • Charting Package :
  • Market Analysis :
  • Chart Trading :
  • Automated Trading :
  • Scalping :
  • Hedging :
  • Mobile Alerts :
  • E-mail Alerts :
  • Trailing Stops :
  • Guaranteed Stop Loss :
  • Guaranteed Limit Orders :
  • Guaranteed Execution :
  • One-click Execution :
  • OCO Orders :
  • Interest on Margin :
  • Web-based Trading :
  • Mobile Trading :

Customer Support

    • Website Languages :
      • English
      • Bahasa
      • Thai
      • Malay
      • Russian
      • Chinese
      • Japanese
      • Turkish
      • French
      • Arabic
      • Spanish
      • Other
  • Support Hours : 24/7
  • E-mail Support :
  • SMS Support :
  • Chat :

Pros and Cons

  • Excellent deposit bonuses
  • High leverage
  • Ideal for traders in emerging markets
  • No deposit insurance

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Is JustForex a good broker?

An acceptable trading environment and educational division, and plenty of daily trading ideas, make JustForex a suitable choice for new retail traders.

How long does it take to withdraw from JustForex?

It takes one to two hours.

What is the minimum deposit for JustForex?

It is $1 for the Cent/Standard account, and $100 for the Pro/Raw Spread account.

Does JustForex have bonuses?

Yes, a series of deposit bonuses and promotions are available.

Is JustForex a scam?

JustForex is a legitimate business; it operates as an authorized IBC by the St. Vincent and Grenadines FSA. Traders should be aware that JustForex is an unregulated entity; the FSA issued a press release in regards to that fact in order to avoid confusion.

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JustForex has impressive statistics listed on its website and offers acceptable trading environment and education. Given the effort to provide honest research with dozens of daily trading ideas, it remains ahead of many competitors in this regard. The focus remains on emerging markets, where portfolios are historically lower than in developed markets. JustForex attempts to bridge the gap via generous bonus campaigns. The overall services available to traders make it a viable choice, especially in the sub-$1,000 deposit category.

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