JustMarkets
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Pros and Cons
- Low minimum deposit
- High leverage options
- Wide range of trading assets
- Comprehensive educational resources
- Responsive customer support
- Advanced trading features
- Competitive spreads
- No cTrader platform
- Withdrawal processing time could be faster
- Limited local payment options
Introduction to JustMarkets
JustMarkets, formerly known as JustForex, is a global broker providing trading services across multiple markets, including Forex, commodities, indices, stocks, and cryptocurrencies.
With a strong presence in the African market, JustMarkets has gained popularity due to its wide range of account types, competitive trading conditions, flexible leverage options, and commitment to customer support and education.
These features make JustMarkets particularly attractive to both beginner and experienced traders looking for a reliable broker that meets their needs.
In this comprehensive review, we’ll explore JustMarkets’ offerings in detail, focusing on how the broker caters to the African market and how traders can take advantage of its features.
We’ll discuss the broker’s regulatory status, account types, trading platforms, deposit and withdrawal methods, leverage, trading instruments, and much more.
The aim is to provide an in-depth understanding of JustMarkets, ensuring that traders—especially those with low to intermediate experience—can make informed decisions when choosing this broker.
Visit the official website: www.justmarkets.comRegulatory Status and Safety of Funds
When considering a broker, it’s essential to evaluate the regulatory environment it operates under, as this directly impacts the safety of your funds and the level of transparency you can expect.
JustMarkets is regulated by the Financial Services Authority (FSA) of Seychelles, under license number SD088.
The FSA is a recognized regulatory body, but it does not carry the same weight as top-tier regulators like the UK’s Financial Conduct Authority (FCA) or Australia’s Australian Securities and Investments Commission (ASIC).
As a result, traders should be aware that while JustMarkets adheres to basic regulatory standards, the protection offered may not be as robust as that of brokers under stricter regulations.
However, JustMarkets has made several efforts to ensure the safety of client funds.
One such measure is the segregation of client funds from the company’s operational accounts.
This means that clients’ deposits are stored in separate accounts, and the broker cannot use these funds for its operational expenses.
Segregating funds is a critical safety feature that provides added security in case the broker faces financial difficulties.
In addition to fund segregation, JustMarkets employs modern encryption technologies to protect client data.
This includes SSL encryption on its website and trading platforms, ensuring that sensitive information—such as personal details and payment information—is kept safe from potential breaches.
This commitment to data security is especially important in the African market, where traders may have concerns about cybersecurity risks.
Account Types at JustMarkets
One of the key reasons why JustMarkets is so popular in the African market is its wide range of account types, designed to suit traders at every level.
Whether you’re a complete beginner or an experienced professional, JustMarkets offers an account that meets your needs. Here’s a detailed breakdown of the different account types:
- Cent Account: This account is perfect for novice traders who are just starting in the world of online trading. The Cent Account allows you to trade with a very low initial deposit—starting from just $1. This low barrier to entry means that you can experience live market conditions without risking a large sum of money. Spreads start from 1.0 pips, which is competitive given the low deposit requirement. Since this account is geared toward beginners, it’s an excellent choice for those who want to practice their strategies with minimal financial risk.
- Standard Account: The Standard Account is designed for more experienced traders who are ready to trade with larger capital. The minimum deposit is $100, and the account offers access to a wider range of instruments with tighter spreads—starting from 0.3 pips. This account type is ideal for traders who have already gained some experience in the market and are looking for a cost-effective trading environment without the additional costs of commissions.
- Pro Account: The Pro Account is tailored for professional traders who need access to institutional-level trading conditions. This account offers the tightest spreads—starting from 0.1 pips—and allows for a minimum deposit of $500. The Pro Account is perfect for high-volume traders or those who use advanced trading strategies. With fast execution speeds and access to premium market conditions, the Pro Account is suited to traders looking for the best possible conditions without commissions on their trades.
- Raw Spread Account: For traders who prioritize tight spreads, the Raw Spread Account is an excellent option. This account type offers raw spreads, which means spreads can be as low as 0.0 pips on major currency pairs. However, traders will need to pay a small commission per lot traded—usually around $3. The Raw Spread Account is ideal for day traders and scalpers who want to minimize their costs, especially when trading in high volumes.
| Account Type | Minimum Deposit | Spread | Commission |
| Cent Account | $1 | From 1.0 pips | No |
| Standard Account | $100 | From 0.3 pips | No |
| Pro Account | $500 | From 0.1 pips | No |
| Raw Spread Account | $100 | From 0.0 pips | $3 per lot |
Leverage at JustMarkets
One of the features that attract African traders to JustMarkets is the availability of high leverage.
Leverage allows traders to open positions larger than their account balance, enabling them to maximize their potential returns.
JustMarkets offers leverage up to 1:3000, which is among the highest available in the industry.
This high leverage option is particularly appealing to traders who want to capitalize on small price movements in the market without committing large amounts of capital upfront.
However, it’s important to note that while high leverage can amplify gains, it also increases the risk of significant losses.
For inexperienced traders, using high leverage can lead to rapid depletion of their account balance.
JustMarkets provides educational resources that emphasize the risks associated with high leverage and encourage responsible trading practices.
African traders, particularly those new to Forex trading, should take care to fully understand the implications of using high leverage before opening trades.
Trading Platforms at JustMarkets
JustMarkets provides access to the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, two of the most popular and widely used platforms in the trading industry.
Both platforms are known for their advanced charting tools, ease of use, and compatibility with automated trading strategies via Expert Advisors (EA).
MetaTrader 4 (MT4)
MT4 remains the go-to platform for many traders around the world due to its simplicity and powerful features.
In Africa, where many traders are looking for a user-friendly interface, MT4 is highly favored. Some key features of MT4 include:
- Advanced Charting Tools: MT4 provides an extensive range of technical indicators and charting options, allowing traders to conduct in-depth analysis of the markets.
- Automated Trading: With the ability to use Expert Advisors (EA), traders can automate their trading strategies, reducing the need for manual intervention.
- Customizable Interface: MT4’s interface is fully customizable, ensuring that traders can tailor the platform to their specific needs.
- Multiple Order Types: MT4 supports multiple order types, including market orders, pending orders, and stop orders, giving traders more flexibility in their trading strategies.
- Desktop, Web, and Mobile Versions: Traders can access MT4 on various devices, ensuring that they can manage their trades from anywhere at any time.
MetaTrader 5 (MT5)
For traders who require more advanced features, MetaTrader 5 (MT5) is available.
MT5 is the successor to MT4 and offers a broader range of tools and functionality, making it ideal for traders who want more control over their trades.
Here are some of the advantages of MT5:
- More Timeframes: MT5 offers more timeframes than MT4, allowing for a more detailed analysis of price movements.
- Depth of Market (DOM): MT5 includes the Depth of Market feature, which provides a more comprehensive view of market liquidity and pricing levels, essential for advanced traders.
- Additional Order Types: In addition to the order types available in MT4, MT5 supports more complex order types, providing more options for traders to execute their strategies.
- Better Analytical Tools: MT5 comes with more technical indicators and analytical tools, making it an excellent choice for traders who rely on technical analysis.
- Faster Processing: MT5 boasts faster processing times, which can be a critical advantage in fast-moving markets.
Deposit and Withdrawal Methods
For African traders, one of the critical aspects of choosing a broker is the ease with which they can deposit and withdraw funds.
JustMarkets offers a wide range of payment options that cater specifically to traders in Africa, ensuring that they can manage their funds quickly and efficiently.
Deposit Options
JustMarkets supports more than 10 deposit methods, including credit/debit cards, bank transfers, and e-wallets.
Here are some of the most commonly used methods by African traders:
- Credit/Debit Cards: Visa and MasterCard are widely accepted at JustMarkets. Deposits are usually processed instantly, making it a convenient option for traders looking to fund their accounts quickly.
- Bank Transfers: For traders who prefer to use local bank transfers, JustMarkets supports several banks in African countries, making it easy to deposit funds directly from a local account.
- E-Wallets: JustMarkets also accepts deposits via popular e-wallets such as Skrill, Neteller, and Perfect Money. These options are popular in Africa due to their speed and convenience.
- Cryptocurrency: In addition to traditional payment methods, JustMarkets allows traders to deposit funds using cryptocurrencies like Bitcoin, Ethereum, and USDT. This is particularly useful for traders who prefer to use decentralized currencies.
Withdrawal Options
Withdrawing funds from JustMarkets is a straightforward process.
The broker offers multiple withdrawal options, including:
- Bank Transfers: Withdrawals via bank transfer usually take 1-3 business days to process, depending on the bank and location.
- E-Wallets: Withdrawals to e-wallets are often processed within a few hours, making this one of the fastest methods for receiving funds.
- Cryptocurrency: Traders can also withdraw funds using cryptocurrencies, which are processed within a few hours depending on blockchain congestion.
Trading Instruments
JustMarkets offers a diverse range of trading instruments, providing traders with access to a wide variety of markets.
This variety allows traders to diversify their portfolios, hedge their positions, or explore new trading opportunities across different asset classes.
Forex Trading
Forex trading is one of the most popular asset classes offered by JustMarkets.
The broker provides access to over 60 currency pairs, including major, minor, and exotic pairs.
Whether you want to trade popular pairs like EUR/USD or explore less common currency pairs like USD/ZAR, JustMarkets has you covered.
Commodities
For traders looking to diversify their portfolios, JustMarkets offers trading in commodities, including precious metals like gold and silver, as well as energy products like oil.
Trading commodities can be an excellent way to hedge against inflation or diversify away from Forex markets.
Indices
Global indices are available for trading at JustMarkets, allowing traders to speculate on the performance of major stock markets.
Popular indices such as the NASDAQ, FTSE 100, and S&P 500 can be traded through CFDs, enabling traders to profit from both rising and falling markets.
Stocks
JustMarkets also offers CFD trading on major global stocks, including companies like Apple, Google, and Amazon.
Trading stocks as CFDs allows traders to take long or short positions without owning the underlying asset, making it easier to profit from market fluctuations.
Cryptocurrencies
In response to the growing demand for cryptocurrency trading, JustMarkets offers a wide range of digital assets, including Bitcoin, Ethereum, Litecoin, and Ripple.
Crypto trading is available 24/7, allowing traders to take advantage of market movements at any time of day.
Get a BonusCustomer Support and Education
JustMarkets places a strong emphasis on customer support, offering 24/7 service through various channels, including live chat, email, and phone.
The broker also supports multiple languages, ensuring that traders across Africa can communicate with the support team in their preferred language.
In addition to customer support, JustMarkets provides a wealth of educational resources to help traders improve their skills and knowledge. These resources include:
- Webinars: Regularly hosted webinars cover a wide range of topics, from basic trading strategies to advanced market analysis.
- Video Tutorials: Step-by-step videos guide traders through the process of using the MT4/MT5 platforms, opening accounts, and placing trades.
- Articles and E-books: JustMarkets offers a library of written content that covers everything from Forex basics to more advanced topics like risk management and technical analysis.
- Economic Calendar: A tool for tracking important economic events that can affect the markets, helping traders make informed decisions.
JustMarkets Comparison Table
This table provides a comprehensive comparison of JustMarkets with 25 other brokers based on essential factors such as minimum deposit, available demo accounts, regulatory status, platforms, leverage, and payment methods.
This comparison helps traders evaluate the broker that best suits their requirements, particularly in the African market.
| Broker | Demo Account | Minimum Deposit | Regulators | Platforms | Leverage | Payment Methods | Visit |
|---|---|---|---|---|---|---|---|
| xChief | Yes | $1 | VFSC | MT4, MT5 | 1:2000 | 8 | Visit xChief |
| JustMarkets | Yes | $1 | FSA | MT4, MT5 | 1:3000 | 10 | Visit JustMarkets |
| XM | Yes | $5 | FCA, CySEC, ASIC | MT4, MT5 | 1:888 | 12 | Visit XM |
| FBS | Yes | $1 | IFSC | MT4, MT5 | 1:3000 | 15 | Visit FBS |
| RoboForex | Yes | $10 | IFSC | R StocksTrader, MT4, MT5 | 1:2000 | 20 | Visit RoboForex |
| XTB | Yes | $0 | FCA, CySEC | xStation, MT4 | 1:500 | 10 | Visit XTB |
| Exness | Yes | $10 | FCA, CySEC, FSCA | MT4, MT5 | 1:2000 | 15 | Visit Exness |
| IC Markets | Yes | $200 | ASIC, CySEC, FSA | MT4, MT5, cTrader | 1:500 | 14 | Visit IC Markets |
| eToro | Yes | $50 | FCA, ASIC, CySEC | eToro Platform | 1:30 (Retail) | 11 | Visit eToro |
| IQ Option | Yes | $10 | CySEC | IQ Option Platform | 1:30 | 9 | Visit IQ Option |
| LiteFinance | Yes | $50 | CySEC | MT4, MT5 | 1:1000 | 11 | Visit LiteFinance |
| FxPro | Yes | $100 | FCA, CySEC, SCB | MT4, MT5, cTrader | 1:500 | 12 | Visit FxPro |
| EasyMarkets | Yes | $100 | ASIC, CySEC | MT4, easyMarkets Web | 1:400 | 13 | Visit EasyMarkets |
JustMarkets Trading Instruments Comparison
This table compares the trading instruments offered by JustMarkets with 25 other brokers.
The comparison includes instruments such as CFDs, Forex, stocks, commodities, cryptocurrencies, metals, and ETFs.
Understanding the range of available instruments can help traders diversify their portfolios and explore different markets.
| Broker | CFD | Forex | Stocks | Commodities | Crypto | Metals | ETFs |
|---|---|---|---|---|---|---|---|
| xChief | Yes | Yes | Yes | Yes | Yes | Yes | No |
| JustMarkets | Yes | Yes | No | Yes | Yes | Yes | No |
| XM | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| FBS | Yes | Yes | No | Yes | Yes | Yes | No |
| RoboForex | Yes | Yes | Yes | Yes | Yes | Yes | No |
| XTB | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Exness | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| IC Markets | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| eToro | Yes | Yes | Yes | Yes | Yes | No | Yes |
| IQ Option | Yes | Yes | No | Yes | Yes | No | No |
| LiteFinance | Yes | Yes | Yes | Yes | Yes | No | No |
| FxPro | Yes | Yes | Yes | Yes | Yes | Yes | No |
| EasyMarkets | Yes | Yes | Yes | Yes | Yes | No | Yes |
| Deriv | Yes | Yes | No | Yes | Yes | No | No |
| Amarkets | Yes | Yes | No | Yes | Yes | No | No |
Conclusion
In conclusion, JustMarkets stands out as a versatile and reliable broker, particularly well-suited for African traders.
With a wide range of account types, flexible leverage options, multiple payment methods, and access to diverse trading instruments, the broker caters to traders of all experience levels.
The availability of MT4 and MT5 platforms, combined with strong customer support and educational resources, further enhances the trading experience.
While JustMarkets’ regulatory framework may not be as stringent as some other brokers, the company’s efforts to segregate client funds and provide secure trading conditions make it a safe choice for most traders.
Whether you’re a beginner looking to explore the world of Forex trading or an experienced trader seeking advanced features, JustMarkets has something to offer.
The broker’s commitment to the African market is evident in its tailored services, making it a top choice for traders across the continent.
Visit the official website: www.justmarkets.comUser Reviews and Opinions
Frequently Asked Questions
Is JustMarkets regulated?
Yes, JustMarkets is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa and the Cyprus Securities and Exchange Commission (CySEC).
What is the minimum deposit for JustMarkets?
The minimum deposit for JustMarkets is $50.
Does JustMarkets offer a demo account?
Yes, JustMarkets offers a demo account for traders to practice and familiarize themselves with the platform.
What payment methods are accepted by JustMarkets?
JustMarkets accepts various payment methods including local bank transfers, credit/debit cards, and e-wallets like Skrill and Neteller.
Does JustMarkets offer negative balance protection?
Yes, JustMarkets offers negative balance protection to ensure that traders do not lose more than their account balance.
What trading platforms does JustMarkets support?
JustMarkets supports multiple trading platforms including MT4, MT5, and WebTrader.
How fast is the trade execution on JustMarkets?
Trade execution on JustMarkets is very fast, typically within 0.02 seconds.
Are there any fees for deposits and withdrawals on JustMarkets?
No, JustMarkets does not charge any fees for deposits and withdrawals.
Does JustMarkets offer educational resources?
Yes, JustMarkets offers a wide range of educational resources including webinars, video tutorials, market news, and eBooks.
Can I trade on JustMarkets using a mobile app?
Yes, JustMarkets offers a mobile trading app available on both the Google Play Store and the Apple App Store.
Resources
Get To Know Our Team
The following team members have contributed to writing, editing, reviewing, and verifying the information in this article:
Arnold K.
Arnold is a financial journalist specializing in Forex and brokers. With a Bachelor of Science in Graphic Communication & Advertising, he blends creativity and analytical insight in his work. Arnold is known for his detailed analyses of forex markets and broker performance, emphasizing strategic decision-making in trading. His writing, featured on many platforms, aims to educate readers on navigating forex complexities. Passionate about technology and continuous learning, Arnold remains a trusted voice in the financial sector.
Oluwapelumi A.
Oluwapelumi A. is a financial journalist specializing in brokers and cryptocurrency. He holds a Higher National Diploma from The Polytechnic, Ibadan. As an independent journalist, his work has been published on premier broker sites, providing insightful analyses on broker performance and market trends. His investing style focuses on dollar-cost averaging, and his expertise includes Bitcoin, Ethereum, Cardano, and Algorand. A firm believer in the transformative power of Bitcoin and blockchain, Oluwapelumi shares knowledge on how these technologies can shape the future financial system. Outside of writing, he enjoys meeting new people and exploring new experiences.
Adetola F.
Adetola is a financial journalist and market analyst. He holds a B.Sc. in Educational Media and Technology from the University of Ilorin. Specializing in swing and position trading, Adetola has expertise in currencies, cryptocurrencies, gold, and stocks. Known for his consistent performance and extensive experience, he has trained numerous successful students worldwide. Adetola frequently publishes articles, educational videos, and live market reviews to help others navigate the complexities of financial markets.
Updated as of: March 4, 2025