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Justforex Review 2021

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Justforex Main Features
️🗺
Supported Languages
English, Chinese, Indonesian, Malaysian
💰
Products
Crypto, Currencies, Commodities, CFDs, Indices, Stocks, Futures
️💵
Min Deposit
$1
🖥
Trading Desk Type
ECN, No dealing desk, STP
📊
Trading platforms
MT4
💳
Deposit Options
Wire Transfer, Credit Card, PayPal, Skrill, Neteller, QIWI
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Justforex Full Review

Justforex is a trading name of JF Global Limited and offers 7 different types of trading accounts allowing users to trade on a wide variety of asset classes – depending on account type – covering Forex ECN, Stocks, Commodities, Indices and Bonds. The broker also offers the MetaTrader 4 and MetaTrader 5 trading platform for PC and mobile trading app, along with a range of bonuses and promotions.

Justforex was founded in 2012 and is a brand name of JF Global Limited which is a registered company in St. Vincent and the Grenadines. The broker offers 7 different types of trading accounts ranging from commission-free to commission-based accounts, Islamic swap-free accounts and even ECN trading accounts.

While the broker offers more than 150+ asset classes to trade on, covering Forex ECN, Stocks, Indices, Commodities and Bonds, access to certain markets depends on the account type opened. Justforex provides users with the globally-recognised MetaTrader 4 and MetaTrader 5 trading platform for PC, as well as the MetaTrader mobile trading app for Android and iOS users.

Users also have access to a wide range of market analysis articles and education articles. The broker also promotes social trading services and a range of different bonus and promotional offers.

Pros: Cons:
  • Commission-free trading accounts.
  • Wide range of asset classes.
  • Up to 1:3000 leverage.
  • Forex ECN trading available.
  • Offshore regulation.
  • No MetaTrader MAC version.

 

About the Author

Jitan Solanki
Author
Jitan is a currency trader and an accredited Market Technician with more than 15 years of experience working with fund managers and on several proprietary trading floors. He is regularly quoted in the financial media for his currency market insights and forecasts and is based in London.
Read More

Review sections


Justforex Video Review

Investor Protection & Regulations

Justforex advertises segregated accounts, negative balance protection and a multi-layered server system.

Justforex is a brand name of JF Global Limited which is a registered company in St.Vincent and the Grenadines and as such is not regulated. However, the broker advertises the segregation of client funds and a negative balance protection policy among other things, as shown below:

The broker also ensures data security via SSL security encryption and a multilevel system of servers to support uninterrupted trading, as shown below:

The broker does not accept clients from the USA.

Tradable Products

Justforex offers users the ability to trade on more than 150+ instruments covering Forex ECN, Stocks, Indices and Commodities depending on the trading account selected.

Justforex offers users the ability to trade on more than 150+ instruments covering Forex ECN, Stocks, Indices and Commodities depending on the trading account selected.

Below is a list of just some of the available markets for trading:

Forex  Indices Commodities
AUD.CAD Germany 30 XAG.USD
CHF.JPY France 40 XAU.USD
EUR.NZD Stocks US Cocoa Futures
GBP.SGD Apple US Cotton Futures
USD.RUB LVMH Euro Bund Futures

* Details regarding the available assets are taken from the Justforex website and trading platform and are correct at the time of this review.

Trading costs such as spreads, commissions and overnight funding (swap) rates vary depending on the instrument being traded and the account type opened.

Account Opening

Justforex offers 7 different types of trading accounts including Standard, Pro, ECN Zero, Cent, Mini, a demo trading account and Islamic swap-free trading account.

Justforex offers 7 different types of trading accounts including Standard, Pro, ECN Zero, Cent, Mini, a demo trading account and Islamic swap-free trading account, as shown below:

Standard Account

This account is a commission-free trading account with only a $100 minimum deposit, access up to 1:3000 leverage and spreads starting from just 0.1 pips. Users can trade on 57 Forex pairs and 2 metals.

Pro Account

This account is a commission-free trading account with a $500 minimum deposit, access up to 1:3000 leverage and spreads starting from just 0.1 pips. Users can trade on 57 Forex pairs, 4 metals, 11 indices, 2 energies, 65 shares and 25 futures instruments.

ECN Zero Account

This account is a commission-based trading account with a $500 minimum deposit, access up to 1:500 leverage and spreads starting from 0 pips. Users can trade 84 Forex pairs and 2 metals with this account.

Cent Account

This account is commission-free with no minimum deposit, leverage of up to 1:1000 and spreads starting from 0.3 pips. Users can access 34 Forex pairs with this account.

Mini Account

This account is also commission-free with no minimum deposit, leverage of up to 1:3000 and spreads starting from 0.3 pips. Users can access 34 Forex pairs and 2 metals with this account.

The broker also offers a demo trading account and Islamic swap-free account.

To open any trading account users simply need to click on the Registration, or Open Account button. This will open the following registration form:

Once you have your Back Office details, you can login to then create your Demo and Live account details. These can then be used to access the demo or live trading accounts on the MT4 desktop, mobile and web-based platforms.

Justforex is also compliant with protocols that verify account holder information as well as payment protocols. To this end, users must pass Know Your Customer or KYC verification processes and must also have approved payment methods which can be verified.

Deposit & Withdrawals options

Justforex offers a wide variety of payment methods to enable clients to conduct deposits and withdrawals seamlessly, these include credit/debit cards, bank wire and a variety of e-wallets.

Justforex offers a wide variety of payment methods to enable clients to conduct deposits and withdrawals seamlessly, these include credit/debit cards, bank wire and a variety of e-wallets including Fasapay, Neteller, Alipay, Sticpay, Bitwallet and more.

Deposits are fee-free and instant but are subject to minimums as shown below:

Withdrawals can take between 1-2 hours with a range of different fees depending on the method, as shown below:

Web & Desktop Trading Platforms

Justforex offers users the ability to trade on the MetaTrader 4 and MetaTrader 5 platform for PC and the MetaTrader 4 Web Trader platform.

Justforex offers users the ability to trade on the MetaTrader 4 and MetaTrader 5 platform for PC and the MetaTrader 4 Web Trader platform.

MetaTrader 4 for PC

Users can trade on the globally-recognised MetaTrader 4 for PC. This comes with several benefits and advantages as shown below:

MetaTrader 4 Web Trader

The MetaTrader 4 Web Trader platform provided by Justforex allows users to access to unique advantages, such as:

MetaTrader 5 for PC

Here are some of the main advantages of trading with the MetaTrader 5 for PC platform:

Mobile Trading Platforms

You can download iOS and Android versions of the MT4 platform from inside the back office and use the apps for trading and managing your account as well as staying on top of the latest market movements.

You can also download the iOS and Android versions of the Justforex MT4 platform from the Back Office. Clicking the appropriate link takes you to the relevant app store, where the download can be completed.

Here’s what you get with the MT4 mobile apps:

  • Fully interactive charts which allow a switch between line, bar and candlestick charts.
  • Trade with as many as 9 timeframes.
  • You have access to a complete trade order suite.
  • Multi-window chart display.
  • You can still use the same technical indicators found in the desktop version.
  • Financial news is also provided for free.

Trading Features

Justforex offers a forex VPS service, market overview, trade forecasts and technical analysis section. They also offer social trading services through the MetaTrader trading platform.

With Justforex, users can access the following features:

  • A functional news bar in the trading platform to trade the news.

Users can also trade with expert advisors, use any of the 30 native indicators and various tools such as the Line tool, Channel tool, Fibonacci and Gann tools, etc.

Additional features of the trading suite of Justforex include the following:

  • A forex VPS service, which comes from Vultr.com. This service is recommended by the Justforex team and features latency of less than 1ms. VPS services mean faster trade execution and less downtime on this virtual private server. It also means better security and the ability to run automated trades 24/7 without compromising trading execution time and slippage.
  • A social trading network which is based on the MT5 platform. Justforex traders can simply join the network, select the traders whose trades they want to follow, and potentially earn from Forex trading in a passive manner.
  • Commissions & Spreads

    Trading costs with Justforex vary depending on the market being traded and the account type opened. Some accounts offer commission-free trading and some offer commission-based trading.

    Trading costs with Justforex vary depending on the market being traded and the account type opened. Some accounts offer commission-free trading and some offer commission-based trading. However, the Standard, Pro, Cent and Mini account offer commission-free trading while the ECN Zero account is commission-based (however, the commission amount is not listed on the website).

    Spreads and swaps vary depending on the market being traded and the type of account opened but more details can be found on the broker’s website, as shown below:

    Standard Account

    ECN Zero Account

    More details can be found on the broker’s website or in the MetaTrader platform.

    Bonus & Promotions

    The broker currently offers a range of bonus and promotion offers. However, these could change over time.

    At the time of writing, the broker does offer some bonus and promotional offers but these could change over time.

    Lunar New Year Trading Contest

    115% Deposit Bonus

    More details regarding the Justforex bonus and promotion offers can be found on the broker’s website.

    Customer Support

    Customer support is offered in English, Indonesian, Malaysian and Chinese 24 hours a day, 7 days a week through Live Chat, Phone, Email and messenger apps such as Telegram, WhatsApp, Skype and more.

    Customer support is offered in English, Indonesian, Malaysian and Chinese 24 hours a day, 7 days a week through Live Chat, Phone, Email and messenger apps such as Telegram, WhatsApp, Skype and more, as shown below:

    After testing the Live Chat function, the agent responded very quickly and was knowledgeable, as shown below:

    Contact Information:

    • Address Head office: JF Global Limited, Suite 305, Griffith Corporate Centre, P.O Box 1510, Beachmont, Kingston, St. Vincent and the Grenadines.
    • Email:support@justforex.com
    • Phone +44 1418 461237
    • Social Media:
      • https://www.linkedin.com/company/justforex
      • https://twitter.com/justforex
      • https://www.facebook.com/JustforexCom

    Research

    Justforex offers an impressive range of research including Stock Market Analysis, Forex Technical Analysis, Market News, Market Overview, Daily Forecast and an Economic Calendar.

    Justforex offers an impressive range of research including Stock Market Analysis, Forex Technical Analysis, Market News, Market Overview, Daily Forecast and an Economic Calendar, as shown below:

    Each analysis article provides useful, detailed information, as well as trading recommendations, as shown below:

    Trader Education

    Justforex provides a range of Forex articles and educational videos.

    Justforex provides a range of Forex articles and educational videos covering a wide range of topics suitable for both beginner and advanced traders alike. The broker also provides a Forex glossary to help traders with the terminology of the market, as shown below:

    Trading Experience

    Justforex provides a simple trading offering suitable for both beginner and advanced traders. Users can access commission-free trading on a wide range of markets – depending on the type of account opened. Advanced traders can also access commission-based Forex ECN markets.

    From our observations, Justforex provides a simple trading offering suitable for both beginner and advanced traders alike. Users have access to 7 different types of trading accounts with some commission-free and others commission-based, as well as access to a demo trading account and Islamic swap-free accounts.

    Traders also have access to Forex VPS services and social trading via the MetaTrader Signals tab. Both beginner and advanced traders may also enjoy the bonus and promotions that are offered by the broker, as well as the ability to trade on the globally-recognised MetaTrader 4 and MetaTrader 5 trading platform for PC and mobile trading apps.

    Justforex offers 24/7 English customer support which is very useful for all types of traders. The research and education tools are also feature-rich and detailed.

    FAQ

    Is Justforex regulated?

    No.

    Where is Justforex based?

    Justforex is based at JF Global Limited, Suite 305, Griffith Corporate Centre, P.O Box 1510, Beachmont, Kingston, St. Vincent and the Grenadines.

    How does Justforex make money?

    Justforex makes money through spreads, swaps and commissions on certain tradable asset classes.

    How do I deposit in Justforex account?

    Funds can be deposited into a trading account via debit or credit card, bank wire transfer and a variety of e-wallets including Fasapay, Neteller, Alipay, Sticpay, Bitwallet and more.

    What is the min. deposit for Justforex?

    The minimum deposit for Justforex is 1 USD.

    How do I withdraw money from Justforex?

    Withdrawals can be made from Justforex via debit or credit card, bank wire transfer and a variety of e-wallets including Fasapay, Neteller, Alipay, Sticpay, Bitwallet and more.

    What is the max leverage in Justforex?

    The maximum leverage offered by Justforex is 1:3000.

    How do I open an account with Justforex?

    An account can be opened at the click of a button on the Justforex website and can be done in just a few steps.

    Does Justforex use MetaTrader?

    Yes.

    Conclusion

    Justforex offers 7 different types of trading accounts allowing users to trade on a wide variety of asset classes – depending on account type – covering Forex ECN, Stocks, Commodities, Indices and Bonds. The broker also offers the MetaTrader 4 and MetaTrader 5 trading platform for PC and mobile trading app, along with a range of bonuses and promotions interesting to beginner and advanced traders.

    Justforex was founded in 2012 and is a brand name of JF Global Limited which is a registered company in St. Vincent and the Grenadines. The broker advertises the segregation of client funds and a negative balance protection policy. Users can choose from 7 different types of trading accounts ranging from commission-free to commission-based accounts, Islamic swap-free accounts and even ECN trading accounts.

    While the broker offers more than 150+ asset classes to trade on, covering Forex ECN, Stocks, Indices, Commodities and Bonds, access to certain markets depends on the account type opened. Justforex provides users with the globally-recognised MetaTrader 4 and MetaTrader 5 trading platform for PC, as well as the MetaTrader mobile trading app for Android and iOS users.

    Through the MetaTrader platform users have access to social trading services and Forex VPS services. Users also have access to a wide range of market analysis and education articles, as well as videos. Both beginner and advanced traders will enjoy some of the bonus and promotion offers available with the broker, as well as the fee-free deposit methods.

    broker

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    See Justforex Full Information
    Broker General Information
    Trading Features
    Other Details
    Headquarters Country
    Saint Vincent and the Grenadines
    Foundation Year
    2012
    Publicly Traded
    No
    Number Of Employees
    100-200
    Trading Desk Type
    ECN, No dealing desk, STP
    Trading platforms
    MT4
    Restricted Countries
    United States
    Supported Languages
    English, Chinese, Indonesian, Malaysian
    Min Deposit
    $1
    Deposit Options
    Wire Transfer, Credit Card, PayPal, Skrill, Neteller, QIWI
    Withdrawal Options
    Wire Transfer, Credit Card, PayPal, Skrill, Neteller, QIWI
    Cryptocurrencies
    Bitcoin Cash, Bitcoin, Litecoin, Ripple, Dash, EOS, Ethereum
    Fixed Spreads
    Yes
    Commission On Trades
    Yes
    Products
    Crypto, Currencies, Commodities, CFDs, Indices, Stocks, Futures
    Mini Account
    Yes
    Premium Account
    Yes
    Demo Account
    Yes
    Islamic Account
    Yes
    Segregated Account
    No
    Managed Account
    Yes
    Institutional Account
    No
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