“Use the JustForex’s MT4 platforms to acquire a good trading experience at all levels.”
The JustForex MT4 range of platforms provides the perfect introduction to forex trading for beginners and intermediate-level traders. Traders with some experience but without the time to trade can also benefit from subscribing to the social trading service.
Where is JustForex based?
The JustForex brand operates out of Belize and St. Vincent and Grenadines.
How does JustForex make money?
JustForex makes its money from spreads on the Cent, Mini and Standard accounts, and from commissions only on trades done with the crypto and ECN-Zero accounts.
How do I deposit in JustForex account?
You can deposit funds using credit/debit cards (VISA, MasterCard), Skrill, Neteller, FasaPay, China UnionPay, Qiwi Wallet and Perfect Money. Bank wires as well as Bitcoin and Bitcoin Cash round off the transaction options on JustForex.
What is the min. deposit for JustForex?
Minimum deposit is $0 for Cent, Crypto and Mini accounts, $500 for ECN-Zero accounts and $100 for the Standard account.
What is the max leverage in JustForex?
Maximum leverage is up to 1:3000 on JustForex Ltd. JustForex is not located in Europe or the UK, so can provide such high leverage without the restrictions recently imposed by ESMA.
Is JustForex regulated?
JustForex is regulated in Belize by the IFSC and in St.Vincent and Grenadines by the Financial Services Authority.
Does JustForex use MetaTrader?
Yes, JustForex offers the MT4 platform for regular trading and the MT5 platform for social trading. Mobile, desktop and browser-based versions of the software are available.
JustForex is not based in Europe. So for traders looking to escape the stringent margin requirements imposed by ESMA in August 2018, brokers like JustForex will offer a viable alternative.
JustForex is regulated, but the IFSC and FSA do not boast of the same regulatory prowess as CySEC, CFTC or the FCA. This is a factor that may cause some concern for traders. Additionally, the lack of an investor compensation mechanism patterned after the UK’s Financial Services Compensation Scheme or its Cypriot equivalent is a negative for JustForex. Investor confidence is at the heart of regulated forex trading. JustForex will have to do a considerable amount of work to boost this confidence.
On a positive note, JustForex has stepped up its game as far as provision of action insight to its clients is concerned. With a Market Overview tab, as well as crypto and technical analyses for assets listed on its platform, traders on JustForex will have a source of market information and insight with which to work with.
We look to the year ahead to see whether JustForex can establish itself as an offshore broker for FX trading.