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JustMarkets Review 2024

By:
Vladimir Zernov
Updated: Nov 28, 2023
Overall Rating
4.3
  • Trust
    4
  • Fees
    4
  • Platforms and Tools
    4.5
  • Tradable Instruments
    4
  • Customer Support
    4.8
  • Research
    3.4
  • Deposit and Withdrawal
    5
  • Account Types and Terms
    4.9
  • Education
    3.6
  • How Did We Test and Rate This Broker?
    When trading forex and CFDs, understanding a broker's strengths and weaknesses is essential. We developed a proprietary rating system, which is the result of extensive research and hands-on evaluation by our expert reviewers. With a rigorous approach, our reviewers manually assess each broker, investing more than 50 hours per review, checking and testing the broker while analyzing over 250 variables to simplify the broker selection process for you. The categories we evaluate include trustworthiness, trading platforms, customer support, regulatory oversight, spreads, fees, the variety of instruments offered, education, and research tools. This unique rating system is specifically developed to ensure that the assessment is based on firsthand knowledge and experience. By dedicating a significant amount of time to each review, our team of experts can provide in-depth insights and help you make well-informed decisions when choosing the broker that best suits your trading goals.
    Chart

    Our Take on JustMarkets

    Founded in 2012, JustMarkets is a multi-asset online CFD broker headquartered in Limassol, Cyprus. The broker specializes in trading forex pairs, commodities, indices, stocks, and cryptocurrencies.

    Operating through four entities — Just Global Markets Ltd (FSA), JustMarkets Ltd (CySEC), Just Global Markets (PTY) Ltd (FSCA), and Just Global Markets (MU) Limited — JustMarkets offers a comprehensive suite of services.

    The broker offers a solid performance across all categories and sets itself apart with its diverse range of base currencies and multiple deposit and withdrawal options.

    Recommended in 6 best broker guides: 
    Low Swaps | MetaTrader Crypto | MT4 | Social Trading | Trading Apps | Islamic Account

    JustMarkets Pros and Cons

    Pros Cons
    • Solid selection of account types.
    • 11 account base currencies.
    • Multiple deposit and withdrawal options.
    • Competitive spreads.
    • Reliable customer support.
    • Limited research and educational support.

    JustMarkets Highlights for 2024

    • Highly regulated. The broker has entities regulated by FSA, FSCA, CySEC, and FSC. The entities provide negative balance protection and hold clients’ funds in segregated accounts. The CySEC entity provides access to the Investor Compensation Fund.
    • Competitive fees. JustMarkets offers attractive fees at its Pro Account compared to the industry average.
    • Popular platforms. The broker supports the globally renowned MetaTrader 4 and MetaTrader 5 platforms. It also offers copy trading features and an additional risk management tool: price gap protection.
    • Choice of markets. The broker provides a well-rounded array of tradable instruments, although the total number of instruments available is modest.
    • Variety of deposits and withdrawals. Clients of JustMarkets have access to a diverse range of deposit and withdrawal options, available in multiple currencies, including cryptocurrencies.
    • Selection of accounts. The broker offers a choice between spread-based and commission-based accounts.
    • Reliable support. JustMarkets’ support team provides quick and professional answers. In addition, the broker has developed a chatbot that answers common questions.
    • Limited education and research. The broker offers only basic support in these areas.

    Who is JustMarkets For?

    JustMarkets features a minimum deposit of $10, ideal for beginners embarking on their trading journey. Additionally, it offers a Cent Account designed specifically for novice traders, along with reliable 24/7 customer support and copy trading features. Advanced traders will benefit from attractive spreads with the Pro Account, access to both MT4 and MT5 trading platforms, and a variety of deposit and withdrawal options.

    What Sets JustMarkets Apart?

    JustMarkets provides a generally strong offering for various types of traders. Exceptionally, the broker features as many as 11 base account currencies, eliminating the need for traders to pay conversion fees. Coupled with multiple deposit and withdrawal options, this makes JustMarkets a convenient choice for clients from various parts of the world.

    We performed our tests with a Pro Account, using the MT5 desktop and mobile platform, opened with Just Global Markets Ltd, which is regulated by FSA Seychelles. Some features and services may vary depending on where you reside.

    JustMarkets Main Features

    ☑️ RegulationsFSA (Seychelles), CySEC (Cyprus), FSCA (South Africa), FSCM (Mauritius)
    🗺 Supported Languages
    English, Indonesian, Portuguese, Spanish, Malaysian
    💰 ProductsCurrencies, Stocks, Crypto, Indices, Commodities
    💵 Min Deposit$10
    💹 Max Leverage1:3000 (FSA), 1:30 (CySEC ), 1:500 (FSCA), 1:3000 (FSCM)
    🖥 Trading Desk TypeSTP
    📊 Trading PlatformsMT5, MT4
    💳 Deposit OptionsWire Transfer, Local Deposit, Local Transfer, Cryptocurrencies, Neteller, FasaPay, Skrill, Credit Card, Boleto, PerfectMoney, Other Payment Providers, Visa, Mastercard, SticPay, PayRetailers
    💳 Withdrawal OptionsWire Transfer, Local Deposit, Local Transfer, Cryptocurrencies, Neteller, FasaPay, Skrill, Credit Card, PerfectMoney, Other Payment Providers, PayPal, Visa, Mastercard, SticPay, PayRetailers
    🤴 Demo AccountYes
    🗓 Foundation Year2012
    🌎 Headquarters CountryCyprus
    Risk DisclosureCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

    JustMarkets Full Review

    Trust

    4
    How Did We Test the Broker's Trustworthiness?
    Assessing a broker's trustworthiness with your funds is vital. To help you make the right decision, we carefully checked each broker's regulatory license and examined how well they protect traders. Moreover, we looked at the broker's stability by studying their business history, corporate structure, and industry experience. Finally, we thoroughly reviewed all of the broker's legal documentation, including terms, conditions, and fees, and evaluated their transparency based on our analysis. Our hands-on approach ensures that even novice traders have the knowledge they need to make smart decisions.
    trust chart

    Incorporated in 2012, JustMarkets boasts a track record exceeding 11 years in the financial markets. The broker has four entities, which are regulated by FSA Seychelles, CySEC, FSCA and FSC Mauritius. JustMarkets ensures that clients’ funds are held in segregated accounts and provides negative balance protection.

    JustMarkets Regulations

    In this section, we will delve into the regulatory frameworks governing broker’s various entities and what that means for you as a trader. We employ a rating system for regulators, ranging from 1 to 3, where Tier-1 signifies the pinnacle of trustworthiness.

    JustMarkets operates under four entities:

    JustMarkets regulations

    Why is It Important to Know Where Your Broker Subsidiary Is Regulated?

    Each regulator has its own requirements for brokers, which may differ substantially. Such requirements cover aspects like leverage levels and specific protections for investors. These protections may include negative balance protection, segregated accounts, and investor compensation funds. Traders should understand the differences between regulations to evaluate whether the broker suits their needs.

    JustMarkets offers standard protections – segregated accounts and negative balance protection. The segregation of clients’ funds ensures that clients’ money is not used for the broker’s own business purposes. Negative balance protection safeguards clients from losing more money than they have in their accounts. These protections are available at all four entities of the broker.

    Clients of JustMarkets Ltd, which is regulated by CySEC, would also have access to the protection of the Investor Compensation Fund, which provides compensation of up to 20,000 euro in case of a broker’s bankruptcy.

    I have summarized key aspects of the brokers’ entities in terms of regulation and safety in the table below:

    Entity Just Global Markets Ltd JustMarkets Ltd Just Global Markets (PTY) Ltd Just Global Markets (MU) Limited
    Country/Region Seychelles Cyprus South Africa Mauritius
    Regulation FSA CySEC FSCA FSC
    Tier Level Tier-3 Tier-1 Tier-2 Tier-3
    Segregated Funds Yes Yes Yes Yes
    Negative Balance Protection Yes Yes Yes Yes
    Compensation Scheme No Up to 20,000 euro No No
    Standard Leverage Up to 1:3000 Up to 1:30 Up to 1:3000 Up to 1:3000

    Is JustMarkets Safe to Trade With?

    JustMarkets has four entities that are regulated by Tier-1, Tier-2, and Tier-3 regulators. All entities hold clients’ funds separately from the firms’ funds and provide negative balance protection. Segregated accounts ensure that clients’ funds are separate from the broker’s operational finances. Negative balance protection minimizes the risk of traders incurring debt beyond their account balance. The CySEC-regulated entity also provides access to an Investor Compensation Funds, which covers funds of up to 20,000 euro in case of broker’s bankruptcy.

    Stability and Transparency

    In my tests for the Trust category, I also cover factors relating to stability and transparency. Here, I focused on how long the broker has been in business, the size of the company, and the transparency in terms of information being readily available.

    JustMarkets has been in business for over 11 years. My research showed that the company is not publicly traded and does not operate a bank. Clients can find the important documents on a dedicated section of the company’s website. These documents include Client Agreement, Introducing Broker Agreement, Anti Money Laundering Policy, Privacy Policy and Refund Policy, Complaint Procedure for Clients, Risk Disclosure, and Copytrading Terms and Conditions.

    JustMarkets’ clients can find the regulatory details and check the broker’s regulations via links to regulators’ websites. The details about JustMarkets’ efforts to protect clients’ funds are available on a separate section of the website. The Account Types page contains the details of the broker’s account offering.

    In summary, my research indicated that JustMarkets can be regarded as having a reasonable level of trust and stability due to the following factors:

    • The broker has been in business for more than 11 years.
    • Its entities provide negative balance protection and offer segregated accounts.
    • The CySEC-regulated entity provides access to an Investor Compensation Fund.
    • The broker provides easy access to important information on the company’s website.

    Fees

    4
    How Did We Test the Broker's Fees and Commissions?
    Broker commissions and fees can be challenging to understand. To simplify this for you, we carefully examined all the broker's fee-related documentation and presented it in a clear, easy-to-understand format. Furthermore, we conducted hands-on tests on spreads and commissions for the most common instruments during both London and New York trading sessions. We then compared these real-time test results to the market benchmark we've established through our extensive experience evaluating the industry.
    fees chart

    JustMarkets offers attractive trading fees. My tests showed that JustMarkets spreads for the Pro Account were mostly lower than the industry average, although the swap fees tend to be somewhat higher.

    Forex spreads at JustMarkets

    JustMarkets Trading Fees

    For this review, I tested JustMarkets Pro Account, where the broker charges spreads and swap/rollover fees and does not charge commissions. JustMarkets also offers a commission-based account.

    JustMarkets Spreads

    I tested the spreads on the JustMarkets Pro Account during the London open at 8:00 a.m. UK time and just after the US open at 2:45 p.m. UK time. These are the most actively traded times.

    I summarized my findings in the table below:

    Instrument Live spread AM Live spread PM
    EURUSD 0.8 0.9
    GBPJPY 2.0 2.1
    Gold (XAUUSD) 20 19
    WTI Oil 0.05 0.05
    DAX 2 2
    Dow Jones 7.6 7.6
    Apple n/a 0.09
    Tesla n/a 0.15
    BTC 23.76 27.65

    My tests indicated that JustMarkets features low spreads for EUR/USD, Gold, Apple, and Tesla. The spreads for WTI Oil, DAX, and BTC fell within a medium range, while those for Dow Jones were high.

    Swap Fees

    Instrument Swap Long Swap Short
    EUR/USD -7.03 0
    GBP/JPY 0 -36.92

    My tests showed that the swap rates for EUR/USD were moderate, while those for GBP/JPY were high.

    Non-Trading Fees

    JustMarkets does not impose inactivity fees, which means that accounts can be dormant for a period of more than 6 months without incurring any additional charges. The broker also refrains from imposing any other non-trading fees.

    Are JustMarkets Trading Fees Good?

    My research revealed that JustMarkets offers competitive fees for EUR/USD, Gold, Apple, and Tesla. During my tests, the spreads for WTI Oil, DAX, and BTC fell within a medium range. However, the spread for Dow Jones exceeded the industry average. The broker also refrains from imposing any non-trading fees.

    Platforms and Tools

    4.5
    How Did We Test the Broker's Trading Platforms?
    We understand that platforms play a crucial role in your trading experience. That's why we spent many hours testing the broker's web, desktop, and mobile trading platforms to gain a real understanding of their usability, functionality, and overall performance. From experimenting with different order types to testing execution speeds, charting, and other features, we thoroughly examined every aspect of these platforms based on our trading expertise, helping you make an informed choice.
    platforms chart

    JustMarkets provides access to the popular MetaTrader 4 and MetaTrader 5 platforms, catering to both novice and experienced traders. The broker also provides a copy trading service on MT4.

    MetaTrader is popular among brokers because of its extensive range of technical analysis tools and support of algorithmic trading. Many traders are already familiar with either MetaTrader 4 or 5, so they don’t have to spend time learning the features of the platform.

    JustMarkets Desktop and Web Platforms

    In this review, I tested the MetaTrader 5 platform, examining its charts, indicators, drawing tools, order functionality, and overall ease of use.

    MetaTrader 5

    General Ease of Use

    MT5 is an advanced trading platform that could be tailored to traders’ needs. Its interface is rather intuitive, although some traders may want to search for tutorials to take a deep dive into MT5’s capabilities. In general, advanced traders would have no problems with MT5, while beginners may need to spend some time learning the fundamental features of the platform.

    For beginner traders, it’s beneficial to familiarize yourselves with various chart options, indicators, drawing tools, and order types. You may need to learn how to create watchlists and manage your trading positions. Despite the initial time and effort required, traders who invest in this learning, ultimately gain a powerful tool that helps achieve better trading results. While the general look of the MetaTrader 5 platform may seem a bit outdated, I find the platform fairly intuitive and easy to learn. However, for novice traders who have never had experience with this platform, it may initially appear overwhelming. JustMarkets provides the standard MT5 offering, so those who have previously used the platform with other brokers will be ready to trade in a couple of minutes.

    Charts

    MT5 offers 97 indicators and 21 timeframes, which is more than enough to customize your charts and adjust them to your needs.

    Trend indicators, oscillators, volumes, Bill Williams indicators, and custom indicators help to design the chart you need.

    Available timeframes range from 1 minute to 1 month, providing traders with an opportunity to observe short-term developments, as well as significant multi-month trends.

    MT5 also supports:

    • lines
    • channels
    • Gann tools
    • Fibonacci tools
    • Elliott tools
    • shapes

    These tools are commonly used for decision-making in trading, so their inclusion is a must for any reputable trading platform.

    Each chart can be displayed as a bar, a candlestick, or a line. Candlesticks are generally the most popular among traders as they suggest plenty of various patterns that are used for making trading decisions. That said, other chart types also have their advocates.

    MT5 charts are accessible even to novice traders. Nevertheless, they also offer enough options for experts.

    Like most traders, I have my favorite indicators and drawing tools, which include RSI, moving averages, and channels. I prefer using candlestick charts for the insights they offer through candlestick patterns. I find it easy to use and combine various indicators in MT5.

    Orders

    MT5 offers all main order types including:

    • Market orders. This type of order allows you to buy or sell the instrument at the current market price. It is used when the trader needs to establish a position in the fastest possible way. The main downside of a market order is the necessity to pay a spread, which is the difference between the bid price and the ask price
    • Limit orders. This order is used to buy or sell the instrument at a pre-set price or better. Limit orders are suitable when the trader wants to get a specific entry point and is unwilling to pay the current market prices.
    • Stop-loss orders. These orders are used to get you out of the position when the price is moving in the wrong way. The order is triggered when the price reaches a specified point.
    • Stop limit orders. This is a stop-loss order which puts a limit order instead of a market order, when triggered. This is a potentially risky way to close a position, and it should be used only by experienced traders.
    • Trailing stop orders. This order allows you to set a stop order that will move if your open position trends favorably. It is used to protect your profits in case the market direction changes.

    Different expiration types are available for all pending orders, including GTC (good-till-cancel), Today, Specified, and Specified Day.

    Personally, I strongly prefer limit orders and use them for both entry and exit points. These orders are highly effective in risk management, particularly during significant market movements when market orders can result in prices that deviate greatly from your expectations.

    Copy Trading Service

    Traders with either a Standard or Pro MT4 account have access to a copy trading service. This service benefits two types of participants: traders who share their strategies and earn when others replicate their trades, and investors who can amplify their gains by copying the trades of successful traders.

    Price Gap Protection

    JustMarkets offers price gap protection, which is used to limit slippage for pending orders. This feature is available for Standard Cent, Standard, Pro, and Raw Spread accounts. The price gap refers to the difference between the requested price of a pending order and the first available market price following a gap. This feature is not standard among brokers, providing extra protection during significant market movements. Traders are advised to consult the FAQ section on the broker’s website for specific price gap values across different instruments.

    My Key Takeaways After Testing JustMarkets on MetaTrader 5 Desktop Platform

    I spent over a week testing the JustMarkets’ MT5 platform. MetaTrader 5 is an established platform, and I have been using it for years. While some could consider the platform’s design outdated, its functionalities are powerful and user-friendly once you get the hang of the navigation menus. While some brokers opt for in-house platforms designed with a beginner-friendly interface, I find that dedicating a bit of time to mastering MT5 is well worth the effort. The platform offers a range of advanced features such as strategy testing and Expert Advisors, making it an ideal choice for traders looking for a more comprehensive set of tools.

    JustMarkets Mobile App

    In this review, I have tested the JustMarkets MetaTrader 5 Mobile App for Android.

    General Ease of Use

    The MT5 mobile app for Android is quite user-friendly. It provides charts, quotes, account balance info, an economic calendar, news, and other tools designed to help traders make informed decisions. As expected, traders have access to the standard features of the MT5 mobile app. If you’ve previously worked with the MT5 app, you’ll be able to begin trading in a short period of time.

    Charts

    MT5 mobile app offers:

    • 30 technical indicators
    • 24 drawing tools
    • 9 timeframes
    • 3 chart types

    This selection of options is sufficient for mobile-based trading. I prefer using a mobile app when I don’t have access to the desktop platform, but need to monitor the market and open positions. While the app is helpful in certain circumstances, it is not as efficient as the desktop platform, which remains the primary solution for traders who require fast and active trading capabilities.

    Orders

    The MT5 mobile app allows you to place market orders, limit orders, and stop orders. However, trailing stops are not available on mobile trading terminals.

    My Key Takeaways After Testing JustMarkets’ on MT5 Mobile App

    I’ve been using the MT5 mobile app for quite some time and find that it effectively fulfills its purpose — allowing traders to manage their positions while away from their desktops. The design is straightforward, offering only the essential functions. Given the limitations of mobile devices, such as smaller screens and the absence of a keyboard, it’s unreasonable to expect the app to deliver the full capabilities of a desktop trading platform.

    Tradable Instruments

    4
    How Did We Test the Broker's Tradable Instruments?
    For this section, we examined the broker's market offering, assessing the variety and depth of instruments and asset classes available for trading. Through our proprietary database, we then compared the results with other brokers. This comprehensive analysis allows you to determine if the broker offers the specific instruments and trading options you're looking for.
    tradable_instruments chart

    My research showed that JustMarkets offers a decent selection of tradable instruments across various asset classes. The broker provides a high number of commodities and indices.

    What are CFDs?

    CFDs (Contracts for Differences) are financial instruments that allow traders to bet on securities without owning the underlying assets. The key advantage of CFDs is the access to significant leverage, which is typically not available when trading other instruments. In this light, CFDs are very popular in short-term trading.

    What Can You Trade with JustMarkets?

    • 61 forex pairs.
      • The list includes major pairs and exotic options.
    • 12 commodities.
      • WTI Oil, Natural Gas, Gold, Silver and other popular commodities are included in the list.
    • 165 stocks.
      • Traders have access to popular stocks from the EU and US.
    • 13 indices.
      • The list includes popular names like Dow Jones and DAX.
    • 14 cryptocurrencies.
      • Bitcoin, Ethereum, Dogecoin and other popular cryptos are available for trading.
    Forex Shares
    EUR/USD | GBP/JPY | USD/CAD Apple| Tesla| Deutsche Bank
    Indices Cryptocurrencies
    Dow Jones | Nikkei 225| FTSE 100 Bitcoin | Ethereum| Dogecoin
    Commodities
    Gold| Silver| WTI Oil

    JustMarkets offers access to forex pairs, indices, commodities, stocks, and cryptocurrencies. Its forex selection is in line with industry standards, while the range of available commodities and indices is notably extensive.

    The broker features a moderate selection of stocks, but the portfolio is well-diversified between U.S. and EU markets. The cryptocurrency offerings, which include the most popular names, is also average for the industry.

    My Key Takeaways After Exploring JustMarkets’ Tradable Instruments

    I spent over a week exploring the instrument selection and concluded that Just Markets provides a well-rounded offering. If you are searching for the most popular names in various asset classes like forex, commodities, indices, stocks, or crypto, you will find them on the platform. The selection more than meets the needs of beginner traders and is generally suitable for advanced traders as well. However, specialists in stocks and crypto might desire a broader array of instruments.

    Customer Support

    4.8
    How Did We Test the Broker's Customer Support?
    Traders often underestimate the importance of customer support, yet it proves to be a critical aspect during times of crisis. We put the broker's customer support to the test ourselves using all possible channels, such as chat, phone, and others. Our evaluation focused on the accessibility of live agents, as well as the helpfulness and professionalism of their responses. This way, we provide you with comprehensive insights into whether a broker can deliver full support when you need it most.
    customer_support chart

    JustMarkets provides 24/7 customer support via online chat, phone, and email. Users should navigate the chatbot in the online chat before they could reach a human agent.

    Chatbot at JustMarkets
    Human support agent at JustMarkets

    JustMarkets Customer Support Test

    JustMarkets provides customer support which is available 24/7 via online chat, email, and phone. During my tests, I posed various questions to the chatbot and customer support team through live chat. I asked various questions about VPS, deposit and withdrawal methods, account types, and other things that are important for every client.

    I’d note that the chatbot is thoroughly constructed so that it provides answers to the common questions. However, it’s notably challenging to get through to a human agent. Standard requests like “I want a human agent” don’t yield results. I eventually discovered that responding with “No” to the query “Was this information helpful?” triggers an option to connect with a human representative. But once connected, the agent responded promptly and provided professional answers to my questions.

    Deposit and Withdrawal

    5
    How Did We Test the Broker's Deposit and Withdrawal Process?
    The deposit or withdrawal process can be tricky since you may encounter hidden fees or longer than expected processing time. To assess the broker's offerings, we examined their deposit and withdrawal options and conditions. Using our proprietary database, we then compared these results with those of other brokers.
    deposit chart

    JustMarkets provides a high number of deposit and withdrawal options, including credit cards, e-wallets, local bank transfers, and cryptocurrencies. The deposit and withdrawal methods are available in multiple currencies, which is important for international clients.

    Withdrawal options at JustMarkets

    JustMarkets Deposits

    Deposit Method Base Currencies Fees Processing Time
    Visa/Mastercard EUR, USD No Within 30 minutes
    Skrill EUR, USD No Within 30 minutes
    Neteller EUR, USD, GBP, ZAR, CNY, MYR, JPY, AED, AUD, BRL, CAD, CHF, COP, INR, KRW, MXN, NGN, RUB, SGD, TWD No Within 5 minutes
    Perfect Money EUR, USD No Within 5 minutes
    SticPay EUR, USD, JPY, KRW, CNY, PHP, AED, AUD, CAD, CHF, CLP, GBP, HKD, IDR, INR, MXN, MYR, NZD, RUB, SGD, THB, NVD No Within 5 minutes
    Airtm USD No Within 30 minutes
    Crypto BTC, BCH, ETH, USDC, USDT, BUSD, BNB, DOGE, LTC, XRP No Within 30 minutes
    Local Banks MYR, IDR, THB, VND, PHP, NGN, ZAR No Within 30 minutes
    PromptPay THB No Within 30 minutes
    African Mobile Money UGX, KES, RWF, GHS, XAF, TZS No Within 30 minutes
    Pay Retailers USD No Up to 1 bank day
    Boleto BRL No Up to 1 bank day
    Momo VND No Within 30 minutes
    FasaPay USD, INR No Within 30 minutes

    JustMarkets’ clients can fund their account via credit cards, range of e-wallets, local bank transfers, and crypto. Deposits are available in multiple currencies, and the broker provides a high number of local options. The minimum deposit level is determined by the deposit method but does not exceed $50.

    JustMarkets Withdrawals

    Withdrawal Method Base Currencies Fees Processing Time
    Visa/Mastercard EUR, USD No 1-2 hours
    Skrill EUR, USD No 1-2 hours
    Neteller EUR, USD, GBP, ZAR, CNY, MYR, JPY, AED, AUD, BRL, CAD, CHF, COP, INR, KRW, MXN, NGN, RUB, SGD, TWD No 1-2 hours
    Perfect Money EUR, USD No 1-2 hours
    SticPay EUR, USD, JPY, KRW, CNY, PHP, AED, AUD, CAD, CHF, CLP, GBP, HKD, IDR, INR, MXN, MYR, NZD, RUB, SGD, THB, NVD No 1-2 hours
    Airtm USD No 1-2 hours
    Crypto BTC, BCH, ETH, USDC, USDT, BUSD, BNB, DOGE, LTC, XRP No 1-3 hours
    Local banks MYR, IDR, THB, VND, PHP, NGN, ZAR No Within 1 bank day
    African Mobile Money UGX, KES, RWF, GHS, XAF, TZS No Within 24 hours
    Pay Retailers MXN, CLP No Within 1 bank day
    FasaPay IDR, USD No 1-3 hours

    JustMarkets provides a wide range of withdrawal options. The minimum amount depends on the withdrawal method but starts from $5.

    Account Types and Terms

    4.9
    How Did We Test the Broker's Account Types and Terms?
    When it comes to achieving your trading goals, choosing the proper account is essential. We initiated our evaluation by personally opening an account with the broker, which allowed us to gain firsthand experience of the process and accurately asses, how fast and easy it is. In addition, we carried out an in-depth analysis of the account types and features offered by the broker, including spreads, maximum leverage, minimum deposits, and more. For a comprehensive comparison, we turned to our proprietary database and examined how this broker's account offerings and processes stacked up against other brokers.
    account chart

    JustMarkets provides four types of accounts accessible through two trading platforms. These accounts come in both spread-based and commission-based formats and are available in 11 base currencies. Additionally, swap-free Islamic Account options are offered for all account types.

    The broker has two groups of accounts that are available with either MetaTrader 4 or MetaTrader 5 platforms.

    • MT4 accounts include Standard Cent, Standard, Pro, and Raw Spread accounts.
    • MT5 accounts include Standard, Pro, and Raw Spread.

    Leverage options depend on the regulatory entity you’ve registered with. Clients, opening accounts with the CySEC-regulated entity, are limited to the leverage of 1:30, whereas those registered with other entities can access leverage of up to 1:3000.

    • The Standard Cent account, which is available exclusively on MetaTrader 4, provides an opportunity to start trading with a limited amount of money on the deposit to test the broker’s services.
    • The Standard and Pro accounts operate on a spread-based fee structure, while the Raw Spread account is commission-based.

    Traders should note that JustMarkets offers swap-free accounts for both Muslim and non-Muslim clients. The broker offers two levels of swap-free status: Extended Swap-free and Standard Swap-free. Non-Muslim users are granted the Extended Swap-free level by default, which means that swaps are not charged on a range of instruments including Forex majors, Forex minors, Forex exotics, digital assets, indices, stocks, and XAU/USD. On the other hand, the Standard Swap-free level has swap charges determined by each instrument’s specifications. To qualify for the Extended Swap-free level, traders need to maintain a specific level of trading activity, which is assessed by an algorithm analyzing trading behavior.

    Why is Choosing the Right Account Type Important?

    The account you choose must suit your needs. The main features to consider when looking for the best-fit account are base currency options, contract size, commission, fees, the number of pending orders/positions, and the minimum deposit requirement.

    What Account Types does JustMarkets Offer?

    Feature Standard Cent (MT4 only) Standard Pro Raw Spread

    Commission

    (excluding equities)

    No No No 3 units of the base currency per lot/side
    Spread From 0.3 From 0.3 From 0.1 From 0.0
    Minimum Deposit $10 $10 $100 $100
    Leverage Up to 1:3000 Up to 1:3000 Up to 1:3000 Up to 1:3000
    Islamic Account Yes Yes Yes Yes
    Demo Account Yes Yes Yes Yes

    JustMarkets’ clients can choose between USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, and ZAR as base currencies for their accounts. Islamic Account options are available for all account types.

    What is CFD leverage?

    CFD Leverage allows you to avoid paying the full value of the position. Instead, you pay a deposit, which is called margin, while the remaining funds are borrowed.

    Top-tier regulators like the FCA, CFTC, and ASIC, impose leverage restrictions as a risk-mitigation measure aimed at protecting retail traders from excessive losses. High leverage has the potential to magnify both gains and losses, a fact often underestimated by inexperienced traders. On the other hand, offshore or unregulated brokers tend to offer high leverage to attract traders looking for higher profit potential, but this comes at the expense of increased risk and minimal investor protection.

    In JustMarkets’ case, traders have access to leverage of 1:3000. This is an extremely high level of leverage, so traders should use appropriate risk management techniques.

    Clients who open an account with the CySEC-regulated entity have access to leverage of up to 1:30. This is a modest level of leverage required by top-tier regulators like CySEC.

    JustMarkets Account Opening Process

    Account registration at JustMarkets

    To open an account with JustMarkets, follow these steps:

    • Go to the broker’s website and click “Registration”.
    • Provide your country of residence and email, and choose a password.
    • In your profile, submit your date of birth, citizenship, and mobile phone.
    • Answer questions on your professional status and trading experience.
    • Upload documents for Identity Verification and Address of Residence Verification.

    What is a demo account?

    A demo account is an account that allows you to test the broker’s services and your trading skills without risking your money.

    Please note that your trading experience will differ when you use a demo account compared to a real-money account due to human psychology, as traders find themselves under pressure when the real money is at stake.

    It’s a good idea to use the demo account for practicing and learning the trading platform, but do not spend too much time on the demo.

    JustMarkets provides demo accounts, so traders have the opportunity to test the broker’s services without risking real money.

    Research

    3.4
    How Did We Test the Broker's Research Tools?
    Research options offered by brokers may not be seen as the most important feature for some traders, but they can provide a competitive advantage. To assess the broker's research offerings, we personally explored and tested both proprietary and third-party tools and content, such as Fundamental and Technical Analysis, Market News, educational videos, and webinars. After evaluating the availability and quality of the overall research offering, we compared the results with our benchmark to provide a comprehensive analysis of the broker's research capabilities.
    research chart

    JustMarkets’ research support is limited to several articles covering the main events of the day and the key technical levels for popular instruments.

    JustMarkets publishes a Market Overview discussing the key events of the day. While the coverage is professionally executed, in my opinion, it’s somewhat dry and may be challenging for beginners to digest.

    A similar sentiment applies to the Forex Market Daily Forecast, which addresses crucial technical levels and impactful news events affecting currency markets.

    The Market News feed has not been updated since 2020 but is still displayed on the broker’s website.

    Additionally, traders have access to an Economic Calendar, which is a fairly standard feature among brokers.

    Economic calendar at JustMarkets

    Key Takeaways After Testing Research Tools

    I’ve been following the regular research articles for a while now and, although informative, they come across as rather dry. Traders today expect more engaging methods of information delivery. Current trends also lean towards a one-stop-shop for research needs, which should extend beyond daily analytical reviews of major currency pairs. In this context, the research offering falls short of industry standards.

    Education

    3.6
    How Did We Test the Broker's Education Offering?
    Gaining knowledge about trading in the financial markets can make the difference between success and failure. To assess the broker's educational offerings, we personally tested and evaluated the quality of the content provided, considering its relevance for both novice and experienced traders. We explored the range of materials available, such as articles, videos, webinars, and courses. After evaluating the content's volume, update frequency, and overall quality, we compared the results with our benchmark to provide a well-rounded analysis of the broker's education offerings.
    education chart

    JustMarkets offers an extensive array of educational articles. While the broker’s webinars are engaging, they were recorded several years ago.

    Forex articles at JustMarkets

    JustMarkets features numerous educational articles in a dedicated section of its website. While these articles cover a range of topics, they lack structure, requiring traders to sift through them individually to assess their usefulness.

    The broker’s webinars, focused on technical analysis and trading strategies, are dated as they were recorded several years ago.

    Additionally, the Educational Video section contains MetaTrader tutorials. The broker also offers a Forex Glossary.

    The Bottom Line

    JustMarkets operates through four separate entities. Just Global Markets is regulated by FSA Seychelles, a Tier-3 regulator. JustMarkets Ltd falls under the jurisdiction of CySEC, a Tier-1 regulator. The broker also holds FSCA regulation (Tier-2) for its Just Global Markets Ltd entity and FSC Mauritius (Tier-3) for Just Global Markets (MU) Limited. All these entities offer negative balance protection and keep clients’ funds in segregated accounts. Additionally, the CySEC-regulated entity provides access to an Investor Compensation Fund.

    In terms of tradable instruments, JustMarkets delivers a diverse portfolio that includes forex pairs, stocks, commodities, indices, and cryptocurrencies. While the total number of tradable instruments isn’t overwhelming, traders can easily find popular tools across various asset classes.

    When it comes to trading platforms, JustMarkets offers a choice between MetaTrader 4 and MetaTrader 5. My tests revealed that the Pro Account offers spreads that are favorable compared to industry standards. Besides the spread-based Pro Account, JustMarkets also provides Cent and Standard accounts as well as the commission-based Raw Spread Account. Impressively, the broker allows for as many as eleven base currencies for these accounts, a feature that’s somewhat uncommon.

    Traders have access to multiple deposit and withdrawal options, including local options and cryptocurrencies. My tests indicated that the broker’s research and educational support was limited.

    Overall, JustMarkets delivers a well-rounded trading experience, distinguishing itself notably for its competitive spreads and the diverse range of currency options available for accounts, deposits, and withdrawals.

    FAQ

    JustMarkets is based in Cyprus.
    JustMarkets has four entities that are regulated by Tier-1, Tier-2, and Tier-3 regulators.
    JustMarkets charges spreads, commissions, and swap/rollover fees
    JustMarkets is a good option for beginners due to its low minimum deposit of just $10, Cent Account option, and 24/7 customer support.
    Traders can use credit cards, bank transfers, e-wallets, and crypto to deposit money into a JustMarkets account.
    The minimum deposit for JustMarkets is $10.
    Traders can use credit cards, bank transfers, e-wallets, and crypto to withdraw money from a JustMarkets account.
    Withdrawals are processed within 1 business day.
    The maximum leverage in JustMarkets is 1:3000.
    To open an account with JustMarkets, visit the broker’s website and click “Registration”.
    JustMarkets offers MetaTrader 4 and MetaTrader 5 platforms.
    Yes, JustMarkets offers a demo account.
    Yes, JustMarkets is suitable for scalping.
    Yes, JustMarkets is suitable for auto-trading.
    Yes, JustMarkets is suitable for hedging.
    No, JustMarkets is not suitable for spread betting.
    No, JustMarkets does not provide VPS.
    No, JustMarkets does not operate a bank.

    See JustMarkets Full Information

    Headquarters CountryCyprus
    Foundation Year2012
    RegulationsFSA (Seychelles), CySEC (Cyprus), FSCA (South Africa), FSCM (Mauritius)
    Publicly TradedNo
    Number Of Employees100
    Trading Desk TypeSTP
    Trading PlatformsMT5, MT4
    Restricted Countries
    Belarus, Canada, France, North Korea, Iran, European Union, United States, Australia, United Kingdom, Belgium, Russian Federation, Syria, Ukraine, Japan, South Sudan, Sudan, Austria, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Iceland, Liechtenstein, Norway, Afghanistan, Bosnia and Herzegovina, Burundi, Central African Republic, China, Democratic Republic of the Congo, Guinea-Bissau, Guinea, Haiti, Lebanon, Libya, Mali, Moldova, Montenegro, Myanmar, Nicaragua, Serbia, Somalia, Tunisia, Turkey, Venezuela, Yemen, Zimbabwe
    Supported Languages
    English, Indonesian, Portuguese, Spanish, Malaysian
    Min Deposit$10
    Max Leverage1:3000 (FSA), 1:30 (CySEC ), 1:500 (FSCA), 1:3000 (FSCM)
    Deposit OptionsWire Transfer, Local Deposit, Local Transfer, Cryptocurrencies, Neteller, FasaPay, Skrill, Credit Card, Boleto, PerfectMoney, Other Payment Providers, Visa, Mastercard, SticPay, PayRetailers
    Withdrawal OptionsWire Transfer, Local Deposit, Local Transfer, Cryptocurrencies, Neteller, FasaPay, Skrill, Credit Card, PerfectMoney, Other Payment Providers, PayPal, Visa, Mastercard, SticPay, PayRetailers
    Time to Withdrawal1
    Time to Open an Account5
    Crypto
    Ethereum, Dogecoin, Bitcoin, Litecoin, Bitcoin Cash, Ripple, Cardano, Stellar, EOS, Polkadot, Chainlink
    Products
    Currencies, Stocks, Crypto, Indices, Commodities
    Demo AccountYes
    OCO OrdersYes
    Offers HedgingYes
    Automated TradingYes
    API TradingNo
    Guaranteed Stop LossNo
    Guaranteed Limit OrdersNo
    Guaranteed Fills / LiquidityNo
    Economic calendarYes
    Trading From ChartYes
    One-Click TradingYes
    Expert AdvisorYes
    Social TradingYes
    AutochartistNo
    Trading SignalsNo
    Platform Languages
    English, Multi-lingual
    24 Hours SupportYes
    Support During WeekendsYes
    Live ChatYes
    Daily Market CommentaryYes
    News (Top-Tier Sources)Yes
    WebinarsYes
    Deposit FeeNo
    Withdrawal FeeNo
    Inactivity FeeNo

    About the Author

    Vladimir ZernovBroker Analyst

    In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.

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