JustForex Review & User Rating 2021
JustForex is a broker that offers forex and CFDs for trading over the internet. The brand is owned by JF Global Ltd which is located in St. Vincent and the Grenadines. Founded in 2012, the broker asserts that it is guided by the virtues of innovation, efficiency, dynamics and integrity.
The JustForex brand is licensed by the FSA which supervises its operations. The broker states that investors’ deposits are safely kept in segregated bank accounts. It has also deployed multiple servers, complex backup systems, and SSL encryption. These are to ensure speed and security of all transactions done on its website and platforms.
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 offers 84 currency pairs, 4 metals, 11 indices, 2 oils, 65 shares and 39 cryptocurrency pairs for trading on its platforms. The assets available to a trader depending on the account type. The following account types are offered:
There is no minimum deposit. The spread starts from 0.3 and the leverage offered is up to 1:3000.
This account is only available in US cent. There is no minimum deposit, leverage is 1:1000 and the spread starts from 0.3.
This account is exclusively available in USD and it is used to trade only crypto pairs. The leverage is up to 1:3 and the minimum deposit is $200. The spread starts from 0 but commissions are charged.
- ECN Zero
This account gives ECN access to JustForex clients. The spread is from 0 while the leverage is up to 1:500. The minimum deposit is $500 and commissions are charged.
Minimum deposit is $500 and the maximum leverage is 1:3000. The spread starts from 0.1.
The spread is from 0.1, leverage is up to 1:3000 and the opening deposit is $100
The ECN Zero and the Pro accounts give access to trade the most number of instruments. JustForex accounts can be opened in 8 base currencies; USD, EUR, MYR, IDR, THB, VND, KWD, and CNY for all accounts except for the ‘cent’ and crypto accounts.
Demo accounts are free and unlimited. On request, the standard, mini and ECN Zero accounts are available as Islamic accounts which are swap-free.
Deposit & Withdrawal options
Debit or credit cards issued by Mastercard and Visa cards are accepted. E-wallet payments acceptable are SticPay, Skrill, Neteller, Perfect Money, FasaPay and Qiwi wallet. Bitcoin and Bitcoin Cash can also be used for payments. African local bank transfers can also be used to deposit or withdraw from JustForex accounts.
JustForex Trading Platforms
Once an account is created, the new client can log in to the back office to access the account features. The popular MT4 is the only trading platform available to JustForex clients. It can be accessed via WebTrader or downloaded on windows PC, Android or iOS mobile gadgets. The MT4 is renowned for its vast features and scalability. It has several features including order management, account monitoring, and technical analysis tools. Its functions can be expanded by installing plugin apps which include inter alia signal services, indicators, and expert advisors.
The customer support team at JustForex speaks English, Indonesian and Malaysian languages. English language support is available 24/7 while other languages are available 24/5. The support channels are email, phone, social media and ‘call back request form’. Chat is available via Telegram, WhatsApp, webchat, Viber, Skype, Facebook Messenger, and Line. The support desk is informed, responsive and friendly.
Research and tools
JustForex clients are offered research tools to aid their analyses and enhance their trading experience. Market news, economic calendar, daily forecasts, and technical analysis are all provided. Social trading and VPS are also available through the MT4 trading platform.
Contests and Promotions
Interested clients receive up to 115% deposit bonus for every deposit of $500 or more. This bonus is capped at $40,000. Deposits that are less than $99 are rewarded with a 50% bonus while payments between $100 and $499 get 100% bonus. Several competitions are periodically announced on the JustForex website. Presently, $5000 is up for grabs in the ‘Golden Trading contest’ which will go the most successful trader within a stipulated period. The first and second runner ups will get $3000 and $1000 respectively.
JustForex Trading Education
JustForex website also has about 49 training articles, 5 videos on MetaTrader as well as a glossary of over 70 terms. Though the training resources are inadequate, they are targeted at introducing newbies to the forex market