Features of JustMarkets Forex Brokers Reviewed for Traders

JustMarkets Forex Brokers Review and Ratings caught my attention because of their remarkable 3000:1 leverage offering that surpasses most competitors by a lot. This broker has definitely established itself in the forex world by serving over a million clients across nearly 200 countries. Their claims of providing low-cost trading solutions made me want to investigate further.

The JustMarkets review reveals some notable features. New traders can start with just a $10 minimum deposit, which makes trading available to everyone. The broker provides tight spreads from 0 points and a fixed commission of $6 per forex standard lot round turn - lower than the typical industry rate of $7-$9. These numbers look great on paper, but we need to see how they stack up against other top forex brokers. My trading experience tells me that proper regulation is crucial, and JustMarkets operates under the supervision of multiple authorities: CySEC, FSA, FSCA, and FSC.

This comparison will reveal if JustMarkets delivers its promised low-cost benefits or if traders should watch out for hidden compromises before creating an account.

JustMarkets vs Top Brokers: Regulation and Trustworthiness

Regulation is the life-blood of broker trustworthiness in forex trading. JustMarkets' rules and regulations need a closer look to understand how they protect traders.

Is JustMarkets regulated?

JustMarkets runs its business through several companies worldwide. Each company follows different rules. The broker has licenses from four regulatory bodies: CySEC (Cyprus Securities and Exchange Commission), FSA (Seychelles Financial Services Authority), FSCA (Financial Sector Conduct Authority of South Africa), and FSC (Financial Services Commission of Mauritius). This presence in multiple countries helps JustMarkets serve clients worldwide and follow local rules.

The company's main entities include:

• Just Global Markets Ltd (Seychelles) - FSA supervises it under license number SD088
• JustMarkets Ltd (Cyprus) - CySEC supervises it under license number 401/21
• Just Global Markets (Pty) Ltd (South Africa) - FSCA supervises it under license number 51114
• Just Global Markets (MU) Limited (Mauritius) - FSC supervises it under license number GB22200881

How does it compare to Tier-1 regulated brokers?

Regulatory bodies differ in their strength and reliability. Among JustMarkets' regulators, only CySEC is a Tier-1 regulator. It provides the strongest oversight and trader protection. FSA (Seychelles) and FSC (Mauritius) are Tier-3 regulators, while FSCA (South Africa) is a Tier-2 regulator.

This setup puts JustMarkets in a unique spot compared to other forex brokers. Having CySEC as a Tier-1 regulator adds credibility. Yet many top brokers work only with multiple Tier-1 authorities like the UK's FCA, Australia's ASIC, or Germany's BaFin.

The Cyprus entity of JustMarkets (regulated by CySEC) is the only one that offers investor protection up to €20,000. Other entities don't have this safety net, which you'll find with most top-tier brokers. Your protection level depends on which JustMarkets entity holds your account.

Client fund protection and data security

JustMarkets takes security seriously across all its companies. They keep client money in separate bank accounts away from company funds. This stops the broker from using trader deposits to run their business.

The broker also uses negative balance protection for all accounts. This means traders can't lose more than what's in their account, even during market crashes. This protection helped during events like the 2015 Swiss Franc crisis that hit many brokers hard.

To keep data safe, JustMarkets uses:

• SSL encryption for all data transfers
• Reliable server setup to keep services running
• Complete data encryption for transfers and storage
• PCI DSS security standard compliance
• Semi-automated checks on customer transactions

In spite of that, traders who want the best fund protection might want to look at brokers that work only with Tier-1 regulators and offer bigger compensation schemes. This is especially true if you trade large amounts.

Account Types and Minimum Deposit Comparison

The right trading account plays a vital role in your forex trading journey. Your account features will affect your trading costs and shape your experience. Let's get into how JustMarkets compares to other brokers.

JustMarkets account types explained

JustMarkets has four main account types that fit different trading styles and experience levels:

Standard Account: You can start with MT5 at a $10 minimum deposit. Spreads begin at 0.3 pips without commissions. This flexible account lets you trade 65 forex pairs plus metals and indices.

Pro Account: Available on both MT4/MT5 platforms, this account needs a $200 minimum deposit. You get tighter spreads from 0.1 pips with no commissions. The account adds energies and 63 shares to your trading options.

Raw Spread Account: Active traders who want the tightest spreads can start from 0 pips. There's a commission of $3 per side per lot. You'll need a $200 minimum deposit to access all trading instruments.

Standard Cent Account: New traders can use this unique MT4 account that shows balances in cents instead of dollars. You can trade micro-lots with minimal risk while keeping the $10 minimum deposit.

JustMarkets also has Islamic (swap-free) accounts and free demo accounts to practice. Most account types support multiple base currencies like USD, EUR, GBP, and several Asian currencies.

Minimum deposit requirements across brokers

JustMarkets' $10 starting point makes it more available to traders, though some brokers ask for less. Here's a quick comparison:

• No minimum deposit ($0): OANDA, Pepperstone, Global Prime, CMC Markets, XTB
• Under $10: XM Group ($5)
• $10 range: JustMarkets ($10), Exness ($10)
• $25-$50: OCTA ($25), Vantage ($50), FP Markets ($50)
• $100+: Admirals ($100), IG (£250)

BlackBull Markets uses tiered minimums based on account types. These range from $0 for standard accounts to $20,000 for institutional accounts.

Which broker is better for beginners?

New traders should look beyond minimum deposits when picking a broker. Several factors matter more.

JustMarkets' Standard Cent account works well as a starting point. New traders can use real money while keeping their risk low. The cent denomination helps improve money management skills with smaller amounts.

Expert traders suggest that complete beginners should start with demo accounts no matter which broker they choose. IG stands out among top-tier brokers with its complete educational resources. However, its higher minimum deposit might not suit everyone.

Brokers offering micro accounts like JustMarkets help beginners move from demo to live trading without spending much. The Standard Cent account's smaller position sizes limit your risk while giving you real-life market experience.

JustMarkets strikes a good balance between low deposits and educational support. Traders looking for the lowest possible starting amount might prefer Pepperstone or OANDA, which don't require any minimum deposit.

Fees, Spreads, and Commissions: Who’s Really Cheaper?

Trading costs go way beyond what you see on a broker's website. A deep look at JustMarkets and its competitors shows big differences in fee structures that affect your profits.

Raw Spread vs Standard Account fees

The biggest difference in forex trading costs comes from choosing between Raw Spread and Standard accounts. JustMarkets gives you both options with very different pricing.

JustMarkets' Standard Account comes with spreads from 0.3 pips and no extra commission fees. New traders and casual investors love this simple pricing. The Raw Spread Account starts from 0 pips but adds a commission of $3 per side per lot ($6 round turn).

Regular traders get better value from Raw Spread accounts even with commission costs. To cite an instance, see trading 10 standard lots monthly on EURUSD - you'd pay about $45 in spread costs with a Standard Account (0.9 pip spread average) versus $66 with the Raw account (0.1 pip spread plus $60 commission). Raw accounts become cheaper once you trade more than 15-20 standard lots each month.

Forex and CFD trading costs

The real costs of trading go beyond just spreads and commissions. JustMarkets stands apart from competitors in several ways:

• Overnight financing (swap rates) - JustMarkets offers competitive swap rates for overnight positions. Their rates sit right in the middle compared to top brokers.

• Markup on indices and commodities - JustMarkets promotes raw interbank spreads for forex, but their indices and commodities markups run slightly higher than what IG and Saxo Bank charge.

• Deposit/conversion fees - JustMarkets beats many rivals by offering free deposits on all payment methods. Other brokers often charge 1-2% for certain payments.

JustMarkets keeps CFD costs competitive with 1.2 index points on major indices and 2-3 cents markup on commodities. These rates beat mid-tier brokers but don't quite match what industry leaders offer high-volume traders.

Inactivity and withdrawal fees comparison

Hidden costs hit occasional traders through administrative fees. JustMarkets shines with no inactivity fees. Other brokers usually charge $10-25 monthly after 3-6 months of no activity.

JustMarkets structures withdrawal fees like this:

Bank transfers cost a flat $20 whatever the amount - right in line with competitors' $15-30 range. E-wallet withdrawals cost 1% (minimum $2), much less than the usual 2-3.5% industry rate.

Premium accounts at top regulated brokers like Pepperstone and IG often skip withdrawal fees for certain methods. JustMarkets lacks these tiered benefits, which makes frequent withdrawals potentially costlier.

The $10 minimum deposit for both Raw Spread and Standard accounts makes JustMarkets much more available than rivals asking for $100-500 minimums. This low entry point and reasonable withdrawal terms make JustMarkets perfect for traders who want to test strategies without risking much capital.

Trading Platforms and Tools: MT4, MT5, and Beyond

A trader's experience depends on the platform they use more than anything else. The JustMarkets trading ecosystem builds on the industry-standard MetaTrader suite with some unique additions.

JustMarkets MT4/MT5 access and features

Traders can access both MetaTrader 4 and the newer MetaTrader 5 platforms on multiple devices through JustMarkets. MT4 has 30+ built-in technical indicators, 9 timeframes, and 4 order types. MT5 takes these capabilities further with 80 technical indicators, 21 timeframes, and 6 order types.

JustMarkets MT5 shines with its execution speed of 52 milliseconds, which beats the industry average of 60 milliseconds. This speed makes a big difference to scalpers and high-frequency traders who need quick executions to make profits.

Both platforms support Expert Advisors (EAs) for traders who use automated strategies. MT5 stands out with its advanced MQL5 programming language that offers better statistical functions and strategy testing options.

Copy trading and mobile app usability

The JustMarkets mobile app is known for its accessible interface. Traders can:

• Set up real and demo MT5 accounts
• Access the WebTrader MT5 platform
• Review transaction history
• Handle deposits and withdrawals securely
• Change account settings

JustMarkets connects with MT4/MT5's signals market for copy trading. However, it doesn't have its own copy trading platform like Pepperstone's Pelican, AvaTrade's AvaSocial, or Vantage's Copy Trading platform with its 71,000+ signal providers.

Platform availability across competitors

JustMarkets offers fewer platform options compared to its top competitors. Many leading brokers give traders both MetaTrader and other platforms, while JustMarkets focuses on the MetaTrader ecosystem.

IC Markets adds value to its MetaTrader package with Advanced Trading Tools from FX Blue and plugins from Trading Central and Autochartist. Pepperstone goes further by offering cTrader and TradingView integration alongside MetaTrader.

JustMarkets delivers a solid MetaTrader experience with fast execution speeds but doesn't match the platform variety of market leaders. Traders who want the familiar MetaTrader environment with low costs will find JustMarkets a good fit - as long as they don't need special third-party tools or different trading platforms.

Tradable Instruments and Leverage Options

The variety of trading options plays a key role in rating a forex broker's services. Let's examine how JustMarkets' extensive selection compares to other industry leaders.

Forex, crypto, indices, and more

JustMarkets gives traders access to more than 260 tradable instruments across multiple asset classes. Their forex platform features 61 currency pairs that include majors, minors, and exotics. Spreads start from 0.0 pips. The forex selection has popular pairs like EUR/USD, GBP/USD, and USD/TRY.

My research shows JustMarkets offers:

• 163 share CFDs from companies like Apple, Tesla, and Amazon
• 13 global indices covering US, European, and Asian markets
• 17 cryptocurrencies including Bitcoin, Ethereum, and emerging altcoins
• 10 commodities spanning precious metals, energy assets, and agricultural products

Leverage comparison: JustMarkets vs others

JustMarkets stands out with its maximum leverage of 3000:1. This makes them one of the highest leverage brokers available. The actual leverage limits vary based on where you're regulated:

CySEC (Cyprus): 30:1 for majors FSCA (South Africa): 50:1 for majors FSC (Mauritius): 500:1 for majors FSA (Seychelles): 1000:1 for majors

These numbers put JustMarkets ahead of competitors like XM (888:1), BDSwiss (500:1), and FP Markets (500:1). HFM comes close with their 2000:1 leverage offering.

Is the asset variety enough for advanced traders?

Advanced traders will find JustMarkets' instrument selection meets their needs. The platform supports complex strategies like scalping, hedging, and news trading. Gold traders and crypto enthusiasts benefit from tight spreads - XAUUSD (gold) at 5-7 points and BTCUSD at $8-9.

JustMarkets lacks some specialized offerings compared to niche brokers. They don't provide ETFs, bonds, or options trading that some advanced portfolios need. Yet their coverage of major asset classes serves most active traders well, unless you focus on exotic instruments or need extensive ETF exposure.

Conclusion

Conclusion: Does JustMarkets Deliver on Its Low-Cost Promise?

Our deep dive into JustMarkets versus leading forex brokers shows their low-cost claims need proper context. Of course, budget-conscious traders will find the $10 minimum deposit and tight spreads attractive. Notwithstanding that, we need a full picture to understand the real story.

Some trader profiles will find this broker particularly valuable. New traders can start small with Cent accounts, while those seeking higher risk can use ratios up to 3000:1 through offshore entities. On top of that, high-volume traders get real value from Raw Spread accounts, where the $6 round-turn commission beats many competitors.

JustMarkets has its share of drawbacks too. Only their CySEC-regulated entity gives you Tier-1 regulatory protection. Their platform choices stay limited to MT4/MT5, missing the custom tools that premium competitors offer. Serious portfolio diversification means you'll need to look elsewhere for ETFs and bonds.

Cost-conscious forex and crypto traders who feel comfortable with JustMarkets' regulatory setup will find this broker appealing. While not the cheapest option across all trading styles, their competitive fees and easy entry points make them worth a look among other established names. Your trading volume, asset preferences, and risk tolerance will decide if JustMarkets really deserves the "low-cost" label.

FAQs

Q1. Is JustMarkets a reliable forex broker? JustMarkets is regulated by multiple authorities, including CySEC, FSA, FSCA, and FSC. While it offers some level of trustworthiness, only its CySEC-regulated entity provides Tier-1 regulatory protection. Traders should consider their risk tolerance and preferred regulatory framework when choosing this broker.

Q2. What are the minimum deposit requirements for JustMarkets? JustMarkets offers a low minimum deposit of $10 for its Standard and Standard Cent accounts, making it accessible for beginners and casual traders. However, the Pro and Raw Spread accounts require a higher minimum deposit of $200.

Q3. How do JustMarkets' fees compare to other brokers? JustMarkets offers competitive fees with spreads starting from 0 pips on their Raw Spread account, plus a $6 round-turn commission per standard lot. While this is lower than the industry average, the overall cost-effectiveness depends on your trading volume and style.

Q4. What trading platforms does JustMarkets offer? JustMarkets provides access to both MetaTrader 4 and MetaTrader 5 platforms across multiple devices. They also offer a user-friendly mobile app for trading on the go. However, their platform selection is more limited compared to some competitors who offer additional proprietary platforms.

Q5. What leverage options are available with JustMarkets? JustMarkets offers leverage up to 3000:1, which is among the highest in the industry. However, the actual leverage available varies based on regulatory jurisdiction, ranging from 30:1 for CySEC-regulated accounts to 1000:1 for FSA-regulated accounts.