JustMarkets is a global forex and CFD broker offering more than 170 trading instruments with competitive spreads and multiple account types. It is regulated by several authorities, serves 197+ countries, and is popular among Asian traders. However, withdrawal issues and limited asset variety pose risks, requiring careful consideration before trading.
How Is JustMarkets Regulated and What Does This Mean for Traders?
JustMarkets operates under multiple regulatory bodies including CySEC, FSCA, FSC, and FSA. This regulation provides a level of trust and oversight, aiming to protect traders through compliance with financial standards. However, regulation risks vary by entity, and traders should verify regional licensing and protections before opening accounts.
What Trading Instruments and Platforms Does JustMarkets Offer?
JustMarkets offers over 170 instruments covering major, minor, and exotic forex pairs, 65+ stocks, 14 cryptocurrencies, major indices like NASDAQ and S&P 500, and commodities including gold and oil. The broker supports the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, catering to a variety of trading strategies from beginner to professional.
Which Account Types and Fees Are Available on JustMarkets?
There are four main account types: Standard Cent, Standard, Pro, and Raw Spread. Most accounts have tight, floating spreads starting as low as 0.1 pips on Pro accounts. Raw Spread accounts offer spreads from 0 pips but charge a fixed commission per lot. The broker also offers swap-free accounts for Muslim traders. Minimum deposits start at $10.
JustMarkets Account Types and Fees Comparison
| Account Type | Starting Spread | Commission | Minimum Deposit |
|---|---|---|---|
| Standard Cent | From 0.3 pips | None | $10 |
| Standard | From 0.3 pips | None | $10 |
| Pro | From 0.1 pips | None | $100 |
| Raw Spread | From 0.0 pips | $3 per lot per side | $200 |
Why Do Some Traders Report Withdrawal Problems with JustMarkets?
Some users have reported difficulties withdrawing profits beyond their initial deposits, with restrictions on withdrawal methods and requested use of less common e-wallets. Although the broker claims to have clear policies and compliant KYC/AML procedures, these complaints highlight caution around withdrawal flexibility and support responsiveness.
How Competitive Are JustMarkets’ Trading Conditions Compared to Other Brokers?
JustMarkets offers low spreads, flexible account conditions, and diverse asset choices, making it competitive for many traders. However, its non-forex offering is more limited than some competitors, and its country restrictions exclude clients from major markets like the US and UK. Overall, it’s well suited for Asian and emerging market traders seeking transparent and cost-effective trading.
Who Is JustMarkets Best Suited For?
JustMarkets is ideal for beginner to intermediate traders seeking a low minimum deposit, diverse forex pairs, and a regulated environment. It appeals to scalpers and hedgers who benefit from MT4/MT5 platforms and tight spreads. However, traders valuing extensive non-forex assets or located in restricted countries should consider alternatives.
How Does JustMarkets Support Customer Service and Education?
Customer service reportedly responds swiftly via chat and email, with multilingual support available. JustMarkets offers educational resources geared toward forex beginners, including market analysis and trading tips. Still, some users note occasional delays or challenges resolving more complex withdrawal issues.
What Are Some Key Risks to Consider Before Trading with JustMarkets?
Risks include withdrawal restrictions, limited non-forex assets, geographic limitations on clients, and potential delays in fund processing. While regulation is strong, traders must perform due diligence on account terms, verify local acceptance, and remain cautious of experiences shared by other traders regarding profit withdrawals.
Can JustMarkets Be Trusted for Long-Term Trading?
With multiple licenses and competitive fees, JustMarkets can be trusted as a broker for many traders. However, reports of withdrawal difficulties suggest monitoring account activity closely and avoiding over-reliance on profits that might be hard to access. Balanced portfolio management and awareness of terms can help mitigate these concerns.
Summary Table: JustMarkets Overview
| Feature | Detail |
|---|---|
| Regulation | CySEC, FSCA, FSC, FSA |
| Instruments Offered | 170+ (Forex, Stocks, Crypto, Indices, Commodities) |
| Platforms | MT4, MT5 |
| Account Types | Standard Cent, Standard, Pro, Raw Spread |
| Min. Deposit | $10-$200 |
| Target Markets | 197+ countries, excluding US, UK, Japan |
| Customer Support | Multilingual, responsive |
| Withdrawal Issues | Occasional reported concerns |
Frequently Asked Questions (FAQs)
Does JustMarkets accept clients worldwide?
No, JustMarkets excludes traders from countries including the US, UK, Japan, and Germany due to regulatory restrictions.
Is there a demo account available?
Yes, JustMarkets offers demo accounts allowing traders to practice without risking real money.
How quickly are withdrawals processed?
Withdrawal speeds vary, but some traders report delays or complications with profit withdrawals.
What is the minimum deposit to start trading?
The minimum deposit starts at $10 for standard account types and $200 for the Raw Spread account.
Are there any bonuses for new traders?
Yes, JustMarkets offers welcome bonuses including deposit match promotions and no-deposit bonuses.