What is JustMarkets?
JustMarkets is an online broker that offers forex and CFD trading. The company is based in Estonia and is regulated by the Estonian Financial Supervision Authority (EFSA). JustMarkets has been in operation since 2012 and offers its services to clients from all over the world.
The broker provides access to the global financial markets through its intuitive trading platform. JustMarkets offers a wide range of tradable instruments including major and minor currency pairs, precious metals, energies, indices, and cryptocurrencies. The broker also provides negative balance protection to its clients, which means that you will never lose more than your account balance.
JustMarkets is a reliable broker that has won numerous awards over the years. The broker has been recognized as the Best ECN/STP Broker by International Finance Magazine and the Best Cryptocurrency Broker by Global Brands Magazine. JustMarkets is also a member of the Financial Commission, an international organization that mediates disputes between investors and brokers.
Is JustMarkets a Legit or Scam Forex Broker?
When it comes to online forex trading, there are many different brokerages to choose from. So, how do you know if a particular broker is legit or a scam? In this article, we’ll take a look at JustMarkets (formerly known as JustForex), and see if they’re a legitimate forex broker or not.
JustMarkets is an online broker that offers foreign exchange (forex) trading services. They are headquartered in London, United Kingdom and are regulated by the Financial Conduct Authority (FCA). JustMarkets has been in business since 2012 and offers their services to retail and institutional clients from over 150 countries.
JustMarkets offer their clients the ability to trade in over 50 different currency pairs, as well as CFDs on metals, energies, indices, and cryptocurrencies. They offer both the MetaTrader 4 & 5 trading platforms which are available on desktop, web-based, and mobile devices. JustMarkets also offer Islamic accounts which adhere to Shariah law.
So far, we haven’t found any major complaints about JustMarkets being a scam broker. They seem to be a pretty solid choice for those looking for an online forex broker. However, if you’re still not sure if they’re right for you, we recommend doing your own research before investing any money with them.
What Are the Pros and Cons of JustMarkets?
JustMarkets is a forex broker that offers online trading in a variety of currencies, including the US dollar, Euro, British pound, Japanese yen and Swiss franc. JustMarkets also offers CFD trading in a variety of assets, including commodities, indices and shares.
JustMarkets has been in business since 2012 and is headquartered in Cyprus. The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC).
JustMarkets offers two account types – a standard account and a VIP account. The minimum deposit for a standard account is $100 and the minimum deposit for a VIP account is $50,000. Both account types offer leverage of up to 1:200.
The major advantage of JustMarkets is that it offers commission-free trading on all its products except for shares CFDs. This means that you only pay the spread when you trade with JustMarkets.
Another advantage of JustMarkets is that it provides negative balance protection on all its accounts. This means that your account balance cannot go below zero, even if the markets move against you.
A disadvantage of JustMarkets is that it does not currently offer any welcome bonuses or promotions. Another disadvantage is that its customer service department is only available during business hours Monday to Friday.
What Do Other Users Say About JustMarkets?
When researching a potential forex broker, one of the best indicators of its legitimacy is what other users have to say about it. In the case of JustMarkets (formerly known as JustForex), there are plenty of user reviews available online.
The vast majority of these reviews are positive, with users praising the broker for its low spreads, fast execution, and helpful customer service. There are also a number of negative reviews, but it should be noted that many of these seem to come from disgruntled ex-employees. Overall, the feedback on JustMarkets seems to be very positive.
Conclusion
All in all, JustMarkets is a decent forex broker that offers a good selection of tradable assets and some interesting features, such as the ability to copy other traders. The company is also regulated by a respected financial authority, which adds to its legitimacy. However, there have been some complaints about delays in withdrawals, so if this is a make-or-break issue for you, you may want to look elsewhere.