JustMarkets Broker Review: A Comprehensive Analysis for Traders

JustMarkets is a global forex and CFD broker established in 2012, offering traders access to multiple financial markets through the popular MetaTrader platforms. With regulation from several financial authorities, competitive spreads starting from 0.0 pips, and a low minimum deposit of just $10, JustMarkets has positioned itself as an accessible option for both beginner and experienced traders. This comprehensive review examines everything from account types and trading platforms to fees, available assets, and customer support quality to help you determine if JustMarkets is the right broker for your trading needs.

Founded in 2012, JustMarkets (previously known as JustForex) has established itself as a global online broker serving clients from over 190 countries. The company operates through several regulated entities to ensure compliance with local financial regulations across different regions.

JustMarkets operates through multiple regulated entities, providing an additional layer of security for traders. The broker’s regulatory oversight includes:

JustMarkets implements several security measures to protect client funds and personal information, including:

JustMarkets offers several account types designed to accommodate different trading styles and experience levels. Each account type provides unique features and trading conditions to suit various trader needs.

The Standard account is JustMarkets’ entry-level offering, ideal for beginners with its low $10 minimum deposit requirement. This account type features commission-free trading with spreads starting from 0.3 pips, making it accessible for those just starting their trading journey. The Standard account supports both MT4 and MT5 platforms and offers access to all available trading instruments.

The Standard Cent account is specifically designed for micro-lot trading and risk management. With this account, positions are opened in cent lots (0.01 cent lot = 1,000 units of the base currency), allowing traders to practice with minimal risk. This account type is only available on the MT4 platform and has limited instrument availability compared to other account types.

The Pro account is tailored for more experienced traders who require tighter spreads. With a minimum deposit of $100, this account offers spreads from 0.1 pips with no commission. The Pro account is suitable for various trading strategies and provides access to all available instruments on both MT4 and MT5 platforms.

The Raw Spread account (formerly ECN account) offers the tightest spreads starting from 0.0 pips with a commission of $3 per side per lot. This account type is ideal for scalpers and high-frequency traders who prioritize execution speed and minimal trading costs. The minimum deposit requirement is $100, and it supports both MT4 and MT5 platforms.

JustMarkets offers swap-free accounts for traders who follow Islamic principles. These accounts comply with Sharia law by eliminating overnight interest charges (swaps). The swap-free option is available for all account types upon request and maintains the same trading conditions as standard accounts.

For those who want to practice trading without financial risk, JustMarkets provides free demo accounts with virtual funds of up to $5 million. These accounts simulate real market conditions and allow traders to test strategies, explore platform features, and gain confidence before transitioning to live trading.

JustMarkets offers industry-standard trading platforms that provide traders with powerful tools for market analysis and trade execution. The broker supports both MetaTrader 4 and MetaTrader 5, along with mobile applications for trading on the go.

MetaTrader 4 remains one of the most popular trading platforms globally, known for its user-friendly interface and powerful features. JustMarkets’ MT4 offering includes:

MetaTrader 5 is the advanced successor to MT4, offering enhanced features and capabilities for more sophisticated trading. JustMarkets’ MT5 platform includes:

In addition to the MetaTrader mobile applications, JustMarkets offers its proprietary mobile app that provides a seamless trading experience on smartphones and tablets. The app features:

JustMarkets provides a copy trading service that allows traders to automatically replicate the strategies of successful traders. This feature is particularly useful for beginners who want to learn from experienced traders or those who prefer a more passive approach to trading.

The copy trading service includes:

JustMarkets offers competitive trading costs across its various account types. The fee structure is transparent, with most costs embedded in the spread for Standard and Pro accounts, while Raw Spread accounts feature tighter spreads with an additional commission.

Spreads vary depending on the account type and market conditions. Below are the typical spreads for major forex pairs:

JustMarkets’ commission structure is straightforward:

When positions are held overnight, swap rates (financing charges) apply. These rates vary by instrument and depend on the interest rate differential between the currencies involved. For example:

JustMarkets keeps non-trading fees to a minimum:

JustMarkets offers high leverage options, though the maximum available leverage depends on the regulatory entity and account balance:

Margin requirements vary by instrument and leverage level. The margin call level is set at 40%, and the stop-out level is at 20% for all account types.

JustMarkets offers a diverse range of trading instruments across multiple asset classes, allowing traders to diversify their portfolios and capitalize on various market opportunities.

JustMarkets provides access to over 60 currency pairs, including:

Traders can access 17 cryptocurrency CFDs, including:

JustMarkets offers over 160 stock CFDs from major global markets:

Traders can access 13 global stock indices, including:

JustMarkets offers 10 commodity CFDs across two categories:

Trading hours vary by instrument:

JustMarkets provides 24/7 customer support in multiple languages to assist traders with account-related questions, technical issues, and general inquiries.

Traders can contact JustMarkets through various channels:

JustMarkets offers multilingual support in:

Based on our testing and user reviews, JustMarkets’ support team is generally responsive:

JustMarkets provides a range of educational materials to help traders develop their skills and knowledge. These resources cater to traders of all experience levels, from beginners to advanced.

JustMarkets’ learning center includes various educational materials:

JustMarkets provides regular market analysis to help traders make informed decisions:

In addition to educational resources, JustMarkets offers several tools to enhance trading performance:

JustMarkets offers a wide range of payment options for deposits and withdrawals, catering to traders from different regions. The broker does not charge fees for deposits or withdrawals, though third-party payment providers may apply their own fees.

JustMarkets accepts deposits through various payment methods:

Withdrawals can be processed through the same methods used for deposits:

To provide a comprehensive perspective, we’ve compared JustMarkets with two popular competitors: IC Markets and Pepperstone. This comparison highlights the key differences in trading conditions, platforms, and services.

While all three brokers offer competitive trading conditions, there are some notable differences:

Based on our comprehensive review, here’s a summary of JustMarkets’ strengths and weaknesses:

JustMarkets offers a compelling package for traders of all experience levels, with its low minimum deposit, competitive spreads, and diverse instrument selection. The broker’s multiple regulatory licenses provide an additional layer of security, while features like negative balance protection and segregated client funds further enhance trader protection.

For beginners, JustMarkets’ $10 minimum deposit and user-friendly platforms make it an accessible entry point into the trading world. More experienced traders will appreciate the Raw Spread account with tight spreads and fast execution speeds, along with the high leverage options available on non-EU regulated accounts.

However, traders should consider the limitations, including the unavailability for residents of certain countries, the limited platform options compared to some competitors, and the relatively higher swap rates for overnight positions. Those seeking more advanced research tools or a wider range of instruments including ETFs and bonds might want to explore additional options.

Overall, JustMarkets stands out as a solid broker offering good value, particularly for those prioritizing low entry costs, competitive trading fees, and reliable execution. The broker’s continuous improvements and expanding global presence suggest a commitment to enhancing the trading experience for its clients.