WikiFX Broker Assessment Series | JustMarkets: Is It Trustworthy?

Background:

Founded in 2012, JustMarkets Pty Ltd (formerly JustForex) operates as an online brokerage specializing in the trading of exchanged CFDs, distinguishing itself through a commitment to offering competitive spreads.

JustMarkets provides a diverse range of tradable assets, covering currency pairs, commodities, stocks, energies, precious metals, indices, and cryptocurrencies.

Additionally, JustMarkets offers a social trading service that enables money managers and traders to enhance efficiency, increase profitability, and generate passive income through copy trading.

Meanwhile, JustMarkets features an introducing broker (IB) program, enabling individuals and businesses to earn commissions by referring new clients to the company.

It is important to note that, at present, JustMarkets does not extend its services to Australia, Canada, the EU and EEA, Japan, the United Kingdom, the United States of America, and countries sanctioned by the EU.

Types of Accounts:

JustMarkets offers three account options under MT5 trading platform: the Standard Account, the Pro Account and the Raw Spread Account.

For MT4 trading platform, JustMarkets offers four account options: the Standard Cent Account, the Standard Account, the Pro Account, and the Raw Spread Account.

Islamic swap-free account is also available upon request.

Please refer to the attached images below for more detailed information on each corresponding account.

Deposits and Withdrawals:

JustMarkets offers a range of payment options, including bank transfers, bank cards, e-wallets, and additional methods. While JustMarkets asserts a policy of not imposing any commission or fees for deposits and withdrawals, it is important to note that any fees levied by third-party providers shall be the responsibility of the trading client.

The company asserts a commitment to processing all deposit and withdrawal requests within 1 minute.

Trading Platforms:

JustMarkets provides three trading platforms:

• The MetaTrader 4 (MT4) trading platform, available on PC, mobile, and web, is widely used in the industry. MetaTrader 4 is an advanced trading platform offering a comprehensive suite of features and tools for precise trading analysis. With one-click trading, quick order execution, VPS hosting, and up to four pending order types along with trailing stops, it provides a highly customizable interface with thousands of online tools to plug in. The platform supports fully customizable and in-depth charts, in-depth trading history, and allows users to build or import Expert Advisors (EAs), enabling the automation of trading strategies.
  
• The MetaTrader 5 (MT5) trading platform, available on PC, mobile, and web, renowned for its technological sophistication, provides access to a depth of market and various advanced solutions. It offers features such as buy and sell flexibility with six types of pending orders, 38 technical indicators, 44 analytical objects, and 21 timeframes, providing a customizable platform with numerous online tools for integration. Quick order execution, an economic calendar for tracking global macro-economic news, one-click trading, mobile trading capabilities, and an intuitive market search and grouping functionality contribute to the platform's comprehensive and user-friendly trading experience.
  
• The JustMarkets Trading mobile application offers a comprehensive suite of tools for traders, providing advanced charting with over 1,000 indicators to analyse historical data and “feel” the market. Users can easily manage their trades, modify orders, and monitor favourite instruments in real time. The app includes analytical resources, top news, and an economic calendar for informed decision-making, along with the ability to adjust account settings, make deposits and withdrawals, and access 24/7 multilingual support via live chat—all in one convenient platform.

Research and Education:

JustMarkets offers a variety of educational resources to support traders, including trading articles, a trading glossary, and educational videos. Additionally, JustMarkets provides helpful information such as market overviews, daily forecasts, an economic calendar, and a currency converter.

Customer Service:

JustMarkets provides 24/7 customer support in multiple languages, including English, French, Thai, Vietnamese, Bahasa Indonesia, Chinese, and more. Clients can contact JustMarkets via email at support@justmarkets.com. Additionally, trading clients have the option to reach JustMarkets by phone at +248 4632027 or +230 52970330.

Conclusion:

To summarize, here's WikiFX's final verdict:

WikiFX, a global forex broker regulatory platform, has assigned JustMarkets a WikiScore of 7.27 out of 10.

Upon examining JustMarkets' licenses, WikiFX found that the broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), Seychelles' Financial Services Authority (FSA), and South Africa's Financial Sector Conduct Authority (FSCA). WikiFX has also validated the legitimacy of these licenses.