JustForex review, is this broker reliable and legit or scam?

JustForex broker logo
JustForex broker logo

JustForex is an international forex broker that has established since 2012 and offers various special facilities for traders from various countries.

The shelter company named JF Global Limited, and located at Suite 305, Griffith Corporate Center, Beachmont, Kingstown, St. Vincent, and the Grenadines.

Broker JustForex has a license from the authorities, FSA St. Vincent and the Grenadines, with registration number 23993.

Many traders join this broker because they are interested in the various conveniences and bonuses it offers.

Another reason is that JustForex has also provided a choice of swap-free Islamic accounts.

The reliability of the JustForex broker not only proven by its regulatory guarantees and flexibility but also by its liquidity providers.

For information, JustForex broker liquidity provided by 18 of the world's largest banks.

This broker also tries to protect clients from unexpected losses through protecting negative balances. Its function is when the client's balance becomes negative because of sharp price changes, the broker will set it to zero.

Trading on JustForex brokers can use any trading strategy, without restrictions.

With a sharp price quote of 5 decimal places, this broker is suitable for traders to use using any strategy.

JustForex also offers a superior partnership program with a Profit Sharing model and CPA.

Everyone can become a partner of JustForex and enjoy attracting new clients or partners because the partnership program is multilevel.

More than that, JustForex partners can take part in Loyalty and VIP programs designed to increase revenue and support long-term cooperation.

Account types available at JustForex

JustForex broker provides five choices of trading account types with different specifications. Here are the complete details:

1. Cent

They calculate the base currency in a Cent account in USC, or US Cent with a value of 1 USD = 100 USC. Therefore, the initial capital requirements are lighter than other account types.

For opening a Cent account, JustForex does not require a certain amount of capital. A trader can make a deposit with funds of only 1 USD.

As a complement, JustForex provides maximum leverage of up to 1: 1000 and spreads starting from 0.3. However, asset options for trading are very few, only around 34 forex pairs.

2. Mini

JustForex Mini accounts are like Cent accounts because they both don't require a certain amount of funds and only charge spreads from 0.3.

However, there are some big differences between Cent and Mini accounts. In a Mini account, traders can choose various types of base currencies, such as USD, EUR, GBR, IDR, etc.

They also offer traders maximum leverage of up to 1: 3000. The asset options include 34 forex pairs and 2 metals.

3. Standard

If the Cent and Mini accounts are for novice traders, then the Standard account is for those who feel they have finished training and are ready to dive into the real world of trading.

The minimum initial capital requirement is only 100 USD, with a maximum leverage up to 1: 3000, zero commission, and spreads starting from 0.1. The asset options include 57 forex pairs and 2 metals.

4. ECN Zero

As the name implies, this trading account relies on the execution of the Electronic Communication Network, which is smoother and sharper than other account types and allows spreads to start from zero.

The leverage offered on this account is up to 1: 500. ECN Zero is also the only account from JustForex that imposes commission fees. The asset options include 84 forex pairs, 2 metals, and 7 crypto pairs.

5. Pro

JustForex Pro Accounts are suitable for high-risk enthusiasts who like challenges and want to enjoy fluctuations in the value of more types of assets.

The asset options in the Pro account are the most, which include 57 forex pairs, 4 metals, 11 indexes, 2 energy commodities, 7 crypto pairs, etc.

The terms of leverage, commission, and spread are the same as for a Standard account, but it requires a minimum initial capital deposit of 500 USD.


Advantages of JustForex Brokers

Since founded, JustForex broker has trusted by traders from various countries around the world.

Trading facilities provided are standard, including trading forex, gold, silver, and cryptocurrencies.

However, its main attraction lies in the absence of a certain minimum initial deposit, various payment methods, lucrative bonuses and promotions, and reliable daily analysis.

Here are some trading facilities from JustForex that can be a reference for you:
  • The minimum deposit requirement at JustForex broker is zero. Traders can start trading with any capital on Cent and Mini accounts.
  • Maximum leverage options up to 1: 3000 for Mini, Standard, Pro, and ECN Zero accounts, and you can optimize the use of leverage to take advantage of more opportunities in the forex market.
  • Trading costs are very low, because it is free of commission on almost many accounts, while thin spreads start at 0 pips (ECN).
  • They allow traders to use many trading techniques, like scalping, news trading, hedging, expert advisors, and so on.
  • JustForex will execute all traders' orders with lightning speed starting from 0.05 seconds (normal market conditions).
  • JustForex provides funds deposit and withdrawal facilities via Wire Transfer, Visa / Mastercard Credit Cards, Skrill, FasaPay, Perfect Money, Neteller, DixiPay, China Union Pay, and local banks/internet banking.
  • Traders can trade on the Metatrader 4 or Metatrader 5 platforms because this broker supports both versions of the MetaTrader.
  • JustForex MT4 and MT5 are available in the form of laptop / PC software and mobile applications.
  • Muslim traders can choose the swap-free option, which is following the provisions of Muslims in all types of accounts.
  • JustForex provides Negative Balance Protection, so traders' balances can't drop to below zero.
  • We can contact broker consumer services via Live Chat and callback services through the website, e-mail or via Telegram, WhatsApp, Skype, and Line.
  • JustForex provides customer service in various languages ​​so it becomes a distinct advantage for traders in small countries.
  • Another advantage of this broker is that it often holds seasonal promo activities alternately with a variety of tempting prizes each year.

Disadvantages of JustForex Brokers

Overall, JustForex broker can be a suitable choice for novice traders with low capital under 1,000 USD. You who are interested in trading with this broker can enjoy a variety of deposit facilities and withdraw funds. Promotion activities and trading contests are also suitable for starting forex trading without capital though. However, this broker has some disadvantages, like:
  • We consider the quality of licenses held by JustForex inadequate for large amounts of capital deposits. You also need to think twice if you want to maintain over 10,000 USD in a JustForex account. It is better to withdraw funds regularly to the profit trades that have received.
  • Among this broker, the trader is still not so popular compared to other brokers


Conclusion:

This broker is a broker that you should try, but use small capital to try it, because even though this broker has licensed and regulated, but the regulations got are arguably second or third class regulations.

For those of you who want to try new experiences, maybe this broker is worth a try because it includes a broker that offers facilities and trading costs that are qualified and cheap.

To register this broker, almost the same as other regulatory brokers. All you have to do is fill in the registration form and the required documents.

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