JustForex Review 2024 With Rankings By Dumb Little Man

By Vanessa Richards

January 10, 2024   •   Fact checked by Dumb Little Man

justforex review

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Forex trading has become popular all over the world. Though it is not risk-free, it brings handsome profits to traders. However, as there are several broker platforms, it is challenging to choose the right one. We are going to review JustForex, one of the regulated online brokers for Forex traders.

But is this platform advantageous for traders? Can you engage in Forex trading safely on JustForex? What are the features provided by this broker? This review will give you a clear idea.

Evaluation Criteria

We have set some criteria to evaluate JustForex. Our experts have tried to identify the main factors important for every broker. These criteria include

  • Convenience- It is about the availability of advanced features, mobile trading options, and platforms like MetaTrader 4/5.

  • Profitability- We have reviewed the success rate, signal services, and a few other factors.

  • Reliability- It analyzes marginal needs, minimum deposits, account deposits, and licenses.

  • Broker’s competency- We have verified tools, trading instruments, and customer service standards.

  • Affordability – We have compared spreads, commission fees, and other charges.

From the overall evaluation, we have found that JustForex is a genuine and trusted broker that provides everything needed for trading. Traders can leverage up to 1:3000, depending on the account type.

What is JustForex?

JustForex is an online broker in the world of Foreign Exchange market trading. Set up in 2021, the broker has gained the trust of several traders. Traders on this platform can also access the global currency markets. Both institutional and individual investors can join the platform. The Headquarters of the company are located in St. Vincent and the Grenadines.

Currently, the broker provides its services to 197 countries. As a regulator of JustForex, Belize IFSC oversees financial services.

JustForex gives you access to more than 170 tradable assets like commodities, indices, metals, CFDs, and Forex. Traders can also open various account types depending on their needs.

Safety and Security of JustForex

The International Financial Services Commission of Belize regulates JustForex. The broker operates its business while staying compliant with financial rules.

The obligations and rights of the broker and clients are clearly revealed. So, it guarantees that your funds will be secure.

Sign Up Bonus of JustForex

JustForex has drawn traders’ attention with different types of bonuses. It presents you with a $30 sign-up bonus. There is no deposit needed to grab this bonus offer. However, you will get an additional 120% deposit bonus when you make a deposit.

After opening your Welcome Account, you will get the sign-up bonus. You must trade 5 lots in a month. The profit/loss should be at least 60 points. Then, funds can be transferred to your Standard/Pro/Standard Cent/Raw Spread Account from the Welcome Account.

Minimum Deposit of JustForex

It is easy to deposit and withdraw your amount from the JustForex trading account. However, the minimum deposit fee varies with the account type. For Standard and Standard Cent, it is $1. But, for Raw Spread and Pro accounts, it is $100.

Traders with these accounts enjoy lower spreads and leverage benefits from different market conditions. You can deposit the amount in any currency, such as EUR, USD, MYR, JPY, THB, KWD, ZAR, CNY, and IDR.

Account Types

JustForex lets you choose from various types of accounts. Each of the account types have different features. Also, you need to analyze them before choosing the right one.

However, before opening the live account, it is recommendable to explore the platform features and trading conditions using the demo account. Both mobile and desktop versions of MT4/MT5 platforms are accessible to retail traders.

Standard Cent

Novice traders can create this Standard Cent account after exploring the demo account. There is no need to make a huge deposit for creating this account. The most significant advantage is that you will acquire money management skills while using this account.

Use the account to open positions, and the amount for the lot is 0.01 cents. You will be able to have a maximum leverage of 1:1000. By depositing only $1, you can start using the account.

Indices (9), metals (4), and currency pairs (37) are trading instruments available to Standard Cent account users. Standard Cent has similarities with Standard Account. However, the most notable thing is that the former lets you trade with low risks. You will learn the trading basics without much stress.

Standard Account

It is the most popular trading account for JustForex clients. You do not need to pay commissions. Tight spreads start from 0.3 pips; the minimum spread for account holders is 0.1 pips.

Trading instruments are not different from what you find with a Standard Cent account. You can deposit your account in any currency (such as GBP, EUR, USD, THB, MYR, VND, IDR, CNY, KWD, and ZAR). For this account, the maximum leverage is 1:3000. However, you will have more currency pairs with this account.

Pro Account

Professional and experienced traders can open a Pro account. Regardless of your trading style, you can use this account. The most important features of the Pro Account are the lack of commission, absence of restrictions, high leverage, and narrow spreads. You will find no limitations on the trading volume and the number of orders.

Besides, the Pro account provides you with various Foreign Exchange market trading instruments. There are more than 50 currency pairs, metals, commodities, and indices. Deposit only R1600 ZAR or $100 USD to open the Pro Account.

Raw Spread

It is a commission-based account for trading in the Forex market. Traders who like to involve in dynamic trading activities can open Raw Spread accounts. Besides, intraday traders and traders who prefer inputs/outputs can create this account.

The spread for the Raw Spread account starts from 0.0 pips. Deposit at least R1600 ZAR or $100 to use the account. The maximum leverage is similar to the Standard account.

Customer Reviews

Traders Reviews

Most retail traders have shown diverse reactions towards the service standard and other qualities of the Forex broker. Some traders have claimed that JustForex is the best broker to allow copy trade investing.

However, according to Just Markets traders, the trading platform should provide traders an opportunity to close trades at a convenient time. It will prevent traders from waiting for long. Although there are delayed withdrawal cases reported by some traders, the JustForex team has tried to solve the problem.

So, if you have any issues, you can directly contact Just Markets customer representatives to get the best solution.

JustForex Spreads, Fees, and Commissions

Spreads: Tight spreads that start from 0 pips.

Fees: No fee is charged for deposits. But, the withdrawal charge is high depending on the chosen method.

Commission: Only ECN Account MT4 and MT5 Account holders have to pay commission. It is around 4 units of the base currency.

We found that the broker has levied competitive commission charges. It allows commission-free trading to Standard, Standard Cent, and Pro account holders. Spreads and fees vary with the account type.

JustForex spreads start from 0.0 pips. The financial instrument and market conditions also affect the spreads. The variable spreads for every account type are

  • Standard Cent– from 0.3 pips
  • Standard Account – from 0.3 pips
  • Pro Account –from 0.1 pips
  • Raw Spread Account –from 0.0 pips

Raw Spread Account holders need to pay a certain commission. JustForex has set a flat rate for broker fees to facilitate the trade. 3 units of your chosen base currency need to be paid as a commission.

Swap fees or overnight fees are debited or credited according to the chosen financial instrument. The fee also depends on whether the trader has a short or long position. The position size of the financial instrument helps in determining the overnight fee.

JustForex also offers an Islamic account for Muslim traders. According to Sharia Law, they are exempted from paying or earning interest.

Deposit and Withdrawal

The payment system of the retail Forex broker that allows you to deposit and withdraw funds includes:

  • Skrill
  • Neteller
  • Visa
  • MasterCard

You may also make crypto transactions, and the acceptable currencies are Litecoin, Dogecoin, BUSD, and BTC. The minimum amount that you can withdraw varies with the chosen payment mode.

For MasterCard and Visa users, it is $5. On the other hand, it is $1 for Neteller and Skrill users. Similarly, there are different withdrawal limits set by cryptocurrency users.

Traders have claimed that the trading platform processes withdrawal requests very quickly. It is only 1 to 2 hours on the weekdays.

The retail Forex broker charges only 1% if you make a crypto deposit. However, it does not charge fees for withdrawal.

How To Open a JustForex Account – Step-by-Step Guide

#1. Go to the site for registration

Visit the site for Back Office registration. After providing the basic registration details, you will be able to access the Back Office. You can now open your first trading account.

#2. Choose My Accounts

You have to open the menu ‘Account Operations’ where the My Accounts option is available.

#3. Create New Account

Go to the Trading Account page, where you will find the Live option. Then, hit the option- Open New Account.

#4. Provide personal information

Now, you need to enter details in the given fields. But, if you have already provided the information before, you can avoid this step now.

#5. Select the Account type

As there are various account types, you have to select the right one. To create a live account, you need to click the option- Open Real Account.

#6. Set the password

In this step, you need to determine the base currency, enter a strong password, and mention leverage. Click the button- Create Account.

JustForex Affiliate Program

JustForex provides you with additional earning opportunities by launching the Partner Program. As an affiliate, you need to look for potential clients of the broker. Whenever a client engages in trading activities, you will get 65% of the order.

You will also be able to get in touch with an affiliate manager and have a lifetime revenue share. The multi-level affiliate program enables you to get more rewards.

The one-time reward value for every client attracted is USD 1500. Besides consulting with the affiliate manager, you will get access to various marketing tools.

Introducer Broker is a franchise program intended for all institutions and brokers who have portfolios. Affiliates who use this partner model will get a part of the commission gained by JustForex. The revenue percentage is available as commission charges or separate spread charges.

If you want to become a JustForex sub-broker, you have to fulfill some eligibility criteria.

  • Minimum age limit- 26 years
  • At least 1 to 3-year experience
  • A licensed investment advisor (those who have businesses in the relevant industry can also apply as a sub-broker)

JustForex Customer Support

The trading platform lets you connect with its team in different ways. To get an instant response, you can use the live chat. You can rely on phone communication if you like to interact with the team directly. Like other trading platforms, JustForex also provides an email to receive your queries and solve them efficiently.

Even the customer success manager is found responsible, as he responds to the customers who have left reviews on different sites.

Advantages and Disadvantages of JustForex Customer Support

Advantages Disadvantages
  • 24/7 customer service
  • Highly attentive and dedicated customer representatives
  • Can solve different types of technical problems
  • Faster response from knowledgeable professionals
  • Sometimes it takes time to get a response

JustForex Vs. Other Brokers

Let us compare JustForex with other similar broker platforms.

#1. JustForex vs. Avatrade

AvaTrade is an Ireland-based company that helps you trade indices, stocks, currency pairs, cryptocurrencies, and securities. It offers 250+ tools to traders. While JustForex is regulated by FSA SVG, AvaTrade is regulated by FSCA and some other regulators. The minimum deposit for AvaTrade traders is $100. But, for JustForex traders, it is only $1.

The trading platforms offered by AvaTrade are MT4, MT5, AvaOptions, and AvaTradeGo. On the other hand, JustForex traders can use mobile platforms, MT5, MT4, and WebTrader. Spreads for AvaTrade start from 0.9 pips, whereas spreads for JustForex start from 1.4 pips.

Both these brokers provide you with a newsfeed, fundamental data, and chart analysis. Besides, a demo trading account can be opened by AvaTrade and JustForex traders. Another similarity is the presence of an Affiliate Program by both these brokers.

#2. JustForex vs Roboforex

There is no difference in the minimum deposit limit set by the brokers. However, you can find a major difference in the number of financial instruments available to traders. JustForex traders can trade more than 151 instruments. But, Roboforex traders can trade up to 100 instruments.

JustForex lets traders do Social trading, Forex trading, and Share Dealing. On the contrary, RoboForex enables traders to trade Forex and CFDs. But, to trade US stocks, you need to sign up with Roboforex. For margin trading, you can rely on JustMarkets. It is not available to Roboforex traders.

The welcome deposit bonus offered by Roboforex is $30. JustForex also offers a $30 welcome bonus and a 120% deposit bonus. So, you can compare JustForex and Roboforex trading platforms to sign up with the better one.

#3. JustForex vs. FX Choice

JustForex traders can start trading with a minimum deposit of $1. FX Choice traders need to deposit at least $100 to involve in trading activities. While there are 65 Forex pairs for JustForex traders, FX Choice provides 91 Forex pairs.

The FX Choice traders can find leverage up to 1:200. In the case of JustForex, it is 1:3000. Hedging and scalping are available to both brokers. You can find similarities in the funding methods of FX Choice and JustForex.

FX Choice holds 3 Tier 1 licenses, and it has no Tier 2 licenses. JustForex does not hold any Tier 1. It has one Tier 2 license. Still, both these traders are reliable for traders.

JustForex Pros and Cons

  • Automated trading opportunities
  • Help with mobile trading
  • Cent account for low-risk trading
  • Negative balance protection
  • Several educational materials and trading tools
  • Cryptocurrency trading options
  • Demo account available with low spreads
  • Allow hedging to reduce risks
  • The regulator does not consider the claim of Forex traders engaged in low-volume trading

To say simply, the company has provided a user-friendly interface that helps you to evaluate various offers. The trading platform lets you apply various trading strategies.

You will also be able to check the latest market news, find trading conditions, and use educational materials. The availability of both demo and real trading accounts is another advantage. You will also find a swap-free option with these real accounts.

Choose Asia Forex Mentor for Your Forex Trading Success

If you have a keen interest in establishing a successful career in forex trading and aspire to achieve substantial financial gains, Asia Forex Mentor stands as the optimal choice for the best forex, stock, and crypto trading course. Ezekiel Chew, renowned as the visionary behind trading institutions and banks, is the driving force behind Asia Forex Mentor. On a personal note, Ezekiel consistently achieves seven-figure trades, a distinction that truly sets him apart from other educators in the field. Here are the compelling reasons that underpin our recommendation:

Comprehensive Curriculum: Asia Forex Mentor offers an all-encompassing educational program that covers stock, crypto, and forex trading. This well-structured curriculum equips aspiring traders with the knowledge and skills necessary to excel in these diverse markets.

Proven Track Record: The credibility of Asia Forex Mentor is firmly established through its impressive track record of producing consistently profitable traders across various market sectors. This achievement serves as a testament to the effectiveness of their training methodologies and mentorship.

Expert Mentors: At Asia Forex Mentor, students benefit from the guidance and insights of experienced mentors who have demonstrated remarkable success in stock, crypto, and forex trading. These mentors provide personalized support, enabling students to navigate the intricacies of each market with confidence.

Supportive Community: Joining Asia Forex Mentor brings access to a supportive community of like-minded traders pursuing success in the stock, crypto, and forex markets. This community fosters collaboration, idea-sharing, and peer learning, enhancing the overall learning experience.

Emphasis on Discipline and Psychology: Success in trading necessitates a strong mindset and disciplined approach. Asia Forex Mentor provides crucial psychological training to help traders manage emotions, handle stress, and make rational decisions during trading.

Constant Updates and Resources: The financial markets are dynamic, and Asia Forex Mentor ensures that students remain up-to-date with the latest trends, strategies, and market insights. Continuous access to valuable resources keeps traders ahead of the curve.

Success Stories: Asia Forex Mentor takes pride in a multitude of success stories where students have transformed their trading careers and achieved financial independence through their comprehensive forex, stock, and crypto trading education.

In summary, Asia Forex Mentor emerges as the premier choice for those seeking the best forex, stock, and crypto trading course to carve a rewarding career and achieve financial prosperity. Through its comprehensive curriculum, experienced mentors, practical approach, and supportive community, Asia Forex Mentor provides the necessary tools and guidance to mold aspiring traders into accomplished professionals across diverse financial markets.





#1 Forex, Crypto and Stocks trading course. Ranked most comprehensive by Investopedia and Best by Benzinga. Free to Try!

Conclusion: JustForex Review

JustForex is a well-known company for Forex traders. From the research we gathered, JustForex allows retail traders to open different trading accounts. Our experts have also found dedicated customer service from the JustForex team.

In this review, we have compared the broker with other trading platforms. However, low commissions, deep liquidity, and competitive trades have made JustForex different from other brokers. Though there are no strict regulations from financial authorities, JustForex is a safe choice.

JustForex Review FAQs

Is JustForex a Safe broker choice?

JustForex is a safe and legitimate broker’s platform that is operating its business legally. It also holds some licenses in the trading world, and thus, traders can continue using the platform without concerns.

There are segregated bank accounts to segregate to hold funds that you add to your JustForex account. Besides, Financial Services Authority is responsible for regulating the broker’s platform. So, JustForex is undoubtedly a legitimate company.

What is the minimum deposit to trade with JustForex?

Depending on the JustForex account types, the minimum deposit to continue trading ranges from $1 to $100. So, it is a reasonable mount, and beginners can easily engage in Foreign Exchange market trading.

Can I practice Forex trading with JustForex?

Yes. You can practice Forex trading on JustForex. Both beginners and advanced traders can use the trial account to explore features, trading instruments, and other services provided by the retail Forex trader.

The demo or free account can be used for an indefinite period. However, if the account is inactive for over 90 days or the account balance is less than $1, it will get achieved.

Dumb Little Man Recommends - Top 3 Best Forex Brokers in 2023

Vanessa Richards

Vanessa is a mom of 3 lovely children and a software geek. Outside of her career as a health and wellness instructor. She enjoys writing and researching on topics such as finance, software, health and culinary.

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