JustMarkets: A Comprehensive Review
Are you in search of a reliable online trading platform? If yes, then JustMarkets might be the right choice for you. JustMarkets is a global financial services provider that offers a wide range of trading instruments such as forex, cryptocurrencies, indices, stocks, and commodities. In this comprehensive review, we will take an in-depth look at JustMarkets, including its features, trading conditions, and customer support, to help you make an informed decision.
Background
JustMarkets was established in 2016 and is registered and authorized by the Financial Services Authority (FSA) in St. Vincent and the Grenadines. The platform has grown to become a leading online trading platform with users located around the world. The company prides itself on its commitment to providing a secure and transparent trading environment for its clients.
Platform Interface
JustMarkets offers a user-friendly and intuitive trading platform that is designed to meet the needs of both novice and experienced traders. The platform is web-based, meaning you don't have to download any software or application to start trading. You can access the platform from any device with an internet connection, including desktop computers, laptops, tablets, and smartphones.
The platform's interface is sleek, well-organized, and easy to navigate. It has an uncluttered layout with all the necessary trading tools and features readily accessible from the main menu. The platform supports multiple languages, including English, Spanish, Portuguese, Russian, and Chinese, making it accessible to traders from different parts of the world.
Trading Conditions
JustMarkets offers a wide range of trading instruments, including forex, cryptocurrencies, indices, stocks, and commodities. The platform provides traders with access to over 150 trading instruments, making it an excellent choice for traders who prefer diversifying their trading portfolios.
Forex Trading
JustMarkets offers forex trading with competitive spreads starting from 0.1 pips on major currency pairs such as EUR/USD, USD/JPY, GBP/USD, and USD/CHF. The platform provides traders with access to a wide range of forex trading tools and features, including technical analysis tools, real-time news feeds, and economic calendars, to help traders make informed trading decisions.
Cryptocurrency Trading
Cryptocurrency trading is one of the most popular trading instruments offered by JustMarkets. The platform provides traders with access to major cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash. JustMarkets offers cryptocurrency trading with competitive spreads, low margin requirements, and high leverage up to 1:1000.
Stocks Trading
JustMarkets offers traders access to over 1000 stocks from major global stock exchanges, including the New York Stock Exchange (NYSE), NASDAQ, London Stock Exchange (LSE), and Hong Kong Stock Exchange (HKEX). The platform offers stock trading with competitive spreads, low margin requirements, and high leverage up to 1:20.
Commodities Trading
JustMarkets provides traders with access to a wide range of commodities such as gold, silver, oil, and natural gas. The platform offers competitive spreads, low margin requirements, and high leverage up to 1:100.
Indices Trading
JustMarkets offers traders access to a wide range of indices from major global stock exchanges such as the S&P 500, FTSE 100, and Nikkei 225. The platform offers index trading with competitive spreads, low margin requirements, and high leverage up to 1:20.
Account Types
JustMarkets offers four different account types to cater to the needs of different traders. The account types are:
Standard Account
The standard account is the most basic account type offered by JustMarkets. It is suitable for novice traders who are start trading.
Account Types and Trading Conditions
JustMarkets offers a variety of account types to cater to the needs of different traders. There are five account types: Mini, Standard, Gold, Platinum, and VIP. Each account type has its own minimum deposit requirement, spreads, and commissions.
The Mini account is the most basic account and requires a minimum deposit of $100. It has fixed spreads starting from 2.5 pips and no commission fees. The Standard account requires a minimum deposit of $500 and has floating spreads starting from 1.5 pips and no commission fees.
The Gold account requires a minimum deposit of $5,000 and has floating spreads starting from 1 pip and commission fees of $7 per lot. The Platinum account requires a minimum deposit of $25,000 and has floating spreads starting from 0.7 pips and commission fees of $5 per lot.
The VIP account is the most advanced account and requires a minimum deposit of $100,000. It has floating spreads starting from 0.5 pips and commission fees of $3 per lot.
All account types offer leverage of up to 1:500 and allow trading in micro lots. JustMarkets also offers Islamic accounts that comply with Shariah law.
JustMarkets Trading Platforms
JustMarkets offers traders the choice of two trading platforms: the popular MetaTrader 4 (MT4) platform and the proprietary WebTrader platform.
MT4 is widely used by traders around the world and is known for its advanced charting capabilities, automated trading features, and customizable interface. It is available as a desktop application for Windows and Mac computers, as well as a mobile app for iOS and Android devices.
The WebTrader platform, on the other hand, is a web-based platform that can be accessed from any device with an internet connection and a web browser. It offers a user-friendly interface, real-time quotes, and a range of trading tools.
Both platforms allow traders to access JustMarkets' full range of trading instruments, including forex, metals, energies, and indices. They also support multiple order types, including market orders, limit orders, and stop-loss orders.
Education and Research
JustMarkets provides a range of educational resources and research tools to help traders improve their trading skills and make more informed trading decisions.
The broker's website features a comprehensive education section that includes articles on trading strategies, trading psychology, and risk management. There are also video tutorials, webinars, and eBooks available for traders to download.
In addition, JustMarkets offers traders access to a range of research tools, including daily market analysis, economic calendars, and trading signals. These resources are designed to help traders stay up-to-date with the latest market news and trends and identify potential trading opportunities.
Customer Support
JustMarkets offers customer support via live chat, email, and phone. The broker's website also features a comprehensive FAQ section that covers a range of topics, including account registration, deposits and withdrawals, and trading platforms.
The customer support team is available 24/5 to assist traders with any questions or issues they may have. JustMarkets prides itself on providing fast and efficient support, and the broker's customer service team is known for being friendly and helpful.
JustMarkets Deposit Bonus Rules
At JustMarkets, we want to offer our clients more trading options and enhance their trading experience. That's why we have created the Deposit Bonus program, which allows clients to receive up to 120% bonus on every deposit made.
Eligibility
To participate in the Deposit Bonus program, clients must have a Standard Cent, Pro, or Standard account. The bonus amount depends on the deposit amount made, with 50% bonus on every deposit up to $100 and more, 100% bonus on every deposit from $100 and more, and 120% bonus on every deposit from $500 and more. The promotion is available to all JustMarkets Clients (Traders and Partners) and runs from February 01, 2021 (00:00 GMT+3) to June 30, 2023 (23:59 GMT+3) ("Promotion Time").
Payment Systems
Clients can make deposits using any available payment system offered by JustMarkets. For more information on available payment systems, please visit our page.
Receiving the Bonus
To receive the bonus, clients need to mark "Get a Deposit Bonus" in the deposit form of Back Office, read and accept "Deposit Bonus rules," and click the "Deposit" button. However, internal transfers between the client's accounts are not eligible for the bonus.
Trading Requirements
Bonus funds are credited to the trading account in the "Credit" field and can be used as additional margin for trading. To transfer the bonus funds from the "Credit" field to the "Balance" field and make them available for withdrawal or further trading, clients must conduct trading operations in the total volume of:
< Number of Lots > = < Bonus amount > / 2 for Standard Cent, Pro, Standard accounts
The value of a lot in this formula is defined as "the volume equal to $100,000." For example, a client who deposited $500 and received a $600 bonus must trade 300 lots first - which means $30,000,000 of the trading volume.
Suppose the client has currently traded 2 lots of USD/CHF and 2 lots of USD/JPY, which means $400,000 of the trading volume or 4 lots. The client has also traded 8 lots of EUR/USD at 1.11000, which means $888,000 of the trading volume or 8.88 lots. The client has also traded 100 lots of Ford stock worth $870 or 0.0087 lots.
We believe our Deposit Bonus program can help our clients maximize their trading potential and reach their trading goals. Therefore, we do not have any restrictions on the number of deposits or the total amount of bonuses that clients can obtain. We encourage our clients to take advantage of this opportunity to enhance their trading experience.
Conclusion
JustMarkets is a reputable online broker that offers traders access to a wide range of trading instruments and competitive trading conditions. The broker's user-friendly trading platforms, comprehensive educational resources, and research tools make it a good choice for both novice and experienced traders.
With a variety of account types to choose from and multiple payment options available, JustMarkets is a broker that caters to the needs of traders around the world. Its commitment to providing fast and efficient customer support also sets it apart from other brokers in the industry.