JustMarkets (EU) Review 2024

What is JustMarkets (EU)?

JustMarkets (EU) is a regulated broker based in Cyprus, servicing the broader EU market. It offers a comprehensive selection of trading instruments with tight spreads, two account types, Pro and Raw Spread, and one of the most powerful platforms on the market today – MetaTrader5. JustMarkets provides a range of currency pairs, precious metals for traders who want to earn on different markets. It offers different types of accounts: Standard Cent, Standard, Pro, Raw Spread. The broker allows numerous strategies including using expert advisors, intraday trading, hedging, scalping, etc. JustMarkets offers low floating spreads on all types of accounts, spreads from 0 pips on Raw Spread accounts. It provides an opportunity to choose convenient leverage from 1:1 to 1:3000. Order execution takes only fractions of a second during normal conditions on the market. JustMarkets also offers promotions and bonuses. For instance, it offers a $30 bonus to start your trading journey and a 120% deposit bonus with no limits on the bonus you can get. It also has a new partner loyalty program where high-end luxury cars, international vacations, cash prizes up to $200,000, and more are in store. JustMarkets has received positive reviews from users. Users have praised the broker for its low spreads, easy and fast deposits/withdrawals, excellent support, and no delay. Users have also appreciated the broker’s prompt response and great services. However, it’s important to note that trading with JustMarkets involves risks. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.86% of retail investor accounts lose money when trading CFDs with this provider. Therefore, traders should consider whether they understand how CFDs work and whether they can afford to take the high risk of losing their money.

What is the Review Rating of JustMarkets (EU)?

What are the Pros of JustMarkets (EU)?

JustMarkets (EU), formerly known as JustForex, is a reputable forex broker with several advantages that make it an attractive choice for traders. Here are some of the key benefits:. 1. Comprehensive Selection of Trading Instruments: JustMarkets offers a wide range of trading instruments, including 69 major, minor, and exotic currency pairs, as well as numerous CFDs on gold, silver, world indices, West Texas Intermediate Crude Oil and Brent, natural gas, and stocks. 2. Advanced Trading Platforms: Traders have access to the MetaTrader4 and MetaTrader5 platforms, which are among the most powerful and widely used in the forex industry. These platforms support algorithmic trading and offer a host of features, including advanced charting tools and a multitude of technical indicators. 3. Support for Various Trading Strategies: JustMarkets allows traders to employ any trading strategy they prefer, including the use of Expert Advisors, news trading, hedging, and scalping. This flexibility can be particularly appealing to experienced traders who have developed their own unique trading strategies. 4. Competitive Trading Conditions: JustMarkets offers deep liquidity, tight spreads, high leverage, and fast order execution. The broker also provides two account types, Pro and Raw Spread, both of which are available with a swap-free option. 5. Low Minimum Deposit Requirement: The minimum deposit requirement at JustMarkets is relatively low, making it accessible to traders with varying levels of capital. 6. Regulated by Reputable Authorities: JustMarkets is regulated by several reputable authorities, including the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Commission (FSC) of Mauritius, the Seychelles Financial Services Authority (FSA), and the Financial Sector Conduct Authority (FSCA) in South Africa. This regulatory oversight provides traders with an added layer of security and trust. 7. In-house Developed Copy Trading Service: JustMarkets offers an in-house developed copy trading service, which can be a valuable tool for both novice traders looking to learn from more experienced traders, and seasoned traders looking to diversify their trading. In conclusion, JustMarkets (EU) offers a comprehensive and competitive forex trading service that caters to the needs of a wide range of traders. However, as with any financial service, potential users should thoroughly analyze the pros and cons before opening an account.

What are the Cons of JustMarkets (EU)?

JustMarkets (EU), a well-known online brokerage company, offers a wide selection of financial goods and trading tools. However, like any other platform, it has its own set of drawbacks. Here are some of the cons associated with JustMarkets (EU):. Limited Trading Instruments: JustMarkets offers a relatively small selection of trading instruments. This limitation could restrict traders who wish to diversify their portfolio across a wide range of assets. Absence of PAMM Accounts: JustMarkets does not offer PAMM (Percentage Allocation Management Module) accounts. These accounts are popular among forex traders as they allow them to have their accounts managed by a trader appointed by them. Withdrawal Delays: Users have reported experiencing delays when attempting to withdraw their funds. Customer Support Response Time: Sometimes, it takes time to receive a response from the technical support. This could be problematic for traders who require immediate assistance. Few Passive Income Options: JustMarkets offers few options for generating passive income. Withdrawal Fees: Users may be charged fees when withdrawing their funds. Occasional Platform Difficulties: Users have reported occasional difficulties when working with the trading platform. Geographical Restrictions: JustMarkets does not accept traders from certain countries, including the United States. Risk of Loss: As with all CFD providers, trading with JustMarkets comes with a high risk of losing money rapidly due to leverage. It’s reported that 67.86% of retail investor accounts lose money when trading CFDs with this provider. Negative User Reviews: There have been instances of negative user experiences and reviews, including claims of lost funds. These points should be carefully considered by anyone thinking about trading with JustMarkets (EU). It’s always important to thoroughly research and consider the pros and cons of any trading platform before making a decision.

Is JustMarkets (EU) Regulated and who are the Regulators?

JustMarkets (EU) is indeed regulated. The group of companies under the JustMarkets umbrella is licensed by several regulatory bodies, providing a secure environment for trading activities. Seychelles Financial Services Authority (FSA): Just Global Markets Ltd., with registration number 8427198-1, is a Securities Dealer regulated by the Seychelles Financial Services Authority (FSA) under a Securities Dealer License number SD088. Cyprus Securities and Exchange Commission (CySEC): JustMarkets Ltd, with registration number HE 361312, is a Cyprus Investment Firm authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 401/21. Financial Sector Conduct Authority (FSCA): Just Global Markets (PTY) Ltd, with registration number 2020/263432/07, is authorized by the Financial Sector Conduct Authority (FSCA) in South Africa as a Financial Service Provider (FSP) with FSP number 51114. Financial Services Commission (FSC): Just Global Markets (MU) Limited, with registration number 194590, is an Investment Dealer (Full Service Dealer, Excluding Underwriting) regulated by the Financial Services Commission (FSC) in Mauritius under a License number GB22200881. These regulatory mandates ensure relatively good client protection measures. It’s important to note that the reliability of these regulators has increased considerably in recent years. They differ from each other in the complexity of licensing, the frequency of audits, as well as compensation schemes. This provides traders with peace of mind regarding the reliability of the companies licensed by these regulatory bodies. In the context of forex, these regulations provide a transparent and secure environment for traders to engage in forex trading activities with confidence and peace of mind.