JustForex Review

JustForex has a lot to offer. They boast no minimum deposits for three of their accounts, extremely low and reasonable commissions, minimal tight spreads on trading pairs (as low as zero pips on one account type), the capability to utilize any trading strategies, and quick funds’ withdrawal. In this review, we will consider all of the product and service offerings that together contribute to this being a top-rated Forex trading firm and option to help you execute your own trading strategies.

Who Is Behind JustForex?

Like many Forex trading firms, JustForex is tight lipped about the individual or people behind the company. We can say that they are based in two unlikely spots in the Caribbean Sea— St. Vincent and the Grenadines and Belize. From these tropical climate operating centers, they claim to have earned the custom of clients hailing from over 197 nations. If this is true then JustForex stands among the leading brokers in the world for popularity and geographic distribution of members.

Despite this global popularity though, they do not accept either entities or residents from the United States as clients under any circumstances. Those extra-American nationals who are more fortunate can count on up to 3,000 to one in leverage on trades, obtaining tight spreads, and having access to all of the breaking market news and economic calendar announcements that JustForex so amply delivers.

What is JustForex? Is it a Scam?

In short: it is NOT a scam. JustForex has an impressive collection of stats that confirm more than just their legitimacy. These are enviable retention rates by anyone’s measure:

• Fully 85 percent of their clients remain with them indefinitely
• More than seven new accounts are opened at JustForex every minute
• An astounding 52 percent of their customers call their JustForex trading profits their primary income source
• Successful JustForex traders claim seven times greater average earnings than their upfront deposits
• A 70 percent of the company traders rely on the JustForex in house analytics for their underlying information they utilize to execute their trading strategies
• Their 3d clients average minimally one family member or friend as referrals to JustForex

What JustForex Is Not

JustForex is a Forex trading firm for its clients. They do not offer their own proprietary trading platforms, but instead rely on industry stalwart MetaTrader4 as a trading portal.  They do allow for robots or so-called advisers, but they do not supply them. This is common with most competing Forex trading outfits, including IQ Option and Plus500 as well.

What You Will Receive With JustForex

JustForex is big on account products and aggressively priced services for account holders. These include the following advantages when you choose them to be your Forex brokerage:

• Extremely aggressive spreads that start at even 0 pips on ECN Zero accounts
• 3,000 to 1 leverage on some account types
• A well-functioning mobile version of their MetaTrader4 trading platform
• Currency and precious metals pairings include more than 90 different financial instruments
• Incredible order execution starting at only .05 seconds, in normal market conditions the platform delivers execution in mere fractions of a second
• Strategies of all kinds allowed, including expert advisers, hedging, news trading, scalping, and more

Next we look at some of these products and features in more detail.

JustForex MetaTrader 4 Platform

The trading platform is a critical part of any Forex firm. JustForex utilizes MetaQuotes’ MetaTrader 4. Released back in 2005, MT4 remains among the top-rated and -utilized platforms for trading Forex. Even newer trading platforms have not succeeded in overthrowing its following.

MT4 boasts a helpful and consistently strong interface. It allows you to open, manage, and monitor your positions and trading accounts. The platform easily supports trading tools, expert advisers, and indicators of real-time analysis of markets. You can even design and develop your own proprietary instruments to share with others who are trading. MetaTrader 4 also has a strong and stable phone app you can utilize to keep on top of your JustForex account trades while you are away from your home computer screen.

JustForex Analytics

Analytics are a strong feature from JustForex. They showcase all of the following offerings with the service:

• Daily Forecast – includes technical analysis and a daily forecast on the major currency pairs
• Market Overview – covers key events, indices, and quotes in a daily preview
• Economics Calendar – the calendar online is interactive, with the feature covering all major economic releases and events that impact trading the currency markets
• Technical Analysis – concentrates on forecasting  the various trading instruments and chart patterns to help you with your trading strategies

JustForex Educational Materials

JustForex features a heavy emphasis on education as with rival Forex Gurus like Toshko Raychev. They offer each of these four educational tools to their members:

1. Forex Glossary
2. Forex Articles
3. Forex Videos
4. Listing of world currencies

In their world currencies’ listing they give some interesting facts about the top few Forex pairs. The U.S. dollar remains the top trading instrument at 88 percent while the euro (EUR) is still second at 31 percent of all Forex trades. The currencies rounding out the top five include the British pound sterling (GBP), Australian dollar (AUD), and Canadian dollar (CAD). This kind of added information is helpful for people just getting started trading the exciting world of foreign exchange, and we like that they provide it.

JustForex Members’ Website and Customer Support

Technical and customer support is crucial with the almost non-stop trading environment of Forex. JustForex does not skimp in this important component. They offer English language support 24 hours per day, seven days per week, and also provide Indonesian language support from 7 am to 11 pm Mon-Fri and Malaysian language support from 8 am to 12 am Mon-Fri.

Besides these international phone numbers and access to help on the telephone, they also offer email, callbacks, and live chat. For customers in countries where they do not have an inexpensive way to phone in for customer support, the company supports messengers including Skype, Whatsapp, Viber, Telegram, Messenger, and Line. All of this combines to give them one of the most exhaustive customer support departments we have seen in the Forex and stock trading businesses anywhere.

How JustForex Works

JustForex is straight forward and involves minimal hassle to get started as a new trading client. It is a matter of following these steps below.

Choose an Account Type

JustForex offers several different types of accounts:

• Demo Account – demo accounts are a crucial help for new traders to train and practice their trading strategies. They provide a level of experience and confidence as well as the ability to practice using the MetaTrader 4 platform. Trading the demo account is exactly like using live trading with real money. Charts depict the actual scenarios in the Forex markets. Virtual money replaces real money in this account. Demo account earnings reflect actual profits or losses that would have been made in identical trading conditions with live accounts.
• Cent Account – these real money accounts have no minimum deposit amount and offer 1,000 to one leverage. They are popular because they allow you a fantastic opportunity to trade with real money in tiny amounts. This enables you to practice risk management and to perfect money management skills. It also give you the capability of testing out the Forex advisers and experiencing real trading emotions that you will have to master to be successful, albeit with far less money at risk.
• Mini Account – for those who want to trade more significantly, this $0 minimum account offers 3,000 to 1 leverage and permits you to trade with any sum of money. JustForex enables a wider range of trading instruments with this account and also allows for deposit bonuses. You trade standard Forex lots, so this is a real, full trading account for novice traders and others who only have a smaller trading capital available.
• Standard Account – with a $100 minimum deposit, this account also offers 3,000 to 1 leverage.
• ECN Zero – for serious traders, this $500 minimum deposit account provides a smaller 500 to 1 leverage. It offers the best trading terms with zero pip spreads and the full range of tradable instruments. Scalpers find this to be the ideal account type at JustForex. ECN eliminates the intermediaries and connects traders directly to the Interbank rates and market.

Standard accounts are the most popular ones. They provide you with all needed options sets as well as the impressive 3,000 to 1 leverage found in the Mini Account while offering highly competitive spreads of a mere .1 pips with no commission costs. You can set take profit and stop loss orders while opening a position and after establishing it with these accounts. Standard accounts are ideal for trading within a single day using daily charts, and there are no restrictions for trading strategies with these Standard Accounts.

The firm also offers a true Islamic Account for those traders practicing the Islamic faith. As Shariah law outlaws any trading with swaps, the firm developed a few trading accounts that are swap-free to expand Forex trading to these traders. Swap free accounts allow the account holders to maintain their open positions indefinitely without any interest changing hands.

Fund Your New Account to Start Trading

Funding the account is necessary to start trading in all cases except for the demo account. JustForex allows account funding via a variety of means. These include the following:

• Bank Wire Transfer
• Visa and MasterCard Credit or Debit Cards
• Neteller
• Fasapay
• China Union Pay
• Perfect Money
• Qiwi Wallet

They also accept wire transfers from a variety of local Malaysian and Indonesian banks.

Sign Up for Bonuses to Increase Your Trading Power

The company also has bonus programs in place. As with all of these deposit bonuses that some options trading firms allow, there are many often-complex rules and restrictions. At JustForex, they offer 100 percent deposit bonuses on funds as high as $20,000 USD. All deposits that are at least $100 will be doubled. While profits can be withdrawn at any time (on bonus money), bonuses are only allowed to be withdrawn after all bonus rules are met. All methods of deposit are eligible to participate in the bonus program.

JustForex Trading Costs and Withdrawal Policies

Three out of four of the primary accounts with JustForex do not charge commissions. Account holders of the ECN Zero accounts do pay commissions, but they have 0 pip trading spreads in trade off. Spread amounts vary widely from one account type to the next.

On Cent and Mini Accounts they are .3 pips, on Standard Accounts these are .1 pips, and finally on ECN Zero accounts spreads are eliminated. JustForex does not provide details on how long withdrawals take to process. As they are cutting-edged technologically in so many ways, we do not expect it would take onerously long to pull out money that you deposited or profits made on bonus or real money.