JustForex, JustForex Broker in Nigeria

JustForex Review

JustForex, established in 2012, is an online forex trading brand that is owned and managed by a holding company called IPCTrade Inc. The company is based in Belize and is regulated by the International Financial Services Commission under the IFSC license number IFSC/60/241/TS/16. Although JustForex is a newly established broker, it has over the few short years gathered a loyal following of traders. This can be attributed to the superb trading conditions which JustForex has been able to offer its traders. The broker has a wide selection of trading accounts for its traders to choose from based on their specific trading needs. The available choices include Cent accounts, Standard accounts, Mini accounts and ECN Zero accounts. In addition, spreads are tight and the leverage offered by JustForex is as high as 1:3000.

JustForex strongly believes that the key to the company’s success will depend on its key staff, the people who will be in the front line as well as building long-term relationships with the clients. Hence JustForex has gone through tremendous efforts to ensure that there is a team of professionals on hand to assist traders whenever they require assistance. Being a successful trader entails having many things to worry about. By supporting their traders with dedication, JustForex hopes to give its traders the opportunity not to be distracted while focusing on their trading activities.

JustForex Reliability – Is JustForex a scam?

Due to JustForex’s relatively young age, it is understandable that traders might want to question the reliability of this broker. Fortunately JustForex understand these anxieties and have made efforts to soothe their fears.

Foremost of all, JustForex has ensured that it is a regulated broker by voluntarily submitting themselves for regulatory oversight with the Belize International Financial Services Commission (IFSC). By following international standards and legislations, JustForex’s clients can rest assured that their funds and personal data are kept securely and confidential. Apart for having proper regulatory oversight, JustForex also uses the latest technology and standards in web protection. For example with the PCI DSS security standard, data is not only protected from unauthorized access while it is being transferred between JustForex’s servers and the client’s computer but also encrypted in storage as well.

JustForex Trading Platforms

To ensure that traders can get the best of out their trading conditions, JustForex has provided their clients with the industry proven MetaTrader 4 (MT4) trading platform developed by the MetaQuotes Software Corp. There 4 different versions of the MT4 trading platforms for traders to choose from:

MetaTrader 4 Desktop

The MT4 Desktop is the embodiment of the “all in one” trading concept. Approximately 80% of the world’s forex traders utilize the MT4 desktop platform. User friendly, the main advantages of the MT4 desktop include:

  • Ability to trade directly from the chart
  • Ability to trade with a wide range of instruments and financial markets
  • Customizable with MQL 4 programming language
  • Efficient Execution of trading orders
  • Real time update of market news
  • Support Internal email
  • Support multiple time frames
  • Support one click trading
  • Support printing of charts
  • Supports a variety of trade orders such as pending orders and trailing stops
  • Supports Automated Trading with Expert Advisors (EAs)
  • Wide selection of Technical Indicators

JustForex WebTrader

A browser version of the MT4 desktop, JustForex was one of the first few brokers that introduced the WebTrader to the online trading community. Designed to be user friendly, the WebTrader is ideal for beginner traders due to its simplicity. However, experienced traders will also appreciate the mobility which the WebTrader is able to provide. Other benefits of the WebTrader include:

  • 9 different timeframes
  • Ability to trade a wide range of financial instruments
  • Ability to view trading history
  • Browser compatible platform
  • Can trade straight from the chart
  • Features packed real time interactive charts
  • Market Execution of orders
  • No download and installation required
  • Offline mode support for charts
  • One Click Trading Supported
  • Real time quotes of asset prices
  • Support a variety of market orders

MetaTrader 4 iPhone

Given the popularity of mobile devices such as iPhones and iPads, it was only a matter of time traders before traders would want the convenience of trading the financial markets on their smartphones as well. With the MetaTrader iPhone trading app, JustForex’s traders can now also access their trading accounts and trade the market with an iOS device. Features of the MetaTrader iPhone include:

  • 30 different types of technical indicators
  • Access to a full-fledged forex trading platform
  • Full Mobility
  • Real time charts
  • Real time quotes

MetaTrader 4 Android

Similar to the MetaTrader iPhone, now android powered devices will also have the same kind of trading features and mobility provided by MetaTrader Android.

JustForex Account Types

There are 4 different types of trading accounts at JustForex. They include:

  • Cents Accounts

1:1000 Leverage

34 forex pairs + 2 metals

5 decimal quotes

Commission Free

Floating spreads from 0.3 pip

Trades denoted in U.S cents denomination

  • Mini Accounts

57 forex pairs + 2 metals

5 decimal quotes

Commission Free

Demo A/C available

Floating spreads from 0.3 pip

1:3000 Leverage

  • Standard Accounts

1:3000 Leverage

5 decimal quotes

57 forex pairs + 2 metals

Commission Free

Demo A/C

Floating spreads from 0.1 pip

  • ECN Zero Accounts

Interbank Spreads from 0 pip

1:500 leverage

Low Commission

5 decimal quotes

Demo A/C

84 forex pairs + 3 metals

Opening an Account

To open an account at JustForex, you need to first fill up the registration form.

After submitting you registration, you will be directed to the “first account opening” page as shown below. Follow the steps indicate below to complete the account opening stage.

Step 1: Tick the “I am a Trader” box.

Step 2: Define your role. Once you have defined your role, you will be automatically directed to a new page.

Step 3: On the “Open First Account” page, select the (#2) account type.

Step 4: Specify the (#3) leverage ratio that you want to trade with.

Step 5 & Step 6: Set and confirm your password.

Step 7: Click (#6) the “Open account” to create your account.

JustForex Commissions & Spreads

JustForex offer their traders competitive floating spreads. The spreads that are applicable depend on the type of trading account that the trader is trading from. In addition with the exception of the ECN account, all trades made from Cents, Classic and NDD accounts are commission free. For ECN accounts, a small commission of $2.5 per lot is applicable.  The following table shows the average spreads imposed by JustForex on 10 of the most popular instruments.

Instrument Average Spreads (Cents, Mini, Standard & ECN Zero)
EUR/USD 0.3-1.1, 0.3-1.1, 0.1-1.1, & 0-0.2
EUR/GBP 0.4 – 1.8, 0.4 – 1.8, 0.3 – 1.8 & 0 – 0.5
USD/JPY 0.3 – 1.7, 0.3 – 1.7, 0.2 – 1.7 & 0 – 0.4
GBP/USD 0.3 – 1.3, 0.3 – 1.3, 0.1 – 1.3 & 0 – 0.5
USD/CHF 0.4 – 1.9, 0.4 – 1.9, 0.3 – 1.9 & 0 – 0.5
EUR/CHF 1.8, 1.8, 1.8 & 0.3 – 0.7
EUR/JPY 1.2, 1.2, 0.8 – 1.2 & 0 – 0.6
XAU/USD (Gold) 0.6 – 3.7, 0.6 – 3.7, 0.5 – 3.7 & 1.1
XAG/USD (Silver) 4.2, 4.2, 4.2 & 0.8
USD/CAD 0.4 – 2.1, 0.4 – 2.1, 0.3 – 2.1 & 0 – 0.5

JustForex Deposits & Withdrawals Options

To make online forex trading truly affordable for everyone, JustForex doesn’t impose a minimum deposit requirement on their trading accounts. A trader can begin trading with any amount that he feels comfortable with. Transfer of funds at JustForex is also convenient with the multiple methods of fund transfer supported by JustForex. These various methods include the following:

  • Bank Wire Transfer
  • China Union Pay
  • DixiPay
  • Epayments
  • FasaPay
  • International credit cards such as VISA and MasterCard
  • Local Bank Deposits
  • NETELLER
    MoneyGram
  • Perfect Money
  • QIWI
  • Skrill
  • WebMoney
  • Western Union
  • Yandex

The above methods are applicable for both deposits and withdrawals. In addition, JustForex has also provided traders with the option of transferring funds with the JustForex Prepaid MasterCard. With this card, all fund transfers are expedited. The typical processing time for a withdrawal request at JustForex is around 2 hours. However, it can take as long as 7 days before the funds show up in the trader’s bank account.

JustForex Bonus & Promotions

As for the bonus offers at JustForex, currently there is just one bonus offer that is available, the “Double Benefit Bonus”. To take advantage of the bonus offer all that is required is for the trader to place a minimum deposit of $100 into the Mini account (also Classic and NDD accounts for old clients) and 200$ into the Standard one and select the “Get a Bonus on Deposit” option in the deposit form. Then, decide on the bonus level as they are available as 10%, 25%, 50%, 75% and 100%. Upon making the deposit, the trader’s trading account will be credited with the bonus amount. While the profits earned on trading the bonus can be withdrawn at anytime, the bonus itself can only be withdrawn after the minimum trading volume requirement is met. The calculation for the minimum trading volume requirement is as follows:

  • < Number of Lots > = < Bonus amount > / 4 for Classic, Mini, Standard accounts
  • < Number of Lots > = < Bonus amount > / 3 for NDD accounts

JustForex Customer Support

For the customer support at JustForex, the support services are available on a 24/7 basis. Traders can contact customer support through email, live chat, call back requests and on blackberry messenger. The website is also translated in a dozen different languages for the benefit of non English speaking traders. For Malaysian and Indonesian based traders, localized support is available.

Pros

  • 27/7 Customer Support
  • Localized Telephone Support Available
  • MetaTrader 4 Platform Provided
  • Multiple choices of trading accounts
  • No Minimum Deposit Requirement

Cons

  • Limited regions with Localized support
  • Only MetaTrader 4 Based trading Platform available
  • Only Regulated by IFSC
  • Poor Website Layout

JustForex Q&A

  • Is JustForex regulated?

Yes. JustForex is regulated by the Belize regulator, the IFSC

  • How safe is JustForex?

JustForex uses the latest technology and complies with international standards with regards to their web security.

  • Where is JustForex based?

JustForex is based in Belize.

  • How does JustForex make money?

JustForex charges traders a small commission and slightly widened spread on any trades conducted.

  • How to deposit in JustForex account?

Deposit can be made through local bank deposit, bank wire transfer, credit cards and through a variety of eWallets.

  • How to withdraw money from JustForex?

Withdrawal can be made through the in-house prepaid MasterCard, bank wire transfer, credit cards and eWallets.

  • How to open an account with JustForex?

Fill out the registration form and follow the instructions on the account opening page.

  • Is JustForex reliable?

Yes. JustForex follows international standards with regards to the handling of their clients’ money.

  • Does JustForex use Metatrader?

Yes. JustForex uses the MetaTrader 4 trading platform.

  • What is JustForex’s leverage?

Maximum leverage at JustForex is 1:3000.

Conclusion

JustForex is great broker for both beginner and experienced traders. Their “No Minimum Deposit” policy ensures that everyone can afford to open a live trading account at JustForex. In addition, their flexibility in allowing scalping makes JustForex an excellent choice for experienced day traders.

JustForexOverview

Company Information

BROKER DETAILS INFO
Regulated by IFSC
Headquarters Country Latvia
Foundation Year 2012
Publicly Traded No
Number Of Employees 200

Deposit Options

Credit Card, Neteller, PayPal, QIWI, Skrill

Withdrawal Options

Credit Card, Neteller, PayPal, QIWI, Skrill

Contact Information

Trading Account Options

ACCOUNT TYPE INFO
Min. Deposit $0
Max. Leverage 1:3000
Mini Account Yes
Demo Account Yes
Premium Account No
Segregated Account No
Islamic Account Yes
Managed Account No

JustForex Trading Features

Suitable For

TRADER LEVEL YES/NO
Beginners Yes
Professionals Yes
Scalping Yes
Day Trading Yes
Weekly Trading Yes
Swing Trading Yes
Social Trading Yes

Customer Service

TIME YES/NO
24 Hours Support Yes
Support During Weekends Yes

Customer Support Languages

Trading Services

SERVICE INFO
Supported Trading Platforms MT4
Fixed Spreads Yes
Educational Service Yes
Guaranteed Stop Loss Yes
Guaranteed Limit Orders Yes
Guaranteed Fills/Liquidity Yes
OCO Orders Yes
Hedging Yes
Trailing SP/TP Yes
Automated Trading Yes
Has VPS Services Yes
Cryptocurrency Coins Yes

Supported Instruments

INSTRUMENT TYPE YES/NO
Currencies Yes
Commodities No
CFDs No
Indices No
ETFs No
Stocks No
Bonds No
Cryptocurrencies Yes

JustForexPromotions

PROMOTION INFO OFFICIAL SITE
Double Benefit Bonus

JustForex Offers 100% Deposit Bonus on Classic, NDD, mini and Standard Trading Accounts. Deposit At Least 100 USD And Double This Sum For Your Trading. Profits Earned On The Bonus Funds Are Available For Withdrawal Anytime. Moreover, The Bonus Won’t Be Cancelled After The Withdrawal Of The Profits! The Total Amount Of The Bonus Which Every Client Can Receive Is Up To 20,000 USD! JustForex Bonus Can Be Used As Additional Margin While Trading. It Can Also Become Available For Withdrawal After The Conditions Described In The Bonus Rules Are Fulfilled.

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