JustForex is a global retail forex and CFDs brokerage. It was founded in 2012 and operates out of Saint Vincent and the Grenadines in the Caribbean. The customer-centric brokerage provides clients with access via two MetaTrader platforms to a wide range of currency pairs (80+), an array of cryptocurrencies and CFDs, namely silver, gold, other precious metals, oil, stock indexes and bond indexes.
The online brokerage is the brand name of JF Global Limited which is licensed and regulated by the Financial Services Authority (FCA) of St Vincent and the Grenadines government (SVGFSA#23993). JustForex is a legitimate online brokerage and regarded as safe to use by global clients. The forex broker stands out for its low spreads, superfast withdrawals and deposits with 0% fees and excellent customer support.
Fast facts about JustForex
Beachmont Kingstown, Saint Vincent and the Grenadines
JF Global Limited
Licensed and regulated
Financial Services Authority (FCA) of St Vincent and the Grenadines government (SVGFSA#23993)
Minimum trade size
From 1:1 to 3000:1
Low floating spreads on all types of accounts
Spreads from 0 pips on Raw Spread accounts
Minimum to open live
Forex: 80+ major currency pairs
Cryptocurrencies: 5+ major
Precious metal CFDs
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Standard Cent: minimum deposit 1 USD
Standard: minimum deposit 1 USD
Pro: minimum deposit 100 USD
Raw Spread: Minimum deposit 100 USD
Islamic account/ Swap free account
Yes, on all account types
News spike trading
Multi-account manager (MAM) accounts
Deposit and withdrawal methods
VISA, MasterCard, FasaPay, Local Bank Deposits, Neteller, PerfectMoney, Qiwi, Skrill and UnionPay
100% FTD bonus up to $100 (T&Cs apply)
Available in the USA
Yes, JustForex is a brand name of JF Global Limited which is regulated and operates under license by the Financial Services Authority (FCA) of Saint Vincent and the Grenadines government (SVGFSA#23993).
What is the SVGFSA
The FSA is responsible to the government of St Vincent and the Grenadines for the administration and enforcement of those enactments specified under its governing legislation. As part of its mandate, the FSA is charged with ensuring compliance with the FSA Act and other specified enactments, regulations or guidelines. It is also responsible for ensuring that each licensed financial entity is properly managed and remains financially sound. The FSA therefore has the powers to intervene into the affairs of a regulated entity for the purpose of protecting customers.
Is JustForex regulated in South Africa?
No, JustForex is not licensed and regulated in South Africa by the Financial Sector Conduct Authority (FSCA).
Is JustForex legit?
Yes, JustForex is a legitimate forex and CFDs broker and electronic trading platform. It is a brand name of JF Global Limited which is regulated under license to perform forex broker and multi-asset trading services by the Financial Services Authority (FCA) of Saint Vincent and the Grenadines government (SVGFSA#23993).
What guarantor of security does JustForex offer?
|Data transfer protection||Data transfer via an SSL security connection with encryption of information helps to prevent the interception of user data by a third party while working with the website, no matter where you are.|
|Protection for negative balance||JustForex protects clients by compensating them for losses that exceed the amount of funds on their trading accounts. This means that when a negative balance occurs in your account due to a sharp movement on the market, your account will be set to zero in order to protect you from unexpected losses.|
|International security standards||Internal procedures of JustForex are based on the PCI DSS security standard, which involves a complex approach to information security of the clients’ data.|
|Multi-level system of servers||Infrastructure – which consists of multiple servers – supports uninterrupted work of the system. A complex scheme of data backup helps to prevent loss of the clients’ information (personal data, history of commercial transactions, etc.) in any situation.|
|Data storage protection||Users’ data is protected not only while transferring between the company’s website and the browser but JustForex also provides an encryption of all stored information that helps to prevent unauthorised access to the data of our clients.|
|Segregated accounts||The funds of JustForex clients are held in segregated bank accounts, which means that JustForex’s own funds and funds of the clients are kept separated.|
|Liquidity of the biggest banks||Liquidity for JustForex is provided by 18 of the biggest world banks. Clients are offered best prices from these banks for the price float.|
|AML policy||JustForex is committed to the highest standards of the Anti-Money Laundering (AML) compliance and Anti-Terrorist Financing and requires management, employees and clients to follow the named standards.|
Is JustForex a good broker?
JustForex is rated as a good, reliable and trusted broker in terms of deposits and withdrawals, electronic trading platforms, spreads, research and customer support;. JustForex has been in business since 2012 and boasts over a million registered clients located across 197 countries.
In terms of withdrawals and deposits, JustForex offers superfast withdrawal and deposits via a wide range of payment methods. Withdrawals can take between 1 to 2 hours with a range of different fees depending on the method used. Deposits are fee-free and instant, although subject to minimum values.
In terms of trading platforms, JustForex offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms and access to markets via web-based and mobile trading. You can download the iOS and Android versions of the JustForex MT4 and MT5 platform from the Back Office.
|MetaTrader 4 MetaTrader is an electronic trading platform that was pioneered by the developers, MetaQuotes Software. The software company has released a number of versions since it started up in 2002 but hit the jackpot with a significantly enhanced version called MetaTrader 4 that it took to market in 2005. In 2010, MetaQuotes Software introduced the significantly re-coded MetaTrader 5. Today, MetaTrader 4 (MT4) is one of the most widely-used online trading platforms for retail foreign exchange (forex) speculative traders. MetaTrader 5 (MT5) is a more advanced trading platform and is growing in popularity as investors find value in its superior features.|
|MetaTrader 5 MT4 and MT5 both provide forex traders with an advanced automated trading system supplemented with advanced technical analysis features and expert advisors. MT4 was built almost entirely for forex trading, where MT5 functions to provide traders with access to CFDs, stock and futures. Bear in mind, MT5 is not an upgrade of MT4, it has its own function. MT4 is simpler to use and more suitable for investors who are new to trading in forex. MT5 is a more versatile trading platform with advance features and suitable for investors who are trading across a broader platform than forex.|
In terms of spreads, JustForex offers low spreads that are on par or below the industry average. Trading costs vary depending on the market being traded and the account type opened. Some accounts offer commission-free trading and some offer commission-based trading.
In terms of research, JustForex offers an impressive range of research tools. This includes up-to-date stock market analysis, forex technical analysis, market news, market overviews, daily forecasts and an Economic Calendar.
In terms of customer support, JustForex has a strong reputation for excellent customer service. The agents respond quickly and are helpful and knowledgeable. Complaints or problems are usually dealt with timeously and online reviews indicate the majority of clients were highly satisfied with the support they received. JustForex customer support is offered in English, Indonesian, Malaysian and Chinese 24-hours a day, 7-days a week through Live Chat, phone, email and messenger apps such as Telegram, WhatsApp and Skype.
What products does JustForex offer?
JustForex is a forex and CFDs brokerage. It offers access to a wide range of financial instruments, including:
- currency pairs (80+)
- cryptocurrencies (5+)
- precious metals and oil CFDs
- stock indexes
- bond indexes
Does JustForex offer social trading?
Yes, JustForex offers social trading.
Social trading is a service that allows investors to follow the trading strategy and copy trades of professionals, which are also known as signal providers. The list of signal providers can be found in a special rating. Traders choose them based on various criteria: trading period, maximum drawdowns, best trades, profit factor. Top-ranked signals are displayed first in the list.
Usually, the actions of experienced forex traders are used as a guide for beginners. It reduces the time spent on market research and analytics before trading forex. Social trading is useful for traders who have no time for training or making independent investment decisions.
Does JustForex have Nasdaq?
Yes, JustForex offers trading in the NASDAQ 100 technology stock index, accessible as CFDs.
The NASDAQ Composite Index is arguably the most significant large-cap growth index in the world. The Index comprises 100 mega companies – domestic and foreign – listed on the premier index, the NASDAQ, aka US_Tech100.
The NASDAQ Composite Index (US_Tech 100) has outperformed the S&P 500 index 10 times over in the past 12 years (as at March 2021). By the end of 2019, the market capitalisation of the NASDAQ was $9.8 trillion. By 2021, that figure had increased substantially.
What awards has JustForex received recently?
JustForex does not advertise which awards it has won in recent years.
How to open a JustForex trading account
JustForex offers a selection of accounts where are used as an instrument to trade on the currency and CFDs market and make a profit. You can open an online forex trading account with JustForex in minutes with a minimum deposit on live accounts. All you need is to register a Back Office, having provided your personal data for verification. Back Office is opened only once.
Back Office is used to open and manage trading accounts, fulfill balance operations such as deposits, withdrawals and internal transfers as well as analyse trading statistics. You can also open partner accounts (IB account) in the Back Office.
Follow THIS LINK to register as a JustForex trader.
How to open your first JustForex account
Step 1: Registration
Open the web-based or mobile JustForex site and follow the quick and easy steps to register and verify your account.
In the menu Profile, click the tab Verification
You will be directed to the verification main page where you will have to provide the following information:
- verified identity number
- residential address
- details of banking cards
On the page Identity verification:
- read the text to find out what documents to upload
- press the Upload new document button and find the relevant file on PC
- press the Upload button
Select Verify Now to confirm your identity.
After you have completed the JustForex registration and verification process, you will be automatically redirected to the page to open your first account and start trading with JustForex.
Step 2: Set up a new account
- Select First account opening and fill in the appropriate fields.
- Select I am a trader to open a new trading account.
- Select the type of trading account that suits your trading needs.
- Select the leverage you require (this can be changed in the Back Office).
- Set and confirm your main password.
- Familiarise yourself with the Client Agreement.
- Press Open account button to add funds.
Step 3: Add funds and start trading
Use the number of your trading account as a login to enter the MT4 or MT5 trading account.
Follow the link Deposit to add funds via the most convenient payment method.
To make a deposit:
- Open your Back Office
- Select Account Operations
- Select Deposit
- Follow the easy steps to deposit funds
Use your main password or investor password that was sent to your email address to execute trades and monitor trading activity on your account.
How to open additional JustForex trading accounts
You can create an unlimited amount of JustForex trading accounts via your Back Office.
- Select Open new account and indicate type of account required and leverage.
- Type in password when prompted.
- Follow the link Deposit to add funds via the most convenient payment method.
Note: Inactive accounts which have no funds or haven’t had trading and non-trading activities for more than 90 days will be moved to the archive without prior notice.
How to change leverage on your JustForex account
To change the leverage you originally selected for your new account, follow these easy steps:
- Log into your Back Office
- In the left menu box, choose My accounts and click Actions opposite the account for which you want to change the leverage
- Choose Change leverage in the drop-down list
- On the appeared page, indicate the desired leverage in the New Leverage line and click Change
Note: Before changing the leverage, make sure that there are no open orders on the account. If you have open orders, make sure that you have enough funds to support margin requirements.
Who can open a JustForex trading account?
You need to be 18 years and older to open a JustForex trading account.
To create a JustForex account, simply fill in the short registration form on the website and create a password. To verify your account, you will need to provide the following documents:
- Proof of identity
A valid government-issued ID (passport, ID card or driver’s license) that contains the following information; name, photo and date of birth (must match the information you registered your account with.
- Proof of address
A utility bill (electricity, water, gas, mobile or landline phone) containing your name, address and issued date; cannot be older than 6 months and must match the information you registered your account with.
What types of accounts does JustForex offer?
JustForex offers 6 different types of trading accounts plus an Islamic ‘swap-free’ account only for Muslim clients.
JustForex Standard account
- most popular JustForex account
- commission-free trading account
- $1 minimum deposit
- leverage up to 3000:1
- very tight spreads starting from just 0.3 pips
- swap-free account available for Muslim clients only
- used for trading on daily charts and non-aggressive trading within a day; any trading strategy can be chosen for this account without any restrictions
JustForex Pro account
- commission-free trading account with a $100 minimum deposit
- leverage up to 3000:1
- spreads starting from just 0.1 pips
- users can trade 65 forex pairs, 8 metals, 11 indices, 2 energies, 7 cryptocurrency pairs, 65 shares and 25 futures
The JustForex Pro account is designed for experienced and professional participants of financial markets. Traders can use any style of trading on Pro accounts. The Pro account is characterised by narrow spreads, high leverage, no commission fee and restrictions on the number of orders and volume of positions.
The main advantage of the JustForex Pro account is access to a wider range of trading instruments.
JustForex Raw Spread account
- commission-based trading account with a $500 minimum deposit
- leverage up to 3000:1
- spreads starting from 0 pips
- users can trade 84 forex pairs and 2 metals CFDs
The JustForex Raw Spread account is for market participants who prefer intraday, frequent inputs and outputs in combination with work on short timeframes. A Raw Spread account is the best account for scalpers; there is a commission for transactions but the spread is floating from 0 pips which is significantly lower in comparison with other retail forex brokers.
JustForex Standard Cent account
- commission-free with no minimum deposit
- leverage of up to 1000:1
- spreads starting from 0.3 pips
- users can 37 forex , 4 metals, 9 indices and 5 cryptocurrency pairs
The JustForex Standard Cent account is an excellent choice of account to improve your money management skills; and a perfect way to practice risk management. It’s also an opportunity to feel all the emotions of trading with real funds but with smaller risks and is a useful platform test the forex advisers using the social trading tool. The Standard Cent account also allows you more time to experience the service and trading conditions of JustForex.
JustForex Mini account
- commission-free with no minimum deposit
- leverage up to 3000:1
- spreads starting from 0.3 pips
- users can access 34 forex pairs and 2 metals
JustForex Demo account
JustForex clients can register and sign up for a free demo account which is instantly available to start trading virtual (fake) money. It gives clients access to the forex and CFDs market which can be traded in real time under real market conditions but with zero risk of losing real money on a forex trade order.
Once a client has spent time learning how to trade on a free demo account, they progress to opening a mini trading account that requires only a small amount of capital.
Islamic swap-free account
An Islamic trading account is also known as a ‘no swap account’ because the accounts charge no swap or rollover interest on positions held overnight in the forex market. Only an administration fee is charged on open positions.
Islamic trading accounts allow clients of Muslim faith to engage in online forex trading while conforming to Sharia Law.
After you’ve funded your Standard account, you can apply for an Islamic account. The request will then be forwarded to the relevant department for review and approval. Requests are usually processed within 1-2 business days.
How to deposit money into your JustForex account
JustForex offers a wide range of payment methods to enable clients to deposit funds into their accounts. These include credit or debit cards, bank wire, cryptocurrency and a variety of e-wallets.
Deposits are fee-free and instant but are subject to minimum and maximum deposit amounts.
|Visa Mastercard||EUR and USD||Minimum: 5 USD Maximum: 10 000 USD||0% fee|
|Skrill Neteller PerfectMoney Sticpay||Various||Minimum: 5 USD Maximum: –||0% fee|
|Bitcoin Bitcoin Cash Ethereum Gemini USD Coin||BTC BCH ETH GUSD USDC||Minimum: 5 USD Maximum: 2 900 USD||1% fee|
|Local banks, cards and mobile money||National currency||Refer to JustForex deposit and withdrawal webpage||0% fee|
|fasapay Doku wallet bitwallet||Various||Minimum: 5 USD Maximum: –||0% fee|
How to withdraw money from your JustForex account
For more information on withdrawal methods, fees and timing; visit the JustForex Deposits and Withdrawals page.
How many days do JustForex deposits and withdrawals take?
Deposits into a JustForex account are instant. The brokerage credits deposits done by credit card instantly and this is by far the most efficient way to deposit money into your account. If there is a delay, it will be on the side of the payment provider.
Withdrawals from a JustForex account can take between 1 to 2 hours. JustForex withdrawals are fee-free, except for your banks transaction charges.
How much are the deposit and withdrawal fees for JustForex?
There is no fee charged to deposit money into a JustForex account and no fee charged to withdraw funds from your account.
Your bank may charge a fee for funds deposited into your personal or business account.
There will also be a Blockchain fee for cryptocurrency transfers.
What are the trading fees of JustForex?
Trading costs with JustForex vary depending on the market being traded and the account type opened. The Standard, Pro, Cent and Mini account offer commission-free trading while the ECN Zero account is commission-based.
The commission fee for the JustForex Raw Spreads account is 3 units of the base currency per lot/side.
Does JustForex offer a trading bonus?
From time to time, JustForex offers a trading bonus and promotional offers to new and existing clients.
You can view the most recent JustForex promotions on their website.
JustForex 120% BONUS
Multiply your deposit with 120% bonus for better trading, up to 40 000 USD
Visit JustForex for Deposit Bonus Rules
How to claim your JustForex bonus
- Go to Deposit in the Back Office
- Mark the line Get a Bonus on Deposit in the deposit form
- Read and accept Deposit bonus rules
- Click the Deposit button
What is the minimum deposit for the different JustForex accounts?
|Standard account||1 USD|
|Standard Cent account||1 USD|
|Pro account||100 USD|
|Raw Spread account||100 USD|
Can you start trading with no money in your JustForex account?
No, you cannot start trading on a live account if you have not deposited the required minimum balance in your JustForex account. The required minimum balance differs depending on type of account.
What leverage does JustForex offer?
JustForex offers leverage from 1:1 and up to 3000:1.
|Standard account||Up to 3000:1|
|Pro account||Up to 3000:1|
|Raw Spread/ECN Zero||Up to 500:1|
|Standard Cent||Up to 1000:1|
|Mini account||Up to 3000:1|
What are the contract specifications for forex trading on JustForex platforms?
- Forex spread calculation
JustForex’s trading conditions display the standard bid-ask spread (pips) for forex instruments unless otherwise stated. Standard spreads are as stated under normal market conditions. Spreads can widen depending on market conditions.
Spread Cost Formula: Spread x Trade Size = Spread Charge in Secondary Currency*
*Secondary Currency is the Second Currency quoted in an FX pair (CUR1/CUR2 USD/JPY, EUR/USD, etc.)
For a 1 000 EUR/USD trade with a spread of 3 pips (0.0003), the calculation is as follows:
0.0003 X 1 000 = $0.30*
- Bid-Ask spread and commissions
JustForex is compensated through the bid-ask spread, except when otherwise stated.
- Forex margin/leverage calculation
All instruments are traded on margin allowing you to leverage your positions. JustForex’s forex trading conditions display both margin and leverage amounts. Margin is displayed as a percentage (%) while leverage is displayed as a ratio.
Percentage Margin Formula:
Trade size x margin (%) = Margin required in primary currency*
Leverage margin formula:
Trade size / leverage = Margin required in primary currency*
*Primary currency is the first currency quoted in a forex pair
For a 1 000 EUR/USD trade with a margin requirement of 0.50% or leverage of 200:1, the calculation is as follows:
Percentage margin requirement: 1 000 x 0.005 = €5.00
Leverage Margin Requirement: 1 000 / 200 = €5.00
- Forex buy/sell overnight interest calculation
JustForex’s forex trading conditions display the Over-Night (O/N) interest rates charged/paid on a daily basis for holding a position open past our End of Day time. These rates are displayed in the Overnight Interest – Buy and Overnight Interest – Sell” columns.
End of Day is 22:00 GMT except during Daylight Savings when it changes to 21:00 GMT.
You can use the following formula to calculate your Daily Overnight Interest amount:
Trade amount x daily overnight interest = Daily overnight interest charged/paid*
*Overnight interest charged/paid will be calculated in the primary currency. Primary currency is the first currency quoted in a forex pair.
For a 1 000 EUR/USD trade with a daily overnight interest buy (or sell) rate of -0.0053% and subject to a charge for 1 day, the calculation is as follows:
1 000 x -0.000053 = -0.053 = -€0.05* rounded
Note: JustForex platforms display overnight interest (swaps) in annualised terms.
Does JustForex offer online support?
Yes, JustForex provides dedicated online Customer Service support for its forex traders in different languages via Live Chat on the website. Live Chat is available 24-hours a day, 7-days a week. You can also contact JustForex Customer Services via email or telephone.
Does JustForex offer a demo account for forex traders?
Yes, JustForex offers a free demo account to registered clients.
A demo trading account is a type of forex trading account that is funded with entirely virtual money, but still includes all of the functionalities and technical indicators as a live account. It’s the perfect tool for beginner forex traders because you can become familiar with trading strategies and indicators in real time on your trading platform before you start trading with real money.
Does JustForex have a mobile app for forex trading?
Yes, JustForex has a user-friendly mobile app for forex trading.
Does JustForex provide research and market analysis tools?
Yes, JustForex offers an extensive array of research and market analysis tools.
- stock market analysis
- market overview
- daily forecast
- technical analysis
- cryptocurrency analysis
- market news
- Economic Calendar
Learning and trading support
- online webinars
- forex articles
- forex glossary
- educational videos
Does JustForex publish an Economic Calendar?
Yes, JustForex publishes an Economic Calendar.
The JustForex global Economic Calendar comprises routine financial events which affect the financial markets. The events on the JustForex Economic Calendar are pre-scheduled and include statements made by countries and other leading players in the financial arena such as central banks, the International Monetary Fund (IMF) and governments.
Skilled traders anticipate these events and plan their trades in accordance. Each of these newsworthy economic events can create changes in the value of different financial assets and positions on forex trading.
How to communicate with JustForex
JustForex provides dedicated Customer Services in a choice of languages. You can contact a JustForex representative via email, telephone or Live Chat on the website.
International phone number for JustForex
+44 1418 461237
Social media platforms
Where is JustForex’s headquarters based?
The headquarter of JustForex is based in Beachmont Kingstown, Saint Vincent and the Grenadines.
Griffith Corporate Centre
PO Box 1510
Saint Vincent and the Grenadines
Forex Trading Africa Disclaimer
Forex is a complex financial instruments and trading forex involves a high risk of losing money rapidly due to leverage and market volatility. You need to understand how forex trading works and decide whether you can afford to take the risk of losing money on trade orders that do not go your way.
Forex Trading Africa annually reviews forex brokers regarded as the best in the world and provides information on the company, types of accounts, products, fees, tools, market analysis and customer support that the brokerage offers. Forex Trading Africa aims to provide important information for you to use to help you choose the right retail forex broker for your trading needs.
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