JustForex Review 2024

JustForex review
JustForex Fees Explained

• JustForex withdrawal fees varies on payment method
• JustForex does charge a fee for inactive accounts.
• JustForex does charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from JustForex are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.

JustForex Costs To Check

Modern brokers like JustForex provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, JustForex may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall JustForex trading profitability.

How JustForex Fees Compare Against Other Brokers

JustForex Minimum Deposit

JustForex requires a minimum deposit of 100 GBP/USD/EUR when opening an JustForex trading account.

A minimum deposit is the minimum amount of money required by JustForex to open a new online brokerage account with them.

Don't be scared off by brokers like JustForex charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like JustForex, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

JustForex Withdrawal Fees

The fees for withdrawing funds from your JustForex account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your JustForex withdrawal request is important.

JustForex Withdrawal rules may vary across different brokers when it comes to transferring funds from your JustForex or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with JustForex may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the JustForex withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from JustForex. Researching and comparing JustForex withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing JustForex funds frequently or dealing with large sums of money. Awareness of these JustForex fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your JustForex funds.

For example, JustForex allows you to withdraw your funds to Visa/Mastercard/Verve cards,Bank Transfers, Africa Mobile Money Transfers.

JustForex Inactivity Fees

JustForex does charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by JustForex terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all JustForex fees and services. It's recommended that you check the JustForex website before signing up. If you decide to close your JustForex account, it's important to do so with the JustForex broker customer support and obtain confirmation that no remaining JustForex fees are due.

Brokers like JustForex must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

JustForex Deposit Fees

JustForex do charge deposit fees.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

JustForex Commission Fees

JustForex does charge commission on CFD instruments.

Brokerage firms like JustForex may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the JustForex trading account level held by the trader.

JustForex may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing JustForex terms and conditions to understand the commission fees and any other charges that may apply is essential.

JustForex review
Trading on JustForex web platforms and other applications

JustForex provides traders with a modern custom platform that can be accessed through a browser-based web application. If you would rather see a MT4 brokers, or MT5 brokers you can do so here.

A JustForex iOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device.

JustForex also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

See JustForex's platforms

Is the JustForex Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the JustForex trading platform to protect you on PC and mobile JustForex platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using JustForex web trading platforms.

JustForex Trading Platform Options

JustForex does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms.

JustForex offers its custom trading platform developed and tested in-house. The JustForex trading platform allows traders to track their portfolios and the current markets, locate trade ideas and place trades.

The JustForex platform allows traders to filter the financial marketplace for trade opportunities that match criteria.

With JustForex, you can examine opportunities with actionable research and stock evaluations. Get streaming real-time information on the JustForex platform, including news and quotes. Discover possible trades with the strong charting tools found with JustForex. JustForex is available as downloadable applications or online through the cloud. Monitor your orders with JustForex and receive breaking news in your positions.

JustForex Trading benefits

• JustForex Allows scalping
• JustForex Allows hedging
• JustForex Low min deposit

JustForex Trading Accounts Offered

Below we give an overview of the account types that JustForex offer. Whatever you are looking to trade, the varying JustForex account types will be able to provide you with what you need.

• JustForex Demo account
• JustForex Standard account
• JustForex ECN account
• JustForex Islamic account

Can I try JustForex?

JustForex provides a demo account that enables individuals to explore trading before investing their funds. By creating a JustForex practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the JustForex demo account can help individuals to make informed decisions before investing their money.

Open a demo JustForex account to practice and trade.

Your capital is at risk

JustForex withdrawal and funding methods

It's essential to remember that the payment methods provided by JustForex vary based on the JustForex entity and the JustForex client's country of residence. To view the JustForex payment options available, you can log into your JustForex member's area.

JustForex offers various funding payment methods listed in your JustForex dashboard if available in your region. To learn more about the JustForex funding and withdrawal options available in your area, you can explore the JustForex website.

JustForex provides several payment methods for funding your JustForex account. You may utilize any of these deposit options if they are available in your region. JustForex ensures that users have multiple payment methods to choose from, making it more convenient for verified JustForex account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the JustForex user's location. learn more about JustForex funding and withdrawal methods.

JustForex Payment Methods

Some JustForex payment methods are local and are available only to specific regions. JustForex account holders should check which payment methods are provided in your region.

• JustForex accepts Visa/Mastercard/Verve cards
• JustForex accepts Bank Transfers
• JustForex accepts Africa Mobile Money Transfers

How can I start trading with JustForex?

To open a trading account with JustForex, individuals can sign up on the JustForex website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for JustForex account validation and making a deposit. Once completed, JustForex users can download the trading platform of their choice.

It's important to note that JustForex requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps JustForex maintain a trustworthy financial environment for its 10,000 users. Detailed information on the JustForex trading platforms is available on their website.

Your capital is at risk

Performing trades with JustForex

When using JustForex, the minimum trade size is typically $ 1 units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. JustForex have a max trade of varies. By offering ECN execution, JustForex provides traders with tighter spreads and increased transparency regarding trade pricing. It's worth noting that ECN accounts typically come with a commission fee and tend to be favoured by traders who use high-volume strategies, such as scalpers and those utilizing automated trading.

Like other brokers, JustForex margin requirements can differ depending on the traded instrument.

CFD Trading on JustForex

We will show you an example of the basics of using JustForex leverage.

CFD trading on JustForex allows traders to speculate on the price movements of various financial instruments against the broker JustForex, without actually owning real assets. With CFDs, JustForex traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.

JustForex provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

The effect of leverage on profits and losses magnifies them in both directions. In other words, JustForex leverage profits and losses are magnified when trading. For instance, using CFDs, you use the JustForex trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, JustForex leverage magnifies both profits and losses in trading.

Trading CFD trades on the JustForex platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.

Experienced JustForex traders can trade high risk CFD trades to hedge items in their portfolio.

Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Your capital is at risk

Education Resources at JustForex

To trade effectively with JustForex, it's important to have a good understanding of the JustForex trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with JustForex and externally.

JustForex . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with JustForex. Familiarizing yourself with the JustForex trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using JustForex. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with JustForex involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like JustForex, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with JustForex. Explore the JustForex platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with JustForex, before live trading.

Customer Support at JustForex

As part of our JustForex review, we review customer service options, response times and problem resolution effectiveness on the JustForex trading platform. The JustForex trading platform supports multiple languages, which includes English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.

JustForex Available Support Types

Based on our experience, we have given JustForex a D grade for customer support. We encountered some slow response times or JustForex queries that were left unanswered.

Compared to other brokers, JustForex offers fewer customer support features. They do not provide live chat support, and their phone and email support can also be slow.

email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at JustForex

Our team tested the live chat support of JustForex and found it to be satisfactory. While we received a response within 25 minutes on most occasions, there were instances where we did not receive a response at all.

In addition, we tested JustForex support services in various countries and languages and found that JustForex were able to effectively resolve our customer issues.

Email Support at JustForex

We tested the email support of JustForex by sending 25 emails simultaneously, and our experience was mixed. While the answer times were generally excellent, with the fastest response being 3 hours, the slowest response was 6 days. We also encountered some instances where we did not receive any JustForex response.

The JustForex team did resolve and answer our queries, but the email support from JustForex was overall average compared to other brokers we have tested.

Phone Support at JustForex

We contacted JustForex via phone and received quick assistance within 10 minutes of our call.

The JustForex phone support team proved to be helpful and able to resolve our queries and issues over the phone. We also tested the multilingual support provided by JustForex and found that they could assist us in various languages.

While we found the JustForex phone support satisfactory, there is room for improvement in response time.

See how JustForex Support Compares Against Other Brokers

What you will need to open an account with JustForex

As JustForex is regulated by Financial Services Authority (FSA).

As a new client of JustForex, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with JustForex in your region. During the JustForex account opening process, you will be asked to provide JustForex with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with JustForex have the following documents available.

• JustForex require a scanned colour copy of your passport, driver's license or national ID card.
• A recent utility bill or bank statement that confirms your residential address for JustForex compliance. This must be dated within the last six months.
• If you plan to fund your JustForex account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the JustForex platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under JustForex Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring JustForex's platform.

However, remember that you won't be able to make trades on JustForex until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the JustForex KYC compliance process as soon as possible to avoid any delays in accessing the JustForex platform's features.

It is important to note that JustForex may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the JustForex platform and features immediately. However, you must pass the verification process to start live trading with JustForex, which can take up to a few business days.

To start the process of opening an account with JustForex you can visit the JustForex trading platform here.
Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from https://justforex.com/ on April 22, 2024.

JustForex review written by Andrew Blumer and Mark Hansen