Juno Markets is a forex broker located in the Republic of Vanuatu, regulated by the Vanuatu Financial Services Commission (VFSC).
Juno Markets accepts clients from all over the world, excluding USA, Hong Kong and some other countries where restrictions apply.
Forex broker offers the following underlying assets for trading.
|60+ Currency Pairs||Based on major and minor world currencies.|
|3 Crypto Pairs||Based on Bitcoin, Ethereum, Ripple.|
|11 Indice Futures||Based on baskets of different blue-chip stocks.|
|4 Metal Spot CFDs||Based on Gold, Silver, Platinum and Palladium.|
|2 Energy Futures||Based on Crude Oil (WTI, Brent).|
|30+ Stock CFDs||Based on shares of US companies.|
Set up as a Vanuatu-registered offshore company, Juno Markets is a traditional forex & CFD broker that offers trading with high leverage on the classic MetaTrader 4 (MT4) platform. As all forex brokers based in Vanuatu, Juno Markets is regulated by the Vanuatu Financial Services Commission (VFSC).
Looking up the company behind the broker in the VFSC’s database confirms that Juno Markets is legally permitted to operate out of Vanuatu. The company’s registration number is 40099, registered with the VFSC in January 2017. And although the forex broker is technically regulated, it’s worth noting that regulations in offshore jurisdictions are much more relaxed than what many traders may be used to from their home countries. For instance, there are few, if any, investor protection rules in place, which means that everyone should make sure they fully trust a broker before depositing money with it.
In terms of asset classes that are covered by Juno Markets, it’s clear that the broker has made the effort to include a bit of everything, although the number of instruments in each asset class is quite limited. For example, stocks from only around 30 US-listed companies are offered for trading, while the crypto selection so far covers only Bitcoin, Ethereum and Ripple XRP, all traded against the US dollar. What is missing altogether, however, are assets like bonds, interest rates, and exchange traded funds (ETFs).
All of the instruments offered by Juno Markets can be traded on MT4, which is the main trading platform offered by this broker. Still, however, an option also exists to connect with the broker from other platforms via a FIX API provided by Juno Markets for those who wish to do that. Moreover, Juno Markets also has a dedicated social trading terminal known as Juno Auto Trader, where traders can copy each other’s portfolios and thus attempt to earn a passive income from trading.
As almost all brokers we have reviewed here on FX-List, Juno Markets also allows clients to choose whether they want to trade with a STP-type of account without commissions, or with an ECN account with commissions but lower spreads. In the case of this broker, the ECN account is available for a minimum deposit of USD 1,000, while the standard STP and the Pro STP accounts are available for minimum deposits of USD 100 and 500, respectively. Separate from these, an Institutional account for other brokers and fund managers is also available for a deposit of at least USD 25,000.
Important to keep in mind about these account types is that the standard STP account is the only account type that can be used with Juno Auto Trader, while the Pro and ECN accounts can only be used with MT4.
Funding of new trading accounts can happen with local bank transfers in the South East Asian currencies Malaysian ringgit, Indonesian rupiah, Vietnamese dong, Thai baht and Philippine peso. Additionally, international bank transfer is available for transfers in US dollar, euro and Australian dollars. Further, we are happy to see that this broker also accepts the cryptocurrencies BTC, ETH, USDT and USDC, in addition to the e-wallet services Skrill and Neteller.
One area we believe Juno Markets should improve on would be its customer support. Unfortunately, there is no phone number to use listed anywhere on its website, with the only way of reaching the broker being live chat via its website, WhatsApp, Facebook Messenger or Line. Moreover, working hours for the support team are not listed anywhere either, making it difficult to know if 24 hour service is really available.
In conclusion, we see Juno Markets as a broker that could be interesting for South East Asian traders in particular. With the opportunity to fund trading accounts with local currencies in that region, this may save some costs on deposits and withdrawals from the broker. For the broker to be interesting for other traders, however, we would ideally like to see a greater selection of trading instruments and somewhat lower spreads.