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JustForex review and ratings

Established 2012
Location Saint Vincent and the Grenadines
Regulation None
Offices Kingstown
Broker type STP | ECN
Leverage up to 1:3000
Deposit from 1 USD
Spreads low  low
Platforms Web MetaTrader 4
Instruments Currencies Crypto Indices Metals Energies
Funding methods Wire Transfer Skrill Neteller FasaPay Perfect Money Qiwi Bitcoin Bitсoin Cash

Company information

JustForex is a legally registered forex broker located in Saint Vincent and the Grenadines, but not regulated by any government agency.

Availability

JustForex accepts clients from all over the world, excluding USA and some countries where restrictions apply.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

60+ Currency Pairs Based on major and minor world currencies.
30+ Crypto Pairs Based on Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Dash, Ripple, Litecoin, Emercoin, Namecoin, Peercoin, Omnicoin, Monero, EOS, IOTA, NEO, OMNI.
5 Indice CFDs Based on baskets of different blue-chip stocks.
4 Metal Spot CFDs Based on Gold, Silver, Platinum and Palladium.
2 Energy Spot CFDs Based on Crude Oil (WTI, Brent).

Comprehensive review

Justforex is a forex & CFD broker based in Saint Vincent and the Grenadines. Although the broker claims to be “registered” by the SVG Financial Services Authority (FSA), potential clients should know that the FSA explicitly states on its website that it does not “Regulate, Monitor, Supervise or License” any businesses in the forex brokerage industry. JustForex should thus be considered an unregulated forex broker, along with all other brokers that are based out of St. Vincent & the Grenadines.

All JustForex clients get access to the full selection of underlying asset that this broker offers, which includes more than 60 popular forex pairs, a large selection of cryptocurrency pairs, as well as contracts-for-difference (CFDs) based on stock indices, precious metals, and oil.

JustForex’s offering is particularly strong in the crypto space, where it offers a much larger selection than most of its peers. This of course includes all the most popular cryptos like Bitcoin, Litecoin, and Ethereum against US dollars. More interesting, however, is that this broker also offers many of these cryptos against other currencies, including the euro, the British pound, the Russian ruble, the Japanese yen, and the Chinese yuan.

Offering cryptocurrencies against so many other fiat currencies is unusual not only among forex & CFD brokers, but even among pure crypto exchanges. JustForex may therefore be a good place to trade crypto, particularly for those traders who want to trade them against other currencies than the dollar.

In terms of trading platforms, JustForex has decided to remain fully committed to the classic and always popular MetaTrader 4 (MT4), which is available in versions for desktop, web, Apple iOS, and Android mobile devices. As always, this makes it quite a bit easier to transition from other MT4-based brokers to JustForex, as it provides traders with a familiar trading interface they can rely on.

JustForex offers its clients three different account types to choose from, depending on how much they would like to deposit and which assets they would like to trade.

For beginners and others who just want to give forex trading a try with a small amount of money, the broker offers a Standard account for a minimum deposit of just USD 100. A great benefit with this account is that it comes with a huge amount of leverage going all the way up to 1:3,000. Be aware, however, that this is far more leverage than it is advisable for any beginner to use, as an entire trading account may quickly get wiped out when a trade moves in an unexpected direction.

For traders with a bit more money to invest, JustForex has both a regular Pro account and an ECN account available for a deposit of USD 500. As always, the ECN account is popular with big traders as it comes with very tight spreads and instead charges a small commission fee on each trade.

JustForex also offers a dedicated crypto trading account with a leverage of up to 1:3 for a minimum deposit of just USD 200. Like the ECN account, the crypto account is also commission-based and has tight spreads starting from 0 pips.

Customer support with JustForex is handled 24/7 via phone, email, and live chat for English speakers. However, the broker also has dedicated customer support lines for Malaysia and Indonesia with more limited opening hours. As an extra service, JustForex’s customer support department can also be reached via several popular messaging platforms such as Telegram, WhatsApp, Facebook Messenger, and Line.

All in all, we consider JustForex to be a good option for aggressive traders looking for the highest amount of leverage possible. With the amount of leverage offered by JustForex - up to 1:3,000 - even the tiniest price changes in a market can make a huge impact in terms of profits & losses. Extreme caution should therefore be exercised. For traders who have the discipline and experience necessary to handle such high leverage, however, nothing is stopping them from putting their skills to the test with JustForex.

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