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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 MetaTrader 5
Instruments Currencies Crypto Indices Metals Energies
Funding methods Wire Transfer Skrill Neteller FasaPay Perfect Money Qiwi BitWallet SticPay

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, European Economic Area countries and some other jurisdictions 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.
7 Crypto Pairs Based on Bitcoin, Bitcoin Cash, Ethereum, Dash, Litecoin, Ripple, EOS.
11 Indice Cash CFDs Based on baskets of different blue-chip stocks.
11 Indice Futures Based on baskets of different blue-chip stocks and US Dollar Index.
8 Metal Spot CFDs Based on Gold, Silver, Platinum and Palladium.
1 Metal Futures Based on Copper.
2 Energy Spot CFDs Based on Crude Oil (WTI, Brent).
3 Energy Futures Based on Crude Oil (WTI, Brent) and Natural Gas.
7 Soft Futures Based on UK Cocoa, UK Coffee, UK Sugar, US Cocoa, US Coffee, US Sugar, US Cotton.
3 Bond Futures Based on Euro Bund, UK Long Gilt, US 10yr T-Note.
60+ Stock CFDs Based on shares of US, UK and EU companies.

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, like 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, oil & natural gas, as well as many agricultural commodities. In addition, this broker also offers trading in bond futures and single stocks of companies based in the US and Europe for traders who are interested in those markets.

Although it does not have the widest selection of cryptocurrencies in the industry, JustForex’s offering is fairly strong in this space. This includes most of the popular cryptos like Bitcoin, Litecoin, and Ethereum, and also the lesser-known cryptoassets EOS and Dash. All of the cryptocurrencies offered by JustForex are traded only against the US dollar.

In terms of trading platforms, JustForex has decided to remain committed to the classic and always popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are 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 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:

On the MT4 platform, beginners and others who just want to give forex trading a try with a small amount of money can go for the Standard Cent account for a minimum deposit of just USD 1. A great benefit with this account is that it comes with commission-free trading, which allows beginners to learn trading with small amounts of capital without losing out on the commissions. The same also goes for the Standard account, which is available on both the MT4 and MT5, with the only difference being a bigger lot size.

For traders with a bit more money to invest, JustForex has both a regular Pro account and a Raw Spread ECN-type account available for a deposit of USD 100 or more. 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.

A special thing with JustForex is also that all of the accounts come with a huge amount of leverage going all the way up to 1:3,000, with the exception of the Standard Cent account. 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.

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, JustForex may well represent an 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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