Are you in search of an authentic and honest JustForex broker review so you can finalize the decision of opening an account on JustForex? If yes, then this review article can assist you in making your decision.
JustForex offers an extensive range of account types, and all come with a lot of exciting features. So, delve into the article to know more about Just Forex.
Just Forex Account types
Just Forex provides their customers with an opportunity to get various accounts like Standard, ECN Zero, Pro, Mini and Cent. Furthermore, they offer swamp-free Islamic and demo accounts as well. Therefore you get a wide range of options, and you have the liberty to choose an account that suits you the most. Now, have a quick look at the account types.
The minimum deposit needed to start trading on this account is $100. Additionally, on the platform of JustForex the pips start from 0.1, and they provide access to 1:3000 leverage. By creating an account on this platform, you can get the opportunity to trade in two metals and fifty-seven forex pairs.
The next account we are going to discuss is the pro account. Again, it is also a commission-free account, just like a standard account. The minimum investment in the pro account is a bit higher, and you have to deposit $500. The spreads and leverage are the same, exactly like Standard Account.
ECN Zero account
Unlike other accounts, it is a commission-based trading account. The pips start from 0, and the access to leverage is up to 1:500. Moreover, you must have a minimum deposit of $500.
There is no requirement of minimum deposit in the cent account, and the account is free of any commission. You have the option of 2 metals and 84 forex pairs if you are using a cent account.
Mini accounts do not require any minimum deposit and are free of any commission as well. The spreads begin from 0.3, and the leverage can be up to 1:3000. The users of the Mini account can trade in two metals and thirty-four forex pairs.
Options for deposit and withdrawal
JustForex broker offers an extensive range of payment options to assist the client in depositing and withdrawing funds without any complications. You have the option to buy Neteller, Fasapay, Bitwallet, Alipay, credit/debit card, and bank wire. There are no fees for depositing, but you have to fulfil the condition of the minimum deposit. On the flip side, withdrawals are subjected to fees, and it entirely depends on the method of payment you have chosen. Mostly it takes almost 1-2 hours.
Pros and Cons
In this part of the article, we will shed light on the merits and demerits of JustForex broker. So, let’s take a start with the pros.
- Some accounts are commission-free
- Good range of asset classes
- Availability of ECN trading
- Leverage of up to 1:3000
- Unavailability of MAC version
- Offshore Regulation
To wrap up, the article says that Just Forex broker offers an extensive range of accounts and multiple other features. If you have a plan to start forex trading, then this review will surely assist you. Beginners should spend plenty of time choosing the right broker; otherwise, they may have lost their hard-earned money. If you have any queries, you may ask in the comments section.
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