Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10
The WikiFX Score of this broker is reduced because of too many complaints!

Justforex

Seychelles|5-10 years| Benchmark C|
MT4 Full License|Regional Brokers|Belize Retail Forex License Revoked|High potential risk|

https://justforex.asia/

Website

Rating Index

Benchmark

Benchmark

C

Average transaction speed (ms)

423.4

MT4/5

Full License

JustForex-Live2

United States
MT4
5

Influence

A

Influence index NO.1

Senegal 5.33
The WikiFX Score of this broker is reduced because of too many complaints!

Benchmark

Speed:AA

Slippage:C

Cost:AAA

Disconnected:B

Rollover:D

MT4/5 Identification

MT4/5 Identification

Full License

5
Server Name
JustForex-Live2 MT4
Server Location United States

Influence

Influence

A

Influence index NO.1

Senegal 5.33

Surpassed 13.53% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+44 1418 461237
support@justforex.com
https://justforex.asia/
https://www.facebook.com/JustForexCom

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Danger

ID BAPPEBTI
2022-02-02

Contact number

English

+44 1418 461237

Broker Information

More

Company Name

JustForex

Company Abbreviation

Justforex

Platform registered country and region

Seychelles

Company website
Twitter
Facebook
Instagram
Linkedin

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 6
Previous Detection : 2024-06-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 15 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • BelizeFSC (license number: IFSC/60/241/TS/17) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
  • The SeychellesFSA regulation (license number: SD088) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The Belize FSC regulation with license number: IFSC/60/241/TS/17 is an offshore regulation. Please be aware of the risk!
  • The Seychelles FSA regulation with license number: SD088 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

Justforex · WikiFX Survey
Justforex · Benchmark
Average transaction speed(ms)
423.4
The highest transaction speed(ms)
2 Perfect
The highest speed of opening positions(ms)
2 Perfect
The highest speed of closing position(ms)
2 Perfect
The lowest speed of opening positions(ms)
1985 Poor
The lowest speed of closing position(ms)
1906
8.36USD/Lot Great
14.73USD/Lot Perfect
Long: -5.51USD/Lot    Short: -0.09USD/Lot
Long: -42.79USD/Lot    Short: 0USD/Lot Poor
Average slippage
2.1 Poor
Maximum transaction slippage
29 Poor
Maximum positive slippage
-2 Great
Maximum negative slippage
29 Poor
Average disconnection frequency (times/day)
0.5 Great
Average reconnection time (millisecond/per request)
33
Ranking: 97 / 127
Test user 1,186
Orders 113,027
Ocuppied margin $23,450,001 USD
Data Source WikiFX Data provide
Updated: 2024-06-20 01:00:00

Users who viewed Justforex also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

MultiBank Group

8.59
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

STARTRADER

8.54
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

Decode Global

8.36
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website
Pyramid scheme complaint
Expose
    Sources
    Language
    Mkt. Analysis
    Creatives

    Justforex · Company Summary

    Risk Warning

    Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

    General Information

    Justforex Review Summary in 10 Points
    Founded 2012
    Registered Country/Region Seychelles
    Regulation FSC (revoked), FSA (suspicious clone)
    Market Instruments Forex currency pairs, Gold, Silver, indices, stocks, and CFDs
    Demo Account Available
    Leverage 1:3000
    EUR/USD Spread 0.1 pips
    Trading Platforms MT4, MT5
    Minimum deposit $1
    Customer Support 24/7 live chat, phone, email

    What is Justforex?

    Justforex is a forex and CFD broker founded in 2012 and registered in Seychelles that offers a wide range of trading instruments, including currency pairs, precious metals, stocks, and indices. The company provides various account types and trading platforms, as well as competitive spreads and leverage options. Justforex also offers a range of educational materials and customer support options.

    In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

    Justforex's website

    Pros & Cons

    Justforex offers a wide range of trading instruments, multiple account types with no commission, and 24/7 customer support through various channels. They also provide various educational resources for traders. However, they are currently unregulated, which may pose some risks to traders.

    Pros Cons
    • Wide range of financial instruments • No regulation
    • Low minimum deposit requirement ($1) • Clients from Australia, Canada, the EU and EEA, Japan, the United Kingdom, the United States are not accepted
    • Demo accounts available • Negative reviews
    • Multiple account types
    • MT4 & MT5 supported
    • Multiple payment methods
    • No fees for deposits and withdrawals
    • Social trading feature available

    Justforex Alternative Brokers

      There are many alternative brokers to Justforex depending on the specific needs and preferences of the trader. Some popular options include:

      • Tickmill - With its competitive trading conditions, comprehensive educational resources, and reliable customer support, Tickmill is a popular choice among traders looking for a trustworthy and feature-rich forex broker.

      • Axi - As a regulated and award-winning broker, Axi offers traders a wide range of trading instruments, cutting-edge trading platforms, and excellent customer support, making it a top choice for both novice and experienced traders.

      • FXOpen - With its user-friendly trading platforms, low trading fees, and excellent customer service, FXOpen is a popular choice for traders looking for a reliable and well-regulated forex broker.

    Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

    Is Justforex Safe or Scam?

    The fact that Justforex is unregulated and its Financial Services Commission (FSC) license is revoked and Seychelles Financial Services Authority (FSA) license is a suspicious clone raises some concerns about its safety and legitimacy. Additionally, there are some complaints and negative reviews from their clients saying that they are unable to withdraw. However, the broker does offer various protection measures to its clients, such as segregated accounts and protection from negative balance. It is important to thoroughly research and consider these factors before deciding to trade with Justforex.

    protection measures
    protection measures

    Market Instruments

    Justforex offers a diverse range of 170+ financial instruments that include Forex currency pairs, precious metals, stock indices, popular stocks, and CFDs. With such a diverse range of instruments, Justforex provides ample trading opportunities for investors of different levels and preferences.

    Accounts

    To meet the needs and trading experience of different investors, Justforex offers four different types of accounts: Standard Cent Accounts (minimum deposit of $1), Standard Accounts (minimum deposit of $1), Pro Accounts (minimum deposit of $100), and Raw Spreads Accounts (minimum deposit of $100).

    The Standard Cent account is ideal for novice traders who want to start trading with a small amount of money, while the Standard and Pro accounts are suitable for more experienced traders who want to access additional features and trading tools. The Raw Spreads account type offers tight spreads and is designed for high-volume traders.

    It's worth noting that all account types are swap-free, which is especially important for traders who follow Islamic finance principles. Additionally, demo accounts are available for all account types, which is a great way to test the platform and trading strategies before investing real money.

    MT4 Accounts
    MT5 accounts

    Leverage

    Surprisingly, the maximum trading leverage offered by Justforex is super high, reaching up to 1:3000, which allows traders to open larger positions with smaller amounts of capital. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders. Inexperienced traders are not advised to use such high leverage level. Additionally, it is worth noting that some financial instruments may have lower maximum leverage levels due to market conditions and regulatory requirements.

    Leverage

    Spreads & Commissions

    Justforex offers different spreads and commissions depending on the account type. Standard Cent and Standard accounts have spreads starting from 0.3 pips, while Pro accounts have spreads starting from 0.1 pips. Raw Spread accounts offer raw spreads starting from 0 pips, but a commission of 3 units of the base currency per lot is charged. No commission is charged for trading on Standard Cent, Standard, and Pro accounts. It is important to note that the spreads and commissions may vary depending on market conditions and liquidity.

    Spreads

    Below is a comparison table about spreads and commissions charged by different brokers:

    Broker EUR/USD Spread Commission
    Justforex 0.3 pips None
    Tickmill 0.0 pips $2/lot RT
    Axi 0.2 pips None
    FXOpen 0.5 pips $3.5/lot RT

    Trading Platforms

    Justforex offers MT4, MT4 PC, MT4 Android, MT4 iPhone, MT4 Web, MT5, MT5 PC, MT5 Android, MT5 iPhone, MT5 Web to meet a wide range of user needs. MT4 offers 9 timeframes, the ability to trade via charts, automated trading, and MT5 is the latest version of MT4, which is more intuitive and offers significant improvements in copy trading, mobile trading, and other innovative features for more efficient trading account management.

    Trading Platforms

    Overall, Justforex's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:

    Broker Trading Platforms
    Justforex MetaTrader 4, MetaTrader 5, WebTrader
    Tickmill MetaTrader 4, MetaTrader 5, WebTrader
    Axi MetaTrader 4, MetaTrader 5
    FXOpen MetaTrader 4, MetaTrader 5, WebTrader, TickTrader (mobile)

    Trading Tools

    Justforex offers several trading tools to help its clients trade more efficiently and effectively. One of these tools is social trading, which allows traders to follow and copy the trades of successful and experienced traders. This feature is available on both MT4 and MT5 platforms and is facilitated through the MQL5 community. Traders can browse through the profiles of different signal providers, assess their performance, and subscribe to their trading signals. By copying the trades of successful traders, traders can learn from their strategies, improve their own trading skills, and potentially increase their profits.

    social trading

    Deposits & Withdrawals

    Just Forex supports traders to deposit and withdraw funds to their accounts via Bank cards (Visa/MasterCard), Skrill, Neteller, Perfect Money, STICPAY, AIRTM, cryptocurrencies of bitcoin, Bitcoin Cash, Ethereum, USD Coin, Tether, BUSD, BINANCE, DOGECOIN, Litecoin and XRP, local banks, and Fasapay.

    Deposits
    Deposits
    Deposits

    Minimum deposit and withdrawal amount vary on the payment method. No fees for deposits and withdrawals. Deposits are instant, while withdrawals can be processed within 1-2 hours.

    Justforex minimum deposit vs other brokers

    Justforex Most other
    Minimum Deposit $1 $100
    Withdrawals
    Withdrawals
    Withdrawals

    See the deposit & withdrawal fee comparison table below:

    Broker Deposit Fee Withdrawal Fee
    Justforex None None
    Tickmill None None for certain methods, fees up to $25 for others
    Axi None None
    FXOpen None None for certain methods, fees up to $50 for others

    Please note that the fees listed above are subject to change and may vary depending on the payment method and other factors. It's always best to check with the broker directly for the most up-to-date and accurate fee information.

    Customer Service

    The Justforex customer support is available 24/7, accessible via live chat, e-mail, phone, request a callback, live chat, Telegram, Viber, Messenger, Line, Instagram, WhatsApp and iMessage. Additionally, the FAQ section can be helpful for clients who prefer to find answers on their own.

    Customer Service
    social networks
    FAQ
    Pros Cons
    • Available 24/7 through multiple channels • Some complex issues may require longer resolution time
    • FAQ section available for quick solutions
    • Trained and knowledgeable support staff
    • Multilingual support available

    Note: These pros and cons are subjective and may vary depending on the individual's experience with Justforex's customer service.

    Education

    Justforex offers a comprehensive Learning Center with a range of educational resources that cater to the needs of both beginner and experienced traders. The center features a series of online webinars that cover a range of topics, including trading strategies, risk management, technical analysis, and more. Traders can also access a wide range of forex articles that cover market news, trends, and analysis. Additionally, the center provides a forex glossary that includes definitions of common trading terms and jargon. To further support trader education, Justforex also offers educational videos that cover a range of topics and can help traders to improve their trading skills and knowledge.

    User Exposure on WikiFX

    On our website, you can see that some users have reported scams and unable to withdraw. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

    User Exposure on WikiFX

    Conclusion

    All things considered, Justforex is an online broker offering a wide range of financial instruments, account types, and trading platforms. They provide 24/7 customer support, educational resources, and convenient deposit and withdrawal options with no fees.

    However, the lack of proper regulation and the suspicious nature of their licenses may be concerning for some investors. In addition, there have been some negative reviews from their clients. Overall, Justforex may be a suitable choice for experienced traders who prioritize a wide range of instruments and trading platforms and do not mind the lack of regulation and negative reviews.

    Frequently Asked Questions (FAQs)

    Q 1: Is Justforex regulated?
    A 1: No. It has been verified that this broker currently has no valid regulation.
    Q 2: At Justforex, are there any regional restrictions for traders?
    A 2: Yes. Justforex does not offer and does not provide services to residents and citizens of certain jurisdictions, including Australia, Canada, the EU and EEA, Japan, the United Kingdom, the United States, and countries sanctioned by the EU.
    Q 3: Does Justforex offer demo accounts?
    A 3: Yes.
    Q 4: Does Justforex offer the industry-standard MT4 & MT5?
    A 4: Yes. Both MT4 and MT5 are available.
    Q 5: What is the minimum deposit for Justforex?
    A 5: The minimum initial deposit to open an account is only $1.
    Q 6: Is Justforex a good broker for beginners?
    A 6: No. It is not a good choice for beginners. Thought is advertises well, dont forget that they are unregulated.

    News

    WIKIFX REPORT: Justforex evolves into JustMarkets

    NewsWIKIFX REPORT: Justforex evolves into JustMarkets

    2022-08-12 14:51

    Justforex evolves into JustMarkets

    WikiFX
    2022-08-12 14:51
    News
    WIKIFX REPORT: Justforex evolves into JustMarkets
    WIKIFX REPORT: New Visa/Mastercard payment providers are available

    NewsWIKIFX REPORT: New Visa/Mastercard payment providers are available

    2022-06-06 15:14

    Justforex is a Seychelles forex broker that was founded in 2012 and is registered by the Financial Services Authority (FSA). It offers over 80 forex currency pairs, CFDs, indices, futures, gold, silver, oil, bitcoin, and other cryptocurrencies for personal investment and trading.

    WikiFX
    2022-06-06 15:14
    News
    WIKIFX REPORT: New Visa/Mastercard payment providers are available
    WIKIFX REPORT: Trading Schedule Changes in June 2022

    NewsWIKIFX REPORT: Trading Schedule Changes in June 2022

    2022-06-06 15:07

    JustForex broker is pleased to advise their clients that the trading schedule will have some changes.

    WikiFX
    2022-06-06 15:07
    News
    WIKIFX REPORT: Trading Schedule Changes in June 2022
    WikiFX report: Trading Schedule Changes in May 2022

    NewsWikiFX report: Trading Schedule Changes in May 2022

    2022-05-09 16:08

    JustForex which is a retail Forex broker that provides traders access to the foreign exchange market and offers great trading conditions on accounts such as Standard Cent, Standard, Pro, Raw Spread, a wide choice of trading instruments, a leverage up to 1: 3000, tight spreads (See No Spread Forex Trading)and market news. To inform the general public and users ,the broker announced in their official website regarding some changes in the trading schedule.

    WikiFX
    2022-05-09 16:08
    News
    WikiFX report: Trading Schedule Changes in May 2022

    User Reviews

    Sort by content

    • Sort by content
    • Sort by time

    User comment

    14

    Comments

    Write a review

    Eulalia Blackwood
    more than one year
    Justforex got me feeling some type of way. First off, they ain't regulated, and that's a red flag. Their FSC license is revoked, and the FSA license looks like a suspicious clone – sketchy vibes. Some traders say they couldn't withdraw, and that's a deal-breaker. The website tries to cover it up, but there's some negative noise out there. I get it, low minimum deposit and all, but safety first, you know? I'd be cautious and maybe look for a broker with a cleaner rep.
    2023-12-06 10:14
    Reply
    0
    0
    Lamerbeauty
    more than one year
    Justforex is where it's at! I've been rocking with them for a while, and the low minimum deposit of just $1 is a game-changer. The crazy high leverage of 1:3000 lets me flex my trading muscles without breaking the bank. The spreads are tight, especially with that 0.1 pip on EUR/USD – sweet deal. They got MT4 and MT5 for the real pros, and 24/7 customer support is like having a trading buddy always ready to chat. Plus, they offer a bunch of payment options, and withdrawals are quick. Justforex is my go-to trading homie!
    2023-12-05 16:13
    Reply
    0
    0
    Derekkk
    more than one year
    I am a trader from Hong Kong, China, having been trading with JustMarkets for several years. I have nothing to complain, and I think it is a reliable broker instead, narrow spreads, quick execution order.
    2023-02-20 10:22
    Reply
    0
    0
    Jerry
    more than one year
    I used to trade with Justforex, and its general performance was ok. Customer support were ready to solve your problems all the time, and account managers were professional. I traded forex pairs most time. It was good.
    2023-02-16 09:23
    Reply
    0
    0
    姚先生141319
    more than one year
    justforex website does not open normally and we can see that there are complaints from various victims on wikifx. then there is no doubt that justforex is a scammer...
    2023-02-13 15:48
    Reply
    0
    0
    刘毅贺
    more than one year
    Convinced me, why are there so many liars these days? ? Does anyone care anymore. . I can't believe how a regulated broker with many years of experience can do a deceitful business? ?
    2022-12-14 18:16
    Reply
    0
    0
    FX1154806812
    more than one year
    It is said that the execution of the order only takes 0.01 seconds, but in fact it will be delayed for a long time, which completely delayed my best time to make a deal. Their customer service staff is also very unprofessional, I asked to open a new trading account, but they refused, saying that I have to complete the transaction on the current account. Will not be using this trading platform again, so disappointing.
    2022-12-13 09:50
    Reply
    0
    0
    Amina8517
    more than one year
    A very nice broker with good customer service
    2022-12-08 13:58
    Reply
    0
    0
    Machala
    more than one year
    Justforex, justsuccess learning from mistakes. Taking all they see for over ten years. Everything starts from nothing, Justforex proves nothing can be something… It’s not magic it’s Justforex..💯🚀
    2022-12-06 02:29
    Reply
    0
    0
    CXM~TINA
    more than one year
    Haven’t seen up to 1:3000 leverage, unbelievable! Too high leverage will give you the chance to profit more, but at the same time, lose more. Another thing that shocks me is the minimum deposit is only 1 dollar, which is friendly for beginners.
    2022-11-24 13:51
    Reply
    0
    0
    A- 卍 兜兜转转
    more than one year
    I am here to tell you that never trade with this brokerage! They deducted my money without informing me, shamelessly, they deleted withdrawal records… when I tried to make a withdrawal, they stopped it. I’ve lost $1,000. Can anyone tell me what should I do to get my money back?
    2022-11-23 18:50
    Reply
    0
    0
    FX1012875549
    more than one year
    This broker offers multiple favorable conditions such as high leverage, MT4, MT5, educational resources, demo account, Islamic account, copy trading... But these things are just appearances, in reality they only use these conditions to attract clients who do not know the truth and cheat them out of their money.
    2022-11-21 09:41
    Reply
    0
    0
    sadaqat
    more than one year
    good
    2022-10-02 02:38
    Reply
    0
    0
    vivo
    more than one year
    at2847113@gmail.com
    2022-09-28 23:00
    Reply
    0
    4
    15
    TOP

    Chrome

    Chrome extension

    Global Forex Broker Regulatory Inquiry

    Browse the forex broker websites and identify the legit and fraud brokers accurately

    Install Now

    Select Country/Region
    • Hong Kong China

    • Taiwan

      tw.wikifx.com

    • United States

      us.wikifx.com

    • South Korea

      kr.wikifx.com

    • United Kingdom

      uk.wikifx.com

    • Japan

      jp.wikifx.com

    • Indonesia

      id.wikifx.com

    • Vietnam

      vn.wikifx.com

    • Australia

      au.wikifx.com

    • Singapore

      sg.wikifx.com

    • Thailand

      th.wikifx.com

    • Cyprus

      cy.wikifx.com

    • Germany

      de.wikifx.com

    • Russia

      ru.wikifx.com

    • Philippines

      ph.wikifx.com

    • New Zealand

      nz.wikifx.com

    • Ukraine

      ua.wikifx.com

    • India

      in.wikifx.com

    • France

      fr.wikifx.com

    • Spain

      es.wikifx.com

    • Portugal

      pt.wikifx.com

    • Malaysia

      my.wikifx.com

    • Nigeria

      ng.wikifx.com

    • Cambodia

      kh.wikifx.com

    • Italy

      it.wikifx.com

    • South Africa

      za.wikifx.com

    • Turkey

      tr.wikifx.com

    • Netherlands

      nl.wikifx.com

    • United Arab Emirates

      ae.wikifx.com

    • Colombia

      co.wikifx.com

    • Argentina

      ar.wikifx.com

    • Belarus

      by.wikifx.com

    • Ecuador

      ec.wikifx.com

    • Egypt

      eg.wikifx.com

    • Kazakhstan

      kz.wikifx.com

    • Morocco

      ma.wikifx.com

    • Mexico

      mx.wikifx.com

    • Peru

      pe.wikifx.com

    • Pakistan

      pk.wikifx.com

    • Tunisia

      tn.wikifx.com

    • Venezuela

      ve.wikifx.com

    United States
    ※ The content of this website abides with local laws and regulations.
    You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
    consumer hotline:006531290538
    Official Email:support@wikifx.com;
    Mobile Phone Number:234 706 777 7762;61 449895363
    Telegram:+60 103342306
    Whatsapp:+852-6613 1970;
    License or other information error corrections, please send the information to:qawikifx@gmail.com
    Cooperation:fxeyevip@gmail.com