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Score

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

JustForex

Seychelles|2-5 years|
Suspicious Regulatory License|MT4/5 White Label|Regional Brokers|High potential risk|

https://justforex.biz

Website

Rating Index

MT4/5 Identification

MT4/5

White Label

JustForex-Demo

United States
MT4
5

Influence

C

Influence index NO.1

Turkey 2.81
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

White Label

5
Server Name
JustForex-Demo MT4
Server Location United States

Influence

Influence

C

Influence index NO.1

Turkey 2.81

Surpassed 53.75% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+371 67 881 045
support@justforex.com
https://justforex.biz
Office 10, Floor 2, Vairam Building, Providence Industrial Estate, Providence, Mahe, Seychelles,

Licenses

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

Single Core

1G

40G

Open Now

Contact number

English

+371 67 881 045

Broker Information

More

Company Name

Just Global Markets Ltd.

Company Abbreviation

JustForex

Platform registered country and region

Seychelles

Company website
Twitter
Facebook
Instagram
Linkedin

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 4
Previous Detection : 2024-03-05
  • It has been verified that this broker currently has no valid regulation. 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!

WikiFX Verification

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JustForex · Company Summary

Note: Justforexs official site - https://justforex.asia/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

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 & Regulation

Feature Detail
Regulation No regulation
Market Instrument Forex currency pairs, Gold, Silver, indices, stocks, and CFDs
Account Type Standard, Pro and Raw Spreads
Demo Account N/A
Maximum Leverage 1:3000
Spread Vary on the account type
Commission Vary on the account type
Trading Platform MT4 & MT5
Minimum Deposit $1
Deposit & Withdrawal Method VISA, MasterCard, Skrill, Neteller, Perfect Money, Bank Transfer, mubux and Fasapay.

Just Forex is an online Forex and CFD broker registered in Seychelles that claims to provide its clients with various tradable financial instruments with leverage up to 1:3000 and floating spreads from 0 pips on the MT4 and MT5 trading platforms via 3 different live account types, as well as 24/7 customer support service.

As for regulation, it has been verified that Just Forex holds a revoked Financial Services Commission - FSC license and a suspicious clone the Seychelles Financial Services Authority - FSA license. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 2.16/10. Please be aware of the risk.

General Information & Regulation

Note: The screenshot date is January 13, 2023. WikiFX gives dynamic scores, which will update in real time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.

Financial Services Commission - FSC license
the Seychelles Financial Services Authority - FSA license

Market Instruments

Just Forex offers investors a wide range of popular financial instruments, including Forex currency pairs, Gold, Silver, indices, stocks, and CFDs.

Account Types

To meet the needs and trading experience of different investors, Just Forex offers 3 different types of accounts: Standard Accounts (minimum deposit of $1), and Pro & Raw Spreads Accounts (minimum deposit of $100).

Account Types

Leverage

Surprisingly, the maximum trading leverage offered by Just Forex is super high, reaching up to 1:3000. 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 a high leverage level.

Spreads & Commissions

For Just Forex Standard accounts, the minimum spread is 1 pip for EURUSD, 1.5 pips for USDJPY, 1 pip for GBPUSD, 2.5 pips for Gold, and 3.2 pips for Silver.

The minimum spread for the Just Forex Pro account is 0.6 pips for the EURUSD, 1 pip for the USDJPY, 0.7 pips for the GBPUSD, 2.2 pips for the XAUUSD, and 2 pips for the XAGUSD.

The minimum spreads for the Raw Spread Accounts start from 0 pips for EURUSD, USDJPY, and GBPUSD, 1.6 pips for XAUUSD, and 1 pip for XAGUSD.

No commission is charged for trading on Standard and Pro accounts, while the commission for Raw Spread accounts is 3 units of base currency per lot per side.

Trading Platform Available

Just Forex offers MT4, MT4 PC, MT4 Android, MT4 iPhone, MT4 Web, MT5, MT5 PC, MT5 Android, MT5 iPhone, and MT5 Web to meet a wide range of user needs. MT4 offers 9 timeframes and the ability to trade via charts and automated trading. 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.

Deposit & Withdrawal

From the logos shown at the foot of the home page on Just Forexs official website, we found that this broker seems to support traders to deposit and withdraw funds to their accounts via VISA, MasterCard, Skrill, Neteller, Perfect Money, Bank Transfer, mubux and Fasapay. The minimum initial deposit requirement is said to be only $1.

Deposit & Withdrawal logos

Customer Support

Just Forex‘s customer support can be reached by telephone: +44 1418 461237, email: support@justforex.com. You can also follow this broker on social networks such as Twitter, Facebook, Instagram and LinkedIn. However, this broker doesn’t disclose other more direct contact information like the company address that most transparent brokers offer.

Pros & Cons

Pros Cons
• Multiple tradable assets, account types and payment methods offered • No regulation
• MT4 & MT5 supported • Website inaccessible
• Low minimum deposit ($1)

Frequently Asked Questions (FAQs)

Q 1: Is Just Forex regulated?
A 1: No. It has been verified that Just Forex currently has no valid regulation.
Q 2: Does Just Forex offer the industry-standard MT4 & MT5?
A 2: Yes. Just Forex supports MT4 and MT5.
Q 3: What is the minimum deposit for Just Forex
A 3: The minimum initial deposit at Just Forex to open an account is just $1.
Q 4: Is Just Forex a good broker for beginners?
A 4: No. Just Forex is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website.

News

What to Look for in a Forex Scam

NewsWhat to Look for in a Forex Scam

2022-05-05 16:25

As of April 2019, the spot FX market, which includes currency options and futures contracts, exchanged about $6.6 trillion each day. 1 With such a large quantity of money moving about in an unregulated spot market that trades instantaneously, over the counter, and with little accountability, forex scams entice unscrupulous operators to make quick money. While many once-popular scams have faded away owing to the Commodity Futures Trading Commission's (CFTC) aggressive enforcement efforts and the founding of the self-regulatory National Futures Association (NFA) in 1982, some old scams persist, and new ones keep cropping up.

WikiFX
2022-05-05 16:25
News
What to Look for in a Forex Scam
THE FOREX TRADING PSYCHOLOGY

NewsTHE FOREX TRADING PSYCHOLOGY

2022-04-27 16:30

The financial industry is brimming with prospects for everyone interested in making money. Many traders give in to the urge and jump into the water with their heads down, making reckless deals that aren't backed by analysis or even plain sense. As a result, financial losses are massive, and disgruntled traders are increasing in number. And it was only necessary to take a more responsible approach to this issue, and perhaps there would be no loss at all, and Forex would become an ideal platform for making a significant profit.

WikiFX
2022-04-27 16:30
News
THE FOREX TRADING PSYCHOLOGY
WikiFX report: JUSTFOREX OFFERS NEW PAYMENT METHODS

NewsWikiFX report: JUSTFOREX OFFERS NEW PAYMENT METHODS

2022-04-25 16:26

International broker JustForex continuously perfects and improves the quality of services it offers. The team of the company implemented new payment methods according to the wishes of the customers and current market trends. In August 2018, JustForex implements new payment methods for traders and partners on its website, such as Bitcoin and Bitcoin Cash as well as the option of depositing at Vietnamese and Thai local banks with 0% commission.

WikiFX
2022-04-25 16:26
News
WikiFX report: JUSTFOREX OFFERS NEW PAYMENT METHODS
WikiFX report: Justforex Suspends Services for Clients from Russia and Belarus

NewsWikiFX report: Justforex Suspends Services for Clients from Russia and Belarus

2022-04-25 16:22

The forex broker released a crypto wallet to funnel donations to support Ukraine. Justforex said opening new accounts for clients from these countries is no longer allowed.

WikiFX
2022-04-25 16:22
News
WikiFX report: Justforex Suspends Services for Clients from Russia and Belarus

User Reviews

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User comment

4

Comments

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Octavia Fotheringay
more than one year
The absence of hefty commissions on these accounts is a plus. Cryptocurrency options are good, but some exotic pairs can be pricier. Deposits and withdrawals are smooth, though occasional platform glitches can be a downside.
2023-12-06 10:52
Reply
0
0
FX1528033182
more than one year
Here's the deal – no commission hits for Standard and Pro accounts. But if you're diving into Raw Spread, they're asking for 3 units of base currency per lot per side. Gotta keep an eye on those extra fees, you know?
2023-12-05 13:51
Reply
0
0
紫葳
more than one year
I used to trade with Justforex a lot, having no problems overall. Recently, I saw so many negative reviews about this broker. Well, I don’t know what to say. Trading online must be very cautious.
2023-02-24 15:56
Reply
0
0
FX1178334605
more than one year
As we can see on the exposure part, JustForex has millions and even billions of dollars of scams. They never give you the money back. Do not or no longer deal with them!
2022-12-19 14:12
Reply
0
0
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