Score
JustForex
Seychelles|2-5 years| https://justforex.biz
Website
Rating Index
Influence
Influence
C
Influence index NO.1
Turkey 2.81Contact
Licenses
Licensed Institution：Just Global Markets Ltd
License No.：SD088
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Seychelles
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
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Website
justforex.biz
Server Location
United States
Website Domain Name
justforex.biz
Server IP
172.67.70.74
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.
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.
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).
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.
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. |
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
News
News What to Look for in a Forex Scam
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.
2022-05-05 16:25
News THE FOREX TRADING PSYCHOLOGY
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.
2022-04-27 16:30
News WikiFX report: JUSTFOREX OFFERS NEW PAYMENT METHODS
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.
2022-04-25 16:26
News WikiFX report: Justforex Suspends Services for Clients from Russia and Belarus
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.
2022-04-25 16:22
News WikiFX report: JustForex Announces New Trading Conditions to be Made Available for Clients
Completely new trading conditions and account types will become available to all JustForex clients as early as next week.
2022-04-25 16:16
Review 7
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Kyle Loh
Malaysia
I deposited $13,000 and hope to make money through the trading services provided by Justforex. I withdrew some, but there is still $9,000 left. This isA deposit of $9,000. If you count the profit I earned, it can be as high as 36,700$. They all cancelled. Then on February 18, 2021On the day, I was disapproved of my account and stopped all transactions.
Exposure
2021-09-23
Andy loh
Malaysia
Justforex block all of my trading accounts and log-in portals. I still have emails from Justforex.
Exposure
2021-09-14
talal baig
Pakistan
A year ago, I opened a personal trading account at Justforex to learn about Justforex's mechanism and features. It was pretty reassuring about them (of course, knowing through advertisements, not from an authentic organization like FPA). As a result, I decided to cooperate with them and become their IB partner. open account.png I understand it's inconvenient but Justforex block all of my trading accounts and log-in portals. I still have emails from Justforex.
Exposure
2021-08-31
Mayaz Ahmad
Bangladesh
People are complaining against this broker and advising others to stay away from this scam broker.
Exposure
2021-05-24
Octavia Fotheringay
Ecuador
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.
Neutral
2023-12-06
FX1528033182
South Africa
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?
Neutral
2023-12-05
FX1178334605
New Zealand
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!
Neutral
2022-12-19