The online broker, founded in 2012, specializes entirely in traders who want to trade cheaply with the world's currencies. Two metals are also on offer. Several versions of the MetaTrader are available for processing trades. Customers can also choose between four different accounts. Depending on the account, you can start trading with a deposit of one US dollar or one euro. Levers of up to 1:3,000 are available in trading, so that even the smallest price changes between the currencies lure considerable profits. In addition, JustForex offers its customers extremely fast processing and consistently favorable conditions ||53
|🥇 Bester Abieter||JustForex|
|⭐Bewertung||4.0 / 5.0|
|🐂 Underlyings||84 currency pairs + 2 metals|
|💻 Software||MetaTrader 4|
In the industry for Online brokers are still bustling with a few providers, including some black sheep. However, JustForex is a reputable representative who also has a license at its location in Belize, Central America.
Our experience at a glance
Overall, we have had very positive experiences with JustForex made. What catches the eye at first glance is the very favorable cost structure and the opportunity to start trading with very small amounts. For this reason, JustForex is particularly suitable for beginners and newcomers who want to try trading currencies with little risk. Because traders need experience at the latest when they start trading with larger sums, where a leverage of up to 1:3000 can be used. For beginnersa free demo account is also available. The specific values that can be traded depend on the selected account. In total, the offer includes 85 currency pairs and two precious metals.
|Address||No. 1 Orchid Garden street, P.O. Box 445, Belmopan, Belize|
|Regulation||Belize International Financial Services Commission|
|Phone||+371 67 881 045|
In our test we would now like to put this forex broker through its paces. In addition to the possibilities in trading and the conditions that the individual accounts offer, the leverage available in each case should also be taken into account. In addition, we would like to present which currency pairs and which currencies in general can be traded at JustForex. An important aspect for customers of online brokers in forex trading are the modalities that apply to deposits and withdrawals. Special attention should also be paid to the area of security and regulation. Other aspects that played a role in the test are contact options and support, the user-friendliness of the software and the options for trading via mobile devices.
JustForex: fraud or not?
Beginnen möchten wir mit der Beantwortung der Frage, ob die Trader bei diesem Anbieter mit Abzocke und Betrug rechnen müssen. Leider ist dies in der noch recht jungen Branche nicht immer auf den ersten Blick zu erkennen, wie es um die Zuverlässigkeit des Unternehmens bestellt ist. Es gibt dabei mehrere Punkte, auf die in diesem Zusammenhang geachtet werden sollte. Wichtig ist zunächst der Standort eines Anbieters, sowie die Frage, ob dort auch eine Lizenz vorliegt und auf eine staatliche Regulierung vertraut werden kann. Dies kann im Falle von JustForex positiv beantwortet werden, wenngleich es sich bei Belize nicht um einen Standort in der EU handelt. Der Staat Belize gilt aber als stabil und zuverlässig in der Kontrolle der wirtschaftlichen Aktivitäten.
In addition, industry observers also consider the extent to which this provider is integrated into networks and, for example, internationally recognized payment providers, to be an important indicator of the reliability of an online broker works together. Here, customers can rely on the world's best addresses. Among others, JustForex cooperates with the credit card providers Visa and MasterCard, as well as with internationally renowned banks. For JustForex also speaks that so far no negative reports have become known.
Now the offer should be examined more closely. As already mentioned, theonline broker has specialized in trading foreign exchange. A fairly wide range of pairs can be traded, with very favorable terms and impressively high leverage. The offer for trading and the conditions initially differ somewhat, depending on which account was selected. It also depends on the account which leverage can be used and which spreads can be expected in trading. In principle, the decision for the optimal account depends above all on the amount with which you want to start trading. In principle, however, it is also possible to switch between accounts at any time.
Accounts with different conditions and leverage ratios
Including the free demo account, you can choose between A total of five accounts can be selected. The demo account for risk-free gaining experience in Forex trading can be used free of charge, but is available for a maximum of 90 days. As an entry-level variant, JustForex offers customers the so-called cent account. There is no minimum deposit and leverage of up to 1:1000 can be used. Commissions in trading are not calculated here, the average spreads start at 0.3 points. The mini account offers similar requirements. Here, too, no specific deposit amount is required, but a leverage of up to 1:3,000 is offered.
Traders who opt for the Standard account model can count on even more favorable conditions. The minimum deposit here is 100 US dollars. For the traders, who can also use a maximum leverage of 1:3,000, this solution offers the advantage of favorable spreads, which start at 0.1 points in average trading. From a minimum deposit of 500 US dollars, the so-called ECN account can be opened. Here the traders trade at the market spreads and only have to pay a small commission. This model is worthwhile for traders who want to enter the market with higher sums.
These currency pairs and instruments are available
It depends on the selected account which currency pairs are used can be traded. The standard account has the widest selection. A total of 84 currency pairs as well as the precious metals gold and silver are available for trading. Among the currencies are of course the world's four most important currencies, i.e. US dollars, euros, Japanese yen and British pounds. The available combinations also include the currencies of Switzerland, Scandinavian currencies, the Russian ruble and the South African rand. In addition, the important dollar currencies of Singapore, Canada, Hong Kong and Australia are in the portfolio. The range is rounded off by some Eastern European currencies, such as the forint from Hungary, the zloty from Poland or the Czech koruna.
In addition, numerous instruments and strategies can also be implemented in trading, such as scalping or moving average . In addition, traders can access the most important order types, such as stop loss, take profit or trailing stop. The conditions are favorable, in the case of the standard account the spread is between 0.1 and 1.1 points when trading with the important currency pair US dollar vs. Euro.
Social trading is also possible
Bei JustForex haben die Trader auch die Möglichkeit, im Social Trading ihr Glück zu versuchen. Zum einen bieten zahlreiche Top Trader ihre Strategien an. Mit einem beliebigen Betrag können Trader ohne eigene Erfahrung einem solchen Toptrader folgen. Als zweite Möglichkeit bietet JustForex seinen Kunden die Übermittlung von MQL5 Signalen an. Dabei kann aus einer Reihe von Signalgebern gewählt werden, wobei hier die unterschiedlichsten Handelsstrategien im Angebot sind. So ist es zum einen möglich, auch ohne spezielle Erfahrungen in diesem Segment von erfolgreichen Strategien zu profitieren. Außerdem können so Schritt für Schritt auch eine eigene Expertise und Erfahrungen aufgebaut werden, um eigene Strategien zu entwickeln und umzusetzen.
Currently no bonus at JustForex
The bonus has always played an important role in the field of online brokers. The providers are trying to gain an advantage over other online brokers. Above all, the so-called welcome bonus has established itself. Additional capital is offered to customers who register for the first time and deposit an amount for trading. However, although this bonus capital can be used in trading, it can only be paid out when the corresponding turnover has been achieved.
Before this background, there has been a long-standing discussion among traders as to the extent to which such a bonus is an actual one represents an advantage. Critics point out that the terms and conditions attached to such a bonus primarily motivate the trader to invest more money and trade more risky. Proponents see the additional capital above all as better opportunities and chances of profit. In assessing the bonus, every trader must form their own opinion. However, this decision does not have to be made in the case of this online broker, since there is currently no JustForex bonus on offer. However, we do not want this circumstance to be rated as a clear disadvantage.
Deposits and withdrawals – there are many options
From the point of view of every trader, the question of how deposits and withdrawals work is important let it cope. As an international online broker, JustForex offers its customers a very large selection of different methods. However, these are linked to specific conditions. First of all, the credit card can be used for the deposit. The most important providers, i.e. Visa and MasterCard, are accepted. In addition, the account can also be capitalized for trading with several online services. Providers include WebMoney, Skrill and Neteller. When depositing by credit card, the money is available in the account immediately after the transaction is completed. With other methods it can sometimes take up to an hour before the money can actually be traded.
|Payment methods at JustForex|
|Deposit methods:||Visa , MasterCard, fasapay, Skirll, Neteller, WebMoney, WireTransfer, Quiwi|
|Minimum deposit:||depending on account and method from 1 CAD|
|Currencies Accepted:||US Dollar, Euro, RMB, IDR, MYR|
|Payout Methods:||Visa, MasterCard, fasapay, Skirll, Neteller, WebMoney, WireTransfer, Quiwi|
In principle, the same methods that are available for deposits can also be used for paying out capital. In general, however, as with most online brokers, the rule applies that the same method must always be used for withdrawals that was used to deposit. While there are no fees charged for deposits, there are fees associated with withdrawals depending on the method used. For payments by credit card, these are 2.4 percent of the transaction volume. With Skrill, a fee of one percent of the payout amount must be calculated. On the other hand, the Skrill service is available free of charge for withdrawals. There are no significant restrictions on the amount of deposits and withdrawals. Transactions can be carried out from one US dollar or one euro.
Everything is fine with security and regulation
A very important issue for every trader is the question of the seriousness of the provider as well as after the security of his deposits. In our opinion, the provider can be regarded as serious, since there is regulation at the location in Belize. In addition, JustForex also works with well-known banks, so that a certain control of the company can also be assumed in this way. A total of 18 international banks ensure the necessary liquidity in trading. In this context, the online broker JustForex also points out that well-trained financial experts are employed who ensure smooth processing of trading and all transfers.
The question of protecting customer deposits is also important is ordered. Here, reputable online brokers have adopted the practice of managing customer funds separately from the company's financial resources. This is the only way to ensure that customer funds continue to be protected in the event of payment difficulties on the part of the provider. This practice is also followed by JustForex, so traders don't have to worry about fraud or rip-offs in this regard either.
Telephone support in English
There are various options for direct support from the team. If you have any questions about the JustForex offer, you can contact the broker via a telephone hotline. There is also a separate department with its own telephone number for handling financial transactions. These offers are available in English, as is the FAQ section. All important questions about the JustForex offer are summarized here in a clear form.
User-friendly structure of the site
All in all, the online presence of JustForex left a positive impression. The structure is very clear and allows customers to quickly navigate to the content they are interested in. The conditions that apply to the individual accounts are presented in an absolutely clear and transparent manner. Very open and detailed information is also provided on the topics of safety and regulation. The software that is used to carry out the actual trading is also extremely user-friendly. Here JustForex relies on the MetaTrader 4, a trading software that has established itself as an important standard for online trading for years.
Of course, mobile trading is also possible
Of course, JustForex also offers its customers the opportunity to participate in mobile trading. A free JustForex app based on MetaTrader 4 is offered for this purpose. All functions that are available via regular trading on the desktop PC can also be used via the mobile device. A version is available for free download for both iOS and Android.
Conclusion - JustForex is convincing in trading with foreign exchange
With JustForex, traders opt for an online broker who fully specialized in trading in Forex products. The target group includes both beginners and experienced traders. Depending on the requirements, trading can be carried out using different accounts that offer different conditions. With the standard version, 84 currency pairs as well as gold and silver are available for trading. JustForex convinces with a very fast and precise processing of all transactions as well as very favorable conditions. With a view to security and seriousness, we were able to determine an absolutely solid standard in our test.