Juno Markets Review and Tutorial 2020

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Juno Markets Facts & Figures

Juno Markets is a regulated forex broker offering the MT4 trading platform.

Awards
• Nomination Best Broker in Malaysia 2020 - Trader's Fair
• Nomination Best Global Financials Broker Asia 2020 - Capital Finance International
• Best IB Program 2018 - China Forex Expo
BonusUp to $300 monthly cashback
InstrumentsForex, CFDs, indices, commodities
Demo AccountYes
Min. Deposit$100
Min. Trade0.01 lots
Regulated ByVFSC
MT4 IntegrationYes
MT5 IntegrationNo
Mobile AppsYes
Auto TradingYes
Trade SignalsYes
Islamic AccountYes
CFD
Trade CFDs with 1:500 leverage across multiple markets.
FTSE Spread4
GBPUSD Spread0.3
Oil Spread0.05
Stocks SpreadN/A
Forex

Trade a range of forex pairs with tight spreads.

GBPUSD Spread0.3
EURUSD Spread0.2
EURGBP Spread0.4
Assets75+
Risk Warning – Your capital is at risk

Juno Markets is an online broker specialising in forex, CFDs, and commodities. The broker offers several platforms, including MT4, and provides competitive trading conditions. This review covers no deposit bonuses, live and demo accounts, and more. Find out if you should trade with Juno Markets.

Juno Markets Overview

Founded in 2014, Juno Markets Limited is based and regulated in the Republic of Vanuatu, holding a license with the Vanuatu Financial Services Commission (VFSC).

The broker provides trading services for both beginner and expert traders, offering STP, ECN, and PAMM/MAM accounts.

Trading Platforms

MetaTrader 4

MetaTrader 4 (MT4) is the first choice for many traders around the world, with its award-winning customisable interface and a host of advanced features. The platform is suitable for all levels of traders and offers:

Juno Markets MT4 trading platform

Juno Auto Trader

The copy trading platform is ideal for beginners or those who can’t invest all their time into trading themselves. Users receive access to multiple trading strategies and can build their portfolio based on successful, vetted traders. Get month by month overviews as well as dozens of metrics to help you analyse instruments, profitability, and drawdown.

AutoTrader is available with the STP account.

Markets

Juno Markets offers 100+ tradable products:

Spreads & Fees

Spreads are competitive at Juno Markets. For major forex pairs, spreads average around 0.2 pips for the EUR/USD with the ECN account and go up to 2.2 with the STP account. Spreads average 0.3 pips for the GBP/USD with the ECN account and 2.3 with the STP.

For major indices, spreads start at 2.4 pips for the S&P 500 and approximately 4 pips for the FTSE 100. For metals, spreads are as low as 0.01 for silver with the ECN account and go up to 0.33 with the STP account.

Other fees to be aware of include overnight rollover fees, as well as a $1.50 commission on Institutional accounts and a $4 commission on ECN accounts.

Leverage

Leverage up to 1:500 is available:

Mobile App

Juno Markets offers the MT4 mobile app for users who wish to trade anywhere, any time. Clients have access to advanced features, including real-time price quotes, customisable charts, and preloaded indicators, plus a mobile-friendly interface for easy trading. MT4 for mobile can be downloaded from the App Store or Google Play store.

Juno Markets mobile trading

Payment Methods

Deposits

Juno Markets offers several fast funding methods in various currencies:

There are no deposit fees but make sure to check for any intermediary fees with your chosen method. The minimum deposit accepted is $100.

Withdrawals

Users can withdraw using the same methods above which are usually processed within 24 hours during business days. Again there are no withdrawal fees but there may be fees charged by the chosen method.

Demo Account

Juno Markets offers a demo account with the STP, ECN, or Pro accounts. Users can set their own starting balance and practice trading in a simulated environment, with no risk to funds. If you’re unsure about whether to open a live account, the demo option is a good place to start.

Deals & Bonuses

Juno Markets does not offer any no deposit bonus deals, however, they do offer their Moneta Rewards loyalty program. The program rewards users up to $300 cashback every month, based on the number of lots traded. Specific details and terms can be found on the website.

Regulation Status

Juno Markets Limited is incorporated in the Republic of Vanuatu and regulated and licensed by the Vanuatu Financial Services Commission (VFSC).

Since 2017, the VFSC has made efforts to tighten its regulatory requirements to ensure client protection. As per these regulations, Juno Markets is required to conduct an annual financial audit by an independent auditor as well as depositing a 5,000,000 VT bond with the VFSC as a capital requirement.

Traders from certain countries, including the US and Hong Kong, cannot open a Juno Markets account.

Additional Features

There is a range of useful resources and tools available for beginners and expert traders, including:

Account Types

There are four account types available at Juno Markets: STP, Pro, ECN, and Institutional. The minimum trade size across all options is 0.01 lots. Commission is charged on the ECN and Institutional accounts at $4 per side per lot, and $1.50 per side per lot respectively. The minimum deposit starts at $100 for the STP account and goes up to $25,000 for the Institutional account. Maximum leverage ranges from 1:500 with the STP account and 1:100 with the institutional account.

Note that the Juno Markets Auto Trader is only available with the STP account.

Benefits

Benefits of trading with Juno Markets include:

Drawbacks

The main disadvantages include:

Trading Hours

Trading hours are as follows:

Customer Support

The most notable downside with Juno Markets is the lack of customer support. There is no contact page nor an FAQ page and the only method of support seems to be the live chat service. On testing the live chat, we did not receive a response within the same day, which is disappointing.

The website is accessible in English, Korean, Indonesian and Vietnamese.

Trading Security

Security on the MetaTrader 4 platform is industry-standard, with Secure Sockets Layer (SSL) encryption to ensure the protection of data exchange. A one-time password (OTP) can also be set up on the MT4 platform.

Juno Markets Verdict

Juno Markets is a good choice for all levels of traders. The broker offers competitive spreads and high leverage on multiple live accounts, as well as the reliable MT4 platform for seamless trading of forex and other assets. However, new users may feel limited by the lack of customer support and no deposit bonuses.

Accepted Countries

Juno Markets accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use Juno Markets from United States, Hong Kong, Iran, Korea.

FAQ

What account types are available at Juno Markets?

There are four account types available: STP, Pro, ECN, and Institutional. All four accounts use the MT4 platform and account specifications can be found on the broker’s website.

Does Juno Markets offer any bonuses or promotions?

Juno Markets offers its Moneta loyalty program for traders, where users can earn up to $300 cashback every month. A breakdown of the terms and conditions can be found on the website.

What can I trade on Juno Markets?

Users can trade 100+ assets, including forex, precious metals, energies, and stock indices.

What leverage is offered at Juno Markets?

Maximum leverage ranges from 1:100 with the STP account, to 1:500 with the Institutional account.

Is Juno Markets regulated?

Juno Markets is licensed and regulated by the Vanuatu Financial Services Commission (VFSC) with license number 40099.

Juno Markets is a regulated forex broker offering the MT4 trading platform.