Juno Markets Review 2023
- Daytrading Review Team
Juno Markets will appeal to traders based in the Asia-Pacific region looking for community and copy trading features. However, we found regulatory oversight and client safeguards are lacking compared to many alternatives.
Juno Markets is an offshore forex and CFD broker, founded in 2014. Particularly renowned in Asia, this broker aims to provide superior trading technology to both beginners and experienced traders. The brokerage is trusted by over 100,000 traders in more than 90 countries and is regulated by the Vanuatu Financial Services Commission (VFSC).
An impressive selection of 75+ currency pairs are available with spreads from 0 pips and minimum trade sizes from 0.01 lots. Forex beginners can also start with just a $25 deposit.
Access popular global stocks and act on the broker's real-time signals. There is also a proprietary copy trading platform so you can build your portfolio by leveraging the trades of other investors.
Trade CFDs across popular asset classes with high leverage up to 1:500. Traders can also be assured of no restrictions or requotes in the reliable MT4 platform, plus 50+ technical indicators.
Juno Auto Trader connects newer traders with experienced investors looking to mirror trade setups and strategies in their own accounts. Monthly account metrics can be used to track your portfolio performance.
- 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
- STP and ECN accounts to suit different trading styles plus swap-free profiles for Muslim traders
- Real-time signals in the broker's Telegram channel, plus community insights in the Facebook page
- Copy-trading opportunities in the proprietary Juno Auto Trader with a $100 minimum investment
- User-friendly, interactive economic calendar with filters and convenient personal calendar integration
- No-commission accounts available with transparent spreads
- Poor customer support compared to other brands
- Offshore regulation reduces client safety
- Limited USD and EUR payment methods
- No trading in cryptocurrencies
- US traders not accepted
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.
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:
- 50+ indicators and customisable charting tools
- No trading restrictions or re-quotes
- Available in 40 languages
- Real-time pricing
- One-click trading
- 9 time frames
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.
Juno Markets offers 100+ tradable products:
- Forex – Trade over 75 major, minor, and exotic currency pairs including GBP/USD, EUR/USD, and EUR/GBP
- Metals – Trade on gold, silver, platinum, and palladium
- Stock indices – Trade on 11 of the world’s largest and most liquid indices, including the FTSE and Dow Jones
- Energies – Trade on Brent Crude Oil
- Equity CFDs – Trade on some of the largest companies in technology and pharmaceuticals, from Tesla and Zoom to Facebook and Pfizer
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 up to 1:500 is available:
- STP – 1:500
- Pro – 1:400
- ECN – 1:200
- Institutional – 1:100
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 offers several fast funding methods in various currencies:
- Instant bank transfer (MYR, IDR, VND, THB, PHP)
- International bank wire (USD, EUR, AUD)
- Cryptocurrencies (BTC, ETH, USDT, USDC)
- Skrill & Neteller (USD, EUR, AUD)
- Union Pay & Alipay (CNY)
- Ngan Luong (VND)
- Fasapay (IDR)
There are no deposit fees but make sure to check for any intermediary fees with your chosen method. The minimum deposit accepted is $25.
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.
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.
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.
There is a range of useful resources and tools available for beginners and expert traders, including:
- Real-time signals provided on Telegram
- Alpha-Generation indicators for MT4
- Beginners guide to trading
- Daily insights and news
- Economic calendar
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 $25 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.
Trading hours are as follows:
- Forex – Sunday 5 pm EST to Friday 5 pm EST
- Metals – Monday 1 am to Friday midnight GMT
- Stock indices – Varies by index, see the broker’s website for details
- Energies – 3 am to 12 pm GMT for Brent Oil, 1 am to 12 pm GMT for WTI Oil (Monday to Friday)
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.
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.
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.
Juno Markets Details
|Minimum Trade||0.01 Lots|
|AI / Machine Learning||No|
|Negative Balance Protection||No|
|Guaranteed Stop Loss||No|
CFD Trading Details
Forex Trading Details
Top 3 Alternatives to Juno Markets
Compare Juno Markets with the top 3 similar brokers that accept traders from your location.
World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
Go to World Forex
IG Group – IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.
Go to IG Group
Kwakol Markets – Kwakol Markets is a Nigerian headquartered broker with strong regulatory oversight in Australia and Canada. A great selection of day trading assets are available, including synthetic products that simulate realistic market activity. Clients can trade on the MT4, MT5 and cTrader platforms, as well as a copy trading solution whereby a fee is only paid on profitable trades.
Go to Kwakol Markets
Juno Markets Comparison Table
|Juno Markets||World Forex||IG Group||Kwakol Markets|
|Markets||Forex, CFDs, indices, commodities||Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts||CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting||CFDs, Forex, Stocks, Indices, Commodities, Crypto|
|Minimum Trade||0.01 Lots||0.01 Lots||0.01 Lots||0.01 Lots|
|Regulators||VFSC||SVGFSA||FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA||ASIC, FINTRAC|
|Bonus||Up to $300 monthly cashback||100% Deposit Bonus||–||–|
|Platforms||MT4||MT4, MT5||MT4, AutoChartist, TradingCentral||MT4, MT5, cTrader, AutoChartist|
|Leverage||1:500||1:1000||1:30 (Retail), 1:250 (Pro)||1:1000|
Compare Trading Instruments
Compare the markets and instruments offered by Juno Markets and its competitors. Please note, some markets may only be available via CFDs or other derivatives.
|Juno Markets||World Forex||IG Group||Kwakol Markets|
Juno Markets vs Other Brokers
Compare Juno Markets with any other broker by selecting the other broker below.
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|Juno Markets is an offshore forex and CFD broker, founded in 2014. Particularly renowned in Asia, this broker aims to provide superior trading technology to both beginners and experienced traders. The brokerage is trusted by over 100,000 traders in more than 90 countries and is regulated by the Vanuatu Financial Services Commission (VFSC).|
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.