JustForex Review 2022

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JustForex Facts & Figures

With ultra-low spreads, MetaTrader tools and 170 trading instruments, JustForex has a lot to offer new clients.

Bonus120% deposit bonus
InstrumentsForex, CFDs, indices, shares, commodities, cryptocurrencies, futures
Demo AccountYes
Min. Deposit$1
Payment MethodsAlipay, Bitcoin Payments, Credit Card, Doku Wallet, FasaPay, Mastercard, Neteller, Perfect Money, Skrill, Sticpay, Visa, Wire Transfer
Min. Trade0.01 lots
Regulated ByUnregulated
MetaTrader 4Yes
MetaTrader 5Yes
STP AccountNo
ECN AccountNo
DMA AccountNo
Mobile AppsYes
Margin TradingNo
Auto TradingYes (EAs)
Social TradingYes
Copy TradingYes
Trade SignalsYes
Islamic AccountYes
Start investing in the financial markets with flexible contracts for difference.
FTSE Spread1 - 2.5 
GBPUSD Spread0 - 1.0
Oil Spread2.0
Stocks SpreadVariable

Leveraged FX trading is available across multiple accounts.

GBPUSD Spread0 - 1.0
EURUSD Spread0 - 1.0
EURGBP Spread1 - 2.5 

JustForex offers leveraged crypto trading with zero-pip spreads.

SpreadFloating from zero
Risk Warning – Your capital is at risk

JustForex is a retail FX and CFD broker offering the MT4 and MT5 trading platforms. The online brokerage caters to all trading styles, including hedging and scalping. Our review covers spreads, leverage, account types and bonuses. Find out whether you should open a real account with JustForex.

JustForex Details

The company was established in 2012 and is based in St. Vincent and the Grenadines. JF Global Limited is the corporate owner of the brand and offers over 170 trading instruments across four account types that suit all trader levels.

JustForex serves millions of clients from 197 countries and is one of the most popular brokers in Asia. However, JF Global Limited does not accept traders from the United States, Japan and the UK.

The broker is a trusted brand, receiving hundreds of positive reviews online. Despite this, JustForex is unregulated and registered with the Financial Services Authority (FSA) as an International Business Company (IBC).

Trading Platforms

JustForex offers the elite trading platforms MetaTrader 4 and MetaTrader 5.

MetaTrader 4

Clients can trade with the popular MT4 platform, best known for trading on the forex market. The MT4 dashboard supports advanced charting functionality, 30 technical indicators, 9 timeframes, automated trading and other tools for real-time market analysis. The user-friendly platform is great for novice traders.

JustForex also recently launched a new MT4 server called JustForex-Live2 to expand technical capacity.

JustForex MetaTrader 4 platform
JustForex MetaTrader 4 platform

MetaTrader 5

The MT5 platform offers an enhanced trading experience. The platform is better suited to professional traders. The MT5 dashboard supports 38 technical indicators, 44 graphical objects, 21 timeframes, one-click trading, built-in depth of market widgets and an economic calendar.

Users can customise and upgrade their dashboard to suit individual needs. MQL5 Signal Trading supports social investing on both platforms.

JustForex MetaTrader 5 platform
JustForex MetaTrader 5 platform

Users can download and access MT4 and MT5 on Windows PC, webtrader, Android and iOS. Mac OS is available via Wine, with limited access to new indicators and advisors.

Note, JustForex does not allow third-party add-ons.


The JustForex platforms offer over 170 trading instruments and have multiple assets:

Spreads & Commission

Spreads on JustForex are low and floating on all accounts. Spreads on Standard Cent and Standard accounts start at 0.3 pips and 0.1 on the Pro account while users on the Raw Spread account enjoy spreads from 0 pips. Depending on the account type, average live spreads on major forex pairs, such as GBPUSD, are 0.7 and 0.6 on EURUSD. Spreads on indices, such as NASDAQ 100 and Volatility 75 index, are 1.0.

Apart from the Raw Spread account, which charges 3 units of the base currency per lot/side, the broker does not charge any commissions.

When looking at JustForex vs other well-known brokers such as Exness, HotForex, XM, OctaFX and FBS, the broker comes in at competitive prices.


Depending on the account type, JustForex offers leverage up to 1:3000. Thus, clients can apply various trading strategies without needing to place large deposits. The broker reduces the risk from potential losses by narrowing leverage size as more funds are deposited. Details on leverage requirements along with a margin calculator are available on the company website.

Mobile Trading

The broker does not have a proprietary mobile app. However, the MT4 and MT5 mobile apps connect to the JustForex server. While the desktop version offers the most convenient experience, the mobile solution is a great alternative for investors looking to manage trades regardless of location. Like the desktop terminal, the mobile app offers the same technical indicators, timeframes and analytical charts.

JustForex mobile trading apps
JustForex mobile trading apps

Download MT4 and MT5 on the App Store (iOS) and Google Play (APK).



There’s a good range of payment methods at JustForex:

The minimum deposit varies from $1 to $500 depending on the method. All payments are free except for cryptocurrencies, which charge a 1% fixed rate.


Withdrawal options are the same as deposit methods. All transactions are processed within one to two hours on top of the payment provider’s timelines. Fees vary across withdrawal options. For example, card options come with a  2.4% + €2 fee. Minimum withdrawals range from $1 to $500.

Demo Account Reviews

JustForex offers a demo account, offering up to $5 million in credit. Users can test out strategies in real market situations without risking money. Traders can only open a demo account from the back office homepage. Once you’ve received your demo account login credentials, you can test the MT4 and MT5 platforms on all account types. Users are free to open a real live account when they are ready.

JustForex Bonuses

JustForex is known to offer regular promotions, online trading contests, Christmas rebates and welcome bonuses. For example, traders could win a generous 100% to 200% bonus. Previously, the broker ran a free $30 Xmas welcome bonus with no deposit required. The broker also ran an exclusive promo code for Nigerian clients.

A 2021 trading contest provides the opportunity to win deposit bonus prizes up to $500 with just a $100 cash outlay. Currently, the broker is running a 120% bonus promotion up to $40,000.

Overall, JustForex offers plenty of opportunities to pick up extra trading cash. To participate and claim any bonus, users simply need to sign up on the broker’s Promotions page. Users should always read terms and conditions before claiming.


JustForex was previously regulated by the IFSC in Belize. However since 2017, JF Global Limited has been registered in St. Vincent and the Grenadines under the Financial Services Authority (FSA) as an International Business Company (IBC).

Despite this, the company is an unregulated forex broker, as the FSA does not monitor, supervise or license IBCs that engage in online forex trading. With 8+ years since establishment, this review would have liked to see JustForex under the oversight of an established regulatory body.

Additional Features

JustForex Accounts

New users have a choice between Standard Cent, Standard, Pro and Raw Spread account options:

A swap-free account is also available for Islamic traders. Users can open accounts in USD, GBP, EUR, IDR, CNY MYR, KWD, ZAR and more.

To open a live account, ID verification is required and users must pass Know Your Customer (KYC) checks. Once registration is complete, you can login to the back office via the homepage.

Take note of the MetaQuotes user agreement before opening a live account. Terms and conditions can be found on the broker’s website.



Trading Hours

Each market is subject to specific trading hours. Forex, indices, stocks and commodities are open 24/5 on Mondays to Fridays. You can find instrument specific trading hours on the JustForex website.

Customer Support

Contact details for the customer support team:

Customer support is offered in English, Indonesian, Malaysian and Chinese 24 hours a day, 7 days a week.

The multi-lingual support team can deal with most account and technical queries i.e. if you forgot your password or come across ‘trade is disabled’ errors. JustForex also provides a comprehensive FAQ page.

The broker’s headquarters can be found at JF Global Limited, Suite 305, Griffith Corporate Centre, P.O Box 1510, Beachmont, Kingston, St. Vincent and the Grenadines.


Security processes at JustForex are legit. Client funds are kept in segregated bank accounts. The broker also ensures data transfer protection via SSL encryption and hosts a multilevel system of servers with data backup. Additionally, JustForex provides negative balance protection.

JustForex Verdict

JustForex is a market maker with a decent portfolio of trading instruments and competitive spreads from zero pips. The broker also offers the leading MT4 and MT5 platforms across several account tiers. Some may be hesitant to start trading with an unregulated broker, however, JustForex maintains thorough security measures and receives positive customer reviews and comments.

Accepted Countries

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

Traders can not use JustForex from United States, United Kingdom, Japan.

Alternatives to JustForex

If you are looking for alternatives to JustForex we have compiled a list of the top 5 brokers that are similar to JustForex below. This list of brokers like JustForex is in order of similarity and only includes companies that accept traders from your location.

  1. EagleFX – EagleFX is a popular trading broker offering forex, stocks, cryptos & commodities.
  2. Forex.com – Forex.com boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer very tight spreads and a cutting edge platform.
  3. ZuluTrade – Zulutrade provide multiple automation and copy trading options across forex, indices, stocks, cryptocurrency and commodities markets
  4. LQDFX – LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.
  5. Exinity – Exinity provides flexible low-cost trading in FX, commodities, indices and equities alongside unique education and support provided by teams located across the world. Now operating in the Middle East, through regulation from the Financial Services Regulatory Authority in Abu Dhabi and the Financial Services Commission of Mauritius, Exinity provides a range of services to traders and investors looking for new opportunities in the financial markets.


Is JustForex a regulated broker?

No. Whilst JustForex is registered under FSA as an IBC, this regulator does not offer licenses for forex trading. With that said, the broker does receive positive customer reviews.

Does JustForex offer a demo account?

Yes. JustForex offers a demo account with up to $5 million in virtual credit. To open an account, users must enter basic details such as an email address.

How much capital do I need to trade with JustForex?

JustForex requires a minimum deposit of $1 on Standard Cent and Standard accounts and $100 on Pro and Raw Spread accounts. This makes the brokerage a good option for beginners.

Is JustForex a good broker?

The broker receives excellent comments from customers. It offers a good range of trading instruments with competitive spreads. While they are not regulated, JustForex has strong security processes in place to protect clients.

Is JustForex a trustworthy broker? 

While JustForex is an unregulated broker, it follows tight security protocols and offers negative balance protection. Thus, it is unlikely JustForex is a scam.

With ultra-low spreads, MetaTrader tools and 170 trading instruments, JustForex has a lot to offer new clients.

JustForex vs Other Brokers

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