Since then, Belize’s regulatory list has been removed from the official JustForex website.
In its current state, the aforementioned FSA license does not give much influence to the operation in the regulatory trust department. Saint Vincent and the Grenadines are not among the most prestigious regulatory jurisdictions.
While the JustForex website states that the brokerage does not accept US operators. UU., Your services are apparently sold elsewhere.
However, it is not clear exactly what regulatory umbrella the broker uses to operate in the EEA.
Knowing the above, why would you want to sign up with this broker?
Beyond the usual propaganda about integrity, professionalism, innovation and the like, in fact, JustForex offers access to a recognized and popular commercial platform. It is actually compatible with several versions of MT4.
The main point of sale of the operation is its extensive selection of cryptocurrency CFDs. While these trading instruments are not regulated in any way, they do offer traders exposure to some of the most dynamic and interesting tradable assets.
The maximum leverage in some tradable assets is an incredible 1: 3,000 and spreads start from 0 pips, so in fact there is some merit in the trading conditions offered by the broker.
Despite its unstable regulatory conditions, JustForex lists 18 of the world’s largest banks as its liquidity providers and keeps the money deposited by its operators in segregated bank accounts.
JustForex Account Types
There are no less than three account options in JustForex that do not have a minimum deposit requirement. Obviously, in order to make transactions through these accounts, operators must make a deposit of real money of some kind.
One of those accounts in the Cent Account, which is the most basic configuration offered by the broker.
Instead of USD, the base currency of the account is USC (US Cent). This account option is obviously aimed at micro merchants and represents a great intermediary from the Demo account.
The Cent account offers a maximum leverage of 1: 1000 and does not charge commissions. Compared to other brokers, spreads are very attractive: they start from 0.3 pips in popular tradable assets, such as EUR / USD.
The Mini Account does not require a minimum established deposit either. Unlike the Cent Account, it supports no less than 8 coins.
The maximum leverage in this case is 1: 3000 and the spreads start from 0.3 pips.
With your minimum deposit requirement of $ 100, the standard account remains extremely accessible. For that amount of money, traders can trade for more or less significant amounts.
This type of account supports 8 coins, as well as a maximum leverage of 1: 3000. Standard spreads start from just 0.1 pips.
Raising the stakes one step further is the ECN zero account. Your minimum deposit requirement of only $ 500 is extremely reasonable.
Those who register for such account, obtain commercial executions of ECN and differentials from 0 pips. However, the cost of that translates into commissions.
The maximum leverage on this type of account is 1: 500.
Last, but not least, we have the dedicated Crypto account, which also does not come with a minimum deposit requirement.
For this type of account, the base currency is USD. Spreads start from 0 pips, commissions are charged and the maximum available leverage is 1: 3. Taking into account the volatility of this asset class, that is very reasonable.
This type of account focuses on cryptographic CFDs, so no, there are real intermediaries offered by the broker for purchase.
JustForex Trading Platforms
The only trading platform offered by the broker is MT4. However, considering the creation capabilities of MetaQuotes, that is enough.
JustForex presents 4 MT4 versions: a desktop, a web trader, as well as iOS and Android versions. While there are some differences between these versions, the most important capabilities and commercial tools are present in all areas.
The tracing power of MT4 is unparalleled. The platform is fully customizable and offers an amazing range of time frames, chart types and drawing tools for technical analysis.
The version that can be downloaded for free from the JustForex website includes more than 80 preinstalled technical indicators.
Merchants are free to expand this selection by adding indicators purchased from third parties or created from scratch.
JustForex supports EAs. Expert advisors are designed to handle automated trading. Custom scripts can also be added to the mix to optimize results.
Automated trading only makes sense in reality through a VPS, which can continue to drive the strategies established 24 hours a day, without the need for comments from the merchant.
The JustForex website allows the broker to offer a VPS service. But it turns out that the page on VPS simply recommends an external provider.
MT4 is compatible with one-click trading of graphics and a multitude of order types.