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Broker Information

  • Company Name: JF Global Limited
  • Founded: 2012
  • Country: St. Vincent and the Grenadines
  • Phone: +37167881045

Platform Info

  • Web Based: Yes
  • Mobile Trading: No

Broker Services

  • Regulators: FSA
  • Bonus: 100% FTD Bonus up to $100(t&c apply)
  • Minimum Deposit: $0
  • Leverage: From 1:3 to 1:3000
  • US Clients: No
  • Funding Methods: Visa, MasterCard, Neteller, Union Pay, BitCoin, Bitcoin, Bitcoin Cash, Qiwi Wallet, WireTransfer, Perfect Money
  • Pairs Offered: 60+

JustForex Review

Launched in 2012, JustForex has slowly become a veteran of the online Forex industry. Unfortunately, his reputation does not seem to match his experience.

While not all users have a negative opinion about the JustForex service, some do, and do not hesitate to express their dissatisfaction through various forums and forums.

The complaints cover a wide range of problems, but most report a type of manipulation of prices and graphics by the broker.

Apparently, some merchants have also had problems trying to withdraw their funds. The bonuses and promotions administered by the broker have often also been described as deceptive.

While one should never ignore real commercial comments, it is more than justified to take it all in with the proverbial grain of salt. Those who have lost their money are always more inclined to post comments and, sometimes, may exaggerate or not present the full picture.

Having said that, seeing so many complaints is certainly not reassuring with regards to JustForex services.

Further aggravating the general image of the corridor is its murky regulatory status. JustForex is what one would call an “offshore” broker, not regulated in any of the world’s major financial centers.

The company that owns the JustForex brand is a certain JF Global Limited, with headquarters in Suite 305, Griffith Corporate Center, PO Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines.

Currently regulated and authorized by the local FSA (Financial Services Authority), with license number 23993, JustForex and JF Global made some shady regulatory changes in the past.

At one point, the operation was listed as authorized by the financial authorities of Belize, although no evidence was provided in this regard, outside of a non-verifiable license number.

Justforex-Main

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.

MT4

Market Coverage

JustForex is obviously focused on currency pairs. The only tradable commodities it supports are gold and silver.

Alongside a massive selection of FX pairs, the broker offers an astonishing range of crypto/crypto and crypto/fiat pairings. This selection covers BTC, XRP, ETH, ETC, NEO, LTC and DSH among others. The fiat side includes USD, JPY, EUR and RUB. 

Support

JustForex’s support staff can be contacted through the live chat feature available on its website.

English phone support is available 24/7. The support phone numbers are
+371 67 881 045 and +44 1418 461237.A callback feature is also part of the package.

The support email is [email protected]

JustForex Conclusion

JustForex offers great trading conditions as well as some positively superb account types.

The number of tradable cryptocurrency pairs is simply amazing.

That said, it is really difficult to look past the bad reputation of the brokerage.

Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions.
 

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