WikiFX Reviews JustMarkets | Is It Trustworthy?

Background:

Established in 2012, JustMarkets, formerly known as JustForex, is a well-established forex broker that holds multiple licenses, offering traders competitive Raw spreads starting from 0 pips and an impressive leverage of 1:3000.

With a range of well-structured trading accounts, JustMarkets ensures traders have access to the popular and reliable Metatrader MT4/MT5 forex trading platforms.

Although JustMarkets is regulated, it lacks a top-tier regulatory license from reputable authorities such as the FCA UK or ASIC. While the broker is considered safe, WikiFX has identified a potential drawback in the form of a lack of Tier-1 regulation.

When it comes to financial assets, JustMarkets has a limited selection available, focusing primarily on the forex market. Traders can access 65 forex pairs, including major and minor currencies, as well as 8 metals, 11 indices, 3 energy contracts (CFDs), 14 cryptocurrency pairs (CFDs), and 165 shares (CFDs). However, it's worth noting that the broker falls short in terms of market and product variety when compared to other providers.

It's important to note that JustMarkets does not accept traders from the EU, EEA, Australia, the UK, and the United States, despite being a regulated broker.

In addition, JustMarkets provides copy trading services, allowing novice or busy traders to easily profit by replicating the trades of successful traders.

Accounts Offered:

JustMarkets offers various of accounts depending on the selected trading platform (MT4/MT5):

Deposit and Withdrawal Methods:

JustMarkets offers a myriad of deposit and withdrawal options, which include worldwide cards and banks, worldwide wallets, cryptocurrencies, local banks, cards, mobile money and local wallets.

Trading Platform:

While JustMarkets does not offer a proprietary trading platform, it provides its customers with the renowned MetaTrader platform. Traders can choose between the widely used MT4 and MT5 versions, available in browser, desktop, and mobile app formats. Mobile apps cater to both Android and iOS users, ensuring flexibility and convenience for traders on the go.

Customer Service:

JustMarkets provides 24/7 online customer service in multiple languages, allowing customers to receive the necessary support and assistance anytime. Supported languages include English, Portuguese, Spanish, etc.

WikiFXs Verdict:

WikiFX is a global forex broker regulatory query platform that houses verified information of over 46,000 forex brokers. We research, review and rate forex brokers from various aspects to prove their credibility.

From here, it is stated that JustMarkets has a WikiScore of 7.97 out of 10, which means this is a fairly reliable broker.

Operating under various licensed entities across different countries, JustMarkets maintains compliance with regulatory standards: