JustForex Review


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JustForex Review


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Overview



Pros & Cons



Platforms

Overview

JustForex was founded in 2012 as a retail FX and CFD broker. The broker operates out in the Grenadines and Saint Vincent. Also, The broker claims that every new customer can open an account every eight seconds.

It caters to all the trading styles, from scalping to hedging. It is among Asia’s most popular brokers but does not offer services to traders from the United States, Japan and the United Kingdom. In addition, JustForex is certified as an International Business Company (IBC) by the Financial Services Authority (FSA).

JustForex has various ways to attract more customers; one of them is being generous about their promotions. The broker offers 170 trading instruments across four types of accounts best suited to traders of all levels. It serves millions of traders from 197 countries worldwide.This review explains it:

Is JustForex legit or a scam?

JustForex is not a securities broker for trading because it is an unregulated company that does not officially maintain any license from any reputable regulatory authority. That means it is suspected of being fraudulent because it does not check its compliance before establishment. However, the reality is that the Grenadines and Saint Vincent are offshore regions.

This means the broker is not regulated and no longer complies with strict worldwide policies that offer to protect measures to the investors. Moreover, the broker was formerly listed as a trading scam scheme while investors have been warned of its unregulated nature and marketing strategies to attract traders.

The broker is among the competitive ones in its popularity, but generally, there are high-risk investments because of the nature of trading. In addition, the unlicensed status of the JustForex organization puts some question marks on whether to go into the trading or not.

Because capital and the security of the traders is a primary intention, it is strongly advocated to pick among well-regulated forex companies that preserve all essential licenses, uphold legal operations and provide customer service on a proper level.

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Advantages and disadvantages of JustForex

  • Not regulated by FCA
  • Traders from Japan, the USA and UK are not accepted
  • Does not allow EA’s

Trading Platforms

JustForex offers MetaTrader4 and 5 to its customers. All these trading platforms are designed to meet the trading needs of traders of all levels.

  1. MetaTrader 4

      2.MetaTrader 5