JustMarkets Review 2024: Pros, Cons & Rating Revealed

Is JustMarkets Legit or a Scam?

While JustMarkets appears to be a legitimate forex and CFD broker, a closer look reveals some potential red flags that warrant caution before investing.

Points in favor of legitimacy:

• Regulation: Licenses from reputable authorities like the South African FSCA and the European CySEC ensure adherence to industry standards.
• Transparency: Clear outlines of fees and trading conditions on their website.
• Positive Reviews: High ratings on Trustpilot and other platforms, with users praising customer support and the trading experience.

However, be aware of:

• Limited Trading History: Though operating since 2012, their rebrand from JustForex, which primarily existed in offshore zones, raises concerns about their track record under stricter regulations.
• Varying Trading Conditions: Regulations can significantly impact leverage, available instruments, and fees based on your location. Always research thoroughly before committing.
• Negative Reviews: While positive reviews dominate, some highlight issues like account closures or withdrawal delays. These concerns deserve consideration.

What is JustMarkets?

JustMarkets is a global broker offering various assets like currencies, commodities, indices, and cryptocurrencies through CFDs (Contracts for Difference). They aim to provide competitive spreads, low fees, and user-friendly platforms like MT4 and MT5.

JustMarkets Details

Deposits and Withdrawals

JustMarkets offers various deposit methods like bank transfers, credit/debit cards, and e-wallets. Deposits are generally fast with a minimum of $10. Withdrawals are processed within 1-2 hours for most methods but check for potential fees associated with your chosen method and location.

If you have lost money to companies like Pegasusdex, or Fanhua Group; please report it to us on our report a scam form.

Account Types

JustMarkets offers different account types catering to various trading needs and strategies. Common choices include Standard, Pro, and Raw Spread accounts, with some allowing conversion into swap-free Islamic accounts. Remember, account options and regulations might vary depending on your location.

Red Flags and Warning Signs

While seemingly legitimate, it’s crucial to acknowledge potential red flags:

• Limited history under-regulated entities: Their shorter track record under stricter regulations compared to their offshore past warrants caution.
• Varying trading conditions based on location: Regulations significantly impact available products and fees, necessitating thorough research before investing.
• Negative reviews highlighting withdrawal issues: Take these experiences seriously and weigh them against positive feedback.

Customer Complaints and Negative Reviews

Despite an overall positive reputation, some user reviews raise concerns about:

• Withdrawal delays or difficulties: Research how the broker handles withdrawals and potential reasons for delays.
• Account closures without clear explanation: Understand the broker’s policies and potential red flags that could trigger an account closure.
• Limited customer support responsiveness: Consider the availability and efficiency of customer support, especially if you anticipate needing assistance.

JustMarkets Alternative Brokers

Exploring other options is always wise before deciding. Here are some reputable alternatives:

• VPFX: Known for good trading services and educational resources.
• NCM Investment: Competitive trading conditions and a wide range of instruments.
• CMC Markets: Offers a vast array of trading instruments and educational materials.

Got Scammed by JustMarkets? We Help Victims!

JustMarkets, while raising some concerns, is not labeled a scam in this review. Highlighting this section and claiming to help victims of a non-established scam can be misconstrued and lead to unnecessary fear and distrust.

Instead, you can offer information on how to research brokers effectively and safely invest your money.

Remember, conducting your own thorough research and consulting with a financial professional are crucial steps before making any investment decisions.