The broker positions itself as an international, honest service provider that provides high-quality and favorable conditions on the global market. In this article we will check whether this is actually true.
Basic information about sucker
In 2022, the offshore company JustForex announced rebranding and became JustMarkets. According to representatives of the company, the project appeared in 2012. At the moment, the office has headquarters in the Seychelles, Mauritius and Cyprus. The broker also claims to serve approximately one million clients from 197 countries.
Its website is available in 19 languages, but its regulatory documents are published only in English. Most users are from Malaysia, South Africa, Nigeria, and Togo. The company does not operate in Australia, Canada, North Korea, Great Britain, Myanmar, USA, Iran, Japan.
Site Review
According to the Whois service, the domain name justmarkets.com appeared in 2016. Information about the site registrar is hidden, which is a negative factor.
Support service is available 24/7. There is a mobile phone, email, live chat, as well as instant messengers: Telegram, Whatsapp, Viber, Messenger, Line. Subjectively, the site itself looks primitive and outdated.
Work permits
JustMarkets has 4 brokerage licenses from regulators in Mauritius, South Africa, Seychelles, and Cyprus. Upon inspection, it turned out that this organization actually holds official permits.
But note that 3 out of 4 regulators are offshore, that is, non-authoritative. And FSCA from PAR controls the company’s activities only within the state.
Trading conditions
To work with Sharaga clients, MetaTrader 4 and MetaTrader 5 are available in adapted versions for various devices. Depending on the trading platform, a trader can choose a package of services. JustMarkets offers as many as 7 of them.
It is possible to open a demo account or an Islamic account. The minimum deposit is $10 in standard packages, from $100 in advanced packages. Leverage is up to 1:500, and spreads are from 0 to 0.3.
The company offers a welcome bonus of up to 120% of the initial deposit. According to JustMarkets, there are more than 170 instruments for trading: currency pairs, precious metals, indices, stocks, cryptocurrency and futures.
Order execution occurs in 0.01 seconds. Cryptocurrencies, bank cards or electronic payment systems are available for depositing and withdrawing funds. However, there is no possibility for bank transfer. There are no commissions, there is only an additional fee for withdrawing funds in digital assets.
Reviews
Despite its confident positioning and relatively favorable trading conditions, some broker clients complain about the inability to withdraw funds. Many reviews on the Internet are devoted to negative experiences of cooperation with the company: allegedly JustMarkets falsifies quotes, slows down trading platforms and drains deposits.
Next to these comments there are also positive reviews. True, there are much fewer of them.
Results
The JustMarkets broker does not have a reputable license and offers clients unrealistic trading conditions. In addition, there are many negative comments about the company’s activities online. Therefore, we recommend not to take risks and invest in its services.