JustForex Safe or Scam?

JustForex
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  • JustForex was founded in 2012 and is the brand name of JF Global Limited which is a registered company in St. Petersburg. Vincent and the Grenadines. The trader offers 7 different types of trading accounts ranging from commission-free to commission-based accounts, unchanging Islamic accounts, and ECN trading accounts.

    Although the trader offers more than 150+ commodity classes to trade, including Forex ECN, Stocks, Indices, Commodities, and Bonds, access to specific markets depends on the type of account open. Justforex offers users the world-famous trading platform MetaTrader 4 and MetaTrader 5 for PC, as well as the MetaTrader mobile trading system for Android and iOS users.

    What is JustForex?

    JustForex offers a wide selection of accounts and terms, which is why any experienced trader can also find what suits their trading strategy. To simplify the trading process JustForex also provides unique analytics tools for traders. All of this is published on the official website and is available to visitors free of charge.

    In addition, JustForex offers a good selection of popular payment methods, many financial tools available, strong spreads, no restrictions on trading strategies, and profitable partner programs. They provide a South African ZAR trading account for local traders.

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    Justforex Safe or Scam?

    One of the best ways to determine the safety of a trader like JustForex is to find out which regulatory authorities are monitoring their actions. JustForex operates under the auspices of the Financial Services Authority (FSA) from St. Petersburg. Vincent’s and the Grenadines. In an effort to maintain working relationships with its many customers, JustForex strives to maintain the safety and security of its customers’ finances.

    Steps to do this include split bank accounts to separate customer funds from corporate operating funds and to provide financial protection by 18 trustworthy banks to protect those funds in the event of liquidation. JustForex is a member of the compensation scheme that will stand to assist in the event of termination.

    JustForex has been able to grow and acquire the knowledge to provide what customers want, helping the company to grow into a global brand found in many countries around the world. JustForex not only offers its own compliant services to the regions in which it operates, but its team is also highly trained and dedicated to providing the best services to its many customers.

     JustForex Pros and Cons

     Pros

    • A variety of payment options are available.
    • Spreads that are too narrow
    • The minimum deposit is low.
    • Support from a qualified team
    • Over 10,000 traders use it.
    • FSA is in charge of regulation.
    • Several asset classes are available.
    • ECN forex trading is available.
    • Accounts with no commissions.
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     Cons

    • No traders from the United States are accepted.
    • There is no MetaTrader MAC version because it is not FCA regulated.

    Final Thoughts

    Consumables, such as forex trading, increase your potential profits – but also increase your potential losses. A rating is expressed as a ratio, for example, 50: 1, 100: 1, or 500: 1. If you think you have $ 1,000 in your trading account and you are trading ticket sizes of 500,000 USD / JPY, your rating will be equal to 500: 1. Margin is the amount of collateral to cover any credit risks that may arise during your trading activities.

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