Top 8 Locally Based Brokers
JustMarkets Review
Overall, JustMarkets is very competitive in terms of its trading fees and spreads. JustMarkets offers 7 retail accounts on three different trading platforms. JustMarkets has no hidden trading fees and is considered a trustworthy and reliable broker with a score of 8 out of 10.
- Louis Schoeman
Jump to:
Regulation and Safety of Funds
Account Types and Features
Account Registration
Trading Platforms
Range of Markets
Fees
Deposits and Withdrawals
Education and Research
Affiliate Program
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.4/5
Total Pairs
240+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
JustMarkets Review – 15 key points quick overview:
Regulation and Safety of Funds- Account Types and Features
- Account Registration
- JustMarkets Vs OctaFX Vs Markets.com – Broker Comparison
- Trading Platforms
- Range of Markets
- Broker Comparison for Range of Markets
- Trading and Non-Trading Fees
- Deposits and Withdrawals
- JustMarkets Education and Research
- Bonuses and Promotions
- JustMarkets Affiliate Program
- Verdict on JustMarkets
- JustMarkets Pros and Cons
- Frequently Asked Questions
JustMarkets Overview
👉 Overall, JustMarkets is the best high maximum leverage ratio broker for Kenyan traders, offering low minimum deposit requirements, high liquidity, local deposit and withdrawal options, and a choice between seven retail investor accounts.
👉 JustMarkets is a St. Vincent and the Grenadines-based firm that has been operating since 2012. JustMarkets is owned and operated by JF Global Limited, which has over 170 trading products and seven account types to accommodate all levels of traders.
👉 JustMarkets is not regulated by the Capital Markets Authority (CMA) in Kenya but is regulated and overseen by the Financial Services Authority (FSA) in Seychelles.
👉 Kenyans can trade through JustMarkets using a selection of trading accounts that offer unique and tailored trading conditions. This retail Forex broker also offers a comprehensive range of trading instruments, leverage up to 1:3000, market news, and an economic calendar.
👉 The MT4 and MT5 trading platforms are available via JustMarkets and the broker supports all types of trading, including hedging and scalping. This JustMarkets review will provide traders with the details that they need to consider whether the broker is suited towards their unique trading objectives and needs.
Distribution of Traders
👉 The distribution of traders with JustMarkets is as follows:
➡️️ Malaysia – 30.54%
➡️️ United Kingdom – 11.94%
➡️️ Indonesia – 8.45%
➡️️ Kenya – 4.13%
➡️️ Kenya – 3.44%
➡️️ India – 3.36%
➡️️ South Africa – 3.33%
Popularity among traders who choose JustMarkets
🥇 Customers from Kenya make up a significant portion of JustMarkets’ most active client base. JustMarkets is one of the top 20 forex brokers in Kenya, even though there are many more notable brokers in the industry.
JustMarkets At a Glance
| 🏛 Headquartered | Cyprus |
| 🏙 Kenyan Based Office | No |
| ✅ Accepts Kenyan Traders? | Yes |
| 🗓 Year Founded | 2012 |
| 📞 Kenyan Office Contact Number | None |
| 🤳 Social Media Platforms | • Facebook • Telegram |
| ⚖️ Regulation | Seychelles Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySec) |
| 🪪 Regulatory Licenses | SD088 |
| ⚖️ CMA Regulation | None |
| 🚫 Regional Restrictions | The United States, Japan, United Kingdom, EU, EEA, Belgium, and Spain |
| ☪️ Islamic Account | Yes |
| 💻 Demo Account | Yes |
| 🛍 Retail Investor Accounts | 7 |
| 📊 PAMM Accounts | MAM Account |
| 🤝 Liquidity Providers | 18 |
| 💸 Affiliate Program | Yes |
| 📲 Order Execution | Market |
| 📊 Average spread | From 0.0 pips |
| 📞 Margin Call | 40% |
| 🛑 Stop-Out | 20% |
| ✅ Crypto trading offered? | Yes |
| 💰 Offers a Kenyan shilling Account? | No |
| 👨💻 Dedicated Kenyan Account Manager? | No |
| 📊 Maximum Leverage | 1:3000 |
| 🚫 Leverage Restrictions for Kenya? | None |
| 💰 Minimum Deposit (KES) | 110 Kenyan shilling equivalent to $1 |
| ✅ Kenyan shilling Deposits Allowed? | Yes |
| 📊 Active Kenyan Trader Stats | Unknown |
| 👥 Active Kenyan-based JustMarkets customers | Unknown |
| 💳 Kenya Daily Forex Turnover | $100 million+ |
| 💵 Deposit and Withdrawal Options | • Debit Card • Credit Card • China UnionPay • Skrill • Neteller • Perfect Money • Sticpay • AirTM • Bitcoin • Bitcoin Cash • Ethereum • Gemini • USD Coin • Local Bank Transfers, • Cards, Mobile Money • Local Wallets |
| 🏦 Segregated Accounts with Kenyan Banks? | No |
| 📊 Trading Platforms | MT4, MT5, MT4/5 WebTrader, mobile (iOS & Android) |
| ✔️ Tradable Assets | • Indices • Energies • Forex • Metals • Cryptocurrencies • Shares • Futures |
| 💸 Offers USD/KES currency pair? | No |
| 📈 USD/KES Average Spread | N/A |
| 📉 Offers Kenyan Stocks and CFDs | No |
| 🗣 Languages supported on Website | English, Spanish, Portuguese, French, Russian, Indonesian, Malaysian, Chinese (Simplified and Traditional), Lao, Vietnamese, Thai, Turkish, and more. |
| 📞 Customer Support Languages | Multilingual |
| ⏰ Customer Service Hours | 24/5 |
| 💵 Holding company | Just Global Markets Ltd. |
| 👥 Kenyan-based customer support? | No |
| 💰 Deposit Fee | None |
| ✅ Bonuses and Promotions for Kenyans | Yes |
| 📚 Education for Kenyan beginners | Yes |
| 📱 Proprietary trading software | Yes |
| 💰 Most Successful Kenyan Trader | Patrick Mahinge (Net Worth – Private) |
| ✅ Is JustMarkets a safe broker for Kenyans? | Yes |
| 📊 Rating for JustMarkets Kenya | 8/10 |
| 🤝 Trust score for JustMarkets Kenya | 49% |
| 👉 Open an account | 👉 Open Account |
Regulation and Safety of Funds
JustMarkets carries out operations through three entities and these are:
➡️ GM Group Limited is a company that is registered in Saint Vincent and the Grenadines under 23993, with regulation through the FSA in Seychelles.
➡️ Just Global Markets Ltd is a brokerage firm that is based in Seychelles, regulated, and authorized by the FSA under SD088.
➡️ GMFT Services Ltd is a payment agent that oversees handling payment options on behalf of GM Group Limited and the company is registered in Cyprus.
There are 18 major banks providing liquidity to JustMarkets, which allows it to give the best price to Kenyan traders, according to its official website. JustMarkets has a recognized regulatory status. Since JustMarkets and its clients’ money are stored in separate accounts, there is no risk to either.
These regulatory bodies track everything to do with trading, and JustMarkets is obligated to submit reports to them on several different aspects.
Using SSL secure connections, JustMarkets’ website and trading platform are protected from unauthorized access by encrypting information and data sent between the two. All retail accounts at JustMarkets have negative balance protection, which prevents the account from going into a negative balance.
PCI DSS Security Standards are met by JustMarkets’ internal processes. Multiple servers and a robust data backup system are used by JustMarkets to ensure the safety of its client’s information, as well.
Account Types and Features
JustMarkets provides seven retail investor accounts that are separated between MetaTrader 4 and MetaTrader 5 accounts, as follows:
➡️ 4 MetaTrader 4 Retail Accounts
➡️ 3 MetaTrader 5 Retail Accounts
👉 MetaTrader 4 retail investor accounts are:
➡️ Standard Cent Account
➡️ Standard Account
➡️ Pro Account
➡️ Raw Spread Account
👉 The MetaTrader 5 retail accounts are:
➡️ Standard Account
➡️ Pro Account
➡️ Raw Spread Account
Live Trading Accounts
MetaTrader 4 Standard Cent Account
👉 As a novice or experienced trader, the Standard Cent Account is great for testing your trading methods in a low-risk trading environment. To reduce the risk that traders face, the account is denominated in cents and has smaller positions.
| Account Feature | Value |
| 💵 Minimum Deposit in KES | 110 Kenyan shilling equivalent to $1 |
| 💸 Account Base Currency | USC |
| 📈 Maximum leverage up to | 1:1000 |
| 💳 Commission charges | None |
| 🔁 Swap-free option? | Yes |
| 📊 Average spreads from | 0.3 pips |
| 📈 Minimum order size | 0.01 cent lot |
| 📉 Maximum order size | 1,000 cent lots |
| 💰 Maximum orders | 100 |
| 📞 Margin Call | 40% |
| 🛑 Stop-Out | 20% |
| 📊 Trade Execution Method | Market Execution |
| 💵 Pricing Format | Fifth Decimal Pricing |
| 📑 Contract Size | 1 lot = 1,000 base currency units |
| 🔧 Trading Instruments Available | • 37 Forex pairs • 4 Metals • 9 Indices • 5 Cryptocurrency Pairs |
MetaTrader 4 Standard Account
👉 The Standard Account is an entry-level account with basic account features that can be utilized by any trader, regardless of their experience level.
| Account Feature | Value |
| 💵 Minimum Deposit in KES | 110 Kenyan shilling equivalent to $1 |
| 💸 Account Base Currency | USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR |
| 📈 Maximum leverage up to | 1:3000 |
| 💳 Commission charges | None |
| 🔁 Swap-free option? | Yes |
| 📊 Average spreads from | 0.3 pips |
| 📈 Minimum order size | 0.01 lot |
| 📉 Maximum order size | 100 lots |
| 💰 Maximum orders | Unlimited |
| 📞 Margin Call | 40% |
| 🛑 Stop-Out | 20% |
| 📊 Trade Execution Method | Market Execution |
| 💵 Pricing Format | Fifth Decimal Pricing |
| 📑 Contract Size | 1 lot = 1,000 base currency units |
| 🔧 Trading Instruments Available | • 65 Forex pairs • 8 Metals • 9 Indices • 5 Cryptocurrency Pairs |
MetaTrader 4 Pro Account
👉 All professional traders who seek the greatest trading circumstances should use the Pro Account because of its competitive trading conditions and range of markets.
| Account Feature | Value |
| 💵 Minimum Deposit in KES | 11,400 Kenyan shilling equivalent to $100 |
| 💸 Account Base Currency | USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR |
| 📈 Maximum leverage up to | 1:3000 |
| 💳 Commission charges | None |
| 🔁 Swap-free option? | Yes |
| 📊 Average spreads from | 0.1 pips |
| 📈 Minimum order size | 0.01 lot |
| 📉 Maximum order size | 100 lots |
| 💰 Maximum orders | Unlimited |
| 📞 Margin Call | 40% |
| 🛑 Stop-Out | 20% |
| 📊 Trade Execution Method | Market Execution |
| 💵 Pricing Format | Fifth Decimal Pricing |
| 📑 Contract Size | 1 lot = 100,000 base currency units |
| 🔧 Trading Instruments Available | • 65 Forex pairs • 8 Metals • 9 Indices • 5 Cryptocurrency Pairs |
MetaTrader 4 Raw Spread Account
👉 If Kenyans are either algorithmic traders or a scalper, this account is the best option for them because of its tight spreads, low commissions, market execution, and unlimited maximum orders.
| Account Feature | Value |
| 💵 Minimum Deposit in KES | 11,400 Kenyan shilling equivalent to $100 |
| 💸 Account Base Currency | USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR |
| 📈 Maximum leverage up to | 1:3000 |
| 💳 Commission charges | 3 units of the base currency per lot/per side |
| 🔁 Swap-free option? | Yes |
| 📊 Average spreads from | 0.1 pips |
| 📈 Minimum order size | 0.01 lot |
| 📉 Maximum order size | 100 lots |
| 💰 Maximum orders | Unlimited |
| 📞 Margin Call | 40% |
| 🛑 Stop-Out | 20% |
| 📊 Trade Execution Method | Market Execution |
| 💵 Pricing Format | Fifth Decimal Pricing |
| 📑 Contract Size | 1 lot = 100,000 base currency units |
| 🔧 Trading Instruments Available | • 65 Forex pairs • 8 Metals • 9 Indices • 5 Cryptocurrency Pairs |
MetaTrader 5 Standard Account
👉 Trading on this account is like trading through the standard account on MetaTrader 4, but users have the option of using the more powerful and flexible MetaTrader 5.
| Account Feature | Value |
| 💵 Minimum Deposit in KES | 110 Kenyan shilling equivalent to $1 |
| 💸 Account Base Currency | USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR |
| 📈 Maximum leverage up to | 1:3000 |
| 💳 Commission charges | None |
| 🔁 Swap-free option? | Yes |
| 📊 Average spreads from | 0.3 pips |
| 📈 Minimum order size | 0.01 lot |
| 📉 Maximum order size | 100 lots |
| 💰 Maximum orders | Unlimited |
| 📞 Margin Call | 40% |
| 🛑 Stop-Out | 20% |
| 📊 Trade Execution Method | Market Execution |
| 💵 Pricing Format | Fifth Decimal Pricing |
| 📑 Contract Size | 1 lot = 100,000 base currency units |
| 🔧 Trading Instruments Available | • 65 Forex pairs • 8 Metals • 9 Indices • 5 Cryptocurrency Pairs |
MetaTrader 5 Pro Account
👉 There are more features and sophisticated tools available in the MetaTrader 5 Professional Account for experienced traders who want to improve their trading performance.
| Account Feature | Value |
| 💵 Minimum Deposit in KES | 11,400 Kenyan shilling equivalent to $100 |
| 💸 Account Base Currency | USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR |
| 📈 Maximum leverage up to | 1:3000 |
| 💳 Commission charges | None |
| 🔁 Swap-free option? | Yes |
| 📊 Average spreads from | 0.1 pips |
| 📈 Minimum order size | 0.01 lot |
| 📉 Maximum order size | 100 lots |
| 💰 Maximum orders | Unlimited |
| 📞 Margin Call | 40% |
| 🛑 Stop-Out | 20% |
| 📊 Trade Execution Method | Market Execution |
| 💵 Pricing Format | Fifth Decimal Pricing |
| 📑 Contract Size | 1 lot = 100,000 base currency units |
| 🔧 Trading Instruments Available | • 65 Forex pairs • 8 Metals • 11 Indices • 2 Energies • 7 Cryptocurrency Pairs • 64 Shares • 21 Futures |
MetaTrader 5 Raw Spread Account
👉 The trading conditions on this account type are ideal for MetaTrader 5 customers who want to stay ahead of the competition in a fast-paced and highly competitive market.
| Account Feature | Value |
| 💵 Minimum Deposit in KES | 11,400 Kenyan shilling equivalent to $100 |
| 💸 Account Base Currency | USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR |
| 📈 Maximum leverage up to | 1:3000 |
| 💳 Commission charges | 3 units of the base currency per lot/per side |
| 🔁 Swap-free option? | Yes |
| 📊 Average spreads from | 0.0 pips |
| 📈 Minimum order size | 0.01 lot |
| 📉 Maximum order size | 100 lots |
| 💰 Maximum orders | Unlimited |
| 📞 Margin Call | 40% |
| 🛑 Stop-Out | 20% |
| 📊 Trade Execution Method | Market Execution |
| 💵 Pricing Format | Fifth Decimal Pricing |
| 📑 Contract Size | 1 lot = 100,000 base currency units |
| 🔧 Trading Instruments Available | • 65 Forex pairs • 8 Metals • 11 Indices • 2 Energies • 7 Cryptocurrency Pairs • 64 Shares • 21 Futures |
Demo Account
👉 A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital.
👉 There is a certain degree of risk involved when trading financial markets and JustMarkets offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.
Islamic Account
👉 Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.
👉 This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.
👉 JustMarkets provides Muslim traders with the option of converting any of their live trading accounts into an Islamic or a Swap-Free Account at no additional cost.
Account Registration
The procedure of creating an account and verifying the trader’s identity and residential address with JustMarkets is very straightforward.
Kenyan traders who want to open an account with JustMarkets can do so by visiting the broker’s official website and selecting the option to register a trading account.
A registration form for the back office will be shown, and traders can enter their information including their name, surname, country of residence and email address, mobile number, and a password that they choose.
In another window, traders will be given the option of selecting their account type, account base currency, and leverage amount. Traders will be immediately logged into their client area after the process is complete.
Traders must be 18 years or older to register and to complete the account registration process, traders will be subject to the Know Your Client (KYC) procedure, which will require them to give evidence of their identity as well as their residence address.
The client section allows traders to register for additional live accounts, check their documentation, make deposits of monies, and request withdrawals from their accounts. Trading will begin after the account has been authorized following a check of the supporting documentation and application.
How to Register Your Account
👉 Step 1 – Go to the Official JustMarkets website
➡️ Go to the JustMarkets website (https://justmarkets.com/company/rebranding) and click on “Registration”.
👉 Step 2 – Fill Out Your Personal Details
➡️ Fill out your personal details and click on “Register”. Your account is now ready to trade.
JustMarkets Vs OctaFX Vs Markets.com – Broker Comparison
| JustForex | OctaFX | Markets.com | |
| ⚖️ Regulation | FSA | CySEC, SVG FSA | ASIC, CySEC, FSCA, FCA, BVI FSC |
| 📱 Trading Platform | • MetaTrader 5 • MetaTrader 4 • JustForex App | • MetaTrader 4 • MetaTrader 5 | • MarketsX • Marketsi • MetaTrader 4 • MetaTrader 5 • MarketsX App |
| 💰 Withdrawal Fee | None | No | None |
| 📊 Demo Account | Yes | Yes | Yes |
| 📈 Minimum Deposit | 110 KES ($1) | 11,400 Kes | 11,400 KES |
| 📈 Leverage | Up to 1:3000 | 1:500 | 1:300 |
| 📊 Spread | From 0.0 pips | 0.6 pips | From 0.8 pips |
| 💰 Commissions | $3 units per lot/side | None | From 15 USD |
| ✴️ Margin Call/Stop-Out | 40%/20% | 25%/15% | 50% |
| ✴️ Order Execution | Market | Market | Instant, Market |
| 💳 No-Deposit Bonus | Yes | Yes | No |
| 📊 Cent Accounts | Yes | No | No |
| 📈 Account Types | • MetaTrader 4 Standard Cent Account • MetaTrader 4 Standard Account • MetaTrader 4 Pro Account • MetaTrader 4 Raw Spread Account • MetaTrader 5 Standard Account • MetaTrader 5 Pro Account • MetaTrader 5 Raw Spread Account | • MetaTrader 4 Habitual Trader • MetaTrader 5 Smart Trader | • MarketsX Account • Marketsi Account |
| ⚖️ CMA Regulation | No | No | No |
| 💳 KES Deposits | Yes | No | No |
| 📊 Kenyan shilling Account | No | No | No |
| 👥 Customer Service Hours | 24/5 | 24/5 | 24/5 |
| 📊 Retail Investor Accounts | 7 | 2 | 2 |
| ☪️ Islamic Account | Yes | Yes | Yes |
| 📊 Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| 📈 Maximum Trade Size | 100 lots | 4x maintenance margin excess | 100 lots |
Trading Platforms
👉 JustMarkets offers the following trading platforms:
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ JustMarkets App
Desktop Platforms
➡️ MetaTrader 4
➡️ MetaTrader 5
👉 For those who do not want to pay for Forex trading software, MetaTrader is an excellent choice. Even more recent Forex trading systems have been unable to dethrone this one as the greatest.
👉 The MT4 trading platform provides a reliable and user-friendly interface for making money in the Forex market. Keeping an eye on Forex trading accounts is easy when traders use the MT4 desktop trading platform. In addition, technical indicators, expert advisors, and other market analysis tools are supported by this platform.
👉 MetaTrader 5 is MetaQuotes Software Corp.’s latest trading platform. It will take the place of MetaTrader 4 and simplify and improve the experience of trading foreign exchange. Copy-trading, mobile trading, and other innovative features in MetaTrader 5 help traders better manage their trading accounts because of the new, more user-friendly interface.
👉 The most important benefits of using MetaTrader 5 on a personal computer
➡️ Access to a wide range of financial products through a single platform
➡️ Alerts for the most essential news and market developments
➡️ Features like One-Click Trades and drag-and-drop
➡️ Predicted orders, including stop limits for both buying and selling
➡️ 21 periods, such as the M1, M5, M15, M30, H1, H4, D1, W1, and MN1 frames; 21 timeframes.
➡️ For the publishing and development of the chart, there are 44 graphic objects provided
➡️ Traders can use 38 technical indicators to better understand the market’s current condition
WebTrader Platforms
➡️ MetaTrader 4 and 5
👉 MetaTrader is a forex trading platform developed by MetaQuotes Software that allows users to trade online. Since 2005, MetaTrader has been available on Windows PCs, and many traders consider it the greatest trading platform ever created.
👉 Standalone applications are hardly the be-all and end-all. Many traders use Linux, Mac OS, Chrome OS, and other unofficial operating systems. MetaQuotes produced a new web-based MetaTrader Web for them, which the audience dubbed “WebTrader” when it was first introduced.
👉 JustMarkets supports the use of both MetaTrader 4 and 5 across internet browsers, with the option that Kenyan traders can launch WebTrader from the broker’s official website. However, to use the platform, traders must have a live account through JustMarkets.
Trading App
➡️ MetaTrader 4 and 5
➡️ JustMarkets App
👉 The MetaTrader mobile application offers traders access to the foreign exchange market in the same way as the standard desktop terminal. Their key benefit is that a trader may handle deals from any location, making them more convenient.
👉 Offline trading is supported, and Internet bandwidth is conserved with the Android and iOS MetaTrader apps.
👉 For many traders, the mobile version of MetaTrader is a convenient supplement to the desktop version. In this way, a trader can easily open order on a computer and subsequently handle it on a smartphone, or the other way around.
👉 Kenyan clients can use a smartphone to access all the JustMarkets website’s features. Any function can easily be accessed at any moment thanks to a user-friendly interface. Creating an account, making withdrawals, tracking trading data, and verifying data can all be done on the go.
👉 The following benefits and features are provided through the JustMarkets app:
➡️ Traders have full access to the JustMarkets website’s features and services.
➡️ Changing leverage or changing the password to a trading account is simple. In addition, traders can open either a live or demo MT4/MT5 account from the app.
➡️ Deposits and withdrawals can be completed in a matter of minutes using any of the various payment options on the app.
➡️ Kenyan traders can use the app to sign up for new competitions or utilize the promo codes.
➡️ The app features an FAQ area which is a great place to discover answers to questions, as well as information on JustMarkets’ partnering programs and the latest news and data.
Range of Markets
➡️ Indices
➡️ Energies
➡️ Forex
➡️ Metals
➡️ Cryptocurrencies
➡️ Shares
➡️ Futures
Broker Comparison for Range of Markets
| JustForex | OctaFX | Markets.com | |
| ➡️️ Forex | Yes | Yes | Yes |
| ➡️️ Precious Metals | Yes | Yes | Yes |
| ➡️️ ETFs | No | No | Yes |
| ➡️️ CFDs | Yes | Yes | Yes |
| ➡️️ Indices | Yes | Yes | Yes |
| ➡️️ Stocks | Yes | Yes | Yes |
| ➡️️ Cryptocurrency | Yes | Yes | Yes |
| ➡️️ Options | No | No | No |
| ➡️️ Energies | Yes | Yes | Yes |
| ➡️️ Bonds | No | No | Yes |
Trading and Non-Trading Fees
Spreads
👉 A JustMarkets account holder should anticipate a minimal spread based on their account type, the financial instrument traded, and general market conditions at the time of their transaction. While not the lowest, JustMarkets’ spreads are still lower than the industry average, while not being the lowest.
👉 Based on account type, the following is a common minimum spread:
➡️ MetaTrader 4 Standard Cent Account – 0.3 pips
➡️ MetaTrader 4 Standard Account – 0.3 pips
➡️ MetaTrader 4 Pro Account – 0.1 pips
➡️ MetaTrader 4 Raw Spread Account – 0.0 pips
➡️ MetaTrader 5 Standard Account – 0.3 pips
➡️ MetaTrader 5 Pro Account – 0.1 pips
➡️ MetaTrader 5 Raw Spread Account – 0.0 pips
Commissions
👉 JustMarkets charges commissions on the following accounts:
➡️ MetaTrader 4 Raw Spread Account – 3 units of the base currency per lot/per side
➡️ MetaTrader 5 Raw Spread Account – 3 units of the base currency per lot/per side
Overnight Fees, Rollovers, or Swaps
👉 When Kenyan traders leave their positions open for more than 24 hours, they are charged overnight costs. A trader’s position size, financial instrument, and whether they are long or short, all play a role in determining these costs. Kenyan traders can expect the following average overnight fees:
➡️ EUR/USD – a long swap of -4.44 points and a short swap of -0.09 points
➡️ USD/JPY – a long swap of -1.36 points and a short swap of -2.97 points
➡️ Cryptocurrencies – long swaps of -20% and short swaps of -20%
➡️ Energies – long swaps of -6% and short swaps of -3%
➡️ Indices – long swaps of -1% and short swaps of -1.50%
➡️ Shares and Stocks – long swaps of -6% and short swaps of -3%
➡️ XAG/USD – a long swap of -0.2 points and a short swap of -0.09 points
➡️ XAU/USD – a long swap of -4.18 points and a short swap of -0.77 points
Deposit and Withdrawal Fees
👉 Deposit fees of 2% are charged on all cryptocurrencies including:
➡️ Bitcoin (BTC)
➡️ Bitcoin Cash (BCH)
➡️ Ethereum (ETH)
➡️ Gemini (GUSD)
➡️ USD Coin (USDC)
Other Fees
👉 There is an inactivity fee charged on accounts that have been inactive for a consecutive 150 days. A fee of $5 is charged per month once the account becomes inactive.
Deposits and Withdrawals
JustMarkets offers the following deposit and withdrawal methods:
➡️ Debit Card
➡️ Credit Card
➡️ China UnionPay
➡️ Skrill
➡️ Neteller
➡️ Perfect Money
➡️ Sticpay
➡️ AirTM
➡️ Bitcoin
➡️ Bitcoin Cash
➡️ Ethereum
➡️ Gemini
➡️ USD Coin
➡️ Local Bank Transfers, Cards, Mobile Money
➡️ Local Wallets and worldwide wallets
Kenyan traders can use Africa Mobile Money to deposit and withdraw in Kenyan shilling, exempting them from currency conversion fees.
How to Deposit Funds with JustMarkets
To deposit funds into a trading account, Kenyan traders can follow these steps:
➡️ Traders can log into the Back Office
➡️ Traders can select “Deposit” and complete the required fields
➡️ Once complete, traders can review the details of their deposit and click on “Deposit.”
How to Withdraw Funds with JustMarkets
Kenyan traders must first access their JustMarkets Back Office and pick the option to withdraw cash. In this section, traders can choose their chosen mode of payment (which must be matched with the method they used to deposit into the account), the amount of money they want to withdraw, and any other extra information they want to include in their withdrawal request.
Withdrawal requests filed by traders will be handled by the appropriate JustMarkets department. When sending cash to an account, traders must make sure that the account name is identical to their JustMarkets trading account name.
JustMarkets Education and Research
JustMarkets offers the following Educational Materials:
➡️ Quick Start
➡️ Online Training Webinars
➡️ Bookings for future webinars
➡️ Forex Articles
➡️ Forex Glossary
➡️ Educational Videos
➡️ Currencies
JustMarkets offers Kenyan traders the following Research and Trading Tools:
➡️ Market Overview
➡️ Daily Forecasts
➡️ Market News
➡️ Economic Calendar
Bonuses and Promotions
JustMarkets offers Kenyan traders the following bonuses and promotions:
➡️ Welcome Bonus or No-Deposit Bonus
➡️ 120% Deposit Bonus up to $40,000
➡️ Referral bonus and program
➡️ 0% Fees on deposits and withdrawals
JustMarkets Affiliate Program
JustMarkets’ affiliate program offers partners the opportunity to profit from their traffic while also building their own network and earning an infinite percentage of sales.
The JustMarkets Affiliate Programs were developed by partners for partners and are tailored to meet the specific requirements of each affiliate. In terms of Revenue-Share, JustMarkets provides up to 65% profits on trades made by referrals, as well as fast and easy withdrawals, loyalty programs, and access to personal affiliate managers.
JustMarkets has the following CPA options:
➡️ A specialized affiliate manager
➡️ High conversion rates
➡️ Transparency in disclosing information
➡️ Advanced marketing tools
➡️ Immediate rewards
➡️ Payments up to $1500
Verdict on JustMarkets
High leverage, reasonable execution speeds, and competitive market spreads are just a few of the reasons traders flock to JustMarkets. To meet the demands of both novice and experienced traders, they provide a variety of adjustable account options.
There are a plethora of tutorials available to help those just getting started. Online trading can also be practiced using demo accounts funded with fictitious money.
JustMarkets is a good choice for new retail traders because it has an acceptable trading environment and educational division, as well as many daily trading ideas.
JustMarkets Pros and Cons
| ✔️ Pros | ❌ Cons |
| JustMarkets offers Kenyan traders local deposit and withdrawal options | There is no KES-denominated account offered |
| Traders can deposit and withdraw funds in their local currency, saving them from paying currency conversion fees | There is an inactivity fee charged on dormant accounts |
| JustMarkets offers social trading opportunities through MetaTrader 5 | There are deposit fees charged on crypto deposits |
| The broker offers a comprehensive affiliate program and generous rewards | JustMarkets has offshore regulation and a low trust score because of this |
| There is a no-deposit bonus offered to new traders | |
| There is a selection of retail accounts offered | |
| JustMarkets offers competitive trading conditions | |
| MetaTrader 4 and 5 are offered across different devices |
Frequently Asked Questions
Is JustMarkets regulated and by whom?
Yes, JustMarkets is regulated by Financial Services Authority in Seychelles.
What is the overall rating for JustMarkets out of 10?
Our review of JustMarkets reveals a overall rating of 8/10.
Is JustMarkets suitable for beginner and professional traders?
Yes, JustMarkets is an ideal broker that can be used by beginner and professional traders.
Which trading platforms are supported by JustMarkets?
JustMarkets supports the use of these trading platforms:
- MetaTrader 5
- MetaTrader 4
- JustMarkets App
Which deposit currencies can I use to make a deposit?
You can use any local currency to make deposits because JustMarkets offers a wide selection of payment methods
