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JustMarkets account types review

JustMarkets Account Types

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.

Updated : September 26, 2022

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JustMarkets Account Types

Account Types Overview

JustMarkets Account Types

Account Types

JustMarkets Account Types

Account Features

JustMarkets Account Types

Pros and Cons

JustMarkets Account Types

Final Verdict

JustMarkets Account Types

FAQ

Overall Rating

Min Deposit

USD 1 / 136 KES

Regulators

FSA, CySec, FSCA, FSC

Trading Desk

Metatrader 4

Crypto

Yes

Total Pairs

240+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

JustMarkets Overview

👉 Overall, JustMarkets is considered high-risk, with an overall Trust Score of 49 out of 100. JustMarkets is licensed by zero Tier-1 Regulators (high trust), zero Tier-2 Regulators (average trust), and one Tier-3 Regulator (low trust). JustMarkets offers seven different retail trading accounts namely a Standard Cent Account (MT4), Standard Account (MT4), Pro Account (MT4), Raw Spread Account (MT4), Standard Account (MT5), Pro Account (MT5), and Raw Spread Account (MT5).

 

👉 JustMarkets (formerly JustForex) is owned and run by “JF Global Ltd,” a business with St. Vincent and the Grenadines corporate registration. The brand’s dedication to effectiveness, honesty, and adaptability led to its establishment in 2012.

 

👉 For its international clients, JustMarkets provides a respectable assortment of more than 170 tradable securities from various asset classes.

 

👉 According to JustMarkets, 18 of the top institutions in the world provide its liquidity. Prices from these liquidity sources are combined and broadcast to customers through the supplied trading platforms.

 

👉 Consequently, the spreads for the ECN Zero accounts, which provide quick ECN execution rates starting at 0.05 seconds, start at only 0.0 pips (although they may go higher).

 

👉 JustMarkets has clients from around the world and these areas have the largest distributions:

➡️ Malaysia – 37.5%

➡️ Togo – 7.7%

➡️ Indonesia – 6.2%

➡️ Colombia – 4.6%

➡️ Bahamas – 3.5%

JustMarkets At a Glance

🏛 HeadquarteredCyprus
🏙 Kenyan Based OfficeNo
✅ Accepts Kenyan Traders?Yes
🗓 Year Founded2012
📞 Kenyan Office Contact NumberNone
🤳 Social Media Platforms• Facebook
• Instagram
• Telegram
• LinkedIn
• Twitter
⚖️ RegulationSeychelles Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySec)
🪪 Regulatory LicensesSD088
⚖️ CMA RegulationNone
🚫 Regional RestrictionsThe United States, Japan, United Kingdom, EU, EEA, Belgium, and Spain
☪️ Islamic AccountYes
💻 Demo AccountYes
🛍 Retail Investor Accounts7
📊 PAMM AccountsMAM Account
🤝 Liquidity Providers18
💸 Affiliate ProgramYes
📲 Order ExecutionMarket
📊 Average spreadFrom 0.0 pips
📞 Margin Call40%
🛑 Stop-Out20%

Crypto trading offered?Yes
💰 Offers a Kenyan shilling Account?No
👨‍💻 Dedicated Kenyan Account Manager?No
📊 Maximum Leverage1:3000
🚫 Leverage Restrictions for Kenya?None
💰 Minimum Deposit (KES)110 Kenyan shilling equivalent to $1
✅ Kenyan shilling Deposits Allowed?Yes
📊 Active Kenyan Trader StatsUnknown
👥 Active Kenyan-based JustMarkets customersUnknown
💳 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 PlatformsMT4, 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 SpreadN/A
📉 Offers Kenyan Stocks and CFDsNo
🗣 Languages supported on WebsiteEnglish, Spanish, Portuguese, French, Russian, Indonesian, Malaysian, Chinese (Simplified and Traditional), Lao, Vietnamese, Thai, Turkish, and more.
📞 Customer Support LanguagesMultilingual
⏰ Customer Service Hours24/5
💵 Holding companyJust Global Markets Ltd.
👥 Kenyan-based customer support?No
💰 Deposit FeeNone
✅ Bonuses and Promotions for KenyansYes
📚 Education for Kenyan beginnersYes
📱 Proprietary trading softwareYes
💰 Most Successful Kenyan TraderPatrick Mahinge (Net Worth – Private)
✅ Is JustMarkets a safe broker for Kenyans?Yes
📊 Rating for JustMarkets Kenya8/10
🤝 Trust score for JustMarkets Kenya49%
👉 Open an account👉 Open Account

JustMarkets Account Types

JustForex Review Account Types

👉 JustMarkets gives customers the option to choose from seven different trading accounts that may be used on either the MetaTrader 4 or the MetaTrader 5 trading platforms.

👉 Traders now have a broad variety of choices at their disposal when it comes to picking the trading account that is most suited to fulfil their individual trading needs and objectives.

👉 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 Account💸 Minimum Dep.📊 Average Spread💰 Commissions💵 Average Trading Cost
MT4 Standard Cent119 KES/1 USD0.9 pipsNone9 USD
MT4 Standard119 KES/1 USD1 pipNone10 USD
MT4 Pro11,900 KES/100 USD0.6 pipsNone6 USD
MT4 Raw Spread11,900 KES/100 USD0.1 pips$6 per turn6 USD
MT5 Standard119 KES/1 USD1 pipNone14 USD
MT5 Pro11,900 KES/100 USD0.6 pipsNone6 USD
MT5 Raw Spread11,900 KES/100 USD0.0 pips$6 per turn6 USD

JustMarkets Account Features

MetaTrader 4 Standard Cent Account

JustMarkets Review MetaTrader4

👉 Before putting their own money on the line in a trading environment that more closely resembles the real world, Kenyan traders can put their strategies through their paces with the help of this account.

 

👉 Kenyan beginners can use this account once they have mastered demo trading, allowing them to familiarize themselves with real market conditions with minimized risk. Kenyans can expect the following characteristics.

Account FeatureValue
💵 Minimum Deposit in KES110 Kenyan shilling equivalent to $1
💸 Account Base CurrencyUSC
📈 Maximum leverage up to1:1000
💳 Commission chargesNone
🔁 Swap-free option?Yes
📊 Average spreads from0.3 pips
📈 Minimum order size0.01 cent lot
📉 Maximum order size1,000 cent lots
💰 Maximum orders100
📞 Margin Call40%
🛑 Stop-Out20%
📊 Trade Execution MethodMarket Execution
💵 Pricing FormatFifth Decimal Pricing
📑 Contract Size1 lot = 1,000 base currency units
🔧 Trading Instruments Available• 37 Forex pairs
• 4 Metals
• 9 Indices
• 5 Cryptocurrency Pairs

 

MetaTrader 4 Standard Account

👉 Beginning your involvement in the market via the use of a Standard Account is an easy and inexpensive option to consider. The characteristics of the account are as follows.

Account FeatureValue
💵 Minimum Deposit in KES110 Kenyan shilling equivalent to $1
💸 Account Base CurrencyUSD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR
📈 Maximum leverage up to1:3000

💳 Commission chargesNone
🔁 Swap-free option?Yes
📊 Average spreads from0.3 pips
📈 Minimum order size0.01 lot
📉 Maximum order size100 lots
💰 Maximum ordersUnlimited
📞 Margin Call40%
🛑 Stop-Out20%
📊 Trade Execution MethodMarket Execution
💵 Pricing FormatFifth Decimal Pricing
📑 Contract Size1 lot = 1,000 base currency units
🔧 Trading Instruments Available• 65 Forex pairs
• 8 Metals
• 9 Indices
• 5 Cryptocurrency Pairs

 

MetaTrader 4 Pro Account

👉 This account type is intended for experienced, professional traders who are acquainted with the financial markets. This account is distinguished by its razor-thin spreads, high leverage, commission-free trading, and ability to trade an unlimited number of positions of any magnitude.

👉 Kenyans can expect the following unique characteristics from this account type:

Account FeatureValue
💵 Minimum Deposit in KES11,400 Kenyan shilling equivalent to $100
💸 Account Base CurrencyUSD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR
📈 Maximum leverage up to1:3000

💳 Commission chargesNone
🔁 Swap-free option?Yes
📊 Average spreads from0.1 pips
📈 Minimum order size0.01 lot
📉 Maximum order size100 lots
💰 Maximum ordersUnlimited
📞 Margin Call40%
🛑 Stop-Out20%
📊 Trade Execution MethodMarket Execution
💵 Pricing FormatFifth Decimal Pricing
📑 Contract Size1 lot = 100,000 base currency units
🔧 Trading Instruments Available• 65 Forex pairs
• 8 Metals
• 9 Indices
• 5 Cryptocurrency Pairs

 

MetaTrader 4 Raw Spread Account

JustMarkets Review MetaTrader4

👉 Individuals that engage in day trading or intraday trading strategies, which include frequent entries, exits, and short-term timeframes, will find that this account offers the best and tightest spread.

👉 The following qualities have been selected because they are particularly suited to the requirements of scalpers.

Account FeatureValue
💵 Minimum Deposit in KES11,400 Kenyan shilling equivalent to $100
💸 Account Base CurrencyUSD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR
📈 Maximum leverage up to1:3000

💳 Commission charges3 units of the base currency per lot/per side
🔁 Swap-free option?Yes
📊 Average spreads from0.1 pips
📈 Minimum order size0.01 lot
📉 Maximum order size100 lots
💰 Maximum ordersUnlimited
📞 Margin Call40%
🛑 Stop-Out20%
📊 Trade Execution MethodMarket Execution
💵 Pricing FormatFifth Decimal Pricing
📑 Contract Size1 lot = 100,000 base currency units
🔧 Trading Instruments Available• 65 Forex pairs
• 8 Metals
• 9 Indices
• 5 Cryptocurrency Pairs

 

MetaTrader 5 Standard Account

👉 The MetaTrader 5 Standard Account offered by JustMarkets is a favourite option among most traders since it provides access to a diverse selection of financial markets and favourable trading conditions. The following characteristics are ones that traders may look out for.

Account FeatureValue
💵 Minimum Deposit in KES110 Kenyan shilling equivalent to $1
💸 Account Base CurrencyUSD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR
📈 Maximum leverage up to1:3000

💳 Commission chargesNone
🔁 Swap-free option?Yes
📊 Average spreads from0.3 pips
📈 Minimum order size0.01 lot
📉 Maximum order size100 lots
💰 Maximum ordersUnlimited
📞 Margin Call40%
🛑 Stop-Out20%
📊 Trade Execution MethodMarket Execution
💵 Pricing FormatFifth Decimal Pricing
📑 Contract Size1 lot = 100,000 base currency units
🔧 Trading Instruments Available• 65 Forex pairs
• 8 Metals
• 9 Indices
• 5 Cryptocurrency Pairs

 

MetaTrader 5 Pro Account

JustMarkets Review MetaTrader5

👉 The MetaTrader 5 Pro Account, which is popular among more experienced traders, provides access to some of the best trading conditions and the following specifications.

Account FeatureValue
💵 Minimum Deposit in KES11,400 Kenyan shilling equivalent to $100
💸 Account Base CurrencyUSD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR
📈 Maximum leverage up to1:3000

💳 Commission chargesNone
🔁 Swap-free option?Yes
📊 Average spreads from0.1 pips
📈 Minimum order size0.01 lot
📉 Maximum order size100 lots
💰 Maximum ordersUnlimited
📞 Margin Call40%
🛑 Stop-Out20%
📊 Trade Execution MethodMarket Execution
💵 Pricing FormatFifth Decimal Pricing
📑 Contract Size1 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 Raw Spread Account is a great option for scalpers and traders who put a premium on accuracy and shorter timeframes. Scalpers are traders that trade small increments of the market. The particulars of the account are shown below.

Account FeatureValue
💵 Minimum Deposit in KES11,400 Kenyan shilling equivalent to $100
💸 Account Base CurrencyUSD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR
📈 Maximum leverage up to1:3000

💳 Commission charges3 units of the base currency per lot/per side
🔁 Swap-free option?Yes
📊 Average spreads from0.0 pips
📈 Minimum order size0.01 lot
📉 Maximum order size100 lots
💰 Maximum ordersUnlimited
📞 Margin Call40%
🛑 Stop-Out20%
📊 Trade Execution MethodMarket Execution
💵 Pricing FormatFifth Decimal Pricing
📑 Contract Size1 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

JustMarkets Demo Account

JustMarkets Demo Account

👉 JustMarkets provides the option to create a free demo account. Demo trading is a simulation of actual Forex trading used for practice and training purposes. The demo account is free and requires no investment.

 

👉 It enables you to obtain expertise in online trading, practical skills in using MetaTrader, and risk-free strategy testing. A demo account could help a Kenyan trader familiarize themselves with the numerous trading platforms and practice different trading methods.

 

👉 After obtaining your Back Office credentials, you may log in and generate your Demo and Live account information. These credentials can then be used to access demo or live trading accounts on the desktop, mobile, and web-based MT4/MT5 platforms.

JustMarkets Islamic Account

JustMarkets Islamic Account

👉 JustMarkets offers Swap-free and Islamic account alternatives to Kenyan traders who adhere to the Islamic religion. JustMarkets enables Kenyan Muslim traders to change any of their active trading accounts to a different currency.

 

👉 Kenyan traders must verify their details through the KYC process and deposit the minimum amount before they can request an Islamic Account option.

Overall Rating

Min Deposit

USD 1 / 136 KES

Regulators

FSA, CySec, FSCA, FSC

Trading Desk

Metatrader 4

Crypto

Yes

Total Pairs

240+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

JustMarkets Kenya Pros and Cons

✔️ Pros❌ Cons
JustMarkets offers Kenyan traders local deposit and withdrawal optionsThere is no KES-denominated account offered
Traders can deposit and withdraw funds in their local currency, saving them from paying currency conversion feesThere is an inactivity fee charged on dormant accounts
JustMarkets offers social trading opportunities through MetaTrader 5There are deposit fees charged on crypto deposits
The broker offers a comprehensive affiliate program and generous rewardsJustMarkets 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

Verdict on JustMarkets

👉 Overall, JustMarkets is very competitive in terms of its trading fees and spreads.

FAQ

How can I open a JustMarkets account?

You can open a live account with JustMarkets when you visit the homepage and select the option from the homepage. If you have already signed up, you can open additional accounts from the Account Operation section.

 

How much is the minimum deposit for JustMarkets?

The minimum deposit for JustMarkets is 119 KES / 1 USD.

 

Does JustMarkets have a cent account?

Yes, JustMarkets offers a MetaTrader 4 Standard Cent Account.

 

Is JustMarkets a good broker?

JustMarkets is considered a good broker despite the lack of regulation from Tier-1 and Tier-2 regulators.

 

What is the JustMarkets Pro Account?

This is an account that is specifically designed to cater for experienced and professional market participants.

9.7/10 - (22 votes)