As a Forex trader, you can use many different sites to get started. A JustForex review will discuss its regulation by the CySEC, MetaTrader4, and MetaTrader5 platforms and dozens of different trade set-ups available daily. In addition, the site offers a variety of educational resources for traders, including a video library and free ebooks.
CySEC regulates JustForex
CySEC, a branch of the European Regulators, champions safe trading and transparency in the EU financial markets. It requires brokers to follow the Commission’s rules and regulations. Most of its activities center on instilling trust in investors and avoiding excessive stifling of competition.
CySEC regulates financial companies, including online brokers. Its members include:
- Two full-time employees.
- Two non-voting members from the Central Bank of Cyprus.
- Two independent members.
The CySEC is also connected to the government; the Council of Ministers votes on the board of directors, which the Minister of Finance proposes. In addition, CySEC constantly amends and renews its guidelines to ensure forex brokers abide by its regulations.
JustForex offers a demo account for new traders and a live trading account. New traders will be taken to a summary page with a user name and account number when opening a live account. Then, if they are ready to trade, they should check whether the broker offers round-the-clock support.
JustForex also offers competitive options trading. However, options are high-risk investments. Hence, choosing a regulated company to invest your money in is imperative. A regulated company holds the necessary licenses to uphold its authorized operations and provide good customer service. JustForex has been operating in the financial industry since 2012 and is a member of the Compensation Scheme for Financial Institutions (CySEC).
Another advantage of JustForex is that it offers lower minimum trade requirements. While many brokers require a high deposit amount to open an account, JustForex has a lower one. This is beneficial for traders looking to trade large volumes.
It offers MetaTrader4 and MetaTrader5 platforms.
MetaTrader 4 and MetaTrader 5 are the most popular trading platforms available for new traders. They provide a comprehensive set of tools for traders to place market and limit orders and execute stop-loss and take-profit orders. In addition, the platforms come with a range of customizable chart templates and dozens of technical indicators. You can even modify these tools to suit your trading style and preferences. Both platforms are easy to use, and they both offer excellent reliability.
MetaTrader 4 is the original trading platform that many institutions and retail traders use. It supports many different types of instruments and functions and is lightning-fast. MT4 is also available for Android and iOS devices, which are ideal for traders who use their smartphones. The mobile platform allows users to view market data, trade stocks, manage positions, and view trading history. The platform also supports technical analysis and interactive charts.
MetaTrader 5 offers a variety of new features and tools for online trading. It is more powerful than its predecessors, offering a full suite of tools for automated trading. This platform also allows users to use Expert Advisors, a program that provides recommendations to help traders make money. In addition, the app allows users to trade anywhere in the world with real-time quotes, charts, indicators, and news bars.
MetaTrader 4 is supported by most brokers, and most will offer this platform as a fallback. It is also widely used by the community, which continues to create new features and add-ons. MetaTrader 4 is free and can be downloaded from MetaQuote’s official website. In addition, it supports trading on Linux and macOS.
It offers leverage of up to 1:3000
JustForex offers leverage of up to 1:3000 on its standard, pro, and cent accounts. Leverage depends on your account type and the assets you choose to trade. Leverage is recalculated every two hours. This allows you to trade more without risking more money. JustForex accepts several payment methods, including credit/debit cards and online payment processors. The site also allows you to deposit and withdraw money quickly and without fees.
The high leverage available with JustForex accounts makes it possible for traders to develop various trading strategies without using large deposits. Moreover, the higher the deposit, the less leverage a trader can use, which helps limit the risk of losses. For more information, traders can visit the website or contact the company’s support team.
JustForex offers a large variety of underlying assets. Apart from the 60 popular forex pairs, the company also offers an extensive selection of cryptocurrencies. In addition, traders can trade in contracts for differences based on stock indices, oil, precious metals, agricultural commodities, and many others. In addition, the broker offers trading in bonds and single stocks of US companies.
JustForex allows traders to use micro lots. This allows them to trade with up to 1:3000 of leverage. The minimum deposit to access the highest leverage is just $5. Furthermore, the minimum deposit to open a position on FBS is only $5. The company also offers leverage of up to 1:3000 on MT4 and MT5.
Leverage is an important aspect of forex trading. Leverage can vary from country to country, so research local laws and regulations to see which type of leverage your broker offers. Companies with more established regulators are more likely to allow lower leverage, and they are also more likely to be more protective of retail traders.
It offers dozens of trade set-ups daily.
JustForex offers leverage up to 1:3000. While trading with this level of leverage is not recommended for beginners, it offers traders a chance to earn more. However, traders should be aware of the risks involved. Excessive leverage can lead to significant losses or even irreversible damages. This broker also offers a variety of bonus options for new clients.
A comprehensive education program is also offered. Traders can take advantage of webinars and educational materials. The website also offers dozens of trade set-ups daily. The website also has a large library of written content and charts essential for written analysis. JustForex also provides dozens of trade ideas and has a good research toolbox.
Trading on the JustForex platform can be simple and quick. Clients can select one of their many pre-installed indicators. In addition, they can also purchase third-party indicators or write their own. This trading platform also supports expert advisors, which are programs that automatically trade with the help of a computer. You can even create custom scripts to increase the efficiency of your machine-controlled trading.
The commissions charged by the brokerage are low. In addition, the broker offers several promotions regularly. They include online trading contests, Christmas rebates, and exclusive promo codes for Nigerian clients. In addition, they offer an Islamic Swap-Free account with a minimum deposit of $100.
A comprehensive customer support team is available to help with all your questions. They offer support in four languages and are available twenty-four hours a day, seven days a week. They also offer a comprehensive FAQ page.
It offers good research tools.
JustForex is a reputable broker with low spreads and a wide range of trading instruments. They offer margin and leverage trading, managed accounts, and copy trading. The research tools at JustForex are also impressive. They provide up-to-date stock market analysis and technical forex analysis. Other useful tools include economic calendars and daily forecasts.
JustForex offers a variety of trading platforms, including a demo account and a commission-free account. It also offers commission-based Forex accounts for more advanced traders. The company also offers seven types of trading accounts, including Islamic swap-free accounts. It also has a wealth of written content and webinars to educate new traders.
The JustForex website features a wealth of research tools and videos to help forex beginners succeed in the forex market. It also provides a free demo account and provides a customer support team that’s available in a variety of languages. Traders can also learn to use Metatrader platforms with the company’s tutorials.
Another useful tool is social trading, which allows new investors to copy the trades of seasoned investors. This tool is particularly useful for those lacking time to conduct market research. Signal providers offer trading signals based on various criteria, so it’s easy to follow a proven trader.
JustForex has excellent infrastructure and supports both MT4 and MT5 trading platforms. The new MT5 platform provides an enhanced trading experience for all users. The MT5 dashboard supports 38 technical indicators and 44 graphical objects. It also has a social trading tool called MQL5 Signal Trading. In addition, JustForex offers leverage of up to 1:3000. However, you should note that using leverage is unsuitable for all traders and can lead to large losses.