JustForex Minimum Deposit, Account Types, Pros, Cons, and Much More

If you want to open an account in JustForex and are unaware of minimum deposits and other details, then this article will surely assist you. Every trading platform has some merits and demerits, and it is highly significant to learn about them before finalizing your decision. 

So, without any delay, let’s jump into the article to explore further about JustForex.

What is JustForex?

JustForex has gained a lot of profit by providing top-notch services to their clients. They have a lot of fantastic attributes such as trading conditions with a large number of products and stability of work. 

Furthermore, JustForex offers a wide range of conditions and accounts so the users can easily choose the most suitable one for them. 

Is JustForex legit or just a scam?

Many people are concerned whether the JustForex is a legit platform or just scamming people and depriving them of their hard-earned money. If you are worried, please stop as it is not a scam, and they give primary importance to the security of their clients.

Pros and Cons of JustForex

Pros

  • Extensive range of payment methods
  • Low minimum deposit
  • Negative balance protection
  • Tight Spread
  • MT4 and MT5
  • Copytrade services

Cons

  • Not good regulation
  • No ZAR Account Currency
  • No acceptance of USA, UK and Japan traders.
  • Not regulated by FSCA

Leverage

Leverage can be defined as the facility that makes you unable to get much more exposure in the market than the amount you have deposited to open an account. Furthermore, it is pertinent to mention here that leveraged products enhance your potential profit and loss both.

Additionally, it is significant to bear in mind that leverage is commonly expressed in a ratio. In the case of JustForex, the maximum amount of leverage is usually 1:3000.

Account Types

JustForex offers an extensive range of account types. The accounts of JustForex are the same as banks, but in the case of JustForex, the account’s primary purpose is trading on currencies.

Forex is also offering an Islamic account.  Luckily, this account is swamp-free. We know that interest or swamp is not allowed in Islam. That’s why they create such accounts for the convenience of Muslim users. 

Additionally, the type and number of accounts that a trader can open usually depends on the regulatory authorities and the country from where the account is operating. 

JustForex has six types of accounts with various types of features such as leverages, commissions, spreads, adjusted account currencies, and several other benefits.

Market Instruments

The number of assets that you can access mainly depends upon the account. But generally, the clients of JustForex have access to more than 140 market instruments. The assets they support are currencies, commodities, shares, and crypto.

Minimal Deposit of JustForex

Before opening an account, users want to know how much money they need to create an account. The minimum deposit also varies with the type of account you are going to create. If you want to open Standard Cent and Standard accounts, you must have $1. On the other hand, in the case of Pro and Raw Spread accounts, you should have $100.

Final Verdict

To sum up the article, we would like to say that in this article, we have covered all the aspects and factors of JustForex. We are optimistic that all your concerns related to JustForex minimum deposit zar, account deposits will be cleared. How is your experience with JustForex? Let us know in the comments section.

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