Question 1

Is JustMarkets a regulated and safe broker for South African traders?

Accepted Answer

JustMarkets is regulated by multiple reputable authorities, including the FSCA in South Africa, CySEC in Cyprus, FSA in Seychelles, and FSC in Mauritius. This multi-jurisdictional regulation framework ensures strict compliance with international and local financial standards, enhancing trader protection and transparency. Client funds are held in segregated accounts with top-tier banks, and JustMarkets provides negative balance protection, which caps losses to the deposited amount. The broker employs advanced security measures such as SSL encryption and two-factor authentication to safeguard client data and transactions. Although some regulatory bodies are tier-3, direct oversight by the FSCA adds significant safety for South African clients, making JustMarkets a generally safe and secure broker for trading.

Question 2

What are the trading fees and minimum deposit requirements at JustMarkets?

Accepted Answer

JustMarkets offers competitive trading fees across its accounts. The minimum deposit is $10 (approximately 190 ZAR) for Standard and Cent accounts, making it accessible for beginners. Pro and Raw Spread accounts require a higher minimum deposit of $100 to $200. The Standard and Cent accounts have zero commissions, with spreads starting from 0.3 pips, while the Raw Spread accounts offer spreads from 0.0 pips but charge a commission of $3 per side per lot. Overnight swap fees vary by instrument, and the broker applies no deposit or withdrawal fees, though third-party fees and inactivity fees may apply. Overall, trading costs are reasonable, with the Raw Spread account being the most cost-effective for active traders.

Question 3

How can South African traders deposit and withdraw funds with JustMarkets?

Accepted Answer

JustMarkets supports a broad range of deposit and withdrawal methods suitable for South African traders, including bank transfers, credit/debit cards, e-wallets such as Skrill and Neteller, cryptocurrencies, and local payment options. Deposits are typically processed instantly or within minutes, while withdrawals usually take 1 to 2 business days depending on the method used, with e-wallet withdrawals often processed within a few hours. The broker does not charge internal deposit or withdrawal fees; however, traders might incur fees from payment providers or blockchain fees for crypto transactions. JustMarkets maintains secure transaction protocols and requires account verification for processing withdrawals to ensure safety and compliance.

Question 4

Is JustMarkets beginner-friendly, and what educational resources does it offer?

Accepted Answer

Yes, JustMarkets is beginner-friendly. It offers a low minimum deposit of $10 for essential account types, which reduces entry barriers for new traders. The broker provides a free demo account to practice trading in a risk-free environment and supports copy trading, allowing beginners to follow experienced traders. Educational resources include hundreds of forex articles, video tutorials, trading glossaries, and over 20 recorded webinars covering foundational to advanced topics. Although the educational content lacks some diversity and formal courses, the available materials are well-structured and useful for building trading knowledge. Additionally, JustMarkets offers responsive multilingual customer support to assist beginners.

Question 5

What trading platforms and tools are available at JustMarkets?

Accepted Answer

JustMarkets offers the industry-leading MetaTrader 4 and MetaTrader 5 platforms, accessible via desktop, web, and mobile devices. MT4 is suited for basic technical analysis, automated trading with Expert Advisors, and easy order execution, while MT5 delivers advanced charting tools, over 80 technical indicators, 21 timeframes, and additional order types for comprehensive market analysis. JustMarkets also provides a proprietary mobile trading app with extensive analytical tools, charting features, and real-time market data. The broker supports algorithmic trading via Expert Advisors and offers live economic calendars and market news to enhance decision-making. Mobile apps are user-friendly and support full account management, allowing traders to trade conveniently from anywhere.

Question 6

What types of trading accounts does JustMarkets offer, and which is best for beginners?

Accepted Answer

JustMarkets provides multiple account types to suit different trader needs: Standard Cent, Standard, Pro, and Raw Spread accounts. The Standard Cent account is ideal for beginners, allowing micro-lot trading with minimal financial exposure and low risk. Standard accounts cater to all skill levels with competitive spreads and no commissions. Pro and Raw Spread accounts target more experienced traders with tighter spreads and commission-based pricing, suitable for scalping and high-frequency trading. All accounts offer swap-free Islamic options and support up to 1:3000 leverage. The minimum deposit starts at $10 for beginner-friendly accounts, making JustMarkets accessible to novices.

Question 7

Does JustMarkets provide Islamic (swap-free) accounts?

Accepted Answer

Yes, JustMarkets offers Islamic swap-free accounts compliant with Sharia law principles. These accounts do not charge overnight interest (swap fees), allowing traders to hold positions long-term without incurring interest, which aligns with Islamic finance requirements. Clients can convert their existing Standard Cent, Standard, Pro, or Raw Spread accounts to swap-free status by contacting customer support and meeting eligibility criteria. Islamic accounts maintain the same trading conditions, execution models, and spreads as their counterparts, providing a faith-compliant trading solution without compromising access to the full range of financial instruments and trading platforms.

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