JustMarkets
Alison Heyerdahl January 7, 2020 09:18 AM
Founded in 2012, JustMarkets (formerly JustForex) is a multi-asset broker we cannot recommend. Our main concern is that JustMarkets' regulatory oversight is weak compared to other similar brokers. We have also received multiple reports of traders being unable to withdraw their funds, so we urge traders to proceed cautiously. JustMarkets offers seven live accounts on the MT4/MT5 trading platforms with minimum deposits starting at 1 USD and spreads of only [fxs-broker-property identifier="eur_usd_spread_smallest_account"] pips (EUR/USD) on its beginner-friendly Cent Account. Trading costs improve further on its Pro and Raw Spread accounts, with spreads on the Pro Accounts starting at 0.6 pips. Spreads start at 0 pips (EUR/USD) on the Raw Accounts in exchange for a commission of 6 USD (round turn). Both the Pro and the Raw Accounts have minimum deposit requirements of 100 USD. Beginners should be aware that JustMarkets also offers extreme leverage of up to 3000:1, which can see many beginner accounts wiped out quickly. Overall, because of the lack of regulatory oversight and the difficulty of withdrawing funds at JustMarkets, we recommend that Deutschs work with trusted brokers instead, such as Peppersone or XM.