Trading currency pairs and other assets can be a risky endeavor, but the risk becomes even larger if you decide to invest in unreliable offshore companies. One of those brokers is called Justforex, and our in-depth Justforex review will provide our readers with everything they need to be aware of before signing up with this trading provider. In other words, they will be able to reconsider their decision before putting pen to paper since after all – their hard-earned funds are on the line here. And because no one wants their money to go down the drain, we believe that this review will motivate the prospective investors to find a better broker.
Leverage: 1:200 Licences: N/A
Min. Deposit: 100 USD Bonus: N/A
Spreads: from 2 pips US Clients: No
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Justforex – about the company
Justforex was established in 2012 as a brand of IPC Trade Inc., and this means that the broker house has a relatively long-lasting presence in the business. However, other issues are dampening their overall quality, and the lack of reputable license is a potential sign of a Justforex scam. Admittedly, the company does have a valid permit issued by the International Financial Services Commission (IFSC) in Belize, but this governing body does not enforce strict regulatory protocols, and their liberal control is not a strong guarantee in the Forex trading world.
Types of accounts
Most Justforex reviews will put a lot of attention on the array of accounts that you can open with this broker, but all of these categories are almost the same, and they do not offer a lot of benefits. Of course, you can first “test the waters” with the help of a demo account, which does not have a time limit. After that, several categories of Live accounts await those who are brave enough to sign up with this offshore enterprise, and the names of these account types are Classic, NDD, ECN, Bitcoin, and Cent. Some of them will give you access to more assets than others will, and the leverage will change as well, but it is evident all of these categories are just making a mess and that half of them are entirely unnecessary.
When it comes to the trading platform, Justforex broker does not offer anything revolutionary, and they are sticking to the tried and tested software solution – MetaTrader 4. This platform is used by the majority of trading providers, and it comes equipped with several valuable tools, such as economic calendar, trading signals, Expert Advisors, and so on. However, Justforex did not make use of all the possibilities of this platform, which is a shame and it remains to be seen if they will enhance their offer in the upcoming period.
Bonuses and promotions
The “quality” of trading incentives plays a significant role in the modern trading world, and when it comes to our Justforex opinion – bonuses and rewards are getting the lowest number of points. In other words, this broker does not provide clients with promotions and rewards that could satisfy an average investor, and their two bonus options are not enough for us to give them a thumbs up. No deposit bonus, or so-called “Test Drive Welcome Bonus” is one of the options, and the other one is called “Double Benefit Bonus,” and it behaves as a standard 100% deposit bonus.
The other thing that most Justforex opinions will mention is the standard set of banking options that are incorporated into the Justforex site. What this means is that you will be able to deposit and withdraw the funds with the help of several most common money-processing services, including bank wire transfers, credit cards, e-wallets, and so on. The process usually takes up to 24h, depending on the banking method.
The site of Justforex Forex broker is available in several languages, but it is evident that their customer support services are targeting South East Asia for the most part. The lack of global awareness is perhaps not a good option, but the management of the company put an emphasis on Malaysia and Indonesia. Clients can contact the staff via mail, live chat, or call back option, but the overall quality of the customer support service with Justforex needs to improve as soon as possible.
Justforex is an offshore broker house that offers unreliable and unprofessional services, and you could see from our Justforex FX broker review that this enterprise is not a top-notch trading provider. That is why we encourage our readers to find a better solution for their investment plans, and this decision could save them from a lot of headaches and frustrations.