JustMarkets (formerly JustForex)
Alison Heyerdahl January 7, 2020 09:16 AM
Founded in 2012, JustMarkets (formerly JustForex) is a multi-asset broker with several glaring problems. Our main concern is that JustMarkets' regulatory oversight is weak compared to other similar brokers and that there are many 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 of 0 pips (EUR/USD) in exchange for a commission of 6 USD (round turn) and minimum deposit requirements of 100 USD. It 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 Tanzanians look at trading with more reputable brokers, such as Pepperstone or XM.