JustMarkets South Africa Review 2024

JustMarkets (Former JustForex), founded in 2011, is licensed by CySEC of Cyprus, FSA of Seychelles, and VFSC of Vanuatu. This forex broker has served millions of clients from 197 countries by providing reliable and professional services.

At JustMarkets South Africa, traders can start their trading journey by making a $1 deposit using the Standard Cent, Standard, Pro, and Raw Spread accounts. They can trade in more than 170 trading instruments, such as Forex, metals, indices, energies, shares, futures, and cryptocurrencies. Moreover, JustMarkets South Africa offers outstanding trading conditions, such as floating spread from 0 pip, leverage up to 1:3000, low to no commission, and fast order execution (from 0.01 seconds) on MT4 and MT5.

JustMarkets South Africa offers a plethora of choices for deposits and withdrawals, including international credit cards, e-wallets, local bank cards/cards/mobile money, local wallets, and cryptocurrencies. Additionally, no fees are required for deposits or withdrawals.

Traders will have access to various programs and promotions including welcome and deposit bonuses. The clients can also take advantage of webinars, articles, glossaries, and educational videos to gain more knowledge. They can utilize beneficial trading tools, such as market news, an economic calendar, and VPS as well.

The broker offers technical support in 18 different languages so traders can have a hassle-free trading experience. The customer support is ready to help 24/7 via email, call, callback request, live chat, messengers (Telegram, Messenger, WhatsApp, Viber, and Line), and social media (Instagram and Twitter). Therefore, all of your questions and problems will be addressed promptly and professionally.

Account types offered by JustMarkets South Africa

At JustMarkets South Africa, there are four account types available, which are Standard Cent, Standard, Pro, and Raw Spread accounts. Each of these accounts offers different trading conditions to cater to the needs of all different traders. All trading accounts are offered with negative balance protection.

These four accounts accept all strategies and use market order execution with no volume limit and no order limit, except for the Cent account which has a limit of 100. The prices are offered in the 5th decimal format.

Cent

Minimum Deposit: $1
Leverage: 1:1000
Minimum trade size: 0.01 cent lots
Spread Type: From 0.3 pips
Commission: No
Account Currency: USC

👉 Open Cent

Standard

Minimum Deposit: $1
Leverage: 1:3000
Minimum trade size: 0.01
Spread Type: From 0.3 pip
Commission: No
Account Currency: USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR

👉 Open Standard

Pro

Minimum Deposit: $100
Leverage: 1:3000
Minimum trade size: 0.01
Spread Type: From 0.1 pips
Commission: No
Account Currency: USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR

👉 Open Pro

Raw Spread

Minimum Deposit: $100
Leverage: 1:3000
Minimum trade size: 0.01
Spread Type: From 0 pip
Commission: $6\lot
Account Currency: USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR

👉 Open Raw Spread

👌 1. Standard Cent Account

The Cent account is suitable for new traders since it has a lower risk and requires a lower minimum order size to start.

To start trading using this account, traders can make a $1 deposit. The currency used in the cent account is USC or USD Cent with maximum leverage of 1:1000, spread starting from 0.3 pips, and no commission. All trading activities are conducted in the range of minimum order size of 0.01 cent lots and maximum order size of 1,000 cent lots (with step 0.01). The Cent account is only available on the MT4 platform.

👌 2. Standard Account

As the most popular trading account at JustMarkets South Africa, the Standard account is a good choice for all traders, beginners or otherwise.

The minimum deposit amount is 1 USD, and traders can choose from these base currencies: USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, and ZAR. Traders can enjoy good trading conditions on MT4 and MT5 platforms, including leverage up to 1:3000, spread from 0.3 pips, and zero commission. The minimum and maximum order sizes are 0.01 lots and 100 lots, respectively.

👌 3. Pro Account

The Pro account is intended for experienced and professional traders since its trading conditions are better and it requires a higher minimum deposit compared to the Standard account.

To use this account, traders have to deposit at least 100 USD with an order size between 0.01 and 100 lots. The leverage is the same as that of the Standard account, i.e., 1:3000, but the spread is much tighter starting from 0.1 pips without any commission. The Pro account is available in USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, and ZAR.

👌 4. Raw Spread Account

The last account type is considered the best one for scalpers. The Raw Spread offers the tightest spread at JustMarkets South Africa.

Traders can register a pro account using USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, or ZAR. Then, with a $100 deposit, they can use leverage as high as 1:3000 and spread from 0 pip on MT4 and MT5 platforms. The minimum and maximum order sizes are 0.01 and 100 lots, respectively. Bear in mind that the traders are to pay a 3 unit of base currency per lot/side as a commission.

Demo Forex account is also available at JustMarkets South Africa. It is a simulation of real trading for practicing and training with virtual money. Traders usually use this account to develop their trading styles, practice various strategies, as well as test the EAs and brokers' services. All the trading conditions, as well as financial and analytical tools in the demo account, are the same as any other account, except for the leverage which is 1:2000.

How to deposit and withdraw funds at JustMarkets South Africa

JustMarkets South Africa offers a wide variety of payment methods. Traders can deposit and withdraw their funds via bank cards, e-wallets, cryptocurrencies, local bank cards/cards/mobile money, and local wallets.

The first payment option is credit card with the following requirements:

🔸 Mastercard, VISA: EUR, USD
deposit à min: 5 USD, max: 10,000 USD, 0% fee, instant
withdrawal à min: 5 EUR/USD, max: 5,000 EUR/USD, 0% fee, 4-10 business days
🔸 UnionPay: USD
deposit à min: 10 USD, max: 10,000 USD, 0% fee, instant
Various e-wallets are also available with different requirements as follows:
🔸 Skrill: EUR, USD
deposit à min: 5 USD, 0% fee, instant
withdrawal à min: 1 EUR/USD, 0% fee, instant
🔸 Neteller: EUR, USD, GBP, and 17 others
deposit à min: 5 USD, 0% fee, instant
withdrawal à min: 1 EUR/USD, max: 8,500 EUR/10,000 USD, 0% fee, instant
🔸 Perfect Money: EUR, USD
deposit à min: 5 USD, 0% fee, instant
withdrawal à min: 1 EUR/USD, 0% fee, instant
🔸 SticPay: EUR, USD, and 20 others
deposit à min: 5 USD, 0% fee, instant
withdrawal à min: 5 EUR, 0% fee, instant
🔸 Airtm: USD
deposit à min: 5 USD, max: 2,500 USD, 0% fee, instant
withdrawal à min: 1 USD, max: 2,500 USD, 0% fee, instant

JustMarkets South Africa also accepts payment methods using cryptocurrencies:

🔸 Bitcoin (BTC)
deposit à min: 5 USD, 2% fee (will be refunded), 1-3 hours
withdrawal à min: 0.0015 BTC, 0% + blockchain fee, several hours
🔸 Bitcoin Cash (BCH)
deposit à min: 5 USD, 2% fee (will be refunded), 1-3 hours
withdrawal à min: 0.05 BCH, 0% + blockchain fee, several hours
🔸 Ethereum (ETH)
Deposit àmin: 5 USD, 2% fee (will be refunded), 1-3 hours
withdrawal à min: 0.06 ETH, 0% + blockchain fee, several hours
🔸 Gemini (GUSD)
deposit à min: 5 USD, 2% fee (will be refunded), 1-3 hours
🔸 Tether (USDT)
withdrawal à min: 10 USDT, 0% + blockchain fee, several hours
🔸 USD Coin (USDC)
deposit à min: 5 USD, 2% fee (will be refunded), 1-3 hours
withdrawal à min: 10 USDC, 0% + blockchain fee, several hours

The minimum deposit starts from 1 USD with zero fee and various processing times. Other payment methods may be available after traders open an account, depending on the country.

Similar to other Forex brokers, JustMarkets South Africa does not allow any third-party accounts. That is to say, the name registered in the trader's account must be the same as the one registered in the payment method. Otherwise, deposit and withdrawal requests will not be processed.

Is JustMarkets South Africa reliable and safe?

Traders do not have to worry about the safety and security of their funds since JustMarkets South Africa is capable of securing them. JustForex is regulated by three authorities under the following company names:

👉 JustMarkets Ltd – located in Cyprus, and licensed by Cyprus Securities and Exchange Commission (CySEC)

👉 Just Global Markets Ltd. – located in Seychelles, and licensed by Financial Services Authority (FSA)

👉 JGM International Pty Limited - located in Seychelles, and licensed by Vanuatu Financial Services Commission (VFSC)

This broker implements an anti-money laundering policy, KYC policy, and due diligence to monitor clients' activities and recordkeeping. All funds are also kept in segregated accounts, managed by high-level professionals with more than 10 years of experience in the financial field.

Furthermore, the broker takes several measures to ensure security, including data transfer protection via an SSL secure connection with encryption, a multilevel system of servers, and data storage protection with encryption. These measures will prevent any loss of information and unauthorized access to the clients' data. JustMarkets South Africa also complies with the international security standards based on PCI DSS.

Types of spreads in JustMarkets South Africa

Spreads at JustMarkets South Africa are floating and start from 0 pip with low to no commission, depending on the trading account.

The spreads for Standard Cent and Standard accounts start from 0.3 pips, while the Pro account offers a lower spread starting from 0.1 pips. No commission is required for these three accounts.

The Raw Spread account comes with the tightest spread starting from 0 pip. However, 3 units of base currency for every lot/side traded or 6 units for every round turn will be required as a commission.

The current average spreads for common currency pairs in different account types are counted in pips as follows:

Trading platforms offered by JustMarkets South Africa

The MT4 and MT5 platforms can be easily accessed in all accounts at JustMarkets South Africa, except for the Standard Cent account which is only offered on the MT4 platform. Both platforms are available on PC, Android, iPhone, and WebTrader.

MetaTrader 4 is one of the best trading platforms with a useful and consistent interface. Some of the PC features include one-click trading, 9 timeframes, and automated trading. Traders can also make use of 30 indicators of technical analysis and real-time interactive graphs on Android and iPhone.

MetaTrader 5 is more intuitive and improved than MT4, also created by MetaQuotes Software Corp. On PC, traders can enjoy one-click trading, instant notification systems, 6 pending order types, 21 timeframes, 44 graphic objects, 38 technical indicators, and a strategy tester. Additionally, 30 of the most popular technical indicators, 24 analytical figures, 9 timeframes, and 3 types of charts can be easily utilized by traders on Android or iPhone.

JustMarkets South Africa Review 2024

Account types offered by JustMarkets South Africa

How to deposit and withdraw funds at JustMarkets South Africa

Is JustMarkets South Africa reliable and safe?

Types of spreads in JustMarkets South Africa

Trading platforms offered by JustMarkets South Africa

Key advantages of trading with JustMarkets South Africa