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JustMarkets review

JustMarkets Review

Overall, JustMarkets is very competitive in terms of its trading fees and spreads. JustMarkets is a multi-regulated forex broker and is trustworthy for Botswanan traders with a Trust Score of 9 out of 10. JustMarkets is currently not regulated by the MFED, BoB, or NBFIRA of Botswana

Updated : September 23, 2022

Jump to:

005 regulations book

Regulation and Safety of Funds

005 feature selection

Account Types and Features

006 add user

Account Registration

003 responsive design

Trading Platforms

002 candlestick

Range of Markets

007 fees

Fees

001 cash withdrawal

Deposits and Withdrawals

003 research

Education and Research

002 affiliate marketing

Affiliate Program

008 auction

Final Verdict

004 review

Pros and Cons

001 question

FAQ

Overall Rating

Min Deposit

USD1

Regulators

FSA, CySec

Trading Desk

Metatrader 4

Crypto

Yes

Total Pairs

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

JustMarkets Overview

Justmarkets overview

 

👉 Overall, JustMarkets is considered high-risk, with an overall Trust Score of 49 out of 100. JustMarkets is licensed by zero Tier-1 Regulators (high trust), zero Tier-2 Regulators (average trust), and one Tier-3 Regulator (low trust). JustMarkets offers seven different retail trading accounts namely a Standard Cent Account (MT4), Standard Account (MT4), Pro Account (MT4), Raw Spread Account (MT4), Standard Account (MT5), Pro Account (MT5), Raw Spread Account (MT5).

 

👉 JustMarkets accepts Botswanan clients and has an average spread from 0.0 pips with $6 commission round turn. JustMarkets has a maximum leverage ratio up to 1:3000 and there is a demo and Islamic account available. MT4, MT5, and JustMarkets App platforms are supported. JustMarkets is headquartered in Seychelles and regulated by the FSA.

 

👉 JustMarkets was established in 2012 and forms a part of Just Global Markets Ltd., a brokerage firm that is registered in Seychelles.

 

👉 JustMarkets offers seven distinct types of trading accounts, ranging from commission-free to commission-based, Islamic swap-free to ECN trading accounts, all with unique trading conditions and features that suit several types of traders.

 

👉 Overall, JustMarkets is a well-rounded broker since it maintains a competitive price environment, high leverage, superior research, and education. This JustMarkets review for Botswana will provide local retail traders with the details that they need to consider whether JustMarkets is suited to their unique trading objectives and needs.

 

JustMarkets Distribution of Traders

 

👉 JustMarkets currently has the largest market share in these countries:

➡️ Malaysia – 37.5%

➡️ Togo – 7.7%

➡️ Indonesia – 6.2%

➡️ Colombia – 4.6%

➡️ Bahamas – 3.5%

 

Popularity among traders who choose JustMarkets

JustMarkets IB Rewards 4

🥇 JustMarkets has found that consumers from Africa and Asia make up a significant share of its most engaged clientele. JustMarkets is one of the top fifty popular brokers in Botswana, even though there are many more well-known brokers operating in the industry.

JustMarkets At a Glance

🏛 HeadquarteredCyprus
🌎 Global OfficesCyprus, Seychelles
🏛 Local Market Regulators in Botswana• Ministry of Finance and Economic Development (MFED)
• Bank of Botswana (BoB)
• Non-Bank Financial Institutions Regulatory Authority (NBFIRA)
💳 Foreign Direct Investment in Botswana115.89 BWP Million in 2021
💰 Foreign Exchange Reserves in Botswana5270 USD Million in 2021
✔️ Local office in Gaborone?No
👨‍⚖️ Governor of SEC in BotswanaNone, Moses Dinekere Pelaelo is the Governor of the Bank of Botswana
✔️ Accepts Botswana Traders?Yes
📊 Year Founded2012
📞 Botswana Office Contact NumberNone
📱 Social Media Platforms• Facebook
• Twitter
• Instagram
• LinkedIn
⚖️ RegulationSeychelles Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySec)
1️⃣ Tier-1 LicensesNone
2️⃣ Tier-2 LicensesNone
3️⃣ Tier-3 Licenses• Financial Services Authority (FSA)
🪪 License NumberSD088
⚖️ MFED, BoB, or NBFIRA RegulationNo
✔️ Regional RestrictionsThe United States, Japan, United Kingdom, EU, EEA, Belgium, and Spain
☪️ Islamic AccountYes
💻 Demo AccountYes
🛍 Retail Investor Accounts7
✔️ PAMM AccountsMAM Accounts
💻 Liquidity Providers18
✔️ Affiliate ProgramYes
📱 Order ExecutionMarket
📊 Starting spreadFrom 0.0 pips
📉 Minimum Commission per Trade$3 per lot, per side
💰 Decimal Pricing5th decimal pricing after the comma
📞 Margin Call40%
🛑 Stop-Out20%
📉 Minimum Trade Size0.01 lots
📈 Maximum Trade Size100 lots
✅ Crypto trading offered?Yes
✔️ Offers a BWP Account?No
📉 Dedicated Botswana Account Manager?No
📈 Maximum Leverage1:3000
📊 Leverage Restrictions for Botswana?No
💳 Minimum Deposit (BWP)12 Botswanan Pula equivalent to $1
✔️ Botswana Pula Deposits Allowed?Yes
📊 Active Botswana Trader Stats250,000+
👥 Active Botswana-based JustMarkets customersUnknown
🔁 Botswana Daily Forex TurnoverUnknown, Forex overall is $6.6 Trillion
💰 Deposit and Withdrawal Options• Debit Card
• Credit Card
• China UnionPay
• Skrill
• Neteller
• Perfect Money
• Sticpay
• AirTM
• Bitcoin
• Bitcoin Cash
• Ethereum
• Tether
• USD Coin
• Local Bank Transfers, • Cards, Mobile Money
• Local Wallets
💻 Minimum Withdrawal TimeInstant
⏰ Maximum Estimated Withdrawal Time10 bank days
💳 Instant Deposits and Instant Withdrawals?Yes
🏛 Segregated Accounts with Botswana Banks?No
📱 Trading PlatformsMT4, MT5, MT4/5 WebTrader, mobile (iOS & Android)
💻 Tradable Assets• Indices
• Energies
• Forex
• Metals
• Cryptocurrencies
• Shares
• Futures
✔️ Offers USD/BWP currency pair?No
💰 Deposit FeeNone
📊 USD/BWP Average SpreadN/A
✅ Offers Botswana Stocks and CFDsNo
💻 Languages supported on the WebsiteEnglish, Spanish, Portuguese, French, Russian, Indonesian, Malaysian, Chinese (Simplified and Traditional), Lao, Vietnamese, Thai, Turkish, and more.
☎️ Customer Support LanguagesMultilingual
👥 Copy Trading SupportYes
⏰ Customer Service Hours24/5
📞 Botswana-based customer support?No
💵 Holding companyJust Global Markets Ltd.
💸 Bonuses and Promotions for Botswanans?Yes
📚 Education for Botswanan beginner tradersYes
📱 Proprietary trading softwareNo
🤝 Most Successful Trader in BotswanaUnknown
✔️ Is JustMarkets a safe broker for Botswana Traders?Yes
🎖 Rating for JustMarkets Botswana8/10
🥇 Trust score for JustMarkets Botswana49%
👉 Open Account👉 Open Account

JustMarkets Regulation and Safety of Funds

justmarkets regulation

JustMarkets Regulation in Botswana

 

👉 JustMarkets is not governed by any local legislation in Botswana, but the broker accommodates Botswanan traders.

 

JustMarkets Global Regulations

👉 JustMarkets is registered as a business with the Financial Services Authority (FSA) in Seychelles, which does not apply any supervision of trading-related activities; consequently, any claims it makes regarding the security of funds cannot be proven.

 

👉 Even though JustMarkets has a history of responsible behaviour, the FSA, as a Tier-3 (high risk, low trust regulator) does not apply any supervision of trading-related activities.

 

👉 Other entities that are associated with JustMarkets include:

➡️ The Financial Services Authority (FSA) in the area acts as the supervisor for GM Group Limited, which has its headquarters in Saint Vincent and the Grenadines and is registered there with the number 23993.

➡️ GM Group Limited is a company that is incorporated in Limassol, Cyprus. GMFT Services Ltd. is the payment agent that operates on behalf of GM Group Limited.

 

JustMarkets Client Fund Security and Safety Features

 

👉 JustMarkets ensures its customers’ financial security by placing their cash in separate bank accounts and providing negative balance protection. This implies that customers may lose all their money, but the amount they lose cannot be higher than the current balance in their trading account.

 

👉 The website of JustMarkets is protected by SSL secure connections, which encrypt the information and data of customers while it is being sent between the website and the trading platform.

 

👉 JustMarkets has ensured that all its internal operations adhere to the PCI Data Security Standards. JustMarkets protects its customers’ data by maintaining several servers and a convoluted data-backup system, both of which assist ensure that customer data is never lost.

JustMarkets Awards and Recognition

👉 There are currently no indications of any awards or recognition on the official JustMarkets website.

JustMarkets Account Types and Features

JustMarkets Review Account Types

 

👉 MT4 and MT5 trading platforms are supported by JustMarkets, which provides seven real accounts with varied minimum deposits. With five commission-free accounts, trading expenses are incorporated in the variable spreads, while the other two accounts feature a narrower spread in exchange for a fee per lot moved.

 

👉 The Standard Accounts have higher trading expenses than usual, whilst the Pro Accounts have lower trading charges but higher initial deposit requirements. JustMarkets’s three Standard Accounts are better suited for those who are just starting in the forex market while the Raw Spread and Pro accounts cater for more advanced traders.

 

👉 Botswanan traders should note that they have more leeway with trading strategies than with other brokers and hedging, scalping, netting, and copy trading are all permitted on all accounts, and Islamic Swap-free accounts are offered.

 

👉 Botswanans must note that there are 11 base currencies namely USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, and ZAR. However, the MT4 Standard Cent Account is denominated in US cents.

 

👉 MetaTrader 4 retail investor accounts are:

➡️ Standard Cent Account

➡️ Standard Account

➡️ Pro Account

➡️ Raw Spread Account

 

👉 The MetaTrader 5 retail accounts are:

➡️ Standard Account

➡️ Pro Account

➡️ Raw Spread Account

💻 Live Account📉 Minimum Dep.📊 Average Spread💰 Commissions💸 Average Trading Cost
➡️ MT4 Standard Cent12 BWP/1 USD0.9 pipsNone9 USD
➡️ MT4 Standard12 BWP /1 USD1 pipNone10 USD
➡️ MT4 Pro1,200 BWP /100 USD0.6 pipsNone6 USD
➡️ MT4 Raw Spread1,200 BWP /100 USD0.1 pips$6 per turn6 USD
➡️ MT5 Standard12 BWP /1 USD1 pipNone14 USD
➡️ MT5 Pro1,200 BWP /100 USD0.6 pipsNone6 USD
➡️ MT5 Raw Spread1,200 BWP /100 USD0.0 pips$6 per turn6 USD

 

JustMarkets Live Trading Accounts

 

MetaTrader 4 Standard Cent Account

JustMarkets Review MetaTrader4

👉 The Standard Cent Account is perfect for beginning traders and experienced traders who want to test trading methods in a low-risk environment. The account is denominated in cents and offers much lower position sizes to restrict traders’ exposure to risk.

Account FeatureValue
📉 Minimum Deposit Requirement12 Botswanan Pula equivalent to $1
💻 Account Base CurrencyUSC
📊 Maximum leverage up to1:1000
💳 Commission chargesNone
📊 Swap-free option?Yes
📈 Average spreads from0.9 pips
📉 Minimum order size0.01 cent lot
➡️ Maximum order size1,000 cent lots
⬆️ Maximum orders100
📞 Margin Call40%
🛑 Stop-Out (%)20%
📱 Trade Execution MethodMarket Execution
✔️ Pricing FormatFifth Decimal Pricing
💻 Contract Size1 lot = 1,000 base currency units
✅ Trading Instruments Available• 37 Forex pairs
• 4 Metals
• 9 Indices
• 5 Cryptocurrency Pairs

 

MetaTrader 4 Standard Account

JustMarkets Review MetaTrader5

👉 All sorts of traders make use of the Standard Account, which is one of the entry-level accounts with fundamental account characteristics including the following:

Account FeatureValue
📉 Minimum Deposit Requirement12 Botswanan Pula equivalent to $1
💻 Account Base CurrencyUSD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR
📊 Maximum leverage up to1:3000
💳 Commission chargesNone
📊 Swap-free option?Yes
📈 Average spreads from1 pip
📉 Minimum order size0.01 lot
➡️ Maximum order size100 lots
⬆️ Maximum ordersUnlimited
📞 Margin Call40%
🛑 Stop-Out (%)20%
📱 Trade Execution MethodMarket Execution
✔️ Pricing FormatFifth Decimal Pricing
💻 Contract Size1 lot = 100,000 base currency units
✅ Trading Instruments Available• 65 Forex pairs
• 8 Metals
• 9 Indices
• 5 Cryptocurrency Pairs

 

MetaTrader 4 Pro Account

JustMarkets account types comparison

👉 The Pro Account is tailored to the needs of experienced Botswanan traders who want access to some of the most favourable trading circumstances.

Account FeatureValue
📉 Minimum Deposit Requirement1,200 Botswanan Pula equivalent to $100
💻 Account Base CurrencyUSD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR
📊 Maximum leverage up to1:3000
💳 Commission chargesNone
📊 Swap-free option?Yes
📈 Average spreads from0.6 pips
📉 Minimum order size0.01 lot
➡️ Maximum order size100 lots
⬆️ Maximum ordersUnlimited
📞 Margin Call40%
🛑 Stop-Out (%)20%
📱 Trade Execution MethodMarket Execution
✔️ Pricing FormatFifth Decimal Pricing
💻 Contract Size1 lot = 100,000 base currency units
✅ Trading Instruments Available• 65 Forex pairs
• 8 Metals
• 9 Indices
• 5 Cryptocurrency Pairs

 

MetaTrader 4 Raw Spread Account

👉 Scalpers, day traders, high-frequency traders, and algorithmic traders in Botswana will find this account to be an excellent choice since it provides narrow spreads.

Account FeatureValue
📉 Minimum Deposit Requirement1,200 Botswanan Pula equivalent to $100
💻 Account Base CurrencyUSD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR
📊 Maximum leverage up to1:3000
💳 Commission charges3 units of the base currency per lot/per side
📊 Swap-free option?Yes
📈 Average spreads from0.0 pips
📉 Minimum order size0.01 lot
➡️ Maximum order size100 lots
⬆️ Maximum ordersUnlimited
📞 Margin Call40%
🛑 Stop-Out (%)20%
📱 Trade Execution MethodMarket Execution
✔️ Pricing FormatFifth Decimal Pricing
💻 Contract Size1 lot = 100,000 base currency units
✅ Trading Instruments Available• 65 Forex pairs
• 8 Metals
• 9 Indices
• 5 Cryptocurrency Pairs

 

MetaTrader 5 Standard Account

JustMarkets Standard

👉 This account is quite like the one that is provided by MetaTrader 4, with the key difference being that Botswanan traders have access to the more sophisticated and adaptable MetaTrader 5.

Account FeatureValue
📉 Minimum Deposit Requirement12 Botswanan Pula equivalent to $1
💻 Account Base CurrencyUSD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR
📊 Maximum leverage up to1:3000
💳 Commission chargesNone
📊 Swap-free option?Yes
📈 Average spreads from1 pip
📉 Minimum order size0.01 lot
➡️ Maximum order size100 lots
⬆️ Maximum ordersUnlimited
📞 Margin Call40%
🛑 Stop-Out (%)20%
📱 Trade Execution MethodMarket Execution
✔️ Pricing FormatFifth Decimal Pricing
💻 Contract Size1 lot = 100,000 base currency units
✅ Trading Instruments Available• 65 Forex pairs
• 8 Metals
• 9 Indices
• 5 Cryptocurrency Pairs

 

MetaTrader 5 Pro Account

JustMarkets pro

👉 The MetaTrader 5 Professional Account provides experienced traders with access to a variety of additional features and tools that may be utilized to give their trading an advantage over that of other traders.

Account FeatureValue
📉 Minimum Deposit Requirement1,200 Botswanan Pula equivalent to $100
💻 Account Base CurrencyUSD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR
📊 Maximum leverage up to1:3000
💳 Commission chargesNone
📊 Swap-free option?Yes
📈 Average spreads from0.6 pips
📉 Minimum order size0.01 lot
➡️ Maximum order size100 lots
⬆️ Maximum ordersUnlimited
📞 Margin Call40%
🛑 Stop-Out (%)20%
📱 Trade Execution MethodMarket Execution
✔️ Pricing FormatFifth Decimal Pricing
💻 Contract Size1 lot = 100,000 base currency units
✅ Trading Instruments Available• 65 Forex pairs
• 8 Metals
• 9 Indices
• 5 Cryptocurrency Pairs

 

MetaTrader 5 Raw Spread Account

JustMarkets Raw Spread

👉 Botswanan MetaTrader 5 traders will find that the trading conditions provided by this account are among the best available in a market that moves quickly and is extremely competitive.

Account FeatureValue
📉 Minimum Deposit Requirement1,200 Botswanan Pula equivalent to $100
💻 Account Base CurrencyUSD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR
📊 Maximum leverage up to1:3000
💳 Commission charges3 units of the base currency per lot/per side
📊 Swap-free option?Yes
📈 Average spreads from0.0 pips
📉 Minimum order size0.01 lot
➡️ Maximum order size100 lots
⬆️ Maximum ordersUnlimited
📞 Margin Call40%
🛑 Stop-Out (%)20%
📱 Trade Execution MethodMarket Execution
✔️ Pricing FormatFifth Decimal Pricing
💻 Contract Size1 lot = 100,000 base currency units
✅ Trading Instruments Available• 65 Forex pairs
• 8 Metals
• 9 Indices
• 5 Cryptocurrency Pairs

 

JustMarkets Base Account Currencies

👉 JustMarkets gives customers the ability to choose the base currency of their trading account from among several other currencies. On the other hand, this does not account for BWP. Traders are only permitted to open an account that is denominated in one of the following currencies:

➡️ USD

➡️ EUR

➡️ GBP

➡️ JPY

➡️ MYR

➡️ IDR

➡️ THB

➡️ VND

➡️ KWD

➡️ CNY

➡️ ZAR

 

JustMarkets Demo Account

JustMarkets Demo Account

 

👉 A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital. 

 

👉 There is a certain degree of risk involved when trading financial markets and JustMarkets offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.

 

👉 A risk-free practice trading account can be established with JustMarkets on a wide range of live account types. Demo trading is a simulation of genuine trading on the Forex market that is designed for practice and education.

 

👉 The demo account does not call for any investments and is completely free to use. Gaining expertise in online trading, practical skills in dealing with MetaTrader, and the ability to test your strategy without taking any risks is one of many advantages of the demo account.

 

JustMarkets Islamic Account

JustMarkets Islamic Account

 

👉 Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.

 

👉 This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.

 

👉 Because Islamic trading accounts do not charge swap or rollover interest on positions that are held overnight in the currency market, these accounts are also known as “no swap accounts.”

 

👉 Clients who adhere to Islam can trade financial instruments online using Islamic trading accounts while still complying with Sharia law. After you have transferred funds into your live trading account, you are eligible to apply for an Islamic account.

 

👉 After that, the request is going to be sent to the appropriate department so that they may look it over and provide their approval, with JustMarkets reserving the right to approve or deny an application without any further explanation. The processing of requests typically takes between one and two days of business.

How to open an Account with JustMarkets in Botswana

JustMarkets Open An Account

 

👉 To register an account with JustMarkets, Botswana Traders can follow these steps:

 

➡️ You will need to begin the process of registering an account with JustMarkets by going to the site and clicking on the “Registration” link. Once there, you will be prompted to enter your name, email address, and password.

 

➡️ The next step for traders is to fill out a profile with personal details, including their name, date of birth, and telephone number.

 

➡️ After that, traders can begin trading after depositing cash into their accounts.

 

➡️ JustMarkets requires the following papers, namely evidence of identification and proof of residency, for customers to enjoy the full range of services that are offered by JustMarkets and to be able to withdraw monies from their accounts. Traders are also required to submit verification of their credit or debit card to check that the information provided by the card matches that of the trader (as part of Anti-money laundering procedures).

 

➡️ Identification consists of high-resolution scanned copies or photographs of an identity document. This document must verify your person by displaying your full name, photo, signature, date of birth, and expiration date in an easily readable way, and it must be valid for at least six months from the time the application is submitted.

 

➡️ Proof of residence – You can upload high-resolution scanned copies or pictures of a document in which your full name and address are visible and will match the information that you provided.

 

➡️ Address of Employment – This can be High-resolution scanned copies or photos of an employment authorization letter. The document must be more than three months old at the time of review.

 

➡️ Credit Card Verification It is not necessary to verify credit cards while using CUP (China Union Pay) cards. Note that card verification is only necessary if you wish to use Visa or Mastercard as a way of depositing and withdrawing money from your account.

JustMarkets Vs AvaTrade Vs FBS – Broker Comparison

🥇 JustMarkets🥈 AvaTrade🥉 FBS
⚖️ RegulationFSACentral Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROCIFSC, CySEC, ASIC, FSCA
📱 Trading Platform• MetaTrader 5
• MetaTrader 4
• JustMarkets App
• AvaTradeGO
• AvaOptions
• AvaSocial
• MetaTrader 4
• MetaTrader 5
• DupliTrade
• ZuluTrade
• MetaTrader 4
• MetaTrader 5
• FBS Trader
• CopyTrade
💰 Withdrawal FeeNoNoYes
📊 Demo AccountYesYesYes
📈 Minimum Deposit12 BWP1,200 BWP12 BWP
📊 LeverageUp to 1:3000• 1:30 (Retail)
• 1:400 (Pro)
Up to 1:3000
📊 SpreadFrom 0.0 pipsFixed, from 0.9 pipsFrom 0.0 pips
💰 Commissions$3 units per lot/sideNoneFrom $6
✴️ Margin Call/Stop-Out40%/20%• 25% – 50% (M)
• 10% (S/O)
40%/ 20%
💻 Order ExecutionMarketInstantMarket
💳 No-Deposit BonusYesNoYes
📊 Cent AccountsYesNoYes
📈 Account Types• MetaTrader 4 • Standard Cent Account
• MetaTrader 4 Standard Account
• MetaTrader 4 Pro Account
• MetaTrader 4 Raw Spread Account
• MetaTrader 5 Standard Account
• MetaTrader 5 Pro Account
• MetaTrader 5 Raw Spread Account
• Standard Live Account
• Professional Account Option
• FBS Cent Account
• FBS Micro Account
• FBS Standard Account
• FBS Zero Account
• FBS ECN Account
• FBS Crypto Account
⚖️ CBN RegulationNoNoNo
💳 BWP DepositsYesNoNo
📊 Botswana Pula AccountNoNoNo
👥 Customer Service Hours24/524/524/7
📊 Retail Investor Accounts716
☪️ Islamic AccountYesYesYes
📉 Minimum Trade Size0.01 lots0.01 lots0.01 lots
📈 Maximum Trade Size100 lotsUnlimited500 lots
💰 Minimum Withdrawal TimeInstant24 to 48 Hours15 to 20 minutes (maximum 48 hours)
📊 Maximum Estimated Withdrawal Time10 bank daysUp to 10 daysUp to 7 days
💸 Instant Deposits and Instant Withdrawals?YesNoInstant Deposits

JustMarkets Trading Platforms

JustForex Review Live Trading Accounts

 

👉 JustMarkets offers Botswana Traders a choice between these trading platforms:

➡️ MetaTrader 4

➡️ MetaTrader 5

➡️ JustMarkets App

 

Desktop Platforms

➡️ MetaTrader 4

➡️ MetaTrader 5

 

MetaTrader 4

 

👉 The previous version of MetaTrader was developed by MetaQuotes and is known as MetaTrader 4. Even though MetaTrader 5 is an improved version of MetaTrader 4, the latter has continued to hold the title of the most widely used platform.

 

👉 One of the primary reasons why MetaTrader 4 has grown so popular is that MetaTrader 5, which was released a few years later, is incompatible with the hundreds of trading systems that have been developed specifically for MetaTrader 4.

 

👉 Among the many features offered by MT4 are the following:

➡️ A large variety of analytical tools and graphical tools

➡️ 9 timeframes

➡️ Algorithmic trading using EAs in addition to several other useful tools and components

 

MetaTrader 5

JustMarkets mt5 for pc

 

👉 The professional trading platform known as MetaTrader 5 is renowned for its robust capabilities in the areas of trading, analysis, and charting. The trading platform known as MetaTrader 5 is incredibly quick, flexible, and adaptable, and it is compatible with a broad variety of trading strategies.

 

👉 The following is a list of some of the most notable features that are included in MetaTrader 5: 

➡️ Advanced charting across a wide range of markets

➡️ 21 distinct timeframes that can be selected on charts

➡️ A diverse selection of order types, such as pending orders, limit orders, and others

➡️ 38 graphical items and 44 technical indicators for use in chart analysis

➡️ Trading based on algorithms with the assistance of experienced advisors

➡️ Integrated market depth as well as a complete economic calendar

➡️ Comprehensive crypto analysis

➡️ Fundamental summaries

➡️ Hosting on a Virtual Private Server

➡️ Widgets that can be used with an analysis of the depth of market

➡️ An expanded selection of charting capabilities, in addition to other improvements.

 

WebTrader Platforms

JustMarkets MT4 and MT5

➡️ MetaTrader 4 and 5

MetaTrader 4 and 5

 

👉 Traders have the option of using either the MT4 or MT5 trading platform’s most fundamental version. It provides a concise tutorial on how to use MT4, which is a welcome addition, and places it just underneath the first explanation of the trading platform.

 

👉 Unfortunately, JustMarkets does not let any third-party add-ons be utilized in the process of upgrading the trading platforms. The MT4 and MT5 versions of MQL5 Signal Trading offer social trading.

 

👉 While the MT4 trading platform is still the best option at JustMarkets, the MT5 platform is also accessible, which is evidence that JustMarkets has invested further resources into improving its infrastructure.

 

Trading App

JustMarkets MT5 for Android

➡️ MetaTrader 4 and 5

➡️ JustMarkets App

 

MetaTrader 4 and 5

 

 

👉 The MetaTrader mobile application gives the same access to the global financial markets as the standard desktop terminal, with a few exceptions. Mobile trading on MetaTrader 4 and 5 offers Botswanan traders the benefit that they can trade from anywhere, at any given time.

 

👉 Another benefit, that will save bandwidth, is that offline trading is possible with the MetaTrader apps for Android and iOS. For many traders, MetaTrader’s mobile app is a handy supplement to the desktop version.

 

JustMarkets App

 

👉 All the features that are available on the desktop version of the JustMarkets website are also available on the mobile application. The app provides Botswanan traders with a straightforward graphical user interface that can be utilized for reading analytics, verifying their accounts, and managing withdrawals.

JustMarkets Range of Markets

JustMarkets Review Range of Markets

👉 Botswana Traders can expect the following range of markets from JustMarkets:

➡️ 65 Forex pairs

➡️ 8 Metals

➡️ 11 Indices

➡️ 2 Energies

➡️ 7 Cryptocurrency Pairs

➡️ 64 Shares

➡️ 21 Futures

 

Financial Instruments and Leverage offered by JustMarkets

🔨 Instrument💰 Number of Assets Offered📈 Max Leverage Offered
➡️ Forex651:3000
➡️ Precious Metals101:100
➡️ ETFs111:200
➡️ Stocks631:20

➡️ Cryptocurrency71:10
➡️ Futures231:50

 

Broker Comparison for Range of Markets

🥇 JustMarkets🥈 AvaTrade🥉 FBS
➡️️ ForexYesYesYes
➡️️ Precious MetalsYesYesYes
➡️️ ETFsNoYesNo
➡️️ CFDsYesYesYes
➡️️ IndicesYesYesYes
➡️️ StocksYesYesYes
➡️️ CryptocurrencyYesYesYes
➡️️ OptionsNoYesNo
➡️️ EnergiesYesYesYes
➡️️ BondsNoYesNo

Just Forex Trading and Non-Trading Fees

Spreads

JustMarkets Spreads

👉 The minimum spreads that traders can anticipate receiving from JustMarkets will be contingent on the type of account that they use, the financial instrument that is being traded, and the general market conditions on the day that they decide to trade.

 

👉 Traders can anticipate these factors when they participate in financial instrument trading through JustMarkets. The competitive spreads offered by JustMarkets are lower than the norm offered by the industry, even though they are not the lowest in the market.

 

👉 The following is a list of the common minimum spreads, organized according to the distinct types of accounts:

➡️ MetaTrader 4 Standard Cent Account – 0.9 pips

➡️ MetaTrader 4 Standard Account – 1 pips

➡️ MetaTrader 4 Pro Account – 0.6 pips

➡️ MetaTrader 4 Raw Spread Account – 0.0 pips

➡️ MetaTrader 5 Standard Account – 1 pip

➡️ MetaTrader 5 Pro Account – 0.6 pips

➡️ MetaTrader 5 Raw Spread Account – 0.0 pips

 

👉 In addition to these spreads, Botswanan traders can expect some of the following averages spreads:

🔨 Instrument💻 Standard🥇 Pro 📊 Raw Spread📈 Cent
Forex1 pip0.6 pips0.0 pips0.9 pips
Metals2.5 pips2.2 pips1 pip2.5 pips
Indices2.5 pips1 pip1 pip2.5 pips
Energies2 pips2 pips
Crypto20 pips0.0 pips0.0 pips11 pips
AAPL10 pips10 pips
Futures0.1 pips0.1 pips

 

Commissions

JustMarkets Review Commissions

 

👉 Commissions are applied to the following types of accounts with JustMarkets:

➡️ MetaTrader 4 Raw Spread Account – 3 units of the base currency per lot/per side

➡️ MetaTrader 5 Raw Spread Account – 3 units of the base currency per lot/per side

 

Overnight Fees, Rollovers, or Swaps

JustMarkets Review Overnight Fees

 

👉 When Botswanan traders keep their positions open for more than 24 hours, they are subject to overnight costs.

 

👉 These costs are established in a manner that is unique to each broker, but in general, they are related to the size of the trader’s position, the financial instrument involved, and whether the trader is long or short.

 

👉 The following are some examples of the typical overnight fees for Botswanan traders:

🔨 Instrument🔁 Swap Long🔃 Swap Short
EUR/USD-4.44 pips-0.09 pips
USD/JPY-1.36 pips-2.97 pips
Cryptocurrencies-20%-20%
Energies-6%-3%
Indices-1%-1.50%
Shares-6%-3%
XAG/USD-0.2 pips-0.09 pips
XAU/USD-4.18 pips-0.77 pips
Futures-6%-3%

 

Deposit and Withdrawal Fees

justmarkets deposits and withdrawals

 

👉 There are costs associated with each cryptocurrency deposit option; however, there are no fees associated with withdrawing cryptocurrency. When Botswanan traders withdraw funds from their trading accounts, they could be subject to processing fees applied by their payment provider.

👉 The deposit fee of 2% applies to these cryptocurrencies:

➡️ Bitcoin (BTC)

➡️ Bitcoin Cash (BCH)

➡️ Ethereum (ETH)

➡️ Gemini (GUSD)

➡️ USD Coin (USDC)

 

Inactivity Fees

👉 If a live trading account becomes dormant after 150 days, the account will be charged an inactivity fee of $5. This amount will be deducted from the account every month that it remains inactive until the account balance is zero, after which the account will be closed automatically.

 

Currency Conversion Fees

 

👉 Botswanan traders should anticipate having to pay currency conversion costs if they make a deposit or withdrawal in a currency that is not one of the account’s allowed currencies.

JustMarkets Deposits and Withdrawals

JustMarkets Review Deposit And Withdrawal

 

👉 JustMarkets offers the following deposit and withdrawal methods:

➡️ Debit Card

➡️ Credit Card

➡️ China UnionPay

➡️ Skrill

➡️ Neteller

➡️ Perfect Money

➡️ Sticpay

➡️ AirTM

➡️ Bitcoin

➡️ Bitcoin Cash

➡️ Ethereum

➡️ Tether

➡️ USD Coin

➡️ Local Bank Transfers, Cards, Mobile Money

➡️ Local Wallets and worldwide wallets

 

Broker Comparison: Deposit and Withdrawals

🥇 JustMarkets🥈 AvaTrade🥉 FBS
Minimum Withdrawal TimeInstant24 to 48 Hours15 to 20 minutes (maximum 48 hours)
Maximum Estimated Withdrawal Time10 bank days10 business daysUp to 7 days
Instant Deposits and Instant Withdrawals?YesNoInstant Deposits

 

JustMarkets Deposit Currencies, Minimum and Maximum Deposit and Withdrawal Amounts

💳 Payment Method💰 Deposit Currencies🔁 Deposit Processing💳 Withdrawal Processing💻 Max Deposit📉 Min Withdrawal💸 Max Withdrawal
Debit CardEUR, USDInstant4 to 10 days10,000 USD5 EUR, USD5,000 EUR, USD
Credit CardEUR, USDInstant4 to 10 days10,000 USD5 EUR, USD5,000 EUR, USD
China UnionPayEUR, USDInstant10,000 USD
SkrillEUR, USDInstantInstant1 EUR, USDNone
NetellerEUR, USD, GBP, ZAR, CNY, MYR, JPY, AED, AUD, BRL, CAD, CHF, COP, INR, KRW, MXN, NGN, RUB, SGD, TWDInstantInstant1 EUR, USD8,500 EUR
10,000 USD
Perfect MoneyEUR, USDInstantInstant1 EUR, USDNone
SticpayEUR, USD, JPY, KRW, CNY, PHP, AED, AUD, CAD, CHF, CLP, GBP, HKD, IDR, INR, MXN, MYR, NZD, RUB, SGD, THB, VNDInstantInstant5 USDNone
AirTMUSDInstantInstant2,500 USD1 USD2,500 USD
BitcoinBTC1 – 3 hours1 – 2 hours0.0015 BTCNone
Bitcoin CashBCH1 – 3 hours1 – 2 hours0.05 BCHNone
EthereumETH1 – 3 hours1 – 2 hours0.06 ETHNone
Tether10 USDTNone
USD CoinUSD1 – 3 hours1 – 2 hours10 USDCNone
Local Bank Transfers, Cards, Mobile MoneyMYR, IDR, THB, VND, PHP, NGN, ZAR, UGX, KES, RWF, GHS, XAF, TZS, EUR, USD, COP, BRLInstant up to 1 dayInstant up to 3 days800 USD to 15,000 USD• 50 MYR
• 200,000 IDR
• 500 THB
• 300,000 VND
• 2,500 PHP
• 2,000 NGN
• 50 ZAR
• 5,000 UGX
• 500 KES
• 3,000 RWF
• 10 GHS
• 3,000 XAF
• 2,000 MXN
• 76,750 CLP
• 530 BRL
• 50,000 MYR
• 200,000,000 IDR
• 500,000 THB
• 300,000,000 VND
• 140,000 PHP
• 800,000 NGN
• 250,000 ZAR
• 500,000 UGX
• 70,000 KES
• 2,000,000 RWF
• 2,000 GHS
• 3,000,000 XAF

How to Deposit Funds with JustMarkets

justmarkets deposits and withdrawals

 

👉 To deposit funds to an account with JustMarkets, Botswana Traders can follow these steps:

➡️ Traders in Botswana can log in to the JustMarkets Back Office by using their credentials.

➡️ Once inside, traders can select “Deposit” and fill out the necessary information.

➡️ Traders can see the particulars of their deposit when it has been completed, and then they can click the “Deposit” button to complete the process.

JustMarkets Fund Withdrawal Process

Justmarkets deposit and withdrawal

 

👉 To withdraw funds from an account with JustMarkets, Botswana Traders can follow these steps:

➡️ Traders who wish to withdraw their cash can do so by logging into their client area on the JustMarkets website and selecting the appropriate option.

➡️ Traders can choose their chosen payment method (which must be the same method that was used to deposit into the account), the amount that needs to be withdrawn, and any other relevant extra data from this page.

 

👉 As soon as a trader submits a request to JustMarkets to withdraw funds, such request will immediately be forwarded to the appropriate JustMarkets department to be handled.

 

👉 Traders are required to make sure that the name on the trading account that they established with JustMarkets is the same as the name on the account to which they will send payments.

JustMarkets Education and Research

Justmarkets research

 

Education

👉 JustMarkets offers the following Educational Materials:

➡️ Quick Start

➡️ Online Training Webinars

➡️ Bookings for future webinars

➡️ Forex Articles

➡️ Forex Glossary

➡️ Educational Videos

➡️ Currencies

 

👉 In terms of the Forex Articles offered, the JustMarkets website offers over 55 forex trading articles. The articles are designed for novices and introduce forex trading, vocabulary, proper trading methods, and money management tactics.

 

👉 JustMarkets also offers a comprehensive glossary that offers over 70 forex/CFD trading terminology and thorough descriptions. This might assist users in becoming acquainted with some of the more often used trading phrases.

 

👉 In addition, JustMarkets provides a total of 5 trading videos that educate traders on how to use some of the more advanced features of the MetaTrader platform, such as:

➡️ Selecting a trade signal on the MT4 or MT5 platform

➡️ Purchasing a robot or indication from the MetaTrader Market.

➡️ Creating a ‘Trading Robot’ on MetaTrader without having to write any code.

 

Research and Trading Tool Comparison

🥇 JustMarkets🥈 AvaTrade🥉 FBS
➡️ Economic CalendarYesYesYes
➡️ VPSYesNoYes
➡️ AutoChartistNoNoNo
➡️ Trading ViewNoYesNo
➡️ Trading CentralYesYesYes
➡️ Market AnalysisYesYesYes
➡️ News FeedYesYesYes
➡️ BlogYesYesYes

 

👉 JustMarkets offers Botswana Traders the following Research and Trading Tools:

➡️ Market Overview

➡️ Daily Forecasts

➡️ Market News

 

👉 In addition, JustMarkets also offers the following tools:

➡️ MAM Accounts

➡️ Social/Copy Trading

➡️ VPS

➡️ Economic Calendar

 

MAM

👉 MAM is a solution for JustMarkets money managers who wish to trade on behalf of investors and for investors who wish to authorize money managers to trade on their behalf. JustMarkets provides Multi Account Manager (MAM) software, which enables money managers to concurrently manage and trade several accounts.

 

Social Trading

👉 JustMarkets offers social trading using its MT4 trading platform. Social trading allows traders to duplicate the trades of other experienced traders onto their trading accounts to replicate their tactics. The signal providers are the specialists, who are assessed based on their performance records.

 

VPS

👉 A VPS is a powerful virtual computer that can be utilized to run your trading platforms around-the-clock, seven days a week. Traders that expect a constant connection to trade servers frequently require this.

👉 VPS is frequently required by EA users, social trading investors, and traders who utilize other advanced trading systems. They are typically considered as easily available, dependable, and extremely rapid. In addition, various vendors are offering VPS subscriptions through the MetaTrader platforms.

 

Economic Calendar

👉 This application displays hundreds of upcoming economic events from more than 50 different nations. The significance of these events is graded as low, medium, or high. The analyst consensus is shown as a percentage, as is the prior impact %.

👉 When you click on an event, it will provide a thorough analysis and chart. A benefit of the economic calendar offered by JustMarkets is that it can be tailored to the traders’ preferred events.

JustMarkets Bonuses and Promotions

JustMarkets Review Bonuses

 

👉 JustMarkets offers Botswana Traders the following bonuses and promotions:

➡️ Welcome Bonus or No-Deposit Bonus

➡️ 120% Deposit Bonus up to $40,000

➡️ Referral bonus and program

➡️ 0% Fees on deposits and withdrawals

How to open an Affiliate Account with JustMarkets

JustMarkets Review Affiliate Program

 

👉 To register an Affiliate Account, Botswana Traders can follow these steps:

 

➡️ Go to the JustMarkets official website and hover over the “Partnerships” option at the top of the page.

 

➡️ Choose “Affiliates” from the drop-down menu.

 

➡️ Prospective affiliates can evaluate the information offered by JustMarkets and select their desired affiliate program from “Revenue Share” or “CPA” by clicking “Become a partner” beneath the applicable choice.

 

➡️ Botswanans may register an affiliate account by filling out a simple registration form that includes their country of residence, email address, and password that they choose. Finally, before clicking “Become a partner,” Botswanans must certify that they are not a US resident and that they agree with the Client Agreement and the Introducing Broker Agreement. Current JustMarkets clients can utilize the “Log In” option throughout this phase to log in to their existing account, from which they can apply as an affiliate.

 

➡️ After registering, affiliates will receive notification that their IB Account has been created.

 

➡️ The new affiliate may access their advertising materials as well as all other elements of their affiliate program from this page.

 

JustMarkets Affiliate Program Features

JustMarkets Revenue Share

 

👉 JustMarkets’s affiliate program allows partners to earn an unlimited commission, establish their own network, and select a personalized scheme that will provide the partner with more from their traffic.

 

👉 JustMarkets Affiliate Programs were designed by partners for partners, according to each affiliate’s specific requirements and aspirations. JustMarkets provides the following revenue share options:

➡️ Profits up to 65% according to the trading activity of referrals

➡️ Quick and easy withdrawals

➡️ Access to comprehensive loyalty programs

➡️ Access to a Personal Affiliate Manager

➡️ Automatic rebates

➡️ Extended revenue share

 

👉 Where CPA is concerned, affiliates can expect the following from JustMarkets:

➡️ Payments of up to $1,500 according to the trading activity of referrals

➡️ Access to a dedicated affiliate manager

➡️ High conversion rates and transparency in report statistics

➡️ Access to a wide range of promotional and marketing tools

➡️ Instant, frequent payments

JustMarkets Customer Support

👉 As part of JustMarkets’s comprehensive offering, the broker also offers dedicated and helpful customer support.

Customer SupportJustMarkets’s Customer Support
⏰ Operating Hours24/5 for all languages except English, which is offered 24/7
🗣 Support LanguagesEnglish, Malaysian, Russian, Chinese, Indonesian
🗯 Live ChatYes
📧 Email AddressYes
☎️ Telephonic SupportYes
📞 Local Support in Botswana?No
🥇 Overall quality of JustMarkets Support3.5/5

JustMarkets Corporate Social Responsibility

👉 There is currently no information regarding JustMarkets’s Corporate Social Responsibility initiatives or projects.

Our Verdict on JustMarkets

👉 JustMarkets has eye-catching data on its website and provides a trading environment and educational opportunities that are satisfactory. It continues to be ahead of many of its competitors in this area because of the work put in to give honest research along with hundreds of trade suggestions each day.

 

👉 The emphasis will continue to be placed on developing markets, which have traditionally had more modest portfolios than developed economies. In addition, JustMarkets tries to stay ahead of the competition by offering substantial incentive promotions.

JustMarkets Pros and Cons

✔️ Pros❌ Cons
JustMarkets offers a choice between several account types, each catering to diverse types of Botswanan tradersThere is a limited range of tradable instruments
There is an impressive list of funding and withdrawal optionsThere is an inactivity fee charged on dormant accounts
JustMarkets offers a proprietary trading app that can be used across mobile devicesJustMarkets does not have regulation through Tier-1 or Tier-2 market regulators
Both MetaTrader 4 and MetaTrader 5 are offered to Botswanan traders
There are both demo and Islamic accounts offered across live trading accounts
JustMarkets supports the use of one-click trading
There is a comprehensive real-time market analysis offered in addition to several other tools
There is an Islamic account option offered to Muslim JustMarkets offers beginner traders a range of educational materials

FAQ

Is JustMarkets regulated?

Yes, JustMarkets is regulated and registered in Seychelles through Just Global Markets Ltd under license number SD088.

 

How do you get the $30 bonus from JustMarkets?

When you establish a Welcome Account, you will receive a $30 incentive. Next, you must give your phone number to open the account and within 30 days, you must trade at least 5 lots. In addition, the transactions that you carry out must have profit or loss must be at least 6 pips (60 points).

 

What is the withdrawal time with JustMarkets?

The withdrawal time with JustMarkets ranges from instant withdrawals up to 10 working days when traders use debit/credit cards.

 

How do I deposit money on JustMarkets?

You can log into your Back Office, follow the page to select “Deposit,” and complete the required information to verify and complete the deposit prompt.

 

What is JustMarkets’s minimum deposit?

JustMarkets’s minimum deposit is 12 BWP or an equivalent to 1 USD.

 

Is JustMarkets safe or a scam?

No, JustMarkets is not a scam. However, because JustMarkets only has Tier-3 regulation the broker has an exceptionally low trust level of 49 out of 100.

 

Does JustMarkets have Nasdaq?

Yes, JustMarkets offers Botswanan traders access to Nasdaq along with other indices such as AU200, JP225, US30, and more.

 

Is JustMarkets an ECN broker?

Yes, JustMarkets is an STP and ECN broker that sends the orders of clients to liquidity providers.

 

Does JustMarkets have Volatility 75?

No, JustMarkets does not currently offer VIX as a tradable financial instrument.

Conclusion

👉 Now it is your turn to participate:

➡️ Do you have any prior experience with JustMarkets?

➡️ What was the determining factor in your decision to engage with JustMarkets?

➡️ Was it because of the minimum deposit, regulation, retail trading accounts, or any other factors?

➡️ Have you experienced any issues with JustMarkets such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?

 

👉 Regardless, please share your thoughts in the comments below.

Addendum/Disclosure:

👉 No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.

10/10 - (1 vote)

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