JustMarkets Account Types
Overall, JustMarkets Accounts Types provides 4 MetaTrader 4 accounts with different account types, as well as 3 MetaTrader 5 account types. JustMarkets offers an Affiliate Program to Botswana Traders as well as a low minimum deposit of USD 10 / 137 Botswanan Pula.
- Louis Schoeman
Jump to:
Account Types Overview
Account Types
Account Features
Pros and Cons
Final Verdict
FAQ
Overall Rating
- 4.4/5
Min Deposit
USD 10
Regulators
FSA, CySec
Trading Desk
Metatrader 4
Crypto
Yes
Total Pairs
240
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
JustMarkets at a Glance
| 🏛 Headquartered | Cyprus |
| 🌎 Global Offices | Cyprus, 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 Botswana | 115.89 BWP Million in 2021 |
| 💰 Foreign Exchange Reserves in Botswana | 5270 USD Million in 2021 |
| ✔️ Local office in Gaborone? | No |
| 👨⚖️ Governor of SEC in Botswana | None, Moses Dinekere Pelaelo is the Governor of the Bank of Botswana |
| ✔️ Accepts Botswana Traders? | Yes |
| 📊 Year Founded | 2012 |
| 📞 Botswana Office Contact Number | None |
| 📱 Social Media Platforms | • Facebook |
| ⚖️ Regulation | Seychelles Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySec) |
| 1️⃣ Tier-1 Licenses | None |
| 2️⃣ Tier-2 Licenses | None |
| 3️⃣ Tier-3 Licenses | • Financial Services Authority (FSA) |
| 🪪 License Number | SD088 |
| ⚖️ MFED, BoB, or NBFIRA Regulation | No |
| ✔️ Regional Restrictions | The United States, Japan, United Kingdom, EU, EEA, Belgium, and Spain |
| ☪️ Islamic Account | Yes |
| 💻 Demo Account | Yes |
| 🛍 Retail Investor Accounts | 7 |
| ✔️ PAMM Accounts | MAM Accounts |
| 💻 Liquidity Providers | 18 |
| ✔️ Affiliate Program | Yes |
| 📱 Order Execution | Market |
| 📊 Starting spread | From 0.0 pips |
| 📉 Minimum Commission per Trade | $3 per lot, per side |
| 💰 Decimal Pricing | 5th decimal pricing after the comma |
| 📞 Margin Call | 40% |
| 🛑 Stop-Out | 20% |
| 📉 Minimum Trade Size | 0.01 lots |
| 📈 Maximum Trade Size | 100 lots |
| ✅ Crypto trading offered? | Yes |
| ✔️ Offers a BWP Account? | No |
| 📉 Dedicated Botswana Account Manager? | No |
| 📈 Maximum Leverage | 1:3000 |
| 📊 Leverage Restrictions for Botswana? | No |
| 💳 Minimum Deposit (BWP) | 137 Botswanan Pula equivalent to $10 |
| ✔️ Botswana Pula Deposits Allowed? | Yes |
| 📊 Active Botswana Trader Stats | 250,000+ |
| 👥 Active Botswana-based JustMarkets customers | Unknown |
| 🔁 Botswana Daily Forex Turnover | Unknown, 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 Time | Instant |
| ⏰ Maximum Estimated Withdrawal Time | 10 bank days |
| 💳 Instant Deposits and Instant Withdrawals? | Yes |
| 🏛 Segregated Accounts with Botswana Banks? | No |
| 📱 Trading Platforms | MT4, MT5, MT4/5 WebTrader, mobile (iOS & Android) |
| 💻 Tradable Assets | • Indices • Energies • Forex • Metals • Cryptocurrencies • Shares • Futures |
| ✔️ Offers USD/BWP currency pair? | No |
| 💰 Deposit Fee | None |
| 📊 USD/BWP Average Spread | N/A |
| ✅ Offers Botswana Stocks and CFDs | No |
| 💻 Languages supported on the Website | English, Spanish, Portuguese, French, Russian, Indonesian, Malaysian, Chinese (Simplified and Traditional), Lao, Vietnamese, Thai, Turkish, and more. |
| ☎️ Customer Support Languages | Multilingual |
| 👥 Copy Trading Support | Yes |
| ⏰ Customer Service Hours | 24/5 |
| 📞 Botswana-based customer support? | No |
| 💵 Holding company | Just Global Markets Ltd. |
| 💸 Bonuses and Promotions for Botswanans? | Yes |
| 📚 Education for Botswanan beginner traders | Yes |
| 📱 Proprietary trading software | No |
| 🤝 Most Successful Trader in Botswana | Unknown |
| ✔️ Is JustMarkets a safe broker for Botswana Traders? | Yes |
| 🎖 Rating for JustMarkets Botswana | 8/10 |
| 🥇 Trust score for JustMarkets Botswana | 49% |
| 👉 Open Account | 👉 Open Account |
JustMarkets Account Types Overview
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 attracts novice traders who are comfortable with the MT4 or MT5 platforms due to its variety of low-deposit accounts and inexpensive trading charges.
Botswanans should be aware that JustMarkets is considered unregulated since it is only registered with the Financial Services Authority of St. Vincent and the Grenadines.
To facilitate foreign exchange transactions online, JustMarkets provides intuitive MetaTrader platforms for PC, web, and mobile. Major, minor, and exotic currency crosses are all available for trading.
Investors and individuals who like to share their trading strategies may take advantage of managed accounts and social trading. Despite the name, they provide more than only forex trading help. Over 170 tradable products across many asset classes are made accessible to its international customer.
JustMarkets’ liquidity originates from 18 of the world’s largest institutions. Clients may get aggregated prices from these liquidity sources through the streaming trading platforms supplied.
Therefore, the spreads for the ECN Zero accounts begin at 0.0 pips (although they could widen according to the market conditions), and the ECN execution speeds begin at 0.05 seconds.
JustMarkets has clients from around the world, and these areas have the largest distributions:
Malaysia – 37.5%
Togo – 7.7%
Indonesia – 6.2%
Colombia – 4.6%
Bahamas – 3.5%
JustMarkets Account Types
There are seven accounts to choose from at JustMarkets that are split across the MetaTrader 4 and the MetaTrader 5 trading platforms. This gives traders a wide range of options when it comes to selecting the correct account to meet their specific trading requirements and goals.
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
What types of trading accounts does JustMarkets offer, and how do I choose the one that suits my trading needs?
JustMarkets typically offers a range of trading accounts designed to cater to various trading preferences and experience levels. These account types may include standard, premium, and professional accounts, each with its unique features, spreads, and trading conditions.
Are there any account-specific requirements or eligibility criteria for accessing certain account types with JustMarkets?
Yes, JustMarkets may have specific requirements and eligibility criteria for accessing certain account types, especially professional or premium accounts. These criteria often include factors like trading experience, trading volume, and compliance with regulatory requirements.
JustMarkets Account Features
MetaTrader 4 Standard Cent Account
With this account, novices and more experienced traders alike may test their methods in a safe setting before risking their money in a real-world trading environment. The following are the specifics of this account.
| Account Features | Value |
| 💳 Minimum Deposit | 137 Botswanan Pula, equivalent to $10 |
| 📈 Account Base Currency | USC |
| 💰 Maximum leverage up to | 1:3000 |
| 💰 Commission Charges | None |
| 📊 Swap-free option? | Yes |
| 📈 Average spreads from | 0.3 pips |
| 📊 Minimum order size | 0.01 lot |
| 📊 Maximum order size | 100 Lots |
| 📊 Maximum orders | Unlimited |
| 💰 Margin Call | 40% |
| 🛑 Stop-Out | 20% |
| 🔀 Trade Execution Method | Market Execution |
| 💰 Pricing Format | Fifth Decimal Pricing |
| 📑 Contract Size | 1 lot = 100,000 base currency units |
| 💰 Trading Instruments Available | • 65 Forex pairs • 8 Metals • 9 Indices • 5 Cryptocurrency Pairs |
MetaTrader 4 Standard Account
Trading on a Standard Account is a convenient and cost-effective way to get started in the market. Here are the account’s features.
| Account Features | Value |
| 💳 Minimum Deposit | 137 Botswanan Pula, equivalent to $10 |
| 📈 Account Base Currency | USC |
| 💰 Maximum leverage up to | 1:3000 |
| 💰 Commission Charges | None |
| 📊 Swap-free option? | Yes |
| 📈 Average spreads from | 0.3 pips |
| 📊 Minimum order size | 0.01 lot |
| 📊 Maximum order size | 100 Lots |
| 📊 Maximum orders | Unlimited |
| 💰 Margin Call | 40% |
| 🛑 Stop-Out | 20% |
| 🔀 Trade Execution Method | Market Execution |
| 💰 Pricing Format | Fifth Decimal Pricing |
| 📑 Contract Size | 1 lot = 100,000 base currency units |
| 💰 Trading Instruments Available | • 65 Forex pairs • 8 Metals • 9 Indices • 5 Cryptocurrency Pairs |
MetaTrader 4 Pro Account
For experienced and professional traders who are familiar with the financial markets, this account type is ideal. The razor-thin spreads, huge leverage, commission-free trading, and the option to trade an infinite number of positions of any volume make this account stand out from the crowd. The following are the account’s specifics.
| Account Features | Value |
| 💰 Minimum Deposit | 1380 Botswanan Pula, equivalent to $100 |
| 💸 Account Base Currency | USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR |
| 💰 Maximum leverage up to | 1:3000 |
| 💰 Commission Charges | None |
| 🔀 Swap-free option? | Yes |
| 📈 Average spreads from | 0.1 pips |
| 📊 Minimum order size | 0.01 lot |
| 📊 Maximum order size | 100 Lots |
| 📊 Maximum orders | Unlimited |
| 📈 Margin Call | 40% |
| 🛑 Stop-Out | 20% |
| 📈 Trade Execution Method | Market Execution |
| 💰 Pricing Format | Fifth Decimal Pricing |
| 📑 Contract Size | 1 lot = 100,000 base currency units |
| 📈 Trading Instruments Available | • 65 Forex pairs • 8 Metals • 11 Indices • 2 Energies • 7 Cryptocurrency Pairs • 64 Shares • 21 Futures |
MetaTrader 4 Raw Spread Account
To individuals who employ day trading or intraday trading tactics, frequent inputs, outputs, and short periods, this account provides the greatest potential spread. The following are the characteristics specifically tailored to the needs of scalpers.
| Account Feature | Value |
| 💳 Minimum Deposit | 1380 Botswanan Pula, equivalent to $100 |
| 💰 Account Base Currency | USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR |
| 💳 Maximum leverage up to | 1:3000 |
| 💸 Commission Charges | 3 units of the base currency per lot/per side |
| 🔀 Swap-free option? | Yes |
| 📈 Average spreads from | 0.1 pips |
| 📊 Minimum order size | 0.01 lot |
| 📊 Maximum order size | 100 Lots |
| 📊 Maximum orders | Unlimited |
| 📈 Margin Call | 40% |
| 🛑 Stop-Out | 20% |
| 📈 Trade Execution Method | Market Execution |
| 💰 Pricing Format | Fifth Decimal Pricing |
| 📑 Contract Size | 1 lot = 100,000 base currency units |
| 📊 Trading Instruments Available | • 65 Forex pairs • 8 Metals • 11 Indices • 2 Energies • 7 Cryptocurrency Pairs • 64 Shares • 21 Futures |
MetaTrader 5 Standard Account
JustMarkets’s MetaTrader 5 Standard Account is a popular choice for most traders who seek access to a wide range of financial markets and competitive trading conditions. Traders might anticipate the following features.
| Account Feature | Value |
| 💳 Minimum Deposit | 137 Botswanan Pula, equivalent to $10 |
| 💰 Account Base Currency | USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR |
| Swap-free option? | Yes |
| 📈 Average spreads from | 0.3 pips |
| 📊 Maximum orders | 100 lots |
| 📊 Maximum order size | 100 Lots |
| 📊 Minimum order | Unlimited |
| 📈 Margin Call | 40% |
| 🛑 Stop-Out | 20% |
| 💸 Commission Charges | Yes |
| 🔀 Swap-free option? | 0.3 pips |
| 📈 Trade Execution Method | Market Execution |
| 💰 Pricing Format | Fifth Decimal Pricing |
| 📑 Contract Size | 1 lot = 100,000 base currency units |
| 📊 Trading Instruments Available | • 65 Forex pairs • 8 Metals • 11 Indices • 2 Energies • 7 Cryptocurrency Pairs • 64 Shares • 21 Futures |
MetaTrader 5 Pro Account
Some of the greatest trading conditions and the following specs are available with the MetaTrader 5 Pro Account, which is popular among more experienced traders.
| Account Feature | Value |
| 💳 Minimum Deposit | 1380 Botswanan Pula, equivalent to $100 |
| 💰 Account Base Currency | USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR |
| 🔁 Swap-free option? | Yes |
| 📈 Average spreads from | 0.1 pips |
| 📊 Maximum orders | 100 lots |
| 📊 Maximum order size | 0.01 lot |
| 📈 Margin Call | 40% |
| 🛑 Stop-Out | 20% |
| 💸 Commission Charges | Yes |
| 🔀 Swap-free option? | 0.3 pips |
| 📈 Trade Execution Method | Market Execution |
| 💰 Pricing Format | Fifth Decimal Pricing |
| 📑 Contract Size | 1 lot = 100,000 base currency units |
| 📊 Trading Instruments Available | • 65 Forex pairs • 8 Metals • 11 Indices • 2 Energies • 7 Cryptocurrency Pairs • 64 Shares • 21 Futures |
MetaTrader 5 Raw Spread Account
Scalpers and traders who focus on short time frames and precision will find the Raw Spread Account to be an excellent choice. The following are the account’s specifics.
| Account Feature | Value |
| 💳 Minimum Deposit | 1380 Botswanan Pula, equivalent to $100 |
| 💰 Account Base Currency | USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR |
| 🔁 Swap-free option? | Yes |
| 📈 Average spreads from | 0.1 pips |
| 📊 Maximum orders | 100 lots |
| 📊 Maximum order size | 0.01 lot |
| 📈 Margin Call | 40% |
| 🛑 Stop-Out | 20% |
| 💸 Commission Charges | 3 units of the base currency per lot/per side |
| 📈 Trade Execution Method | Market Execution |
| 💰 Pricing Format | Fifth Decimal Pricing |
| 📑 Contract Size | 1 lot = 100,000 base currency units |
| 📊 Trading Instruments Available | • 65 Forex pairs • 8 Metals • 11 Indices • 2 Energies • 7 Cryptocurrency Pairs • 64 Shares • 21 Futures |
JustMarkets Demo Account
A demo account is a great tool for novice traders who wish to practice their trading before moving on to a real-world trading environment.
Even experienced traders utilize the demo account to test their trading techniques before putting their money at risk in the real market. However, like a real account, a demo account has the same rules and features, except that traders use virtual money to trade and cannot benefit from other traders.
Subsequently, a practice or demo account is a critical learning tool since it replicates real-world trading situations in real-time.
JustMarkets Islamic Account
The purpose of an Islamic Account is that it caters specifically for Muslim traders who follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.
Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.
Swap-free or Islamic account options are available to Botswana traders who adhere to the Islamic faith at JustMarkets. JustMarkets allows Botswana Muslim traders to convert any of their live trading accounts. Once their live retail trading account has been verified and funded with the required amount, traders may contact the support staff to request a conversion.
What are some of the key features and benefits of trading accounts with JustMarkets, and how do they differ across account types?
JustMarkets typically offers a range of account features that can vary depending on the chosen account type. These features may include access to various trading instruments, different levels of leverage, competitive spreads, dedicated account managers, and research tools.
Do JustMarkets’ trading accounts offer any risk management tools or features to help traders protect their investments?
Yes, JustMarkets often provides risk management tools and features to help traders protect their investments. These tools may include stop-loss orders, take-profit orders, margin alerts, and negative balance protection.
JustMarkets Botswana Pros and Cons
| ✔️ Pros | ❌ Cons |
| JustMarkets offers a demo account across retail accounts | JustMarkets lacks reputable regulations from entities such as CySEC, FCA, ASIC, and others |
| Muslim traders can convert four live trading accounts into a Swap-Free option | An inactivity charge is applied to dormant accounts |
| There are no holding fees or additional admin fees charged on the Islamic Account | There are only a few asset classes and financial instruments offered (170) |
| JustMarkets offer both MT4 and MT5 to Botswanans | |
| Botswanans can expect comprehensive analysis and a few other advanced trading tools | |
| Beginners can expect a few educational materials when they deal with JustMarkets | |
| Botswanans can expect the best trading conditions, especially for hedging, scalping, EAs, and other fast-paced strategies |
JustMarkets Final Verdict
Overall, JustMarkets provides six different account types – Standard Cent, Standard, Pro, Raw Spread, Islamic, and Demo.
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Conclusion
Now it is your turn to participate:
Do you have any prior experience with the broker?
What was the determining factor in your decision to engage with the broker?
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.
Frequently Asked Questions
What is the minimum deposit for a JustMarkets account?
The minimum deposit on a Standard Cent and Standard Account is 137 BWP / 10 USD
Can I register a BWP account with JustMarkets?
You can choose USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, and ZAR as the account base currency.
What average spreads can I expect on the JustMarkets Islamic Account?
The average spreads you can expect from JustMarkets range from 0.0 to 0.9 pips EUR/USD according to the account type and typical market conditions.
How long does it take to approve my JustMarkets live account?
It can take 24 hours for JustMarkets to approve your live account application.
For how long can I use the JustMarkets demo account?
You can use the JustMarkets demo account for an unlimited time.
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.
