Exness Review
JustMarkets Demo Account
Overall, JustMarkets offers a free Demo Account. The Demo account is suitable for traders who want to test their trading tactics. JustMarkets is a reliable and competitive broker with a Trust Score of 83% out of 100.
- Louis Schoeman
Jump to:
Demo Account Overview
Demo Account Features
How to set up a demo account
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 Demo Account Overview
JustMarkets has gained an impressive international reputation. JustMarkets offers its clients high-quality services and trading conditions. JustMarkets provides unique analytical materials and a large selection of payment methods, financial instruments, tight spreads, no limits on trading strategies, and beneficial partner programs.
How can I access a JustMarkets demo account, and is there a time limit or any restrictions on its usage?
Accessing a JustMarkets demo account is typically straightforward and free of charge. Traders can often sign up for a demo account on the broker’s official website by providing some basic information.
What are the benefits of using a JustMarkets demo account, and how can it help me improve my trading skills?
A JustMarkets demo account serves as a valuable tool for traders to practice and improve their trading skills without risking real money.
JustMarkets Demo Account Features
A demo account is an ideal starting point for those who are new to the game, as it allows them to gain practice and confidence as they learn the ropes. More experienced traders may practice in a risk-free environment with a demo account, which provides access to real-time charting and market conditions.
Experimenting with real-world market circumstances, using charts and quotations, and more is possible with a demo account.
What features and functionalities are available in the JustMarkets demo account, and is it identical to the live trading environment?
The JustMarkets demo account typically replicates the live trading environment as closely as possible. Traders can expect to have access to real-time price data, a variety of trading instruments, and the full range of technical analysis tools and indicators available on the broker’s live trading platform.
Is there a limit to the duration I can use the JustMarkets demo account, and can I switch to a live trading account at any time?
JustMarkets often does not impose a time limit on the use of their demo accounts, allowing traders to practice as long as they wish.
How to set up a Demo Account – Step by Step for Botswanans
To register for, and set up a demo account with JustMarkets, free of charge, traders must visit the website and follow these simple steps:
Step 1: Open New Account
The applicant must make sure they are on the “Demo” page in the “Trading account” section before clicking “Open New Account”
Step 2: Select an Account
Here, the applicant will be able to select their desired account type on the preferred platform page in the “Open New Account” section and click the “Try Demo” button.
Step 3: Set Up
The applicant will now be required to set the account currency, set the leverage, create a password and note the desired account balance. Once this is done, the applicant can click on the create account button.
JustMarkets Botswana Pros and Cons
| ✔️ Pros | ❌ Cons |
| Botswanans can register demo accounts across live accounts | JustMarkets warns that there might be delays in pricing on the demo account |
| MetaTrader 4 and MetaTrader 5 are both available on demo accounts | Pricing on the demo account is not always accurate |
| JustMarkets is an ideal broker for beginners and offers several educational materials | |
| JustMarkets allows all types of trading strategies, including EAs, scalping, hedging, and others |
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 Final Verdict
Overall, JustMarkets does offer a free demo trading account for beginners to start training on in a 100% risk-free environment.
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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
For how long can I use the JustMarkets demo account?
You can use the JustMarkets practice account for an unlimited time.
What platforms can I use on the JustMarkets account?
You can choose between MetaTrader 4, MetaTrader 5, and the JustMarkets mobile app.
What type of broker is JustMarkets?
JustMarkets is an NDD broker that uses STP and ECN execution models.
Can I register more than one demo account with JustMarkets?
Yes, you can have several demo accounts open simultaneously.
Can I use the JustMarkets demo account without completing KYC?
Yes, the demo account does not require that Botswanans verify their identity or residential address, only their email address or mobile number.
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.
