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JustMarkets Fees and Spreads
Overall, JustMarkets Fees and Spreads start from the average spread of 0.2 pips EUR/USD, with fees, and commission dependent on the trading account the trader is using. JustMarkets chargers deposit fees of $10 USD, which is equivalent to 137 BWP, at the time of writing.
- Louis Schoeman
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Fees and Spreads Overview
Additional Trading Fees
Broker Fees
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 Fees and Spreads Overview
The spread list for Botswana traders starts from 0.0 pips EUR/USD.
If Botswana traders choose JustMarkets to carry out their transactions, the spreads they can anticipate paying will vary according to their account type, the market conditions on the day of trading, and the financial instrument with which they are dealing. The following are examples of typical spreads:
➡️ MetaTrader 4 Standard Cent Account – 0.3 pips
➡️ MetaTrader 4 Standard Account – 0.3 pips
➡️ MetaTrader 4 Pro Account – 0.1 pips
➡️ MetaTrader 4 Raw Spread Account – 0.0 pips
➡️ MetaTrader 5 Standard Account – 0.3 pips
➡️ MetaTrader 5 Pro Account – 0.1 pips
➡️ MetaTrader 5 Raw Spread Account – 0.0 pips
In addition to the spread list, there may be commissions charged, especially on zero-spread accounts. This ensures that JustMarkets is paid for facilitating the transaction. The commissions that Botswana traders can expect with JustMarkets are as follows:
➡️ MetaTrader 4 Raw Spread Account – 3 units of the base currency per lot and 6 units per round turn.
➡️ MetaTrader 5 Raw Spread Account – 3 units of the base currency per lot and 6 units per round turn.
JustMarkets Additional Trading Fees
Overnight and swap fees are charges or interest that are either credited or debited when Botswana traders keep their positions open for longer than a trading day. JustMarkets offers a comprehensive and transparent fee schedule and overnight fees are charged according to the following:
➡️ The position size
➡️ The position of the trader – whether long or short
➡️ The financial instrument that is being traded
Typical overnight fees charged on EUR/USD are -4.44 long swap and -0.09 short swap. Muslim traders can register an Islamic account with JustMarkets and avoid interest payments that are forbidden by Sharia law. Because JustMarkets is not a spread betting broker, spread betting fees will not apply.
Are there any additional trading fees that I should be aware of when using JustMarkets, such as overnight financing charges or swap fees?
Yes, JustMarkets, like many brokers, may charge additional trading fees, which can include overnight financing charges or swap fees. These fees are typically incurred when holding positions overnight and can vary depending on the currency pair and the direction of the trade (long or short).
Do JustMarkets’ additional trading fees vary across different account types or trading platforms, and how can I calculate and monitor these fees as I trade?
The additional trading fees imposed by JustMarkets, such as overnight financing charges, may vary depending on the account type and trading platform chosen by the trader.
JustMarkets Broker Fees
Deposit fees are only charged when traders use cryptocurrencies to fund their accounts, and this is charged at 1% of the transaction value. Withdrawal fees are not charged by JustMarkets, but Botswana traders may be subject to payment processing fees charged by their bank or payment provider.
Other broker fees may include inactivity fees if the trading account becomes dormant after a certain period. These fees are typically deducted from the trading account balance until the balance reaches zero, after which the account will automatically be closed.
What are the broker fees that JustMarkets typically charges, and are there different fee structures for various account types?
JustMarkets typically charges broker fees in the form of spreads, commissions, and overnight financing charges. These fees can vary depending on the trading account type and the specific trading instrument.
Does JustMarkets offer any fee discounts or incentives, such as reduced spreads or commission rebates, to active or high-volume traders?
JustMarkets may offer fee discounts or incentives to active or high-volume traders as part of their loyalty or rewards programs. These incentives could include reduced spreads, commission rebates, or other promotional offers.
JustMarkets Botswana Pros and Cons
| ✔️ Pros | ❌ Cons |
| JustMarkets charges low commissions on its zero-spread accounts | Deposit fees are applied to crypto payment methods |
| Withdrawal fees are not charged | JustMarkets is not regulated by reputable entities such as ASIC, FCA, or others |
| JustMarkets offers free deposits on non-crypto payment methods | Botswanans can expect currency conversion fees on BWP deposits and withdrawals |
| JustMarkets is transparent about its broker fees |
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
JustMarkets is an international broker that provides comprehensive trading services, social trading platforms, and MAM accounts that are ideal for individuals who seek to give trading signals and investors who wish to mimic the signals without trading themselves.
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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 JustMarkets?
JustMarkets’ minimum deposit ranges from 10 USD / 137 BWP
What typical spreads can I expect from JustMarkets?
The typical spread that JustMarkets charges ranges from 0.0 to 0.9 pips.
How much will deposits with JustMarkets cost?
Non-crypto deposits are free, but crypto deposits are charged a 2% fee.
Does JustMarkets charge commissions?
Yes, commissions apply to ECN accounts and range from 3 to 6 USD.
Does JustMarkets have holding fees on the Islamic Account?
JustMarkets does not apply any holding fees on the Islamic Account.
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.
