JustForex vs JustMarkets

Forex brokers are companies that provide traders with access to the foreign exchange market, allowing them to buy and sell currencies. These brokers earn revenue by charging traders a commission or spread on each transaction. Choosing a reliable and reputable forex broker is essential for successful trading. In this article, you can get both  JustForex review and JustMarkets review.

Overview of JustForex and JustMarkets

JustForex and JustMarkets are two popular forex brokers that offer trading services to clients worldwide. JustForex was founded in 2012 and is headquartered in Belize. JustMarkets, on the other hand, was founded in 2021 and is headquartered in Seychelles. Both brokers offer a range of trading instruments, including currencies, commodities, indices, and cryptocurrencies.

Company Background

Trading Platforms

Both JustForex and JustMarkets offer their clients a choice of trading platforms, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. JustForex also offers its proprietary WebTrader platform, which can be accessed directly from the broker's website without the need for any downloads. JustMarkets, on the other hand, offers the cTrader platform in addition to MT4 and MT5. All three platforms offer advanced charting tools, a range of technical indicators, and customizable trading interfaces.

Comparison of Features and Functionalities

JustMarkets offers the cTrader platform, which is known for its advanced order types and ECN execution. JustForex, on the other hand, offers its proprietary WebTrader platform, which is user-friendly and accessible from any device with an internet connection.

Ease of Use and Accessibility

Both brokers' platforms are user-friendly and accessible to traders of all skill levels. JustForex's WebTrader platform is particularly easy to use, as it can be accessed from any web browser without the need for any downloads or installations. JustMarkets' cTrader platform, on the other hand, offers more advanced features and requires a bit more experience to navigate effectively.

Trading Accounts and Fees

Types of Trading Accounts Available

Both brokers offer a range of trading account types to suit traders of all levels. JustForex offers a standard and a pro account, while JustMarkets offers a mini, standard, and pro account. Each account type comes with different trading conditions, such as spreads and commissions, as well as different minimum deposit requirements.

Account Minimums and Deposit Requirements

JustForex's standard account has no minimum deposit requirement, while the pro account requires a minimum deposit of $500. JustMarkets' mini account has a minimum deposit requirement of $100, while the standard and pro accounts require minimum deposits of $500 and $5,000, respectively.

Comparison of Trading Fees and Commissions

JustForex's pro account charges a commission of $4 per lot traded, while JustMarkets' pro account charges a slightly lower commission of $3.5 per lot traded. Both brokers' spreads are variable and depend on market conditions.

Trading Instruments

Both JustForex and JustMarkets offer a range of trading instruments, including forex pairs, stocks, cryptocurrencies, and other assets.

Comparison of Forex Pairs, Stocks, Cryptocurrencies, and Other Assets

JustForex offers a wider range of forex pairs, stocks, and cryptocurrencies compared to JustMarkets. However, both brokers offer a range of other assets, such as metals, energies, indices, and commodities.

Availability of Leverage and Margin Trading

Both JustForex and JustMarkets offer leverage and margin trading on their trading platforms. JustForex offers a maximum leverage of up to 1:3000, while JustMarkets offers a maximum leverage of up to 1:1000. Margin requirements and maximum leverage vary depending on the trading instrument and account type.

Customer Support and Education

Availability and Quality of Customer Support

Both JustForex and JustMarkets offer 24/7 customer support through live chat, email, and phone. JustForex also offers support through Telegram and WhatsApp. Both brokers' customer support teams are known for their prompt and helpful responses, although JustForex has received some criticism for slow response times during high traffic periods.

Educational Resources Provided by the Brokers

Both JustForex and JustMarkets offer a range of educational resources to help traders improve their skills and knowledge. These resources include articles, tutorials, videos, and webinars on topics such as trading strategies, technical analysis, and risk management.

Comparison of Training Materials and Webinars

JustForex offers a more extensive range of educational resources compared to JustMarkets, with a dedicated education section on its website that includes a range of articles, videos, and webinars. JustMarkets also offers educational resources, but they are not as comprehensive as JustForex's. Both brokers regularly host webinars on various topics, which are available to registered users.

Security and Reliability

Both JustForex and JustMarkets take security seriously and have implemented a range of measures to protect their clients' funds and personal information. These measures include SSL encryption, two-factor authentication, and segregated client accounts.

Evaluation of Reliability and Uptime

Both JustForex and JustMarkets have a reputation for reliability and uptime. Their trading platforms are stable and rarely experience downtime or technical issues. Both brokers use high-speed servers and advanced trading technologies to ensure fast and reliable order execution.

Comparison of Measures Taken to Protect Client Funds

Both JustForex and JustMarkets take measures to protect their clients' funds. JustForex keeps client funds in segregated accounts and provides negative balance protection. JustMarkets also keeps client funds in segregated accounts and has an insurance policy to protect against unexpected events. However, JustMarkets does not provide negative balance protection.

Conclusion

Overall, JustForex and JustMarkets are reputable forex brokers that offer a range of trading instruments, competitive fees, and reliable trading platforms. JustForex has a wider range of forex pairs, stocks, and cryptocurrencies, and offers more extensive educational resources. JustMarkets, on the other hand, has a lower minimum deposit requirement and offers an insurance policy to protect against unexpected events.

Final Evaluation of JustForex and JustMarkets

Both JustForex and JustMarkets have their strengths and weaknesses. JustForex is a better choice for traders looking for a wider range of trading instruments and extensive educational resources, while JustMarkets is a better choice for traders looking for a lower minimum deposit requirement and an insurance policy to protect their funds. Overall, both brokers are reliable and offer competitive services.