JustMarkets Account Types

JustMarkets Account Types provides six different account types – Standard Cent, Standard, Pro, Raw Spread, Islamic, and Demo. JustMarkets accounts can be opened with a minimum deposit amount ranging from $1 USD / R16 ZAR to $100 USD / R1600 ZAR, depending on account choice.

Overall Rating

• 4.4/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 10

Regulators

FSA, CySEC, FSCA, FSC

Trading Platform

MT4, MT5, MT4/5 WebTrader, mobile (iOS & Android)

Crypto

No

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

JustMarkets Account Types – 7 Key Point Quick Overview

1. ☑️JustMarkets at a Glance
2. ☑️Overview
3. ☑️JustMarkets Account Types
4. ☑️How to Open a JustMarkets Account
5. ☑️Customer Reviews
6. ☑️Pros and Cons
7. ☑️Frequently Asked Questions

JustMarkets at Glance

Overview

JustMarkets (previously known as JustForex) is a multi-asset broker established in 2012, and we cannot endorse it. One of our main concerns about the broker is that its governing body has poor supervision of other brokerages of similar kinds.

Besides, we have received several reports from traders who have been unable to withdraw their funds, so we advise them to tread cautiously. The seven live accounts offered by JustMarkets on its MT4/MT5 trading platforms require only 10 USD as a minimum deposit, and the spreads begin as low as 1.0 pip in the Cent Account, which is most suitable for beginners (EUR/USD).

In addition, trading expenses are reduced further by switching to Pro accounts and Raw Spread accounts. The Pro Accounts start at 0.6 pips for all currency pairs, while the minimum spreads start from 0 pips (EURUSD). However, a commission of 6 dollars per round turn is required when a Raw account is involved. Finally, both Pro and Raw accounts must have an initial deposit of at least US$100 each time they are opened.

Furthermore, the broker distinguishes itself with a great no-deposit bonus that attracts both beginner and experienced traders.

Beginners should know that the broker also offers extreme leverage of up to 3000:1, which can quickly wipe out many beginner accounts.

JustMarkets Account Types

MetaTrader 4 Standard Cent Account

This account is excellent for South African novices. It allows trading in micro-lots and uses pennies as the foundation currency, lowering risk dramatically.

The MT4 Standard Cent account is ideal for new forex traders because it allows them to play with lower sums and study market dynamics without taking on significant risk.

MetaTrader 4 Standard Account

The MT4 Standard account is appropriate for all levels of traders, from novice to experienced. It has cheap spreads and no commissions and supports a wide range of trading products. This account type is ideal for South African traders who want to blend low-cost trading with access to higher trade volumes.

MetaTrader 4 Pro Account

The MT4 Pro account is designed for experienced traders, offering tighter spreads and a commission per trade.

This account is intended for South African high-volume traders who want more competitive pricing and faster execution speeds. It is suited for scalping and high-frequency trading tactics.

MetaTrader 4 Raw Spread Account

The MT4 Raw Spread account is ideal for professional traders who demand the tightest spreads and are willing to pay a commission for every trade. This account type is especially advantageous for South African day traders and scalpers who rely on modest price swings and speedy execution.

MetaTrader 5 Standard Account

The MT5 Standard account, like the MT4 Standard, provides a varied trading experience on the more powerful MetaTrader 5 platform. This account is appropriate for South African traders searching for a greater range of trading instruments who value the advanced capabilities of MT5.

MetaTrader 5 Pro Account

Like its MT4 predecessor, the MT5 Pro account is designed for experienced traders. It has lower spreads and a commission-based structure. It is perfect for expert South African traders who prefer MT5’s advanced features, such as more in-depth market analysis tools and algorithmic trading.

MetaTrader 5 Raw Spread Account

This account has the lowest spreads available on the MT5 platform and is ideal for experienced traders requiring the best trading conditions.

The MT5 Raw Spread account is ideal for high-volume, experienced South African traders who use sophisticated trading methods and want the fastest execution speeds.

Demo Account

A demo account is a virtual trading environment designed specifically for South African traders, allowing them to trade with simulated funds. This feature allows traders to actively participate in live market activity without risking their money.

While trading in financial markets is inherently risky, JustMarkets provides a secure environment where South African users can polish their abilities and experiment with various trading techniques without financial risk.

JustMarkets provides this invaluable opportunity to both rookie and seasoned traders in South Africa, simulating real-market conditions. South African traders are given 5 million USD in virtual funds to familiarise themselves with the MetaTrader platforms.

During this time, traders can choose whatever demo account they like without financial obligations.

Islamic Account

Opening an Islamic account with JustMarkets is easy for South African traders who want to align their trading activity with their religious convictions.

One key benefit of a swap-free Islamic account is the flexibility it provides traders. It eliminates the need to constantly check currency discount rates, streamlining the trading process and allowing traders to concentrate on their strategies rather than financial complexities.

Converting your existing Standard Cent, Standard, Pro, or Raw Spread account to a swap-free account is simple.

South African traders can start the move by contacting our dedicated support staff. If you complete the minimum conditions and seek skilled guidance, your accounts can smoothly transfer into the swap-free category.

Furthermore, a JustMarkets swap-free account streamlines trading and considers the commission for moving positions in advance when calculating probable trading outcomes. This proactive strategy ensures that your trading operations are transparent and clear.

JustMarkets Column Chart for Account Types

How to Open a JustMarkets Account

To open an account with JustMarkets, South Africans can follow these steps:

Step 1: Register

Locate the registration section by visiting the JustMarkets website.

Step 2: Register and open an account

The registration process is fast and secure. The Pro account is automatically opened, but you can open other accounts anytime.

Complete the registration form by providing personal information, including your name, email address, and phone number.

Step 3: Fund an account

JustMarkets offers a variety of payment methods, making the depositing process quick and simple.

JustMarkets will send you an email containing a verification link; select that link to validate your email address.

Include additional personal information and submit supporting documentation to verify your identity and place of residence.

Once verification is complete, select your preferred trading platform (MT4 or MT5) and the type of trading account (e.g., Cent, Standard, Pro, Raw Spread).

Next, funds can be deposited using one of the payment methods accessible to South African traders.

Step 4: Download a platform

You can choose between MT4 and MT5 trading platforms. You can also go web, desktop, or mobile—it’s up to you.

How to Close a JustMarkets Account

To close a live trading account with JustMarkets, South African traders can follow these steps:

• Close all open positions associated with your account.
• Transfer or withdraw any outstanding funds from your account.
• Contact JustMarkets customer support via email, live chat, or phone to request an account closure.
• Provide the customer support team with your account number and any additional information that may be requested.
• Comply with any additional requirements or procedures specified by JustMarkets’ customer service.

Await written notification from JustMarkets concerning the account closure.

Overall Rating

• 4.4/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 10

Regulators

FSA, CySEC, FSCA, FSC

Trading Platform

MT4, MT5, MT4/5 WebTrader, mobile (iOS & Android)

Crypto

No

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

Customer Reviews

🥇 Fantastic.

I only have one word to characterize my commitment to working with you for the rest of my life: fantastic! Your services are remarkable, and the integrity of your organization places it at the forefront of the financial sector. – Zara Moller

🥈 Excellent Support.

Iris was exceptionally helpful throughout my recent query. Not only did she respond quickly to my issues, but her advice was thorough and compassionate. She was professional and played a critical part in resolving the situation at hand. Her courteous demeanor significantly sped up the entire procedure. – Thabo van Der Merwe

🥉 Best Broker

This is one of the best brokers. I give it a solid 5-star rating for deposit and withdrawal efficiency. They are also excellent communicators, contacting you promptly and proposing mutually beneficial alternatives in case of an issue. – Benjamin Mkhize

Pros and Cons

Conclusion

JustMarkets Account Types provides six different account types – Standard Cent, Standard, Pro, Raw Spread, Islamic, and Demo. JustMarkets accounts can be opened with a minimum deposit amount ranging from $1 USD / R16 ZAR to $100 USD / R1600 ZAR, depending on account choice.

You might also like: JustMarkets Demo Account – Step-by-Step

You might also like: JustMarkets Fees and Spreads

You might also like: JustMarkets Islamic Account Overview

You might also like: JustMarkets Minimum Deposit

You might also like: JustMarkets Sign up Bonus

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Frequently Asked Questions

Does JustMarkets offer ZAR accounts?

Yes, the broker has added ZAR currency to the Mini, Standard, Pro, VIP, and ECN Zero accounts.

What is the overall rating out of 10 for JustMarkets?

Our review revealed that JustMarkets is a reliable broker with a rating of 8/10.

What instruments can I trade with JustMarkets?

• Forex
• Metals
• Cryptocurrencies
• Indices
• Energies
• Share CFDs
• Futures

Does JustMarkets offer a demo account?

Yes. They offer a demo account on all account types.

For how long is the JustMarkets demo account valid?

The demo account can be used indefinitely, however, if the balance is below $1 / ZAR R16 or the account becomes dormant for more than 90 days, it will be archived.

Does JustMarkets offer the option of an Islamic Account?

Yes. JustMarkets offers the option of an Islamic Account on all live trading accounts offered.

Which live trading accounts does JustMarkets offer?

The Account types are a Standard Cent Account, a Standard Account, a Pro Account, and a Raw Spread Account

What are the available deposit currencies for a live trading account?

JustMarkets offers a wide variety of deposit currencies across multiple payment methods, with each method supporting its own currency.  Traders can expect the following deposit currencies:

USD, EUR, GBP, SGD, JPY, ZAR, AED, BRL, CHF, MXN, NGN, and numerous others.

How do I make a deposit and withdrawal with JustMarkets?

Deposit and Withdrawal methods to be used:

• Mastercard
• Visa
• UnionPay
• Skrill
• Neteller
• Perfect Money
• Sticpay
• Airtm
• Bitcoin
• BitcoinCash
• Ethereum
• Gemini
• USD Coin
• Malaysian local banks
• Indonesian local banks
• Thai local banks
• PromptPay
• Vietnamese local banks
• Philippines local banks
• African local cards / Bank Transfer
• South Africa EFT transfers
• African Mobile Money
• Pay Retailers
• Brazilian real
• Colombian peso
• Boletol
• FasaPay
• DOKU Wallet
• Vietnamese đồng
• Bitwallet