JustMarkets Review
Overall, JustMarkets is a legitimate broker based in St. Vincent and the Grenadines. In 2012, the company was founded on the principles of effectiveness, reliability, and adaptability. JustMarkets is given access to a limited range of financial instruments including CFDs for trading cryptocurrencies, shares, CFDs on shares, forex CFDs, and several other instruments. JustMarkets is currently not regulated by the CBN.
- Louis Schoeman
Jump to:
Regulation and Safety of Funds
Account Types and Features
Account Registration
Range of Markets
Fees
Deposits and Withdrawals
Education and Research
Affiliate Program
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.4/5
Min Deposit
USD 1 / 430 NGN
Regulators
FSA, CySec
Trading Desk
MT4, MT5, MT4/5 WebTrader, mobile (iOS & Android)
Crypto
Yes
Total Pairs
–
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
JustMarkets Review – 16 key points quick overview:
- ✅ JustMarkets Overview
- ✅ JustMarkets At a Glance
- ✅ Regulation and Safety of Funds
- Account Types and Features
- JustMarkets Vs OctaFX Vs Markets.com – Broker Comparison
- Trading Platforms
- Range of Markets
- Broker Comparison for Range of Markets
- Trading and Non-Trading Fees
- Deposits and Withdrawals
- JustMarkets Education and Research
- Bonuses and Promotions
- JustMarkets Affiliate Program
- Verdict on JustMarkets
- JustMarkets Pros and Cons
- Frequently Asked Questions
JustMarkets at a Glance
| 🏛️ Headquartered | Cyprus |
| 🏛️ Nigerian Based Office | No |
| 👍 Accepts Nigerian Traders? | Yes |
| 📅 Year Founded | 2012 |
| 📱Nigerian Office Contact Number | None |
| ⚖️ Regulation | Seychelles Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySec) |
| 🔎 License Number | SD088 |
| ⚖️ CBN Regulation | None |
| ✴️ 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 Account |
| 📊 Liquidity Providers | 18 |
| 💰 Affiliate Program | Yes |
| 📊 Crypto trading offered? | Yes |
| 🚀 Offers a Nigerian Account? | No |
| 💻 Dedicated Nigerian Account Manager? | No |
| 📈 Maximum Leverage | 1:3000 |
| 📈 Leverage Restrictions for Nigeria? | None |
| 💳 Minimum Deposit (₦) | 400 Nigerian Naira equivalent to $1 |
| 💳 Nigerian Naira Deposits Allowed? | Yes |
| 💰 Active Nigerian Trader Stats | 1.3 million |
| 💰 Active Nigerian-based JustMarkets customers | 150,000+ |
| 💻 Nigeria Daily Forex Turnover | $1.25 million+ |
| 💰Deposit and Withdrawal Options | • Debit Card • Credit Card • China UnionPay • Skrill • Neteller • Perfect Money • Sticpay • AirTM • Bitcoin • Bitcoin Cash • Ethereum • Gemini • USD Coin • Local Bank Transfers, • Cards, Mobile Money • Local Wallets |
| 💰 Segregated Accounts with Nigerian Banks? | Yes |
| 💻 Trading Platforms | MT4, MT5, MT4/5 WebTrader, mobile (iOS & Android) |
| 💰 Tradable Assets | • Indices • Energies • Forex • Metals • Cryptocurrencies • Shares • Futures |
| 🌐 Offers USD/NGN currency pair? | No |
| 🌐 USD/NGN Average Spread | N/A |
| 💰Offers Nigerian Stocks and CFDs | No |
| 👨💼Languages supported on Website | English, Spanish, Portuguese, French, Russian, Indonesian, Malaysian, Chinese (Simplified and Traditional), Lao, Vietnamese, Thai, Turkish, and more. |
| 💵 Holding company | Just Global Markets Ltd. |
| 💰 Deposit Fee | None |
| 👥 Customer Support Languages | Multilingual |
| 👥 Customer Service Hours | 24/5 |
| 👥 Nigerian-based customer support? | No |
| 💰 Bonuses and Promotions for Nigerians | Yes |
| 📚 Education for Nigerian Beginners | Yes |
| 💻 Proprietary trading software | Yes |
| 💰 Most Successful Nigerian Trader | Uche Paragon ($20 million net worth) |
| 👉 Open an account | 👉 Open Account |
JustMarkets Overview
According to research in Nigeria, JustMarkets is a legitimate broker based in St. Vincent and the Grenadines. In 2012, the company was founded on the principles of effectiveness, reliability, and adaptability.
Nigerian traders who register an account with JustMarkets are given access to a limited range of financial instruments including CFDs for trading cryptocurrencies, shares, CFDs on shares, forex CFDs, and several other instruments.
JustMarkets does not feature an official office in Lagos, Nigeria and neither does it have regulation and authorization from the Central Bank of Nigeria (CBN). However, its liquidity is provided by 18 of the world’s largest institutions.
Because of the significant number of liquidity providers, prices are compiled and made available to customers through the various trading platforms. All traders have access to the MetaTrader 4 and 5 platforms.
There are a variety of retail investor account types to choose from in addition to various trading tools and market analyses, managed accounts are also accessible.
This JustMarkets review will provide traders with the details that they need to consider whether the broker is suited towards their unique trading objectives and needs.
Distribution of Traders
The distribution of traders who are active on the website of JustMarkets is as follows:
Malaysia – 30.54%
United Kingdom – 11.94%
Indonesia – 8.45%
Nigeria – 4.13%
Kenya – 3.44%
India – 3.36%
South Africa – 3.33%
Popularity Among Traders Who choose JustMarkets
Nigerian traders fall under the most active traders for JustMarkets, especially when considering the distribution of traders. While there are other more prominent brokers active in the field, JustMarkets is part of the Top 20 forex brokers that has a large market share in Nigeria.
JustMarkets Regulation and Safety of Funds
JustMarkets operates through three entities, namely:
GM Group Limited is based in Saint Vincent and the Grenadines under registration number 23993, regulated by the Financial Services Authority (FSA) in the region.
Just Global Markets Ltd. is regulated by the Seychelles Financial Services Authority (FSA) with Dealer’s License number SD088.
GMFT Services Ltd is the payment agent that acts on behalf of GM Group Limited, registered in Limassol Cyprus.
According to the official website of JustMarkets, the broker has a verified regulatory status and is a trustworthy broker that obtains liquidity from 18 of the largest banks in the world, offering traders the best possible pricing. All client funds are kept in segregated accounts, which means that the funds of Nigerian traders and that of JustMarkets are kept separate.
All trading-related activities are overseen by these regulatory entities, and JustMarkets is required to report back on several components to the regulatory authority.
JustMarkets’s website is secured by SSL secure connections that encrypt the information and data of clients between the website and the trading platform. In addition, JustMarkets offers negative balance protection on all retail accounts, preventing the trading account from going into a negative.
JustMarkets’s internal procedures are compliant with PCI DSS Security Standards. JustMarkets also employs multiple servers and a complex scheme of data back-ups that helps to avoid loss of client information.
JustMarkets Account Types and Features
JustMarkets offers seven retail investor accounts that are divided between MetaTrader 4 and MetaTrader 5 as follows.
✅ 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
JustMarkets Live Trading Accounts
✅ MetaTrader 4 Standard Cent Account
The Standard Cent Account is ideal for beginner traders who are just starting and experienced traders who want to test their trading strategies in a low-risk trading environment. The account is denominated in cents and features much smaller position sizes to limit the degree of risk that traders are exposed to.
| 💸 Minimum Deposit in NGN | 400 Nigerian Naira equivalent to $1 |
| 💳 Account Base Currency | USC |
| 💰 Maximum leverage up to | 1:1000 |
| 💳 Commission Charges | None |
| 🆓 Swap-free option? | Yes |
| 💰 Average spreads from | 0.3 pips |
| 💳 Minimum order size | 0.01 cent lot |
| 💰 Maximum order size | 1,000 cent lots |
| 💰 Maximum orders | 100 |
| 💳 Margin Call | 40% |
| 🛑 Stop-Out | 20% |
| 🔀 Trade Execution Method | Market Execution |
| 📊 Pricing Format | Fifth Decimal Pricing |
| 📑 Contract Size | 1 lot = 1,000 base currency units |
| 📈 Trading Instruments Available | • 37 Forex pairs • 4 Metals • 9 Indices • 5 Cryptocurrency Pairs |
✅ MetaTrader 4 Standard Account
The Standard Account is one of the entry-level accounts with basic account features that are used by all types of traders.
| Account Features | Value |
| 💳 Minimum Deposit in NGN | 400 Nigerian Naira equivalent to $1 |
| 📈 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
The Pro Account is suitable for professional traders who need some of the best trading conditions.
| Account Features | Value |
| 💰 Minimum Deposit in NGN | 41,000 Nigerian Naira 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
This account offers tight spreads and is ideal for scalpers, day traders, high-frequency traders, and algorithmic traders.
| Account Feature | Value |
| 💳 Minimum Deposit in NGN | 41,000 Nigerian Naira 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 |
JustMarkets Demo Account
A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital.
There is a certain degree of risk involved when trading financial markets and JustMarkets offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.
Islamic Account
Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.
This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.
JustMarkets offers Muslim traders the chance to convert any of the live trading accounts to that of an Islamic or a Swap-Free Account.
JustMarkets Account Registration
The account-opening and verification process with JustMarkets is extremely simple.
To register for an account with JustMarkets, Nigerian traders can visit the official website and select the option to register. The back-office registration form will load, and traders can provide their name, surname, country of residence, email address, mobile number, and a user-selected password.
Another form will load, and traders can select their account type, account base currency, and leverage level. Once complete, traders will automatically be logged into their client area.
To register, traders must be 18 years or older and to complete the account registration, traders will be subject to the Known Your Client (KYC) process where they must provide proof of their identity and residential address.
From the client area, traders can register for more live accounts, verify their documents, deposit funds, and submit withdrawal requests. Once the documents and application have been reviewed the account will be approved and traders can start trading.
JustMarkets Vs Alpari Vs AvaTrade – Broker Comparison
| JustMarkets | Alpari | AvaTrade | |
| ⚖️ Regulation | FSA | FSC | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, FRSA, CySEC, ISA |
| 📱 Trading Platform | • MetaTrader 5 • MetaTrader 4 • ZuluTrade • JustMarkets App | • MetaTrader 5 • MetaTrader 4 | • AvaTradeGO • AvaOptions • AvaSocial • MetaTrader 4 • MetaTrader 5 • DupliTrade • ZuluTrade |
| 💰 Withdrawal Fee | None | Yes | No |
| 📲 Demo Account | Yes | Yes | Yes |
| 💵 Min Deposit | 400 NGN ($1) | 1,000 NGN | 41,500 NGN |
| 💡 Leverage | Up to 1:3000 | Up to 1:1000 | 1:400 |
| 💸 Spread | From 0.0 pips | From 0.4 pips | Fixed, from 0.9 pips |
| 💰 Commissions | 3 base currency units per lot/side | $1.5 | None |
| 💵 Margin Call/Stop-Out | 40% and 20% | 60% and 40% | 25% and 10% |
| 💸 Order Execution | Market | Instant and Market | Instant |
| 📈 No-Deposit Bonus | Yes | No | No |
| 📊 Cent Accounts | Yes | No | No |
| 📉 Account Types | • MetaTrader 4 • Standard Cent Account • MetaTrader 4 Standard Account • MetaTrader 4 Pro Account • MetaTrader 4 Raw Spread Account • MetaTrader 5 Standard Account • MetaTrader 5 Pro Account • MetaTrader 5 Raw Spread Account | • Forex Standard Account (MT4) • Forex Micro Account (MT4) •Forex ECN Account (MT4/5) • Forex Pro Account (MT4) | • Retail Investor Account Professional Account |
| ⚖️ CBN Regulation | No | No | No |
| 💳 NGN Deposits | Yes | Yes | No |
| 💴 Nigerian Naira Account | No | Yes | No |
| 📞 Customer Service Hours | 24/5 | 24/5 | 24/5 |
| 💻 Retail Investor Accounts | 7 | 4 | 1 |
| ☪️ Islamic Account | Yes | Yes | Yes |
Trading Platforms
JustMarkets offers the following trading platforms:
️ MetaTrader 5 (Desktop version, web-based version, iOS, and Android versions)
️ MetaTrader 4
️ ZuluTrade
️ JustMarkets App
MetaTrader 5 is a professional trading platform known for powerful capabilities for trading, analysis, and charting. The MetaTrader 5 trading platform is lightning-fast, adaptable, and compatible with a wide range of trading approaches.
There are millions of traders throughout the globe who use MetaTrader 5 because it was developed in 2010. Some of the most distinctive features of MetaTrader 5 include:
️ Advanced charting across all financial instruments
️ 21 distinct time frames
️ Several order types including pending orders, limit orders, and others
️ 38 technical indicators and 44 graphical objects for chart analysis
️ Algorithmic trading using expert advisors
️ Built-in depth of market and a comprehensive economic calendar
️ Cryptocurrency Analysis
️ Fundamental summaries
️ VPS Hosting Service
️ Depth of market widgets
️ A broader range of charting options, and more.
MetaTrader 4 is the older version that was created by MetaQuotes. Despite MetaTrader 5 being the upgraded version of MetaTrader 4, it has remained the most popular platform. Since there are currently dozens of trading systems created for MetaTrader 4 that cannot work on MetaTrader 5, it is one of the main reasons why MetaTrader 4 has become so popular.
Features of MT4 Include:
️ 9 distinct time frames
️ A wide range of analytical tools, graphical tools
️ Algorithmic trading by using expert advisors, and more.
The MetaTrader 4 platform is also a very advanced platform with a wide range of excellent charting and trading capabilities. Its low learning curve and user-friendly interface have made it popular.
JustMarkets offers traders access to ZuluTrade, an innovative and powerful social trading platform that provides traders with signals from successful traders. ZuluTrade is known for its advanced features and user-friendly solutions.
The JustMarkets mobile application offers all the functions of the official website but in mobile form. The app offers a user-friendly interface from which traders can read analytics, verify their accounts, and manage withdrawals.
JustMarkets Range of Markets
The full range of markets that JustMarkets offers Nigerian traders is as follows:
️ 65 Forex pairs
️ 8 Metals
️ 11 Indices
️ 2 Energies
️ 7 Cryptocurrency Pairs
️ 64 Shares
️ 21 Futures
JustMarkets Broker Comparison for Range of Markets
| JustMarkets | Alpari | AvaTrade | |
| 💻 Forex | Yes | Yes | Yes |
| ⛏ Precious Metals | Yes | Yes | Yes |
| 💸 ETFs | No | No | Yes |
| 💰 CFDs | Yes | Yes | Yes |
| 💸 Indices | Yes | Yes | Yes |
| 💵 Stocks | Yes | Yes | Yes |
| 💻 Cryptocurrency | Yes | No | Yes |
| 💸 Options | No | No | Yes |
| 🔋 Energies | Yes | No | Yes |
| 💳 Bonds | No | No | Yes |
JustMarkets Trading and Non-Trading Fees
Spreads
The minimum spreads that traders can expect from JustMarkets will depend on the type of account they use, the financial instrument being traded, and the overall market conditions on the day that they decide to trade. Even though they are not the lowest in the industry, JustMarkets’s competitive spreads are lower than the industry standard.
The typical minimum spreads according to the account types are as follows:
️ 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
Commissions
JustMarkets charges commissions on the following accounts:
️ MetaTrader 4 Raw Spread Account – 3 units of the base currency per lot/per side
️ MetaTrader 5 Raw Spread Account – 3 units of the base currency per lot/per side
Overnight Fees, Rollovers, or Swaps
Overnight fees are charged when Nigerian traders keep their positions open for longer than 24 hours. These fees are determined differently by every broker but typically they depend on the position size, financial instrument, and whether the trader holds a long or short position.
Typical overnight fees charged on EUR/USD are -4.44 long swap and -0.09 short swap.
Deposit and Withdrawal Fees
Deposit fees are charged on all cryptocurrency deposit options while there are no withdrawal fees charged. Traders may face bank charges when they carry out a bank transfer between their trading account and bank account.
Other Fees
While JustMarkets may apply inactivity fees to dormant accounts, Nigerian traders are not charged for trading account management fees.
Deposits and Withdrawals
JustMarkets offers the following deposit and withdrawal methods:
️ Debit Card
️ Credit Card
️ China UnionPay
️ Skrill
️ Neteller
️ Perfect Money
️ Sticpay
️ AirTM
️ Bitcoin
️ Bitcoin Cash
️ Ethereum
️ Gemini
️ USD Coin
️ Local Bank Transfers, Cards, Mobile Money
️ Local Wallets and worldwide wallets
Of the diverse range of payment options supported, the following are designated specifically for Nigerian traders to deposit in Nigerian Naira:
️ Neteller
️ African Local Bank Transfers
Deposits and Withdrawals
JustMarkets offers the following deposit and withdrawal methods:
️ Debit Card
️ Credit Card
️ China UnionPay
️ Skrill
️ Neteller
️ Perfect Money
️ Sticpay
️ AirTM
️ Bitcoin
️ Bitcoin Cash
️ Ethereum
️ Gemini
️ USD Coin
️ Local Bank Transfers, Cards, Mobile Money
️ Local Wallets and worldwide wallets
Of the diverse range of payment options supported, the following are designated specifically for Nigerian traders to deposit in Nigerian Naira:
️ Neteller
️ African Local Bank Transfers
The process to Withdraw Funds from a JustMarkets Account
Traders can log into their client area from the JustMarkets website and select the option to withdraw funds. From here, traders can select their preferred payment method (which must be the same as the method used to make a deposit into the account), the amount that must be withdrawn, and any other additional details.
Once traders have submitted the withdrawal request, it will be processed by the relevant JustMarkets department and processed. Traders must ensure that the account where funds are sent is in the same name as the trading account that traders registered with JustMarkets.
Overall Rating
- 4.4/5
Min Deposit
USD 1 / 430 NGN
Regulators
FSA, CySec
Trading Desk
MT4, MT5, MT4/5 WebTrader, mobile (iOS & Android)
Crypto
Yes
Total Pairs
–
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
How to Deposit Funds with JustMarkets
To deposit funds into a trading account, Kenyan traders can follow these steps:
➡️ Traders can log into the Back Office
➡️ Traders can select “Deposit” and complete the required fields
➡️ Once complete, traders can review the details of their deposit and click on “Deposit.”
How to Withdraw Funds with JustMarkets
Nigeria traders must first access their JustMarkets Back Office and pick the option to withdraw cash. In this section, traders can choose their chosen mode of payment (which must be matched with the method they used to deposit into the account), the amount of money they want to withdraw, and any other extra information they want to include in their withdrawal request.
Withdrawal requests filed by traders will be handled by the appropriate JustMarkets department. When sending cash to an account, traders must make sure that the account name is identical to their JustMarkets trading account name.
JustMarkets Education and Research
JustMarkets offers the following educational materials that can be used:
️ Quick Start
️ Online Training Webinars
️ Bookings for future webinars
️ Forex Articles
️ Forex Glossary
️ Educational Videos
️ Currencies
The research tools that advanced traders can use include the following:
️ Market Overview
️ Daily Forecasts
️ Market News
️ Economic Calendar
JustMarkets Bonuses and Promotions
JustMarkets offers Nigerian clients the following bonuses and promotions:
️ Welcome Bonus or No-Deposit Bonus
️ 120% Deposit Bonus up to $40,000
️ Referral bonus and program
️ 0% Fees on deposits and withdrawals
How To Minimize Risk While Trading?
1. Use Stop Losses
👉 A stop loss is a trading technique that takes you out of losing trades at a predetermined level in order to limit your losses. Utilize stop losses to ensure a 1:1 risk-reward ratio and above in all your trades in order to limit losses and maximize profits on each trade. For example, if you’re setting your stop loss at 50 pips below your entry point, set your take profit at least 50 pips above your entry point.
👉 A 1:2 risk-reward ratio and above will ensure that you remain profitable even if the majority of your trades are losing trades. Using a 1:2 risk-reward ratio means that you should place your stop loss at 100 pips if you have a profit target of 200 pips and so on.
👉 If you are a more aggressive trader, you can use a 1:3 risk-reward ratio, where you risk 100 pips for a profit target of 300 pips.
2. Use Proper Lot Sizes
👉 Trading using proper lot sizes is crucial to your success as a trader. That’s because the lot size determines the value of each point of the currency pair you are trading. A standard lot typically refers to 100,000 units of the base currency you are trading. Therefore, trading a standard lot of the EURUSD currency pair puts the value of each point at USD 100.
👉 The lot sizes you trade should be proportionate to the amount you are willing to risk on each trade, which is directly related to the size of your account and your risk appetite.
3. Control Your Losses
👉 You should only risk 2% or less of your trading account on each trade. This will ensure that you can survive any losing streak while minimizing the drawdown on your trading account.
👉 Remember: losses in forex trading are not linear. A 50% loss would require a 100% gain in order to recover your original trading account level.
4. Use Leverage Carefully
👉 Most forex brokers offer to trade with leverage, and with Exness traders can enjoy up to 1:Unlimited leverage. While trading with leverage is one of the great advantages of trading forex, it can also increase the risk of losses if used incorrectly. Leverage works as a ratio, meaning that if you trade with USD 10 at a leverage of 1:50 your market investment will be USD 500. This means that, if your investment moves in a favourable direction, your profits would be 50x bigger than they would have been without leverage. However, this also means that your losses if the currency moves in an unfavourable direction would be 50x greater as well. Traders are therefore reminded to apply leverage with care.
5. Choose The Time Of Day That You Trade
👉 Most traders tend to ignore the impact of the time of day that they trade. However, traders who are active during periods of less volatility tend to be more profitable than traders who trade during periods of high volatility.
👉 The high volatility periods for different currency pairs vary, but can generally be summarized as the opening hours of the Asian sessions, the London/European sessions, and the New York/American sessions.
👉 Experienced traders who are trading European currency pairs, such as EURUSD and GBPUSD, typically trade during off hours from 7PM to 11AM GMT. However, this data applies to range of traders who trade following the existing trends but might differ for traders using other trading strategies, such as scalping.
6. Buy The Rumor, Sell The News
👉 Many traders like to stay abreast of news that affects the forex market, but this is very hard to do given that it is near-impossible to accurately predict what will happen at any given time across the globe. However, experienced traders typically keep abreast of economic releases from different countries, which generally have an impact on many currency pairs.
👉 In most cases, markets typically discount the news based on investors’ expectations, which means that by the time the news is released, the big moves in the affected currency pairs would have already taken place. Therefore, it is important to make trades related to major news events way before the actual news is released.
All About JustMarkets’ Rebate System
How much rebate can I pay back?
👉 Rebate percentage can be set to be anything between 0% and 100%.
Payment schedule
👉 Rebates are paid daily to the selected referred clients who have closed any trades within the last 24 hours. Daily payments need to be approved by the partner.
👉 Once rebates are set up from your PA, rebates will be automatically calculated for the selected referred clients every time you receive rewards. Total daily rebates will then await your approval in the Approval section of the Rebates tab, or be automatically distributed if you have selected automated approval on rebates for specific referred clients; more information about this is available in the article about how to manage rebates.
JustMarkets Affiliate Program
With the affiliate program offered by JustMarkets, partners can earn an unlimited commission, build their own network, and choose a tailored program that will provide the partner more from their traffic.
JustMarkets Affiliate Programs were created by partners for partners, catering for all affiliates according to their unique needs and objectives. In terms of Revenue Share, JustMarkets offers:
️ Profits up to 65% when clients carry out trades
️ Easy withdrawals
️ Loyalty programs
️ Personal Affiliate Manager
️ Automatic rebates
️ A multi-level and comprehensive program
️ Lifetime revenue share
In terms of CPA, JustMarkets offers the following:
️ Payments of up to $1500
️ A dedicated Affiliate Manager
️ High Conversion Rates
️ Transparency in reporting statistics
️ Advanced Marketing tools
️ Instant payments
Overall Rating
- 4.4/5
Min Deposit
USD 1 / 430 NGN
Regulators
FSA, CySec
Trading Desk
MT4, MT5, MT4/5 WebTrader, mobile (iOS & Android)
Crypto
Yes
Total Pairs
–
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Verdict on JustMarkets
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.
The daily forecast and technical analysis provided by JustMarkets can assist traders to prepare for market entry and serve as a source of trading inspiration. JustMarkets offers a detailed breakdown of the forex market and how it operates through its educational material.
Regulation is one area where JustMarkets may need some work. There is a perception among traders that European, Australian, American, and authorities in South Africa are more legitimate and trustworthy. These regulatory entities oversee the trading-related activities of all traders and provide a platform for the resolution of disputes.
Thus, this is an area where JustMarkets could lose clients unless it obtains licensing from more reputable market regulators such as the Financial Conduct Authority, Cyprus Securities and Exchange Commission, and others.
JustMarkets offers excellent trading conditions and powerful trading software that appeals to traders, including mobile trading apps, web-based terminals, and desktop trading platforms.
JustMarkets offers access to the foreign exchange market in addition to several other markets, providing Nigerian clients with a wider range of instruments and the perfect opportunity to increase their trading activity.
JustMarkets is one of the trusted international brokers from a long list of brokers that are typically classified as offshore entities. One of JustMarkets’s main attractions is its zero commissions on deposits and withdrawals, dedicated customer support, and extreme leverage ratios up to 1:3000.
JustMarkets makes provision for traders from around the world by providing a broader range of funding methods and withdrawal options. In addition, JustMarkets offers competitive trading conditions on accounts and negative balance protection to mitigate extreme risk.
Before investing capital with JustMarkets, traders must ensure that they understand their degree of risk, their willingness to accept certain risks, and other components. If Nigerian traders are unsure of their understanding of risk, they are urged to seek professional investment advice.
JustMarkets Pros and Cons
| ✔️ Pros | ❌ Cons |
| JustMarkets offers a huge range of deposit methods and withdrawal options including bank wire transfers, bank transfers, Skrill, Neteller, and more | There is a limited choice of trading instruments |
| Demo trading and Islamic Swap-Free Accounts are offered | Inactivity Fees may apply after following several days of dormancy |
| JustMarkets offers mobile trading through powerful mobile trading apps | The broker does not have regulation through a reputable and trusted regulatory body |
| JustMarkets offers competitive cryptocurrency spreads across crypto pairs including Bitcoin, Ethereum, and others | |
| JustMarkets’s non-trading fees are reasonable | |
| The broker offers a risk warning, training webinars, an array of articles and education for inexperienced traders | |
| There is a wide choice between different types of accounts and excellent trading conditions | |
| One-click trading is offered in addition to insights to help Nigerian traders make better trading decisions | |
| Real-time market analysis is offered alongside analysis tools and several other additional tools | |
| Client funds are kept in segregated bank accounts | |
| There are several research and resources that can help traders make improved independent investment decisions | |
| JustMarkets’s account-opening process is quick and easy | |
| JustMarkets offers several innovative features including a range of services | |
| There are several trading account currencies to choose from | |
| There is no fee for withdrawals |
Frequently Asked Questions
Does JustMarkets offer leverage and what is the maximum ratio offered?
Yes, JustMarkets offers leverage up to 1:3000 maximum
Which financial instruments can I trade with JustMarkets?
You can trade any of the following financial instruments: 65 Forex pairs, 8 Metals, 11 Indices 2 Energies, 7 Cryptocurrency Pairs, 64 Shares, 21 Futures
Is JustMarkets regulated and by whom?
Yes, JustMarkets is regulated by Financial Services Authority in Seychelles and FSA in Saint Vincent and the Grenadines.
What is the overall rating for JustMarkets out of 10?
The overall rating for JustMarkets is 8/10.
Is JustMarkets suitable for beginner and professional traders?
Yes, JustMarkets caters to beginner traders and advanced traders alike, despite their trading experience or trading styles.
