Is JustForex a Credible Broker?

JustForex Broker
T
Tommy S
28 Dec 2015, 15:12 7,310 Views
Hello Masta,
I want to ask about Just Forex Broker, is that broker considered credible according to masta? Regarding its IFSC regulator, can it be categorized as a reliable broker? Thank you in advance, greetings profit

4 Answer

M
martin 29 Dec 2015, 23:39

@ Tommy S:
From a regulatory standpoint, I think the regulator IFSC (International Financial Services Commission) from Belize is less credible compared to CFTC and NFA from the US, FCA from the UK or ASIC from Australia which have proven to sanction brokers under their regulation if they violate agreements.
This JustForex broker, in addition to its regulation which I consider less credible (IFSC), its deposit and withdrawal system can use third parties such as e-currency companies like Webmoney etc (read: JustForex reviews).

In the past, there were 2 large e-currency companies that scammed, namely e-gold and Liberty Reserve (LR). Although you may be using wire transfers (not using e-currency companies), the broker's cooperation with these e-currency companies is questionable.
If the deposited funds are not large, I think it's still safe.

W
wawan supriyanto 14 Jan 2016, 08:37
but it is said that justforex is an ECN broker. is that true, boss?
M
martin 17 Jan 2016, 13:51

@ wawan supriyanto:
Yes, that's right, with the specifications:
For JustForex ECN Account:
No minimum deposit, Minimum margin per order $2, Spread floating starting from 0 pip, Commission $3 per lot, Leverage: 1:1 - 1:500, Minimum order size: 0.01 lot, Maximum order size: 100 lot, Execution method: Market execution.
For JustForex Pro ECN Account:

Minimum deposit $5000, Minimum margin per order $250, Spread floating starting from 0 pip, Commission $2.25 per lot

Leverage: 1:1 - 1:200, Minimum order size: 0.5 lot (step 0.1 lots), Maximum order size: 100 lot, Execution method: Market execution.
I think you should try it first on a demo account.

F
fainzs 01 May 2021, 15:11
I use JustForex, withdrawals and deposits are very fast.

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