JustForex Commission or Brokerage Charges – Review, Plans, FAQs & more

JustForex is a global forex service provider which is the trading name of JF Global Limited. The broker was established in 2012 and is registered in St Vincent and the Grenadines.

With over 13 years of experience in the forex market, JustForex is known to be one of the most trustworthy global brokers.

Whenever you register as a trader with the company you are allowed to trade on 150 plus asset classes that cover various things including bonds, commodities, entices, stocks, products, ECN. You will also gain access to thousands of global forex markets.

JustForex allows all its customers to use the globally recognized meta trader for and meta trader 5 trading platforms for trading purposes as well as their mobile trading application which is available for Android and iOS.

Some of the positive points of the trader include:

• Access to commission-free trading accounts
• The customers will receive forex ECB Trading at anytime
• Access to thousands of asset classes
• The leverage available is up to 1:3000

In this JustForex commission review, we would be discussing the competitive commission charges, levitate charges, and various other non-trading charges that are related to the company.

JustForex Commission or Brokerage Charges

The charges required while trading with the company depend on various factors like JustForex commission charges, spread charges, and margins.

The trading cost also depends on the forex market in which you are trading and the trading account that you are using.

The spread charges offered by JustForex auto variable and depends on the account types and also the meta trader 4 or the meta trader 5 trading platforms.

Key points:

Spread Charges:

It is the value difference Between the bid and the asking rate of a currency pair. The poop is the amount of the smallest increment of an exchange rate.

Margin:

It is the minimum amount required to open a position in the market.

Margin is calculated based on the base currency against USD, size of the position, and the leverage that is related to your trading account.

Commission charges:

The amount of JustForex Fees charged by the broker on a specific trade for making various trades on the customer’s behalf.

The JustForex commission amount varies between various brokers and also depends on the asset class or the service offered by the broker.

Leverage:

The process that the trader uses to gain a larger exposure on the global forex market than the amount of money deposited to open a trade is leverage.

The maximum leverage offered by the broker is 1:3000.

Bonuses:

According to the European Securities and Markets Authority, the company offers 100% deposit bonuses on amounts greater than $100.

The Additional Trading Fees

The credit or debit overnight fee or the swap charges directly depend on the position that the customer is holding (whether more or less time) and the trading instrument that he is using.

Additionally, the broker does not charge any extra fee during withdrawal.

But there might be a certain deposit fee on all the deposits that are added to the account using cryptocurrencies using 1% commission JustForex charges.

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Types of JustForex Commission Plans

JustForex has developed a variety of trading accounts or JustForex commission plans that include standard trading account, pro trading account, ECN trading account, zero trading account, cent trading account, mini trading account, demo trading, or virtual space account and an Islamic free trading account.

Now we will discuss the commission plans that the company has developed for its traders

Standard Account

• The initial deposit on minimum deposit amount is 1 US dollars
• Spread charges start from 0.3 pips
• No JustForex commission is charged whenever trading with this account
• The leverage charged is about 1:3000
• Customers using the standard account can trade on 57 forex pairs and two metals

Pro Account

• 100 US dollars is the minimum deposit of initial deposit amount
• Spread charges start from 0.1 pips
• No commission is charged while trading with this account
• The maximum leverage charged is 1:3000
• Customers with the pro account can trade on 57 forex pads, 4 metals, 11 indices, 2 energies, 65 shares, and 25 futures instruments

Raw Spread Account

• The initial deposit on minimum deposit amount is 100 US dollars
• Spread charges start from zero pips
• Commission charges are three units per base currency per lot traded
• The maximum leverage charged is 1:3000

ECN Zero Trading Account

• The initial deposit amount is $500
• This is a JustForex commission-based trading account
• The leverage charge is about 1:500
• Spread JustForex charges start from zero pips
• Customers can trade in 84 forex pairs and two metals

Cent Account

• No minimum deposit amount
• Commission-free trading account
• Leverage is up to 1:1000
• Spread starts from 0.3 pips
• Customers can trade on 34 forex fares

Mini Account

• No minimum deposit amount
• Commission-free account
• Leverages up to 1:3000
• Spread charges start from 0.3 pips
• Traders can trade on 34 Forex pairs and two metals

JustForex Demo Account

This is a virtual space loaded with virtual currencies.

The traders can learn about the market, practice trading, practice various trading skills, use the virtual currencies to try out the various trading instruments, and also learn everything about the trading process.

To have a demo account you have to register as a customer.

JustForex Islamic Account

The broker has also developed an Islamic account where all the Muslim traders can use to trade in the various forex markets.

The best feature of the Islamic account is that there are no scrap charges, overnight charges, or commission charges.

This is according to Sharia law and religious beliefs. To use an Islamic account you have to provide a verification identity.

JustForex Account Opening Process

Let us discuss the account opening process. To open a trading account with the broker please follow the steps given below

• Visit the official website of the broker.
• Now find the account opening tab and click on it
• Once directed to the application page, fill out all the details correctly and carefully
• Now, complete the KYC verification process with a valid identity proof
• Once both the steps have been completed, the trading account with the broker will be activated. However, you might not receive the login credentials immediately
• The login ID and password would be available at your mail address
• You can download the mobile application or the trading platform to log into your trading account and start trading
• Try adding and withdrawing funds and use the demo account available before stepping out into the real market.

JustForex Payment or Withdrawal Methods

JustForex allows all its customers to use multiple payment methods to add funds to their main trading account.

They also provide various withdrawal methods to withdraw the money directly to their main account.

No withdrawal or deposit fee is levied whenever you’re using the payment services, however, if you’re dealing using cryptocurrencies there is a 1 % commission charge as JustForex Fees.

The methods include:

Deposit Methods:

Credit Card, Neteller, PayPal, QIWI, Skrill, Wire Transfer

Withdrawal Methods:

Credit Card, Neteller, PayPal, QIWI, Skrill, Wire Transfer

The methods directly depend on your area of residence or the restrictions imposed on trading by your country.

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JustForex Investment Assets

Whenever you are trading with JustForex, you have the option to select from the wide range of asset classes, CFD classes, and various other assets. Some of the assets in which you can invest are:

• Users are allowed to invest in currency trading, indices trading, and cryptocurrency trading
• The supported crypto coins in the investment process include bitcoin, bitcoin cash, dash, eos, ethereum, litecoin, ripple
• The total number of currency pairs in which you can trade is 57 and the number of supported crypto coins is 7
• The number of indices in which you can invest is 11
• The number of features in which you can invest is 25

JustForex Commission – Conclusion

JustForex is one of the most popular online forex brokers that have headquarters in Belize.

With 13 years of experience in the forex market, the company knows all the tricks and tips of the various markets.

The broker provides multiple types of trading accounts which vary from one another. The commission charges are competitive and the maximum leverage charge is about 1:3000.

Check Articles on Forex Commission & Plans

JustForex Charges or Fees – FAQs

Here is the list of FAQs related to the JustForex commission charge

Do JustForex charge commission?

JustForex is known to provide reasonable commission charges that vary depending on the trading account, the trading asset, and the trading platform that you are using.

The commission charge is the amount charged by the company for providing various trading services to the trader.

How much does JustForex charge brokerage?

The JustForex brokerage charge depends on the commission plan or the asset type or the trading application that the customer is using.

The JustForex brokerage charge is variable but it is reasonable.

What is the Minimum Deposit required in JustForex?

The minimum deposit amount required to open a trading account with JustForex is $1.

This amount is quite less when compared to some of the other brokers who provide the same services.

Whenever you are trading with the standard account the minimum deposit is $1.

How much leverage does JustForex provide?

The leverage amount depends on the trading account or the type of asset in which the customer is interested in trade-in.

The maximum leverage charge to buy the company is about 1:3000

How much is Spread at JustForex?

The spread amount also depends on the commission plan and the asset type. It starts from zero pips to one pip.

What type of Commission Plans are available in JustForex?

The broker has developed multiple commission plans which differ from one another.

The commission plans include a standard trading account, pro trading account, ECN trading account, zero trading account, send trading account, mini trading account, a demo trading or a virtual space account, and an Islamic free trading account.

Does JustForex provide Cryptocurrency for Investment?

JustForex is an exclusive trading company that allows its users to invest in and use cryptocurrencies.

Whenever you invest using cryptocurrencies the minimum commission charge is 1%. Supported cryptocurrencies include bitcoin, bitcoin cash, dash, eos, ethereum, litecoin, ripple.

Is JustForex a legit Forex Broker?

JustForex is a legend broker and is regulated by different governing bodies in different countries:

• FCA in the UK
• ASIC in Australia

Can I invest in JustForex for $5?

The minimum amount required to open a trading account or perform trade with JustForex is just $1, therefore you are allowed to trade using $5. However, you can only use a standard account.

Are there any hidden charges available with JustForex?

JustForex promises complete transparency as it is a regulated broker.

The broker is regulated by FCA and ASIC thus you can be completely safe.

The commission charges are variable and depend on the type of trading account, the spread charges are about 1:3000, thus making JustForex one of the best options in the market.

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