JustMarkets Fees and Minimum Deposit - TU Expert review
While reliability is paramount, fees and minimum deposits are crucial factors when choosing a broker. Lower fees with diverse options make a broker more attractive for trading. The minimum deposit is another important factor for new traders who may not have a substantial amount to invest immediately.
Traders Union analyzed JustMarkets fees, minimum deposit requirements, and commission structure to assess their suitability for beginner traders.
Short introduction of JustMarkets
JustMarkets is a Forex and CFD broker using ECN and STP technologies, offering over 260 trading instruments and leverage up to 1:300 (depending on the trader's country). In over 10 years of operation, the company has attracted approximately a million traders from 190+ countries and has established four offices in different regions. JustMarkets holds licenses from CySEC (Cyprus), FSCA (South Africa), FSA (Seychelles), and FSC (Mauritius), and has received numerous international awards, including Best Broker in Asia and Africa. The company's services are unavailable to traders from the U.S., and each JustMarkets subsidiary has regional restrictions.
| 💰 Account currency: | USD, EUR, GBP – all countries PLN – EU countries JPY, VND, MYR, ZAR, THB, IDR, KWD, CNY – countries outside the EU |
| 🚀 Minimum deposit: | $10 or $100 (depending on the country) |
| ⚖️ Leverage: | Up to 1:30, up to 1:300, up to 1:3000 (depending on the country and trader qualification) |
| 💱 Spread: | Standard and Standard Cent – from 0.3 pips Pro – from 0.1 pips Raw Spread – from 0.0 pips |
| 🔧 Instruments: | Forex, indices, metals, energy, stocks, cryptocurrency pairs (not available in the EU) |
| 💹 Margin Call / Stop Out: | CySEC: 80%/50% Other regulators: 40%/20% |
JustMarkets Commissions and Fees
The broker offers accounts with a commission per lot (3 units of the base currency per side) and spreads starting from 0 pips. These are Raw Spread accounts. Spreads are part of the trading fees. On other types of JustMarkets accounts (Cent, Standard, and Pro), spreads are higher, starting from 0.1 or 0.3 pips, but in this case, there is no commission per lot. JustMarkets does not charge a fee when a client makes a deposit. The company also does not charge a withdrawal fee if the trader has conducted trades before submitting the withdrawal request. If there were no trades on the account, a fee of 3% of the total withdrawal amount is charged. Additionally, payment systems and banks may apply additional fees.
| Account type | Spread (minimum value) | Withdrawal commission |
| Raw Spread | From $0 | Charged by the broker in case of trading inactivity |
| Pro | From $1 | Charged by the broker in case of trading inactivity |
| Standard | From $3 | Charged by the broker in case of trading inactivity |
| Standard Cent | From $0.3 | Charged by the broker in case of trading inactivity |
A broker is an intermediary between a trader and an exchange. Therefore, brokers charge fees for their services. The fees may have different structure.
There are the following fees in the Forex market:
-
Spread – the difference between the buy and the sell price of an asset.
-
Commission per lot.
-
Commission per trade.
Broker fees may differ depending on the trading account type. For example, on some accounts spread is used as a trading fee, and on others – commission per lot.
JustMarkets Minimum deposit
Guide on how traders can start earning profits
JustMarkets offers two types of accounts – trading and demo. The latter can only be used for transactions with virtual funds. For real-market trading, MT4 and MT5 accounts of different types are available, differing in the initial deposit amount, transaction fee, and assortment of tradable assets.
Account Types:
Traders using the CySEC-regulated broker receive one of two statuses – Retail or Professional – upon registration. The size of the provided leverage depends on the qualification. Trading conditions for JustMarkets clients vary as the broker operates in compliance with the requirements of different regulators.
Brokers similar to JustMarkets
When analyzing JustMarkets, it is important to compare it with other similar companies. Before you choose a broker, it is important to compare its trading conditions with competitors. Traders Union analysts have prepared a comparison of the minimum deposit and other trading conditions of JustMarkets and other brokers.
Comparison of JustMarkets with other Brokers
| JustMarkets | RoboForex | Pocket Option | Exness | Vantage Markets | Forex4you | |
|---|---|---|---|---|---|---|
|
Trading platform |
MT4, Mobile Trading, MT5 |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
Pocket Option, MT5, MT4 |
Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 |
MT4, MT5, WebTrader, Mobile Apps |
MT4, Mobile Trading, MT5 |
|
Min deposit |
$1 |
$10 |
$5 |
$10 |
$50 |
No |
|
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:10 |
|
Trust management |
Yes |
No |
No |
No |
No |
No |
|
Accrual of % on the balance |
No |
No |
No |
No |
No |
No |
|
Spread |
From 0 points |
From 0 points |
From 1.2 point |
From 1 point |
From 0 points |
From 0.1 points |
|
Level of margin call / stop out |
No |
No |
No |
No |
No |
No |
|
Execution of orders |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution, Instant Execution |
|
No deposit bonus |
$30 |
No |
No |
No |
No |
No |
|
Cent accounts |
Yes |
Yes |
No |
No |
No |
Yes |
| JustMarkets | RoboForex | Pocket Option | Exness | Vantage Markets | Forex4you | |
|---|---|---|---|---|---|---|
|
Forex |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Metalls |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Crypto |
Yes |
No |
Yes |
Yes |
No |
No |
|
CFD |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Indexes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Stock |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
ETF |
No |
Yes |
No |
No |
No |
No |
|
Options |
No |
No |
No |
No |
No |
No |
Could I recommend JustMarkets to a beginner trader?
Analysis of JustMarkets shows that the broker has a rather high minimum deposit. It could pose a problem for traders, who are only starting their path in trading. Nevertheless, the fees are low. Therefore, the broker will be a good choice for professional traders.
FAQs
Why do some brokers set a high minimum deposit?
Many companies with high minimum deposits are focused on working with professional traders with experience and large capital. Therefore, they set a high entry threshold.
Are the fees charged on a demo account?
Yes, but they are written off the virtual funds you use for trading on the demo account. This allows you to learn the level of the fees.
What are non-trading fees?
Non-trading fees are the fees charged outside the trading process, for example deposit and withdrawal fee, inactivity fee, etc.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.