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Exposing JustMarkets - review of the service, signs of a scam
The broker attracts clients with 55% reduced spreads. But reviews from ex-clients indicate that the spread is growing without restrictions. Accordingly, this indicates serious difficulties with liquidity. “Kitchen” with offshore registration cleans clients’ pockets with unbearable trading conditions.
|Year of foundation
|Regulation and jurisdiction
Seychelles (FSA), Cyprus (CySEC), South Africa (FSCA), Mauritius (FSC)
Адрес: Office 10, Floor 2, Vairam Building, Providence Industrial Estate, Providence
Phone: +248 4632027
- Low entry threshold
- Offshore licenses
- Constant requotes and slippages
- Bonuses blocking withdrawals
MetaTrader 4, MetaTrader 5
|Types of accounts
Standard Cent, Standard, Pro, Raw Spread
Mastercard, Visa, Bank Transfer, Skrill, Neteller, Perfect Money, Stickpay, AIRTM, Bitcoin, Bitcoin Cash, Ethereum, USD Coin, BUSD, Tether, Binance (BNB), DogeCoin, Litecoin, XRP, FasaPay, local bank transfers, payment methods, mobile operators in Malaysia, Indonesia, Thailand, Vietnam, Philippines, South Africa
CFD Forex, metals, energies, crypto pairs, indices
Review of JustMarkets analysis of the history of formation
According to information on the official websiteJustMarkets is a platform for trading on financial markets, offering its clients favorable conditions for making money. However, the site does not provide specific information about the company’s founding date, the names of the founders, or the history of the project. It is mentioned that the launch allegedly took place in 2012, but there is no evidence of this.
JustMarkets is an international broker working with clients from different countries. The company strives to create a convenient and transparent trading environment so that everyone can realize their investment potential. The mission of the service is to provide clients with the opportunity to do what they love without being distracted by other issues.
The company is registered and regulated in several jurisdictions. We are talking about the Seychelles and about. Mauritius. The third registration area is Cyprus, a European trading company that provides certain content and operates the business, including processing payment transactions.
The goal of a fake broker is to create conditions for successful trading by offering clients various types of trading accounts and a wide selection of trading instruments. The firm strives to be the most customer-centric broker in the world, where everyone can trade and invest in a simple and transparent way.
We, of course, tried to find a footnote on the license from the Central Bank of the Russian Federation on the website justmarkets.com. But this document does not exist. Accordingly, the company provides services on the domestic market illegally.
Conditions for trading with JustMarkets
Office offers different types of trading accounts, each with its own unique conditions:
- standard. Deposit from $10, leverage up to 1:3000. Spread: from 0.3. Commission: No. Swap-free: Available;
- professional. Replenishment from 100 dollars. Ptreatment up to 1:3000. Spread: from 0.1. Commission: No. Swap-free: Available;
- witheven with the market spread (Raw Spread).Replenishment from 100 dollars. Leverage up to 1:3000. Spread: from 0. Commission: $3 per lot. Swap-free: Available.
MetaTrader 4 is a popular trading platform developed by MetaQuotes in 2005. It is widely used for trading in Forex, futures and CFD markets. MT4 has an intuitive interface that allows you to manage your trading accounts, monitor the market and manage orders. The platform supports indicators and expert advisors for real-time market analysis. MT4 offers flexible settings and ample opportunities for traders of all levels.
It would seem that everything is perfect, but it is important to take into account the lack of a license from an auditor. Automatically we get a broker who fully controls the platform and quotes. This means that no matter what actions the trader takes, the outcome of the transaction depends solely on the manager. Actually, based on this, the project is blacklisted, and you should not even waste time opening a JustMarkets personal account.
Financial transactions with JustMarkets
Officeoffers various methods for depositing and withdrawing funds, each of which has its own conditions:
- bank cards. Minimum amount: 10 USD/EUR, maximum amount: 10,000 USD. Commission: 0%. Processing time: within 30 minutes;
- wallets. The minimum amount is $10, there is no limit, there is no commission, the accrual time is 5 minutes;
- cryptocurrencies, there is a list of about a dozen available, with plans to expand. Minimum amount: 15-30 USD depending on the cryptocurrency. There is no maximum threshold, commission is 0%, the application processing interval is half an hour.
In most cases, JustMarkets does not charge any deposit fees. Conditions may vary depending on the client’s country of residence. Here it is important to take into account user reviews confirming that there is no withdrawal of money.
JustMarkets is a brokerage company that offers its clients the opportunity to trade on the Forex market. The company has allegedly been operating since 2012, and was registered in Saint Vincent and the Grenadines, under the regulation of the local FSA. JustMarkets features technical support in multiple languages, including Russian, and offers a wide range of trading instruments, including 84 currency pairs, 2 metals and 39 cryptocurrencies. In reality, we have a kitchen in front of us that talks about offshore registration.
Reviews about JustMarkets
There were no problems finding comments. Customer stories are very different, but mostly these are complaints about the fact that the company does not allow you to withdraw money and does everything to make the user wait as long as possible for an answer.
Very often, the broker focuses on the fact that bonuses need to be worked off and only after that the client will be able to withdraw. It’s just a trick. Because the conditions for working out bonuses are simply impossible for an ordinary person.
If you look closely at the reviews about JustMarkets, the task is to lure money from traders, managers must convince them to replenish a larger amount.
Mostly, clients attempted to withdraw funds, but this did not bring any results. As a result, the broker simply took away the deposits and traders were left with nothing. In addition, do not forget that the terminal is completely controlled by the company, it’s just that traders do not immediately notice this.
Chargeback is what is needed to get money back from scammers. The procedure is available to all victims of deception without exception, but is used by only a few. You can consult with our managers. Just write to us.
Verdict on the JustMarkets project
The following signs of fraud have been detected:
- nunrealistically high leverage. JustForex offers leverage up to 1:3000, which is extremely high and may indicate high risks for traders;
- Client funds are kept inside JustForex, which means transactions are not brought to the real market;
- problems with withdrawal of funds. Feedback from traders mentions cases where they were unable to withdraw their funds and technical support was unresponsive;
- questionable bonus conditions. Bonuses offered by JustForex require a large turnover to be redeemed, which can lead to significant losses for traders;
- the office has stopped regularly paying profits, which may indicate financial problems of the company;
- lack of transparency regarding liquidity providers. The company does not indicate with whom exactly it is collaborating;
- there is no evidence of licenses; in particular, the Central Bank of the Russian Federation does not know anything about the service.
These signs indicate that cooperation with JustForex will only lead to losses. After all, in front of us is the kitchen.
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