The multiple licenses held by Just2Trade across different jurisdictions highlight the broker’s dedication to compliance and its ability to serve clients in various regions. This global presence and adherence to strict regulatory standards instil confidence in traders, knowing that their funds are held with a reputable and well-supervised broker. FxGecko recommends you to check broker information on FxGecko before investing and avoid high risk trading platforms. The Cyprus Securities and Exchange Commission (CySEC) was established in accordance with section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public legal entity. It also supervises the firms offering administrative services which do not fall under the supervision of ICPAC and the Cyprus Bar Association. From on our assessment, Just2Trade provides an average offering of market research.
Market Range and Instruments
The availability of a demo account allows beginners to practise trading risk-free and familiarise themselves with the platforms. These platforms cater to traders of all levels, from beginners to professionals. Just2Trade ensures that clients have access to the tools and features necessary to analyse markets, execute trades, and manage their portfolios effectively. Just2Trade is a reasonable forex broker for beginners, but not the best we have tested. The $100 minimum deposit is accessible, there is a free demo account and a copy trading app, however there is little in terms of education or beginner-friendly trading tools. Additionally, the broker charges withdrawal fees which vary depending on the method you choose.
- A platform can be a multi-asset one, which means that it allows clients to not only trade forex but also other asset classes like CFDs on stocks, stock indices, precious metals, and cryptocurrencies.
- On the downside, our research has revealed that swap-free accounts are not available.
- Any financial decisions you make are your sole responsibility, and reliance on any site information is at your own risk.
- This regulatory framework, combined with negative balance protection for retail clients, reinforces Just2Trade’s commitment to safeguarding its customers’ interests.
Risk Warning:
- Investing in contract-based tradable goods is a reliable way to mitigate risk during times of inflation or economic uncertainty.
- While their support services are not available 24/7, they are known for their responsiveness and expertise during their operating hours.
- Besides, Just2Trade is a member of the Securities Investor Protection Corporation (SIPC) and the Investor Compensation Fund (ICF).
Deposit fees are, admittedly, a very rare sight to see – most exchanges are void of them. World Finance is a global market leading print and online magazine providing comprehensive coverage and analysis of the financial industry, international business and the global economy. Score Priority is not recommended for novice traders but rather for more active traders who want access to international markets for multi-instrument trades. Score Priority warns all potential traders that Forex and CFDs trading always carries a high level of risk and may not be suitable for all investors.
The forex broker holds a license with the Cyprus Securities & Exchange Commission (CySEC). There is also a campaign to become a professional trader which offers a bonus of up to $2000. Also, similar to the copy trading service, there is no guarantee you will make a profit.
The platforms provide advanced charting tools, automated trading capabilities, and mobile accessibility, ensuring a seamless trading experience. The most important of which include regulatory credentials, the accessibility of accounts, coverage of the forex market, the quality of trading tools, and the competitiveness just2trade review of fee structures. This account provides traders a streamlined web-based technology platform to enjoy unlimited, zero-commissions trading on US-listed stocks and ETFs to go along with direct low-cost access to other global markets.
This award is a testament to excellence in offering multi-asset trading under J2T brand and the continuous development of a robust, user-friendly trading infrastructure based on the MetaTrader 5 platform. Just2Trade offers MetaTrader 4, MetaTrader 5 to cater to the diverse needs of its clients. By understanding the features and benefits of each platform, you can select the one that best aligns with your trading goals.
Trading Platforms Comparison Table
Traders should also keep in mind that triple rate swap fees are charged on a Wednesday. Welcome to Forex Wink here you will find only the truth about Forex brokers. Besides, Just2Trade is a member of the Securities Investor Protection Corporation (SIPC) and the Investor Compensation Fund (ICF).
Payment methods
Leading broker XM has unveiled its new refreshed and updated look with the launch of a revamped website, offering traders a more intuitive and enhanced user-experience. For the most accurate and up-to-date information on available payment methods and their specific terms, please refer to the official Just2Trade website or contact their customer support. Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want.
Just2Trade does not charge inactivity fees – a levy we see at many forex brokers we review. Our testing shows that Just2Trade offers lower fees than most forex brokers, especially in its premium accounts. Looking at the negatives, Just2Trade scores poorly when it comes to education, reducing its suitability for beginners. We are also disappointed by the deposit and withdrawal fees, which can be avoided at other forex brokers we use. You can trade major, minor, and exotic Forex pairs, dive into the world of CFDs, get your hands on commodities, indices, and even cryptocurrencies. Just2Trade, a prominent player in the Forex brokerage arena, made its debut in the financial markets in 2006.
How To Open A Demo Account
Our review further indicates that you can also trade and invest in ETFs that are currently trading on the US exchanges. These can only be traded on the broker’s proprietary trading platforms where Just2Trade Pro charges $2.50 per trade but are commission-free on the Just2Trade lite platform. That said, as far as the less-known exchanges and brokerages go, it’s actually still not that common to come across a platform that would offer fiat payment support.
On a more positive note, our tests show that withdrawal times are in line with competitors, varying between payment methods with e-wallets being instant and bank wires taking up to 5 days. Our review shows Just2Trade scores less favorably when it comes to withdrawals. Not all deposit options are available – bank transfers, card payments and some e-wallets such as PayPal are supported. I traded with this company for 4 months, after two months I started having problems with withdrawals, the withdrawal button simply became inactive, technical support did not help at all. However, Just2Trade does not accept clients from certain jurisdictions, including the United States. It is essential for potential clients to verify their eligibility based on their country of residence before opening an account.
With that said, traders should be aware that the available instruments vary depending on the account you have. For example, the Standard account offers a reduced list of metals and CFDs in addition to forex. Our testing of Just2Trade also shows a good range of supported base currencies, including EUR and USD, making this broker accessible to global traders – removing potential conversion fees. Our research shows that the MT5 Global account is best for experienced traders. Account holders get tight spreads with a very low commission rate, plus access to the powerful MetaTrader 5 platform.
Before making financial investment decisions, do consult your financial advisor. Now, if you plan on trading cryptocurrencies long-term, that’s not an issue. However, it can still prove to be annoying, granted that many exchanges out there have much smaller requirements, a far as crypto purchases go. These are usually used as the deciding factor when it comes to judging a crypto exchange, at least fee-wise. Withdrawal fees vary by quite a bit, and usually depend on two separate factors – the exchange itself, and the blockchain of a specific cryptocurrency that you want to withdraw.
While Just2Trade has many strengths, it’s important to note that as a relatively young broker established in 2015, it may not have the same extensive track record as some more established industry players. Additionally, traders from certain countries may face restrictions in accessing Just2Trade’s services. If you reside in a prohibited country, you will not be able to open an account or access Just2Trade’s trading services. Attempting to circumvent these restrictions may result in the termination of your account and potential legal consequences.
So, if the broker fails to settle claims of investors or folds up, they are secured up to $500,000 and €20,000 correspondingly. At the same time, though, they can get rather complicated – thankfully, as you’ll see in just a minute, this is not the case with the Just2Trade app. Expert Advisors (EAs) Rating features high-quality Free and paid Forex EA most popular on the market today.