In this section we will analyze the broker called Justforex, a forex broker, as its name implies, among other things, since it offers investment possibilities with other instruments such as CFDs.
The broker is owned by IPCTrade Inc., and as for your location, the broker is based in Belize.
Justforex is regulated by the IFSC (International Financial Services Commission of Belize), the regulatory body of Belize.
If now we go on to analyze account types that Justforex offers, basically provides 4 types of account, the Cent Account, the Mini Account, the Standard Account and the ECN Zero Account.
Cent account: no minimum initial deposit, leverage up to 1: 1000, no commission, spreads from 0,3, minimum order size of 0,01 cents per lot, maximum order size of 1000 cents per lot, no volume limit cumulative maximum of positions, maximum number of orders 100, among other characteristics.
It is followed by Mini Account: also no minimum initial deposit, leverage up to 1: 3000, no commission, spreads from 0,3, minimum lot order size, maximum order size 100 lots, no maximum cumulative volume limit of positions, quantity maximum of 200 orders, among other characteristics.
The third type of account is the Standard Account- Minimum initial deposit is $ 100, leverage up to 1: 3000, no commission, spreads from 0,1, minimum order size of 0,01 lot, maximum order size of 100 lots, no cumulative volume limit Maximum positions, without maximum number of orders, it is possible to trade forex and 2 metals, among other features.
The last type of account is the ECN Zero account- Minimum initial deposit is $ 500, leverage up to 1: 500, has commission, spreads from 0, minimum order size of 0,01 lot, maximum order size of 100 lots, no maximum cumulative volume limit of positions, without a maximum number of orders, it is possible to trade with forex and 2 metals, prices with 5 decimals, among other characteristics.
You can see even more features about account types in the following image:
The platforms to operate that the broker offers are: the MT4 platform (MetaTrader 4).
We will now go on to analyze the different resources and aids for the trader that the Justforex broker provides to its clients on its website.
Justforex provides the following aids: specifications and explanations about the different types of contracts, an overview of the market, analysis type (although it should be noted that it is in English), market price actions, chart patterns, different report analysis of COT, the economic calendar, forex glossary, educational videos and articles that explain different basics of the world of investing and trading. It should be noted that a large part of these tools is in English.
Other information about the Justforex broker
We will leave you some more information in case you want to contact the broker, or see their website for yourself.
Phone number: +371 67 881 045 and +44 1418 461237
Ending with this section, in our opinion the Justforex broker is trustworthy, but we recommend being cautious Why? Since we have found positive but also negative comments on the internet, his reputation is not very clear.
⛔ Attention ⛔ : in May 2021 FSMA (Belgium) added justforex to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
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