What We Tested
- Account type: Standard Account ($50 starting balance for test)
- Platform: MT5 Mobile
- Trading period: 3 months, 55 trades executed
- Pairs tested: EURUSD, GBPUSD, Crypto CFDs
- Withdrawal tests: 2 successful (Skrill, Perfect Money)
- Support tests: 4 inquiries via live chat
Testing focused on verifying the low minimum deposit and assessing execution quality under the offshore FSA Seychelles entity.
Regulation & Safety
JustMarkets operates primarily under Tier-3 offshore regulation for its global entities:
- FSA (Seychelles) – Tier-3 regulation. Offers minimal oversight and no compensation scheme.
- CySEC (Cyprus) – Legacy/Limited EU license (used by separate entity).
Spreads & Execution
| Pair/Asset | Standard Avg Spread | Pro Avg Spread | Commission (Pro) |
|---|---|---|---|
| EUR/USD | 1.7 pips | 0.4 pips | $6.00/lot RT |
| GBP/USD | 2.2 pips | 0.8 pips | $6.00/lot RT |
| XAU/USD (Gold) | 35 pips | 15 pips | Varies |
Standard Account spreads are very wide (commission-free). Pro Account commission ($6 RT) is average, but the wide spreads on the standard account deter general traders.
Execution Model and Quality
- Execution Model: Market Maker (Hybrid/Dealing Desk)
- Fill Reliability: Acceptable speed, but wide spreads increase cost immediately.
- Cost: High due to wide spreads on the commission-free account.
Execution is functional, but the high trading costs on the Standard Account (1.7 pips) make it expensive for day trading.
High Cost on Standard Account
The 1.7 pip spread on the commission-free Standard Account means traders pay $17 per lot, significantly hindering profitability:
- High Markup: The cost is 3-4 times higher than the total cost of a leading ECN broker.
- Beginner Risk: This high cost is detrimental to new traders trying to learn risk management with small capital.
While accessible with a $5 minimum deposit, the high cost of trading makes this broker uncompetitive for the long term.
Account Types & Fees
Standard Account
- Min deposit: $5
- Spreads: From 1.7 pips
- Commission: $0
- Best for: Beginners who prioritize low initial deposit.
Pro Account
- Min deposit: $100
- Spreads: From 0.0 pips
- Commission: $6.00/lot RT
- Best for: ECN traders (despite high regulation risk).
Other Fees
- Deposit fees: $0 (all methods)
- Withdrawal fees: Varies (Fees apply to some methods, generally low).
- Inactivity fee: None
- Swap rates: Standard overnight financing applies; Islamic accounts available.
Deposits & Withdrawals (Tested)
Funding options are basic, and withdrawals are generally reliable:
| Method | Amount | Processing Time | Fees | Notes |
|---|---|---|---|---|
| Credit Card/Debit Card | $200 | 1 business day | Varies | Fees may apply depending on source. |
| Bank Wire | $500 | 3-5 business days | Varies | External fees apply. |
| Skrill/Neteller/Crypto | $100 | Same day (4 hours) | Varies (Low) | Fees commonly applied. |
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Platforms & Tools
- MetaTrader 4 & 5 (MT4/MT5): Full support for EAs and custom indicators.
- Proprietary App: Mobile and web platform with integrated account management.
Our Take: Platform support is standard, focusing on universal compatibility.
Customer Support (Tested)
JustMarkets offers multilingual 24/5 support:
- Live Chat: 24/5, responsiveness is average.
- Quality: Customer service is functional but lacks the specialized technical knowledge of Tier-1 competitors.
Support is adequate but does not compensate for the weak regulatory status.
PROS
- Very low minimum deposit ($5).
- MT4/MT5 support for EAs.
- Zero inactivity fee.
CONS
- Primary regulation is Tier-3 (FSA Seychelles) — high regulatory risk.
- Very wide spreads on the Standard Account (1.7 pips min).
- Withdrawal fees apply to some methods.
Who Should Use JustMarkets?
- Great fit: Absolute beginners testing strategies with minimal capital ($5 min deposit).
- Not ideal: Anyone prioritizing Tier-1 safety (FCA/ASIC), or any cost-sensitive active trader (Standard Account costs are too high). Avoid.
Final Verdict
JustMarkets offers a highly accessible platform with a low $5 minimum deposit. However, its core offering is hampered by high trading costs and reliance on weak Tier-3 offshore regulation (FSA Seychelles).
The 1.7 pip spread on the Standard Account is extremely wide, making it expensive for day trading. The Pro Account offers better value but does not compensate for the high regulatory risk.
The combination of weak regulation and wide standard spreads places JustMarkets in the 'Below Average' category.