JustMarkets review

JustMarkets Review

Overall, JustMarkets is very competitive in terms of its trading fees and spreads. JustMarkets offers 7 retail accounts on three different trading platforms. JustMarkets has no hidden trading fees and is considered a trustworthy and reliable broker with a score of 8 out of 10. JustMarkets is currently not regulated by the Bank of Tanzania (BOT).

Updated : September 23, 2022

Jump to:

Account Registration

Trading Platforms

Range of Markets

Fees

Deposits and Withdrawals

Education and Research

Affiliate Program

Final Verdict

Pros and Cons

FAQ

Overall Rating

Min Deposit

USD1

Regulators

FSA, CySec

Trading Desk

Metatrader 4

Crypto

Yes

Total Pairs

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

on JustMarkets’ website

JustMarkets Review – 25 key points quick overview:

JustMarkets Overview

Justmarkets overview

 

👉 Overall, JustMarkets is considered high-risk, with an overall Trust Score of 49 out of 100. JustMarkets is licensed by zero Tier-1 Regulators (high trust), zero Tier-2 Regulators (average trust), and one Tier-3 Regulator (low trust). JustMarkets offers seven different retail trading accounts namely a Standard Cent Account (MT4), Standard Account (MT4), Pro Account (MT4), Raw Spread Account (MT4), and Standard Account (MT5), Pro Account (MT5), Raw Spread Account (MT5).

 

👉 JustMarkets accepts Tanzanian clients and has an average spread from 0.0 pips with $6 commission round turn. JustMarkets has a maximum leverage ratio up to 1:3000 and there is a demo and Islamic account available. MT4, MT5, and JustMarkets App platforms are supported. JustMarkets is headquartered in Seychelles and regulate by the FSA.

 

👉 JustMarkets is a worldwide retailer of forex and CFDs. It was created in 2012 and is based in Seychelles. The customer-focused brokerage gives customers access to two MetaTrader platforms and a variety of tradeable items.

 

👉 Over 60 currency pairings, seven cryptocurrencies, 10 commodities, 65 stocks, and 11 index CFDs are among them. An additional 25 futures contracts, covering six asset classes, round out the asset choices to a total of 183.

 

👉 Several trading tools, as well as market research and managed accounts, are accessible. JustMarkets has millions of customers from 197 countries across the globe. This JustMarkets review for Tanzania will provide local retail traders with the details that they need to consider whether JustMarkets is suited to their unique trading objectives and needs.

 

JustMarkets Distribution of Traders

 

👉 JustMarkets currently has the largest market share in these countries:

➡️ Malaysia – 37.7%

➡️ Indonesia – 9.6%

➡️ Kenya – 4.4%

➡️ India – 3.4%

➡️ Togo – 3.1%

 

Popularity among traders who choose JustMarkets


JustMarkets IB Rewards 4

 

🥇 JustMarkets does not have a large market share in Tanzania. However, JustMarkets offers its services to several African countries, placing it in the Top 40 brokers for Tanzanians.

JustMarkets At a Glance

✅ Governor of SEC in TanzaniaNone, Benno Ndulu is the Central Bank Governor in Tanzania
✔️ Accepts Tanzanian Traders?Yes
🗓 Year Founded2012
📞 Tanzanian Traders Office Contact NumberNone
📱 Social Media Platforms• Facebook
• Instagram
• Telegram
• LinkedIn
• Twitter
⚖️ RegulationSeychelles Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySec)
1️⃣ Tier-1 LicensesNone
2️⃣ Tier-2 LicensesNone
3️⃣ Tier-3 Licenses• Financial Services Authority (FSA)
🪪 License NumberSD088
⚖️ BoT RegulationNone
💸 Regional RestrictionsThe United States, Japan, United Kingdom, EU, EEA, Belgium, and Spain
☪️ Islamic AccountYes
💻 Demo AccountYes
🛍 Retail Investor Accounts7
✔️ PAMM AccountsMAM Accounts
📊 Liquidity Providers18
💰 Affiliate ProgramYes
📉 Order ExecutionMarket
📈 Starting spread0.0 pips
📉 Minimum Commission per Trade$3 per lot, per side
💸 Decimal Pricing5th decimal pricing after the comma
📞 Margin Call40%
🛑 Stop-Out20%
📊 Minimum Trade Size0.01 lots
📉 Maximum Trade Size100 lots
📈 Crypto trading offered?Yes
✅ Offers a TZS Account?No
✔️ Dedicated Tanzanian Traders Account Manager?No
⬆️ Maximum Leverage1:3000
📈 Leverage Restrictions for Tanzania?No
📉 Minimum Deposit (TZS)2,300 Tanzanian Shilling equivalent to $1
💵 Tanzanian Shilling Deposits Allowed?Yes
📱 Active Tanzanian Trader Stats50,000+
👥 Active Tanzanian-based JustMarkets customersUnknown
🔄 Tanzania Daily Forex TurnoverUnknown, Forex overall is $6.6 Trillion
💰 Deposit and Withdrawal Options• Debit Card
• Credit Card
• China UnionPay
• Skrill
• Neteller
• Perfect Money
• Sticpay
• AirTM
• Bitcoin
• Bitcoin Cash
• Ethereum
• Tether
• USD Coin
• Local Bank Transfers, • Cards, Mobile Money
• Local Wallets
📉 Minimum Withdrawal TimeInstant
📈 Maximum Estimated Withdrawal Time10 bank days
💵 Instant Deposits and Instant Withdrawals?Yes
✔️ Segregated Accounts with Tanzanian Banks?No
💻 Trading PlatformsMT4, MT5, MT4/5 WebTrader, mobile (iOS & Android)
📉 Tradable Assets• • Indices
• Energies
• Forex
• Metals
• Cryptocurrencies
• Shares
• Futures
💰 Offers USD/TZS currency pair?No
📊 USD/TZS Average SpreadN/A
💵 Holding companyJust Global Markets Ltd.
✅ Offers Tanzanian Stocks and CFDsNo
✔️ Languages supported on the WebsiteEnglish, Spanish, Portuguese, French, Russian, Indonesian, Malaysian, Chinese (Simplified and Traditional), Lao, Vietnamese, Thai, Turkish, and more
💰 Deposit FeeNone
📱 Customer Support LanguagesMultilingual
✔️ Copy Trading SupportYes
👥 Customer Service Hours24/5
📞 Tanzanian-based customer support?No
💵 Bonuses and Promotions for Tanzanian TradersYes
📚 Education for Tanzania beginner tradersYes
📱 Proprietary trading softwareYes
🗣 Most Successful Tanzanian TraderUnknown
✅ Is JustMarkets a safe broker for Tanzanian Traders?Yes
✔️ Rating for JustMarkets Tanzania8/10
🥇 Trust score for JustMarkets49%
👉 Open An Account👉 Open Account

JustMarkets Regulation and Safety of Funds

justmarkets regulation

 

JustMarkets Regulation in Tanzania

👉 JustMarkets does not have any regulations or authorization in Tanzania through local authorities.

 

JustMarkets Global Regulations

👉 JustMarkets is the brand name of Just Global Markets Ltd., an entity that is registered in Seychelles. JustMarkets is regulated and overseen in the following ways:

➡️ Just Global Markets Ltd. is registered with and regulated by the Financial Services Authority (FSA) in Seychelles under license number SD088.

➡️ The Financial Services Authority (FSA) in the region supervises GM Group Limited, which has its headquarters in Saint Vincent and the Grenadines and is registered there with the registration number 23993.

➡️ In addition, GM Group Limited is established in Limassol, Cyprus. GMFT Services Ltd. functions as the payment agent on behalf of GM Group Limited.

 

JustMarkets Client Fund Security and Safety Features

👉 JustMarkets’s website is protected by SSL secure connections, which encrypt client information and data during transmission between the website and trading platform.

 

👉 JustMarkets has guaranteed that all its internal processes comply with the PCI Data Security Standards. JustMarkets ensures that client information is never lost by keeping many servers and a complex data-backup mechanism.

Overall Rating

Min Deposit

USD1

Regulators

FSA, CySec

Trading Desk

Metatrader 4

Crypto

Yes

Total Pairs

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

on JustMarkets’ website

JustMarkets Awards and Recognition

👉 There are no awards or recognition indicated on the official website of JustMarkets.

JustMarkets Account Types and Features

JustMarkets Review Account Types

👉 JustMarkets offers seven real accounts with varying minimum deposits for MT4 and MT5 trading. Five commission-free accounts include trading fees in variable spreads, while two accounts charge a fee per lot traded, allowing for a narrower spread.

 

👉 Standard Accounts have greater trading costs than Pro Accounts, which demand a bigger initial investment. The JustMarkets Standard Accounts are designed for new traders, while the Raw Spread and Pro accounts are for more experienced traders.

 

👉 Tanzanian traders have more flexibility with trading tactics than with other brokers. Hedging, scalping, netting, and copy trading are allowed on all accounts, and Islamic Swap-free accounts are given.

 

👉 There are 11 basic currencies: USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, and ZAR. However, the MT4 Standard Cent Account only uses US cents. MetaTrader 4 retail investor accounts are:

➡️ Standard Cent Account

➡️ Standard Account

➡️ Pro Account

➡️ Raw Spread Account

 

👉 The MetaTrader 5 retail accounts are:

➡️ Standard Account

➡️ Pro Account

➡️ Raw Spread Account

 

💻 Live Account📉 Minimum Dep.📊 Average Spread💸 Commissions💰 Average Trading Cost
➡️ MT4 Standard Cent2,300 TZS/1 USD0.9 pipsNone9 USD
➡️ MT4 Standard2,300 TZS/1 USD1 pipNone10 USD
➡️ MT4 Pro230,000 TZS or 100 USD0.6 pipsNone6 USD
➡️ MT4 Raw Spread230,000 TZS or 100 USD0.1 pips$6 per turn6 USD
➡️ MT5 Standard2,300 TZS/1 USD1 pipNone14 USD
➡️ MT5 Pro230,000 TZS or 100 USD0.6 pipsNone6 USD
➡️ MT5 Raw Spread230,000 TZS or 100 USD0.0 pips$6 per turn6 USD

 

JustMarkets Live Trading Accounts

MetaTrader 4 Standard Cent Account

JustMarkets Review MetaTrader4

👉 The JustMarkets Standard Cent account is a fantastic option of account to make if you want to enhance your abilities in managing money, and it is the perfect approach to practice managing risk.

 

👉 It is also an opportunity to feel all the emotions of trading with real cash but with fewer risks, and it is a good platform for testing the forex advisers utilizing the social trading feature.

 

👉 Additionally, the Standard Cent account gives you more time to become familiar with the trading conditions and customer care offered by JustMarkets.

 

Account FeatureValue
📉 Minimum Deposit2,300 Tanzanian Shilling equivalent to $1
💳 Account Base CurrencyUSC
📈 Maximum leverage up to 1:1000
💸 Commission chargesNone
🔄 Swap-free option?Yes
📊 Average spreads from0.9 pips
📉 Minimum order size0.01 cent lot
📈 Maximum order size1,000 cent lots
⬆️ Maximum orders100
📞 Margin Call40%
🛑 Stop-Out (%)20%
💻 Trade Execution MethodMarket Execution
💰 Pricing FormatFifth Decimal Pricing
📄 Contract Size1 lot = 1,000 base currency units
🔨 Trading Instruments Available• 37 Forex pairs
• 4 Metals
• 9 Indices
• 5 Cryptocurrency Pairs

 

MetaTrader 4 Standard Account

JustMarkets Review MetaTrader5

👉 There are no restrictions placed on the types of trading methods that may be utilized while utilizing the ordinary account. This account is typically used for trading on daily charts and intraday trading that is not as aggressive as other fast-paced trading strategies.

 

👉 All types of traders utilize the Standard Account, which is one of the entry-level accounts with the following core account characteristics:

Account FeatureValue
📉 Minimum Deposit2,300 Tanzanian Shilling equivalent to $1
💳 Account Base CurrencyUSD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR
📈 Maximum leverage up to 1:3000
💸 Commission chargesNone
🔄 Swap-free option?Yes
📊 Average spreads from1 pip
📉 Minimum order size0.01 cent lot
📈 Maximum order size100 lots
⬆️ Maximum ordersUnlimited
📞 Margin Call40%
🛑 Stop-Out (%)20%
💻 Trade Execution MethodMarket Execution
💰 Pricing FormatFifth Decimal Pricing
📄 Contract Size1 lot = 1,000 base currency units
🔨 Trading Instruments Available• 65 Forex pairs
• 8 Metals
• 9 Indices
• 5 Cryptocurrency Pairs

 

MetaTrader 4 Pro Account

justmarkets account type comparison

👉 The JustMarkets Pro account is intended for seasoned and professional financial market players. Pro accounts let traders employ any trading technique. The Pro account has tight spreads, high leverage, no commission fees, and limits on the amount and size of orders and positions.

 

Account FeatureValue
📉 Minimum Deposit230,000 Tanzanian Shilling equivalent to $100
💳 Account Base CurrencyUSD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR
📈 Maximum leverage up to 1:3000
💸 Commission chargesNone
🔄 Swap-free option?Yes
📊 Average spreads from0.6 pips
📉 Minimum order size0.01 cent lot
📈 Maximum order size100 lots
⬆️ Maximum ordersUnlimited
📞 Margin Call40%
🛑 Stop-Out (%)20%
💻 Trade Execution MethodMarket Execution
💰 Pricing FormatFifth Decimal Pricing
📄 Contract Size1 lot = 1,000 base currency units
🔨 Trading Instruments Available• 65 Forex pairs
• 8 Metals
• 11 Indices
• 2 Energies
• 7 Cryptocurrency Pairs
• 64 Shares
• 21 Futures

 

MetaTrader 4 Raw Spread Account

👉 Market players that favour intraday, frequent inputs and outputs in combination with work on short timeframes might benefit from the JustMarkets Raw Spread account. This account is designed for those market participants.

 

👉 Scalpers will find the most success with a Raw Spread account; although there is a cost for transactions, the spread begins at 0 pips and is constantly floating from there, making it lower than the spreads offered by other retail forex brokers.

 

Account FeatureValue
📉 Minimum Deposit230,000 Tanzanian Shilling equivalent to $100
💳 Account Base CurrencyUSD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR
📈 Maximum leverage up to 1:3000
💸 Commission charges3 units of the base currency per lot/per side
🔄 Swap-free option?Yes
📊 Average spreads from0.0 pips
📉 Minimum order size0.01 lot
📈 Maximum order size100 lots
⬆️ Maximum ordersUnlimited
📞 Margin Call40%
🛑 Stop-Out (%)20%
💻 Trade Execution MethodMarket Execution
💰 Pricing FormatFifth Decimal Pricing
📄 Contract Size1 lot = 100,000 base currency units
🔨 Trading Instruments Available• 65 Forex pairs
• 8 Metals
• 11 Indices
• 2 Energies
• 7 Cryptocurrency Pairs
• 64 Shares
• 21 Futures

 

MetaTrader 5 Standard Account

JustMarkets Standard

 

👉 This account is quite like the one that is offered by MetaTrader 4, with the primary exception being that Tanzanian traders get access to the more advanced and flexible MetaTrader 5 platform.

Account FeatureValue
📉 Minimum Deposit2,300 Tanzanian Shilling equivalent to $1
💳 Account Base CurrencyUSD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR
📈 Maximum leverage up to 1:3000
💸 Commission chargesNone
🔄 Swap-free option?Yes
📊 Average spreads from1 pip
📉 Minimum order size0.01 lot
📈 Maximum order size100 lots
⬆️ Maximum ordersUnlimited
📞 Margin Call40%
🛑 Stop-Out (%)20%
💻 Trade Execution MethodMarket Execution
💰 Pricing FormatFifth Decimal Pricing
📄 Contract Size1 lot = 100,000 base currency units
🔨 Trading Instruments Available• 65 Forex pairs
• 8 Metals
• 9 Indices
• 5 Cryptocurrency Pairs

 

MetaTrader 5 Pro Account

JustMarkets pro

 

👉 The MetaTrader 5 Professional Account gives experienced traders access to a range of additional features and tools that may be leveraged to give their trading advantage over the trading of other traders. These features and tools can be found under the account’s Professional tab.

Account FeatureValue
📉 Minimum Deposit230,000 Tanzanian Shilling equivalent to $100
💳 Account Base CurrencyUSD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR
📈 Maximum leverage up to 1:3000
💸 Commission chargesNone
🔄 Swap-free option?Yes
📊 Average spreads from0.6 pips
📉 Minimum order size0.01 lot
📈 Maximum order size100 lots
⬆️ Maximum ordersUnlimited
📞 Margin Call40%
🛑 Stop-Out (%)20%
💻 Trade Execution MethodMarket Execution
💰 Pricing FormatFifth Decimal Pricing
📄 Contract Size1 lot = 100,000 base currency units
🔨 Trading Instruments Available• 65 Forex pairs
• 8 Metals
• 11 Indices
• 2 Energies
• 7 Cryptocurrency Pairs
• 64 Shares
• 21 Futures

 

MetaTrader 5 Raw Spread Account

JustMarkets Raw Spread

 

👉 Traders using MetaTrader 5 in Tanzania will discover that the trading conditions offered by this account are among the best that are currently accessible in a market that is both highly competitive and extremely fast-moving.

Account FeatureValue
📉 Minimum Deposit230,000 Tanzanian Shilling equivalent to $100
💳 Account Base CurrencyUSD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR
📈 Maximum leverage up to 1:3000
💸 Commission chargesNone
🔄 Swap-free option?Yes
📊 Average spreads from0.0 pips
📉 Minimum order size0.01 lot
📈 Maximum order size100 lots
⬆️ Maximum ordersUnlimited
📞 Margin Call40%
🛑 Stop-Out (%)20%
💻 Trade Execution MethodMarket Execution
💰 Pricing FormatFifth Decimal Pricing
📄 Contract Size1 lot = 100,000 base currency units
🔨 Trading Instruments Available• 65 Forex pairs
• 8 Metals
• 11 Indices
• 2 Energies
• 7 Cryptocurrency Pairs
• 64 Shares
• 21 Futures

 

JustMarkets Base Account Currencies

👉 When Tanzanians register a live trading account with JustMarkets, they can choose from the following set base account currencies that are accepted:

➡️ USD

➡️ EUR

➡️ GBP

➡️ JPY

➡️ MYR

➡️ IDR

➡️ THB

➡️ VND

➡️ KWD

➡️ CNY

➡️ ZAR

 

JustMarkets Demo Account

JustMarkets Demo Account

👉 A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital. 

 

👉 Clients of JustMarkets can join and sign up for a free demo account, which makes it possible to begin trading with virtual money immediately after registering.

 

👉 It provides customers with access to the foreign exchange market as well as the contracts for different markets, both of which may be traded in real-time and under genuine market circumstances, but there is no danger of losing real money on a forex trading order.

 

JustMarkets Islamic Account

JustMarkets Islamic Account

👉 Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.

 

👉 This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.

 

👉 Islamic trading accounts allow Muslims to trade financial products online while still adhering to Sharia law. You can register for a JustMarkets Islamic account once you have verified and funded your live trading account.

 

👉 Once you have applied for an account conversion, the request will be forwarded to the relevant department for review and approval, with JustMarkets having the right to approve or refuse an application without additional reason. Muslim traders should note that requests are normally processed within one to two business days.

How to open an Account with JustMarkets in Tanzania

JustMarkets Open An Account

👉 To register an account with JustMarkets, Tanzanian Traders can follow these steps:

➡️ Go to the JustMarkets website and click on the “Registration” link to begin the process of establishing an account. When the page has loaded, you will be asked to enter your name, email address, and password.

➡️ The next stage for traders is to create a profile with personal information such as their name, date of birth, and phone number.

➡️ Next, traders can verify the trading account by providing proof of their identity, residential address, and their credit/debit card to ensure that the individual is who they say they are, as per Anti-money Laundering (AML) procedures. The name on the documents must match the name in which the trader registered their trading account.

JustMarkets Vs Forex.com Vs eToro – Broker Comparison

🥇 JustMarkets🥈 Forex.com🥉 eToro
📱 Trading PlatformFSANFA, CFTC, FCA, ASIC, FSA, IIROC, CIMA, SFC, MASCySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, SIPC,
💵 Withdrawal Fee• MetaTrader 5
• MetaTrader 4
• JustMarkets App
• MetaTrader 4
• MetaTrader 5
• FOREX.com Platform
eToro proprietary platform
💻 Demo AccountNoNoYes
💸 Min DepositYesYesYes
📉 Leverage230,000 TZS230,000 TZS460,000 TZS
📊 SpreadUp to 1:3000Up to 1:400• 1:30 (Retail)
• 1:400 (Professional)
💰 CommissionsFrom 0.0 pipsFrom 0.3 EUR/USDFrom 1 pip
🛑 Margin Call/Stop-Out40%/20%100%/50%None indicated
📱 Order ExecutionMarketMarketMarket/Instant
✔️ No-Deposit BonusYesNoNone
💵 Cent AccountsYesNoNo
💻 Account TypesNoNo• Brokerage Account
• Cash Management Account
• Brokerage and Cash Management
• The Fidelity Account for Businesses
• Fidelity Go, and several others
⚖️ BoT Regulation• MetaTrader 4 Standard Cent Account
• MetaTrader 4 Standard Account
• MetaTrader 4 Pro Account
• MetaTrader 4 Raw Spread Account
• MetaTrader 5 Standard Account
• MetaTrader 5 Pro Account
• MetaTrader 5 Raw Spread Account
• Standard Account
• Commission Account
• DMA Account
• Retail Account
• Professional Account
💰 TZS DepositsNoNoNo
✔️ Tanzanian Shilling AccountYesNoNo
📞 Customer Service Hours24/524/524/6
🛍 Retail Investor Accounts731
☪️ Islamic AccountYesYesYes
💵 Minimum Trade Size0.01 lots0.01 lots (100k on DMA Account)0.01 lots
📈 Maximum Trade Size100 lotsDepends on available fundsDepends on the instrument
📉 Minimum Withdrawal TimeInstantInstantDepends on the account balance
💸 Maximum Estimated Withdrawal Time10 bank daysBetween 1 to 2 working daysInstant
💰 Instant Deposits and Instant Withdrawals?YesYesUp to 10 Working Days

Overall Rating

Min Deposit

USD1

Regulators

FSA, CySec

Trading Desk

Metatrader 4

Crypto

Yes

Total Pairs

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

on JustMarkets’ website

JustMarkets Trading Platforms

JustMarkets Review Live Trading Accounts

👉 JustMarkets offers Tanzanian Traders a choice between these trading platforms:

➡️ MetaTrader 4

➡️ MetaTrader 5

➡️ JustMarkets App

 

Desktop Platforms

JustMarkets mt5 for pc

 

➡️ MetaTrader 4

➡️ MetaTrader 5

 

MetaTrader 4

👉 MetaTrader 4, was created by MetaQuotes and even though MetaTrader 5 is an enhanced version of MetaTrader 4, MetaTrader 4 continues to be the most used platform.

 

👉 The fact that MetaTrader 5, which was introduced a few years later than MetaTrader 4, is incompatible with the hundreds of trading systems designed exclusively for MetaTrader 4 is one of the key reasons why MetaTrader 4 has become so popular.

 

👉 Among the several features MT4 offers are the following:

➡️ A large variety of analytical tools and graphical tools

➡️ 9 timeframes that can be applied to charts

➡️ Algorithmic trading using EAs, and more.

 

MetaTrader 5

👉 MetaTrader 5 is a professional trading platform noted for its comprehensive features in the areas of trading, analysis, and charting. MetaTrader 5 is an extremely rapid, flexible, and adaptable trading platform that is suitable for a wide range of trading methods.

 

👉 Following is a list of some of MetaTrader 5’s most prominent features:

➡️ Advanced charting capabilities for a vast array of markets

➡️ 21 unique timeframes that are selectable on charts

➡️ A variety of order types, including pending orders, limit orders, and more

➡️ Algorithmic trading with the support of EAs

➡️ Integrated depth of market

➡️ A comprehensive economic calendar

➡️ Thorough crypto analysis

➡️ Fundamental summaries

➡️ Virtual Private Server hosting

➡️ Widgets that may be used in conjunction with a market-depth study

➡️ An improved array of charting options, as well as other enhancements

 

WebTrader Platforms

JustMarkets MT4 and MT5

 

➡️ MetaTrader 4 and 5

 

MetaTrader 4 and 5

👉 The most fundamental version of the MT4 or MT5 trading platform is available to traders. It gives in-depth instruction on how to use MT4, which is a great feature and positions it just beneath the first description of the trading platform.

 

👉 Unfortunately, JustMarkets does not permit the use of any third-party add-ons while upgrading trading platforms. MQL5 Signal Trading’s MT4 and MT5 versions provide social trading.

 

👉 Even though the MT4 trading platform is currently the best option at JustMarkets, the MT5 platform is also available, indicating that JustMarkets has continued to invest in its infrastructure.

 

Trading App

justmarkets trading app

➡️ MetaTrader 4 and 5

➡️ JustMarkets App

 

MetaTrader 4 and 5

👉 With a few exceptions, the MetaTrader mobile application provides the same access to global financial markets as the regular desktop interface. Mobile trading on MetaTrader 4 and 5 provides Tanzanian traders with the ability to trade from anywhere at any time.

 

👉 With the MetaTrader applications for Android and iOS, offline trading is also available, therefore conserving bandwidth. Many traders find the MetaTrader mobile app to be a useful complement to the desktop version.

 

JustMarkets App

👉 All features accessible on the desktop version of the JustMarkets website are available on the mobile application as well. The application gives Tanzanian traders a simple graphical user interface for viewing statistics, validating their accounts, and controlling withdrawals.

JustMarkets Range of Markets

JustMarkets Review Range of Markets

👉 Tanzanian Traders can expect the following range of markets from JustMarkets:

➡️ 65 Forex pairs

➡️ 8 Metals

➡️ 11 Indices

➡️ 2 Energies

➡️ 7 Cryptocurrency Pairs

➡️ 64 Shares

➡️ 21 Futures

 

Financial Instruments and Leverage offered by JustMarkets

🔨 Instrument✔️ Number of Assets Offered📈 Max Leverage Offered
➡️ Forex651:3000
➡️ Commodities101:100
➡️ Indices111:200
➡️ Stocks 631:20
➡️ Cryptocurrency71:10
➡️ Futures231:50

Broker Comparison for Range of Markets

🥇 JustMarkets🥈 FOREX.com🥉 eToro
➡️️​ ForexYesYesYes
➡️️​ Precious MetalsYesYesYes
➡️️​ ETFsNoNoYes
➡️️​ CFDsYesYesYes
➡️️​ IndicesYesYesYes
➡️️​ StocksYesYesYes
➡️️​ CryptocurrencyYesYesYes
➡️️​ OptionsNoNoNo
➡️️​ EnergiesYesYesYes
➡️️​ BondsNoNoNo

JustMarkets Trading and Non-Trading Fees

Spreads

JustMarkets Review Spreads

👉 The minimal spreads that traders may expect to get from JustMarkets depend on the account type, the financial instrument being traded, and the overall market circumstances on the trading day.

 

👉 When participating in financial instrument trading with JustMarkets, traders may expect these considerations. Even if the competitive spreads supplied by JustMarkets are not the lowest on the market, they are lower than the industry standard.

 

👉 The following is a list of the most frequent minimum spreads, categorized according to the various account types:

➡️ MetaTrader 4 Standard Cent Account – 0.9 pips

➡️ MetaTrader 4 Standard Account – 1 pips

➡️ MetaTrader 4 Pro Account – 0.6 pips

➡️ MetaTrader 4 Raw Spread Account – 0.0 pips

➡️ MetaTrader 5 Standard Account – 1 pip

➡️ MetaTrader 5 Pro Account – 0.6 pips

➡️ MetaTrader 5 Raw Spread Account – 0.0 pips

 

👉 Tanzanian traders can expect some of the following averages spreads:

📈 MetaTrader 5 Standard💻 MetaTrader 5 Pro📊 MetaTrader 5 Raw Spread📈 MetaTrader 4 Standard💻 MetaTrader 4 Pro📊 MetaTrader 4 Raw Spread
Forex1 pip0.6 pips0.0 pips0.9 pips0.6 pips0.0 pips
Metals2.5 pips2.2 pips1 pip2.5 pips2 pips1 pip
Indices2.5 pips1 pip1 pip2.5 pips1 pip1 pip
Energies2 pips2 pips2 pips2 pips
Crypto20 pips0.0 pips0.0 pips0.0 pips0.0 pips
AAPL10 pips10 pips11 pips10 pips10 pips
Futures0.1 pips0.1 pips0.1 pips

 

Commissions

JustMarkets Review Commissions

👉 JustMarkets applies commissions to the following types of accounts:

➡️ MetaTrader 4 Raw Spread Account – 3 units of the base currency per lot/per side

➡️ MetaTrader 5 Raw Spread Account – 3 units of the base currency per lot/per side

 

Overnight Fees, Rollovers, or Swaps

JustMarkets Review Overnight Fees

👉 When Tanzanian traders maintain open positions for more than 24 hours, they incur overnight charges.

 

👉 These charges are set in a method that is unique to each broker, although they are proportional to the size of the trader’s position, the financial instrument involved, and the trader’s long or short position.

 

Deposit and Withdrawal Fees

Justmarkets fees

👉 There are fees connected with each cryptocurrency deposit method, but there are none related to cryptocurrency withdrawals. When Tanzanian traders remove funds from their trading accounts, their payment provider may charge them processing costs.

 

👉 The 2% deposit fee applies to the following cryptocurrencies:

➡️ Bitcoin (BTC)

➡️ Bitcoin Cash (BCH)

➡️ Ethereum (ETH)

➡️ Gemini (GUSD)

➡️ USD Coin (USDC)

 

Inactivity Fees

👉 If a live trading account is inactive for more than 150 days, a $5 inactivity fee will be assessed. This sum will be withdrawn from the account each month it remains inactive until the account balance reaches zero, at which point it will be automatically canceled.

 

Currency Conversion Fees

👉 If Tanzanian traders deposit or withdraw funds in any currency other than the accepted account currencies, they can expect currency conversion fees.

Overall Rating

Min Deposit

USD1

Regulators

FSA, CySec

Trading Desk

Metatrader 4

Crypto

Yes

Total Pairs

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

on JustMarkets’ website

JustMarkets Deposits and Withdrawals

JustMarkets Review Deposit And Withdrawal

👉 JustMarkets offers the following deposit and withdrawal methods:

➡️ Debit Card

➡️ Credit Card

➡️ China UnionPay

➡️ Skrill

➡️ Neteller

➡️ Perfect Money

➡️ Sticpay

➡️ AirTM

➡️ Bitcoin

➡️ Bitcoin Cash

➡️ Ethereum

➡️ Tether

➡️ USD Coin

➡️ Local Bank Transfers, Cards, Mobile Money

➡️ Local Wallets and worldwide wallets

 

Broker Comparison: Deposit and Withdrawals

🥇 JustMarkets🥈 Forex.com🥉 eToro
Minimum Withdrawal TimeInstantInstantDepends on the account balance
Maximum Estimated Withdrawal Time10 bank daysBetween 1 to 2 working daysInstant
Instant Deposits and Instant Withdrawals?YesYesUp to 10 Working Days

 

JustMarkets Deposit Currencies, Minimum and Maximum Deposit and Withdrawal Amounts

💵 Payment Method💰 Deposit Currencies🔄 Deposit Processing💸 Withdrawal Processing⬆️ Max Deposit⬇️ Min Withdrawal💰 Max Withdrawal
Debit CardEUR, USDInstant4 to 10 days10,000 USD5 EUR, USD5,000 EUR, USD
Credit CardEUR, USDInstant4 to 10 days10,000 USD5 EUR, USD5,000 EUR, USD
China UnionPayEUR, USDInstant10,000 USD
SkrillEUR, USDInstantInstant1 EUR, USDNone
NetellerEUR, USD, GBP, ZAR, CNY, MYR, JPY, AED, AUD, BRL, CAD, CHF, COP, INR, KRW, MXN, NGN, RUB, SGD, TWDInstantInstant1 EUR, USD8,500 EUR
10,000 USD
Perfect MoneyEUR, USDInstantInstant1 EUR, USDNone
SticpayEUR, USD, JPY, KRW, CNY, PHP, AED, AUD, CAD, CHF, CLP, GBP, HKD, IDR, INR, MXN, MYR, NZD, RUB, SGD, THB, VNDInstantInstant5 USDNone
AirTMUSD1 – 3 hoursInstant2,500 USD1 USD2,500 USD
BitcoinBTC1 – 3 hours1 – 2 hours0.0015 BTCNone
Bitcoin CashBCH1 – 3 hours1 – 2 hours0.05 BCHNone
EthereumETH1 – 2 hours0.06 ETHNone
Tether1 – 3 hours10 USDTNone
USD CoinUSDInstant up to 1 day1 – 2 hours10 USDCNone
Local Bank Transfers, Cards, Mobile MoneyMYR, IDR, THB, VND, PHP, NGN, ZAR, UGX, KES, RWF, GHS, XAF, TZS, EUR, USD, COP, BRLInstantInstant up to 3 days800 USD to 15,000 USD50 MYR
200,000 IDR
500 THB
300,000 VND
2,500 PHP
2,000 NGN
50 ZAR
5,000 UGX
500 KES
3,000 RWF
10 GHS
3,000 XAF
2,000 MXN
76,750 CLP
530 BRL
50,000 MYR
200,000,000 IDR
500,000 THB
300,000,000 VND
140,000 PHP
800,000 NGN
250,000 ZAR
500,000 UGX
70,000 KES
2,000,000 RWF
2,000 GHS
3,000,000 XAF
Local Wallets and worldwide walletsUSD, IDR, VND, JPY, EUR, USDInstantInstant4,200 USD10,000 IDR
1 USD
20,000 VND
100 JPY
1 EUR
1 USD
250,000,000 IDR
25,000 VND

How to Deposit Funds with JustMarkets

Justmarkets deposit and withdrawal

 

👉 To deposit funds to an account with JustMarkets, Tanzanian Traders can follow these steps:

➡️ Traders in Tanzania can access the JustMarkets Back Office by logging in using their credentials.

➡️ Once inside, traders may pick “Deposit” and complete the required fields.

➡️ Traders may view the details of their deposit once it has been processed, and then click the “Deposit” button to finalize the transaction.

JustMarkets Fund Withdrawal Process

justmarkets deposits and withdrawals

 

👉 To withdraw funds from an account with JustMarkets, Tanzanian Traders can follow these steps:

➡️ Traders can withdraw funds by login into their client area on the JustMarkets website and selecting the suitable option.

➡️ Traders may select their preferred payment method (which must be the same way used to fund the account), the withdrawal amount, and any other pertinent information from this page.

JustMarkets Education and Research

Justmarkets research

 

Education

👉 JustMarkets offers the following Educational Materials:

➡️ Quick Start

➡️ Online Training Webinars

➡️ Bookings for future webinars

➡️ Forex Articles

➡️ Forex Glossary

➡️ Educational Videos

➡️ Currencies

 

👉 Regarding Forex Articles, the JustMarkets website provides more than 55 forex trading articles. The papers expose newbies to forex trading, terminology, correct trading procedures, and money management strategies.

 

👉 JustMarkets also provides a complete dictionary with detailed definitions of over 70 forex/CFD trading terms. This may help users become familiar with some of the most often used trading terms.

 

👉 In addition, JustMarkets offers a total of 5 trading films that instruct traders on how to utilize some of the more complex aspects of the MetaTrader platform, including:

➡️ Choosing a trade signal on the MT4 or MT5 platform

➡️ Acquiring trading robots or signals on the MetaTrader Market

➡️ Creating expert advisors without needing any prior coding experience

 

Research and Trading Tool Comparison

🥇 JustMarkets🥈 Forex.com🥉 eToro
Economic CalendarYesYesNo
VPSYesYesNo
AutoChartistNoYesNo
Trading ViewNoYesYes
Trading CentralNoYesNo
Market AnalysisYesYesYes
News FeedYesYesYes
BlogYesYesYes

 

👉 JustMarkets offers Tanzania Traders the following Research and Trading Tools:

➡️ Market Overview

➡️ Daily Forecasts

➡️ Market News

 

👉 In addition, JustMarkets also offers the following tools:

➡️ MAM Accounts

➡️ Social/Copy Trading

➡️ VPS

➡️ Economic Calendar

 

MAM

👉 MAM is a solution for JustMarkets money managers who want to trade on behalf of investors, as well as investors who want to permit money managers to trade on their behalf. JustMarkets offers Multi Account Manager (MAM) software that enables money managers to manage and trade many accounts simultaneously.

 

Social Trading

👉 Using its MT4 trading platform, JustMarkets enables social trading. Social trading enables traders to mimic the transactions and strategies of other experienced traders on their trading accounts. Signal providers are the professionals who are evaluated according to their performance histories.

 

VPS

👉 A virtual private server (VPS) is a powerful virtual computer that may be used to run your trading platforms around the clock, seven days a week. This is typically required by traders who demand a consistent connection to trading servers.

👉 EA users, social trading investors, and traders who use other advanced trading methods typically demand VPS. They are commonly regarded as readily available, trustworthy, and incredibly fast. Furthermore, numerous manufacturers provide VPS subscriptions via the MetaTrader platforms.

 

Economic Calendar

👉 This app lists hundreds of upcoming economic events from over 50 different countries. The importance of these events is classified as low, medium, or high. The analyst consensus and past impact are both presented as percentages.

👉 When you click on an event, you will be taken to a detailed analysis and chart. JustMarkets’s economic calendar has the advantage of being customizable to the traders’ preferences.

JustMarkets Bonuses and Promotions

JustMarkets Review Bonuses

👉 JustMarkets offers Tanzanian Traders the following bonuses and promotions:

➡️ Welcome Bonus or No-Deposit Bonus

➡️ 120% Deposit Bonus up to $40,000

➡️ Referral bonus and program

➡️ 0% Fees on deposits and withdrawals

How to open an Affiliate Account with JustMarkets

JustMarkets Review Affiliate Program

👉 To register an Affiliate Account, Tanzanian Traders can follow these steps:

 

➡️ Navigate to the official JustMarkets website and hover over the “Partnerships” option at the top of the page.

 

➡️ From the drop-down option, select “Affiliates.”

 

➡️ Prospective affiliates can review the information provided by JustMarkets and choose their preferred affiliate program from “Revenue Share” or “CPA” by clicking “Become partner” beneath the relevant option.

 

➡️ Tanzanians may create an affiliate account by completing a simple registration form with their country of residence, email address, and a password of their choosing. Finally, before choosing “Become a partner,” Tanzanians must confirm that they are not a US resident and that they have read and agreed to the Client Agreement and the Introducing Broker Agreement. Throughout this time, current JustMarkets clients can use the “Log In” option to log in to their existing account, from which they can apply as an affiliate.

 

➡️ Affiliates will receive news that their IB Account has been created after registering.

 

➡️ From this page, the new affiliate may access their advertising materials as well as any other aspects of their affiliate program.

 

JustMarkets Affiliate Program Features

JustMarkets Revenue Share

 

👉 The affiliate program offered by JustMarkets enables partners to earn an infinite commission, set up their own network, and pick a personalized scheme that will provide the partner with more from the traffic that they send.

 

👉 The JustMarkets Affiliate Programs were developed by partners, for partners, as per the needs and goals of each individual affiliate.

Overall Rating

Min Deposit

USD1

Regulators

FSA, CySec

Trading Desk

Metatrader 4

Crypto

Yes

Total Pairs

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

on JustMarkets’ website

JustMarkets Customer Support

👉 JustMarkets offers dedicated customer support with typical operating hours in all languages except English, which is available 24/7.

Customer SupportJustMarkets’s Customer Support
⏰ Operating Hours24/5 for all languages except English, which is offered 24/7
🗣 Support LanguagesEnglish, Malaysian, Russian, Chinese, Indonesian
💭 Live ChatYes
💻 Email AddressYes
☎️ Telephonic SupportYes
📞 Local Support in Tanzania?No
🥇 Overall quality of JustMarkets Support3.5/5

JustMarkets Corporate Social Responsibility

👉 There is no information available currently about the Corporate Social Responsibility programs or projects that JustMarkets is working on.

Our Verdict on JustMarkets

👉 The trading interface provided by JustMarkets is simple enough for both new and seasoned traders to use. Traders can choose from several account types and a demo trading account and Islamic swap-free accounts are also available.

 

👉 Forex VPS services and social trading may also be obtained via the MetaTrader Signals area of the MetaTrader. You can trade on the well-known MetaTrader 4 and MetaTrader 5 trading platforms on your PC or mobile trading app, whether you are a beginner or a seasoned trader.

 

👉 All traders can take advantage of JustMarkets’s 24-hour, seven-day-a-week, multilingual customer assistance. To top it all off, information and resources are abundantly available for anyone interested in learning more about the subject matter.

JustMarkets Pros and Cons

✔️ Pros❌ Cons
JustMarkets offers several commission-free account typesThere is no TZS-denominated trading account offered to Tanzanian traders
There is a maximum leverage ratio of up to 1:3000There is an inactivity fee applied by JustMarkets when accounts go dormant after 150 days of inactivity
JustMarkets offers educational materials and research options to tradersThere are deposit fees applied to crypto payments made by Tanzanians
Tanzanian traders have access to a demo account and Muslim traders can convert their live trading account to an Islamic accountThere is a limited range of tradable instruments
MetaTrader 4 and MetaTrader 5 are both offered along with the JustMarkets app
Eligible clients are given access to VPS and several other advanced tools
There is a standalone economic calendar offered and a comprehensive market analysis
Tanzanian traders can expect competitive trading conditions on all account options

FAQ

Is JustMarkets regulated?

Yes, JustMarkets is regulated by the Financial Services Authority, the official market regulator in Seychelles that oversees the derivatives market.

 

Who owns JustMarkets?

JustMarkets is a trademark of IPC Trade Inc., which provides online trading services on the Forex market and the chance for traders with varying levels of trading expertise to earn a living by trading financial products.

 

Is JustMarkets registered?

Yes, JustMarkets is registered through Just Global Markets Limited, a firm that is based in Seychelles.

 

How do I withdraw my bonus from JustMarkets?

Once you have received a promo code, you can start trading to fulfil the requirement for withdrawal. Once you start making profits, you can withdraw these funds. To withdraw the bonus, it is necessary to place orders with a total volume of 2.5 lots.

 

What is the JustMarkets Pro Account?

The Professional Account is an ECN-based account that caters specifically to expert Tanzanian traders by giving them the best possible trading conditions and additional features.

 

Is JustMarkets safe or a scam?

JustMarkets is not a scam broker. However, because JustMarkets only has regulation and authorization from a single Tier-3 regulator, it gives JustMarkets a very low trust score, making it risky to deal with the broker.

 

Does JustMarkets have Nasdaq?

Yes, JustMarkets facilitates CFD trading on the NASDAQ 100 technology stock index.

The NASDAQ Composite Index is the world’s most influential large-cap growth index. The Index consists of 100 domestic and international mega-companies listed on the flagship index, the NASDAQ, often known as US Tech100.

 

What is the withdrawal time for JustMarkets?

When you use electronic payment gateways, withdrawals can be instant while using other methods such as credit or debit cards can take up to 10 days.

 

Does JustMarkets have Volatility 75?

No, JustMarkets does not currently offer VIX as part of its Indices CFD instrument portfolio.

Conclusion

👉 Now it is your turn to participate:

➡️ Do you have any prior experience with JustMarkets?

➡️ What was the determining factor in your decision to engage with JustMarkets?

➡️ Was it because of the minimum deposit, regulation, retail trading accounts, or any other factors?

➡️ Have you experienced any issues with JustMarkets such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?

 

👉 Regardless, please share your thoughts in the comments below.

Rate this article.

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