Forex Brokers in South Africa
Just Forex has gained a powerful profile and seems to supply clients high-quality services, the steadiness of labor , and trading conditions with a spread of products.
Just Forex provides a good choice of accounts and conditions, hence any traders with experience also can find that which is best suited for his or her trading strategy.
To make the method of trading easier Just Forex also provides unique analytical materials to be used by traders. These are all published on the official website and are available to visitors absolutely free.
In addition, Just Forex offers an excellent choice of popular payment methods, many available financial instruments, tight spreads, no limits on trading strategies, and beneficial partner programs.
SAFE OR SCAM?
One of the simplest means of determining the security of a broker like Just Forex, is to determine which regulating authorities are watchdogs over its actions.
Just Forex operates under the financial services authority (FSA) from St. Vincent’s and therefore the Grenadines.
In a quest to take care of knowledgeable relationship with its many purchasers , Just Forex strives to uphold the safety and safety of clients’ funds.
Measures to try to to this include segregated bank accounts to separate clients’ funds from the company’s operational funds and offering liquidity protection by 18 credible banks to safeguard those funds just in case of asset liquidation.
Just Forex may be a member of a compensation scheme which will substitute to assist just in case of liquidation.
Just Forex has managed to grow and gain experience to supply exactly what clients want, helping the corporate to grow into a worldwide brand with a presence in most countries worldwide.
Just Forex not only offers its services compliant to regulations within the regions during which it operates, but its team is additionally highly qualified and dedicated to offering the simplest services to its many purchasers .
1. wide selection of payment methods 1. US traders aren’t accepted
2. Tight spreads 2. Not FCA Regulated
3. Low minimum deposit 3. Only offshore regulation
4. Qualified support team 4. No MetaTrader MAC version
5. employed by over 10 000 traders
6. Regulated by FSA
7. wide selection of asset classes
8. Forex ECN trading available
9. Commission-free trading accounts.
Leverage is that the facility that permits you to urge a way larger exposure to the market you’re trading than the quantity you deposited to open the trade. Leveraged products, like forex trading, magnify your potential profit – but also increase your potential loss.
Leverage is expressed as a ratio, as an example , 50:1, 100:1, or 500:1. Assuming that you simply have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate to 500:1.
Margin is that the amount of collateral to hide any credit risks which will arise during your operations . it’s expressed because the percentage of position size (e.g. 5% or 1%), and you’ve got to possess funds in your trading account to make sure sufficient margin.
For example, on a tenth margin, an edge of $1,000,000 would require a deposit of $10,000. The margin level during a trading account must be equal or quite 100% to be ready to open new trades, otherwise, your trading account are going to be fully hedged.
The maximum leverage offered by Just Forex is 1:3000.
A forex account at Just Forex may be a trading account that you simply will hold which will work similarly to your checking account , but with the difference that it’s primarily issued with the aim of trading on currencies.
Forex Islamic accounts also are referred to as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against the Islamic faith.
Often, the amount and sort of accounts that a trader can open with a broker company differ counting on the country during which it operates and therefore the regulatory authorities under whose jurisdiction it falls.
In the case of Just Forex, they provide various account types for his or her clients with adjusted account currencies, leverages, spreads, commissions, and other benefits.
Just Forex Demo Account
This is an account designed for the requirements of beginners and newbies and allows new clients to find out the fundamentals of trading also as provide tutorials in sort of simulations. the sole difference is that the client uses virtual take advantage the execution of trades.
Just Forex Standard Cent Account
This has been designed for brand spanking new clients who have little or no experience, or small-scale traders since it operates using cents as its base currencies and allows inexperienced traders to trade without great risk.
Just Forex Standard Account
This is designed to suit traders who want to deposit and trade any amount. The minimum deposit is simply 1 USD, there are not any commissions charged and much of trading instruments are often used.
Just Forex Raw Spread Account
This is meant for knowledgeable traders preferring intraday, frequent inputs, and outputs, and short working time frames. it’s best for scalpers. The minimum deposit is $100.
Just Forex Pro Account
Pro account is meant for knowledgeable and professional participants of monetary markets. Traders can use any sort of trading on Pro accounts.
Just Forex Islamic Account
This has been designed in accordance to the Islamic shariah that prohibits swaps.
Clients of Just Forex may access a particular number of assets counting on the account they’re subscribed to, but generally , Just Forex offers over 140 instruments composed of the following:
- Currencies – you’ll access around 60 forex currency pairs including majors and exotics.
- Commodities – investing in Brent petroleum , WTI light petroleum , and spot metals like gold, silver, platinum, and palladium.
- Indices – you’ll trade on popular global indices like US30, US100, US500, UK100, and DE30.
- Shares – There are over 60 stocks that you simply can invest on like Apple, Facebook, Coca-Cola,
- Microsoft, Netflix, Twitter, Amazon, and Alibaba.
- Crypto – Cryptocurrency trading like Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dashcoin, Ripple, and EOS.
DEPOSIT AND WITHDRAWAL
Making a deposit with Just Forex is fast and straightforward and it won’t require much time.
The majority of the methods don’t incur any fees. Their processing times are mostly quick, with just some that would take up to 5 banking days.
Just Forex allows a minimum deposit of $1 once you open a typical Cent or Standard trading account and if you would like to trade on a professional or Raw Spread account, you’ll got to deposit $100.
If the currency of your deposit differs from the account currency, your deposit are going to be converted at the Just Forex internal rates.
There also are multiple ways to withdraw funds with the overall time interval for many withdrawals taking around 1 to 2 hours.
Once your withdrawal has been approved and released, the time it takes for the funds to be credited to your account may vary, however, since it depends on the payment method you used.
A forex trading platform is in essence the software provided by Just Forex to its clients to hold out their trades.
A multi-asset trading platform is one that permits clients to trade forex but other asset classes, including CFDs on stocks, stock indices, precious metals, and cryptocurrencies also .
The decision about which platform to settle on will always depend upon what a client would really like to trade.
Just Forex offers the MetaTrader4 and MetaTrader5 platform with which you’ll trade on various financial instruments and do account monitoring and marketing research .
The platform are often accessed on various devices – on PCs, a web-based version, and mobile applications for iOS and Android devices.
HOW TO OPEN AN ACCOUNT
The Just Forex review process of opening a replacement account is fully digital, hassle-free, and fast.
Similarly to a bank, if you would like to register a forex trading account with Just Forex for the primary time, you’ll be required to travel through a basic “know your customer” process.
This will allow Just Forex to form sure that your submitted personal details are correct and therefore the safety of your funds and your account details are ensured.
After the initial registration, you’ll normally be emailed your login details which will correspond to a login on a trading platform matching your sort of account.
It takes but a moment to finish the initial sign-up stage where you’ve got to provide details like your first and surname , citizenship, email address, and mobile number and choose a password.
New traders can open a demo account or live Just Forex account to start out trading.
After completing the registration process, you’ll be taken to an summary page of your account where you’ll click on the “New Demo Account” button, where you’ll further be given an account number which can also function your demo account username.
Potential traders got to confirm the broker they choose will offer support whenever they’ll need it, so as to assist customers easily find the precise answers to their questions and offer them the simplest user experience.
In the case of Just Forex, customer support is out there 24/7. Customer support is obtainable in English, Indonesian, Malaysian, and Chinese 24 hours each day , 7 days every week through Live Chat, Phone, Email, and messenger apps like Telegram, WhatsApp, Skype, and more