JustMarkets Nigeria Review 2024 - JustMarkets Broker Nigeria

JustMarkets broker (Formly known as JustForex), founded in 2012 and regulated by CySEC of Cyprus, VFSC of Vanuatu, and FSA of Seychelles, has served millions of clients from 197 countries and is committed to providing reliable and professional services.

At JustMarkets Nigeria, using Standard Cent, Standard, Pro, and Raw Spread accounts, traders can start their trading journey by making a deposit of 1 USD. They can trade in more than 170 trading instruments, from Forex, metals, indices, energies, shares, futures, to cryptocurrencies. To ensure that their clients have the best trading experience, JustMarkets Nigeria offers outstanding trading conditions such as floating spread from 0 pip, leverage up to 1:3000, low to no commission, and fast order execution time from 0.01 seconds in two of the most popular trading platforms, MT4 and MT5.

To deposit and withdraw funds, traders do not need to worry as JustMarkets Nigeria offers a plethora of choices, including international credit cards, e-wallets, local bank cards/cards/mobile money, local wallets, and cryptocurrencies. Moreover, there is a 0% fee on all deposits and withdrawals.

Various programs and promotions are also offered, including welcome and deposit bonuses. Traders who want to level up their knowledge can also make use of JustMarkets webinars, articles, glossary, and educational videos. They can utilize beneficial trading tools, such as market news, economic calendar, and VPS as well.

Furthermore, this broker can be accessed in 18 languages, the customer support is ready to help 24/7 via email, call, callback request, live chat, messengers (Telegram, Messenger, WhatsApp, Viber, and Line), and social media (Instagram and Twitter). Therefore, any questions or problems will be solved promptly and professionally.

Account types offered by JustMarkets Nigeria

At JustMarkets Nigeria, there are four account types available, which are Standard Cent, Standard, Pro, and Raw Spread accounts. Each of these accounts offers different trading conditions to cater to the needs of all different traders. All trading accounts are offered with negative balance protection.

These four accounts accept all strategies and use market order execution with no volume limit and no order limit, except for the Cent account which has a limit of 100. The prices are offered in the 5th decimal format.

Cent

Minimum Deposit: $1
Leverage: 1:1000
Minimum trade size: 0.01 cent lots
Spread Type: From 0.3 pips
Commission: No
Account Currency: USC

👉 Open Cent

Standard

Minimum Deposit: $1
Leverage: 1:3000
Minimum trade size: 0.01
Spread Type: From 0.3 pip
Commission: No
Account Currency: USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR

👉 Open Standard

Pro

Minimum Deposit: $100
Leverage: 1:3000
Minimum trade size: 0.01
Spread Type: From 0.1 pips
Commission: No
Account Currency: USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR

👉 Open Pro

Raw Spread

Minimum Deposit: $100
Leverage: 1:3000
Minimum trade size: 0.01
Spread Type: From 0 pip
Commission: $6\lot
Account Currency: USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR

👉 Open Raw Spread

1. Standard Cent Account

The Cent account is suitable for beginner traders since it has lower risk and requires a lower minimum order size to start.

To start trading using this account, traders can deposit a minimum of 1 USD. The currency used is USC or USD Cent with maximum leverage of 1:1000, spread starting from 0.3 pips, and no commission. All trading activities are conducted with a minimum order size of 0.01 cent lots and maximum order size of 1,000 cent lots (with step 0.01). The Cent account is only available on MT4 platform.

2. Standard Account

As the most popular trading account at JustMarkets Nigeria, the Standard account is a good choice for all traders from beginner to experienced ones.

The minimum deposit amount is 1 USD, and traders can choose from these base currencies: USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, and ZAR. In MT4 and MT5 platforms, traders can enjoy good trading conditions, including leverage up to 1:3000, spread from 0.3 pips, and zero commission. The minimum and maximum order sizes are 0.01 lots and 100 lots, respectively.

3. Pro Account

As the name suggests, Pro account is intended for experienced and professional traders only since the trading conditions are better and the minimum deposit is higher than the Standard one.

To use this account, traders have to deposit at least 100 USD with a minimum and maximum order size of 0.01 lots and 100 lots, respectively. The leverage is the same as the Standard account, which is 1:3000, but the spread is much tighter, starting from 0.1 pips without commission. The Pro account is available in USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, and ZAR.

4. Raw Spread Account

The last account type is considered the best one for scalpers. The Raw Spread offers the tightest spread at JustMarkets Nigeria.

Traders can register an account using USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, or ZAR. Then, with a deposit of just 100 USD, they can make use of the leverage as high as 1:3000 and spread from 0 pip in MT4 and MT5 platforms. The minimum order size is 0.01 lots and the maximum size is 100 lots. However, traders will be charged a commission fee of 3 units of base currency per lot/side.

Traders of the Muslim faith can open an optional swap-free account in all account types. They just need to contact the JustMarkets Nigeria support team. Using this account, traders can keep open positions as long as they want without adding a swap size to or charging it from the account.

Demo account is also available at JustMarkets Nigeria. It is a simulation of real trading for practicing and training with virtual money. Traders usually use this account to develop trading styles, practice various strategies, as well as test the EA and brokers' services. All financial and analytical tools are also available here. All conditions and specifications are the same, except for leverage 1:2000.

How to deposit and withdraw funds at JustMarkets Nigeria

JustMarkets Nigeria is one of the few brokers which offer a wide variety of payment methods. Traders can deposit and withdraw funds via bank cards, e-wallets, cryptocurrencies, local bank cards/cards/mobile money, and local wallets.

The first payment option offered is credit cards with these requirements:

Mastercard, VISA: EUR, USD
deposit à min: 5 USD, max: 10,000 USD, 0% fee, instant
withdrawal à min: 5 EUR/USD, max: 5,000 EUR/USD, 0% fee, 4-10 bank days

UnionPay: USD
deposit à min: 10 USD, max: 10,000 USD, 0% fee, instant

Various e-wallets are also available with different requirements as follow:

Skrill: EUR, USD
deposit à min: 5 USD, 0% fee, instant
withdrawal à min: 1 EUR/USD, 0% fee, instant

Neteller: EUR, USD, GBP, and 17 others
deposit à min: 5 USD, 0% fee, instant
withdrawal à min: 1 EUR/USD, max: 8,500 EUR/10,000 USD, 0% fee, instant

Perfect Money: EUR, USD
deposit à min: 5 USD, 0% fee, instant
withdrawal à min: 1 EUR/USD, 0% fee, instant

SticPay: EUR, USD, and 20 others
deposit à min: 5 USD, 0% fee, instant
withdrawal à min: 5 EUR, 0% fee, instant

Airtm: USD
deposit à min: 5 USD, max: 2,500 USD, 0% fee, instant
withdrawal à min: 1 USD, max: 2,500 USD, 0% fee, instant

To keep up with modern times, JustMarkets Nigeria decides to offer payment methods using cryptocurrencies:

Bitcoin (BTC)
deposit à min: 5 USD, 2% fee (will be credited again to your account), 1-3 hours
withdrawal à min: 0.0015 BTC, 0% + blockchain fee, several hours

Bitcoin Cash (BCH)
deposit à min: 5 USD, 2% fee (will be credited again to your account), 1-3 hours
withdrawal à min: 0.05 BCH, 0% + blockchain fee, several hours

Ethereum (ETH)
Deposit àmin: 5 USD, 2% fee (will be credited again to your account), 1-3 hours
withdrawal à min: 0.06 ETH, 0% + blockchain fee, several hours

Gemini (GUSD)
deposit à min: 5 USD, 2% fee (will be credited again to your account), 1-3 hours

Tether (USDT)
withdrawal à min: 10 USDT, 0% + blockchain fee, several hours

USD Coin (USDC)
deposit à min: 5 USD, 2% fee (will be credited again to your account), 1-3 hours
withdrawal à min: 10 USDC, 0% + blockchain fee, several hours

Traders can also use their local bank cards/cards/mobile money and local wallets, depending on the country, with a minimum deposit starting from 1 USD, zero fee, and various processing times. Other payment methods may be available after traders open an account based on their country.

Similar to other Forex brokers, JustMarkets Nigeria does not allow any third party account. It means that the name registered in the trader's account must be the same as the one registered in the payment method. Otherwise, deposit and withdrawal requests will not be processed.

Is JustMarkets Nigeria reliable and safe?

As a global Forex broker, JustMarkets is regulated by three authorities under the following company names:

👉 JustMarkets Ltd – located in Cyprus, and licensed by Cyprus Securities and Exchange Commission (CySEC)

👉 Just Global Markets Ltd. – located in Seychelles, and licensed by Financial Services Authority (FSA)

👉 JGM International Pty Limited - located in Seychelles, and licensed by Vanuatu Financial Services Commission (VFSC)

This broker implements an anti-money laundering policy, KYC policy, and due diligence to monitor clients' activities and recordkeeping. All funds are also kept in segregated accounts, managed by high-level professionals with more than 10 years of experience in the financial area.

Furthermore, to ensure and increase security, there are several steps taken by the broker, including data transfer protection via an SSL secure connection with encryption, a multilevel system of servers, and data storage protection with encryption. These implementations prevent loss of clients' information and unauthorized access to the clients' data. In addition, JustMarkets Nigeria also complies with international security standards based on PCI DSS.

Types of spreads in JustMarkets Nigeria

Spreads at JustMarkets Nigeria are offered floating starting from 0 pip with low to no commission, depending on the trading account.

The spreads for Standard Cent and Standard accounts start from 0.3 pips, while Pro account offers lower spread starting from 0.1 pips. These three account types charge no commission fees.

The tightest spread is offered by Raw Spread account, starting from 0 pip. However, there will be a commission fee of 3 units of base currency for every lot/side traded, or 6 units for every round.

Below are the current average spreads of different account types counted in pips for common currency pairs:

Trading platforms offered by JustMarkets Nigeria

The two most popular Forex trading platforms, MT4 and MT5, can be accessed easily in all accounts at JustMarkets Nigeria, except for the Standard Cent which can only be accessed in the MT4 platform. Both platforms are available on PC, Android, iPhone, and WebTrader.

MetaTrader 4 is one of the best trading platforms with a useful and consistent interface. Some of the PC features include one-click trading, 9 timeframes, and automated trading. Traders can also make use of 30 indicators of technical analysis and real-time interactive graphs on Android and iPhone.

MetaTrader 5 is more intuitive and improved than MT4, also created by MetaQuotes Software Corp. On the PC, traders can enjoy one-click trading, instant notification systems, 6 pending order types, 21 timeframes, 44 graphic objects, 38 technical indicators, and a strategy tester. On the go, 30 most popular technical indicators, 24 analytical figures, 9 timeframes, and 3 types of charts can be easily utilized by traders on Android or iPhone.

JustMarkets Nigeria Review 2024 - JustMarkets Broker Nigeria

Account types offered by JustMarkets Nigeria

How to deposit and withdraw funds at JustMarkets Nigeria

Is JustMarkets Nigeria reliable and safe?

Types of spreads in JustMarkets Nigeria

Trading platforms offered by JustMarkets Nigeria

Key advantages of trading with JustMarkets Nigeria