JustForex

JustForex is an online forex and CFD broker registered in Seychelles, founded on 17 November 2020. The company operates under the official domain justforex.biz and lists its registered address at Office 10, Floor 2, Vairam Building, Providence Industrial Estate, Providence, Mahe, Seychelles. It presents itself as a provider of retail trading services, catering primarily to individual traders seeking access to foreign exchange and contracts for difference.

The broker's company description highlights its aim to offer various tradable financial instruments with competitive conditions. It emphasises availability of the MetaTrader 4 and MetaTrader 5 platforms, which are widely used in the industry. JustForex also maintains a presence on social media platforms including Facebook, Instagram, LinkedIn, and Twitter/X, suggesting an effort to engage with a global audience.

JustForex reports being regulated by the Seychelles Financial Services Authority (FSA) under a Derivatives Trading License (EP). However, FXCanary's cross-check of the public register indicates the license status is not clearly active; the record shows a dash rather than a confirmed active or expired status. This ambiguity is notable because Seychelles is an offshore jurisdiction with a regulatory framework that does not offer the same level of investor protection as top-tier regulators such as the FCA or ASIC.

The FSA license is considered a low-tier regulatory credential. Traders should be aware that such offshore regulation typically involves limited oversight and no access to compensation schemes. The lack of a clearly active status further reduces confidence in the broker's regulatory standing. FXCanary recommends that traders exercise caution and consider the risks associated with unverified regulatory claims.

JustForex offers three distinct account types: Raw Spread, Pro, and Standard. The Raw Spread and Pro accounts each require a minimum deposit of USD 100, while the Standard account has a notably low barrier of USD 1. All accounts provide a maximum leverage of 1:3000, which is extremely high and carries significant risk of rapid capital loss. Floating spreads from 0 pips are advertised, though actual spreads depend on market conditions and account type.

The account structure appears designed to attract a broad spectrum of traders, from those with very small capital to those seeking tighter spreads. However, the high leverage offered across all accounts is a red flag for risk management, as it can amplify both gains and losses. Traders with limited experience are advised to approach such leverage with extreme caution.

JustForex supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), two of the most popular trading platforms in the retail forex industry. These platforms are known for their advanced charting tools, automated trading via Expert Advisors, and a wide range of technical indicators. The broker offers these platforms for desktop, web, and mobile devices, allowing traders to access markets conveniently.

The choice of MT4 and MT5 is a positive point, as these platforms are stable and widely trusted. However, the broker does not appear to offer any proprietary platform or additional tools beyond what is standard with MetaQuotes software. This means there is no unique trading environment that might differentiate JustForex from other brokers using the same platforms.

JustForex claims to provide 24/7 customer support, which is a common assertion among online brokers. The broker's social media presence includes active accounts on Facebook, Instagram, LinkedIn, and Twitter/X, which may serve as channels for announcements, educational content, and user engagement. However, the absence of independent user reviews or testimonials makes it difficult to assess the actual quality and responsiveness of the support team.

Given the lack of verified feedback, traders should not rely solely on the broker's own claims regarding support. FXCanary suggests that potential clients test the support channels before committing funds. The social media profiles, while present, do not provide sufficient evidence of reliability or customer satisfaction.