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Just2Trade Review

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Just2trade is a Russian Forex broker, founded in 2016. Just2trade Online Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission in accordance with license No.281/15 issued on 25/09/2015.

This broker also offers the following trading assets, shares, cryptocurrencies, futures, options, CFD, and Eurobonds. The broker has a trading portfolio of 26 major and minor currency pairs. We consider this a rather limited variety when compared to other brokers.

Just2trade is the trademark of Finam Forex, which in turn is part of Finam Holding of Russia. Finam Holding is a company that offers various services, among others, banking and brokerage services, aircraft and helicopter rental, flight training, and finally, travel and tourism services.

Finam Forex was the first forex broker to obtain a license from the Bank of Russia and was for a time the only one to have one. The broker’s website is available in the following languages: English, Chinese, Russian, Polish, Malay, and Spanish.

ACCOUNT TYPES

Just2trade offers us 3 different account types, called Forex and CFD Standard, Forex ECN, and MT5 Global. The characteristics of these accounts are:

Forex and CFD Standard: Trading account ideal for beginning traders. A minimum deposit amount of 100 USD. Leverage up to 1:500. Spread from 0.5. Minimum lot 0.01. Brokerage commission 0. Negative balance protection: Yes

Forex ECN: Unique technology provides a direct connection to ECN. Suitable for experienced traders. A minimum deposit amount of 200 USD. Leverage up to 1:500. Spread from 0. Minimum lot 0,01. Brokerage commission ≤ $3 per lot. Negative balance protection: No

MT5 Global: Individual approach and improved trading conditions for professional traders. A minimum deposit amount of 100 USD. Leverage up to 1:500. Spread from 0. Minimum lot  0,01. Brokerage commission ≤ $2 per lot. Trading Platform MT5.

PLATFORMS

This broker offers the most popular trading platform: Metatrader 4 (MT4) developed by the Russian software company Metaquotes Software. It also offers the MT5 platform for your MT5 Global account.

In the last 10 years, MT4 has maintained its position as the main platform for traders, due to its stability, versatility, and ease of use. It has numerous options and functionalities and offers multiple technical analyses, graphics tools, as well as the possibility of algorithmic trading and automation of the operation.

Both platforms, MT4 and MT5, are available for desktop as well as mobile versions, Android and iOS, for use on smartphones and Tablets.

LEVERAGE

Just2trade offers its customers maximum leverage of up to 1:500 on all their accounts.

TRADE SIZES

Just2trade applies a minimum trade size for all its accounts of 0.01 lots (micro lot).

TRADING COSTS

The standard account has no brokerage costs. The Forex ECN and MT5 Global accounts have brokerage fees of USD 3 per lot operated and USD 2 per lot operated respectively, apart from the spread.

To these costs must be added the Swaps: any position held overnight, which will incur a maintenance cost (interest). This amount can be negative or positive depending on the instrument and the direction of the position, and its amount is fixed by the central banks of the base currency of the open position.

ASSETS

Just2trade has the following types of assets to trade: Forex, stocks, futures, options, CFD, and Eurobonds.  It is also possible to trade with the following cryptocurrencies, Bitcoin and Ethereum if you have the MT5 Global account.

SPREADS

Some examples of spread that we have been able to see on the Just2trade website are:

EUR/USD: 0.3 XAU / USD: 0.1

USD/JPY: 0.5 OIL: 0.06

GBP/USD: 0.6 BTC / USD: 11

MINIMUM DEPOSIT

Just2trade requires a minimum initial deposit of USD 100USD on your standard account. For your ECN Forex account, the minimum deposit is USD 200. These are relatively low amounts compared to other brokers.

DEPOSIT METHODS & COSTS

Just2trade has a wide variety of methods for making deposits, including Bank Transfer, Debit or Credit Card (Mastercard), and electronic means of payment, Paysafecard, Union Pay, Neteller, Skrill, and Cashu. The broker reports that all deposits are free of commission.

WITHDRAWAL METHODS & COSTS

The broker does not provide information about withdrawal methods. We understand that they are the same methods as for making deposits and that the costs will be the usual ones.

WITHDRAWAL PROCESSING & WAIT TIME

Nor does the broker provide us with information about the processing of withdrawals or the withdrawal waiting times.

BONUSES & PROMOTIONS

Just2trade currently has a deposit bonus with the following features:

  • deposits up to 200 USD you receive 50 USD
  • deposits up to 1000 USD you receive 100 USD
  • deposits up to 2000 USD you receive 400 USD
  • deposits up to 5000 USD you receive 750 USD
  • deposits up to 10,000 USD you receive 1000 USD
  • deposits over 10,000 USD you receive 2000 USD

Terms and conditions apply in this campaign.

The broker offers an IB system (Introducing Broker). In fact, on the website, there is access for them where they can access their private area using a username and password. The IB is a partner that attracts clients for the broker in exchange for a commission for their operations. Obviously, the particular conditions have to be dealt with by the broker directly.

EDUCATIONAL & TRADING TOOLS

In this section, the broker provides a news area that is updated and an economic calendar with all the important events of the day and that every trader should know. It also has an area, available under subscription (customers only), with a Forex Daily, Forex Weekly, World Markets Weekly, and Trading Ideas (Market Research). It also has the last section called the “The Archive of Research Notes from just2trade analytics” (where we have not been able to access it since it asks for a username and password), so we understand that it is a service exclusively for customers.

CUSTOMER SERVICE

To contact the customer service we have several ways. We have a phone, an email and, a very interesting, online chat and a service that with a single button you access a live call via the web. We found this last service interesting and novel since almost no broker has it.

Tel: +357 25 030 442

E-mail: 24_support@just2trade.online

Address: Just2Trade Online Ltd. 10 Chrysanthou Mylona, MAGNUM HOUSE. 3030 Limassol, Cyprus

DEMO ACCOUNT

Just2trade offers a free demo account with 50,000 virtual USD for risk-free trial trading, which is excellent. It is very common for traders to open a Demo account before depositing money into a real account. It is also important to know that the Demo account retains the same live prices and market conditions, simulating the exposure in a real account.

COUNTRIES ACCEPTED

Just2Trade does not report any restrictions on some citizens or jurisdictions who cannot open an account.

CONCLUSION

Just2trade is the first Forex broker to obtain a license from the Bank of Russia at the end of 2015. It is one of the few local currency brokers, along with VTB24 Forex and Gerchik & Co, and Alpari, although the latter is a much larger company.

In comparison with its Russian competitors, Just2trade offers slightly better trading conditions, especially in terms of minimum deposit. Its minimum commercial size is also more favorable and so spread.

Advantages: MT4. High leverage. Adjusted spreads without commission. Multiple payment and withdrawal options. Initial deposit relatively low. Multiple ways of contact with customer service.

Disadvantages: There is no information about withdrawals, their processing, or possible associated costs.

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