Namibian Dollar Forex Trading Accounts
Scam Forex Brokers in Namibia
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 Namibia
- Louis Schoeman
Jump to:
Regulation and Safety of Funds
Account Types and Features
Account Registration
Trading Platforms
Range of Markets
Fees
Deposits and Withdrawals
Education and Research
Affiliate Program
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.4/5
Min Deposit
USD 1 / 18 Namibian Dollar
Regulators
FSA, CySec, FSCA, FSC
Trading Desk
Metatrader 4
Crypto
Yes
Total Pairs
240+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
JustMarkets Review – 25 key points quick overview:
JustMarkets Overview- JustMarkets At a Glance
- JustMarkets Regulation and Safety of Funds
- JustMarkets Awards and Recognition
- JustMarkets Account Types and Features
- How to open an Account with JustMarkets
- JustMarkets Vs OctaFX Vs Markets.com – Broker Comparison
- JustMarkets Trading Platforms
- JustMarkets Range of Markets
- Broker Comparison for Range of Markets
- JustMarkets Trading and Non-Trading Fees
- JustMarkets Deposits and Withdrawals
- How to Deposit Funds with JustMarkets
- JustMarkets Fund Withdrawal Process
- JustMarkets Education and Research
- JustMarkets Bonuses and Promotions
- How to open an Affiliate Account with JustMarkets
- JustMarkets Affiliate Program Features
- JustMarkets Customer Support
- JustMarkets Corporate Social Responsibility
- Verdict on JustMarkets
- JustMarkets Current Popularity Trends
- JustMarkets Pros and Cons
- Frequently Asked Questions
- Conclusion
JustMarkets Overview
👉 JustMarkets accepts Namibian 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 an online foreign exchange trading platform and a forex broker that operates from Seychelles where its parent company, Just Global Markets Ltd. holds registration and licensing through the Financial Services Authority (FSA), a Tier-3 regulator.
👉 In 2012, with a dedication to maximizing productivity while maintaining honesty and adaptability, the brand was launched. There is a wide range of tradable instruments that are made available to the JustMarkets’ international clients.
👉 According to JustMarkets’ website, the company obtains its liquidity from 18 of the most prominent banks around the globe. Prices are compiled from the various liquidity providers and then streamed to customers on the trading platforms that are made available to them.
👉 Subsequently, spreads begin at 0 pips (but climb substantially) for ECN Zero accounts that provide ECN execution rates beginning at 0.05 seconds.
👉 This JustMarkets review for Namibia 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 – 37.5%
➡️️ Togo – 7.7%
➡️️ Indonesia – 6.2%
➡️️ Colombia – 4.6%
➡️️ Bahamas – 3.5%
Popularity among traders who choose JustMarkets
🥇 Significant proportions of JustMarkets’ most engaged clientele are Namibian customers. Even though there are many more renowned brokers in the business, JustMarkets is one of the top twenty forex brokers in Namibia.
JustMarkets At a Glance
| 🏛 Headquartered | Cyprus |
| 🏙 Local office in Windhoek? | No |
| ✅ Accepts Namibian Traders? | Yes |
| 🗓 Year Founded | 2012 |
| 📞 Namibian Office Contact Number | None |
| 🤳 Social Media Platforms | • Facebook • Telegram |
| ⚖️ Regulation | Seychelles Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySec) |
| 🪪 Regulatory Licenses | SD088 |
| ⚖️ BoN Regulation | None |
| 🚫 Regional Restrictions | The United States, Japan, United Kingdom, EU, EEA, Belgium, and Spain |
| ☪️ Islamic Account | Yes |
| 💻 Demo Account | Yes |
| 🛍 Retail Investor Accounts | 7 |
| 📊 PAMM Accounts | MAM Account |
| 🤝 Liquidity Providers | 18 |
| 💸 Affiliate Program | Yes |
| 📲 Order Execution | Market |
| 📊 Average spread | From 0.0 pips |
| 📞 Margin Call | 40% |
| 🛑 Stop-Out | 20% |
| ✅ Crypto trading offered? | Yes |
| 💰 Offers a NAD Account? | No |
| 👨💻 Dedicated Namibian Account Manager? | No |
| 📊 Maximum Leverage | 1:3000 |
| 🚫 Leverage Restrictions for Namibia? | None |
| 💰 Minimum Deposit (NAD) | 16 Namibian Dollar equivalent to $1 |
| ✅ Namibian Dollar Deposits Allowed? | Yes |
| 📊 Active Namibian Trader Stats | 150,000+ |
| 👥 Active Namibian-based JustMarkets customers | Unknown |
| 💳 Namibia Daily Forex Turnover | Unknown, overall Forex Daily Trading Volume is over $6.6 Trillion |
| 💵 Deposit and Withdrawal Options | • Debit Card • Credit Card • China UnionPay • Skrill • Neteller • Perfect Money • Sticpay • AirTM • Bitcoin • Bitcoin Cash • Ethereum • Gemini • USD Coin • Local Bank Transfers, • Cards, Mobile Money • Local Wallets |
| 🏦 Segregated Accounts with Namibian Banks? | No |
| 📊 Trading Platforms | MT4, MT5, MT4/5 WebTrader, mobile (iOS & Android) |
| ✔️ Tradable Assets | • Indices • Energies • Forex • Metals • Cryptocurrencies • Shares • Futures |
| 💸 Offers USD/NAD currency pair? | No |
| 📈 USD/NAD Average Spread | N/A |
| 📉 Offers Namibian Stocks and CFDs | No |
| 🗣 Languages supported on Website | English, Spanish, Portuguese, French, Russian, Indonesian, Malaysian, Chinese (Simplified and Traditional), Lao, Vietnamese, Thai, Turkish, and more. |
| 💰 Deposit Fee | None |
| 💵 Holding company | Just Global Markets Ltd. |
| 📞 Customer Support Languages | Multilingual |
| ⏰ Customer Service Hours | 24/5 |
| 👥 Namibian-based customer support? | No |
| ✅ Bonuses and Promotions for Namibians | Yes |
| 📚 Education for Namibian beginners | Yes |
| 📱 Proprietary trading software | Yes |
| 💰 Most Successful Namibian Trader | Michael Amushelelo (Net Worth Unknown) |
| ✅ Is JustMarkets a safe broker for Namibians? | Yes |
| 📊 Rating for JustMarkets Namibia | 8/10 |
| 🤝 Trust score for JustMarkets Namibia | 49% |
| 👉 Open an account | 👉 Open Account |
JustMarkets Regulation and Safety of Funds
JustMarkets Regulation in Namibia
JustMarkets does not have any regulations or authorization in Namibia through local authorities.
JustMarkets Global Regulations
The Financial Services Authority has licensed JustMarkets in Seychelles, where the parent company of JustMarkets , namely Just Global Markets Ltd. is legally registered.
JustMarkets Client Fund Security and Safety Features
When it comes to anti-money laundering (AML) and Know Your Customer (KYC) rules, JustMarkets guarantees that it operates according to stringent requirements.
Proof of address and proof of identity is required for all clients, which is why KYC verifications are required for all accounts. All records are carefully preserved and audited by external parties, and all client activities are reviewed and overseen.
The broker provides all customers with a protected and secure trading environment. When you utilize a service like this, all your transactions are encoded using a “Secure Socket Layer” (SSL). The purpose why JustMarkets employs this is because cybercrime and internet hacking could be prevented by using this kind of software.
Customers’ funds, according to JustMarkets, are maintained in separate bank accounts with top-rated financial institutions. Thus, they are not linked to the bank accounts of JustMarkets, and operational activities may not be carried out using client funds.
JustMarkets Awards and Recognition
The official JustMarkets website does not indicate any historical or recent awards or recognition.
JustMarkets Account Types and Features
👉 JustMarkets offers seven retail investor accounts that are divided into two distinct categories: MetaTrader 4 accounts and MetaTrader 5 accounts, as shown below:
➡️ 4 MetaTrader 4 Retail Accounts
➡️ 3 MetaTrader 5 Retail Accounts
👉 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
JustMarkets Live Trading Accounts
MetaTrader 4 Standard Cent Account
👉 No matter how much experience you have as a trader, the Standard Cent Account is a fantastic tool for putting your trading strategies to the test in a low-pressure setting. The account is denominated in cents, and the positions inside it are smaller, to decrease the level of risk that traders are exposed to.
| Account Feature | Value |
| 💵 Minimum Deposit in KES | 16 NAD/1 USD |
| 💸 Account Base Currency | USC |
| 📈 Maximum leverage up to | 1:1000 |
| 💳 Commission charges | None |
| 🔁 Swap-free option? | Yes |
| 📊 Average spreads from | 0.3 pips |
| 📈 Minimum order size | 0.01 cent lot |
| 📉 Maximum order size | 1,000 cent lots |
| 💰 Maximum orders | 100 |
| 📞 Margin Call | 40% |
| 🛑 Stop-Out | 20% |
| 📊 Trade Execution Method | Market Execution |
| 💵 Pricing Format | Fifth Decimal Pricing |
| 📑 Contract Size | 1 lot = 1,000 base currency units |
| 🔧 Trading Instruments Available | • 37 Forex pairs • 4 Metals • 9 Indices • 5 Cryptocurrency Pairs |
MetaTrader 4 Standard Account
👉 Every trader, regardless of their degree of expertise or level of experience, is eligible to use the Standard Account since it is an entry-level account with fundamental account characteristics.
| Account Feature | Value |
| 💵 Minimum Deposit in KES | 16 NAD/1 USD |
| 💸 Account Base Currency | USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR |
| 📈 Maximum leverage up to | 1:3000 |
| 💳 Commission charges | None |
| 🔁 Swap-free option? | Yes |
| 📊 Average spreads from | 0.3 pips |
| 📈 Minimum order size | 0.01 lot |
| 📉 Maximum order size | 100 lots |
| 💰 Maximum orders | Unlimited |
| 📞 Margin Call | 40% |
| 🛑 Stop-Out | 20% |
| 📊 Trade Execution Method | Market Execution |
| 💵 Pricing Format | Fifth Decimal Pricing |
| 📑 Contract Size | 1 lot = 1,000 base currency units |
| 🔧 Trading Instruments Available | • 65 Forex pairs • 8 Metals • 9 Indices • 5 Cryptocurrency Pairs |
MetaTrader 4 Pro Account
👉 Because it offers competitive trading conditions and access to a wide variety of markets, the Pro Account is recommended for use by all professional traders who are looking for the best possible trading conditions.
| Account Feature | Value |
| 💵 Minimum Deposit in KES | 1,600 NAD/100 USD |
| 💸 Account Base Currency | USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR |
| 📈 Maximum leverage up to | 1:3000 |
| 💳 Commission charges | None |
| 🔁 Swap-free option? | Yes |
| 📊 Average spreads from | 0.1 pips |
| 📈 Minimum order size | 0.01 lot |
| 📉 Maximum order size | 100 lots |
| 💰 Maximum orders | Unlimited |
| 📞 Margin Call | 40% |
| 🛑 Stop-Out | 20% |
| 📊 Trade Execution Method | Market Execution |
| 💵 Pricing Format | Fifth Decimal Pricing |
| 📑 Contract Size | 1 lot = 100,000 base currency units |
| 🔧 Trading Instruments Available | • 65 Forex pairs • 8 Metals • 9 Indices • 5 Cryptocurrency Pairs |
MetaTrader 4 Raw Spread Account
👉 This account is the greatest choice for algorithmic traders or scalpers in Namibia because of its narrow spreads, minimal fees, market execution, and unlimited maximum orders. If Namibians are either of these types of traders, they should open this account.
| Account Feature | Value |
| 💵 Minimum Deposit in KES | 1,600 NAD/100 USD |
| 💸 Account Base Currency | USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR |
| 📈 Maximum leverage up to | 1:3000 |
| 💳 Commission charges | 3 units of the base currency per lot/per side |
| 🔁 Swap-free option? | Yes |
| 📊 Average spreads from | 0.1 pips |
| 📈 Minimum order size | 0.01 lot |
| 📉 Maximum order size | 100 lots |
| 💰 Maximum orders | Unlimited |
| 📞 Margin Call | 40% |
| 🛑 Stop-Out | 20% |
| 📊 Trade Execution Method | Market Execution |
| 💵 Pricing Format | Fifth Decimal Pricing |
| 📑 Contract Size | 1 lot = 100,000 base currency units |
| 🔧 Trading Instruments Available | • 65 Forex pairs • 8 Metals • 9 Indices • 5 Cryptocurrency Pairs |
MetaTrader 5 Standard Account
👉 Trading on this account is equivalent to trading via the basic account on MetaTrader 4, but customers have the option of utilizing the more sophisticated and versatile MetaTrader 5 trading platform.
| Account Feature | Value |
| 💵 Minimum Deposit in KES | 16 NAD/1 USD |
| 💸 Account Base Currency | USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR |
| 📈 Maximum leverage up to | 1:3000 |
| 💳 Commission charges | None |
| 🔁 Swap-free option? | Yes |
| 📊 Average spreads from | 0.3 pips |
| 📈 Minimum order size | 0.01 lot |
| 📉 Maximum order size | 100 lots |
| 💰 Maximum orders | Unlimited |
| 📞 Margin Call | 40% |
| 🛑 Stop-Out | 20% |
| 📊 Trade Execution Method | Market Execution |
| 💵 Pricing Format | Fifth Decimal Pricing |
| 📑 Contract Size | 1 lot = 100,000 base currency units |
| 🔧 Trading Instruments Available | • 65 Forex pairs • 8 Metals • 9 Indices • 5 Cryptocurrency Pairs |
MetaTrader 5 Pro Account
👉 The MetaTrader 5 Professional Account is designed for experienced traders who wish to enhance their trading performance and includes a greater number of features and more advanced tools than the standard account.
| Account Feature | Value |
| 💵 Minimum Deposit in KES | 1,600 NAD/100 USD |
| 💸 Account Base Currency | USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR |
| 📈 Maximum leverage up to | 1:3000 |
| 💳 Commission charges | None |
| 🔁 Swap-free option? | Yes |
| 📊 Average spreads from | 0.1 pips |
| 📈 Minimum order size | 0.01 lot |
| 📉 Maximum order size | 100 lots |
| 💰 Maximum orders | Unlimited |
| 📞 Margin Call | 40% |
| 🛑 Stop-Out | 20% |
| 📊 Trade Execution Method | Market Execution |
| 💵 Pricing Format | Fifth Decimal Pricing |
| 📑 Contract Size | 1 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
👉 Namibian traders who use MetaTrader 5 and who operate in a market that is both fast-moving and intensely competitive will find that the trading circumstances offered by this sort of account are appropriate for them to use to maintain a lead over their rivals.
| Account Feature | Value |
| 💵 Minimum Deposit in KES | 1,600 NAD/100 USD |
| 💸 Account Base Currency | USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR |
| 📈 Maximum leverage up to | 1:3000 |
| 💳 Commission charges | 3 units of the base currency per lot/per side |
| 🔁 Swap-free option? | Yes |
| 📊 Average spreads from | 0.0 pips |
| 📈 Minimum order size | 0.01 lot |
| 📉 Maximum order size | 100 lots |
| 💰 Maximum orders | Unlimited |
| 📞 Margin Call | 40% |
| 🛑 Stop-Out | 20% |
| 📊 Trade Execution Method | Market Execution |
| 💵 Pricing Format | Fifth Decimal Pricing |
| 📑 Contract Size | 1 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
👉 JustMarkets offers a choice between several currencies as the base currency of a trading account. However, this does not include NAD. Trader can only register a trading account denominated in any of the following accepted currencies:
➡️ USD
➡️ EUR
➡️ GBP
➡️ JPY
➡️ MYR
➡️ IDR
➡️ THB
➡️ VND
➡️ KWD
➡️ CNY
➡️ ZAR
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.
👉 There is a certain degree of risk involved when trading financial markets and JustMarkets offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.
👉 JustMarkets allows traders to evaluate the viability of their trading techniques by providing a free demo account to both beginners and experienced Namibian traders. Demo trading is a trading that imitates the live market conditions.
👉 Namibian traders are provided with a virtual currency balance of 5,000,000 USD and an infinite amount of time to acquire expertise on the Metatrader platforms. During this period, traders are free to use all account types as demo accounts without running the risk of losing their actual funds.
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.
👉 JustMarkets gives traders who follow the Islamic faith the opportunity to convert any of their live trading accounts into either an Islamic or a Swap-Free Account at no extra cost.
How to open an Account with JustMarkets
👉 Traders must be 18 years old or older to register and to complete the account registration process, traders must provide documentation of their identification as well as their dwelling address.
👉 The client area enables traders to open new live accounts, review their documents, deposit funds, and request withdrawals from their accounts. After the account has been approved, trading will commence after a review of the accompanying paperwork and application.
👉 The process of opening an account with JustMarkets is simple and to register an account with JustMarkets, Namibian traders can follow these steps:
👉 Step 1 – Go to the Official JustMarkets website
➡️ Go to the JustMarkets website (https://justmarkets.com/) and click on “Registration”.
👉 Step 2 – Fill Out Your Personal Details
➡️ Fill out your personal details and click on “Register”. Your account is now ready to trade.
Overall Rating
- 4.4/5
Min Deposit
USD 1 / 18 Namibian Dollar
Regulators
FSA, CySec, FSCA, FSC
Trading Desk
Metatrader 4
Crypto
Yes
Total Pairs
240+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
JustMarkets Vs OctaFX Vs Markets.com – Broker Comparison
| JustMarkets | OctaFX | Markets.com | |
| ⚖️ Regulation | FSA | CySEC, SVG FSA | ASIC, CySEC, FSCA, FCA, BVI FSC |
| 📱 Trading Platform | • MetaTrader 5 • MetaTrader 4 • JustMarkets App | • MetaTrader 4 • MetaTrader 5 | • MarketsX • Marketsi • MetaTrader 4 • MetaTrader 5 • MarketsX App |
| 💰 Withdrawal Fee | None | No | None |
| 📊 Demo Account | Yes | Yes | Yes |
| 📈 Minimum Deposit | 16 NAD | 1537 NAD | 1537 NAD |
| 📈 Leverage | Up to 1:3000 | 1:500 | 1:300 |
| 📊 Spread | From 0.0 pips | 0.6 pips | From 0.8 pips |
| 💰 Commissions | $3 units per lot/side | None | From 15 USD |
| ✴️ Margin Call/Stop-Out | 40%/20% | 25%/15% | 50% |
| ✴️ Order Execution | Market | Market | Instant, Market |
| 💳 No-Deposit Bonus | Yes | Yes | No |
| 📊 Cent Accounts | Yes | No | No |
| 📈 Account Types | • 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 | • MetaTrader 4 Habitual Trader • MetaTrader 5 Smart Trader | • MarketsX Account • Marketsi Account |
| ⚖️ BoN Regulation | No | No | No |
| 💳 NAD Deposits | Yes | No | No |
| 📊 Namibian Dollar Account | No | No | No |
| 👥 Customer Service Hours | 24/5 | 24/5 | 24/5 |
| 📊 Retail Investor Accounts | 7 | 2 | 2 |
| ☪️ Islamic Account | Yes | Yes | Yes |
| 📊 Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| 📈 Maximum Trade Size | 100 lots | 4x maintenance margin excess | 100 lots |
JustMarkets Trading Platforms
👉 JustMarkets offers the following trading platforms:
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ JustMarkets App
Desktop Platforms
➡️ MetaTrader 4
➡️ MetaTrader 5
MetaTrader 4
👉 MetaTrader is a good option for those who do not want to pay for trading software while dealing in foreign exchange. Even more modern Forex trading methods have not been successful in unseating this one as the best in the industry.
👉 When it comes to generating money in the foreign exchange market, the MT4 trading platform delivers a dependable and straightforward user experience.
👉 When Forex traders utilize the MT4 desktop trading software, it is simple to monitor all their trading accounts at the same time. In addition, this platform can support a wide variety of market analysis tools, including technical indicators, expert advisors, and others.
MetaTrader 5
👉 The most recent version of MetaTrader, developed by MetaQuotes Software Corp., is version 5. It will take the place of MetaTrader 4, simplify the experience of trading foreign currency, and enhance the experience overall.
👉 Because of the upgraded, more intuitive user interface, MetaTrader 5’s innovative capabilities, such as copy-trading, mobile trading, and mobile trading, assist traders in more effectively managing their trading accounts.
👉 The following are the most significant advantages of using the desktop version of MetaTrader 5:
➡️ Availability of a diverse selection of financial items accessible through a solitary platform.
➡️ Notifications of the most important events in the news and developments in the market.
➡️ Functionalities such as One-Click Trades and a drag-and-drop interface.
➡️ Pending orders, which may include stop and limit orders.
➡️ There are 21 timeframes including M1, M5, M15, and M30, along with MN1 timeframes that include H1, H4, D1, and W1.
➡️ More than 44 graphical objects are offered.
➡️ Traders get access to 38 different technical indicators that may help them better .comprehend the state of the market now.
WebTrader Platforms
➡️ MetaTrader 4 and 5
MetaTrader 4 and 5
👉 MetaTrader is an online currency trading platform created by MetaQuotes Software. MetaTrader has been accessible on Windows PCs since 2005, and many traders see it as the best trading platform ever produced.
👉 Standalone apps are not the end-all and be-all. Many traders utilize unauthorized operating systems such as Linux, Mac OS, Chrome OS, and others. When it was originally released, the audience called it “WebTrader” since MetaQuotes created a new web-based MetaTrader Web for them.
👉 JustMarkets allows the usage of MetaTrader 4 and 5 across internet browsers, with Namibian traders having the option of using WebTrader from the broker’s official website. To utilize the platform, traders must first open a real account with JustMarkets.
Trading App
➡️ MetaTrader 4 and 5
➡️ JustMarkets App
MetaTrader 4 and 5
👉 The MetaTrader mobile application provides traders with the same access to the foreign exchange market as the conventional desktop terminal. Their main advantage is that a trader may conduct transactions from any place, making them more convenient.
👉 The Android and iOS MetaTrader applications offer offline trading and save Internet bandwidth.
👉 The mobile version of MetaTrader is a useful complement to the desktop version for many traders. In this manner, a trader may quickly open an order on a computer and then manage it on a smartphone, or vice versa.
JustMarkets App
👉 Namibian consumers may use their smartphones to access all the features of the JustMarkets website. A user-friendly design allows you to effortlessly access any feature at any time. Creating an account, withdrawing funds, following trade data, and validating data may all be done while on the go.
👉 The JustMarkets app offers the following advantages and features:
➡️Traders get full access to the features and services of the JustMarkets website.
➡️ Changing leverage or a trading account’s password is straightforward. Traders can also use the trading app to open a real or demo MT4/MT5 account.
➡️ Deposits and withdrawals can be made in a couple of minutes using any of the app’s payment methods.
➡️ Namibian traders can also use the app to join up on new contests or to redeem promotional vouchers.
➡️ The app includes a FAQ section where you can get answers to frequently asked questions, as well as information about JustMarkets’ partnership programs and the most recent news and statistics.
JustMarkets Range of Markets
👉 Namibian traders can expect the following range of markets from JustMarkets:
➡️ Indices
➡️ Energies
➡️ Forex
➡️ Metals
➡️ Cryptocurrencies
➡️ Shares
➡️ Futures
Broker Comparison for Range of Markets
| JustMarkets | OctaFX | Markets.com | |
| ➡️️ Forex | Yes | Yes | Yes |
| ➡️️ Precious Metals | Yes | Yes | Yes |
| ➡️️ ETFs | No | No | Yes |
| ➡️️ CFDs | Yes | Yes | Yes |
| ➡️️ Indices | Yes | Yes | Yes |
| ➡️️ Stocks | Yes | Yes | Yes |
| ➡️️ Cryptocurrency | Yes | Yes | Yes |
| ➡️️ Options | No | No | No |
| ➡️️ Energies | Yes | Yes | Yes |
| ➡️️ Bonds | No | No | Yes |
Overall Rating
- 4.4/5
Min Deposit
USD 1 / 18 Namibian Dollar
Regulators
FSA, CySec, FSCA, FSC
Trading Desk
Metatrader 4
Crypto
Yes
Total Pairs
240+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
JustMarkets Trading and Non-Trading Fees
Spreads
👉 A JustMarkets account user should expect a minimum spread depending on their account type, the financial instrument exchanged, and general market conditions at the time of their transaction. While not the lowest in the business, JustMarkets’ spreads are still lower than the industry average.
👉 The following is a typical minimum spread based on account type:
➡️ MetaTrader 4 Standard Cent Account – 0.3 pips
➡️ MetaTrader 4 Standard Account – 0.3 pips
➡️ MetaTrader 4 Pro Account – 0.1 pips
➡️ MetaTrader 4 Raw Spread Account – 0.0 pips
➡️ MetaTrader 5 Standard Account – 0.3 pips
➡️ MetaTrader 5 Pro Account – 0.1 pips
➡️ MetaTrader 5 Raw Spread Account – 0.0 pips
Commissions
👉 Commissions are applied to the following types of accounts with JustMarkets:
➡️ 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
👉 Traders from Namibia incur overnight charges if they keep their trades open for more than 24 hours. These fees are determined in part by the size of the trader’s open position, the financial instrument they are using, and whether they are long the underlying asset.
👉 The following are some examples of the typical overnight fees for Namibian traders:
➡️ EUR/USD – a long swap of -4.44 points and a short swap of -0.09 points
➡️ USD/JPY – a long swap of -1.36 points and a short swap of -2.97 points
➡️ Cryptocurrencies – long swaps of -20% and short swaps of -20%
➡️ Energies – long swaps of -6% and short swaps of -3%
➡️ Indices – long swaps of -1% and short swaps of -1.50%
➡️ Shares and Stocks – long swaps of -6% and short swaps of -3%
➡️ XAG/USD – a long swap of -0.2 points and a short swap of -0.09 points
➡️ XAU/USD – a long swap of -4.18 points and a short swap of -0.77 points
Deposit and Withdrawal Fees
👉 All crypto deposits are subject to a fee of 2% of the total amount, which includes the following cryptocurrencies:
➡️ Bitcoin (BTC)
➡️ Bitcoin Cash (BCH)
➡️ Ethereum (ETH)
➡️ Gemini (GUSD)
➡️ USD Coin (USDC)
Inactivity Fees
👉 Accounts that have been dormant for more than one hundred fifty days in a row are subject to an administrative fee for inactivity. After the account has been dormant for more than a year, a fee of $5 will be assessed each month.
Currency Conversion Fees
👉 If Namibian traders deposit or withdraw funds in any currency other than the accepted account currencies, they can expect currency conversion fees.
JustMarkets Deposits and Withdrawals
JustMarkets offers the following deposit and withdrawal methods:
➡️ Debit Card
➡️ Credit Card
➡️ China UnionPay
➡️ Skrill
➡️ Neteller
➡️ Perfect Money
➡️ Sticpay
➡️ AirTM
➡️ Bitcoin
➡️ Bitcoin Cash
➡️ Ethereum
➡️ Gemini
➡️ USD Coin
➡️ Local Bank Transfers, Cards, Mobile Money
➡️ Local Wallets and worldwide wallets
How to Deposit Funds with JustMarkets
To deposit funds to an account with JustMarkets, Namibian traders can follow these steps:
➡️ Namibian traders can use their credentials to log in to the JustMarkets Back Office.
➡️ Next, traders can select “Deposit” and complete the appropriate information.
➡️ Traders can examine the specifics of their deposit once it has been finished, and then click the “Deposit” button.
JustMarkets Fund Withdrawal Process
To withdraw funds from an account with JustMarkets, Namibian traders can follow these steps:
➡️ Namibian traders can log into their JustMarkets Back Office.
➡️ Next, they can choose the option to “Withdraw” funds.
➡️ Traders can choose the withdrawal method that matches the deposit method that they used to fund their trading accounts.
➡️ Next, they can provide the withdrawal amount and follow any additional steps that could be required by their payment provider.
JustMarkets Education and Research
Education
JustMarkets offers the following Educational Materials:
➡️ Quick Start
➡️ Online Training Webinars
➡️ Bookings for future webinars
➡️ Forex Articles
➡️ Forex Glossary
➡️ Educational Videos
➡️ Currencies
JustMarkets offers Namibian traders the following Research and Trading Tools:
➡️ Market Overview
➡️ Daily Forecasts
➡️ Market News
➡️ Economic Calendar
JustMarkets Bonuses and Promotions
JustMarkets offers Namibian 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
To register an Affiliate Account, Namibians can follow these steps:
➡️ Navigate to the official JustMarkets website and hover over the “Partnerships” tab at the top of the page.
➡️ Select “Affiliates” from the options provided.
➡️ Prospective affiliates can review the information provided by JustMarkets and choose their preferred affiliate program between “Revenue Share” or “CPA” by clicking “Become partner” below the relevant option.
➡️ To open an affiliate account, Namibians can complete the short registration form by selecting their country of residence and providing their email address and a user-selected password. Lastly, Namibians must confirm that they are not a US resident and that they agree with the Client Agreement and the Introducing Broker Agreement before they click on “Become a partner.” During this section, existing JustMarkets clients can use the “Log In” option to log into their existing account from where they can apply as an affiliate.
➡️ Once registered, affiliates will be notified that their IB Account has been created.
➡️ From here, the new affiliate can access their promotional materials and all other features on their affiliate program.
JustMarkets Affiliate Program Features
The affiliate program provided by JustMarkets gives partners the possibility to earn a commission on an unlimited percentage of purchases in addition to earning money from their own traffic and the ability to grow their own network.
The JustMarkets Affiliate Programs are customised to match the needs of each individual affiliate, having been established by partners for partners and with their input. In terms of Revenue-Share, JustMarkets offers up to 65% returns on transactions completed by referrals.
Additionally, JustMarkets enables customers to make withdrawals quickly and easily, participate in loyalty programs, and communicate directly with personal affiliate managers.
The following CPA alternatives are available with JustMarkets:
➡️ A specialized affiliate manager
➡️ High conversion rates
➡️ Transparency in disclosing information
➡️ Advanced marketing tools
➡️ Immediate rewards
➡️ Payments up to $1500
JustMarkets Customer Support
JustMarkets offers dedicated customer support with typical operating hours on all languages except English, which is available 24/7.
JustMarkets Corporate Social Responsibility
There is currently no information regarding JustMarkets’ Corporate Social Responsibility initiatives or projects.
Verdict on JustMarkets
JustMarkets is attractive to novice traders who are already acquainted with the MT4 and MT5 platforms since it offers a selection of accounts with low minimum deposits and minimal trading charges.
Traders should be aware, however, that JustMarkets does not have the strictest regulations since the broker is only registered with the Financial Services Authority of Seychelles.
JustMarkets is a straight-through-processing (STP) and Electronic Communications Network (ECN) broker that provides trading on indices, commodities, cryptocurrencies, share CFDs, futures, and a variety of Forex pairs, and this range of offerings should suit the needs of most traders.
JustMarkets Current Popularity Trends
👉 According to Google Trends, JustMarkets has seen an increase in Google Searches in the past month.
Overall Rating
- 4.4/5
Min Deposit
USD 1 / 18 Namibian Dollar
Regulators
FSA, CySec, FSCA, FSC
Trading Desk
Metatrader 4
Crypto
Yes
Total Pairs
240+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
JustMarkets Pros and Cons
| ✔️ Pros | ❌ Cons |
| JustMarkets offers a wide range of deposit and withdrawal options that can be used | There is no NAD-denominated trading account offered to Namibian traders |
| There is a wide selection of trading accounts to choose from, providing Namibian traders with versatility | There is an inactivity fee that is charged by JustMarkets on all dormant account |
| There is support offered for copy trading along with several social trading opportunities | Deposit fees are charged when Namibians use crypto payments |
| There is a well-rounded affiliate program offered | JustMarkets does not have any Tier-1 or Tier-2 regulations, giving it an exceptionally low trust score |
| There are competitive trading conditions provided by JustMarkets |
Frequently Asked Questions
What is the withdrawal time with JustMarkets?
The average withdrawal time ranges from instant withdrawals on electronic payment gateways to 10 working days on debit and credit cards.
How do I verify my JustMarkets Account?
To verify your identity, choose the “Verification” option from the “Profile” menu. You have been sent to the main page for the verification process.
Here, your identification, current address, and bank cards are checked. To verify your identification, go to the area labelled “Identity Verification,” and then click the option labelled “Verify Now.”
What is Nasdaq on JustMarkets?
One of the three most important stock exchanges in the United States is called the NASDAQ, and it focuses on trading the shares of high-tech businesses. Furthermore, it encompasses every single company that is listed on the NASDAQ.
Does JustMarkets allow hedging?
Yes, JustMarkets allows several different trading strategies including hedging, scalping, news trading, automated trading, algorithms, and more.
Is JustMarkets regulated?
Yes, JustMarkets is regulated by the Tier-3 market regulator in Seychelles, the Financial Services Authority.
Where is JustMarkets from?
JustMarkets forms a part of Just Global Markets Ltd. which is headquartered in Seychelles in Mahe, with regulation through the Financial Services Authority (FSA) in Seychelles, a Tier-3 regulator.
Does JustMarkets have Nasdaq?
Yes, JustMarkets offers Nasdaq under US100, with spreads from 1 pip.
Is JustMarkets safe or a scam?
JustMarkets is not a scam broker. However, JustMarkets has an extremely low trust score because the broker currently does not have Tier-1 or Tier-2 regulations, which means that traders are wary of dealing with the broker.
Does JustMarkets have Volatility 75?
No, JustMarkets does not offer Namibian traders access to the Volatility 75 index (VIX).
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.
Addendum/Disclosure:
No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.
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