Forex Brokers Namibia
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JustMarkets review

JustMarkets Review

Overall JustMarkets is very competitive in terms of its trading fees and spreads. JustMarkets offers 7 retail accounts on two 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

Updated : February 26, 2024

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Overview

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Regulation and Safety of Funds

Awards and Recognition

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Account Types and Features

Account Registration

Broker Comparison

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Trading Platforms

Range of Markets

Fees

Deposit and Withdrawels

research

Education and Research

Bonuses and Promotions

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Affiliate Programs

Customer Support

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Social Responsibility

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Final Verdict

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Pros and Cons

questions

FAQ

Overall Rating

Min Deposit

10 USD / 186 NAD

Regulators

FSA, CySec, FSCA, FSC

Trading Desk

MetaTrader 4, MetaTrader 5, JustMarkets App

Crypto

Yes

Total Pairs

240+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

Overview

Overview

 

The broker accepts Namibian clients and has an average spread from 0.0 pips with a $6 commission round turn. They have 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 regulated 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 its 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.

 

Distribution of Traders

Distribution of Traders

 

The broker currently has the largest market share in these countries:

➡️️ Malaysia – 34.21%

➡️️ Canada – 8.05%

➡️️ India – 4.65%

➡️️ South Africa – 4.18%

➡️️ Thailand – 3.86%

 

Popularity among traders

🥇 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.

 

 

What is the distribution of traders like on JustMarkets?

The broker boasts a diverse global clientele, with traders from various regions and backgrounds participating. While the specific distribution of traders can fluctuate, the platform typically caters to a broad international audience.

 

Does the broker provide data on the distribution of traders by region or trading activity?

Yes, they often provide insights and data regarding the distribution of traders by region, trading activity, and other relevant metrics. You can usually find these statistics on their official website or trading platform for a better understanding of their trader demographics.

At a Glance

🏛 HeadquarteredCyprus
🏙 Local office in Windhoek?No
✅ Accepts Namibian Traders?Yes
🗓 Year Founded2012
📞 Namibian Office Contact NumberNone
🤳 Social Media Platforms• Facebook
• Instagram
• Telegram
• LinkedIn
• Twitter
⚖️ RegulationSeychelles Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySec)
🪪 Regulatory LicensesSD088
⚖️ BoN RegulationNone
🚫 Regional RestrictionsThe United States, Japan, United Kingdom, EU, EEA, Belgium, and Spain
☪️ Islamic AccountYes
💻 Demo AccountYes
🛍 Retail Investor Accounts7
📊 PAMM AccountsMAM Account
🤝 Liquidity Providers18
💸 Affiliate ProgramYes
📲 Order ExecutionMarket
📊 Average spreadFrom 0.0 pips
📞 Margin Call40%
🛑 Stop-Out20%

✅ Crypto trading offered?Yes
💰 Offers a NAD Account?No
👨‍💻 Dedicated Namibian Account Manager?No
📊 Maximum Leverage1:3000
🚫 Leverage Restrictions for Namibia?None
💰 Minimum Deposit (NAD)$10/192 NAD
✅ Namibian Dollar Deposits Allowed?Yes
📊 Active Namibian Trader Stats150,000+
👥 Active Namibian-based JustMarkets customersUnknown
💳 Namibia Daily Forex TurnoverUnknown, 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 PlatformsMT4, 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 SpreadN/A
📉 Offers Namibian Stocks and CFDsNo
🗣 Languages supported on WebsiteEnglish, Spanish, Portuguese, French, Russian, Indonesian, Malaysian, Chinese (Simplified and Traditional), Lao, Vietnamese, Thai, Turkish, and more.
💰 Deposit FeeNone
💵 Holding companyJust Global Markets Ltd.
📞 Customer Support LanguagesMultilingual
⏰ Customer Service Hours24/5
👥 Namibian-based customer support?No
✅ Bonuses and Promotions for NamibiansYes
📚 Education for Namibian beginnersYes
📱 Proprietary trading softwareYes
💰 Most Successful Namibian TraderMichael Amushelelo (Net Worth Unknown)
✅ Is JustMarkets a safe broker for Namibians?Yes
📊 Rating for JustMarkets Namibia8/10
🤝 Trust score for JustMarkets Namibia49%
👉 Open an account👉 Open Account

Regulation and Safety of Funds

Regulation and Safety of Funds

 

Regulation in Namibia

The broker does not have any regulations or authorization in Namibia through local authorities.

 

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.

 

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.

 

Is JustMarkets a regulated broker, and how are my funds protected?

Yes, they are a regulated brokerage firm. They adhere to strict regulatory standards to ensure the safety of your funds. Your funds are typically kept in segregated accounts, separate from the company’s operational funds, and they may also have insurance or compensation schemes in place to provide an additional layer of protection.

 

Which regulatory authorities oversee the broker?

The broker is typically regulated by reputable financial authorities such as the Financial Conduct Authority (FCA) in the UK or the Cyprus Securities and Exchange Commission (CySEC). These regulatory bodies monitor and supervise the company’s activities to ensure they comply with industry standards and maintain the safety and security of client funds.

Awards and Recognition

Awards and Recognition

 

The official JustMarkets website does not indicate any historical or recent awards or recognition.

Account Types and Features

Account Types and Features

 

The broker 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

 

MetaTrader 4 Standard Cent Account

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 FeatureValue
💵 Minimum Deposit192 NAD/10 USD
💸 Account Base CurrencyUSC
📈 Maximum leverage up to1:3000
💳 Commission chargesNone
🔁 Swap-free option?Yes
📊 Average spreads from0.3 pips
📈 Minimum order size0.01 cent lot
📉 Maximum order size1,000 cent lots
💰 Maximum orders100
📞 Margin Call40%
🛑 Stop-Out20%
📊 Trade Execution MethodMarket
💵 Pricing FormatFifth Decimal Pricing
📑 Contract Size1 lot = 1,000 base currency units
🔧 Trading Instruments Available33 Forex + 4 metals
👉 Open an account👉 Open Account

 

MetaTrader 4 Standard Account

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 FeatureValue
💵 Minimum Deposit192 NAD/10 USD
💸 Account Base CurrencyUSD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR
📈 Maximum leverage up to1:3000

💳 Commission chargesNone
🔁 Swap-free option?Yes
📊 Average spreads from0.3 pips
📈 Minimum order size0.01 lot
📉 Maximum order size100 lots
💰 Maximum ordersUnlimited
📞 Margin Call40%
🛑 Stop-Out20%
📊 Trade Execution MethodMarket
💵 Pricing FormatFifth Decimal Pricing
📑 Contract Size1 lot = 1,000 base currency units
🔧 Trading Instruments Available61 Forex + 7 metals + 12 indices + 14 cryptocurrency pairs + 163 shares + 3 energies
👉 Open an account👉 Open Account

 

MetaTrader 4 Pro Account

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 FeatureValue
💵 Minimum Deposit1,922 NAD/100 USD
💸 Account Base CurrencyUSD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR
📈 Maximum leverage up to1:3000

💳 Commission chargesNone
🔁 Swap-free option?Yes
📊 Average spreads from0.1 pips
📈 Minimum order size0.01 lot
📉 Maximum order size100 lots
💰 Maximum ordersUnlimited
📞 Margin Call40%
🛑 Stop-Out20%
📊 Trade Execution MethodMarket
💵 Pricing FormatFifth Decimal Pricing
📑 Contract Size1 lot = 100,000 base currency units
🔧 Trading Instruments Available61 Forex + 7 metals + 14 indices + 3 energies + 14 cryptocurrency pairs + 163 shares
👉 Open an account👉 Open Account

 

MetaTrader 4 Raw Spread Account

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 FeatureValue
💵 Minimum Deposit in KES1,922 NAD/100 USD
💸 Account Base CurrencyUSD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR
📈 Maximum leverage up to1:3000

💳 Commission charges3 units of the base currency per lot/per side
🔁 Swap-free option?Yes
📊 Average spreads from0 pips
📈 Minimum order size0.01 lot
📉 Maximum order size100 lots
💰 Maximum ordersUnlimited
📞 Margin Call40%
🛑 Stop-Out20%
📊 Trade Execution MethodMarket
💵 Pricing FormatFifth Decimal Pricing
📑 Contract Size1 lot = 100,000 base currency units
🔧 Trading Instruments Available61 Forex + 7 metals + 14 indices + 3 energies + 14 cryptocurrency pairs + 163 shares
👉 Open an account👉 Open Account

 

MetaTrader 5 Standard Account

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 FeatureValue
💵 Minimum Deposit in KES192 NAD/10 USD
💸 Account Base CurrencyUSD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR
📈 Maximum leverage up to1:3000

💳 Commission chargesNone
🔁 Swap-free option?Yes
📊 Average spreads from0.3 pips
📈 Minimum order size0.01 lot
📉 Maximum order size100 lots
💰 Maximum ordersUnlimited
📞 Margin Call40%
🛑 Stop-Out20%
📊 Trade Execution MethodMarket
💵 Pricing FormatFifth Decimal Pricing
📑 Contract Size1 lot = 100,000 base currency units
🔧 Trading Instruments Available61 Forex + 7 metals + 12 indices + 14 cryptocurrency pairs + 163 shares + 3 energies
👉 Open an account👉 Open Account

 

MetaTrader 5 Pro Account

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 FeatureValue
💵 Minimum Deposit in KES1,922 NAD/100 USD
💸 Account Base CurrencyUSD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR
📈 Maximum leverage up to1:3000

💳 Commission chargesNone
🔁 Swap-free option?Yes
📊 Average spreads from0.1 pips
📈 Minimum order size0.01 lot
📉 Maximum order size100 lots
💰 Maximum ordersUnlimited
📞 Margin Call40%
🛑 Stop-Out20%
📊 Trade Execution MethodMarket
💵 Pricing FormatFifth Decimal Pricing
📑 Contract Size1 lot = 100,000 base currency units
🔧 Trading Instruments Available61 Forex + 7 metals + 14 indices + 3 energies + 14 cryptocurrency pairs + 163 shares
👉 Open an account👉 Open Account

 

MetaTrader 5 Raw Spread Account

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 FeatureValue
💵 Minimum Deposit in KES1,922 NAD/100 USD
💸 Account Base CurrencyUSD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR
📈 Maximum leverage up to1:3000

💳 Commission charges3 units of the base currency per lot/per side
🔁 Swap-free option?Yes
📊 Average spreads from0.0 pips
📈 Minimum order size0.01 lot
📉 Maximum order size100 lots
💰 Maximum ordersUnlimited
📞 Margin Call40%
🛑 Stop-Out20%
📊 Trade Execution MethodMarket
💵 Pricing FormatFifth Decimal Pricing
📑 Contract Size1 lot = 100,000 base currency units
🔧 Trading Instruments Available61 Forex + 7 metals + 14 indices + 3 energies + 14 cryptocurrency pairs + 163 shares
👉 Open an account👉 Open Account

 

Base Account Currencies

The broker offers a choice between several currencies as the base currency of a trading account. However, this does not include NAD. Traders 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

 

Demo Account

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 the broker 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.

 

The broker 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 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.

 

Islamic Account

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 the Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.

 

The broker 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.

 

What types of trading accounts do they offer?

They typically offer a range of trading account types to cater to different trader needs. These accounts may vary in terms of minimum deposit requirements, leverage options, and features. Common account types include standard, premium, and professional accounts.

 

What features can I expect from a trading account?

The broker’s trading accounts often come with features such as access to a variety of financial markets (forex, stocks, commodities, etc.), competitive spreads, leverage options, trading tools, and educational resources. The specific features can vary depending on the type of account you choose.

How to open an Account

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 and click on “Registration”.

How to open an Account Step 1

 

Step 2 – Fill Out Your Personal Details

➡️ Fill out your personal details and click on “Register”. Your account is now ready to trade.

How to open an Account Step 2

Overall Rating

Min Deposit

10 USD / 186 NAD

Regulators

FSA, CySec, FSCA, FSC

Trading Desk

MetaTrader 4, MetaTrader 5, JustMarkets App

Crypto

Yes

Total Pairs

240+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

JustMarkets Vs Exness Vs XM – Broker Comparison

JustMarkets ExnessXM
⚖️ RegulationFSA, CySecFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCAFSCA, IFSC, ASIC, CySEC, DFSA
📱 Trading PlatformMT4, MT5, MT4/5 WebTrader, mobile (iOS & Android)• MetaTrader 4
• MetaTrader 5
• Exness Terminal
• Exness Trader app
• MetaTrader 4
• MetaTrader 5
• XM Mobile App
💰 Withdrawal FeeNoneNoNone
📊 Demo AccountYesYesYes
📈 Minimum Deposit187 NAD/10 USD187 NAD/10 USD$5/96 NAD
📈 LeverageUp to 1:3000


UnlimitedUp to 1:1000**
📊 SpreadFrom 0.0 pipsVariable, from 0.0 pips0.0 pips
💰 Commissions$3 units per lot/side

From $0.1 per side, per lot$1 to $9
✴️ Margin Call/Stop-Out40%/20%60%/0%• 50%/20%,
• 100%/50% (EU)
✴️ Order ExecutionMarketMarketInstant, Market
💳 No-Deposit BonusYesNoYes
📊 Cent AccountsYesYesNo
📈 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
• Standard Account
• Standard Cent Account
• Raw Spread Account
• Zero Account
• Pro Account
• Micro Account
• Standard Account
• XM Ultra-Low Account
• Shares Account
⚖️ BoN RegulationNoNoNo
💳 NAD DepositsYesYesNo
📊 Namibian Dollar AccountNoNoNo
👥 Customer Service Hours24/524/724/5
📊 Retail Investor Accounts754
☪️ Islamic AccountYesYesYes
👉 Open an account👉 Open Account👉 Open Account👉 Open Account

Trading Platforms

Trading Platforms

 

They offer the following trading platforms:

➡️ MetaTrader 4

➡️ MetaTrader 5

➡️ JustMarkets App

 

Desktop Platforms

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

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

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 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 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.

 

Which trading platforms are available with the broker?

The broker typically offers popular trading platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are well-known for their user-friendly interfaces, advanced charting tools, and automated trading capabilities.

 

Can I trade on mobile devices using JustMarkets’ platforms?

Yes, they often provide mobile trading options through mobile apps compatible with iOS and Android devices. These apps allow traders to manage their accounts, execute trades, and access the markets while on the go.

Range of Markets

Range of Markets

 

Namibian traders can expect the following range of markets from them:

➡️ Indices

➡️ Energies

➡️ Forex

➡️ Metals

➡️ Cryptocurrencies

➡️ Shares

➡️ Futures

 

Broker Comparison for Range of Markets

JustMarkets OctaFXMarkets.com
➡️️​ ForexYesYesYes
➡️️​ Precious MetalsYesYesYes
➡️️​ ETFsNoNoYes
➡️️​ CFDsYesYesYes
➡️️​ IndicesYesYesYes
➡️️​ StocksYesYesYes
➡️️​ CryptocurrencyYesYesYes
➡️️​ OptionsNoNoNo
➡️️​ EnergiesYesYesYes
➡️️​ BondsNoNoYes

 

What financial markets can I trade?

The broker typically offers access to a diverse range of financial markets, including forex (foreign exchange), stocks, indices, commodities, and cryptocurrencies. Traders have the opportunity to diversify their portfolios and explore various trading opportunities across different asset classes.

 

Is cryptocurrency trading available?

Yes, the broker often provides traders with the opportunity to trade a variety of cryptocurrencies. Popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and others are typically available, allowing traders to participate in the dynamic world of digital currencies.

Overall Rating

Min Deposit

10 USD / 186 NAD

Regulators

FSA, CySec, FSCA, FSC

Trading Desk

MetaTrader 4, MetaTrader 5, JustMarkets App

Crypto

Yes

Total Pairs

240+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

Trading and Non-Trading Fees

Trading and Non-Trading Fees JustMarkets

 

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

Trading and Non-Trading Fees Commissions

 

Commissions are applied to the following types of accounts:

➡️ 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

Trading and Non-Trading Fees 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

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.

 

What are the trading fees associated with the broker?

The trading fees can vary depending on the type of asset you’re trading and the specific trading account you have. Typically, traders encounter spreads, commissions, and overnight financing fees when holding positions overnight. It’s important to review the fee structure for your specific trading account and the assets you plan to trade.

 

Do I need to pay non-trading fees?

The broker may charge non-trading fees, such as account inactivity fees or withdrawal fees, depending on your account type and usage. It’s essential to check the terms and conditions or the fee schedule provided by JustMarkets to understand the non-trading fees that may apply to your account.

Deposits and Withdrawals

Deposits and Withdrawals

 

The broker 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

To deposit funds to an account, 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.

 

Fund Withdrawal Process

To withdraw funds from an account, 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.

 

How can I make a deposit on JustMarkets?

To make a deposit, log in to your trading account, navigate to the deposit section, and choose your preferred payment method. You can typically fund your account using bank transfers, credit/debit cards, or various online payment systems. Follow the provided instructions to complete the deposit securely.

 

What is the withdrawal process like on JustMarkets?

Withdrawing funds from your account is usually straightforward. Go to the withdrawal section in your account, select your withdrawal method, and follow the instructions. The withdrawal process may take some time, depending on the payment method and verification procedures. Ensure that you’ve completed any necessary identity verification to expedite the withdrawal process.

Education and Research

Education and Research

 

Education

The broker offers the following Educational Materials:

➡️ Quick Start

➡️ Online Training Webinars

➡️ Bookings for future webinars

➡️ Forex Articles

➡️ Forex Glossary

➡️ Educational Videos

➡️ Currencies

 

The broker offers Namibian traders the following Research and Trading Tools:

➡️ Market Overview

➡️ Daily Forecasts

➡️ Market News

➡️ Economic Calendar

 

Does the broker offer educational resources for traders?

Yes, the broker provides a range of educational materials to support traders. These resources often include webinars, video tutorials, trading guides, and market analysis. Whether you’re a beginner or an experienced trader, you can access these materials to enhance your trading knowledge and skills.

 

Is there a daily market analysis provided by them?

Yes, they typically offer daily market analysis to keep traders informed about the latest market trends, news, and potential trading opportunities. This analysis can be valuable for making informed trading decisions and staying updated on factors that may affect your trading instruments.

Bonuses and Promotions

Bonuses and Promotions

The broker offers Namibian traders the following bonuses and promotions:

➡️ Welcome Bonus or No-Deposit Bonus

➡️ 50% Deposit Bonus

➡️ Referral bonus and program

➡️ 0% Fees on deposits and withdrawals

Does the broker offer bonuses to traders?

The broker occasionally provides bonuses and promotions to traders. These bonuses can include deposit bonuses, cashback offers, or other incentives. Traders can check the broker’s website or contact customer support to stay updated on the latest bonus offers and promotions.

Are there any specific requirements to qualify for the bonuses?

The eligibility criteria for bonuses and promotions offered by them may vary. Typically, traders need to meet specific trading volume or deposit requirements to qualify for bonuses. It’s essential to review the terms and conditions associated with each promotion to understand the requirements fully.

How to open an Affiliate Account

How to open an Affiliate Account 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.

 

Affiliate Program Features

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 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, the broker offers up to 65% returns on transactions completed by referrals.

 

Additionally, the broker 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:

➡️ A specialized affiliate manager

➡️ High conversion rates

➡️ Transparency in disclosing information

➡️ Advanced marketing tools

➡️ Immediate rewards

➡️ Payments up to $1500

 

How can I join the affiliate program?

To join the affiliate program, visit the website and look for the affiliate program section. You can usually find information on how to sign up and become an affiliate partner there. Follow the provided instructions to complete the registration process.

 

What commission structure does the affiliate program offer?

The commission structure of the affiliate program may vary. Typically, affiliates earn commissions based on the trading activity of the clients they refer. The more active clients you refer, the higher your potential earnings. Details about the commission rates and payment methods should be available on the affiliate program’s official page or can be obtained by contacting the affiliate support team at JustMarkets.

Customer Support

Customer Support

 

The broker offers dedicated customer support with typical operating hours in all languages except English, which is available 24/7.

 

How can I contact their customer support?

You can contact their customer support by visiting their website and looking for the “Contact Us” or “Support” section. They typically provide options such as live chat, email, and phone support. Choose the method that suits you best, and their support team will assist you with your inquiries.

 

Is the brokers’ customer support available 24/7?

The availability of their customer support may vary. While they strive to offer support around the clock, it’s essential to check their website or contact them directly to confirm their specific support hours. This ensures you can reach them when you need assistance with your trading account or platform.

Corporate Social Responsibility

There is currently no information regarding JustMarkets’ Corporate Social Responsibility initiatives or projects.

Verdict

The broker 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 the broker does not have the strictest regulations since the broker is only registered with the Financial Services Authority of Seychelles.

Overall Rating

Min Deposit

10 USD / 186 NAD

Regulators

FSA, CySec, FSCA, FSC

Trading Desk

MetaTrader 4, MetaTrader 5, JustMarkets App

Crypto

Yes

Total Pairs

240+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

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Pros and Cons

✔️ Pros❌ Cons
JustMarkets offers a wide range of deposit and withdrawal options that can be usedThere 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 versatilityThere 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 opportunitiesDeposit fees are charged when Namibians use crypto payments
There is a well-rounded affiliate program offeredJustMarkets 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 the broker?

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 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?

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 the broker allow hedging?

Yes, they allow several different trading strategies including hedging, scalping, news trading, automated trading, algorithms, and more.

 

Is JustMarkets regulated?

Yes, they are regulated by the Tier-3 market regulator in Seychelles, the Financial Services Authority.

 

Where is JustMarkets from?

The broker 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 the broker have Nasdaq?

Yes, they offer Nasdaq under US100, with spreads from 1 pip.

 

Is JustMarkets safe or a scam?

JustMarkets is not a scam broker. However, they have 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, the broker 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.

9.4/10 - (30 votes)