Just2Trade.com Review: this is the website of a Forex broker that is based in Cyprus. Is Just2Trade a scam Forex broker or a legit one? Forex brokers are many in the market and it is vital that traders find out trading details of brokerages they want to invest in.
The most vital part of our reviews is the uncovering of if a company or Forex broker is properly licensed or not. To do this, we first establish the location or region where it claims to be based. Then we check with the commission or authority regulating trade there whether it is listed among regulated companies or not.
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Just2Trade discloses that it is based in Cyprus. Forex trading is regulated by the Cyprus Securities and Exchange Commission (CySEC) in this region. When we checked the online register of this commission we found that Just2Trade is properly licensed and registered.
Trading with a Forex broker that is licensed reduces many dangers to traders’ funds. Misappropriated funds can be recoverable by the government as well. Licensed brokerages are under many rules of trade and this gives traders a level of assurance.
Advantages of Just2Trade
The broker has been in existence since 2006 and has a large customer base. It is certified properly and gives reliable protection and safety for capital. Low commissions apply and instant execution as well as high-quality research.
It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.
However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.
Just2Trade Trading Platform
Just2Trade offers trading access on the MetaTrader 4 and 5 trading platform, as well as one called TraderX. We advise readers and traders to always look out for the MT4 or MT5 platforms. The MetaTrader platforms are commonly used because they allow the use of trading robots.
Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.
These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating systems. All can be used on desktops, Linus, Windows, iOS, and Android.
Tools that come with these trading platforms are also found to be useful for traders. It has proven to be user-friendly as well and helps traders in analyzing the market easily.
Trading instruments offered to traders are said to be about 90,000 in number depending on the account type used by a client. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.
The maximum leverage offered to clients is 1:200 and while this may seem generous, it is not advisable. High leverages can lead to huge loss of funds as well. Spreads are 0.5 pip on the EURUSD pairs which is quite low and encouraging.
Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.
Deposit and Withdrawal methods on Just2Trade
The means that traders are to use to make deposits and withdrawals are VISA, iDEAL, MasterCard, POLi, UnionPay, Qiwi, WebMoney, Skrill, Neteller, PayPal, Ngan Luong, and Bank transfer. It is encouraging that e-wallets are allowed.
This is because standard and legit brokers make deposits and withdrawals available via Visa, MasterCard, and Wire Transfer. Many offer e-wallets like Skrill, Neteller, UnionPay, FasaPay, and so on.
The minimum deposit required is $100 and this is within the obtainable average of $100 to $250 that is common among legit brokers. Withdrawal fees are not mentioned and this may be because they do not apply. However, we will appreciate it if this is stated.
This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.
Is Just2Trade Licensed?
Yes. Just2Trade is a properly licensed and registered Forex broker. The Cyprus Securities and Exchange Commission (CySEC) authorizes the brokerage to trade in Europe.
Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.
To contact the broker or an agent of the customer service, interested clients are directed to dial: +357 25 030 442 or email: email@example.com.
Just2Trade is a licensed broker and thus, we rate it highly. It offers a very good trading platform and affordable minimum deposit requirement. Spreads are low and no commissions are charged for some accounts. If you have anything to say about this broker, do so in the comment section.
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