8 minute read
Does JustMarkets Have Micro Account? A Deep Dive
from JustMarkets
by Exness_India
If you're wondering, "Does JustMarkets have a micro account?" the answer is yes, JustMarkets offers a micro account called the Standard Cent Account, perfect for beginners looking to trade with minimal risk. In this article, I’ll break down everything you need to know about JustMarkets’ micro account, its features, benefits, and whether it’s the right fit for your trading journey. Let’s dive in with a to keep things clear, engaging, and packed with value.
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What Is a Micro Account, and Why Does It Matter?
Before we get into the nitty-gritty of JustMarkets’ micro account, let’s clarify what a micro account is. In forex trading, a micro account allows you to trade smaller lot sizes—typically micro-lots (1,000 units of the base currency) or cent lots (where your balance is measured in cents instead of dollars). This is a game-changer for new traders because it lowers the financial risk while letting you experience real market conditions.
Why does this matter? If you’re just starting out or testing a new strategy, you don’t want to risk big bucks. A micro account lets you dip your toes into the forex market without diving in headfirst. Now, let’s see how JustMarkets’ Standard Cent Account stacks up.
JustMarkets’ Standard Cent Account: The Micro Account You’re Looking For
JustMarkets, a broker founded in 2012 and regulated by authorities like CySEC and the Seychelles FSA, offers a Standard Cent Account designed specifically for beginners. This account is their version of a micro account, and it’s tailored to help you trade with smaller amounts while still accessing real market conditions. Here’s what you need to know:
Key Features of the Standard Cent Account
Minimum Deposit: Only $10, making it super accessible for newbies or traders on a tight budget.
Lot Size: Trades are in cent lots (0.01 cent lot = 1,000 units of the base currency), which minimizes risk.
Spreads: Starting from 0.3 pips, which is competitive for a micro account.
No Commissions: You won’t pay commission fees, keeping your trading costs low.
Leverage: Up to 1:3000, though I’d recommend sticking to lower leverage (like 1:30) to manage risk, as advised by top-tier regulators.
Platforms: Available on MetaTrader 4 (MT4), a user-friendly platform loved by millions for its simplicity and tools.
Instruments: Focused primarily on forex and metals, though the range is slightly limited compared to other account types.
This account is perfect if you’re new to trading or want to practice strategies with real money without risking too much. Your balance is measured in cents, so a $10 deposit shows as 1,000 cents, giving you more flexibility to experiment.
Why Choose JustMarkets’ Micro Account?
So, why should you consider the Standard Cent Account over other brokers or account types? Let’s break it down:
1. Low Entry Barrier
With a minimum deposit of just $10, JustMarkets makes it easy for anyone to start trading. Compare this to other brokers where micro accounts might require $50 or more (e.g., Vantage’s Cent Account requires $50). This low entry point is ideal for traders in regions with limited capital or those hesitant to commit large sums.
2. Risk Management for Beginners
Trading in cent lots means you’re risking pennies, not dollars, per pip movement. This is a huge relief for new traders who are still learning the ropes. For example, a 10-pip move on a micro lot might only cost you a few cents, compared to dollars on a standard account.
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3. Real Market Experience
Unlike a demo account, the Standard Cent Account lets you trade with real money, so you feel the emotional weight of trading decisions. Yet, the low stakes keep the pressure off. It’s like training wheels for forex trading—real enough to learn, safe enough to avoid big losses.
4. Competitive Trading Conditions
The spreads starting at 0.3 pips are quite attractive for a micro account, and the absence of commissions keeps costs down. Plus, JustMarkets’ execution speed averages around 52 milliseconds, faster than the industry average, which is great for quick trades.
5. Swap-Free Option
If you follow Islamic principles, JustMarkets offers a swap-free version of the Standard Cent Account, meaning no overnight interest fees. You’ll need to contact their support team to convert your account, but it’s a smooth process.
How Does It Compare to Other JustMarkets Accounts?
JustMarkets offers several account types—Standard, Pro, Raw Spread, Islamic, and Demo. Here’s how the Standard Cent Account compares:
Standard Account: Also has a $10 minimum deposit but uses standard lots (100,000 units), making it riskier for beginners. Spreads start at 0.3 pips, and it’s available on both MT4 and MT5.
Pro Account: Requires a $100 deposit and offers tighter spreads (from 0.1 pips), but it’s better for experienced traders handling larger volumes.
Raw Spread Account: Also $100 minimum, with spreads from 0 pips but a $3 commission per lot/side. It’s ideal for scalpers and high-frequency traders.
Demo Account: Free and risk-free, but you’re trading virtual money, so it lacks the real-market feel of the Standard Cent Account.
The Standard Cent Account stands out for its beginner-friendly setup, low risk, and affordability. If you’re not ready for larger lot sizes or higher deposits, this is the account to start with.
Pros and Cons of JustMarkets’ Micro Account
Let’s weigh the good and the bad to help you decide if this account is right for you.
Pros
Low Minimum Deposit: $10 is hard to beat for a live trading account.
No Commissions: Keeps your trading costs predictable and low.
High Leverage: Up to 1:3000, though use it cautiously to avoid wiping out your account.
Beginner-Friendly: Cent-based trading reduces risk while you learn.
Regulated Broker: JustMarkets is licensed by CySEC, FSA, FSCA, and FSC, adding a layer of trust.
Fast Execution: 52ms average execution speed is great for quick trades.
Cons
Limited Instruments: Focused on forex and metals, so you won’t get the full range of CFDs like stocks or crypto.
High Leverage Risk: 1:3000 leverage can be tempting but dangerous for newbies.
Inactivity Fee: A $5 fee kicks in after 150 days of no activity, so stay active or withdraw your funds.
Light Regulation Concerns: While regulated, the Seychelles FSA isn’t as strict as Tier-1 regulators like the FCA or ASIC.
Is JustMarkets’ Micro Account Safe?
Safety is a big concern when choosing a broker. JustMarkets takes several steps to protect your funds:
Segregated Accounts: Client funds are kept separate from the broker’s operational funds, reducing risk if the company faces financial trouble.
Negative Balance Protection: Ensures you can’t lose more than your deposit.
Encryption: SSL data transfer and multilevel server systems protect your personal and financial info.
However, some reviews, like those on TrustPilot, mention delays in deposits or withdrawals, with a few users reporting issues that required public complaints to resolve. While JustMarkets’ customer service is generally responsive, it’s worth testing their support with small deposits first. Also, their regulation by the Seychelles FSA is less robust than Tier-1 regulators, so proceed with caution.
How to Get Started with JustMarkets’ Micro Account
Ready to try the Standard Cent Account? Here’s a quick guide:
Register: Visit JustMarkets’ website, click “Registration,” and fill in your name, email, and password.
Verify: Complete the verification process with your ID and proof of address.
Choose Account: In the “Back Office,” select the Standard Cent Account and MT4 platform.
Deposit: Fund your account with at least $10 via options like Visa, Skrill, Bitcoin, or bank transfer. Deposits are usually processed within 30 minutes.
Start Trading: Download MT4, log in, and begin trading micro-lots.
Pro tip: Start with a demo account to practice, then move to the Standard Cent Account once you’re confident.
Who Should Use JustMarkets’ Micro Account?
The Standard Cent Account is ideal for:
Beginners: If you’re new to forex, this account lets you trade with real money at low risk.
Strategy Testers: Perfect for trying out new trading strategies without big losses.
Budget Traders: Great for those with limited capital who still want live market experience.
Islamic Traders: The swap-free option caters to those needing Sharia-compliant accounts.
If you’re an experienced trader looking for tighter spreads or more instruments, consider the Pro or Raw Spread accounts instead.
Final Thoughts: Is JustMarkets’ Micro Account Worth It?
Yes, JustMarkets’ Standard Cent Account is a fantastic option for beginners or cautious traders. With a $10 minimum deposit, cent-based trading, no commissions, and competitive spreads, it’s a low-risk way to enter the forex market. The MT4 platform, fast execution, and swap-free options add to its appeal. However, be mindful of the high leverage risks, limited instrument range, and lighter regulation compared to top-tier brokers.
If you’re ready to start small and learn the ropes, JustMarkets’ micro account is a solid choice. Just stick to sound risk management, test the waters with a demo first, and keep an eye on your account activity to avoid inactivity fees.
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