8 minute read
JustMarkets Review UAE: Is It the Right Forex Broker for You?
from JustMarkets
by Exness_India
If you’re a trader in the UAE looking for a reliable forex broker, you’ve likely come across JustMarkets. But is it the right choice for you? In this JustMarkets review for UAE traders, I’ll dive straight into what makes this broker stand out, its pros and cons, and whether it’s a good fit for your trading needs. With Dubai as a growing hub for forex trading, choosing a broker that’s regulated, user-friendly, and tailored to the UAE market is crucial. Let’s break it down in a so you can decide if JustMarkets is worth your time and money.
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What Is JustMarkets, and Why Should UAE Traders Care?
JustMarkets, formerly JustForex, is a global forex and CFD broker founded in 2012. It’s regulated by reputable authorities like CySEC (Cyprus), FSA (Seychelles), FSCA (South Africa), and FSC (Mauritius), making it a trusted option for traders worldwide, including in the UAE. With over 260 trading instruments, low spreads starting at 0.0 pips, and leverage up to 1:3000, it’s designed to appeal to both beginners and seasoned traders. For UAE traders, JustMarkets offers localized payment methods, 24/7 support, and a platform that aligns with the region’s fast-paced forex scene.
Why does this matter? The UAE, especially Dubai, is a hotspot for forex trading, with a regulated market overseen by the Central Bank and the Securities and Commodities Authority (SCA). JustMarkets operates legally in the UAE, offering a secure environment for traders who want competitive conditions without worrying about scams. But let’s get into the nitty-gritty of what you’ll experience with this broker.
Key Features of JustMarkets for UAE Traders
Here’s what you need to know about JustMarkets’ offerings, tailored to the UAE market:
1. Trading Platforms: MT4 and MT5
JustMarkets supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), the gold standards for forex trading. Both platforms are available on desktop, mobile, and web, so you can trade from your Dubai office or while sipping coffee in Abu Dhabi. The platforms are user-friendly, with advanced charting tools, automated trading options, and fast execution speeds (as low as 0.01 seconds). Whether you’re scalping or holding long-term positions, these platforms have you covered.
2. Low Spreads and High Leverage
One of JustMarkets’ biggest draws is its tight spreads, starting from 0.0 pips on the Raw Spread account. For UAE traders, this means lower trading costs, which is a big deal in a competitive market. The broker also offers leverage up to 1:3000 for professional clients (1:30 for retail clients under justmarkets.eu), allowing you to maximize your capital. But a word of caution: high leverage comes with high risk, so manage it wisely.
3. Variety of Account Types
JustMarkets caters to different trading styles with four account types:
Standard Cent: Perfect for beginners with a $10 minimum deposit and micro-lot trading.
Standard: Ideal for most traders, with no commission and spreads from 0.3 pips.
Pro: For advanced traders, offering tighter spreads (0.1 pips) and a $100 minimum deposit.
Raw Spread: Best for scalpers, with zero spreads and a $3 commission per lot.
UAE traders can also opt for a swap-free Islamic account, which is a huge plus for those following Sharia principles.
4. Localized Payment Methods
Depositing and withdrawing funds is seamless for UAE traders. JustMarkets supports a wide range of payment options, including Visa, MasterCard, Skrill, Neteller, Perfect Money, and cryptocurrencies like Bitcoin and Tether. There are no deposit or withdrawal fees (unless charged by your payment provider), and withdrawals are often processed instantly or within hours. This is a big win for traders who value quick access to their funds.
5. 24/7 Customer Support
JustMarkets offers round-the-clock support via live chat, email, and call-back requests. For UAE traders, this means you can get help during market hours, even in the middle of the night. Reviews highlight the support team’s responsiveness, with agents like Sasa being praised for patience and problem-solving.
6. Educational Resources and Tools
New to forex? JustMarkets has your back with a learning center, market analysis, and daily forecasts. These resources help UAE traders stay informed about market trends and make better decisions. The broker also offers copy trading, though some users note it could use improvement compared to competitors.
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Pros of Trading with JustMarkets in the UAE
Let’s talk about what makes JustMarkets shine for UAE traders:
Regulation and Safety: Regulated by CySEC, FSA, FSCA, and FSC, JustMarkets ensures client funds are held in segregated accounts and protected by negative balance protection. This is reassuring for UAE traders who prioritize security.
Competitive Trading Conditions: Low spreads, high leverage, and no hidden fees make it cost-effective.
Localized Services: From Islamic accounts to local payment methods, JustMarkets caters to the Gulf region’s needs.
Fast Execution: With execution speeds around 52 milliseconds, you won’t miss opportunities during volatile markets.
User-Friendly Platforms: MT4 and MT5 are reliable and accessible, even for beginners.
High Trust Score: JustMarkets has a 4.8/5 rating on Trustpilot, with 3,538 reviews praising its transparency and customer service.
Cons to Consider
No broker is perfect, and JustMarkets has some drawbacks:
Inconsistent Withdrawal Times: While many users report instant withdrawals, others have experienced delays of a few hours or even a day. This lack of consistency can be frustrating.
Limited Copy Trading Features: The copy trading system isn’t as robust as some competitors, which might disappoint traders looking to follow experts.
No Real Stocks or Crypto: JustMarkets offers CFDs on stocks and cryptocurrencies but not the underlying assets, which may limit some traders.
Mixed Reviews on Support: While most feedback is positive, some users report automated replies or slow resolutions for complex issues.
Is JustMarkets Safe and Legit in the UAE?
Yes, JustMarkets is legal and safe for UAE traders. It’s regulated by multiple authorities, including Cy../CySEC, which ensures compliance with international standards. The broker operates under the Seychelles Financial Services Authority (FSA) and other licenses, providing a secure trading environment. Client funds are held in segregated accounts, and negative balance protection prevents you from losing more than your deposit. For UAE traders, this means you can trade with confidence, knowing your funds are protected.
However, some reviews on platforms like Trustpilot and Forex Peace Army mention issues like delayed deposits or withdrawals, with one user reporting a four-day wait for a $32.70 deposit to be credited. While these cases seem to be exceptions rather than the norm, they highlight the importance of staying proactive with customer support if issues arise.
How to Get Started with JustMarkets in the UAE
Ready to try JustMarkets? Here’s how to start:
Register: Sign up on justmarkets.com and verify your account with a government-issued ID and proof of address (e.g., a utility bill).
Choose an Account: Pick from Standard Cent, Standard, Pro, or Raw Spread accounts. You can also try a demo account to practice risk-free.
Deposit Funds: Use a local payment method like Visa or crypto. The minimum deposit is $10 for Standard and Cent accounts, $100 for Pro and Raw Spread.
Download MT4 or MT5: Set up your preferred platform, choose your leverage, and start trading.
What UAE Traders Are Saying About JustMarkets
Feedback from UAE traders is mostly positive. On Trustpilot, JustMarkets has a 4.1/5 rating from 3,538 reviews, with users praising fast withdrawals, tight spreads, and responsive support. One trader highlighted instant bank transfers, saying, “Deposits are smooth and withdrawals are instant like nobody’s business.” However, some users have reported issues like spread manipulation or unexpected leverage changes, though these seem less common. Always cross-check reviews on platforms like Forex Peace Army to get a balanced view.
Is JustMarkets Right for You?
JustMarkets is a solid choice for UAE traders looking for a regulated broker with competitive spreads, high leverage, and a variety of account types. Its localized services, like Islamic accounts and diverse payment options, make it a great fit for the Gulf region. However, be prepared for occasional withdrawal delays and a less-than-stellar copy trading system. If you’re a beginner or a pro seeking low-cost trading with reliable platforms, JustMarkets is worth considering.
Before diving in, try a demo account to test the waters. And always remember: forex trading carries risks, with 74-89% of retail traders losing money due to leverage. Trade smart, and don’t risk more than you can afford to lose.
Final Thoughts
JustMarkets stands out as a trusted, user-friendly broker for UAE traders, offering low spreads, fast execution, and strong regulation. While it has minor flaws, like inconsistent withdrawal times, its overall package—especially for forex and CFD trading—makes it a top contender in Dubai’s booming market. Ready to start your trading journey? Head to justmarkets.com, open an account, and see if it’s the right fit for you. Happy trading
✅ Trade with JustMarkets now: Open An Account or Visit Brokers 👈
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