6 minute read
JustMarkets vs FXPesa: Which Broker Is Right for You?
from JustMarkets
by Exness_India
If you're trying to decide between JustMarkets and FXPesa as your forex broker, you’re likely looking for a platform that matches your trading style, offers competitive pricing, and is both trustworthy and user-friendly. The decision should not be based on hype or marketing claims but on a clear understanding of what each broker offers and which one aligns with your specific needs.
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Let’s break it down and go straight to the point.
Regulation and Trust: How Secure Is Your Money?
JustMarkets is a global broker regulated by the Financial Services Authority (FSA) of Seychelles. It operates in numerous countries, especially popular in Asia and Africa. Though it's not regulated by top-tier authorities like the FCA or ASIC, JustMarkets has built a solid reputation among retail traders and provides negative balance protection, segregated accounts, and transparency in operations.
FXPesa, on the other hand, is a brand of EGM Securities, regulated by the Capital Markets Authority (CMA) of Kenya. For traders in East Africa, especially Kenya, FXPesa offers a strong local presence, compliance with national regulation, and trust backed by local partnerships and initiatives.
Verdict:
If you're trading from Kenya or East Africa, FXPesa might feel safer and more accessible thanks to local licensing and mobile money integrations. But if you’re outside that region and want broader global access, JustMarkets offers a wider international footprint.
Trading Platforms: MetaTrader vs Proprietary Solutions
Both brokers support the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are industry standards for forex trading.
JustMarkets allows access to both MT4 and MT5 on desktop, web, and mobile. They don’t have a proprietary platform, but their integration of the MetaTrader suite is smooth, responsive, and equipped with trading tools like indicators, EAs (Expert Advisors), and VPS hosting.
FXPesa also provides MT4 access but adds its FXPesa Trader proprietary web platform. While not as advanced as MetaTrader, it offers simplicity for beginners and is mobile-friendly. This can be useful if you’re new to trading or prefer a streamlined interface.
Verdict:
For experienced traders, JustMarkets with MT5 and advanced tools gives you more flexibility. But for beginners or casual traders, FXPesa offers simplicity with a more beginner-oriented design.
Account Types and Minimum Deposits
This is where the two brokers take very different approaches.
JustMarkets provides multiple account types:
· Standard, Pro, and Raw Spread
· Minimum deposit: as low as $1
· Leverage: up to 1:3000 (depending on region and account type)
· Raw Spread accounts with tight spreads and low commissions
FXPesa keeps it simpler with:
· Executive Account and Premier Account
· Minimum deposit: $5
· Leverage: up to 1:400
· Competitive spreads, but slightly wider than JustMarkets on major pairs
FXPesa’s simplicity helps beginners not get overwhelmed by options. JustMarkets gives advanced users more room to tailor their accounts.
Verdict:
If you want more control, high leverage, and advanced account types, go with JustMarkets. If you prefer simple account options and low entry requirements, FXPesa is ideal.
✅ Trade with JustMarkets now: Open An Account or Visit Brokers 👈
Spreads and Fees: Who Offers Better Pricing?
Cost matters a lot in trading, especially if you trade frequently.
JustMarkets offers:
· Spreads from 0.0 pips on Raw Spread accounts
· Commission: $3 per lot per side (on Raw Spread)
· Low to zero fees on deposits/withdrawals
· Tight spreads on major pairs, especially for Pro and Raw accounts
FXPesa offers:
· Spreads from around 1.4 pips on major pairs (Executive account)
· Commission-based pricing on Premier accounts
· No deposit fees and flexible withdrawal methods (including mobile money in Kenya)
While FXPesa’s pricing is fair, it’s generally less competitive than JustMarkets, especially for high-volume or scalping traders.
Verdict:
If you are cost-sensitive or scalping, JustMarkets gives better pricing and tighter spreads. FXPesa is still fair, but not ideal for ultra-low-cost strategies.
Deposit and Withdrawal Methods
JustMarkets supports a wide range of global payment systems:
· Bank transfers
· Credit/debit cards
· E-wallets (Skrill, Neteller)
· Crypto deposits
· Local payment methods depending on country
FXPesa stands out in Kenya with:
· M-Pesa integration
· Local bank support
· Fast withdrawals
· No crypto or e-wallets yet
For Kenyan traders, the ability to deposit and withdraw via M-Pesa is a game-changer. For international users, JustMarkets’ broader range offers more convenience.
Verdict:
If you use M-Pesa or local banks in Kenya, FXPesa is unbeatable. If you prefer crypto, e-wallets, or global transfers, JustMarkets has more flexibility.
Education and Customer Support
JustMarkets offers:
· Economic calendar
· Market analysis
· Educational articles
· 24/7 multilingual live chat support
· Fast email responses
FXPesa provides:
· Free webinars for African traders
· Trading courses and YouTube tutorials
· WhatsApp support
· Office presence in Nairobi
FXPesa goes beyond by localizing education and offering physical workshops, something JustMarkets doesn’t provide. JustMarkets, however, has more comprehensive global materials.
Verdict:
For Kenyan traders or beginners, FXPesa’s localized support and educational focus is a huge plus. For a more global, self-driven learning experience, JustMarkets is more comprehensive.
Bonus Programs and Promotions
JustMarkets is known for:
· No-deposit bonuses (limited-time offers)
· 100% deposit bonuses
· Loyalty programs and trading contests
FXPesa is more conservative:
· Occasional cashback or trading credits
· No aggressive promotions
Bonuses can be helpful if you understand the terms. JustMarkets is clearly more active in promotions, which appeals to bonus hunters and aggressive traders.
Verdict:
If you like trading promotions and bonuses, JustMarkets has the edge. If you prefer a clean, regulation-compliant experience without bonuses, FXPesa suits you.
Geographic Focus and Target Audience
JustMarkets is built for the global audience, with a strong presence in Southeast Asia, Nigeria, South Africa, and Latin America. The support team and website are translated into many languages.
FXPesa focuses almost exclusively on East Africa, particularly Kenya. Everything from customer service to marketing is built around Kenyan users.
Verdict:
FXPesa is great for Kenyan traders wanting a local, regulated experience. JustMarkets is better for international users who want broader asset access and flexible tools.
Final Verdict: Which Broker Is Right for You?
It all boils down to who you are and what you need as a trader.
· If you're a Kenyan resident, new to forex, and want local support, simple deposits via M-Pesa, and accessible education, FXPesa is the right choice.
· If you're an international trader, looking for tight spreads, high leverage, more account choices, and crypto payment options, then JustMarkets offers a more complete trading experience.
Neither broker is objectively “better.” They simply serve different markets with different needs.
Summary: Who Should Choose What?
· Choose JustMarkets if you...
o Trade high volume or scalp
o Want raw spreads and MT5
o Need global deposit/withdrawal options
o Prefer higher leverage and more promotions
· Choose FXPesa if you...
o Live in Kenya or East Africa
o Want M-Pesa integration
o Prefer localized education and support
o Are new to trading and need simplicity
Final Thoughts
Choosing between JustMarkets and FXPesa isn’t just about features. It’s about fit—what platform feels more natural to your trading goals, experience level, and local needs.
Both brokers are legitimate and offer unique strengths. Pick the one that aligns with your current trading journey—and be ready to switch if your needs evolve over time.
✅ Trade with JustMarkets now: Open An Account or Visit Brokers 👈
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