Is Justmarkets An ECN Broker? Review Broker

The world of Forex trading is saturated with brokers making bold claims. Some promise tight spreads, others guarantee lightning-fast execution. But the real question smart traders are asking is: Is Justmarkets an ECN Broker?

In this in-depth guide, we will unveil the truth behind Justmarkets' trading infrastructure and evaluate whether it truly qualifies as an ECN (Electronic Communication Network) broker or if it's merely adopting the label as a marketing tactic.

1. Introduction to ECN Brokers

Before diving into Justmarkets, it's essential to understand what an ECN broker is. ECN brokers use an electronic system to match buy and sell orders in the Forex market. They connect traders directly with liquidity providers, such as banks or other traders, offering greater transparency, tighter spreads, and faster execution speeds.

This model differs drastically from market makers, who take the opposite side of a client's trade and often introduce potential conflict of interest.

An ECN broker operates without a dealing desk and provides raw spreads with a small commission per trade.

2. Who Is Justmarkets?

Justmarkets is a globally recognized Forex and CFD broker that claims to offer trading services with a focus on low spreads, advanced platforms, and excellent customer support. Founded in 2012, Justmarkets has grown rapidly, attracting a wide range of retail and institutional clients.

They provide access to various trading instruments including:

• Forex currency pairs

• Cryptocurrencies

• Indices

• Commodities

But while their platform appears robust, the crucial question remains: Is Justmarkets an ECN broker or not?

3. Justmarkets' Account Types

Justmarkets offers several account types, each tailored to different levels of experience and trading needs:

• Standard Account – Suitable for beginners with zero commissions and variable spreads.

• Pro Account – Offers tighter spreads and higher leverage for experienced traders.

• Raw Spread Account – Claims to offer ECN-like trading with raw spreads and commission.

✅ This last option is where most traders begin to believe Justmarkets may operate as an ECN broker.

4. What Makes a Broker ECN?

To be considered an ECN broker, several key characteristics must be present:

• No dealing desk intervention

• Direct market access to liquidity providers

• Transparent order book

• Variable spreads based on market conditions

• Charge commissions instead of marking up spreads

So, the primary test is whether Justmarkets meets these criteria in full.

5. Is Justmarkets Truly ECN? ✅

Yes and no. Let’s break it down:

Justmarkets' Raw Spread account offers features often associated with ECN brokers:

• Spreads starting from 0.0 pips

• Commissions per trade

• Fast order execution

However, they do not explicitly state they offer direct access to liquidity providers or operate without a dealing desk on all accounts.

Therefore, it’s fair to say: Justmarkets provides ECN-style trading conditions but may not be a pure ECN broker in the strictest sense.

6. Execution Speed & Order Matching

Execution speed is a vital metric. True ECN brokers pride themselves on:

• Ultra-fast order matching

• Minimal slippage

• Stable connection to liquidity pools

Traders using Justmarkets often report:

✅ Fast execution ❌ Occasional slippage during high volatility

This aligns more with hybrid ECN/STP (Straight Through Processing) models than pure ECN setups.

7. Spreads, Commissions & Transparency

Transparency is key. A broker that hides spreads or increases them during news events is likely not ECN.

Justmarkets offers:

• Raw spreads from 0.0 pips

• Fixed commission per lot traded

• Detailed trade reports

✅ This level of clarity supports their ECN claims.

But transparency in execution reporting could still be improved.

8. Regulation & Trustworthiness

A broker's regulatory status gives clues about its legitimacy. Justmarkets is regulated by:

• FSC of Mauritius

While this is a recognized regulator, it’s not as stringent as FCA (UK) or ASIC (Australia). Traders should proceed with caution and always do personal due diligence.

❌ Lack of top-tier regulation may concern professional traders.

9. Trader Experience: Real Feedback

Feedback from the trading community helps verify claims. Many Justmarkets users report:

• Positive platform experience

• Easy deposit and withdrawal

• Helpful customer service

However, others cite:

• ❌ Delays in execution during news

• ❌ Spread widening on Standard accounts

10. Pros and Cons of Trading with Justmarkets

Pros:

• ✅ Competitive spreads

• ✅ MT4 and MT5 platforms

• ✅ Multiple account types

• ✅ ECN-like Raw Spread account

Cons:

• ❌ Not fully transparent about ECN infrastructure

• ❌ Limited regulation

• ❌ High volatility may lead to slippage

11. How to Get Started with Justmarkets

Getting started is simple and takes just a few steps:

1. Visit the Justmarkets website

2. Register for an account

3. Verify your identity (KYC)

4. Fund your account using bank transfer, card, or e-wallet

5. Choose the Raw Spread account for ECN-style trading

Ready to trade like a pro? Open your account with Justmarkets today and experience the edge of raw market pricing!

12. Advanced Features and Tools

Justmarkets provides:

• MetaTrader 4 & 5 platforms

• Copy Trading service

• Economic Calendar

• Free analytics & market insights

These tools are essential for traders aiming to capitalize on fast-moving markets.

13. Marketing vs. Reality ❌

Many brokers market themselves as ECN to attract sophisticated traders. Here’s where marketing and reality sometimes diverge:

• Claim ECN but run dealing desks ❌

• Advertise 0.0 pips, but widen spreads during news ❌

• Use “Raw” terms loosely ❌

Justmarkets seems to straddle the line. While they offer ECN-like conditions, a full confirmation of direct ECN infrastructure is lacking.

14. Final Verdict: Should You Trust Justmarkets?

So, is Justmarkets an ECN broker?

They are ECN-style, but not verifiably a pure ECN broker. Their Raw Spread account mimics ECN features effectively:

✅ Tight spreads✅ Commission-based pricing✅ Advanced trading platforms

But lacking full transparency on order routing means traders should remain informed and test with smaller capital first.

For retail traders, Justmarkets presents a compelling offer.

For pros, deeper ECN transparency may be preferred elsewhere.

15. FAQs About Justmarkets as an ECN Broker

Q1: Is Justmarkets a regulated ECN broker?A: Justmarkets is regulated by FSC Mauritius but not top-tier regulators like FCA or ASIC.

Q2: Which account type offers ECN-like trading?A: The Raw Spread account offers ECN-style features.

Q3: Do they charge commissions?A: Yes, on the Raw Spread account, trades incur a small commission per lot.

Q4: Can beginners use Justmarkets?A: Absolutely! The Standard account is beginner-friendly with no commissions.

Q5: Are spreads really from 0.0 pips?A: Yes, but typically during low-volatility periods. Spreads widen with market movement.

Q6: Does Justmarkets have a dealing desk?A: Unclear. They don’t officially disclose their order routing method.

Q7: Is MT5 available with ECN conditions?A: Yes, MT5 is supported for all account types.

Q8: What’s the minimum deposit?A: As low as $1 depending on the account type.

Q9: How is the withdrawal process?A: Most users report smooth and fast withdrawals.

Q10: Can I use automated trading systems?A: Yes, Justmarkets supports EAs and algorithmic trading.

If you’re looking for a Forex broker that feels like ECN but won’t break the bank — Justmarkets might just be your edge. ✅

Ready to try it out?Take control of your trades — open your Justmarkets account now!