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Exness vs JUSTMARKETS Review Compare broker
Exness vs JUSTMARKETS Review Compare broker
The forex trading industry has seen significant growth in recent years, with brokers vying to offer the best services to traders. In this article, we provide a comprehensive Exness vs. JUSTMARKETS Review, comparing the two brokers on critical factors such as trading platforms, account types, fees, customer support, and more. Whether youβre an experienced trader or a beginner, understanding these differences will help you make an informed decision.
Overview of Exness and JUSTMARKETS
Exness Overview
Exness is a globally recognized forex broker known for its transparency and innovative trading tools. Established in 2008, Exness offers traders access to a wide range of financial instruments, including forex, CFDs, commodities, and cryptocurrencies. With cutting-edge platforms and competitive trading conditions, Exness has built a reputation as a reliable broker for both retail and institutional traders.
π Open Exness An Account β
π Visit Website Exness Official β
JUSTMARKETS Overview
Formerly known as JustForex, JUSTMARKETS is a well-known broker offering flexible trading conditions. With a focus on providing personalized services, JUSTMARKETS caters to traders of all experience levels. They offer diverse account types and competitive spreads, making them a popular choice in regions like Asia and Africa.
πππ Just markets: Open An Accountβ
π₯π₯π₯ Visit site: Justmarkets Brokerβ
Trading Platforms: Exness vs. JUSTMARKETS Review
Exness Trading Platforms
Exness provides access to popular trading platforms, including:
MetaTrader 4 (MT4) and MetaTrader 5 (MT5): These platforms are ideal for forex and CFD traders, offering advanced charting tools, multiple order types, and automated trading options.
Exness Terminal: A proprietary platform designed for web-based trading with user-friendly interfaces.
Mobile App: The Exness mobile app is intuitive and packed with features, allowing traders to monitor the market and execute trades on the go.
JUSTMARKETS Trading Platforms
JUSTMARKETS also offers industry-standard platforms:
MT4 and MT5: JUSTMARKETS supports both platforms, providing traders with flexibility and access to advanced tools.
JUSTMARKETS Mobile App: The app is designed for convenience, offering seamless navigation and efficient trading options.
Verdict: Both brokers excel in providing powerful platforms. However, Exness stands out with its proprietary terminal and additional features tailored for advanced traders.
Account Types Comparison
Exness Account Types
Exness offers a range of account types to suit diverse trading needs:
Standard Account: Ideal for beginners, featuring low spreads and no commissions.
Pro Account: Designed for professional traders, offering tighter spreads and faster execution.
Raw Spread and Zero Accounts: These accounts cater to high-frequency traders, with near-zero spreads and competitive commissions.
π Open Exness An Account β
π Visit Website Exness Official β
JUSTMARKETS Account Types
JUSTMARKETS provides various account options:
Standard Cent Account: Aimed at new traders to test strategies with minimal risk.
Standard Account: Offers competitive spreads with no commissions.
Pro and Raw Spread Accounts: Tailored for experienced traders who require tighter spreads and lower trading costs.
Verdict: While both brokers offer diverse account types, Exness provides more competitive options for high-volume traders.
Trading Fees and Spreads: Exness vs. JUSTMARKETS Review
Exness Fees
Spreads: As low as 0.1 pips on Zero accounts.
Commissions: From $3.5 per lot on Raw Spread accounts.
Swap-Free Options: Available for Islamic accounts.
Deposit/Withdrawal Fees: No hidden charges; instant processing for many methods.
JUSTMARKETS Fees
Spreads: Start from 0.3 pips on Pro accounts.
Commissions: $2 to $4 per lot, depending on the account type.
Swap-Free Accounts: Offered to traders following Islamic finance principles.
Deposit/Withdrawal Fees: Limited processing fees for specific methods.
πππ Just markets: Open An Accountβ
π₯π₯π₯ Visit site: Justmarkets Brokerβ
Verdict: Exness edges ahead with tighter spreads and commission-free options on standard accounts.
Regulation and Security
Exness Regulation
Exness operates under multiple regulatory frameworks:
FCA (UK), CySEC (Cyprus), and other reputable bodies.
Negative balance protection and segregated client funds ensure high safety levels.
JUSTMARKETS Regulation
JUSTMARKETS is regulated by IFSC (Belize) and complies with international standards. While not as robust as Exnessβs licensing, it provides adequate security measures.
Verdict: Exness has stronger regulatory credentials, making it a safer choice for global traders.
Leverage and Margin Requirements
Exness Leverage
Exness offers flexible leverage of up to 1:Unlimited (depending on region), making it attractive to high-risk traders. However, leverage varies based on the account type and regulatory restrictions.
JUSTMARKETS Leverage
JUSTMARKETS provides leverage up to 1:3000, depending on the account type and traderβs location. This high leverage is appealing to risk-tolerant traders.
Verdict: Both brokers offer competitive leverage, but Exnessβs flexibility gives it a slight edge.
Deposit and Withdrawal Options
Exness Payment Methods
Instant deposits and withdrawals via bank transfers, credit/debit cards, e-wallets, and cryptocurrencies.
No fees for most transactions.
JUSTMARKETS Payment Methods
Supports bank transfers, cards, e-wallets, and mobile money.
Processing times are slightly longer for some methods.
Verdict: Exness wins with its instant processing and broader payment options.
Customer Support: Exness vs JUSTMARKETS Review
Exness Support
24/7 customer service via live chat, email, and phone.
Multilingual support in over 15 languages.
JUSTMARKETS Support
Available through live chat, email, and phone.
Limited operating hours compared to Exness.
Verdict: Exness offers superior support with round-the-clock assistance.
Educational Resources
Exness Education
Free access to trading tutorials, webinars, and market analysis.
Advanced tools like economic calendars and calculators.
JUSTMARKETS Education
Offers basic tutorials and guides for beginners.
Limited compared to Exness.
Verdict: Exness provides a more comprehensive educational suite.
Pros and Cons
Exness Pros
Tight spreads and flexible leverage.
Strong regulatory framework.
Instant deposits and withdrawals.
Exness Cons
High leverage may not suit all traders.
JUSTMARKETS Pros
Wide range of account types.
Competitive spreads and commissions.
JUSTMARKETS Cons
Regulation is less robust compared to Exness.
Conclusion: Exness vs. JUSTMARKETS Review
Both Exness and JUSTMARKETS are reliable brokers with unique strengths. For traders seeking tight spreads, instant withdrawals, and strong regulation, Exness emerges as the better option. On the other hand, JUSTMARKETS appeals to traders who prefer flexibility in account types and high leverage.
We hope this detailed Exness vs JUSTMARKETS Review helps you make an informed choice that aligns with your trading goals.