JustMarkets Malaysia Review

JustMarkets Malaysia offers a platform for Forex and CFD trading that caters to traders with diverse needs and levels of expertise. With a focus on providing an accessible and comprehensive trading experience, JustMarkets presents various account types including Standard Cent, Standard, Pro, and Raw Spread. These accounts are designed to suit the preferences of different traders, from novices to professionals seeking competitive trading conditions.

Regulation and security are important aspects of financial trading. In Malaysia, JustMarkets operates within the regulatory framework established by the Seychelles Financial Services Authority (FSA), ensuring that the broker adheres to the policies that govern financial markets. For Malaysian traders, this provides a layer of trust and assurance in the broker’s operations. Additionally, JustMarkets strives to enhance its users’ trading experience by offering a range of financial products, advanced trading platforms, and dedicated customer support.

Overview of JustMarkets Malaysia

JustMarkets Malaysia boasts a commitment to providing convenient and transparent trading services. Catering to a diverse clientele, they offer over 170 trading assets including currency pairs and precious metals. Their platform choices, MetaTrader 4 and MetaTrader 5, are industry-leading options that cater to traders of varying skill levels.

Traders have access to significant market liquidity, with JustMarkets connecting them to the financial stability of the 18 largest banks in the world. This relationship exemplifies their dedication to offering robust and comprehensive trading opportunities in the Forex landscape.

The company’s offerings are also in line with the regulatory frameworks pertinent to Malaysia, ensuring that they comply with local requirements. This regulatory compliance helps safeguard traders’ interests and maintains the integrity of the trading environment.

Key Features of JustMarkets Malaysia:

• Platforms: MetaTrader 4, MetaTrader 5
• Assets Offered: Currency pairs, Precious metals
• Liquidity Access: Connection to 18 significant world banks
• Regulatory Compliance: Adherence to local trading regulations

JustMarkets’ educational resources and guides on Forex trading reflect their dedication to empowering traders with the knowledge to navigate the market confidently in 2024. They maintain a strong presence in Malaysia, offering an array of services that appeal to both novice and experienced traders.

This overview provides a snapshot of JustMarkets Malaysia’s significant features, emphasizing their role in the Malaysian Forex trading community.

Regulatory Framework

In Malaysia, regulatory bodies are in place to protect traders and ensure a safe trading environment. These bodies enforce rules and regulations aimed at preventing scams and illegal operations within financial markets.

Just Global Markets (MU) Limited, associated with JustMarkets, is regulated by the Financial Services Commission (FSC) in Mauritius. Its regulatory status is affirmed under license number GB22200881. However, it’s important for Malaysian traders to note that JustMarkets does not hold a license from local financial regulatory authorities in Malaysia. Nevertheless, it is regulated under a reputable jurisdiction.

Malaysia’s own regulatory framework is overseen by Bank Negara Malaysia, which enforces the legal framework for financial stability. The regulatory system has been positively reviewed by international organizations like the International Monetary Fund and World Bank. The system includes measures for Domestic Systemically Important Banks (D-SIBs), which entail stringent requirements such as the maintenance of additional capital buffers in the form of Common Equity Tier 1 (CET1).

It’s crucial for traders to understand that trading with firms regulated in different jurisdictions, such as JustMarkets, does not provide the same level of local protection that they would receive from a firm regulated by Malaysian authorities. Despite this, the firm’s adherence to regulation within its licensed jurisdiction provides a degree of reliability and trustworthiness.

Financial Products Offered

JustMarkets Malaysia, recognizably catering to a diverse clientele, offers an array of financial products on its trading platforms which includes MetaTrader 4 and MetaTrader 5. They serve as avenues for traders to engage with various instruments for trading.

• Currency Pairs: One of the primary offerings is the ability to trade in numerous currency pairs, allowing traders to speculate on the exchange rates between different global currencies.
• Precious Metals: Traders also have the option to invest in precious metals, which often serve as safe-haven assets or hedges against inflation.

In addition to these offerings, JustMarkets Malaysia provides access to market liquidity from some of the world’s largest banks, enabling reliable trade execution. It is emphasized that trading in these markets requires an understanding of the risks involved.

Traders have several account types to choose from:

• Standard Cent
• Standard
• Pro
• Raw Spread

Each account type is designed to meet different trading needs and strategies. It is important to evaluate each account type carefully and choose the one that aligns with individual trading goals and experience levels.

JustMarkets Trading Platforms

JustMarkets offers clients a variety of trading platform options to cater to different trading needs. These platforms include both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are widely recognized for their robust features and user-friendly interfaces.

MetaTrader 4 (MT4)

• Compatibility: Available for PC, Android, and iOS devices.
• Features: Provides a range of technical analysis tools, charting options, and automated trading capabilities through Expert Advisors (EAs).

MetaTrader 5 (MT5)

• Compatibility: Accessible on PC, Android, iOS, and also through a Web Terminal for convenience.
• Advancements: Offers additional timeframes, more technical indicators, and enhanced graphical tools compared to MT4.
• Functionality: Suitable for trading a broader range of financial instruments, including Forex and CFDs on stocks, commodities, and indices.

Trading Hours and Support

JustMarkets ensures that traders can access the markets and their respective platforms at any time during trading hours. The company offers support for these platforms, which can be crucial for both beginner and experienced traders to effectively navigate through market operations.

Mobile Accessibility

For those who prefer trading on the go, JustMarkets provides mobile applications of MT4 and MT5. These apps allow for managing trades, monitoring markets, and performing technical analysis directly from smartphones or tablets.

Educational Resources

The company also focuses on educating its users by providing trading education tools and resources, promoting informed trading decisions on the platforms chosen by the traders.

JustMarkets Account Types

JustMarkets Malaysia offers a variety of account types to accommodate the different needs and preferences of traders. Each account type is tailored to provide specific features that align with various trading strategies and experience levels.

Standard Cent Account: Ideal for beginners, the Standard Cent Account allows traders to trade with micro-lots. A small minimum deposit and access to a wide range of currencies make it a practical starting point for new traders.

• Minimum Deposit: $10
• Base Currencies: USD, EUR, GBP, and more
• Leverage: Up to 1:3000
• Spreads: From 0.3
• Commission: None

Standard Account: A step up from the Cent Account, the Standard Account is suitable for traders with some experience. It offers competitive spreads without any commission.

• Minimum Deposit: $10
• Base Currencies: Includes USD, EUR, GBP, etc.
• Leverage: Up to 1:3000
• Spreads: Starting from 0.3
• Commission: None

Pro Account: Designed for professional traders, the Pro Account provides tighter spreads and a higher minimum deposit. This is a good option for those looking to trade larger volumes.

• Minimum Deposit: $100
• Base Currencies: Multiple options available
• Leverage: Up to 1:3000
• Spreads: Lower than Standard
• Commission: Free

Raw Spread Account: The Raw Spread Account caters to the needs of expert traders who are looking for the lowest possible spreads and are willing to pay a commission for their trades.

• Minimum Deposit: Typically higher
• Base Currencies: Wide selection
• Leverage: Up to 1:3000
• Spreads: As low as 0 points
• Commission: Charged per trade

Traders can also start with a Demo Account to get acquainted with the trading platform and test their strategies without any financial risk.

Customer Support Services

JustMarkets is known for prioritizing customer needs, offering multi-channel support in various languages, including English, Bahasa Malaysia, Spanish, and Portuguese.

Availability: The support department boasts a 24/7 availability schedule, ensuring that traders can receive assistance at any time.

Channels of Communication:

• Live Chat: Instant support for quick and efficient problem-solving.
• Phone Support: Traders may call +248 4632027 or +230 52970330, keeping in mind that carrier charges may apply.
• Email: A traditional method for non-urgent inquiries at [email protected]
• Social Media and Messaging Apps:
  • Telegram
  • Viber
  • Facebook Messenger
  • Line
  • Instagram
  • iMessage

Functionality: JustMarkets’ Customer Support team focuses on meeting traders’ inquiries promptly and effectively. For complex issues requiring detailed investigation, the team is adept at escalating these to the relevant departments, ensuring every customer receives a comprehensive resolution.

Scope: They tackle all incoming customer queries, ranging from account information to trading tools and strategies. Aiming for high customer satisfaction, they identify individual customer needs to provide tailored solutions.

By leveraging these resources, JustMarkets demonstrates its commitment to quality support, helping traders navigate their trading experience with confidence and reliability.

Educational Resources at JustForex

JustMarkets provides a range of educational materials designed to cater to both beginners in Forex trading and more experienced traders in Malaysia. These resources are diverse and accessible, aiming to enhance the learning experience for Malaysian traders.

Free Resources:

• JustMarkets Blog: A tool where individuals can find extensive articles that explain Forex concepts, market analysis, and trading strategies.
• Webinars and Online Workshops: These sessions are designed to help traders understand Forex trading processes and strategies in real-time.

Paid Educational Options:

JustMarkets also offers paid resources for those seeking a more structured educational pathway.

Education for Newbies:

• Basic Trading Seminars: Held in Malaysia, these live seminars offer beginners a foundation in Forex trading.
• Online Education Courses: Free courses are available for new traders to learn the ropes of Forex trading at their own pace.

JustMarkets emphasizes the importance of education in trading successfully. The platform ensures that traders have access to a range of tools and educational support to help them navigate the Forex market confidently.

Market Analysis and Tools

JustMarkets provides a suite of tools and techniques for effective market analysis in the realm of Forex trading. Traders can employ chart patterns, such as head and shoulders, triangles, and flags, to interpret market sentiment and anticipate price movements.

• Chart Patterns: These are crucial in identifying trends and reversals.
  • Head and Shoulders: Suggests trend reversal
  • Triangles: Indicates continuation or reversal
  • Flags: Implies a brief consolidation before trend continuation

Additionally, JustMarkets offers access to the MetaTrader 4 (MT4) platform, renowned for its user-friendly interface. This platform supports various indicators and expert advisers, enhancing real-time market analysis. MT4’s tools allow traders to:

• Monitor market dynamics
• Maintain and manage trading accounts effectively
• Customize indicators: For strategy refinement
• Build unique instruments and share with the trading community

With the help of resistance and support levels, as well as trend lines, traders at JustMarkets can apply graphical analysisto their trading strategies. These tools are pivotal in determining market behavior and projecting future trends.

Tool	Purpose
Resistance Levels	Identify where prices might halt and possibly reverse
Support Levels	Mark areas where market price may find a floor
Trend Lines	Track the direction of the market movement

JustMarkets tailors its offerings with account types suited for all levels of traders—from Standard Cent to Pro and Raw Spread—enhancing the trading experience by matching each trader’s needs with suitable analysis tools.

Partnerships and Affiliates

JustMarkets offers various partnership opportunities tailored for a range of individuals and businesses through its affiliate programs. Those looking for a steady income source without investing or assuming market risks can consider these options. The programs are structured to support partners efficiently with prompt payments and resources for client attraction.

The Introducing Broker (IB) Program stands out, acknowledged as the “Best IB/Affiliate Program 2023” by Money Expo. This program has been refined to better serve partners, reflecting JustMarkets’ commitment to improving its offerings.

Affiliate Partnership Benefits:

• Risk-free Earnings: Partners can earn without direct forex market investment.
• Quick Payments: Earnings are disbursed with expediency.
• Marketing Support: A variety of promotional materials are provided to affiliates.

The affiliate terms are designed to be favorable and accessible. Whether one is a blogger, educator, or social media influencer, JustMarkets caters to their needs with suitable tools and solutions.

Main Partnership Models:

• Affiliate Program: Best suited for those with online audiences.
• Introducing Broker (IB): Ideal for those who wish to build a more personalized business relationship.

Each program offers detailed knowledge and support to ensure that partners can leverage their networks and benefit from the JustMarkets platform effectively. The essence of JustMarkets’ partnerships is highlighted by continuous support and the evolution of their programs to address partner requirements in the dynamic forex market.

JustMarkets Corporate Responsibility

JustMarkets recognizes the significance of corporate responsibility and takes it seriously in their business operations. They strive to establish and maintain trust with their clients, putting high value on the creation of long-term relationships. Here are key aspects of JustMarkets’ approach to corporate responsibility:

Transparency:

• By providing clear information regarding their services, JustMarkets ensures that clients are well-informed and can trade with confidence.

Client Trust:

• It aims to gain and retain the trust of its global clientele.
• JustMarkets has a widespread user base, indicative of its reputation and the trust it has garnered.

Diverse Market Offerings:

• A variety of account types cater to different traders’ needs, suggesting flexibility and accommodation for individual preferences.

International Standards:

• Adherence to international norms and the conscious effort to deliver competitive trading conditions.

Customer-Focused:

• Reflecting their international clientele, JustMarkets prioritizes understanding and respecting the unique values of each individual trader.

This snapshot reflects their commitment to a business model that aligns with their role as a responsible corporate entity in the financial services sector.

JustMarkets User Experiences and Reviews

JustMarkets, previously known as JustForex, has been a focus for traders in Malaysia, seeking reliable Forex brokerage services. User feedback about JustMarkets is pivotal for potential clients looking to make informed decisions.

• TrustPilot Ratings: As of the last recorded date in April 2023, users have rated JustMarkets highly on TrustPilot, with a notable 4.8/5-star rating from 1,986 reviews.

Customers highlight several advantages:

1. Fast transactions: They cite quick deposit and withdrawal processes.
2. Competitive spreads: Low spreads have been mentioned, which are critical for profitable trading.
3. Customer Support: Reviews often commend the speedy and responsive customer service.

The number of reviews that provide a five-star rating is significant, standing at 90%. In contrast, a minimal 3% have given a one-star rating, though details on the concerns leading to lower ratings are not specified in the provided data.

JustMarkets’ clientele appreciates the ease of:

• Account opening: Described as “limitless”, which implies a straightforward process.
• Back-office use: Indicating the trading platform is user-friendly.

Personal experiences from individual traders, such as a review by a customer from Malaysia named “Sham89”, play a crucial role in shaping the reputation of JustMarkets within the online trading community.

Each factor contributes to JustMarkets’ perceived value as a trading platform.