Justforex MT5 Guide, Covering Platform Access, Setup, Security, and Forex Trading Risks
Your complete guide to using Justforex with MetaTrader 5 — from downloading and installing the platform to understanding its features, security measures, and the key risks involved in forex and CFD trading.
What Is Justforex?
Justforex is an online forex and CFD broker that has been operating since 2012. The broker offers trading services through MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, providing access to forex pairs, indices, metals, energies, shares, and cryptocurrencies. Justforex is known for offering high leverage up to 1:3000, low minimum deposits starting from $1 for Standard accounts, and competitive spreads.
In 2022, the brand underwent a rebranding to JustMarkets as part of a broader expansion beyond forex into other markets. However, the Justforex brand and website continue to operate in some regions. This guide focuses specifically on using the MetaTrader 5 (MT5) platform with Justforex, covering access, setup, security, and the risks associated with trading.
📘 Regulatory note: Justforex's regulatory status is a matter of concern. The broker operates under registrations in offshore jurisdictions such as St. Vincent and the Grenadines (SVG FSA) and Belize (IFSC), which do not provide effective investor protection. Claims of CySEC or FCA regulation have been verified as clone firms. Always verify the current regulatory status of any broker before depositing funds.
Justforex and MetaTrader 5
Justforex offers the MetaTrader 5 (MT5) platform alongside the more widely used MT4. MT5 is the next-generation trading platform developed by MetaQuotes, offering significant enhancements over its predecessor.
Key features of MT5 on Justforex include:
- More timeframes: 21 timeframes (compared to 9 on MT4), providing greater flexibility for technical analysis.
- Advanced order types: MT5 supports market, limit, stop, stop-limit, trailing stop, and OCO (one-cancels-other) orders.
- Full depth of market (DOM): Access to market depth for enhanced transparency and more informed trading decisions.
- Built-in economic calendar: Integrated directly into the platform, helping you stay updated on key market events.
- Multi-asset support: MT5 is designed for trading forex, stocks, commodities, indices, and futures — all from a single platform.
- Enhanced MQL5 environment: More powerful programming language for custom indicators and Expert Advisors, with improved backtesting capabilities using multiple threads.
Justforex's MT5 offering includes access to forex pairs, metals, indices, energies, shares, and cryptocurrencies, depending on the account type.
Download and Setup Guide
Follow these steps to download and install Justforex MT5 on your device.
Step 1: Visit the Justforex Website
Go to the official Justforex website and navigate to the "Platforms" or "MetaTrader 5" section. Ensure you are on the genuine Justforex domain.
Step 2: Download the MT5 Installer
Click the "Download for PC" button (or choose your operating system). The installer file (e.g., justforex5setup.exe) will be downloaded. The file size is typically around 5–7 MB.
Step 3: Run the Installer
Locate the downloaded file and double-click it to run. If your system prompts you with a security warning, confirm that you trust the publisher (MetaQuotes Ltd). Follow the on-screen instructions:
- Accept the license agreement.
- Choose the installation folder (default is recommended).
- Select additional options (e.g., create desktop shortcut).
Step 4: Launch MT5
Once installation is complete, launch the platform. You will see the login window. If you haven't opened a trading account yet, you will need to do so via the Justforex website first.
Step 5: Log In
Enter your trading account number and password. Select the correct server from the dropdown (e.g., Justforex-Live or Justforex-Demo). Click "Login" to access your account.
💡 Tip: Always download MT5 only from the official Justforex website. Third-party download sites may contain malware or outdated versions. Verify the digital signature of the installer to ensure it is authentic.
Login and Initial Setup
After installation, you will need to configure your trading environment. Here's how to log in and set up your MT5 for optimal use.
Logging In
- Launch MT5.
- In the login window, select "File" → "Login to Trade Account".
- Enter your trading account number and password.
- Select the correct server from the dropdown: Justforex-Live or Justforex-Demo. If you are unsure, check your account confirmation email.
- Click "Login". The platform will connect to the server and load your account data.
Initial Configuration
- Set your chart preferences: Choose your preferred chart type (candlestick, bar, line), colours, and timeframes.
- Add indicators: From the "Navigator" panel, drag and drop indicators onto your chart.
- Set up price alerts: Right-click on the chart and select "Alert" to create price-level notifications.
- Customise toolbars: Use "View" → "Toolbars" to enable or disable the toolbars you need.
- Check your account history: Navigate to the "Account History" tab to view your trade records.
It is highly recommended to test all your settings and strategies using the demo account before switching to live trading. This ensures that you are comfortable with the platform and that your setup works as intended.
Security and Regulation
Security is a critical aspect of online trading. Justforex and MT5 provide several layers of protection, but you also need to take proactive steps to safeguard your account. However, it is important to note that Justforex's regulatory status raises significant concerns.
Regulatory Status
Justforex operates under registrations in offshore jurisdictions that do not provide effective investor protection:
- St. Vincent & Grenadines FSA: Registration #23993. The SVG FSA does NOT supervise forex brokers. This is a corporate registration, not a regulatory licence.
- Belize IFSC: License #IFSC/60/241/TS/13. Described as "suspicious" and "unverified."
- Seychelles FSA: License #SD088. Described as "suspicious" and potentially revoked.
- CySEC (Cyprus): Claims of CySEC licence #150/11 have been verified as a clone firm.
- FCA (UK): Claims of FCA licence #580193 have been verified as a clone firm.
Independent platforms such as WikiFX give Justforex a score of 1.53 out of 10, flagging it as an unverified entity with suspicious regulatory claims. This means there is no effective regulatory oversight, no compensation scheme (e.g., FSCS or ICF), and no guarantee of client fund protection.
Platform Security
- Data encryption: MT5 uses 128-bit SSL encryption to protect data transmitted between your PC and the broker's servers.
- Secure login: MT5 uses secure authentication protocols. However, Justforex does not offer two-factor authentication (2FA) for its trading accounts.
- Segregated client funds: Justforex claims to segregate client funds, but without effective regulation, this cannot be verified or enforced.
🚨 Critical warning: Justforex is not a regulated broker in any meaningful sense. Its registrations in St. Vincent and the Grenadines and Belize do not provide investor protection. Claims of CySEC or FCA regulation are fake (clone firms). Trading with Justforex carries significant risk.
Trading Conditions and Account Types
Justforex offers several account types on MT5, each with different features and cost structures.
| Feature |
Cent Account |
Standard Account |
ECN Zero Account |
Crypto Account |
| Minimum Deposit |
$1 |
$1 |
$100 |
$100 |
| Spreads from (EURUSD) |
1.0 pips |
1.0 pips |
0.0 pips |
1.0 pips |
| Commission |
None |
None |
$6 per lot RT |
None |
| Maximum Leverage |
1:3000 |
1:3000 |
1:3000 |
1:3000 |
| Base Currencies |
USD, EUR, GBP, ZAR |
USD, EUR, GBP, ZAR |
USD, EUR, GBP, ZAR |
USD, EUR, GBP, ZAR |
| Islamic (Swap-Free) |
Available |
Available |
Available |
Available |
| Instrument Range |
Forex, metals, indices |
Forex, metals, indices, energies, shares |
Forex, metals, indices, energies, shares |
Cryptocurrencies |
In addition to spreads and commissions, Justforex charges swap (overnight) fees on positions held beyond the daily cutoff. Triple swaps apply on Wednesday nights. The extremely high leverage of 1:3000 is a significant risk factor that traders should consider carefully.
MetaTrader 5 Features
MetaTrader 5 offers a range of advanced features that can enhance your trading experience on Justforex.
Advanced Charting
- 21 timeframes (M1 to MN1)
- 38+ technical indicators
- 44 graphical objects
- Custom indicators and scripts
Order Management
- Market, limit, stop orders
- Stop-limit and OCO orders
- Trailing stops
- Depth of market (DOM)
Automated Trading
- Expert Advisors (EAs)
- MQL5 programming language
- Multi-threaded backtesting
- Strategy Tester with visual mode
Additional Tools
- Built-in economic calendar
- Market Watch with real-time quotes
- Push notifications
- Multi-asset support
Risk Management and Forex Trading Risks
⚠️ Important: Understand the Risks
Trading forex, CFDs, and other derivatives on Justforex MT5 carries a high level of risk. Leverage, market volatility, and the lack of effective regulation can lead to substantial losses, potentially exceeding your initial deposit.
- Leverage Risk: Justforex offers leverage up to 1:3000 — among the highest in the industry. A 0.03% adverse move against your position could wipe out your entire margin. This extreme leverage is a hallmark of unregulated brokers.
- Lack of Regulation: Justforex is not effectively regulated. There is no compensation scheme (e.g., FSCS or ICF) to protect your funds in the event of broker insolvency or fraud.
- Market Volatility: Economic data releases, geopolitical events, and changes in market sentiment can cause sharp price movements, leading to slippage and gap risk.
- Counterparty Risk: As an unregulated entity, Justforex may not maintain adequate capital reserves or segregate client funds properly. There is a real risk you may not be able to access your funds.
- Withdrawal Risk: Numerous reports of frozen withdrawals, delayed payments, and account closures have been reported by Justforex clients.
- Technical Risk: Platform issues, internet connectivity problems, or power outages can prevent you from managing your trades effectively.
According to independent review platforms, Justforex has a low trust score (1.53/10 on WikiFX) and is flagged for multiple withdrawal issues. Trading with Justforex carries significant risk.
Practical Risk Management Strategies
- Always use stop-loss orders on every trade to cap potential losses.
- Risk no more than 1–2% of your account equity per trade.
- Set take-profit orders to lock in gains and maintain a healthy risk/reward ratio.
- Avoid trading during major news events unless you have a proven strategy for high volatility.
- Use the demo account to test your strategies and platform settings before trading with real funds.
- Given the regulatory concerns, consider the risks carefully before depositing funds.
📊 Scenario: Trading with Justforex MT5
Trader profile: Alex is a retail trader who opens a Standard account with Justforex. He deposits $200 and trades EURUSD with 1:1000 leverage.
Action: Alex opens a 0.10 lot buy trade at 1.1050, setting a stop-loss at 1.1020 (30 pips) and a take-profit at 1.1080 (30 pips). With 1:1000 leverage, the margin required is approximately $11.
Outcome: The price moves against him, hitting the stop-loss. He loses $30 (30 pips × $1 per pip). While the loss is manageable, the high leverage means that a larger position could have wiped out his entire account.
Lesson: Extreme leverage can amplify losses. Even with a small position, losses can accumulate quickly. Always use appropriate position sizing and stop-losses.
Common Mistakes to Avoid
❌ Mistakes to Avoid
- Using the wrong server: When logging in, ensure you select the correct server (e.g., Justforex-Live or Justforex-Demo). Using the wrong server will result in a failed login.
- Over-leveraging: Using maximum leverage (1:3000) without understanding the risks can lead to rapid losses. Start with lower leverage.
- Trading without a stop-loss: Always set a stop-loss to protect your capital.
- Ignoring the lack of regulation: Many traders assume that a broker with a website is regulated. Always verify regulatory status directly with the regulator.
- Not using a demo account: Failing to test the platform and strategies on a demo account can lead to costly errors.
- Withdrawing without testing: Before depositing large amounts, test the withdrawal process with a small amount to ensure it works.
- Confusing Justforex with JustMarkets: JustMarkets has obtained licences; Justforex has not. Do not assume the same level of protection.
✅ Justforex MT5 Setup Checklist
- Visit the official Justforex website and download the MT5 installer.
- Verify the digital signature of the installer.
- Run the installer and follow the on-screen instructions.
- Launch MT5 and log in with your trading account number and password.
- Select the correct server (Live or Demo).
- Customise your charts, indicators, and timeframes.
- Set up price alerts and notifications as needed.
- Save your workspace profile for future sessions.
- Test your setup and strategies on the demo account.
- Always use stop-loss and take-profit orders when trading live.
- Verify Justforex's regulatory status before depositing funds.
- Consider the risks carefully before trading with an unregulated broker.
Frequently Asked Questions About Justforex MT5
Does Justforex offer MetaTrader 5?
Yes, Justforex offers MetaTrader 5 (MT5) alongside MT4. MT5 provides advanced charting, more timeframes, and additional order types.
Is Justforex regulated?
No. Justforex is not effectively regulated. Its registrations in St. Vincent and the Grenadines and Belize do not provide investor protection. Claims of CySEC or FCA regulation are clone firms.
What leverage does Justforex offer on MT5?
Justforex offers leverage up to 1:3000 on MT5, depending on the account type. This is extremely high and significantly increases the risk of losing your entire investment.
How do I download Justforex MT5?
Visit the Justforex website, go to the Platforms section, and click "Download for PC" for MT5. Run the installer and follow the on-screen instructions.
Does Justforex MT5 support Expert Advisors?
Yes, MT5 supports Expert Advisors (EAs) built in MQL5. You can use automated trading strategies on the platform.
What is the minimum deposit for Justforex MT5?
The minimum deposit is $1 for Cent and Standard accounts, and $100 for ECN Zero and Crypto accounts.
Is Justforex safe to trade with?
No. Justforex is not considered safe. Independent platforms give it extremely low scores (1.53/10 on WikiFX). There are numerous reports of frozen withdrawals and other serious issues.
What is the difference between Justforex and JustMarkets?
Justforex rebranded to JustMarkets in 2022. JustMarkets has obtained multiple regulatory licences (CySEC, FSA-Seychelles, FSC Mauritius, FSCA). However, the original Justforex brand continues to operate without effective regulation.
📚 About this guide: This article is based on publicly available information from Justforex's official website, independent verification platforms (WikiFX, FX168), regulatory bodies (FCA, CySEC), and user reviews. Regulatory status, licences, and trading conditions are subject to change. Readers are strongly encouraged to verify all current details directly with the relevant regulator's official register before making any trading decisions. This content is for educational purposes and does not constitute financial, legal, or investment advice.