Overall, JustMarkets is considered low risk, with an overall Trust Score of 90 out of 100. JustMarkets is licensed by zero Tier-1 Regulators (high trust), two Tier-2 Regulators (average trust), and two Tier-3 Regulators (low trust). JustMarkets offers Singaporeans seven different retail trading accounts, namely a Standard Cent Account (MT4), Standard Account (MT4), Pro Account (MT4), Raw Spread Account (MT4), Standard Account (MT5), Pro Account (MT5), Raw Spread Account (MT5).
- Louis Schoeman
Updated : May 22, 2025
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Overall Rating
- 4.9/5
Min Deposit
13 SGD ($10)
Regulators
FSA, CySEC, FSCA, FSC
Trading Desk
MT4, MT5, JustMarkets App
Crypto
Yes
Total Pairs
240+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overview
JustMarkets is an appealing broker for Singapore traders, with strong leverage, varied market access, and specialized services. With leverage topping at 1:3000 for Forex deals, Singapore traders may enhance their market exposure but with a proportionately higher risk.
The broker’s adaptability is shown by the wide choice of traded assets, including Forex, commodities, indices, stocks, and cryptocurrencies, catering to various investing tastes and methods.
The personalized experience is further improved by the availability of seven distinct retail trading accounts, each geared to fulfill unique trader needs, whether a beginner or a seasoned professional.
MetaTrader platforms, known for their user-friendly interfaces and comprehensive functionality, are well-suited to the technical needs of Singaporean traders.
Furthermore, the lack of deposit and withdrawal fees by JustMarkets demonstrates a dedication to cost-effective trading, allowing traders to retain a bigger share of their profits.
For those new to trading, the training materials and a $30 Welcome Bonus provide an onramp into the trading industry, allowing for a risk-free start.
JustMarkets’ multi-regulated environment, which includes monitoring from tier-2 and tier-3 authorities, provides a degree of confidence, making it an attractive option for Singaporean traders navigating global financial markets.
At a Glance
| 🏦Headquartered | Seychelles |
| 🌎Global Offices | Only Seychelles |
| 📌Local Market Regulators in Singapore | Monetary Authority of Singapore (MAS) |
| 🌟 Foreign Direct Investment in Singapore | 195 billion USD (2022) |
| 🚩Foreign Exchange Reserves in Singapore | 461.1 billion SGD (November 2023) |
| ➡️Local office in Singapore? | None |
| 👤Governor of SEC in Singapore | None, the chairman of the MAS is Lawrence Wong |
| 🫴🏻 Accepts Singapore Traders? | ✅ Yes |
| 🔢 Year Founded | 2012 |
| ☎️Singapore Office Contact Number | None |
| 📱Social Media Platforms | Facebook Telegram X |
| ⌛Regulation | FSA, CySEC, FSCA, FSC |
| 1️⃣Tier-1 Licenses | None |
| 2️⃣Tier-2 Licenses | Cyprus Securities and Exchange Commission (CySEC) Financial Sector Conduct Authority (FSCA) |
| 3️⃣Tier-3 Licenses | Financial Services Authority (FSA) in Seychelles Financial Services Commission (FSC) |
| 🔢License Number | Cyprus – 401/21 Singapore – FSP 51114 Seychelles – SD088 Mauritius – GB2220881 |
| 💡MAS Regulation | ✅ Yes |
| ❌Regional Restrictions | The United States, Japan, United Kingdom, EU, EEA, Belgium, and Spain |
| ☪️Islamic Account | ✅ Yes |
| 🆓Demo Account | ✅ Yes |
| 🗂️Non-expiring Demo | None |
| ⏰Demo Duration | 30 days |
| 👉Retail Investor Accounts | 7 |
| 👍PAMM Accounts | MAM Account |
| 💧Liquidity Providers | 18 |
| 🤝Affiliate Program | ✅ Yes |
| 🧑⚖️Order Execution | Market |
| 🛎️OCO Orders | None |
| 💻One-Click Trading | ✅ Yes |
| ⚙️Scalping | ✅ Yes |
| ✳️Hedging | ✅ Yes |
| 👴🏻Expert Advisors | ✅ Yes |
| 📰 News Trading | ✅ Yes |
| 🏷️Trading API | None |
| ✏️Starting spread | From 0.0 pips |
| 💵Minimum Commission per Trade | $6 per lot |
| ➡️Decimal Pricing | 5th decimal pricing after the comma |
| 💡Margin Call | 40% |
| 🛑Stop-Out | 20% |
| ⬇️Minimum Trade Size | 0.01 lots |
| ⬆️Maximum Trade Size | 100 lots |
| 🫴🏻 Crypto trading offered? | ✅ Yes |
| 🗂️Offers an SGD Account? | None |
| 👤Dedicated Singaporean Account Manager? | None |
| 📈Maximum Leverage | 1:3000 |
| ❌Leverage Restrictions for Singaporeans? | None |
| 💴Minimum Deposit (SGD) | 13 SGD ($10) |
| 💷Deposit Currencies | EUR, USD, GBP, ZAR, CNY, MYR, JPY, AED, AUD, BRL, CAD, CHF, COP, INR, KRW, MXN, NGN, RUB, SGD, TWD, PHP, HKD, IDR, CLP, NZD, THB, VND, BTC, BCH, ETH, UGX, KES, RWF, GHS, ZAR, TZS |
| ✔️SGD Deposits Allowed? | ✅ Yes |
| 💶Account Base Currency | USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR |
| 👥Active Singaporean Trader Stats | 50,000+ |
| 👤Active Singapore-based JustMarkets customers | Unknown |
| 📆 Singapore Daily Forex Turnover | 1.2 million SGD |
| 💳Deposit and Withdrawal Options | Debit Card Credit Card FasaPay Skrill Neteller Perfect Money Sticpay AirTM Cryptocurrencies Local Bank Transfers, Cards, Mobile Money Local Wallets |
| ⏰Minimum Withdrawal Time | 1 – 3 hours |
| 🕰️Maximum Estimated Withdrawal Time | 6 banking days |
| ✔️Instant Deposits and Instant Withdrawals? | ✅ Yes, deposits |
| 🗂️Segregated Accounts with Singaporean Banks? | None |
| 📊Trading Platforms | MetaTrader 4 MetaTrader 5 JustMarkets App |
| ⏰Trading Platform Time | GMT +3 |
| 🧐 Observe DST Change | None |
| ⌚DST Change Time zone | GMT+3 |
| 🛢️Tradable Assets | Indices Energies Forex Metals Cryptocurrencies Shares Futures |
| 🫴🏻 Offers USD/SGD currency pair? | ✅ Yes |
| 👉USD/SGD Average Spread | 1.5 pips (Raw Spread) |
| 🌟 Offers Singapore Stocks and CFDs | ✅ Yes, Singapore 20 Index (from 0.5 pips Raw Spread) |
| ✴️Languages supported on the Website | English, Spanish, Portuguese, French, Russian, Indonesian, Malaysian, Chinese (Simplified and Traditional), Lao, Vietnamese, Thai, Turkish, and more |
| 🗣️Customer Support Languages | Multilingual |
| 📝Copy Trading Support | ✅ Yes |
| 🕰️Customer Service Hours | 24/7 |
| 👥Singapore-based customer support? | None |
| 🎁Bonuses and Promotions for Singaporean Traders | ✅ Yes |
| 🎓Education for Singaporean beginners | ✅ Yes |
| 🖥️Proprietary trading software | ✅ Yes |
| 🎀Most Successful Trader in Singapore | Chew Wei Xiang (±$70 million assets under management) |
| 😷Is JustMarkets a safe broker for Singaporean Traders? | ✅ Yes |
| 8️⃣Rating for JustMarkets Singapore | 8/10 |
| 9️⃣Trust score for JustMarkets Singapore | 90% |
| 🚀Open an Account | 👉 Click Here |
Regulation and Safety of Funds
Regulation in Singapore
JustMarkets is not currently regulated by the Monetary Authority of Singapore (MAS). However, JustMarkets’ global regulations are listed in the table below.
Global Regulations
| 🔍Registered Entity | 🌎Country of Registration | 🔢 Company Reg. | ⌛Regulatory Entity | 📊Tier | ➡️License Number/Ref |
| 🥇JustMarkets Ltd | Cyprus | 361312 | CySEC | 2 | 401/21 |
| 🥈Just Global Markets (Pty) Ltd | South Africa | 2020/263432/07 | FSCA | 2 | FSP 51114 |
| 🥉Just Global Markets Ltd | Seychelles | N/A | FSA | 3 | SD088 |
| 🏆Just Global Markets (MU) Limited | Mauritius | 194590 GBC | FSC | 3 | GB22200881 |
Protection of Client Funds
| 🔍Security Measure | ℹ️ Information |
| 🗂️Segregated Accounts | ✅ Yes |
| 👤Compensation Fund Member | None |
| 💵Compensation Amount | None |
| 🎓SSL Certificate | ✅ Yes |
| ✏️2FA (Where Applicable) | ✅ Yes |
| ⛔Privacy Policy in Place | ✅ Yes |
| ⚠️Risk Warning Provided | ✅ Yes |
| ❌Negative Balance Protection | ✅ Yes |
| 🛑 Guaranteed Stop-Loss Orders | None |
Security while Trading
JustMarkets has implemented numerous safety measures to safeguard Singaporean traders and offer a secure trading environment. Firstly, it is supervised by multiple regulatory agencies, including tier 2 and tier 3 authorities, that enforce rigorous financial requirements and operational transparency.
JustMarkets’ adherence to such rules lends credibility and confidence. Furthermore, the broker uses segregated accounts to keep customer assets separate from its company funds, which is an important step in protecting traders’ wealth.
Data transmission security is likewise emphasized, with strong SSL encryption safeguarding customers’ sensitive information during online transactions.
JustMarkets also provides negative balance protection, guaranteeing that traders do not lose more than their account balance, which is especially crucial in a high-leverage trading market.
These safeguards work together to provide a secure platform on which Singaporean traders may concentrate on their trading activity while being confident in protecting their capital.
Pros and Cons
| ✅Pros | ❌Cons |
| JustMarkets is multi-regulated by Tier-2 and 3 entities globally | JustMarkets is not regulated by the MAS in Singapore |
| Singaporeans can expect a transparent and safe trading environment | JustMarkets does not provide investor protection |
| JustMarkets enforces strict KYC and AML policies | Even though negative balance protection is in place, Singaporeans can still lose their invested capital due to market risks and high leverage |
Does JustMarkets offer negative balance protection?
Yes, JustMarkets provides negative balance protection for retail accounts, which protects traders from losing more than their account balance.
Does JustMarkets have a policy for handling client complaints?
JustMarkets has a defined protocol for dealing with customer complaints, which ensures openness and fairness in addressing any difficulties.
Awards and Recognition
JustMarkets takes a unique approach by not showcasing any awards or accolades on their platform. According to JustMarkets, they have intentionally chosen not to invest in various diplomas, certificates, or prizes that might be considered insignificant.
The philosophy behind this decision is JustMarkets’ belief that a broker’s reliability should not be solely determined by the number of awards they accumulate.
Regardless of the number of achievements a broker may garner, it does not necessarily correlate with enhancing service quality. JustMarkets is firmly committed to maintaining transparency and integrity in its dealings with traders.
Consequently, JustMarkets’ choice to forgo the pursuit of awards is a testament to their dedication to providing genuine service excellence. This decision reflects the company’s core values of integrity and authenticity.
Account Types
| 🔍Live Account | 💴Minimum Dep. | 🚀Open an Account | ✏️Average Spread | 💰Average Trading Cost |
| 🥇MT4 Standard Cent | 13 SGD | 👉 Click Here | 0.3 pips | 3 USD |
| 🥈MT4 Standard | 13 SGD | 👉 Click Here | 0.3 pips | 3 USD |
| 🥉MT4 Pro | 130 SGD | 👉 Click Here | 0.1 pips | 1 USD |
| 🏆MT4 Raw Spread | 130 SGD | 👉 Click Here | 0.0 pips | 6 USD |
| 🏅MT5 Standard | 13 SGD | 👉 Click Here | 0.3 pips | 3 USD |
| 🥇MT5 Pro | 130 SGD | 👉 Click Here | 0.1 pips | 1 USD |
| 🥈MT5 Raw Spread | 130 SGD | 👉 Click Here | 0.0 pips | 6 USD |
MetaTrader 4 Standard Cent Account
The MT4 Standard Cent Account is an entry-level service for new Singapore traders. It permits trading in micro-lots and utilizes cents as the base currency, reducing risk and providing a realistic learning environment for people new to forex trading.
This account is especially useful for refining tactics without the burden of significant financial investment.
| 🔍Account Feature | 🌟Value |
| 💴Minimum Deposit | 13 SGD ($10) |
| ➡️Account Base Currency | USC |
| ⬆️Maximum leverage up to | 1:3000 |
| 💵Commission charges | None |
| ☪️Swap-free option? | ✅ Yes |
| ✏️Average spreads from | 0.3 pips |
| ⬇️Minimum order size | 0.01 cent lot |
| ⬆️Maximum order size | 1,000 cent lots |
| 👉Maximum orders | 100 |
| 🌟 Margin Call | 40% |
| 🛑 Stop-Out | 20% |
| 🏷️Trade Execution Method | Market Execution |
| ✳️Pricing Format | Fifth Decimal Pricing |
| ✏️Contract Size | 1 lot = 1,000 base currency units |
| 🛢️Trading Instruments Available | 33 Forex Pairs 4 Metals |
| 🚀Open an Account | 👉 Click Here |
MetaTrader 4 Standard Account
The MT4 Standard Account serves many traders, from beginners to experienced ones. It balances simple trading conditions and a diverse set of tradable instruments.
This account allows Singaporeans to trade with typical lot sizes without commissions, making it a flexible alternative for routine trading operations.
| 🔍Account Feature | 🌟Value |
| 💴Minimum Deposit | 13 SGD ($10) |
| ➡️Account Base Currency | USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR |
| ⬆️Maximum leverage up to | 1:3000 |
| 💵Commission charges | None |
| ☪️Swap-free option? | ✅ Yes |
| ✏️Average spreads from | 0.3 pips |
| ⬇️Minimum order size | 0.01 lot |
| ⬆️Maximum order size | 100 lots |
| 👉Maximum orders | Unlimited |
| 🌟Margin Call | 40% |
| 🛑Stop-Out | 20% |
| 🏷️Trade Execution Method | Market Execution |
| ✳️Pricing Format | Fifth Decimal Pricing |
| ✏️Contract Size | 1 lot = 100,000 base currency units |
| 🛢️Trading Instruments Available | 61 Forex pairs 7 Metals 13 Indices 14 Cryptocurrency Pairs 165 Shares 3 Energies |
| 🚀Open an Account | 👉 Click Here |
MetaTrader 4 Pro Account
The MT4 Pro Account is tailored for experienced traders in Singapore looking for tighter spreads and a competitive trading climate. This account type prioritizes high-volume trades, providing an advantage to professionals seeking faster execution speeds and prices.
| 🔍Account Feature | 🌟Value |
| 💴Minimum Deposit | 130 SGD ($100) |
| ➡️Account Base Currency | USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR |
| ⬆️Maximum leverage up to | 1:3000 |
| 💵Commission charges | None |
| ☪️Swap-free option? | ✅ Yes |
| ✏️Average spreads from | 0.1 pips |
| ⬇️Minimum order size | 0.01 lot |
| ⬆️Maximum order size | 100 lots |
| 👉Maximum orders | Unlimited |
| 🌟Margin Call | 40% |
| 🛑Stop-Out | 20% |
| 🏷️Trade Execution Method | Market Execution |
| ✳️Pricing Format | Fifth Decimal Pricing |
| ✏️Contract Size | 1 lot = 100,000 base currency units |
| 🛢️Trading Instruments Available | 61 Forex pairs 7 Metals 13 Indices 14 Cryptocurrency Pairs 165 Shares 3 Energies |
| 🚀Open an Account | 👉 Click Here |
MetaTrader 4 Raw Spread Account
The MT4 Raw Spread Account has the narrowest spreads, which appeals to traders who use scalping and high-frequency trading.
Singaporeans who want direct access to market pricing and are ready to pay a fee on each transaction will find that this account type meets their requirements for accuracy and minimal spread costs.
| 🔍Account Feature | 🌟Value |
| 💴Minimum Deposit | 130 SGD ($100) |
| ➡️Account Base Currency | USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR |
| ⬆️Maximum leverage up to | 1:3000 |
| 💵Commission charges | 3 units of the base currency per lot/per side |
| ☪️Swap-free option? | ✅ Yes |
| ✏️Average spreads from | 0.0 pips |
| ⬇️Minimum order size | 0.01 lot |
| ⬆️Maximum order size | 100 lots |
| 👉Maximum orders | Unlimited |
| 🌟Margin Call | 40% |
| 🛑Stop-Out | 20% |
| 🏷️Trade Execution Method | Market Execution |
| ✳️Pricing Format | Fifth Decimal Pricing |
| ✏️Contract Size | 1 lot = 100,000 base currency units |
| 🛢️Trading Instruments Available | 61 Forex pairs 7 Metals 13 Indices 14 Cryptocurrency Pairs 165 Shares 3 Energies |
| 🚀Open an Account | 👉 Click Here |
MetaTrader 5 Standard Account
The MT5 Standard Account enhances your trading experience by giving you access to the MetaTrader 5 platform’s sophisticated features. It is ideal for Singaporean traders who need a broader set of financial instruments and technical tools for thorough market research.
| 🔍Account Feature | 🌟Value |
| 💴Minimum Deposit | 13 SGD ($10) |
| 👉Account Base Currency | USD, EUR, GBP, JPY, MYR, ZAR, THB, VND, KWD, CNY, ZAR |
| ⬆️Maximum leverage up to | 1:3000 |
| 💵Commission charges | None |
| ☪️Swap-free option? | ✅ Yes |
| ✏️Average spreads from | 0.3 pips |
| ⬇️Minimum order size | 0.01 lot |
| ⬆️Maximum order size | 100 lots |
| 👉Maximum orders | Unlimited |
| 🌟Margin Call | 40% |
| 🛑Stop-Out | 20% |
| 🏷️Trade Execution Method | Market Execution |
| ✳️Pricing Format | Fifth Decimal Pricing |
| ✏️Contract Size | 1 lot = 100,000 base currency units |
| 🛢️Trading Instruments Available | 61 Forex pairs 7 Metals 13 Indices 14 Cryptocurrency Pairs 165 Shares 3 Energies |
| 🚀Open an Account | 👉 Click Here |
MetaTrader 5 Pro Account
MT5 Pro Account is similar to MT4 Pro, except it uses MT5’s improved features. It is intended for professional traders in Singapore who want the complexity of MT5 with competitive account terms.
| 🔍Account Feature | 🌟Value |
|---|---|
| 💴Minimum Deposit | 130 SGD ($100) |
| ➡️Account Base Currency | USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR |
| ⬆️Maximum leverage up to | 1:3000 |
| 💵Commission charges | None |
| ☪️Swap-free option? | ✅ Yes |
| ✏️Average spreads from | 0.1 pips |
| ⬇️Minimum order size | 0.01 lot |
| ⬆️Maximum order size | 100 lots |
| 👉Maximum orders | Unlimited |
| 🌟Margin Call | 40% |
| 🛑 Stop-Out | 20% |
| 🏷️Trade Execution Method | Market Execution |
| ✳️Pricing Format | Fifth Decimal Pricing |
| ✏️Contract Size | 1 lot = 100,000 base currency units |
| 🛢️Trading Instruments Available | 61 Forex pairs 7 Metals 13 Indices 14 Cryptocurrency Pairs 165 Shares 3 Energies |
| 🚀Open an Account | 👉 Click Here |
MetaTrader 5 Raw Spread Account
The MT5 Raw Spread Account combines the raw spread paradigm with the enhanced features of MT5. It is the top option for Singaporean high-volume traders looking for the best pricing and the full analytical capabilities of the MetaTrader 5 platform.
| 🔍Account Feature | ℹ️Value |
| 💴Minimum Deposit | 130 SGD ($100) |
| ➡️Account Base Currency | USD, EUR, GBP, JPY, MYR, ZAR, THB, VND, KWD, CNY, ZAR |
| ⬆️Maximum leverage up to | 1:3000 |
| 💵Commission charges | 3 units of the base currency per lot/per side |
| ☪️Swap-free option? | ✅ Yes |
| ✏️Average spreads from | 0.0 pips |
| ⬇️Minimum order size | 0.01 lot |
| ⬆️Maximum order size | 100 lots |
| 👉Maximum orders | Unlimited |
| 🌟Margin Call | 40% |
| 🛑 Stop-Out | 20% |
| 🏷️Trade Execution Method | Market Execution |
| ✳️Pricing Format | Fifth Decimal Pricing |
| ✏️Contract Size | 1 lot = 100,000 base currency units |
| 🛢️Trading Instruments Available | 61 Forex pairs 7 Metals 13 Indices 14 Cryptocurrency Pairs 165 Shares 3 Energies |
| 🚀Open an Account | 👉 Click Here |
JustMarkets Demo Account
The JustMarkets Demo Account is an excellent teaching tool for Singapore traders. It simulates the genuine trading environment, providing users with virtual capital of up to $5 million, enabling them to trade without incurring financial risk.
This account allows Singapore traders to test MetaTrader platforms, try alternative trading techniques, and get acquainted with market dynamics.
The demo account’s 30-day term allows customers to build confidence and competence before moving on to genuine trading. It is especially useful for Singaporean novices who can practice trading in a simulated market setting and experienced traders who want to try new techniques.
JustMarkets Islamic Account
JustMarkets’ Islamic Account is designed to meet the demands of Singaporean traders who must comply with Sharia law. This account removes swap costs on overnight holdings, which aligns with Islamic teachings that forbid interest.
It provides a straightforward pricing structure with no hidden fees, which is very encouraging for traders concerned about following Islamic financial norms.
Traders in Singapore can easily convert Standard Cent, Standard, Pro, or Raw Spread accounts to Islamic accounts, giving them access to the same range of instruments and trading conditions as conventional accounts but with the peace of mind that comes with knowing they are trading within the bounds of their ethical commitments.
Pros and Cons
| ✅Pros | ❌Cons |
| Singaporeans can access flexible account types that suit their budgets, trading experience, and objectives | The Cent Account is only available on MetaTrader 4 and has limited account base currency options |
| JustMarkets offers accounts across MetaTrader 4 and 5 | JustMarkets does not offer an SGD-denominated account |
| JustMarkets offers multi-currency accounts | The demo account expires 30 days after registration |
Can traders switch between different account types at JustMarkets?
Yes, traders can move between JustMarkets account types. However, they should examine any unique criteria or requirements before doing so.
Are demo accounts available at JustMarkets?
Yes, JustMarkets provides demo accounts, enabling traders to test trading techniques in a safe environment.
How to Open an Account Step-by-Step
To open an account with JustMarkets, Singaporeans can follow these steps:
Step 1: Go to the official website and click on the “Register” banner
Step 2: Complete the online registration form
Step 3: Wait for verification from JustMarkets
JustMarkets requests extra personal information and documentation for identification and residency verification to meet regulatory standards. This technique, known as Know Your Customer (KYC), is common in the banking sector.
- Traders may choose from various account kinds depending on their trading preferences and skill level. Account types include Standard, Pro, and Raw Spread, among others.
- Traders in Singapore may deposit money using local bank transfers in Singapore Dollars (SGD), streamlining the procedure and saving currency translation costs. The deposit option is conveniently located inside the trader’s dashboard on the JustMarkets website.
- Once the deposit has been verified, the trader may begin their trading experience on JustMarkets, using the platform’s different tools and marketplaces to execute transactions.
What information is required to register for a JustMarkets account?
To open a JustMarkets account, traders must give personal information such as their name, email, phone number, and date of birth.
What types of documents are accepted for JustMarkets account verification?
A government-issued ID and a utility bill or bank statement for address evidence are often accepted as JustMarkets account verification papers.
Trading Platforms and Software
JustMarkets offers Singaporean traders a choice between these trading platforms:
➡️MetaTrader 4
➡️MetaTrader 5
➡️JustMarkets App
MetaTrader 4
For Singaporean traders, the MetaTrader 4 (MT4) offered by JustMarkets is an excellent solution. It is particularly useful for those who desire a reliable and easy-to-use platform.
MT4’s interoperability with various instruments such as forex, commodities, and indices makes it well-suited to Singapore’s diverse trading preferences.
The platform features powerful charting capabilities that fulfill the technical analysis requirements of most Singaporean traders, allowing them to make informed decisions based on market trends and patterns.
Additionally, MT4 provides a secure trading environment through its strong security measures like data encryption- this offers peace of mind critical among internet-security-flustered financial transactions individuals in Singapore need while doing trades online!
MetaTrader 5
With its improved functionality, MetaTrader 5 (MT5) is ideal for Singaporean traders seeking a more complete trading experience. This platform offers a wider variety of trading products, making it an excellent option for those seeking to venture outside conventional markets.
MT5’s extensive analytical tools include numerous technical indicators and graphical objects that enable Singaporean traders to understand market dynamics better, making it essential to develop complex trading strategies.
Furthermore, this platform’s upgraded order management system supports various types of orders consistent with different trade methods seen within Singapore’s vibrant financial community, ranging from day traders to long-term investors.
JustMarkets App
The JustMarkets app is designed for Singaporean traders who value ease and mobility. Its user-friendly interface allows quick trade management while moving, making it highly useful for busy traders in Singapore’s fast-paced market.
The app can easily connect with JustMarkets’ trading conditions to give users access to similar market pricing and execution times as those found on desktop platforms.
For Singaporean traders juggling various obligations, using the JustMarkets App means they stay up-to-date with industry trends while being able to respond quickly regardless of their location.
Pros and Cons
| ✅Pros | ❌Cons |
| JustMarkets offers trading accounts ideal for both MetaTrader 4 and 5 | JustMarkets does not offer a proprietary desktop app or web-based platform |
| Singaporeans can expect perfect account integration between devices on MetaTrader 4 and 5 | The Cent Account is only available on MetaTrader 4 |
Does JustMarkets offer a web-based trading platform?
Yes, JustMarkets offers a web-based platform through MetaTrader 4 and 5 that allows traders to access their accounts directly from a web browser without downloading software.
Can I customize the JustMarkets trading platform interface?
Yes, the JustMarkets trading platform interface is customizable, enabling traders to adjust the layout and features to their needs.
Range of Markets
Singaporean traders can expect the following range of markets from JustMarkets:
➡️Indices
➡️Energies
➡️Forex
➡️Metals
➡️Cryptocurrencies
➡️Shares
Financial Instruments and Leverage offered by JustMarkets
| 🔍Instrument | 🔢 Number of Assets Offered | 📈Max Leverage Offered |
| ➡️Forex | 61 | 1:3000 |
| ➡️Commodities (metals, energies, etc) | 10 | 1:100 |
| ➡️Indices | 13 | 1:200 |
| ➡️Stocks | 165 | 1:20 |
| ➡️Cryptocurrency | 14 | 1:10 |
Pros and Cons
| ✅Pros | ❌Cons |
| Singaporeans can expect leverage of up to 1:3000 on forex major pairs | There is an extremely limited range of markets and instruments that can be traded with JustMarkets |
| Singaporeans can trade SGD against several other currencies with low and competitive spreads | While negative balance protection is applied, Singaporeans can still lose their invested capital due to market risks and high leverage |
Can I trade cryptocurrencies with JustMarkets?
Yes, JustMarkets provides cryptocurrency trading, including popular alternatives such as Bitcoin and Ethereum.
Does JustMarkets offer trading in major global indices?
Yes, JustMarkets offers trading possibilities in the main global indexes, including the Singapore 20 Index.
JustMarkets vs CPT Markets vs FP Markets – Broker Comparison
| 🔍Broker | 🥇JustMarkets | 🥈CPT Markets | 🥉FP Markets |
| ⌛Regulation | CySEC, FSCA, FSA, FSC | FCA, FSCA, IFSC | CySEC, FSCA, ASIC, FSC, FSA |
| 📊Trading Platform | MetaTrader 4 MetaTrader 5 JustMarkets App | MetaTrader 4 MetaTrader 5 cTrader | MetaTrader 4 MetaTrader 5 cTrader IRESS FP Markets App |
| 💳Withdrawal Fee | None | None | ✅ Yes |
| 🆓 Demo Account | ✅ Yes | ✅ Yes | ✅ Yes |
| 💴Min Deposit | 130 SGD | 0 SGD | 90 SGD |
| 📈Leverage | Up to 1:3000 | 1:1000 (IFSC) 1:500 (FSCA) 1:30 (FCA) | 1:500 |
| ✏️Spread | From 0.0 pips | From 0.0 pips | 0.0 pips |
| 💵Commissions | $6 per lot traded | From $4 | From US$3 |
| 🛑 Margin Call/Stop-Out | 40%/20% | 100% – 50% (M) 50% – 30% (S/O) | 100%/50% |
| 🧑⚖️Order Execution | Market | Instant | Market |
| ❌No-Deposit Bonus | ✅ Yes | None | None |
| 💰Cent Accounts | ✅ Yes | None | None |
| 🗂️Account Types | MT4 Standard Cent Account MT4 Standard Account MT4 Pro Account MT4 Raw Spread Account MT5 Standard Account MT5 Pro Account MT5 Raw Spread Account | Classic Account Standard Account ECN Account Prime Account Platinum Account | MT4/5 Standard Account MT4/5 Raw Account MT4/5 Islamic Standard Account MT4/5 Islamic Raw Account |
| 🫴🏻 MAS Regulation | None | None | None |
| 💴SGD Deposits | ✅ Yes | ✅ Yes | ✅ Yes |
| 🗂️SGD Account | None | None | ✅ Yes |
| ☎️Customer Service Hours | 24/7 | 24/5 | 24/7 |
| 👉Retail Investor Accounts | 7 | 5 | 4 |
| ☪️Islamic Account | ✅ Yes | ✅ Yes | ✅ Yes |
| ⬇️Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| ⬆️Maximum Trade Size | 100 lots | Unlimited | 50 lots |
| ⏰Minimum Withdrawal Time | 1 – 3 hours | Instant | Instant |
| 🕰️Maximum Estimated Withdrawal Time | 6 banking days | 3 – 7 days | Up to 10 working days |
| ✔️Instant Deposits and Instant Withdrawals? | ✅ Yes, deposits | ✅ Yes | ✅ Yes |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here |
10 Best Forex Brokers in Singapore
Rank
Broker
Review
Regulators
Min Deposit
Official Site
Fees, Spreads and Commissions
Spreads
Singaporean traders utilizing JustMarkets should anticipate various spreads based on account type and market circumstances. For example, spreads on the EUR/USD pair may be as low as 0.0 pips in Raw Spread accounts and 0.8 pips in Standard Cent and Standard accounts.
Notably, the USD/SGD pair, a prominent currency pair for Singaporean traders, has a spread of 3.2 pips in the Standard Cent and Standard accounts, narrowing to 1.5 pips in the Raw Spread account.
These competitive spreads benefit traders aiming to reduce expenses, particularly in commonly traded pairings such as USD/SGD.
Commissions
While certain JustMarkets accounts, such as the Standard and Cent accounts, do not need commissions, the Raw Spread accounts do. Singaporean traders using MT4 and MT5 Raw Spread accounts pay 3 units of the base currency for each lot per side.
This fee structure is critical for traders who like trading with the narrowest spreads since it provides a clear pricing structure for high-volume trading activity.
Overnight Fees
Overnight costs, often swap fees, are payable when positions are kept open overnight. These costs differ depending on the financial instrument and whether the position is long or short. For example, long positions in EUR/USD and USD/SGD may result in differing swap rates.
These costs are critical for Singaporean traders, particularly those who keep positions open for more than a day.
Deposit and Withdrawal Fees
JustMarkets does not charge deposit or withdrawal fees, which benefits Singaporean traders since it lowers total transaction costs.
However, it is crucial to remember that although the broker does not charge these costs, traders should be mindful of any fees paid by their banks or payment processors, particularly when making international transfers.
Inactivity Fees
Accounts inactive for more than 150 days will incur an administrative charge. After a year of inactivity, a $5 monthly fee is charged. Singaporean traders should be aware of these costs, particularly if they intend to take a break from trading or maintain accounts with no regular activity.
Currency Conversion Fees
Fees for currency conversion are levied on traders when they deposit or withdraw funds in a currency that differs from their account’s base.
Such expenses have a considerable impact, particularly on Singaporean traders who conduct transactions using SGD but exchange it with other currencies like USD or EUR while making deposits. To handle trading expenditures efficiently, considering these fees is crucial.
Pros and Cons
| ✅Pros | ❌Cons |
| JustMarkets charges tight and competitive spreads on Raw Spread and Pro Accounts | JustMarkets charges inactivity fees on dormant accounts |
| Entry-level accounts like Standard and Standard Cent are commission-free | Currency conversion fees might apply to SGD deposits and withdrawals |
Are there any hidden fees with JustMarkets?
No, JustMarkets’ pricing structure is transparent. However, traders should examine the conditions for any extra expenses.
Are there fees for depositing or withdrawing funds with JustMarkets?
No, JustMarkets waives deposit and withdrawal fees, which improves the trading experience by lowering unnecessary expenditures.
Deposit and Withdrawal Options
JustMarkets offers Singaporean traders the following deposit and withdrawal methods:
➡️Debit Card
➡️Credit Card
➡️FasaPay
➡️Skrill
➡️Neteller
➡️Perfect Money
➡️Sticpay
➡️AirTM
➡️Cryptocurrencies
➡️Local Bank Transfers, Cards, Mobile Money
➡️Local Wallets
Deposit Currencies, Deposit and Withdrawal Processing Times
| 💳Payment Method | 💵Deposit Currencies | ⏰Deposit Processing | 🕰️Withdrawal Processing | ⬆️Max Deposit | ⬇️Min Withdrawal | ⬆️Max Withdrawal |
| ➡️Credit/Debit Card | EUR, USD | 30 min | 1 – 2 hours | 10,000 USD | 5 EUR or USD | 5,000 EUR or USD |
| ➡️Bank Transfer | AED, GHS, OMR, TRY, AUD, HKD, PHP, TTD, BBD, HRK, PKR, UGX, BGN, HUF, PLN, USD, BHD, ILS, QAR, ZAR, CAD, JPY, RON, ZMW, CHF, KES, SAR, CZK, MWK, SEK, DKK, MXN, SGD, EUR, NOK,THB, GBP, NZD, TND | 1 – 6 banking days | 1 – 6 banking days | 50,000 USD | 500 USD | 50,000 USD |
| ➡️Skrill | EUR, USD | 5 min | 1 – 2 hours | N/A | 5 USD or EUR | N/A |
| ➡️Neteller | EUR, USD, GBP, ZAR, CNY, MYR, JPY, AED, AUD, BRL, CAD, CHF, COP, INR, KRW, MXN, NGN, RUB, SGD, TWD | 5 min | 1 – 2 hours | N/A | 5 EUR, USD | 8,500 EUR, 10,000 USD |
| ➡️Perfect Money | EUR, USD | 5 min | 1 – 2 hours | N/A | 5 EUR, USD | N/A |
| ➡️Sticpay | EUR, USD, JPY, KRW, CNY, PHP, AED, AUD, CAD, CHF, CLP, GBP, HKD, IDR, INR, MXN, MYR, NZD, RUB, SGD, THB, VND | 5 min | 1 – 2 hours | N/A | 10 USD | N/A |
| ➡️AirTM | USD | 30 min | 1 – 2 hours | 2,500 USD | 5 USD | 2,500 USD |
| ➡️Bitcoin | BTC | 30 min | 1 – 3 hours | N/A | 0.001 BTC | N/A |
| ➡️Bitcoin Cash | BCH | 30 min | 1 – 3 hours | N/A | 0.102 BCH | N/A |
| ➡️Ethereum | ETH | 30 min | 1 – 3 hours | N/A | 0.015 ETH | N/A |
| ➡️USD Coin | USDC | 30 min | 1 – 3 hours | N/A | 10 USDT | N/A |
| ➡️Tether | USDT | 30 min | 1 – 3 hours | N/A | 10 USDC | N/A |
| ➡️BUSD | BUSD | 30 min | 1 – 3 hours | N/A | 10 BUSD | N/A |
| ➡️Binance | BNB | 30 min | 1 – 3 hours | N/A | 0.125 BNB | N/A |
| ➡️Dogecoin | DOGE | 30 min | 1 – 3 hours | N/A | 443 DOGE | N/A |
| ➡️Litecoin | LTC | 30 min | 1 – 3 hours | N/A | 0.3 LTC | N/A |
| ➡️XRP | XRP | 30 min | 1 – 3 hours | N/A | 62 XRP | N/A |
| ➡️Malaysian Banks | MYR | 30 min | 5 hours | 11,000 USD | 50 MYR | 50,000 MYR |
| ➡️Indonesian Banks | IDR | 30 min | 2 hours | 14,000 USD | 150,000 IDR | 200,000,000 MYR |
| ➡️Thai Banks | THB | 30 min | 2 hours | 15,000 USD | 350 THB | 500,000 THB |
| ➡️Prompt Pay | THB | 30 min | N/A | 1,550 USD | N/A | N/A |
| ➡️Vietnamese Banks | VND | 30 min | 2 hours | 12,500 USD | 236,600 VND | 300,000,000 VND |
| ➡️Philippines Banks | PHP | 30 min | 2 hours | 2,700 USD | 2,500 PHP | 140,000 PHP |
| ➡️African Local Cards/Transfer | NGN | 30 min | N/A | 800 USD | N/A | N/A |
| ➡️Singaporean EFT | SGD | 30 min | 1 banking day | 6,000 USD | 200 ZAR | 250,000 ZAR |
| ➡️African local transfers | NGN | 30 min | 24 hours | 1,100 USD | 10 USD | 800,000 NGN |
| ➡️African Mobile Money | UGX, KES, RWF, GHS, XAF, TZS | 30 min | 24 hours | 2,200 USD | 37,000 UGX, 1,500 KES, 11,500 RWF, 100 GHS, 6,000 XAF, 24,000 TZS | 500,000 UGX, 70,000 KES, 2,000,000 RWF, 2,000 GHS, 3,000,00 GHS |
| ➡️Skrill Medios de Pago en LatAm | EUR, USD | 30 min | N/A | 5,000 USD | N/A | N/A |
| ➡️Pay Retailers | USD | 1 day | 1 banking day | 5,000 USD | 2,000 MXN, 84,750 CLP | N/A |
| ➡️Boleto | BRL | 1 day | N/A | 10,000 USD | N/A | N/A |
| ➡️MoMo | VND | 30 min | N/A | 236,500 VND | N/A | N/A |
| ➡️FasaPay | USD, IDR | 30 min | 1 – 3 hours | N/A | 150,000 IDR, 10 USD | 250,000,000 IDR, 25,000 USD |
Pros and Cons
| ✅Pros | ❌Cons |
| Singaporeans can use local methods like Singaporean EFT, Sticpay, Neteller, and Bank Transfer to deposit and withdraw funds | Singaporeans might face currency conversion fees |
| Singaporeans can deposit and withdraw in SGD | There are no instant deposits or withdrawals |
What deposit methods are available at JustMarkets?
JustMarkets accepts various deposit options, including bank transfers, credit and debit cards, and e-wallets such as Skrill and Neteller.
Is there a minimum deposit amount at JustMarkets?
The minimum deposit amount at JustMarkets varies by account type, with entry-level accounts starting from 13 SGD ($10).
How to make a Deposit
To deposit funds to an account with JustMarkets, Singaporean traders can follow these steps:
✅Begin by logging into your JustMarkets trading account with your unique credentials.
✅Once logged in, go to the ‘Deposit’ area. This is often located in the dashboard or account management section.
✅JustMarkets accepts deposit options, including bank transfers, credit and debit cards, and e-wallets. Select the one that is most convenient for you.
✅When asked to pick a currency for the deposit, choose Singapore Dollars (SGD). This option is critical for avoiding unnecessary currency conversion expenses.
✅Input the amount you want to deposit in SGD. Ensure that it meets JustMarkets’ minimum and maximum deposit standards.
✅To complete the transaction, follow any extra instructions related to your selected deposit method. This might include connecting to an external payment gateway or verifying the transaction with your bank.
✅After completing the deposit procedure, JustMarkets will send you a confirmation. This confirms that your cash is on its way to your trading account.
How long do JustMarkets Deposits take?
The time it takes for deposits to appear in your JustMarkets account varies based on the method used. Credit/debit card transactions and e-wallet deposits are normally completed instantly or within a few minutes.
However, bank transfers might take several hours to a business day to complete. Singaporean traders must arrange their deposits carefully, particularly if they wish to initiate trades based on current market possibilities.
What are the steps to deposit JustMarkets?
The minimum deposit amount at JustMarkets varies by account type, with certain accounts having very low minimum deposits.
How quickly are deposits processed at JustMarkets?
Deposit processing times at JustMarkets vary by method, with several options providing rapid or near-instant processing.
How to Withdraw
To withdraw funds from an account with JustMarkets, Singaporean traders can follow these steps:
✅Begin by signing into your JustMarkets trading account using your particular credentials.
✅Once you have signed in, go to your account dashboard’s ‘Withdrawal’ portion. This component is often located under account management or on the main dashboard.
✅JustMarkets provides various withdrawal options, including bank transfers, credit/debit cards, and e-wallets. Choose the technique that is most convenient and accessible to you.
✅Choose the Singapore Dollar (SGD) as your withdrawal currency when asked. This is vital for avoiding currency translation costs and receiving payments in your local currency.
✅Enter the amount you want to withdraw, confirming that it is within JustMarkets’ minimum and maximum withdrawal limitations.
✅Follow the on-screen steps to complete your withdrawal request. To ensure security, further verification processes may be required.
✅Submit your withdrawal request after you have completed all of the necessary data.
How long do JustMarkets Withdrawals take?
The time it takes for the withdrawal to be completed and reflected in your account varies according to your chosen method. E-wallet withdrawals are usually handled within 1-2 hours. However, credit/debit card transactions may take a little longer.
Bank transfers may take longer, from a few hours to several business days. Singaporean traders should schedule their withdrawals around these processing timeframes, particularly if they want immediate access to their cash.
Are there any fees for withdrawing funds from JustMarkets?
No, JustMarkets normally does not impose withdrawal fees. However, traders should be aware of any costs related to certain withdrawal methods.
Is there a minimum withdrawal amount at JustMarkets?
Yes, The minimum withdrawal amount at JustMarkets varies depending on the method used.
Educational Resources
Education
JustMarkets offers the following Educational Materials to Singaporean traders:
➡️Quick Start
➡️Online Training Webinars
➡️Bookings for future webinars
➡️Forex Articles
➡️Forex Glossary
➡️Educational Videos
➡️Currencies
JustMarkets also offers Singaporean traders the following additional Research and Trading Tools:
➡️Market Overview
➡️Daily Forecasts
➡️Market News
➡️Economic Calendar
Pros and Cons
| ✅Pros | ❌Cons |
| JustMarkets offers some standalone trading tools on its website | There are limited proprietary and third-party trading tools |
| Singaporeans can register a demo account across platforms and account types | The demo account is only valid for 30 days |
| JustMarkets offers free VPS and trading signals | There is a limited portfolio of trader education |
Are JustMarkets' educational materials suitable for beginners?
Yes, JustMarkets’ educational resources are designed for all skill levels, including novices, with simple information and basic trading techniques.
Can I use JustMarkets' research tools on mobile devices?
Yes, JustMarkets’ research tools are available via mobile devices, enabling traders to keep informed while on the road.
Bonuses and Promotions
JustMarkets offers Singaporean traders the following bonuses and promotions:
➡️No-Deposit Bonus / Welcome Bonus
➡️120% Deposit Bonus
➡️Referral Bonus
The $30 Welcome Bonus is appealing and tailored exclusively for novice traders. This incentive is a fantastic beginning point for beginners in the forex market, enabling them to begin their trading career without investing any capital beforehand.
This risk-free introduction to forex trading is particularly useful for novices still learning the market’s ropes.
Another notable incentive is the 120% Deposit Bonus, which dramatically increases customers’ trading money without maximum restriction. This incentive is especially tempting to traders wishing to improve their trading volume since it significantly boosts trading money.
The lack of a maximum limit on this incentive enables traders to leverage their deposits far higher, increasing their trading chances and possible profit.
Furthermore, JustMarkets offers a unique “Just Invite Friends” incentive, encouraging current customers to connect new traders to the site. This program allows traders to earn up to $10 for each lot traded by their recommended friends.
This promotes the expansion of the JustMarkets community and compensates current customers for recommendations, resulting in a mutually advantageous environment for both the broker and its clients.
Is the JustMarkets 120% deposit bonus available to all traders?
The JustMarkets 120% deposit bonus is offered to traders. However, eligibility varies by region and account type.
Can bonuses at JustMarkets be withdrawn as cash?
Withdrawal terms for JustMarkets bonuses differ, with some permitting cash withdrawal after achieving particular trading volume thresholds.
Affiliate Programs
Singaporean affiliates working with JustMarkets may anticipate a comprehensive set of services aimed at increasing their potential profits and improving their affiliate marketing experience.
One of the most notable aspects is the high commission rate, up to $1,500 per referred customer, making it an appealing option for individuals wishing to create a significant income.
JustMarkets also has a multi-level scheme that allows affiliates to gain from direct referrals and customers brought in by their sub-affiliates, increasing their earning potential.
The program is backed by modern marketing tools and comprehensive reporting information, allowing affiliates to monitor and improve their tactics successfully.
Including a dedicated affiliate manager is a big benefit since it gives individual assistance and direction, allowing affiliates to get the most out of the program. Furthermore, JustMarkets handles payments quickly, guaranteeing that affiliates get revenue without excessive wait.
Furthermore, integrating MQL5 signals into the JustMarkets platform expands the affiliate program’s capabilities.
It makes it easy for traders to follow and duplicate successful trading techniques, improving JustMarkets’ attractiveness to new customers and, as a result, affiliate conversion rates.
With these features, JustMarkets provides a well-rounded and attractive possibility for Singaporean affiliates wishing to profit from the forex trading industry.
What tools does JustMarkets provide to its affiliates?
JustMarkets offers cutting-edge marketing solutions, such as banners and links, to assist affiliates in promoting efficiently.
Can affiliates use MQL5 signals in the JustMarkets Affiliate Program?
Yes, affiliates may use MQL5 signals to monitor and replicate successful traders’ signals inside the MetaTrader interface
How to Register an Affiliate Account Step-by-Step
To register an Affiliate Account, Singaporean traders can follow these steps:
Step 1: Go to the official website and click on the “Partnerships” banner
Step 2: Click on “Affiliates”
Step 3: Click on “Become Partner”
Fill out the registration form with all of the needed information. This normally contains personal information such as your name, email address, contact information, and any other information JustMarkets requests.
Step 4: Wait for confirmation from JustMarkets
After you submit the form, JustMarkets will usually examine your application. Wait for an email from JustMarkets confirming that your affiliate account has been enabled.
- Log in to your newly activated JustMarkets affiliate account. JustMarkets provides various tools and information to assist you with your affiliate marketing efforts.
- With access to your affiliate dashboard, you can begin advertising JustMarkets using the given marketing materials and your unique affiliate link.
Can anyone open an Affiliate Account with JustMarkets?
While most people can register an Affiliate Account with JustMarkets, eligibility is based on satisfying specific requirements and restrictions.
What support does JustMarkets provide to new affiliates?
JustMarkets provides excellent support for new affiliates, including instruction and advice from a dedicated staff.
Customer Support
| 🤝Customer Support | 👥JustMarkets Customer Support |
| ⏰Operating Hours | 24/7 |
| 🫰🏻Support Languages | Multilingual |
| 🗣️Live Chat | ✅ Yes |
| 💻Email Address | [email protected] |
| ☎️Telephonic Support | ✅ Yes |
| 4️⃣The overall quality of JustMarkets Support | 4/5 |
Response Time
| 🫴🏻 Support Channel | ⏰Average Response Time | 🕰️User-based Response Time |
| ☎️Phone | 10 minutes | 6 minutes |
| 24 hours | 3 – 6 hours | |
| 🗣️Live Chat | 5 minutes | 5 minutes |
| 📱Social Media | 5 minutes | 5 minutes |
| 🤝Affiliate | 24 hours | 1 working day |
Quality of Customer Service
JustMarkets consistently provides excellent customer service. The support staff is available 24 hours a day, seven days a week, to provide immediate help. Their multilingual assistance is a big benefit, particularly when responding to our different linguistic preferences.
Responses are often rapid and helpful, whether by live chat, email, or phone assistance. While difficult issues may take longer, our overall experience with JustMarkets’ customer support has been great, adding to our trading adventure on the site.
This help level has been critical in promptly addressing our queries, resulting in a seamless trading experience.
Pros and Cons
| ✅Pros | ❌Cons |
| JustMarkets offers support 24 hours a day, 7 days a week | JustMarkets does not have a local office in Singapore |
What customer support options does JustMarkets offer?
JustMarkets provides multilingual 24/7 customer service by live chat, email, and phone.
Can I get technical support for trading platforms at JustMarkets?
Yes, JustMarkets provides technical assistance for trading platforms and may help traders with platform-related questions.
Social Responsibility
Social Trading at JustMarkets broadens the horizons for Singaporean traders by allowing them to follow and copy the methods of expert traders. This feature is useful for novices who want to learn from experienced traders.
It saves time by eliminating the need for comprehensive market research and analysis. For more experienced traders, becoming trade leaders on JustMarkets’ social trading platform allows them to make more money by enticing new customers.
Fees for duplicating transactions might include commissions on successful trades or subscription fees. JustMarkets’ interface with MetaTrader 4 and MQL5 signals allows for simple monitoring and replicating of successful trades.
This program streamlines the trading process, making it more accessible and lucrative for Singapore traders of all skill levels. The platform’s user-friendly interface and ability to diversify risk by following numerous signal sources are additional benefits that improve the trading experience.
Does JustMarkets offer social trading options?
Yes, JustMarkets provides social trading options, which enable traders to follow and replicate the moves of experienced traders.
Can I stop copying a trader on JustMarkets' social trading platform anytime?
Yes, you may cease imitating a trader on JustMarkets’ social trading platform at any moment, depending on your trading plan.
User Comments and Reviews
🥇“As a beginner, JustMarkets’ $30 Welcome Bonus gave me a realistic start without the need for an instant commitment. The instructional resources accelerated my learning curve.” – Oliver Johnson (January 2025)
🥈“The 120% Deposit Bonus from JustMarkets greatly increased my trading money. You must carefully study the conditions to take advantage of such promotions.” – Lucas Martin (January 2025)
🥉“JustMarkets has proven to be a valuable resource for forex trading in Singapore. Their leverage of 1:3000 is impressive, but it requires a robust risk management approach. The lack of deposit fees provides financial comfort.” – Shan Toh (November 2023)
In Conclusion
Our ultimate opinion on JustMarkets for Singaporean traders is that it is an appealing platform for both beginner and experienced traders, thanks to its comprehensive variety of account kinds and broad market access.
According to our findings, beginners will benefit from the variety of available instructional tools and the $30 Welcome Bonus. While customer care is prompt and helpful, the lack of a local office in Singapore may alarm certain traders.
Our Insight
In my opinion, JustMarkets is a good option for Indonesian traders. With the leverage of up to 1:3000 and the combination of the MetaTrader 4 and MetaTrader 5 platforms is ideal for people looking for powerful trading capabilities and an easy-to-use interface.
Our Recommendations
✅More advanced risk management tools and resources, including improved connection with trading platforms, would be desirable, particularly given the large leverage available.
✅Hosting trading seminars and workshops in Singapore will educate traders and foster a community of JustMarkets members.
✅Establishing a local office in Singapore with specialized Singaporean account managers will allow for more customized and region-specific service.
✅Obtaining regulation and license from the Monetary Authority of Singapore (MAS) will greatly increase confidence and credibility among Singaporean traders.
✅Adding additional local payment options, such as popular Singapore bank transfers and e-wallets, will make deposits and withdrawals simpler and quicker.
✅Offering more relevant trading products for the Singapore market, such as SGX-listed equities and SGD currency pairings, will entice local traders.
✅Localizing the trading platform UI with multilingual support, including the main languages spoken in Singapore, will improve the user experience.
✅Engaging in corporate social responsibility initiatives in Singapore may boost brand image and community participation.
✅Although the present service is great, substantially lowering response times, particularly for complicated issues, will improve overall customer satisfaction.
✅Designing promotions and incentives tailored for the Singaporean market, considering local festivals and events, would make these offers more tempting.
✅Introducing accounts in Singapore Dollars (SGD) would remove currency translation costs and facilitate transactions for Singaporean customers.
✅Expanding the diversity and depth of training resources, including additional information geared toward the Singaporean market, would assist in meeting the learning demands of both rookie and experienced traders.
Pros & Cons
| ✅Pros | ❌Cons |
| Singaporeans can choose from several account types on MetaTrader 4 and 5 | JustMarkets does not offer an SGD-denominated account |
| JustMarkets offers a cent account, ideal for beginners | There is no regulation through Tier-1 entities |
| Customer support from JustMarkets is available 24 hours a day, 7 days a week | JustMarkets’ demo account expires 30 days after registration |
| Traders can easily register multi-currency accounts with JustMarkets | There is a limited product portfolio compared to other brokers and no local CFDs |
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Frequently Asked Questions
Does JustMarkets provide educational resources for Singaporean traders?
Yes, JustMarkets has a dedicated “Education” area on its website, including seminars, articles, and video lessons on numerous trading subjects. These materials are accessible in English but may need translation for certain Singaporeans.
Does JustMarkets offer customer support in Singaporean time zones?
Yes, JustMarkets’ customer service is available 24 hours a day, seven days a week, by live chat, email, or phone. However, phone help may not be accessible in all Singaporean time zones.
Does JustMarkets have Nasdaq 100?
Yes, Nasdaq can be traded under “US100” as a CFD on indices, with spreads from 1 pip.
Are there any bonuses or promotions available for Singaporean clients?
Yes, JustMarkets provides a variety of incentives and promotions to both new and current customers. These include deposit incentives, welcome offers, and cashback programs.
Is JustMarkets Safe or a Scam?
JustMarkets is a safe broker for Singaporeans, with multi-regulation and a high trust score of 90%.
Does JustMarkets offer SGD trading accounts?
No, JustMarkets does not offer SGD-denominated accounts. However, Singaporeans can deposit and withdraw in SGD.
Is JustMarkets regulated?
Yes, JustMarkets is regulated in South Africa by the FSCA, Cyprus by CySEC, Seychelles by the FSA, and Mauritius by the FSC.
Can Singaporeans trade CFDs on stocks with JustMarkets?
Yes, JustMarkets provides diverse CFDs on various assets, including equities from major worldwide exchanges. However, owing to local rules, certain CFDs may not be offered to Singaporean customers.
How long does it take to withdraw from JustMarkets?
Withdrawals typically take from one hour to six banking days, depending on the withdrawal method chosen.
What are the minimum deposit and withdrawal amounts for Singaporeans?
The minimum deposit for Singaporean accounts begins at USD 10, about SGD 13. Withdrawals are handled in various ways, with minimums varying according to the method used.
How can Singaporeans compare JustMarkets with other forex brokers?
Comparing various brokers is critical. Consider the following: costs, restrictions, trading platforms, available assets, and customer support. Online review sites and comparison tools may help you make an educated selection.
Does JustMarkets have VIX 75?
No, the Volatility 75 is not available for trading with JustMarkets.
Does JustMarkets accept PayNow or local bank transfers?
No, JustMarkets does not accept PayNow but supports local bank transfers and other local payment and withdrawal methods for Singaporeans.
