When choosing an online broker, traders often compare different platforms to find the one that suits their needs. In this post, we’ll dive into a detailed comparison between JustMarkets vs MTrading, two brokers that have garnered attention in the forex and CFD trading world. By the end of this guide, you’ll have a clearer understanding of which one may be the right fit for your trading journey.
This table highlights the key differences and similarities between the two brokers, providing an easy-to-understand comparison for traders.
| Feature | JustMarkets | MTrading |
|---|---|---|
| Regulation | FSA (Seychelles) | IFSC (Belize) |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4) |
| Minimum Deposit | From $1 | From $100 |
| Account Types | Standard Cent, Standard, Pro, Raw Spread | M.Premium, M.Pro |
| Spreads | From 0 pips (Raw Spread account) | From 0.1 pips (M.Pro account) |
| Commission | $3 per lot (Raw Spread account) | $4 per lot (M.Pro account) |
| Leverage | Up to 1:3000 | Up to 1:1000 |
| Customer Support | 24/7 via live chat, email, phone | Business hours via live chat, email, phone |
| Deposit & Withdrawal | Bank transfers, credit cards, e-wallets, crypto | Bank transfer, credit card, e-wallets |
| Withdrawal Processing Time | Typically within 24 hours | 1-3 business days |
| VISIT JUSTMARKETS | VISIT MTRADING |
Overview of JustMarkets vs MTrading
Both JustMarkets and MTrading are popular brokers that offer online trading services. They provide access to global markets, including forex, commodities, indices, and stocks. However, each broker has distinct features, advantages, and drawbacks that traders should consider before choosing.
Let’s break down the key aspects of both brokers to help you make an informed decision.
Regulation and Safety
When selecting a broker, the security of your funds is a top priority. Regulatory oversight is crucial because it ensures that the broker operates within legal and financial guidelines.
- JustMarkets: This broker is regulated by the Financial Services Authority (FSA) of Seychelles. JustMarkets offers negative balance protection and segregates client funds, which is an essential safety feature for traders. However, since Seychelles is considered an offshore regulatory jurisdiction, some traders might feel the regulatory oversight isn’t as strict as in other regions.
- MTrading: MTrading is registered in Belize and regulated by the International Financial Services Commission (IFSC). Like JustMarkets, it offers negative balance protection and segregates client funds. While Belize is also considered an offshore jurisdiction, the broker’s transparent operations and years of service help build confidence among traders.
Verdict: Both brokers are regulated by offshore authorities, which may raise concerns for some traders. However, both also offer essential protective measures like negative balance protection and fund segregation.
Trading Platforms
A smooth and efficient trading platform is crucial for executing trades seamlessly.
- JustMarkets: This broker offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, known for their robust charting tools, technical indicators, and user-friendly interface. MT5 provides additional features such as more order types and faster execution, catering to advanced traders.
- MTrading: Similar to JustMarkets, MTrading also provides the MetaTrader 4 (MT4) platform. While MT4 is suitable for most traders, the absence of MT5 may be a drawback for those seeking advanced trading features.
Verdict: JustMarkets takes the lead in this category by offering both MT4 and MT5, giving traders more flexibility depending on their trading preferences and expertise.
Account Types and Minimum Deposit
Different traders have different financial goals and risk appetites, so brokers need to offer varied account types.
- JustMarkets: Offers several account types, including Standard Cent, Standard, Pro, and Raw Spread accounts. The minimum deposit starts as low as $1 for the Standard Cent account, making it highly accessible for beginner traders. The Pro and Raw Spread accounts cater to more experienced traders with tighter spreads and faster execution speeds.
- MTrading: MTrading offers two main account types: the M.Pro and M.Premium accounts. The minimum deposit for the M.Premium account is $100, while for the M.Pro account, it is $500. Both accounts offer competitive spreads, but the higher minimum deposit may be a barrier for beginners.
Verdict: JustMarkets offers a wider range of account types and a much lower minimum deposit, making it the better choice for beginner traders or those with limited capital.
Spreads and Commissions
Lower trading costs can significantly impact your profitability, so it’s important to compare spreads and commissions.
- JustMarkets: Offers tight spreads starting from 0 pips on its Raw Spread account. However, there is a commission of $3 per side (per lot) for this account. The Standard and Pro accounts offer spreads from 0.3 pips with no commission, making them suitable for those who prefer spread-only trading.
- MTrading: MTrading’s M.Pro account offers spreads starting from 0.1 pips with a commission of $4 per side (per lot). The M.Premium account has spreads from 1.1 pips with no commission, which is higher than JustMarkets’ spread-only accounts.
Verdict: JustMarkets has more competitive spreads and lower commission rates, making it more cost-effective for traders, especially those using the Raw Spread account.
Leverage
Leverage allows traders to control larger positions with smaller deposits, but it also increases risk.
- JustMarkets: Offers leverage up to 1:3000, one of the highest in the industry. This level of leverage may appeal to experienced traders who are confident in managing risk. However, beginners should be cautious as high leverage can amplify losses.
- MTrading: Offers leverage up to 1:1000, which is still high and provides plenty of flexibility for traders who prefer using leverage in their trading strategies.
Verdict: JustMarkets offers higher leverage, which may attract traders looking for more aggressive trading options. However, MTrading’s leverage is more than sufficient for most traders, particularly for those focused on risk management.
Customer Support
Good customer service is essential, especially for new traders who may need assistance with account setup, platform navigation, or troubleshooting.
- JustMarkets: Offers 24/7 customer support via live chat, email, and phone. Their multilingual support is an advantage for traders from different regions.
- MTrading: Provides customer support during business hours via live chat, email, and phone. While their support is helpful, the lack of 24/7 availability may be inconvenient for traders in different time zones.
Verdict: JustMarkets edges out MTrading with 24/7 support, which can be critical for traders in need of assistance outside regular business hours.
Deposit and Withdrawal Options
The ease and speed of depositing and withdrawing funds can make a huge difference in your trading experience.
- JustMarkets: Offers a variety of deposit and withdrawal methods, including bank transfers, credit cards, e-wallets, and cryptocurrency. Most transactions are processed within 24 hours, and some methods even offer instant deposits.
- MTrading: Also provides a wide range of deposit and withdrawal options, including bank transfers, credit cards, and e-wallets. The withdrawal process typically takes 1-3 business days, depending on the method used.
Verdict: Both brokers offer multiple payment options, but JustMarkets may be faster with its instant deposit features for certain methods.
JustMarkets vs MTrading – Which is Better?
When comparing JustMarkets vs MTrading, it’s clear that both brokers offer solid trading platforms and a wide range of financial instruments. However, JustMarkets stands out in several key areas:
- It offers both MT4 and MT5 platforms.
- It has a lower minimum deposit, making it more accessible to beginners.
- The spreads and commissions are more competitive, especially for the Raw Spread account.
- 24/7 customer support is a plus for those who may need help around the clock.
On the other hand, MTrading is still a strong contender, especially for traders who are comfortable with its features and don’t need the added flexibility of MT5 or 24/7 support.
In the end, your choice should depend on your individual trading needs, budget, and experience level. If you’re a beginner or a trader looking for lower costs and more flexibility, JustMarkets may be the better option. However, if you prefer a straightforward experience and are comfortable with the MT4 platform, MTrading is also a reliable broker.
Make sure to test both brokers using demo accounts before committing real funds to see which one feels more comfortable for you.
Editorial Staff at Chweya is a team of financial experts led by Vincent Nyagaka, with over 9 years of experience in finance, commerce, forex, crypto, and marketing. Started in 2014, Chweya is now among the largest free financial resource sites in the industry and is often referred to as Wikipedia for business.