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Just Perfect Markets Review - is it scam or safe?

Just Perfect Markets review - Is justperfectmarkets.com scam or good forex broker?

RATING: 1.4 / 1 REVIEWS ForexBrokerz Just Perfect Markets
Just Perfect Markets is an offshore broker. Your money is not safe.

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Just Perfect Markets is an offshore broker based on St. Vincent and the Grenadines, which offers a number of currency pairs and other CFDs with three account types, leverage as high as 1:500 and the MetaTrader5 platform. Unfortunately the broker is not regulated as it should be if they want to target customers on regulated markets like the European Union, so if you are thinking about depositing your funds with them better read the following paragraphs.

 

Account type Min. deposit Max. leverage Spreads/ Payout
Standard Account $10

1:500

2,3 pips
EA Robot $200 1:500 1,9 pips
Active Traders $1000 1:500 0,3 pips

 

Just Perfect Markets Advantages:

 

Lots of trading instruments

 

Just Perfect Markets say to be offering 250 plus trading instruments – among which over 50 currency pairs, many of which minor or exotic like USDCZK, USDRUB, USDZAR, USDCNH, USDMXN, USDPLN, USDHKD, USDHUF, USDTRY, USDSGD, USDDKK, USDNOK and USDSEK, 10 indices, gold, silver and oil. No crypto currencies are available however, so here you can also check our list of brokers trading with bitcoin CFDs:

 

>>Bitcoin Forex Brokers<<

 

Leverage of up to 1:500

 

Bear in mind that although leverage as high as 1:500 might seem attractive, it also comes with a significantly higher risk as it can erase your funds with the slightest fluctuation of the market. And it was not a surprise when regulators in Europe the U.S., Canada and now even Australia capped (or are in a process to do so) the maximum leverage allowed with forex and CFD trade at levels well below 1:100.

 

MetaTrader5 available

 

Although Just Perfect Markets says to be offering MetaTrader4, when we proceeded to download the platform we were offered a MetaTrader5 platform directly form the website of MetaQuotes – the company that develops both MT4 and MT5. In any case the presence of MetaTrader5 is welcome – the platform is highly reliable and has many advantages, among which the option to run algorithmic trading sessions with the help of specially designed trading robots and numerous market indicators. On top of that MT5 comes with an excellent pack of advanced charting tools, so here you may check our list of brokers supporting MT5 as well:

 

>>MT5 Brokers<<

 

You can start trading with just 10 USD

 

That is good news as well. Take a note however, that with some big and well known brokers like FBS and IG you will be able to trade with just 5 USD or even less.

 

Just Perfect Markets Disadvantages:

 

No license

 

Just Perfect Markets is owned by Just Perfect Markets Limited, a company based offshore in St. Vincent and the Grenadines, but all clearing services are provided by Just Perfect Tech SDN BHD, which is based in Malaysia. And as we already noted the broker is not regulated and that significantly erodes its credibility.

 

The benefits of trading with a regulated broker are obvious. Brokers regulated by an official institution such as the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC) have to follow strict rules among which to keep your fund in a segregated, protected form creditors, trust account, to maintain a certain minimum operational capital, with which to guarantee all outstanding payments to customers, to provide traders with a negative balance protection, to file regular reports and to allow external audits.

 

And besides, your money may be protected by a client compensation fund, which in the case of FCA will cover the first 85 000 GBP of your account, even in the unlikely event your broker files for bankruptcy. Here you may check our list of brokers regulated in the UK:

 

>>FCA Regulated Forex Brokers<< 

 

No demo account directly available

 

Just Perfect Markets advertises “ultra low spreads”, but as we were not able to directly open a demo account we can not confirm this. And besides with their Standard Account the broker says to offer spreads starting from 2,3 pips and that is not what we call “ultra low”. In any case here you may also check our list of brokers offering tighter spreads:

 

>> Lowest spread forex brokers<<

 

Market maker

 

In their Terms and Conditions Just Perfect Market admits they are acting as marker makers. See for your self:

 

 

Just bear in mind that if a market maker offers you to manage your account or to give you trading advises, it will be in a conflict of interest, as market makers make money whenever traders lose.

 

Skrill not accepted as a payment method

 

Just Perfect Market accepts payments with various e-wallets – FasaPay, QIWI, SticPay, AliPay, UpayCard, Paytrust, Help2pay, Easy EFT and Apcopay, as well as VISA, MasterCard, Union Pay and bank wire, but they do not accept Skrill – probably the best known e-wallet on the market – and that is notable especially in the light of the new anti – scam policy adopted by the money transfer company. According it Skrill partners only with regulated brokers, and as we already discussed Just Perfect Market does not have a license whatsoever. Besides, here you may check our list of brokers accepting payments with Skrill:

 

>>Brokers accepting Skrill<<

 

Conclusion:

 

Just Perfect Market  is a low credibility, unregulated, offshore broker, which we can not recommend. As we already discussed trading with unregulated brokers is associated with unreasonable risks, so our advise is to chose a broker, regulated by a respectable financial watchdog, like the FCA in the UK, CySEC in Cyprus or ASIC in Australia.

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Traders` reviews for Just Perfect Markets

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