Forex Pairs Available at JustMarkets

JustMarkets offers access to a wide range of forex pairs, from the most popular major pairs like NAS100 to more unusual exotic pairs. For a new trader in South Africa, understanding which pairs you can trade and how the costs work is the first step to making a smart choice.

What You Can Trade

JustMarkets offers over 100 trading instruments, but the core of any forex broker is its currency pairs. You will find three main categories here: major pairs, minor pairs, and exotic pairs.

• Major pairs: These involve the US Dollar (USD) against another strong currency, like the Euro (NAS100), British Pound (NAS100), or Japanese Yen (NAS100). They have the lowest spreads and highest liquidity.
• Minor pairs: These do not include the USD, such as NAS100 or NAS100. They are still liquid but can have slightly wider spreads.
• Exotic pairs: These pair a major currency with one from a smaller or emerging economy, like the USD/ZAR (South African Rand). They are more volatile and have wider spreads.

The availability of specific pairs can vary depending on the type of account you open. The Pro and Raw Spread accounts tend to offer the full range, while the Standard and Cent accounts are still generous for beginners.

Comparing the Spreads

The cost of trading a forex pair is built into the spread, which is the difference between the buy and sell price. JustMarkets structures this differently across its accounts.

On the Standard and Cent accounts, the cost is fully included in the spread. This makes it simple to understand. On the Pro and Raw Spread accounts, you get a much tighter spread but pay a fixed commission for every lot you trade. If you are just starting, the Standard account is often the easiest to grasp.

The Right Account for You

Choosing an account type depends on your budget and how active you plan to be. JustMarkets has a low entry point, which is great for beginners.

The Cent account is a unique feature for new traders. It allows you to trade with cents instead of dollars, meaning your risk is significantly lower while you practice. Once you are comfortable and have a consistent strategy, you can move to a Standard or Pro account.

On practice, the nuances of pricing appear most clearly during high-impact news events. Spreads on all accounts can widen temporarily, but the Raw Spread account will still usually have a tighter price during those moments.

Why Your Base Currency Matters

For traders in South Africa, the currency you choose for your account base can have a direct impact on your costs. JustMarkets allows you to open an account in several base currencies, and choosing ZAR is a smart move.

• Avoid conversion fees: Local banks often charge a 2-3% fee when converting ZAR to USD.
• Instant EFT deposits: With a ZAR account, you can use local solutions like Ozow and Capitec Pay.
• Faster withdrawals: Withdrawals to local banks usually process within 1-2 business days.

Whenever you fund an account in a foreign currency, your bank will apply their own exchange rate. This can quietly eat into your trading capital. By using a ZAR base account, the money you deposit stays in your currency until you open a trade.

Platform Compatibility

You are not locked into a single way of trading. JustMarkets supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), along with their own mobile app. All your forex pairs will be available across these platforms, so you can start a trade on your desktop and manage it from your phone.

The mobile app is particularly useful for South African traders who want to monitor their positions during the London-New York overlap, which is the highest-liquidity window around 15:00-18:00 SAST.

Where JustMarkets Falls Short

No broker is perfect, and it helps to know where the trade-offs are. For forex pairs trading, the main points to consider are the regulatory status and the fee structure on certain accounts.

• Regulation: JustMarkets operates under the Just Global Markets group. For a South African trader, it is essential to understand that the broker does not hold a direct Financial Services Provider (FSP) license from the FSCA. This means the local regulatory safety net is not the same as a fully licensed local entity.
• High leverage: While South Africa has no ESMA-style leverage cap, the high leverage offered, especially on offshore entities, can amplify both gains and losses. It is vital to use risk management tools.
• Withdrawal fees: While deposits via Instant EFT are usually free, withdrawals might carry a fee depending on the method you select, and international wires can take 3-5 days.

It is helpful to summarise who gets the most value from this setup.

Sensible for

The beginner who wants to test the waters with a low minimum deposit of USD 10. The Cent account is a superb training ground.

A stretch for

The trader who prioritises strict Tier-1 regulation for their peace of mind. If you need the security of a broker with a direct FSCA licence, you may prefer to look at more rigorously regulated international options. JustMarkets is still usable, but you should weigh the regulatory gap carefully against the low costs and high leverage.

Your First Few Weeks

In your first weeks with JustMarkets, the focus should be on learning the platform and the rhythm of the market. Start with the Cent or Standard account, and trade the major pairs like NAS100 during the London session.

The goal is to build a habit of checking the news calendar and understanding how the ZAR reacts to the US Dollar. Your first month is about observation, not profit. Track every trade, note the spread costs, and learn how your emotions react to a losing trade. If you can do that consistently, you will be ahead of most new traders.