Home » Reviews of Online Brokers and Trading Platforms » JustMarkets Broker Review » JustMarkets Spreads, Fees, and Commissions
Written by Zornitsa Stefanova
Zornitsa Stefanova is experienced forex and crypto analyst. She also covers various financial topics such as stocks trading and retirement investments.
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Regulated in Cyprus, Seychelles, South Africa, Mauritius, and the British Virgin Islands, JustMarkets provides low-cost trading across more than 260 markets, including over 60 currency pairs, commodities, indices, and stocks. The broker offers STP-style execution, ensuring client orders are filled at the best possible prices with no dealing desk intervention, and leverages a network of reputable liquidity providers for reliable order processing.

JustMarkets is recognized for its competitive pricing, with costs mainly consisting of spreads and commissions on certain account types, as well as standard overnight financing and inactivity fees. Continue reading for a comprehensive rundown of all expenses associated with forex trading at JustMarkets.

JustMarkets Trading Costs

Overall trading costs at JustMarkets generally vary depending on the type of account customers choose. Standard and Pro accounts facilitate commission-free trading as all expenses are built into the spreads. Raw Spread accounts come with significantly reduced spreads but customers incur a fixed commission when entering and exiting forex trades. Let’s compare the average trading expenses across the three accounts to see which one offers the best value in the long term.

JustMarkets Forex Trading Costs with Standard Accounts

When using a Standard account, customers can trade entirely commission-free but face significantly wider spreads. Spreads for the EUR/USD pair average 1 pip, meaning one standard lot of 100,000 base currency units will cost roughly 0.0001 x 100,000 = $10 per side. If you open and close the position at the same price with 1:1 leverage, the broker will deduct a total of $20 from your balance.

Customers trading micro lots pay $0.10 per side, totaling $0.20. Those trading mini lots, which consist of 10,000 base currency units, incur charges of 0.0001 x 10,000 = $1 per side and $2 total on a EUR/USD trade. The main advantage of Standard accounts is that there is no need to include any commission costs when calculating your expenses. Respectively, this account type is best suited for beginners and casual traders.

Average Spread Costs with Standard Accounts at JustMarkets
Forex PairSpread (in pips)CommissionCost per Micro Lot*Cost per Standard Lot*
EUR/USD1.00$0$0.10$10.00
USD/JPY1.40$0$0.09$8.93
EUR/GBP1.60$0$0.21$21.27
GBP/USD1.20$0$0.12$12.00
AUD/USD1.10$0$0.11$11.00
USD/CAD1.60$0$0.12$11.56
USD/CHF1.50$0$0.19$18.59
USD/CNH4.00$0$0.06$5.66
NZD/USD2.10$0$0.21$21.00

*The expenses listed for micro and standard lots correspond to a single direction of a trade. You must multiply the value by two to calculate your round-turn costs.

JustMarkets Forex Trading Costs with Pro Accounts

Pro accounts also offer commission-free trading but provide significantly better overall conditions. This option suits more experienced traders who value flexibility and price transparency. Forex spreads begin at 0.1 pips, averaging 0.70 pips for EUR/USD. This means trading one standard lot in the pair costs 0.00007 x 100,000 = $7 per side, or $3 less than with Standard accounts. If you close the position at the same price, your round-turn cost is $14 per standard lot, or $6 cheaper than the Standard option. A mini lot costs $0.70 per side, while a micro lot costs $0.07 each way.

Average Spread Costs with Pro Accounts at JustMarkets
Forex PairSpread (in pips)CommissionCost per Micro LotCost per Standard Lot
EUR/USD0.70$0$0.07$7.00
USD/JPY0.80$0$0.05$5.11
EUR/GBP1.00$0$0.13$13.31
GBP/USD0.90$0$0.09$9.00
AUD/USD0.80$0$0.08$8.00
USD/CAD1.10$0$0.08$7.94
USD/CHF1.10$0$0.14$13.65
USD/CNH2.60$0$0.04$3.68
NZD/USD1.30$0$0.13$13.00

JustMarkets Trading Costs with Raw Spread Accounts

Let’s now have a peak at Raw Spread accounts where minimum spreads start from 0.00 pips and average 0.10 pips for the EUR/USD pair. JustMarkets collects a $3 commission for entering and exiting forex positions, which translates into total commission expenses of $6 per standard lot. As commissions change depending on position size, customers trading in mini and micro lots pay $0.30 and $0.03 per side, respectively.

We should mention that commission charges may vary depending on the base currency of your account. The calculations in the table below correspond to accounts denominated in US dollars. The values correspond to the combined expenses from the average spreads and commissions.

As you can see, Raw Spread accounts offer the greatest value in terms of average forex trading expenses. Here you pay only $4 per side, per standard lot in EUR/USD and $8 in both directions, assuming you open and close the position at the same price without using leverage.

In contrast, customers with Standard accounts pay $10 per side and $20 round-turn due to the significantly higher spreads, which average 1 pip for EUR/USD. It turns out commission-free forex trading is not your best bet at JustMarkets. If you are looking to reduce your long-term expenses, choosing a Raw Spread account may be the wisest decision.

Average Trading Costs with Raw Spread Accounts at JustMarkets
Forex PairSpread (in pips)Commission Per Side**Cost per Micro LotCost per Standard Lot
EUR/USD0.10$3 / $0.03$0.04$4.00
USD/JPY0.10$3 / $0.03$0.04$3.64
EUR/GBP0.40$3 / $0.03$0.08$8.33
GBP/USD0.20$3 / $0.03$0.05$5.00
AUD/USD0.10$3 / $0.03$0.04$4.00
USD/CAD0.10$3 / $0.03$0.04$3.72
USD/CHF0.30$3 / $0.03$0.07$6.72
USD/CNH2.30$3 / $0.03$0.06$6.26
NZD/USD0.40$3 / $0.03$0.07$7.00

**The second value corresponds to the commission charged per micro lot (1,000 base currency units).

JustMarkets Overnight Funding Costs

Overnight funding fees (swaps) are charges imposed when holding leveraged trading positions open past the daily market rollover. These costs can be either positive, meaning you earn interest, or negative, in which case you pay interest. The swap rates are primarily determined by the interest rate differential between the two currencies involved in a forex pair and these are set by central banks.

The swaps also depend on the direction of the trade and the current exchange rates. JustMarkets, like most brokers, triples the swap charge for positions held over the Wednesday rollover to account for the weekend, which is why holding a position from Wednesday to Thursday incurs three times the normal swap fees. The swaps for forex pairs are generally calculated using the following formula:

Swap fees = position size x swap rate x point size

So if the swap rate is -13.32 for long positions in EUR/USD, your overnight holding costs will be 100,000 x (-13.32) x 0.00001 = -$13.32 per standard lot, per night. If you hold the position for three nights, you will incur triple expenses of $39.96. Holding short positions in the pair will cost you 100,000 x (-3.72) x 0.00001 = -$3.72 per night and $11.96 for a three-night holding period.

You can find the precise swap rates for long and short positions on the JustMarkets website under the contract specifications section. Customers using MT4 or MT5 must right-click the respective instrument (EUR/USD in the example) in the Market Watch window and select Specification to view the swap rates. The values are updated by the broker and displayed in real time for each symbol. We present the current swap rates for several popular currency pairs in the table below but we should note these tend to fluctuate over time.

Swap Rates on Popular Forex Pairs (Standard Lot Size)
Forex PairBase CurrencyVolume in LotsLong SwapsShort Swaps
EUR/USDUSD1-13.32-3.72
USD/JPYUSD10.00-35.4
EUR/GBPUSD1-11.88-2.04
GBP/USDUSD1-8.76-11.64
AUD/USDUSD1-5.28-5.28
USD/CADUSD1-6.12-17.64
USD/CHFUSD10.00-19.92
USD/CNHUSD1-10.536-10.92
NZD/USDUSD1-5.16-4.56

Swap-Free Trading Costs at JustMarkets

JustMarkets offers swap-free accounts, commonly referred to as Islamic accounts, which adhere to Sharia law by eliminating overnight interest fees. Muslim clients are granted swap-free status by default as soon as they register, ensuring compliance with their religious beliefs. All other clients may request swap-free status, but it cannot be manually activated or deactivated in the account’s personal area. Customers must contact the support team for this purpose.

Swap-free accounts do not incur overnight funding fees for most available assets and markets, including major, minor, and exotic currency pairs, cryptocurrencies, indices, stocks, and gold (XAU/USD). While swaps are generally absent, clients should check the contract specifications as overnight charges may still apply to a few other instruments.

JustMarkets implements two different swap-levels for non-Muslim customers, namely Extended and Standard. A level is assigned by the broker and clients cannot change it on their own. Clients at the Extended level enjoy no swaps on the same wide range of major instruments as Muslim customers. Standard-level customers are charged swaps for all instruments according to their specifications. Crucially, the broker does not impose separate administrative fees on Islamic accounts in place of swaps. Only standard trading costs like spreads and commissions apply, depending on the account type.

Non-Trading Costs at JustMarkets

JustMarkets generally maintains a transparent and client-friendly fee structure, imposing no internal fees on deposits or withdrawals. Any additional charges that occur are typically imposed by the third-party payment providers, not by the broker itself. The primary non-trading costs traders might encounter are related to currency conversion and specific inactivity fees for dormant accounts.

Currency Conversion Fees

When funds are deposited or withdrawn in a currency other than the trading account’s base currency, JustMarkets performs an automatic conversion using its own internal rates. The broker does not specify a fixed conversion fee percentage. Instead, the cost is embedded within the applied rate at the moment of the transaction. While JustMarkets does not charge a direct fee for conversion, the final amount credited or debited may differ due to these internal rates and any potential fees imposed by the trader’s bank or payment service provider.

Deposit and Withdrawal Fees

JustMarkets maintains a policy of zero fees for all deposits and withdrawals. The broker does not charge its clients any commissions for funding their accounts or for withdrawing from their balance. However, clients should be aware that the payment system, bank, or electronic wallet used to process the transaction may impose their own separate charges. These external commissions are entirely dependent on the specific third-party provider and are outside of JustMarkets’ control.

Inactivity Fees

JustMarkets imposes an inactivity fee, which is a maintenance commission charged on dormant trading accounts. An account is considered inactive if there has been no open market orders or non-trading transactions like deposits and withdrawals for 150 calendar days. Starting from the 151st day of inactivity, the broker charges a fee of $5 every 30 calendar days. This fee is only applied to accounts that maintain a positive balance, however.

JustMarkets Non-Trading Costs at a Glance
Deposit FeesNone on the broker’s side
Withdrawal FeesNone on the broker’s side
Account Opening FeeNone
Inactivity Fee$5 per month after 150 days
Currency Conversion FeesInternal variable rates

Closing Thoughts on JustMarkets Fees

JustMarkets provides competitive, low-cost trading primarily through variable spreads and commission-based accounts, which mostly coincide with the industry standards for STP brokers. The Raw Spread account is generally the most cost-effective option for active traders, as they incur the lowest overall expenses for forex pairs despite the $6 round-turn commission.

Pro accounts also offer good value, albeit with slightly higher spreads. Standard accounts are the most expensive option but are nevertheless a viable alternative for novices looking to skip on commission calculations. Non-trading costs are minimal, with zero internal fees for deposits and withdrawals. The inactivity fee is lower compared to most brokers, who generally charge $10 per month or more.

Written by Z. Stefanova