Juno Markets
Pros and Cons
Pros
- Regulated by Vanuatu Financial Services Commission (VFSC)
- Offers a variety of trading instruments including Forex, metals, and indices
- Leverage options up to 1:500
- Multiple account types: STP, ECN, and institutional
- Trading platform: MetaTrader 4 (MT4) available
Cons
- Offshore regulation by VFSC raises concerns
- Limited selection of trading instruments compared to competitors
- Only offers MetaTrader 4, lacking modern platforms
- Insufficient educational resources for traders
- Inactivity fees may apply to dormant accounts
Basic Information
User Reviews
Juno Markets Overview
Established in 2014, Juno Markets is a Vanuatu-based forex broker that operates under the regulatory oversight of the Vanuatu Financial Services Commission (VFSC), holding license number 40099. With its headquarters in Port Vila, Juno Markets has positioned itself to offer a variety of trading services to a global clientele, although it does not accept clients from certain jurisdictions, including the United States and Hong Kong. The broker emphasizes compliance with financial standards to ensure a secure trading environment for its users.
Is Juno Markets Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Vanuatu Financial Services Commission (VFSC) | Vanuatu | Segregated Funds |
| Australian Securities and Investments Commission (ASIC) | Australia | Investor Compensation Scheme |
Is Juno Markets Regulated and How Are Client Funds Protected?
Juno Markets is regulated by the Vanuatu Financial Services Commission (VFSC) under license number 40099, as well as by the Australian Securities and Investments Commission (ASIC). This regulatory oversight provides a layer of investor protection and ensures that Juno Markets adheres to specific financial standards and operational practices. Client funds are safeguarded through measures such as segregated accounts, which help ensure that traders’ funds are kept separate from the broker’s operational funds. Additionally, the ASIC regulation offers further protection through its Investor Compensation Scheme, which can provide compensation to clients in the event of broker insolvency. Overall, Juno Markets appears to be a legit and regulated broker, but potential clients should still exercise caution, especially given the offshore nature of its Vanuatu regulation.
Trading Products and Services
What trading instruments does Juno Markets offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, AUD/CAD, Major & Minor Pairs | 50+ |
| Commodities | Gold, Silver, Crude Oil, Natural Gas | Many |
| Indices | S&P 500, NASDAQ, FTSE 100, DAX | Many |
| Stocks | Apple, Tesla, BP, Vodafone | Many |
| Cryptocurrencies | BTC, ETH, XRP, LTC | Many |
Juno Markets offers a diverse range of trading instruments that cater to various trading styles and strategies. With access to major Forex pairs, commodities, indices, stocks, and cryptocurrencies, traders can tailor their portfolios according to their risk tolerance and investment goals. This extensive selection supports both beginners and experienced traders, enabling them to explore multiple markets and implement effective trading strategies. The availability of various asset categories enhances portfolio diversification, allowing traders to mitigate risks and seize opportunities across different market conditions.
Account Types and Trading Conditions
What Account Types and Fees Does Juno Markets Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| STP Account | Beginners, casual traders | Low minimum deposit, flexible leverage up to 1:500 | Suitable for small-capital practice; swap-free option available |
| ECN Account | Experienced traders, professionals | Tight spreads from 0 pips, commission-based | Requires higher minimum deposit of $500; suitable for active trading |
| Institutional Account | Corporate clients, high-volume traders | Tailored services, low commission, high leverage | Minimum deposit of $25,000 required; swap-free option not available |
| Demo Account | All traders | Risk-free trading environment, practice tools | Ideal for testing strategies without financial risk |
Account Opening Process
Opening an account with Juno Markets is straightforward and involves several steps. First, visit the Juno Markets website and click on the “Open an Account” button. You will need to provide personal information such as your name, email address, and country of residence. Afterward, select your desired account type and provide additional details including your preferred base currency and leverage options. Once you complete the registration form, you will need to agree to the terms and conditions before submitting your application. Juno Markets will verify your identity, requiring documents such as a government-issued ID and proof of address. After approval, you will receive your login credentials, and you can also upgrade to a professional account later if your trading requirements change.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $7/lot) | Tight spreads for major pairs |
| Forex (GBP/USD) | 1.0 | $0 (ECN: $7/lot) | Competitive pricing for major pairs |
| CFDs (Gold) | 1.5 | $0 (ECN: $7/lot) | Attractive for precious metals |
| CFDs (Oil) | 2.0 | $0 (ECN: $7/lot) | Standard spreads for commodities |
| Cryptos (BTC/USD) | 1.0% | 0.1% per lot | Variable depending on market conditions |
Other Fees
Traders should be aware of additional costs associated with trading at Juno Markets. These include deposit and withdrawal fees, which may vary based on the payment method used. Inactivity fees are applicable for dormant accounts that remain inactive for a specified period. Also, there may be platform usage fees if applicable, and overnight interest charges (swap rates) for positions held overnight. Currency conversion fees may also apply when trading in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does Juno Markets Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 4 (MT4) | iOS, Android, Windows, macOS | 2FA, market search, multiple order types, price alerts, technical indicators | Demo accounts, VPS, API interface |
| Web Version | Any device with internet access | Encryption, symbol lookup, one-click trading, push notifications | Demo accounts |
| Mobile App | iOS, Android | Biometrics, market alerts, real-time notifications, simplified trading interface | Demo accounts |
Juno Markets provides a comprehensive range of trading platforms to cater to various trader needs. The MetaTrader 4 platform is highly regarded for its robust features suitable for both novice and experienced traders, including advanced charting tools and automated trading capabilities. The web version allows access from any device with internet, ensuring flexibility in trading. The mobile app enhances convenience by enabling trading on the go, with secure login options and real-time alerts.
All platforms prioritize security through measures like two-factor authentication and encryption, ensuring that traders’ data and transactions are protected. Overall, Juno Markets offers a versatile trading environment with efficient order execution and effective tools for market analysis.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | Deposit: 1-3 days, Withdrawal: 2-5 days | Usually free, but banks may charge a fee (USD 15-30 for international wires) | Min Deposit: 25 USD, Max Withdrawal: 50,000 USD/day | USD, EUR, GBP, AUD |
| Credit/Debit Card | Deposit: Instant, Withdrawal: 2-5 days (after verification) | No platform fees, but cash advance fees may apply | Min Deposit: 25 USD, Max Withdrawal: 10,000 USD/transaction | USD, EUR, GBP |
| E-wallets (Skrill, Neteller) | Deposit: Instant, Withdrawal: Same day | No platform fees, but e-wallet fees may apply (1-2%) | Min Deposit: 25 USD, Max Withdrawal: 10,000 USD/transaction | USD, EUR, GBP |
| Cryptocurrency (Bitcoin, USDT) | Deposit: Instant, Withdrawal: 1 day | No platform fees, gas fee for transactions | Min Deposit: 25 USD, Max Withdrawal: No limit | Supports multiple cryptocurrencies |
| Local Payment Methods (UnionPay, Alipay) | Deposit: Instant, Withdrawal: 1-2 days | No platform fees, but local fees may apply | Min Deposit: 10 USD, Max Withdrawal: Varies by method | Supports local currencies |
Withdrawals must return to the original payment method due to anti-money laundering (AML) and know-your-customer (KYC) requirements, ensuring traceable fund flows. First-time large withdrawals (typically over 2,000 USD) require identity documents (passport) and address proof (utility bill), with additional scrutiny for suspicious transactions.
Payment methods may vary by region; for instance, Southeast Asian users may prefer local options like GrabPay, while European clients often use SEPA transfers. Users in the US cannot use Skrill, and some Middle Eastern countries have restrictions on PayPal. Partner banks in Japan may offer zero-fee transfers.
Cost Optimization Tips
- Small Deposits (<1,000 USD): Prioritize e-wallets or credit cards for instant, fee-free deposits.
- Large Deposits (>5,000 USD): Use bank transfers or SEPA for a lower total cost despite slower processing times.
- Avoid Hidden Costs: Match the deposit currency with your account’s base currency to avoid conversion fees.
- Multi-base Currency Accounts: Select brokers with several base currency options to minimize cross-currency fees.
How to Withdraw
- Log into your trading account.
- Navigate to the withdrawal section.
- Select your preferred payment method.
- Enter the withdrawal amount and any required information.
- Submit your withdrawal request.
- Complete any required identity verification if applicable.
- Wait for your request to be processed, which may take varying amounts of time depending on the payment method.
Customer Support
Juno Markets Customer Support Overview
Support Channels
Juno Markets provides a range of contact methods to ensure that customers receive the help they need. Their support channels include:
- Email: Customers can reach out to the support team via email at support@junomarkets.com for any inquiries or issues they might have.
- Live Chat: An online chat feature is available on their website, allowing for real-time communication with customer support representatives.
- Telephone: For more direct assistance, customers can call the support team to discuss their concerns verbally.
- Social Media: Juno Markets maintains an active presence on platforms like Facebook and Instagram, where customers can also reach out for support.
Service Availability
Juno Markets offers customer support that is available 24/5, catering to traders throughout the week. Their support team is multilingual, providing assistance in several languages, including English and Spanish, making it easier for a diverse clientele to access help.
Additional Resources
In addition to traditional customer support, Juno Markets provides numerous educational resources to help traders enhance their trading skills. These include:
- Video Tutorials: Informative videos covering various trading strategies and platform functionalities.
- Webinars: Live sessions that offer insights into market trends and trading techniques.
- Market Analysis: Regular updates and analyses to keep traders informed about market movements.
- Trading Signals: Expert-generated signals to assist traders in making informed decisions.
Frequently Asked Questions
Yes, Juno Markets is regulated by the Vanuatu Financial Services Commission (VFSC) under license number 40099, which ensures adherence to certain financial standards and operational practices.
Juno Markets offers competitive trading conditions including flexible leverage up to 1:500, tight spreads starting from 0 pips on ECN accounts, and a low minimum deposit requirement of $25 for STP accounts.
Juno Markets employs various security measures to protect client funds, such as segregating client accounts from operational funds and utilizing reputable payment processors for transactions to mitigate risks.
Clients can reach out to Juno Markets’ support team through multiple channels, including email, phone support, and live chat, ensuring assistance is available for any inquiries or issues.
Related Forex Brokers
Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.