Is JustMarkets Regulated? Is it safe? - TU Expert review
License is the most important document you have to consider when choosing a broker. Many traders, who would like to start working with JustMarkets try to check whether it is regulated. Traders Union experts have already done that. In this article, you will learn whether JustMarkets is regulated, what regulatory authorities supervise the broker and whether it is safe to work with the company in general.
Short summary about the broker JustMarkets
JustMarkets is a Forex and CFD broker using ECN and STP technologies, offering over 260 trading instruments and leverage up to 1:300 (depending on the trader's country). In over 10 years of operation, the company has attracted approximately a million traders from 190+ countries and has established four offices in different regions. JustMarkets holds licenses from CySEC (Cyprus), FSCA (South Africa), FSA (Seychelles), and FSC (Mauritius), and has received numerous international awards, including Best Broker in Asia and Africa. The company's services are unavailable to traders from the U.S., and each JustMarkets subsidiary has regional restrictions.
| 💰 Account currency: |
USD, EUR, GBP – all countries PLN – EU countries JPY, VND, MYR, ZAR, THB, IDR, KWD, CNY – countries outside the EU |
|---|---|
| 🚀 Minimum deposit: | $10 or $100 (depending on the country) |
| ⚖️ Leverage: | Up to 1:30, up to 1:300, up to 1:3000 (depending on the country and trader qualification) |
| 💱 Spread: |
Standard and Standard Cent – from 0.3 pips Pro – from 0.1 pips Raw Spread – from 0.0 pips |
| 🔧 Instruments: | Forex, indices, metals, energy, stocks, cryptocurrency pairs (not available in the EU) |
| 💹 Margin Call / Stop Out: |
CySEC: 80%/50% Other regulators: 40%/20% |
Pros and cons of JustMarkets
👍 Advantages of trading with JustMarkets:
•Regulation in four jurisdictions, including within the EU;
•A diverse range of trading assets, particularly currency pairs and CFDs on stocks;
•Low spreads and competitive lot fees on ECN accounts;
•High-quality and comprehensive education for beginners;
•Provision of classic MetaTrader platforms;
•Services for generating passive income;
•Partner and bonus programs with favorable conditions.
👎 Disadvantages of JustMarkets:
•Cent accounts and trading on MT4 platforms are unavailable to traders from the European Economic Area (EEA);
•Instant card deposits are not supported but funds are credited to the wallet balance within 30 minutes;
•Payouts from the investor compensation fund are exclusively available to clients from EU countries.
Why is it important to work with a regulated broker?
License is a document that certifies that a broker operates legally and guarantees fulfillment of its obligations to the traders. A financial license is issued by a financial regulatory authority of a country (the National Bank) or a specialized authority (for example, Securities Commission, Futures Trading Commission, etc.). It is important to choose licensed brokers for the following reasons:
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A license guarantees that the broker operates in compliance with the rules of the financial regulator that issued the document.
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In order to obtain the license, a broker must comply with certain requirements, for example, the size of the authorized capital or personnel qualification. It is simply not lucrative for scammers to comply with such requirements.
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A broker’s license provides access to real markets, and you can be sure that the quotes are real and up-to-date.
The best option is to work with a broker that holds the license of the jurisdiction, where the trader resides. You can also choose a company with a financial license of another reliable jurisdiction, for example, the U.S. or the European Union.
Is JustMarkets Regulated? Broker’s license
Security (Protection for Investors)
JustMarkets is a multi-regulated brokerage company holding license SD088 from the Financial Services Authority of Seychelles (FSA) and license GB22200881 from the Financial Services Commission of Mauritius (FSC). It is also registered with the Financial Sector Conduct Authority of South Africa (FSCA) under the number FSP 51114. The mentioned regulatory bodies ensure that the broker operates under the legislation of the countries in which it is registered and adheres to the rules of the international financial markets. The FSA, FSC, and FSCA do not have compensation funds, meaning that clients' funds from their licensees are not protected from loss.
Traders from European Union countries (excluding France and Belgium) are served by the JustMarkets unit with license number 401/21 issued by CySEC, the Cyprus Securities and Exchange Commission. This regulator is not only among the most authoritative and stringent but also provides recourse through its Investor Compensation Fund (ICF). In case of the broker's bankruptcy or refusal to withdraw invested funds, each client under the supervision of CySEC can reclaim up to €20,000.
👍 Advantages
- Rights and obligations of both the company and its clients are clearly defined in the user agreement
- The trading account balance cannot go below zero even when using leverage
- The broker cannot use client deposits as they are held in bank accounts rather than within JustMarkets
👎 Disadvantages
- Compensation for losses is available only to traders from the EU
- CySEC prohibits transactions in cryptocurrencies
- Leverage for retail clients from the EU is limited to 1:30
Brokerage fees
Broker’s regulation is the most important choice criterion. However, before you start working with the broker, it is also important to analyze its commissions and fees. TU analysts have studied the commissions and fees charged by JustMarkets, which you can see below.
The broker offers accounts with a commission per lot (3 units of the base currency per side) and spreads starting from 0 pips. These are Raw Spread accounts. Spreads are part of the trading fees. On other types of JustMarkets accounts (Cent, Standard, and Pro), spreads are higher, starting from 0.1 or 0.3 pips, but in this case, there is no commission per lot. JustMarkets does not charge a fee when a client makes a deposit. The company also does not charge a withdrawal fee if the trader has conducted trades before submitting the withdrawal request. If there were no trades on the account, a fee of 3% of the total withdrawal amount is charged. Additionally, payment systems and banks may apply additional fees.
| Account type | Spread (minimum value) | Withdrawal commission |
| Raw Spread | From $0 | Charged by the broker in case of trading inactivity |
| Pro | From $1 | Charged by the broker in case of trading inactivity |
| Standard | From $3 | Charged by the broker in case of trading inactivity |
| Standard Cent | From $0.3 | Charged by the broker in case of trading inactivity |
Brokers that are similar to JustMarkets
Many brokers operate legally, obtaining relevant licenses and permissions. However, when choosing a broker, it is important to compare their trading conditions. TU experts have prepared a comparative analysis of JustMarkets conditions with its closest competitors.
Comparison of JustMarkets with other Brokers
| JustMarkets | RoboForex | Pocket Option | Exness | Vantage Markets | XM Group | |
|---|---|---|---|---|---|---|
Trading platform |
MT4, MobileTrading, MT5 |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
Pocket Option, MT5, MT4 |
Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 |
MT4, MT5, WebTrader, Mobile Apps |
MT4, MT5, MobileTrading, XM App |
Min deposit |
$1 |
$10 |
$5 |
$10 |
$50 |
$5 |
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
Trust management |
Yes |
No |
No |
No |
No |
No |
Accrual of % on the balance |
No |
No |
No |
No |
No |
No |
Spread |
From 0 points |
From 0 points |
From 1.2 point |
From 1 point |
From 0 points |
From 0.6 points |
Level of margin call / stop out |
No |
No |
No |
No |
No |
No |
Execution of orders |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution |
No deposit bonus |
$30 |
No |
No |
No |
No |
No |
Cent accounts |
Yes |
Yes |
No |
No |
No |
Yes |
JustMarkets is a multi-asset broker with reliable regulation, providing services globally through its network of offices.
The minimum deposit in RoboForex is $10. Leverage up to 1:2000. Traders choose RoboForex for reliability, favorable trading conditions, minimum spreads, and commission fees. The company is recommended for beginner traders and experienced investors.
Pocket Option offers a wide range of trading instruments and copy trading services. It constantly improves its service quality and expands the list of assets and trading platforms. The broker is suitable even for novice traders without significant capital due to the low initial deposit. Experienced traders who work with CFDs and binary options can also use Pocket Option’s services.
Exness broker is a trusted broker partner that is compliant with all relevant terms. Exness complies with all payment obligations and pays money earned.
Vantage Markets is a broker that is a real catch for traders who prefer ECN trading.
XM Broker is a broker for professional trading. Trading conditions correspond to the average market; there are technical advantages that distinguish XM Broker from its competitors.
Conclusions
JustMarkets is a quite reliable broker for trading. JustMarkets operates on the license of a reliable jurisdiction and its operation is regularly monitored. However, the company does not offer the best trading conditions compared to competitors. You can choose this broker and not worry about the safety of your funds, but there are better options in terms of trading conditions.
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FAQ
How difficult is it to obtain a brokerage license?
The procedure for obtaining a license differs depending on the jurisdiction, but it is very difficult and expensive to get the document in a reliable jurisdiction. This is why only reliable brokers obtain licenses.
Why is it not recommended to work with offshore brokers?
Offshore brokers have to meet minimum requirements for obtaining a license and reporting, which is why often scammers get such licenses.
Can an offshore broker be reliable?
Yes, although there are not many of such brokers. There are brokers with a good reputation, but with an offshore license. You still need to be very cautious when working with such companies.
How do I check a broker’s reputation?
In order to check a broker’s reputation, you need to read user reviews. However, it is recommended to only use independent websites for that.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.