Is JustMarkets Regulated in Germany? Is it Legit? - TU Expert review
JustMarkets is a regulated Forex broker supervised by financial authorities in. The broker adheres to the standards established by its regulators, ensuring a secure and transparent trading environment. JustMarkets countries of regulation:
| Regulator | Full name | Country |
|---|---|---|
| CySec | Cyprus Securities and Exchange Commission | Cyprus |
| FSCA SA | Financial Sector Conduct Authority of South Africa | South Africa |
| FSC (Mauritius) | Financial Services Commission of Mauritius | Mauritius |
| FSA (Seychelles) | Financial Services Authority of Seychelles | Seychelles |
Is JustMarkets regulated in Germany? 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
Is JustMarkets regulated in Germany? Broker’s license
JustMarkets regulation review
| Regulator | Country | Regulation level | Investor Protection Fund |
|---|---|---|---|
|
CySec
|
Cyprus | Tier-1 | Up to €20,000 |
|
FSCA SA
|
South Africa | Tier-2 | No specific fund |
|
FSC (Mauritius)
|
Mauritius | Tier-3 | No specific fund |
|
FSA (Seychelles)
|
Seychelles | Tier-3 | No specific fund |
Understanding Forex Regulation Levels
When choosing a Forex broker, their regulatory framework plays a pivotal role in ensuring trust and security. Below is an overview of the different regulatory tiers:
-
Tier-1 Regulators:
These authorities are globally recognized for their strict oversight and high compliance standards. They prioritize trader safety, financial transparency, and overall market stability. Notable examples include the FCA in the United Kingdom and ASIC in Australia. -
Tier-2 Regulators:
While not as stringent as Tier-1, these regulators enforce solid compliance protocols that provide traders with a fair degree of security and reliability. -
Tier-3 Regulators:
Often limited to simple registration processes, Tier-3 regulators operate in jurisdictions with minimal oversight. Brokers under Tier-3 regulation face fewer compliance demands, offering traders less protection.
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 for a broker to have the license in Germany?
A financial license is the key document for any broker. It confirms that the company complies with the requirements of the financial regulator and observes the law. It is important for traders to choose a broker registered their jurisdiction for the following reasons:
-
Any claim is filed at the place of the broker’s registration. Accordingly, in case any dispute arises, it will be easier for the trader to file a claim.
-
A license issued in Germany guarantees that the broker operates in compliance with the laws of this country and reports to the local regulatory authorities.
-
Traders can claim compensation under the government programs of deposit guarantees in case the broker experiences financial problems.
It is also possible to choose a broker that is not regulated in Germany. In that case, however, the company must have a license from a reliable regulator, for example of an EU country, the UK, USA, Australia, etc.
Brokers that are similar to JustMarkets
In addition to JustMarkets, also other brokers from this jurisdiction have the license of Germany. JustMarkets has many competitors, and before you start working with this broker, you need to compare it to other companies. TU analysts have prepared a comparison of brokers that operate in the Germany market and have a license of this or another reliable jurisdiction.
Comparison of JustMarkets with other Brokers
| JustMarkets | Bybit | Eightcap | XM Group | NPBFX | Kama Capital | |
|---|---|---|---|---|---|---|
Trading platform |
MT4, MobileTrading, MT5 |
MetaTrader5 |
MT4, MT5, TradingView |
MT4, MT5, MobileTrading, XM App |
MT4 |
MetaTrader5 |
Min deposit |
$1 |
No |
$100 |
$5 |
$10 |
No |
Leverage |
From 1:1 |
From 1:1 |
From 1:30 |
From 1:1 |
From 1:200 |
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 0 points |
From 0.8 points |
From 0.4 points |
From 0 points |
Level of margin call / stop out |
No |
No |
No |
No |
No |
No |
Execution of orders |
Market Execution |
Market Execution |
Market Execution |
Market Execution |
Instant Execution, Market Execution |
Market Execution |
No deposit bonus |
$30 |
No |
No |
No |
No |
No |
Cent accounts |
Yes |
No |
No |
No |
No |
Yes |
Is it safe to trade with JustMarkets in Germany?
JustMarkets is quite popular in Germany. The broker does not have a license of the local financial regulatory authority, but it is regulated in a reliable jurisdiction. Therefore, this company can be trusted. The trading conditions of JustMarkets are rather beneficial compared to competitors. Accordingly, trading with this company is a good decision.
FAQ
How do I check a broker’s license?
Brokers should provide their license on their official website. It is also recommended to check it on the official website of the financial regulatory authority.
Does a broker need to have an official representative office in Germany?
Yes. According to the rules of Germany, brokers must have an office in Germany. This is a mandatory condition for obtaining the license.
Can the license issued by Germany be considered reliable protection against fraud?
Yes. The rules of the financial regulator of Germany are very strict, which makes obtaining a license in this jurisdiction extremely difficult for scammers.
What kind of information should a broker provide for traders?
On their official websites, brokers must provide the name of the managing company, r egistration certificate, legal address and internal regulatory documents.
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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.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.