JustMarkets Review – Is It Safe or a Scam?

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The online forex trading industry is filled with hundreds of brokers, making it essential for traders to separate reliable companies from potential scams. JustMarkets (formerly known as JustForex) is a well-known name among traders worldwide, offering forex, commodities, indices, and cryptocurrency trading. But the big question remains: Is JustMarkets safe or a scam?

In this in-depth review, we will examine JustMarkets’ regulation, trading conditions, account types, fees, and user feedback to help you decide if this broker is trustworthy.

1. Company Overview

JustMarkets is a global forex and CFD broker founded in 2012. The company operates under the brand of Just Global Markets Ltd, offering services to traders across Asia, Africa, and other international regions.

  • Founded: 2012

  • Headquarters: Seychelles

  • Regulated by: Financial Services Authority (FSA) of Seychelles – License No. SD088

  • Website: www.justmarkets.com

While Seychelles regulation is considered offshore and not as strict as FCA (UK) or ASIC (Australia), it still requires brokers to meet certain operational standards.

2. Is JustMarkets Safe?

Safety in forex trading depends on several factors:

  • Regulation: JustMarkets is regulated by the FSA of Seychelles. Although it’s not a top-tier regulator, it is a legitimate authority that requires financial reporting and operational compliance.

  • Segregated Funds: Client funds are kept separate from company funds, reducing the risk of misuse.

  • SSL Security: The website uses encryption to protect personal and financial information.

📌 Verdict on Safety: While JustMarkets is regulated, traders should note that offshore regulation offers less investor protection than tier-1 regulators. This does not automatically mean the broker is unsafe, but caution is advised for large deposits.

3. Trading Platforms

JustMarkets offers industry-standard platforms:

  • MetaTrader 4 (MT4) – Known for stability and user-friendliness.

  • MetaTrader 5 (MT5) – Advanced platform with more order types and analytical tools.

  • Mobile Trading Apps – For Android and iOS.

4. Account Types

JustMarkets provides multiple account options to suit different trading styles:

  1. Standard Cent – Ideal for beginners with smaller deposits.

  2. Standard – Suitable for regular traders.

  3. Pro – Lower spreads, higher leverage.

  4. Raw Spread – Tight spreads starting from 0.0 pips, commission-based.

Leverage: Up to 1:3000 (varies by account type and region).
Minimum Deposit: As low as $1 for certain accounts.

5. Spreads and Fees

  • Standard Account: From 0.3 pips, no commission.

  • Pro Account: From 0.1 pips, no commission.

  • Raw Spread Account: From 0.0 pips, $3–$5 commission per lot.

Spreads are competitive compared to many global brokers, especially for Pro and Raw accounts.

6. Deposit and Withdrawal Methods

JustMarkets supports multiple payment methods, including:

  • Bank Transfer

  • Credit/Debit Cards

  • E-wallets (Skrill, Neteller, etc.)

  • Cryptocurrency (BTC, ETH, USDT)

Processing Time: Instant for deposits, withdrawals processed within 1–3 business days.
Fees: No deposit fees; withdrawal fees depend on payment method.

7. Pros and Cons

Pros ✅

  • Multiple account types for different traders

  • High leverage (up to 1:3000)

  • Competitive spreads

  • Supports crypto deposits and withdrawals

  • MT4 & MT5 platforms

Cons ❌

  • Offshore regulation (less investor protection)

  • No negative balance protection in some regions

  • Limited educational resources

8. Final Verdict – Is JustMarkets a Scam or Legit?

Based on our review, JustMarkets is a legitimate broker regulated by the FSA of Seychelles. It offers competitive trading conditions, a variety of accounts, and popular trading platforms. However, as it is regulated offshore, it’s important to trade responsibly and avoid depositing more than you can afford to lose.

📌 Our Recommendation: Suitable for experienced traders comfortable with offshore-regulated brokers. Beginners should start with a small deposit to test the platform and withdrawal process.

FAQs

1. Is JustMarkets regulated?
Yes, by the Financial Services Authority (FSA) of Seychelles.

2. What is the minimum deposit?
Starts from $1 for some accounts.

3. Can I withdraw my profits easily?
Yes, withdrawals are processed within 1–3 days, depending on the method.

4. Is JustMarkets good for beginners?
Yes, especially with its Standard Cent account, but caution is needed due to offshore regulation.

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