JustMarkets has earned a 4.4 rating on Trustpilot from more than 3,000 users, but does it deserve a place in your trading plan? This JustMarkets review examines whether the broker lives up to its reputation. It offers regulation from CySEC, FSA, FSCA and FSC, over 170 trading instruments, leverage up to 1:3000 and a minimum deposit of $1 on some offers. Below, we break down the features, fees and safeguards so you can judge whether it fits your needs.
What Is JustMarkets and Who Is It For?
JustMarkets is a multi-entity forex and CFD broker. It began as JustForex in Belize and later rebranded to JustMarkets when it launched its CySEC-licensed entity. Its account structure covers several experience levels, so the right choice depends on how you trade.
Company Background
JustForex launched operations from Belize and began with forex trading. Over time it expanded into commodities, indices, shares and cryptocurrencies. The rebrand to JustMarkets coincided with an expanded European presence under MiFID II passporting rules.
The broker says it serves more than two million registered clients in over 160 countries and reports a strong presence in the APAC, MENA and LATAM regions. It also states that it has received awards, including Best IB/affiliate program and Best CFD broker. These are the broker’s own claims, so verify them against independent sources if they influence your decision.
JustMarkets operates through several regulated entities. Just Global Markets Ltd holds a Securities Dealer License from the Seychelles Financial Services Authority. JustMarkets Ltd operates under CySEC license number 401/21 in Cyprus. Further licenses are held through Just Global Markets (MU) Limited in Mauritius and Just Global Markets (VG) Limited in the British Virgin Islands.
Target Audience
JustMarkets targets three groups: beginners who want a low entry point, intermediate traders who need stable spreads, and professionals who want raw spread access. The account range reflects those different needs.
Beginners benefit from the low minimum deposit and educational resources. The MetaTrader 4 and MetaTrader 5 platforms give new traders a familiar starting point. Intermediate traders can choose flexible accounts with competitive spreads, while professionals will value the raw spread option and the analytical depth of MT5.
Countries Served
JustMarkets reports a presence in more than 160 countries, with its strongest footholds in Asia-Pacific, the Middle East and North Africa, and Latin America. Its clients include traders in markets such as Germany, Spain, Italy, Poland, Brazil, South Africa, Nigeria, Malaysia, Indonesia and the Philippines.
Some jurisdictions are excluded. JustMarkets does not onboard clients from Canada, the United Kingdom, the United States, Australia, Japan, India or internationally sanctioned countries. Availability also differs by entity, so check your eligibility before you register. The CySEC entity serves European Economic Area countries under passporting rights, while the FSA entity focuses on Asian and African markets.
Is JustMarkets Regulated and Safe?
Regulation is the foundation of broker trust. JustMarkets operates under several jurisdictions, and the protection you receive depends on the entity that manages your account. That matters more than the headline list of licenses.
CySEC Regulation
The Cyprus Securities and Exchange Commission (CySEC) provides the broker’s strictest oversight through JustMarkets Ltd, license number 401/21. CySEC is a Tier-1 regulator within the European Union and enforces standards aligned with MiFID financial harmonization rules. You can review the regulator’s official site at https://www.cysec.gov.cy/.
CySEC rules require client funds to be held in segregated accounts with central banks, credit institutions or qualifying money market funds. CySEC-regulated entities must also maintain substantial capital, including at least €200,000 in share capital and €750,000 in operating capital. The license gives access to an investor protection fund that offers compensation of up to €20,000 per client if the broker becomes insolvent.
FSA, FSCA and Mauritius Licenses
Just Global Markets Ltd operates under FSA license SD088 from the Financial Services Authority of Seychelles, which our review classifies as Tier-3. The FSA requires client fund segregation and adherence to international AML and KYC standards, but it does not offer the compensation schemes linked to Tier-1 bodies.
The South African entity, Just Global Markets (PTY) Ltd, holds FSP license 51114 from the Financial Sector Conduct Authority (FSCA), which is classified as Tier-2. That provides decent oversight, though it is less strict than CySEC. JustMarkets is also authorized by the Financial Services Commission of Mauritius under license GB22200881, a Tier-3 body.
Client Fund Protection and Security
JustMarkets states that all client deposits are held in segregated bank accounts, separate from company operating funds. In theory, this should keep your money protected even if the broker runs into financial difficulty. Data transfers use SSL encryption, and the broker reports a multilevel server system with data backup to prevent loss of personal information and transaction histories.
Payment security is also a focus. The card payment system JustMarkets works with holds PCI DSS certification. All withdrawals require one-time password verification, and the Finance Department reviews each withdrawal before it is processed.
Negative Balance Protection
Negative balance protection matters most when you use high leverage. JustMarkets says it adjusts an account balance to zero when volatility, such as a sharp move during a major economic announcement, pushes the balance below zero. In practice, you should not owe the broker money beyond what you deposited. The protection applies across all JustMarkets entities, but abuse may lead to restrictions or termination of the service agreement, so read the terms before you trade.
JustMarkets Account Types and Requirements
Your account type shapes your trading costs and execution quality. JustMarkets offers four primary live accounts, plus Islamic swap-free options across each one.
Standard and Pro Accounts
The Standard Account is the entry-level option. It uses a spread-only model with no commission, and spreads start from 0.3 pips on major pairs. It suits traders on daily charts and non-aggressive intraday strategies. Forex pairs, metals and commodities are available, and Stop Loss and Take Profit orders can be set during or after order placement.
The Pro Account offers spreads from 0.1 pips with a commission-free structure. It gives access to over 50 currency pairs, along with metals and commodities. There are no restrictions on order numbers or volume, which suits scalpers and algorithmic traders who open many positions each day.
Raw Spread Account
The Raw Spread Account is built for institutional-style pricing. Spreads float from 0.0 pips, and JustMarkets charges a fixed commission of 3 units of the base currency per lot per side. On EUR/USD, that means $3 per standard lot on entry and another $3 on exit.
This account suits scalpers and high-frequency traders who prioritize execution speed. It permits any holding period, has no minimum hold requirement and supports news trading. Traders who place more than 50 lots a month on commodities or indices may pay less overall than they would on spread-only accounts. If you scalp, our guide to 10 Best Scalping Trading Strategies for Forex Day Traders explains how tight spreads fit into a short-term plan.
Standard Cent Account
The Standard Cent Account shows your balance in cents rather than dollars. A $10 deposit appears as 1,000 cents in your terminal, which reduces position sizing by a factor of 100. It is a useful way to gain live market experience with little capital, and it works well for testing money management systems and risk controls. Once your results are consistent, moving to a Standard, Pro or Raw Spread account is a natural step. If you are new to position sizing, our guide to forex risk management covers the basics.
Islamic Swap-Free Accounts and Minimum Deposits
JustMarkets offers Sharia-compliant swap-free options across all four primary account types. These remove overnight interest charges, so results reflect only exchange rate movements. Conversion is not automatic. You must submit a support request through your client area and declare that you intend to trade interest-free. Standard and Extended swap-free levels are available, and the Extended level exempts most instruments from overnight charges.
Standard and Standard Cent accounts require just $10 to activate. Pro and Raw Spread accounts require $200, reflecting their advanced conditions and target audience of experienced traders.
JustMarkets Trading Fees and Spreads
Cost transparency separates reputable brokers from those with hidden charges. JustMarkets publishes its fee structure, so you can estimate trading costs before you open a position.
Spreads on Major Forex Pairs
Spreads vary by account type and directly affect your cost per trade. The table below summarizes the figures the broker quotes.
| Account | Starting spread | EUR/USD (average) | GBP/USD (average) | USD/JPY (average) |
|---|---|---|---|---|
| Standard | From 0.3 pips | 1.0 pip | 1.2 pips | 1.4 pips |
| Pro | From 0.1 pips | 0.7 pips | 0.9 pips | 0.8 pips |
| Raw Spread | From 0.0 pips | 0.1 pips | 0.2 pips | 0.1 pips |
The Pro Account’s EUR/USD average of 0.7 pips is about 30% lower than the Standard Account’s 1.0 pip. Spreads widen during low-liquidity periods, rollover times and high-volatility events. The London and New York session overlap generally offers the tightest spreads across all accounts.
Commissions and Swap Fees
Raw Spread accounts charge $3.00 per lot per side, or $6.00 round-turn per standard lot before spread costs. Micro lots of 1,000 base currency units pay $0.03 per side. Standard, Pro and Standard Cent accounts have no commission, and all costs are built into the spread.
Overnight financing applies to positions held past 22:00 GMT+3. Swap rates reflect the interest rate difference between currencies. For example, EUR/USD long positions carry a swap of -13.32 points per standard lot each night, while short positions carry -3.72 points. Wednesday rollovers are charged at three times the normal rate to cover weekend funding. Swap-free accounts remove these charges entirely.
Inactivity Fee
Accounts with no open positions or non-trading transactions for 150 consecutive days face a $5.00 fee every 30 days. The fee applies only to accounts with a positive balance and stops once trading or deposit activity resumes.
Deposit and Withdrawal Fees
JustMarkets charges no deposit or withdrawal fees from its side and processes transactions within one minute on its end. Third-party providers may charge their own fees, so check these before you choose a method:
- Card withdrawals: can cost 1-4% through processors
- Bank wire transfers: $20 to $50 per transaction
- Electronic payment services: 0.5-4%, often with currency conversion costs
Processing times also depend on the method. Bank cards clear in 1-3 business days, PayPal in 1-2 business days and Skrill within one business day.
Trading Platforms and Tools
Platform quality shapes execution, analysis and daily workflow. JustMarkets offers the industry-standard MetaTrader platforms, a proprietary mobile app and a copy trading system.
MetaTrader 4 and MetaTrader 5
MetaTrader 4 suits traders who value stability and simplicity. It offers over 30 built-in technical indicators and access to more than 100 currency pairs, along with CFDs on metals, commodities, stocks and indices. Expert Advisors can automate strategies around the clock, and the platform uses 128-bit encryption for data exchange between terminal and server.
MetaTrader 5 adds more analytical depth, with 80 technical indicators and 21 timeframes compared with MT4’s 9. It supports algorithmic trading through MQL5, includes an economic calendar and a news feed, and offers market, pending, stop and trailing stop orders. Its multi-threaded backtesting is faster than MT4’s, which helps when optimizing strategies.
Mobile Apps and Copy Trading
JustMarkets provides MT4 and MT5 apps for Android and iOS, with full trading functions on phones and tablets. Its proprietary app offers access to over 1,000 indicators and lets you manage orders, make deposits and withdrawals, and contact multilingual support.
The copy trading system connects investors with strategy providers. You fund an Investor Wallet, select highly rated traders, and their positions mirror into your account in real time. A performance dashboard shows rankings, returns and follower statistics, while a risk meter displays volatility and drawdown. An auto allocation feature adjusts lot sizes to your balance.
Customer Support and User Experience
Support Channels and Availability
JustMarkets offers 24/7 support in seven languages: English, Indonesian, Malaysian, Spanish, Portuguese, Vietnamese and Arabic. You can reach the team by live chat, email, phone, Telegram and WhatsApp. Phone support is available on +248 4632027 and +230 52970330.
During testing, live chat queues averaged under one minute, and email replies arrived within six hours. Multilingual support is especially useful for traders in Asia and the Middle East.
User Reviews on Trustpilot
JustMarkets has a 4.4 rating on Trustpilot based on more than 3,000 reviews. About 79% of reviewers give five stars, with praise for competitive spreads, competent support and smooth fund transactions. Negative reviews exist but appear limited. Common complaints involve verification delays and occasional withdrawal concerns.
Educational Resources
JustMarkets provides free educational material in three sections: Forex Articles, a Forex Glossary and Educational Videos. The articles cover topics from market hours to technical indicators and trading psychology, while the videos explain trading signals, MetaTrader features and installation steps.
Key Takeaways
- Regulation varies by entity: CySEC (Tier-1), FSA and FSCA licenses apply, and your protection depends on the entity that holds your account.
- Low entry barrier: A $10 minimum deposit applies to Standard and Standard Cent accounts, while Raw Spread accounts start from 0.0 pips.
- Strong reviews: A 4.4 Trustpilot rating from over 3,000 reviews, with 24/7 multilingual support.
- Low deposit and withdrawal costs: JustMarkets charges no fees of its own, but third-party providers may charge 1-4%.
- Wide toolset: MT4, MT5, a proprietary app and copy trading give you flexibility across trading styles.
Conclusion
JustMarkets offers solid value for traders who want a low entry point and regulatory oversight. The $10 minimum deposit makes forex trading accessible to budget-conscious beginners, while the Raw Spread account gives experienced traders institutional-style pricing. Protection depends on which entity manages your account, so confirm that before you deposit. For a wider comparison, see our forex broker reviews.
The 4.4 Trustpilot rating reflects real satisfaction, particularly with support and withdrawal processing. Standard account spreads are higher than some competitors, so active traders should consider the Pro or Raw Spread accounts. JustMarkets suits beginners testing strategies and intermediate traders who want regulated, low-barrier access to multiple markets.
FAQ
What is the minimum deposit required to start trading with JustMarkets?
The minimum deposit is $10 for Standard and Standard Cent accounts. Pro and Raw Spread accounts require $200.
Is JustMarkets a regulated and safe broker?
JustMarkets operates under several licenses, including CySEC (license 401/21), FSA and FSCA. Client funds are held in segregated accounts, and negative balance protection applies across entities. CySEC-regulated accounts also have investor compensation of up to €20,000.
What are the typical spreads and commissions at JustMarkets?
Standard accounts start from 0.3 pips with no commission. Pro accounts start from 0.1 pips, also commission-free. Raw Spread accounts start from 0.0 pips with a $3 commission per lot per side.
Does JustMarkets charge fees for deposits and withdrawals?
JustMarkets charges no deposit or withdrawal fees from its side and processes transactions within one minute. Third-party providers may charge 1-4% for card transactions and $20-$50 for bank wires.
What trading platforms does JustMarkets offer?
JustMarkets offers MetaTrader 4 and MetaTrader 5, with over 30 and 80 technical indicators respectively. Both support Expert Advisors. The proprietary app and copy trading system are also available.