An accessible emerging-market broker with $10 minimums, raw-spread pricing and cent accounts, but most retail clients are onboarded through its Seychelles entity, which offers no statutory compensation.
JustMarkets (originally JustForex before rebranding) is a Seychelles-headquartered broker that has built a respectable 2 million+ client base across 160+ countries since founding in 2012. The broker holds licences from CySEC (Cyprus), FSA (Seychelles), FSCA (South Africa), and FSC (Mauritius), with most retail clients globally routed through the FSA Seychelles entity. The proposition is straightforward emerging-market broker positioning: low entry barriers ($10 minimum on Standard and Cent accounts), high leverage on offshore entities (up to 1:3000), competitive spreads on Raw Spread accounts (0.0 pips + $3 commission per side), and a four-tier account structure with cent-account access for genuine beginners. Platforms cover MT4, MT5, JustMarkets WebTrader, and a mobile app, plus an integrated copy trading system.
The 2024 UF Awards MEA Best CFD Broker win reflects strong recognition in the Middle East and Africa specifically. Regulatory framing deserves honesty: while four regulators provide meaningful coverage, FSA Seychelles is Tier-3 offshore and most retail clients land there in practice. JustMarkets's strongest fit is for emerging-market traders, beginners wanting cent accounts, and active traders willing to accept offshore regulation in exchange for low-cost ECN-style pricing. UK, EU, US, Canadian, and Australian residents cannot use the broker — geographic restrictions limit the addressable market versus competitors like Exness and FXTM.
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In-depth analysis across regulation, costs, platforms, accounts, funding, and support.
JustMarkets operates under four regulated entities. Just Global Markets Ltd (Seychelles, FSA licence SD088) is the primary entity for most international retail clients — FSA Seychelles is a Tier-3 offshore regulator providing operational legitimacy but no substantial investor compensation scheme. The CySEC-regulated entity provides EU coverage for eligible clients, with ICF investor compensation up to €20,000.
Additional entities include FSCA South Africa for local clients and FSC Mauritius for African coverage. The geographic restriction list is notable: residents of the United States, United Kingdom, Canada, Australia, and the European Union cannot trade with JustMarkets in any meaningful retail capacity. This narrows the regulatory choices available to most prospective clients — you're effectively choosing between FSA Seychelles or one of the secondary entities depending on residence.
Client funds are held in segregated accounts across all entities. Negative balance protection applies to retail clients. JustMarkets has maintained a clean regulatory record since 2012 with no major incidents on file, and the 2024 UF Awards MEA Best CFD Broker recognition reflects strong reputation in MENA markets specifically. For traders for whom regulatory backstop is a meaningful consideration, JustMarkets sits in similar territory to Exness's offshore tier — meaningful as an operating licence, limited as statutory investor protection.
JustMarkets operates under 3 regulatory licences:
JustMarkets has operated since 2012 (14+ years). Editorial assessment: high-confidence on regulatory standing.
JustMarkets operates a four-tier account structure with distinct cost profiles. The Standard Cent account uses cent-sized lots with spreads from 0.3 pips and $10 minimum deposit — designed for beginners learning position sizing without material capital risk. The Standard account uses regular lot sizes with the same 0.3 pip starting spread and $10 minimum. Both are commission-free spread-only accounts.
The Pro account ($100 minimum) tightens spreads to 0.1 pips with no commission, sitting between Standard and Raw Spread in total cost. The Raw Spread account ($200 minimum) is the active-trader option: spreads from 0.0 pips on EUR/USD with $3 commission per side per lot ($6 round-turn) — broadly competitive with leading ECN brokers. JustMarkets charges no deposit, withdrawal, or inactivity fees on its side, which is a meaningful positive versus competitors with dormancy charges. The transparent fee structure is one of the broker's stronger differentiators.
JustMarkets cost structure depends on which account type you choose. The trade-off is generally between spread-only pricing (simpler, slightly higher implicit cost) and raw-spread plus commission (cheaper at higher volumes, requires per-trade math).
Raw spreads from market liquidity providers (typically 0.0-0.3 pips on EUR/USD) plus a per-side commission. Becomes more cost-effective above moderate monthly volume. Specific commission rates published on the broker site.
Spread-only pricing with no commission. EUR/USD spreads typically average 0.8-1.5 pips during liquid sessions. Simpler for casual or lower-volume traders.
Overnight swap rates apply to positions held past daily rollover, based on currency-pair interest rate differentials.
Most reputable brokers don't charge deposit fees, withdrawal fees, or inactivity fees on active accounts. Check the funding terms for your specific entity at JustMarkets.
JustMarkets supports MetaTrader 4 and MetaTrader 5 with full Expert Advisor compatibility across all account types. The MT4 build is required for the Standard Cent account; MT5 is supported on other tiers. Scalping and hedging are explicitly permitted. The JustMarkets WebTrader provides browser-based access without installation, useful for traders on locked-down corporate networks.
The proprietary mobile app is the platform standout — clean, beginner-friendly interface with integrated copy trading, market news, and biometric login. The copy trading platform supports both MT4 and the mobile app, with a strategy provider ranking system and transparent historical performance metrics. No cTrader support, no TradingView integration — gaps versus competitors like Eightcap or RoboForex if those platforms matter. The platform diversity is functional but not exceptional.
JustMarkets supports 3 platforms — choice affects available order types and execution model.
The industry standard for forex retail. Full EA support, custom indicators, automated trading. Mature ecosystem of community-built tools.
Newer MetaQuotes platform with additional asset classes, more timeframes, and improved backtesting. Recommended for newer accounts unless you have legacy MT4 EAs.
JustMarkets offers 5 live account types, all with a $1 minimum where applicable:
Demo accounts are available free of charge, typically with virtual balance and the option to reset on request. Useful for testing strategies before committing capital.
E-wallet deposits are typically instant; card payments take 1-2 hours; bank wires 1-3 business days.
Withdrawals are typically processed within 1 business day. Arrival times depend on method: e-wallets same day, cards 3-5 days, wire 1-3 days.
The same-method rule typically applies — withdrawals must go to the same source as deposits where possible. This is standard AML compliance, not broker-specific.
JustMarkets support coverage is more limited than tier-1 alternatives. Email is the primary channel, with live chat available during peak hours.
Response times can be variable. For account-critical issues, traders may need to escalate through multiple channels.
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