7 minute read
Is JustMarkets Regulated in Philippines? Let’s Get Straight
from JustMarkets
by Exness_India
If you’re a trader in the Philippines wondering, “Is JustMarkets regulated in the Philippines?” the short answer is no, JustMarkets is not directly regulated by a Philippine financial authority. But don’t click away just yet! There’s more to the story, and understanding the regulatory landscape can help you decide if JustMarkets is a safe and reliable broker for your trading journey. In this article, I’ll break down JustMarkets’ global regulations, what it means for Filipino traders, and how you can trade confidently. Let’s dive in!
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Who Is JustMarkets, Anyway?
Before we get into the nitty-gritty of regulation, let’s quickly cover who JustMarkets is. Founded in 2012, JustMarkets (formerly JustForex) is a global forex and CFD broker offering a wide range of trading instruments, including forex pairs, commodities, indices, shares, and cryptocurrencies. With competitive spreads, leverage up to 1:3000, and user-friendly platforms like MetaTrader 4 and MetaTrader 5, it’s no surprise that JustMarkets has gained popularity in the Asia-Pacific region, including the Philippines. But popularity doesn’t equal safety, so let’s talk about regulation.
JustMarkets’ Global Regulatory Framework
JustMarkets operates under multiple regulatory licenses across different jurisdictions, which is a good sign for transparency and accountability. Here’s a quick rundown of their regulatory status:
Seychelles Financial Services Authority (FSA): Just Global Markets Ltd. holds a Securities Dealer License (SD088) in Seychelles. The FSA is known for its flexible regulations, but it’s considered a Tier-3 regulator, meaning it’s less stringent than top-tier authorities like the UK’s FCA or Australia’s ASIC.
Cyprus Securities and Exchange Commission (CySEC): JustMarkets Ltd. is regulated in Cyprus under license number 401/21. CySEC is a Tier-1 regulator, offering robust oversight and investor protections, especially for European clients.
Financial Sector Conduct Authority (FSCA): Just Global Markets (PTY) Ltd. is authorized in South Africa as a Financial Service Provider (FSP number 51114). The FSCA provides solid regulatory oversight in Africa.
Financial Services Commission (FSC) in Mauritius: Just Global Markets (MU) Limited operates under license number GB22200881 as an Investment Dealer. Mauritius’ FSC is another offshore regulator, similar to Seychelles’ FSA.
These licenses show that JustMarkets is committed to complying with international financial standards. But here’s the catch: none of these regulators are based in the Philippines. So, what does this mean for Filipino traders?
Regulation in the Philippines: What You Need to Know
In the Philippines, the Securities and Exchange Commission (SEC) is the primary regulatory body overseeing financial markets, including forex and CFD brokers. The SEC ensures that brokers operating in the country adhere to strict guidelines to protect investors and maintain market integrity. Additionally, the Bangko Sentral ng Pilipinas (BSP) regulates financial institutions and oversees foreign exchange transactions.
As of 2025, JustMarkets does not hold a license from the Philippine SEC or BSP. This means it is not directly regulated in the Philippines and is considered an offshore broker for Filipino traders. But don’t panic—this doesn’t automatically make JustMarkets unsafe. Many reputable brokers operate globally without local regulation in every country they serve, especially in regions like the Philippines, where forex trading is still gaining traction.
Is It Safe to Trade with JustMarkets in the Philippines?
The lack of local regulation might raise red flags, but JustMarkets has several safety mechanisms in place that can give Filipino traders peace of mind:
Segregated Client Funds: JustMarkets keeps client funds in separate bank accounts from the company’s operational funds. This ensures that your money is protected, even if the broker faces financial difficulties.
Negative Balance Protection: This feature caps your losses at the amount in your trading account, so you’ll never owe more than you’ve deposited—a big plus for risk-conscious traders.
SSL Encryption: JustMarkets uses advanced encryption to protect your personal and financial data, reducing the risk of cyber threats.
Global Oversight: While not regulated in the Philippines, JustMarkets’ licenses from CySEC, FSA, FSCA, and FSC mean it’s subject to international compliance standards, including anti-money laundering (AML) and know-your-customer (KYC) protocols.
That said, trading with an offshore broker like JustMarkets comes with some risks. Since it’s not regulated by the Philippine SEC, you may have limited legal recourse in case of disputes. Additionally, navigating cross-border regulations can complicate things like tax compliance or fund withdrawals. So, how can you decide if JustMarkets is right for you?
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Why Filipino Traders Choose JustMarkets
Despite the lack of local regulation, JustMarkets is popular among Filipino traders for several reasons:
Low Minimum Deposit: You can start trading with as little as $1 for Standard and Standard Cent accounts, making it accessible for beginners.
Competitive Spreads: JustMarkets offers spreads starting at 0.0 pips on Raw Spread accounts, which can keep trading costs low.
High Leverage: With leverage up to 1:3000, Filipino traders can amplify their positions (though this comes with higher risk).
User-Friendly Platforms: MetaTrader 4 and 5 are available on desktop, web, and mobile, offering advanced charting tools and automated trading options.
Swap-Free Accounts: For Muslim traders in the Philippines, JustMarkets offers Islamic accounts that comply with Sharia law.
24/7 Customer Support: JustMarkets provides multilingual support, which is a big plus for Filipino traders who prefer assistance in English or Tagalog.
These features make JustMarkets an attractive option, especially for beginners and those looking for cost-effective trading conditions. But before you jump in, let’s weigh the pros and cons.
Pros and Cons of Trading with JustMarkets in the Philippines
Pros
Regulated by multiple international authorities (CySEC, FSA, FSCA, FSC).
Offers segregated accounts and negative balance protection.
Low minimum deposits and competitive spreads.
Supports a wide range of trading instruments, including forex, stocks, and crypto.
User-friendly platforms (MT4 and MT5) with mobile access.
Swap-free accounts for Islamic traders.
Cons
Not regulated by the Philippine SEC or BSP.
Limited legal recourse for Filipino traders in case of disputes.
Offshore regulation (e.g., Seychelles, Mauritius) is less stringent than Tier-1 regulators.
Limited educational resources compared to some competitors.
Alternatives for Filipino Traders
If you’re hesitant about trading with an offshore broker like JustMarkets, you might want to consider locally regulated alternatives or brokers with stronger Tier-1 regulation. Here are a few options:
XM: Regulated by ASIC (Australia) and CySEC, XM is popular in the Philippines for its low spreads, educational resources, and reliable customer support.
Pepperstone: A Tier-1 regulated broker (ASIC, FCA) known for fast execution and competitive trading conditions.
Local Brokers: Some Philippine-based brokers, like COL Financial or BPI Trade, are regulated by the SEC and offer access to forex trading through authorized platforms like the Philippine Stock Exchange (PSE).
These brokers may offer more local oversight but could come with higher fees or fewer trading instruments compared to JustMarkets.
Tips for Safe Trading with JustMarkets in the Philippines
If you decide to trade with JustMarkets, here are some practical tips to protect yourself:
Do Your Due Diligence: Research JustMarkets’ regulatory licenses and read user reviews on platforms like Trustpilot to gauge reliability.
Start Small: Begin with a low deposit and test the platform with a demo account before committing significant funds.
Understand the Risks: High leverage and CFD trading carry significant risks. Only trade what you can afford to lose.
Monitor Withdrawals: Ensure smooth deposit and withdrawal processes. Contact customer support immediately if you encounter delays.
Stay Informed: Keep up with Philippine SEC guidelines and forex trading regulations to avoid compliance issues.
Use Risk Management Tools: Take advantage of JustMarkets’ stop-loss orders and negative balance protection to manage your risk.
Final Thoughts: Is JustMarkets a Good Choice for Filipino Traders?
So, is JustMarkets regulated in the Philippines? No, it isn’t—but that doesn’t mean it’s a risky choice. With licenses from CySEC, FSA, FSCA, and FSC, JustMarkets operates under international standards and offers robust safety features like segregated accounts and negative balance protection. For Filipino traders, it’s a popular option due to its low costs, high leverage, and user-friendly platforms. However, the lack of local regulation means you’ll need to exercise caution and do your research.
If you’re comfortable with offshore brokers and prioritize low fees and flexibility, JustMarkets could be a great fit. But if local oversight is a must, consider exploring SEC-regulated or Tier-1 regulated brokers. Ultimately, the best broker for you depends on your trading goals, risk tolerance, and need for regulatory protection.
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