7 minute read
Is JustMarkets Legit Broker? A Straightforward Look at the Facts
from JustMarkets
by Exness_India
If you’re wondering, “Is JustMarkets a legit broker?” the short answer is yes, JustMarkets is a legitimate forex and CFD broker, but there are nuances you need to understand before diving in. Established in 2012, JustMarkets has built a solid reputation with traders in over 160 countries, offering competitive spreads, user-friendly platforms, and a range of account types. However, like any broker, it’s not without its quirks. In this article, we’ll break down everything you need to know about JustMarkets—its regulation, trading conditions, pros, cons, and real user experiences—to help you decide if it’s the right fit for your trading journey.
✅ Trade with JustMarkets now: Open An Account or Visit Brokers 👈
Why Trust Matters in Choosing a Broker
Let’s face it: the forex world is a jungle. With countless brokers vying for your attention, picking one you can trust is critical. A legit broker should have proper regulation, transparent operations, and a track record of treating clients fairly. JustMarkets ticks several of these boxes, but let’s dig deeper to see how it holds up.
Is JustMarkets Regulated?
Regulation is the backbone of a broker’s legitimacy, and JustMarkets doesn’t skimp here. The broker operates under multiple regulatory bodies, which is a strong sign of credibility:
CySEC (Cyprus): JustMarkets is regulated by the Cyprus Securities and Exchange Commission (license 401/21), a Tier-1 regulator known for strict standards. This ensures client fund segregation and negative balance protection, particularly for EU clients.
FSCA (South Africa): The Financial Sector Conduct Authority (license 51114) adds another layer of oversight, especially for African traders.
FSA (Seychelles): The Financial Services Authority (license SD088) regulates JustMarkets’ international operations. While not as stringent as CySEC, it still enforces basic compliance and fund segregation.
FSC (Mauritius): Another offshore regulator (license GB22200881), this provides additional oversight for global clients.
However, not all regulations are created equal. CySEC offers robust protection, but the FSA and FSC are considered mid-to-low-tier regulators, meaning they may not provide the same level of investor safeguards as top-tier bodies like the UK’s FCA or Australia’s ASIC. If you’re outside the EU, you’ll likely fall under the Seychelles or Mauritius entities, so weigh this carefully if you prioritize ironclad regulation.
Trading Platforms: MT4 and MT5 Done Right
JustMarkets sticks to the industry gold standards: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are loved for their reliability, advanced charting, and support for automated trading via Expert Advisors. Whether you’re a scalper, day trader, or long-term investor, MT4 and MT5 cater to all styles with:
Customizable charts and technical indicators for in-depth analysis.
Fast execution to minimize slippage, crucial during volatile markets.
Mobile and web versions for trading on the go.
The broker also offers a proprietary mobile app, which users praise for its user-friendly interface and seamless copy-trading features. However, some traders note occasional freezes during high-volatility periods, so keep an eye on performance during major news events.
Account Types and Fees: Affordable and Flexible
JustMarkets makes trading accessible with a low entry point and competitive fees. Here’s a quick rundown of their account types:
Standard Cent: Perfect for beginners, with a $10 minimum deposit and micro-lot trading (1,000 units). Spreads start at 0.3 pips.
Standard: Also $10 minimum, with standard lot sizes (100,000 units) and spreads from 0.3 pips. Available on both MT4 and MT5.
Pro: A $100 minimum deposit, tighter spreads from 0.1 pips, and suitable for experienced traders.
Raw Spread: For pros, with a $100 minimum, spreads from 0.0 pips, and a $3 commission per side—great for scalpers.
What stands out? No deposit fees, reasonable withdrawal fees (depending on the method), and no inactivity fees, which is a rarity these days. Spreads are competitive, especially on major pairs like EUR/USD, averaging 0.1 pips on Raw Spread accounts. However, spreads can widen during volatile periods, so always check real-time conditions.
✅ Trade with JustMarkets now: Open An Account or Visit Brokers 👈
Deposits and Withdrawals: Fast but Not Flawless
JustMarkets supports a wide range of payment methods, including bank cards, Skrill, Neteller, crypto (Bitcoin, Ethereum, etc.), and local bank transfers. Deposits are typically instant, and withdrawals are processed within hours, though some users report delays of up to 4-5 days, especially with crypto transactions.
A few red flags: some traders on platforms like Trustpilot and Forex Peace Army have complained about uncredited deposits or slow refunds, with customer support occasionally offering automated responses. While these issues seem resolved after escalation, they’re worth noting if you value lightning-fast processing.
Educational Resources: A Big Win for Beginners
If you’re new to trading, JustMarkets has your back. They offer:
Over 300 articles covering forex basics, chart patterns, and trading psychology.
Video tutorials for MT4/MT5 navigation.
Webinars and daily market breakdowns to keep you informed.
These resources are free and cater to both beginners and pros. However, the lack of third-party tools like Trading Central or Autochartist might disappoint advanced traders looking for diverse perspectives.
Customer Support: Responsive but Room for Improvement
JustMarkets offers 24/7 support via live chat, email, phone, Telegram, and WhatsApp. Most users praise the team’s responsiveness and friendliness, with issues like payment delays often resolved after follow-ups. That said, some traders have reported generic replies or slow resolutions for complex issues, so patience may be required.
Pros and Cons of JustMarkets
Let’s break it down simply:
Pros:
Regulated by CySEC, FSCA, FSA, and FSC, ensuring a baseline of trust.
Low minimum deposit ($10 for Cent and Standard accounts).
Tight spreads (from 0.0 pips on Raw Spread accounts) and no inactivity fees.
Robust educational resources for beginners.
Supports MT4, MT5, and a user-friendly mobile app.
Wide range of payment methods, including crypto.
Cons:
Offshore regulation (FSA, FSC) may not satisfy traders seeking top-tier oversight.
Occasional delays in withdrawals and deposits, especially with crypto.
Limited copy-trading features compared to competitors.
No futures or ETF trading, which may limit diversification.
Some reports of platform freezes during volatile markets.
User Reviews: What Traders Are Saying
JustMarkets has a mixed but generally positive reputation. On Trustpilot, it holds a 4-star rating from over 3,500 reviews, with users praising fast withdrawals, low spreads, and responsive support. However, negative reviews highlight issues like delayed deposits, leverage restrictions during news events, and accusations of profit cancellations due to “fraudulent trading” claims.
For example, one trader reported a $3,440 profit being canceled, with JustMarkets citing a violation of their Client Agreement. While the broker responded, claiming the trader used prohibited strategies, such incidents raise eyebrows. On the flip side, many users on Myfxbook and Forex Peace Army commend JustMarkets for its low costs and ease of use, especially for beginners.
Is JustMarkets Safe for You?
JustMarkets is a legit broker, particularly for traders comfortable with mid-tier regulation and those prioritizing low costs and beginner-friendly tools. Its CySEC license is a strong point for EU traders, and the $10 minimum deposit makes it accessible for newbies. However, if you’re in a region with weaker regulatory oversight or plan to trade large volumes, you might want to explore brokers with top-tier licenses like FCA or ASIC for extra peace of mind.
Tips for Trading with JustMarkets
Start with a Demo Account: Test strategies risk-free to get a feel for the platform.
Verify Payment Methods: Confirm processing times for your preferred deposit/withdrawal method.
Check Spreads Regularly: Spreads can widen during volatility, so monitor them during major news events.
Leverage Wisely: With up to 1:3000 leverage for international clients, risk management is crucial.
Contact Support Early: If you face issues, reach out via live chat or Telegram for faster resolution.
Final Verdict: Should You Trade with JustMarkets?
JustMarkets is a solid choice for beginners and cost-conscious traders, offering tight spreads, low deposits, and a wealth of educational resources. Its regulation, especially under CySEC, adds credibility, but offshore entities and occasional user complaints about delays or platform issues mean it’s not perfect. If you’re looking for a broker with a low entry barrier and reliable platforms like MT4/MT5, JustMarkets is worth considering. Just do your homework, start small, and keep an eye on withdrawal times.
✅ Trade with JustMarkets now: Open An Account or Visit Brokers 👈
