8 minute read
Is JustMarkets a Trusted Broker? A Straightforward Review
from JustMarkets
by Exness_India
If you’re wondering, “Is JustMarkets a trusted broker?” you’re not alone. Choosing a forex and CFD broker is a big deal—you’re entrusting your hard-earned money to a platform, and you need to know it’s legit. The short answer? Yes, JustMarkets is generally considered a trusted broker, thanks to its solid regulatory framework, transparent practices, and strong user feedback. But, like anything in trading, there’s more to the story. In this review, I’ll break down JustMarkets’ features, pros, cons, and what real traders are saying in 2025, all in a to help you decide if it’s the right fit for you.
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What Is JustMarkets, Anyway?
JustMarkets, founded in 2012, is a globally recognized forex and CFD broker based in Seychelles. It serves traders in over 180 countries, offering access to more than 250 instruments, including forex, commodities, indices, stocks, and cryptocurrencies. The broker operates on popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), known for their user-friendly interfaces and robust trading tools. Whether you’re a newbie dipping your toes into trading or a seasoned pro chasing tight spreads, JustMarkets aims to cater to all.
But trust isn’t built on promises alone. Let’s dive into the key factors that determine whether JustMarkets is a broker you can rely on.
Is JustMarkets Regulated? The Trust Factor
Regulation is the backbone of a broker’s credibility. JustMarkets ticks this box with licenses from multiple reputable authorities:
CySEC (Cyprus Securities and Exchange Commission, License No. 401/21): This is a big deal for European clients, as CySEC enforces strict financial regulations, ensuring client funds are protected.
FSA (Seychelles, License No. SD088): For global operations, this license provides oversight, though it’s less stringent than CySEC.
FSC (Mauritius, License No. GB22200881): Adds another layer of regulatory compliance.
FSCA (South Africa): Ensures adherence to financial standards in the region.
These licenses mean JustMarkets operates under legal frameworks designed to protect traders. For instance, CySEC-regulated entities segregate client funds, keeping your money separate from the broker’s operational funds. Plus, European clients are covered by the Investor Compensation Fund (ICF) up to €20,000 if the broker goes bust.
However, there’s a catch: non-EU/UK traders don’t get the same investor protection schemes, which is a limitation for some. Also, while Seychelles and Mauritius regulations are legit, they’re not as rigorous as CySEC or, say, the UK’s FCA. So, if you’re outside the EU, you might want to weigh this in your decision.
Security Measures: Is Your Money Safe?
Beyond regulation, JustMarkets takes steps to secure your funds and data. They use SSL encryption to protect transactions and personal information, and client funds are held in segregated accounts. Negative balance protection is another plus, ensuring you can’t lose more than your account balance—a critical feature for high-leverage trading.
That said, no system is flawless. Some traders on platforms like Trustpilot have reported delays in deposits or withdrawals, with one user mentioning a four-day wait for a cryptocurrency deposit to be credited despite providing all requested documents. These hiccups aren’t widespread, but they’re worth noting. On the flip side, many users praise the broker’s quick withdrawal processing, often within hours, so experiences vary.
Trading Platforms: Smooth Sailing or Rocky Road?
JustMarkets offers MT4 and MT5, both available on mobile (iOS and Android), web, and desktop (Windows and Mac). These platforms are industry standards for a reason: they’re packed with advanced charting tools, technical indicators, and support for automated trading via Expert Advisors (EAs). The JM Mobile Trading App also gets high marks for letting traders manage accounts and execute trades on the go.
The platforms are user-friendly, even for beginners, and the web-based WebTrader requires no downloads, which is handy for quick access. However, some traders have noted that spreads can widen during volatile market hours, which could impact high-frequency traders like scalpers.
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Account Types: Something for Everyone
JustMarkets offers a range of account types to suit different trading styles:
Standard Cent Account: Perfect for beginners, with a $10 minimum deposit, micro lot sizes (1,000 units), and spreads starting at 0.3 pips. Available only on MT4.
Standard Account: A step up for more experienced traders, with a $10 minimum deposit, standard lot sizes (100,000 units), and spreads from 0.3 pips on MT4 and MT5.
Pro Account: Aimed at professionals, requiring a $100 minimum deposit (recently raised to $200 as of January 2025) with spreads from 0.1 pips.
Raw Spread Account: For scalpers and day traders, with a $200 minimum deposit and ultra-low spreads starting at 0 pips, though it comes with a commission.
The low minimum deposits make JustMarkets accessible, especially for newbies. Plus, the broker supports multiple account currencies (USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR), which helps avoid currency conversion fees.
One standout feature? Swap-free Islamic accounts are available for all account types, making JustMarkets inclusive for traders adhering to Sharia principles. You’ll need to request this through customer support, and eligibility is reviewed case-by-case.
Fees and Spreads: Are You Getting a Good Deal?
JustMarkets is known for competitive pricing. Spreads start as low as 0 pips on the Raw Spread account, and even the Standard accounts offer tight spreads from 0.3 pips. There are no fees for deposits or withdrawals, though third-party payment providers might charge their own fees.
The broker also skips currency conversion fees and overnight funding charges for swap-free accounts, which is a big win for cost-conscious traders. A 50% deposit bonus is available (starting at $10), scaling with your deposit size, giving you extra trading capital. Claiming bonuses is straightforward, with no complex hoops to jump through.
However, some traders have complained about inconsistent spreads during high-volatility periods, and there have been rare reports of leverage restrictions on certain trades, which can be frustrating.
Trading Instruments: Variety to Spice Things Up
With over 250 instruments, JustMarkets offers plenty of options:
Forex: Major, minor, and exotic currency pairs.
Commodities: Gold, oil, and other metals.
Indices: Popular global indices like the S&P 500.
Stocks: CFDs on major companies.
Cryptocurrencies: Bitcoin, Ethereum, and more.
This diversity lets traders build varied portfolios, but there’s a downside: JustMarkets doesn’t offer real stocks or cryptocurrencies, only CFDs. If you’re looking to own actual assets, you’ll need to look elsewhere.
The broker’s high leverage (up to 1:3000) is a double-edged sword. It can amplify profits but also magnifies losses, so tread carefully, especially if you’re new to trading.
Copytrading and Other Unique Features
JustMarkets’ copytrading system is a game-changer for beginners or those who want to piggyback on experienced traders’ strategies. You can follow top traders, automatically replicating their trades, and even monetize your own strategies if you’re a pro. The system includes a Risk Score to help you choose reliable traders to follow.
Other perks include:
Demo Accounts: Practice trading risk-free with real market conditions.
Fast Execution: Orders are processed in fractions of a second, critical for scalpers.
IB Partnership Program: A lucrative affiliate program for those who refer new traders.
These features make JustMarkets stand out, especially for traders looking for flexibility and passive income opportunities.
Customer Support: Do They Have Your Back?
Customer support can make or break a broker’s reputation. JustMarkets offers support in multiple languages (English, Malay, Indonesian, Spanish, Portuguese) via live chat, email, phone, and messaging apps like Telegram and WhatsApp. Most reviews praise the team’s responsiveness, with live chat agents often resolving issues quickly and politely.
However, some traders have reported frustrations with automated chatbot responses or delays in resolving complex issues, like deposit disputes. The Help Centre on their website is a solid resource for general queries, but for urgent issues, live chat or phone support is your best bet.
What Are Traders Saying in 2025?
JustMarkets has a strong online presence, with a 4.8/5 rating on Trustpilot based on over 3,500 reviews and a 3.8/5 on Forex Peace Army. Many traders rave about the low spreads, fast withdrawals, and user-friendly platforms. Awards like “Best CFD Broker” and “Best IB/Affiliate Programme” at the UF Awards 2024 further boost its credibility.
On the flip side, some negative reviews highlight deposit/withdrawal delays and spread manipulation concerns, particularly after large withdrawals. These complaints are in the minority, but they suggest JustMarkets isn’t perfect. Always test the waters with a demo account or small deposit before going all-in.
Pros and Cons of JustMarkets
Pros:
Regulated by CySEC, FSA, FSC, and FSCA.
Low minimum deposits ($10 for Standard accounts).
Competitive spreads (from 0 pips on Raw Spread accounts).
Swap-free Islamic accounts and copytrading features.
No deposit/withdrawal fees.
Supports MT4, MT5, and multiple account currencies.
Cons:
No investor protection for non-EU/UK traders.
Limited to CFDs (no real stocks or crypto).
Occasional complaints about withdrawal delays or spread widening.
Leverage restrictions reported by some users.
Conclusion: Is JustMarkets Right for You?
So, is JustMarkets a trusted broker? For most traders, the answer is yes. Its strong regulatory oversight, competitive fees, and versatile platforms make it a solid choice for both beginners and pros. The copytrading system and swap-free accounts add unique value, while the low minimum deposits lower the entry barrier. However, the lack of investor protection for non-EU traders and occasional user complaints about delays or spreads mean you should proceed with caution.
✅ Trade with JustMarkets now: Open An Account or Visit Brokers 👈
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