8 minute read
What is JustMarkets Minimum Deposit ZAR Withdraw?
from JustMarkets
by Exness_India
If you’re wondering about the JustMarkets minimum deposit and how ZAR withdrawals work, you’re in the right place. JustMarkets, a popular forex and CFD broker, is known for its low entry barriers and flexible payment options, making it a go-to choice for South African traders. The minimum deposit starts at just USD 10 (approximately ZAR 180), and withdrawals in ZAR are straightforward, with no fees charged by JustMarkets, though third-party providers may apply charges. In this guide, I’ll break down everything you need to know about funding your JustMarkets account, withdrawing in ZAR, and tips to make the process smooth. Let’s dive in!
✅ Trade with JustMarkets now: Open An Account or Visit Brokers 👈
Why JustMarkets is a Hit Among South African Traders
JustMarkets, formerly JustForex, has been around since 2012 and has built a solid reputation globally, including in South Africa. Regulated by top-tier authorities like CySEC and the Financial Sector Conduct Authority (FSCA) in South Africa, it offers a safe and transparent trading environment. With low spreads, high leverage (up to 1:3000), and platforms like MetaTrader 4 and 5, it’s no wonder traders are flocking to it. But what really sets JustMarkets apart for South Africans is its support for ZAR accounts, which means you can avoid pesky currency conversion fees.
So, let’s get to the main question: What’s the minimum deposit, and how do ZAR withdrawals work?
JustMarkets Minimum Deposit: How Low Can You Go?
The minimum deposit at JustMarkets is one of its biggest draws, especially for beginners. Here’s the breakdown by account type:
Standard and Standard Cent Accounts: USD 10 (around ZAR 180). These accounts are perfect for newbies or those testing the waters. The Standard Cent account is especially cool because your balance is measured in cents, so your USD 10 feels like 1000 cents, making it easier to practice with smaller risks.
Pro and Raw Spread Accounts: USD 200 (around ZAR 3600). These are designed for more experienced traders who want tighter spreads or zero-spread trading with a commission.
Some sources mention a USD 1 (ZAR 16) minimum deposit for Standard accounts, but this can vary depending on the payment method. For example, deposits via MasterCard might start at USD 5, while Bitcoin deposits require at least USD 7. Always check the JustMarkets website or contact their support for the exact amount based on your chosen method.
Why Such a Low Minimum Deposit?
JustMarkets keeps the barrier to entry low to make trading accessible. Whether you’re a student in Johannesburg or a part-time trader in Cape Town, USD 10 won’t break the bank. Plus, they sweeten the deal with bonuses like a USD 30 no-deposit bonus for new traders and a 50% deposit bonus for both new and existing clients. These bonuses can boost your trading capital, but be sure to read the terms—there’s usually a trading volume requirement before you can withdraw profits from bonuses.
How to Deposit Funds into Your JustMarkets Account
Depositing funds is a breeze with JustMarkets. Here’s a step-by-step guide to get you started:
Log In or Sign Up: Head to the JustMarkets website or mobile app and log into your Personal Area (PA). If you’re new, register an account—it takes about 15 minutes.
Navigate to Funds: Go to the “Funds” section and click the “Deposit” tab.
Choose Your Trading Account: Select the account you want to fund (Standard, Cent, Pro, or Raw Spread).
Pick a Payment Method: JustMarkets offers a ton of options, including:
Bank Cards: Visa and MasterCard.
E-Wallets: Skrill, Neteller, Perfect Money, and more.
Cryptocurrencies: Bitcoin, Ethereum, and others (minimum USD 15 for crypto).
Local Bank Transfers: South African EFT for ZAR deposits.
Enter the Amount: Specify your deposit (minimum USD 10 for most methods) and follow the prompts to complete the payment.
Confirm: Deposits are usually instant, processed within 1 minute on JustMarkets’ end, though some providers may take up to 30 minutes.
Pro tip: If you’re using a ZAR account, deposit via South African EFT to avoid conversion fees. JustMarkets supports ZAR as a base currency, so your funds stay in rands, saving you money.
✅ Trade with JustMarkets now: Open An Account or Visit Brokers 👈
ZAR Withdrawals: How to Get Your Money Out
Withdrawing funds in ZAR is just as easy, but there are a few things to know. JustMarkets processes withdrawals instantly on their end (within 1 minute), but the time it takes to hit your bank account depends on the method. Here’s how it works:
Log Into Your Personal Area: Go to “Funds” and select “Withdrawal.”
Select Your Account: Choose the trading account you want to withdraw from.
Choose a Withdrawal Method: Options include:
South African EFT: Takes about 3 days.
E-Wallets: Skrill, Neteller, or local wallets like FasaPay are instant or take 1-2 hours.
Cards: Visa/MasterCard withdrawals can take 4-7 days.
Cryptocurrencies: Processed in under 2 hours.
Enter Details: Fill in the required info, like your bank account or e-wallet details, and specify the amount. The minimum withdrawal is typically USD 10 for e-wallets but can vary.
Verify with OTP: JustMarkets uses a one-time password (OTP) for security, so you’ll need to confirm the transaction.
Wait for Processing: Check the “Transaction History” for statuses like “Pending” (under review, 1-2 hours), “Processed” (sent to the provider), or “Completed” (funds sent).
Key Notes on ZAR Withdrawals
No JustMarkets Fees: The broker doesn’t charge for withdrawals, but your bank or payment provider might (e.g., 1-3% for credit cards or blockchain fees for crypto).
ZAR Accounts Save Money: With a ZAR base currency account, you avoid conversion fees when withdrawing to a South African bank.
Verification is Crucial: Unverified accounts can’t withdraw funds and are limited to USD 2000 in deposits. Complete the verification process (ID and proof of residence) right after signing up.
Timing Matters: Submit withdrawal requests within the first two business hours of the day to avoid delays. Bank processing times are out of JustMarkets’ control, so EFTs might take a few days.
Tips to Make Deposits and Withdrawals Smooth
Want to avoid hiccups? Here’s some advice based on trader feedback and my research:
Verify Early: Get your account verified before depositing or withdrawing to avoid restrictions.
Check Payment Method Limits: Some methods, like Bitcoin, have higher minimums (USD 15). Always confirm on the JustMarkets deposit/withdrawal page.
Use ZAR Accounts: South African traders should opt for ZAR as the base currency to skip conversion costs.
Watch for Bonuses: If you use a deposit bonus, you’ll need to meet trading volume requirements before withdrawing profits. Read the fine print!
Contact Support: JustMarkets offers 24/7 multilingual support via live chat, email, or phone. Traders like Zara Moller and Thabo van Der Merwe rave about their quick, helpful responses.
Why Choose JustMarkets for ZAR Trading?
JustMarkets stands out for South African traders because it’s tailored to local needs. The ZAR account option, low minimum deposit, and local EFT support make it super convenient. Plus, with no internal fees and fast processing, you can focus on trading rather than worrying about costs. The broker’s regulation by FSCA and CySEC adds a layer of trust, though some traders caution about occasional withdrawal delays due to bank processing.
Bonuses and Perks
No-Deposit Bonus: USD 30 for new traders to test the platform.
50% Deposit Bonus: Boosts your capital for more trading power.
Swap-Free Islamic Accounts: Perfect for Muslim traders, available on all account types.
Common Questions About JustMarkets Deposits and Withdrawals
Q: Can I deposit less than USD 10?A: In some cases, yes. Standard accounts may allow deposits as low as USD 1 with certain methods, but it’s best to confirm with JustMarkets’ support.
Q: Are there withdrawal fees?A: JustMarkets doesn’t charge fees, but your bank or e-wallet provider might. Check with them for specifics.
Q: How long do ZAR withdrawals take?A: EFT withdrawals take about 3 days, while e-wallets like Skrill are instant or take 1-2 hours.
Q: Is JustMarkets safe for South African traders?A: Yes, it’s regulated by FSCA and CySEC, with segregated client accounts and OTP verification for withdrawals.
Final Thoughts: Start Trading with JustMarkets Today
JustMarkets makes it easy for South African traders to jump into forex and CFD trading with a minimum deposit of USD 10 (ZAR 180) and seamless ZAR withdrawals via EFT, e-wallets, or cards. The broker’s low costs, ZAR account support, and fast processing (instant on their end) make it a solid choice for beginners and pros alike. Whether you’re in Durban or Pretoria, you can fund your account, trade, and withdraw in ZAR without worrying about conversion fees.
✅ Trade with JustMarkets now: Open An Account or Visit Brokers 👈
Read more:
