Is Just Market a Regulated Broker? Here's the Truth You Need to Know

Yes, JustMarkets is a regulated broker. It is licensed and authorized by the Financial Services Authority (FSA) of Seychelles under license number SD088. However, regulation isn't as black and white as it seems. While JustMarkets operates legally under its current regulatory framework, whether it is considered “strictly regulated” depends on your expectations, your location, and what you want in a broker.

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What Does It Mean for a Broker to Be Regulated?

Before assessing JustMarkets specifically, it’s important to understand the concept of regulation in forex and CFD trading.

A regulated broker is one that operates under the oversight of a financial authority. This authority ensures the broker follows laws designed to protect clients’ funds, prevent fraud, and maintain transparent operations. Reputable financial regulators include:

• CySEC (Cyprus Securities and Exchange Commission)

• FCA (Financial Conduct Authority, UK)

• ASIC (Australian Securities and Investments Commission)

• NFA/CFTC (United States)

These Tier-1 regulators enforce strict compliance, including:

• Segregated client accounts

• Regular audits

• Capital adequacy requirements

• Compensation schemes in case of bankruptcy

By contrast, offshore regulators like the FSA of Seychelles, IFSC (Belize), or VFSC (Vanuatu) tend to have looser regulations. That doesn’t mean a broker is illegitimate — but the level of investor protection is significantly lower.

JustMarkets Regulation: What License Does It Hold?

As of 2025, JustMarkets is regulated by:

• Financial Services Authority (FSA), Seychelles

  • License Number: SD088

  • Entity: Just Global Markets Ltd

The FSA in Seychelles is known for light-touch regulation, low capital requirements, and less aggressive enforcement. Brokers licensed here can offer high leverage, faster onboarding, and fewer restrictions — which can benefit some traders, but raise red flags for others.

This licensing enables JustMarkets to operate in many international markets, especially in Asia, Africa, and Latin America, where traders might prioritize ease of access over tight regulatory protections.

Is the FSA (Seychelles) a Trusted Regulator?

Let’s be clear: the FSA is a legal regulator, and brokers under it must meet certain conditions, such as:

• Registering as an International Business Company (IBC)

• Maintaining minimum operational capital

• Submitting annual reports

However, it does not offer the same level of security as FCA, CySEC, or ASIC. For example:

• It does not require negative balance protection.

• It doesn’t enforce compensation schemes like the UK’s FSCS.

• It is less proactive in auditing or penalizing firms for misconduct.

So while JustMarkets is technically regulated, its oversight is not strong enough for traders who prioritize top-tier protections.

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Is JustMarkets a Safe Broker?

Here’s where things get nuanced. Despite its offshore regulation, JustMarkets has a good reputation in several areas:

• Operating History: Active since 2012, the broker has maintained a consistent presence in the forex market.

• Segregated Funds: Client funds are reportedly held in segregated accounts, reducing risk in the case of bankruptcy.

• Leverage Options: Offers leverage up to 1:3000, which can be appealing for high-risk traders.

• Negative Balance Protection: Available, although not mandated by its regulator.

• No serious scandals: As of now, JustMarkets hasn’t been involved in any major fraud or fund mismanagement scandals.

That said, the lack of Tier-1 regulation means your funds aren’t protected by a central authority if something goes wrong.

So, is it safe? It depends on your risk appetite. If you’re a casual or small-volume trader looking for flexible trading conditions, JustMarkets can be a reasonable choice. But if you’re depositing large sums or want strong legal fallback options, you might want a broker with FCA or ASIC regulation.

Where Does JustMarkets Operate?

JustMarkets does not offer services to residents of:

• United States

• United Kingdom

• EU countries

• Canada

• Japan

• Australia

These countries have strict licensing requirements, and JustMarkets isn’t registered with their regulators. Instead, it targets emerging markets and regions where offshore brokers are common and regulation is lighter.

This is neither good nor bad — it’s a business decision. But it also means the broker avoids jurisdictions with strong investor protection laws.

What Are Traders Saying About JustMarkets?

User reviews and online feedback provide some insight into JustMarkets’ reputation:

• Positive: Traders often praise JustMarkets for:

  • Fast withdrawals

  • User-friendly platform

  • Low spreads

  • Generous promotions and bonuses

  • High leverage

• Negative: Some users express concern about:

  • Offshore regulation

  • Lack of legal recourse

  • Aggressive marketing in some regions

On platforms like Trustpilot and Forex Peace Army, the broker scores reasonably well — but again, most of the positive reviews are from countries without strong regulatory frameworks.

This suggests that while JustMarkets meets expectations in the offshore trading space, it’s not ideal for traders expecting Tier-1 standards.

Should You Trust an Offshore Broker Like JustMarkets?

There’s no universal answer — it comes down to your personal priorities.

You may trust JustMarkets if:

• You’re comfortable with offshore regulation.

• You understand the risks and want high leverage.

• You trade with smaller amounts.

• You’re drawn to bonuses, contests, or promotions.

• You live in a country with limited access to Tier-1 brokers.

You may want to avoid JustMarkets if:

• You’re looking to invest large capital.

• You want maximum regulatory protection.

• You expect compensation in case of broker insolvency.

• You live in a country with strong domestic regulation.

Red Flags? What to Watch Out For

Although JustMarkets has not been involved in any major controversy, here are some general warning signs to watch for when dealing with any offshore broker:

1. Unsolicited calls or emails offering trading advice or investment packages.

2. Withdrawal delays without clear explanations.

3. Too-good-to-be-true promotions with unclear terms.

4. Pushy account managers urging higher deposits.

5. Lack of transparency in fees or swap rates.

If you experience any of these, it’s best to pause and review your options.

Alternatives to JustMarkets With Stronger Regulation

If regulation is a top priority for you, here are some alternatives to consider:

• IC Markets (ASIC, CySEC)

• Pepperstone (ASIC, FCA)

• IG Markets (FCA, NFA, ASIC)

• XTB (FCA, CySEC)

• Admirals (FCA, ASIC, CySEC)

These brokers offer lower leverage, but far greater security, legal recourse, and transparency.

Final Verdict: Is JustMarkets a Regulated Broker?

Yes — JustMarkets is a regulated broker under the FSA of Seychelles. However, this is an offshore license with limited oversight and weaker investor protections compared to top-tier regulators.

If you're an experienced trader who understands the risks, wants high leverage, and trades in small to moderate volumes, JustMarkets could suit your needs.

But if you're looking for maximum protection, strong legal support, and regulated transparency, you should consider a broker licensed by FCA, ASIC, or CySEC.

In the end, it’s all about risk management and trust — two factors that should always guide your choice of broker.

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Read more:

• Does JustMarkets Have No Deposit Bonus?

• What is the minimum deposit for JustMarkets?