6 minute read
Is JustMarkets Regulated in Malaysia? A Comprehensive Review
from JustMarkets
by Exness_India
If you're trading from Malaysia and wondering whether JustMarkets is a regulated broker in the country, the short and simple answer is no — JustMarkets is not regulated by any Malaysian authority, including the Securities Commission Malaysia (SC). This is a critical point for Malaysian traders to understand. While JustMarkets is a popular global broker offering forex and CFD trading, it does not hold a valid license to operate as a regulated broker in Malaysia. This raises several concerns related to investor protection, legal recourse, and the security of your funds.
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In this article, we’ll cover:
· What regulation means for traders in Malaysia
· Why JustMarkets is not regulated in Malaysia
· The risks of using unregulated brokers
· Alternatives that are fully regulated locally
· What you should look for when choosing a forex broker
What Does It Mean to Be a Regulated Broker in Malaysia?
In Malaysia, the Securities Commission (SC) is the main financial regulatory body responsible for overseeing capital markets, including forex trading. Any broker that wants to operate legally in Malaysia must be registered with the SC and comply with its strict standards on:
· Client fund protection
· Transparent operations
· Capital adequacy
· Risk management
· Regular audits and reporting
When a broker is regulated by the SC, it means that Malaysian traders are protected by local financial laws, and have legal recourse in case of disputes or fraud. Regulated brokers are subject to monitoring and must follow operational guidelines that safeguard client interests.
Is JustMarkets Regulated by the Securities Commission Malaysia?
No, JustMarkets is not regulated by the Securities Commission Malaysia. You can verify this by searching the SC Malaysia's official website or checking their list of licensed entities — JustMarkets does not appear on it.
Instead, JustMarkets operates under an international license:
· The company is registered and regulated by the Financial Services Authority (FSA) of Seychelles, under the name Just Global Markets Ltd.
While this allows JustMarkets to legally operate in certain international markets, Seychelles regulation is not recognized by Malaysian authorities. It is considered an offshore jurisdiction with less stringent oversight compared to Tier-1 regulators such as ASIC (Australia), FCA (UK), or CySEC (Cyprus).
Therefore, trading with JustMarkets from Malaysia means you are using an offshore broker that is not governed by Malaysian laws.
Is It Legal to Trade with JustMarkets from Malaysia?
Legally, Malaysian traders can access and open accounts with offshore brokers like JustMarkets, but this comes with important caveats:
· The broker is not authorized to market directly to Malaysian residents.
· The SC has issued multiple warnings in the past about using offshore brokers.
· If you run into issues such as withdrawal problems or account manipulation, you have no protection under Malaysian law.
In short, you can trade with JustMarkets at your own risk, but you will be operating outside the legal protection of Malaysia’s financial regulatory framework.
Risks of Using an Unregulated Broker in Malaysia
Trading with an offshore broker like JustMarkets comes with significant risks:
1. Lack of Investor Protection
Since JustMarkets is not regulated in Malaysia, you are not protected by compensation schemes or local legal channels in case the broker goes bankrupt or engages in misconduct.
2. Limited Transparency
Offshore brokers are not required to disclose full operational details or undergo regular audits the way SC-regulated brokers are. This opens the door to poor business practices or even scams.
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3. Higher Risk of Withdrawal Issues
Many traders report problems with slow or rejected withdrawals when using offshore brokers. Because JustMarkets is outside Malaysian jurisdiction, you cannot file a complaint through the SC or take legal action easily.
4. Questionable Trading Practices
Some offshore brokers engage in practices like price manipulation, fake stop-loss triggering, or slippage. Without regulatory oversight, you may not even realize you’re being taken advantage of.
Is JustMarkets a Scam?
No, JustMarkets is not considered a scam, but it’s also not a top-tier regulated broker. It has operated since 2012 and is licensed by the FSA of Seychelles, which gives it some level of legitimacy. Many users around the world use the platform and report satisfactory service.
However, Seychelles regulation is not equivalent to that of stricter, more reputable regulators, and the company does not meet the standards required to legally serve Malaysian clients.
That doesn’t mean JustMarkets will scam you — but it does mean that you’re assuming more risk compared to trading with a broker licensed by Malaysian or Tier-1 authorities.
Are There Safer Alternatives in Malaysia?
Yes. If you are based in Malaysia and want maximum security, legal protection, and peace of mind, consider brokers that are licensed by the Securities Commission Malaysia or regulated by Tier-1 authorities. Examples include:
· Rakuten Trade – Regulated by SC Malaysia
· CGS-CIMB Securities – Licensed in Malaysia
· IG Markets – FCA regulated, available to Malaysian traders
· CMC Markets – ASIC and FCA regulated
· ThinkMarkets – Offers SC-regulated access via local partnerships
Choosing a broker that is either locally regulated or internationally trusted ensures better transparency, faster dispute resolution, and legal protection.
What Should You Look for in a Forex Broker in Malaysia?
Here are some essential features to look for if you want to trade safely in Malaysia:
✅ Regulation by SC Malaysia or Tier-1 regulators
Always choose brokers with regulation from:
· Securities Commission Malaysia (SC)
· ASIC (Australia)
· FCA (UK)
· CySEC (EU)
These regulators enforce strict standards and offer investor protection.
✅ Transparent Trading Conditions
Look for brokers that clearly publish their:
· Spreads and fees
· Leverage limits
· Order execution policies
· Margin requirements
✅ Segregated Client Funds
This ensures your money is kept in separate accounts and not used for broker operations.
✅ Reliable Customer Support
Brokers with 24/5 or 24/7 live chat, local contact numbers, and multilingual support are ideal.
✅ Positive User Reviews and Industry Reputation
Check platforms like Trustpilot or Forex Peace Army for real user experiences, and avoid brokers with a high number of unresolved complaints.
Final Verdict: Should You Use JustMarkets in Malaysia?
JustMarkets is not regulated in Malaysia, which means Malaysian traders using the platform are unprotected by local laws. While the broker has an international license from Seychelles, it does not meet the regulatory standards required to operate legally in Malaysia.
If you're a Malaysian resident serious about trading forex or CFDs, your best move is to choose a broker regulated by SC Malaysia or a trusted Tier-1 regulatory body.
Trading with JustMarkets is possible, but it comes with added risk — especially if something goes wrong.
Key Takeaways
· ✅ JustMarkets is not regulated by the Securities Commission Malaysia.
· ⚠️ It operates under a Seychelles offshore license, which provides limited trader protection.
· ❌ Malaysian traders have no legal recourse under local law when using JustMarkets.
· ✅ It's safer to use SC-licensed brokers or those with strong international regulation.
· 🧠 Always check a broker’s license before depositing your money.
Have you traded with JustMarkets from Malaysia? Share your experience in the comments and help other traders stay informed. If you're unsure about which broker to use, it's worth taking the time to research regulated alternatives to stay safe and protect your capital.
✅ Trade with JustMarkets now: Open An Account or Visit Brokers 👈
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