6 minute read
Is JustMarkets Legal in Europe? (Updated 2025)
from JustMarkets
by Exness_India
Yes, JustMarkets is legal to use in many parts of Europe, but its legality depends on each specific country’s financial regulations. Traders should understand that JustMarkets is not regulated by the European Securities and Markets Authority (ESMA) or any EU-based regulatory authority. Instead, it operates internationally under an offshore license, which may affect investor protections in some European jurisdictions.
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What Is JustMarkets and How Does It Operate?
JustMarkets is a global online forex and CFD broker offering trading services for a wide range of instruments including currency pairs, indices, commodities, stocks, and cryptocurrencies. It operates under the parent company Just Global Markets Ltd, which is regulated by the Financial Services Authority (FSA) of Seychelles—a non-European offshore regulator.
While this license allows the company to offer services internationally, it is not equivalent to regulation under stricter European bodies such as:
The UK’s Financial Conduct Authority (FCA)
Germany’s BaFin
Cyprus Securities and Exchange Commission (CySEC)
The European Central Bank (ECB)
As such, although European residents can access and use the platform, it is not officially authorized or licensed within the European Economic Area (EEA) under MiFID II (Markets in Financial Instruments Directive).
Can Europeans Legally Trade on JustMarkets?
Yes, European residents can legally open an account with JustMarkets as long as their local jurisdiction does not explicitly ban offshore brokers. In most European countries, individuals are allowed to use offshore platforms at their own risk.
For instance:
Germany, France, and Italy do not criminalize trading with offshore brokers, but they do not protect client funds held with non-EU regulated entities.
Countries like Belgium and Austria may impose advertising bans or enforce stricter retail trading rules.
The UK, post-Brexit, allows traders to choose offshore brokers, though without FCA protection.
Cyprus and Spain have cracked down on unauthorized brokers aggressively, especially those marketing high-risk derivatives.
The key takeaway is: trading on JustMarkets is not illegal, but it is less protected under EU law.
Is JustMarkets Regulated in the EU?
No, JustMarkets is not regulated in any EU member country. It holds an offshore license (Seychelles FSA), which does not meet the stringent standards of European regulators. This means:
The broker does not comply with ESMA’s leverage restrictions, which cap leverage at 1:30 for retail clients.
It is not part of the Investor Compensation Fund (ICF) or any EU deposit protection scheme.
It may offer high leverage, bonuses, and promotions that are banned in the EU for retail traders.
This setup attracts traders looking for fewer restrictions, but it also comes with higher risk, especially in terms of dispute resolution and fund security.
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What Are the Risks of Using JustMarkets in Europe?
Lack of Investor Protection: Since JustMarkets is not regulated in the EU, you won’t be protected by compensation schemes like the Cypriot ICF or the UK’s FSCS.
Leverage and Risk Exposure: You may be exposed to very high leverage (up to 1:3000), which can amplify both profits and losses—something that ESMA limits to protect retail traders.
Withdrawal and Dispute Resolution: Resolving disputes with an offshore broker may be challenging. You will likely have to pursue complaints through Seychelles' regulatory system, which is not as responsive or transparent as those in the EU.
Marketing and Misinformation: Some offshore brokers use aggressive or misleading marketing in European markets. Although JustMarkets is generally considered reputable, traders must remain cautious.
Is JustMarkets Banned in Any European Country?
As of 2025, JustMarkets has not been outright banned in any major European country, but several financial regulators have issued warnings or advisories about offshore brokers in general.
For example:
BaFin (Germany) has issued guidance about using non-EU brokers and emphasizes that German law may not protect clients in disputes.
AMF (France) regularly updates a blacklist of unlicensed brokers, though JustMarkets does not appear on that list at the time of writing.
Spain’s CNMV frequently flags unlicensed entities but has not taken legal action against JustMarkets.
While the platform may not be blacklisted, European regulators caution users to trade with brokers that are fully regulated within the EU for better legal recourse.
Why Do Some European Traders Still Use JustMarkets?
Despite the regulatory gap, JustMarkets remains popular among European traders for several reasons:
High Leverage Options: Traders can use leverage far beyond EU limits, which appeals to experienced or high-risk traders.
Low Minimum Deposits: Accounts can be opened with very little capital, making it accessible to beginners.
Wide Range of Assets: JustMarkets offers CFDs on forex, crypto, indices, and commodities.
Multilingual Support and Platforms: The platform supports MetaTrader 4/5 and offers localized content and customer service.
Bonuses and Promotions: Many traders are drawn to cashback, deposit bonuses, and trading contests, which are banned in the EU under ESMA regulations.
What Should You Consider Before Using JustMarkets in Europe?
If you’re a European resident thinking about using JustMarkets, do your due diligence:
Understand the Risks: Offshore regulation means less protection and legal recourse.
Check Local Regulations: Your country may have specific restrictions or advisories.
Start Small: If you proceed, start with a minimal deposit to test the withdrawal and trading process.
Use Risk Management: High leverage can destroy your account quickly—have a solid strategy and don’t overtrade.
Avoid Overdependence on Bonuses: Focus on trading performance rather than promotional gimmicks.
Alternatives to JustMarkets for European Traders
If you’re concerned about regulation, consider EU-regulated brokers such as:
IG Markets (UK)
Saxo Bank (Denmark)
XTB (Poland)
eToro (Cyprus)
Admirals (Estonia)
These brokers follow MiFID II rules, offer negative balance protection, and participate in EU compensation schemes, ensuring greater legal and financial safety.
Final Verdict: Is JustMarkets Legal in Europe?
Yes, JustMarkets is legally accessible to European traders—but it is not officially regulated within Europe. Using the platform is a personal choice that comes with both opportunities and risks.
If you are a high-risk, experienced trader who wants more flexibility, JustMarkets might appeal to you. However, if safety, transparency, and regulatory protection are your top priorities, it’s better to choose a broker regulated within the EU.
Always research carefully, understand your legal standing, and never trade with money you cannot afford to lose.
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