6 minute read
Is JustMarkets Available in South Africa? A Comprehensive Review
from JustMarkets
by Exness_India
Yes, JustMarkets is available in South Africa, and South African traders can access its full suite of trading services. However, before diving in, it’s crucial to understand what this availability means in terms of regulation, features, local support, and whether it’s a smart choice compared to local and global competitors. In this comprehensive review, we will explore the presence of JustMarkets in South Africa, its regulatory situation, account types, trading platforms, pros and cons for South African users, and finally, whether it is a suitable broker for you.
✅ Trade with JustMarkets now: Open An Account or Visit Brokers 👈
JustMarkets in South Africa: The Basics
JustMarkets operates internationally and accepts clients from South Africa, offering them access to forex, commodities, indices, and cryptocurrencies. South African users can register an account, deposit and withdraw funds in ZAR, and access support directly from the broker’s global platform.
That said, JustMarkets is not regulated by the Financial Sector Conduct Authority (FSCA) of South Africa. Instead, it operates under offshore licenses, including regulation by the Financial Services Authority (FSA) of Seychelles. This lack of FSCA oversight does not make the broker illegal, but it does mean South African traders are not directly protected under local regulatory frameworks.
Is This a Red Flag?
While an offshore license isn't inherently problematic, it does mean that traders need to exercise extra caution. FSCA regulation provides local legal recourse in the event of disputes, while offshore regulation may not. Still, many international brokers operate in South Africa under similar conditions, and traders rely on their global reputation, client fund safety policies, and trading conditions.
JustMarkets has been in the market since 2012, with a generally positive track record. They offer segregated client accounts, negative balance protection, and SSL encryption, all of which are standard risk management practices.
What Does JustMarkets Offer South African Traders?
Even without FSCA licensing, South Africans can access a wide range of features from JustMarkets, including:
1. Account Types
JustMarkets offers a variety of account types suited to different trader needs:
· Standard Cent Account – Ideal for beginners who want to trade with minimal risk.
· Standard Account – Designed for regular retail traders.
· Pro Account – Lower spreads, higher leverage, and faster execution.
· Raw Spread Account – Tight spreads with a commission-based model, ideal for scalpers and professionals.
Each account allows trading with different minimum deposits, leverage levels (up to 1:3000), and asset access.
2. Trading Platforms
JustMarkets supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), the most popular trading platforms globally. Both are available for desktop, web, and mobile use.
South African traders can execute advanced technical analysis, use Expert Advisors (EAs), and take advantage of fast trade execution. MT5 users benefit from enhanced features like additional timeframes, order types, and an economic calendar.
3. Range of Markets
JustMarkets gives access to:
· Forex: Major, minor, and exotic pairs
· Indices: Global indices like NASDAQ, S&P 500, FTSE, etc.
· Commodities: Gold, silver, oil
· Cryptocurrencies: Bitcoin, Ethereum, Litecoin, and more
· Stocks (CFDs): Popular shares from global markets
This variety allows South African traders to build diversified portfolios.
4. Spreads and Fees
JustMarkets offers competitive spreads, starting from 0.0 pips on Raw Spread accounts. Commission structures are transparent. South Africans benefit from zero deposit and withdrawal fees for many methods, but third-party fees may apply.
✅ Trade with JustMarkets now: Open An Account or Visit Brokers 👈
5. Deposit and Withdrawal Options
South Africans can fund their accounts using:
· Bank cards (Visa/MasterCard)
· Skrill, Neteller
· Crypto wallets
· Wire transfers
· Local bank transfers in ZAR via JustMarkets' regional payment partners
Transactions are generally quick, with instant deposits and same-day processing for most withdrawals.
6. Customer Support
JustMarkets offers 24/7 multilingual support via live chat, email, and support tickets. Though there’s no dedicated South African office or FSCA-certified team, their global support is fast and professional.
Unfortunately, there's no Zulu, Afrikaans, or Xhosa language support — only English — which may be a barrier for some.
Pros of Using JustMarkets in South Africa
1. Available to South African residents without restrictions
2. Supports ZAR deposits and local payment methods
3. Ultra-low spreads and high leverage up to 1:3000
4. Access to MT4 and MT5 platforms
5. Zero commission on some accounts, tight spreads on others
6. Wide range of tradable instruments, including crypto
7. Negative balance protection and segregated client accounts
Cons to Consider
1. Not regulated by the FSCA, so lacks local oversight
2. Offshore regulation (FSA Seychelles) may not offer full legal protection
3. No physical presence in South Africa, meaning no local office or seminars
4. Limited language support (no local dialects)
5. Crypto volatility and high leverage risks for inexperienced traders
Is JustMarkets Safe for South African Traders?
Safety depends on your risk tolerance and what you prioritize. While JustMarkets is not FSCA-regulated, it has:
· Over a decade of operational history
· Thousands of active global users
· Secure platform infrastructure
· Transparent fee structure
However, without FSCA regulation, you won’t have the backing of South Africa’s financial ombudsman if a dispute arises. That’s why risk-conscious investors might prefer FSCA-regulated brokers like IG, FXTM ZA, or Exness South Africa.
Still, many retail traders looking for low-cost execution, fast withdrawals, and leverage flexibility find JustMarkets an attractive option.
Who Should Consider JustMarkets in South Africa?
JustMarkets may be ideal for:
· Beginner traders looking to start small with Cent Accounts
· Intermediate and advanced traders who want raw spreads and high leverage
· Scalpers and algorithmic traders using MT4/MT5
· Crypto and multi-asset traders wanting exposure beyond forex
· Those who value cost-efficiency over local regulation
However, if you’re seeking strong legal protection or regulated portfolio management, this broker may not be your best fit.
What Are South African Traders Saying?
Online reviews and forums like Myfxbook and Trustpilot reflect generally positive sentiment among South African users. They often praise JustMarkets for:
· Fast withdrawal processing
· User-friendly interfaces
· Attractive spreads and leverage
· Good customer service
Common complaints include:
· Delays in account verification
· Lack of local seminars or support teams
· The risk of high leverage when misused
These reviews align with global opinions — JustMarkets isn't perfect, but it's reliable for self-directed traders who understand their own risk.
How to Open an Account from South Africa
1. Visit justmakets.com
2. Choose “Open Account” and select your account type
3. Complete KYC verification with a valid ID and proof of address
4. Fund your account via your preferred method (ZAR supported)
5. Download MT4 or MT5 and start trading
The entire process can be completed in under 10 minutes.
Final Verdict: Is JustMarkets Worth It for South African Traders?
Yes — if you understand the trade-offs.
JustMarkets offers South African traders global-standard tools, low trading costs, high leverage, and excellent platform options. However, the absence of FSCA regulation means you must be willing to trust the broker’s offshore structure and manage your risks accordingly.
If you're comfortable trading without local regulatory protection, JustMarkets is a cost-effective, well-equipped choice. But for those who value local oversight and a regulated environment above all else, it may be better to look for FSCA-approved alternatives.
In summary: JustMarkets is available in South Africa, and many traders are successfully using the platform. But due diligence, risk management, and understanding what “offshore broker” means are essential steps before funding your account.
✅ Trade with JustMarkets now: Open An Account or Visit Brokers 👈
Read more:
