6 minute read
Is JustMarkets Available in Rwanda? A Comprehensive Review
from JustMarkets
by Exness_India
Yes, JustMarkets is available in Rwanda. Rwandan traders can access the services of this global forex and CFD broker with full functionality. Whether you're an individual investor or a professional trader based in Kigali or anywhere else in Rwanda, you can register, verify your account, fund your wallet, and start trading on JustMarkets without restrictions. In this comprehensive review, we’ll explore how JustMarkets operates in Rwanda, what features are available to local users, and whether it's a trustworthy platform for Rwandan traders.
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JustMarkets’ Legal Availability in Rwanda
JustMarkets is an international brokerage brand operated by Just Global Markets Ltd, a company registered in Seychelles and regulated by the Financial Services Authority (FSA). Although it does not hold a local license from the National Bank of Rwanda (BNR), it accepts clients from Rwanda and provides them with access to its trading services.
This means that while it’s not a “locally regulated” broker in Rwanda, it legally operates as an offshore entity—something common in many African and developing nations where financial regulations are still evolving. As long as you understand the risks of trading with a non-local broker, using JustMarkets in Rwanda is legal and accessible.
How to Open a JustMarkets Account in Rwanda
Opening a JustMarkets account from Rwanda is straightforward. The broker has streamlined the onboarding process to suit users from various regions, including Africa.
Sign-up: Visit the JustMarkets official website and fill in the quick registration form with your name, email, and password.
Verification: You’ll be required to submit identification documents—like a passport, national ID, or driving license—and proof of address. These are standard KYC procedures.
Deposit Funds: Rwandan traders can fund their accounts via several global payment methods, such as Visa, Mastercard, Perfect Money, Skrill, Neteller, and cryptocurrencies.
Start Trading: Once verified and funded, you can trade forex, commodities, indices, and cryptocurrencies.
Importantly, the platform is available in English, which suits Rwandan traders since English is one of Rwanda’s official languages.
Trading Conditions for Rwandan Users
JustMarkets provides competitive trading conditions that appeal to both beginner and experienced traders. Here are some of the highlights relevant to traders in Rwanda:
Leverage up to 1:3000: Rwandan users can access high leverage, which can be beneficial for small capital traders looking to maximize potential profits.
Low spreads: Spreads start from 0.0 pips on ECN accounts. This allows cost-effective trading, especially for scalpers and high-frequency traders.
Account types: There are multiple account types, including Standard, Pro, Raw Spread, and Cent accounts. This gives traders flexibility based on experience and strategy.
MT4 & MT5 Support: JustMarkets supports MetaTrader 4 and MetaTrader 5, the world’s most popular trading platforms.
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Local Deposit and Withdrawal Options
While JustMarkets doesn’t yet support mobile money services like MTN Mobile Money or Airtel Money, which are widely used in Rwanda, users can still make transactions via:
Skrill & Neteller – Both are widely accepted by Rwandan traders and are known for quick processing.
Perfect Money – A preferred option for many African users due to low fees and ease of use.
Visa/MasterCard – Accepted globally and functional in Rwanda.
Cryptocurrencies – Bitcoin, Ethereum, and Tether are supported for deposits and withdrawals, appealing to users who prefer decentralized payments.
Transaction times typically range from instant to 1 business day. No major complaints have been reported about withdrawals in Rwanda, which indicates reliability in processing requests.
Is JustMarkets Safe for Rwandan Traders?
Safety is a top concern for any trader. Although JustMarkets is not regulated by the Rwandan central bank, it is licensed by the Seychelles FSA, which provides a baseline level of oversight. Furthermore, the platform employs several security protocols:
SSL Encryption – All transactions and data exchanges are encrypted to protect user information.
Negative Balance Protection – This prevents traders from going into debt even during high volatility.
Segregated Accounts – Client funds are stored separately from the broker’s operational funds, which helps reduce the risk of misuse.
While not the most heavily regulated broker globally, JustMarkets has maintained a positive reputation with traders in Africa, Asia, and other regions. There are relatively few complaints related to security breaches or scams.
Customer Support for Rwandan Traders
JustMarkets offers 24/7 customer support via live chat, email, and social media. Rwandan users have reported that support agents are responsive and knowledgeable. Support is available in English, which caters to Rwanda's multilingual population.
Additionally, JustMarkets has a comprehensive FAQ section, trading tutorials, and platform guides—useful for beginners who want to learn the ropes before committing real funds.
Educational Resources and Tools
One of the strong points of JustMarkets is its commitment to trader education. Whether you're a newbie from Kigali or a professional investor in Huye, the platform offers:
Forex articles and tutorials
Technical and fundamental analysis tools
Daily market insights
Trading calculators
Economic calendar
These tools are helpful for Rwandan traders who don’t have access to formal forex education or financial training.
Islamic Accounts for Muslim Traders
JustMarkets offers swap-free Islamic accounts, which comply with Shariah law. This is particularly beneficial for Muslim traders in Rwanda who wish to trade without earning or paying interest (Riba). You can request this account type during or after registration.
Mobile Trading in Rwanda
Mobile trading is vital in Rwanda, where mobile internet usage is high. JustMarkets supports both MT4 and MT5 mobile apps, which are compatible with Android and iOS devices. You can place orders, check charts, deposit funds, and manage your account from your smartphone.
For those using limited data or low-spec devices, the mobile apps are optimized for speed and performance, ensuring smooth access even on 3G networks.
Pros and Cons of Using JustMarkets in Rwanda
Pros:
Available in Rwanda with no regional restrictions
Competitive trading conditions
High leverage for small capital traders
MT4 & MT5 platforms supported
24/7 customer service in English
Accepts cryptocurrency payments
Swap-free Islamic accounts available
Cons:
No local mobile money payment support (yet)
Not regulated by Rwanda’s National Bank
Education resources could be more localized
Final Verdict: Should Rwandans Use JustMarkets?
If you're a trader in Rwanda looking for an accessible, feature-rich, and globally trusted forex broker, JustMarkets is a strong choice. It provides all the tools and services needed for successful trading—from beginner tutorials to professional-grade trading platforms. Although it operates offshore and doesn’t offer mobile money options yet, its competitive trading environment, responsive customer service, and secure infrastructure make it suitable for Rwandan users.
As always, trading involves risk, so it’s crucial to invest only what you can afford to lose. But with proper risk management and education, JustMarkets offers Rwandan traders an excellent gateway into the world of forex and CFD trading.
Conclusion
JustMarkets is fully accessible to traders in Rwanda and stands out as a reliable and efficient broker for those seeking to enter the global trading arena. With solid trading conditions, strong platform support, and active customer service, it’s a great fit for both novice and experienced traders. If you're based in Rwanda and looking for a broker with global standards and African accessibility, JustMarkets is worth considering.
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