7 minute read
Is JustMarkets Available in Philippines? A Comprehensive Review
from JustMarkets
by Exness_India
If you're in the Philippines and looking for a reliable forex and CFD broker, you might be wondering: Is JustMarkets available in the Philippines? The short answer is yes—JustMarkets is accessible to Filipino traders, and many have already begun using its platform for trading forex, commodities, indices, and cryptocurrencies. But before you open an account, it’s essential to understand what the platform offers, how it operates in the Philippine context, and whether it’s the right broker for your needs. This article delivers an in-depth, no-nonsense review to help you make an informed decision.
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What Is JustMarkets?
JustMarkets is an international online broker founded in 2012. It offers a broad range of trading services, including forex, indices, commodities, precious metals, and cryptocurrencies through platforms like MetaTrader 4 and MetaTrader 5. The company is operated by Just Global Markets Ltd and is regulated by the Financial Services Authority (FSA) of Seychelles.
Although JustMarkets does not have a physical office or local license in the Philippines (as it is not regulated by the Philippines' Securities and Exchange Commission, or SEC), the platform is still legally accessible to residents. Many brokers follow this model, especially those offering high-leverage trading options and global market access.
Can Filipinos Register and Trade on JustMarkets?
Yes, Filipino traders can register, deposit, and trade on JustMarkets. The platform is not blocked in the country, and the registration process is straightforward. All you need is a valid email address, proof of identity (such as a passport or national ID), and a proof of address (like a utility bill or bank statement). These documents are required to comply with international KYC (Know Your Customer) standards.
Once your account is verified, you can fund it using a variety of payment methods, including:
Bank transfer
Visa/MasterCard
GCash (via payment gateways)
Skrill
Neteller
Crypto (like BTC, ETH, USDT)
The ability to fund your account through locally popular methods like GCash makes the platform even more convenient for Filipino users.
Is It Legal to Trade with JustMarkets in the Philippines?
While JustMarkets is not regulated by the Philippine SEC, this does not make trading with the platform illegal. The Bangko Sentral ng Pilipinas (BSP) and SEC mainly regulate companies that are physically operating in or marketing within the country. Since JustMarkets does not maintain offices in the Philippines nor directly markets to locals, Filipino users are legally allowed to use the service at their discretion.
That said, because the company is regulated offshore, users must exercise caution and understand the risks of dealing with non-Philippine-registered entities. Always read the terms and conditions, risk disclosures, and ensure you use strong personal risk management strategies.
Key Features of JustMarkets for Filipino Traders
User-Friendly Interface: The MetaTrader 4 and 5 platforms offered by JustMarkets are industry standards. Filipino traders, whether beginners or advanced, will find them intuitive and rich in tools like indicators, expert advisors, and customizable charts.
Multiple Account Types: JustMarkets offers several account types to match different trading strategies and experience levels:
Standard
Pro
Raw Spread
Cent (for micro trading and beginners)
High Leverage: Traders can access leverage of up to 1:3000, which is significantly higher than what is typically allowed by local brokers. This can magnify gains—but also losses—so it’s recommended for experienced traders only.
Low Minimum Deposit: With a minimum deposit as low as $1, the barrier to entry is extremely low. This makes it accessible for students and part-time traders in the Philippines.
Multilingual Support: While Tagalog is not yet supported, the platform does offer English customer support 24/7 via chat and email, which is sufficient for most Filipino users.
Islamic (Swap-Free) Accounts: For those concerned about Sharia compliance, swap-free options are available on request.
Crypto Trading: Besides traditional forex pairs, JustMarkets allows traders to speculate on the price of cryptocurrencies like Bitcoin and Ethereum, an increasingly popular asset class in the Philippines.
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Fees and Spreads
JustMarkets maintains competitive trading conditions. Spreads on major pairs like EUR/USD start from 0.0 pips on Raw Spread accounts, while the Standard account typically has spreads starting from 0.3 pips. There are no deposit fees for most methods, and withdrawal fees depend on the payment processor used.
Some traders might be concerned about inactivity fees or overnight swap charges. While these are standard across the industry, it’s crucial to read the fine print on your chosen account type. JustMarkets is relatively transparent about fees compared to many offshore brokers.
Trading Education and Tools
For Filipino traders still learning the ropes, JustMarkets offers several free resources including:
Market news
Technical and fundamental analysis
Economic calendar
Educational articles and trading guides
However, it’s worth noting that the educational section is not as comprehensive as other brokers like eToro or IG. You may want to supplement your learning with external YouTube channels or free forex academies specifically targeted at the Filipino market.
How Safe Is JustMarkets?
Since JustMarkets is regulated by the FSA in Seychelles—a tier-3 regulatory body—it is considered a moderately safe broker. It offers negative balance protection and segregated client funds, which are two important safety measures. However, it does not provide investor compensation schemes like European brokers (e.g., CySEC or FCA-regulated firms).
For Filipino traders, this means you should only invest money you can afford to lose, and ideally avoid holding large amounts in your broker account for extended periods.
Pros and Cons for Traders in the Philippines
Pros:
Easily accessible for Filipinos
Low minimum deposit
High leverage and various account types
GCash and crypto deposit options
User-friendly MetaTrader platforms
24/7 customer support
Cons:
Not regulated by the Philippine SEC
No local customer service or physical office
Limited educational content
No Tagalog language support
Risk of trading with an offshore entity
Who Should Use JustMarkets in the Philippines?
JustMarkets is best suited for:
Beginner traders who want to start with small capital
Intermediate to advanced traders looking for high leverage and tight spreads
Crypto enthusiasts who want to trade digital assets without owning them
Part-time traders who appreciate mobile and desktop access through MT4/MT5
However, if you're someone who prefers dealing only with locally regulated brokers or want in-person support, you may be better served by a locally licensed firm.
How to Get Started with JustMarkets in the Philippines
Visit the official website: JustMarkets.com
Register for an account: Provide your email, set a password, and choose your account type.
Verify your identity: Upload the required documents (ID and proof of address).
Fund your account: Use your preferred payment method—GCash, Visa, bank transfer, etc.
Download MT4/MT5: Available on both desktop and mobile.
Start trading: Choose your instruments, set your strategy, and begin trading.
Final Verdict: Is JustMarkets Worth It for Filipinos?
Yes, JustMarkets is a legitimate and accessible broker for traders in the Philippines, especially for those looking for low entry costs, high leverage, and a robust trading platform. However, you should be fully aware of the risks of using an offshore broker, including the lack of SEC oversight and potential withdrawal delays due to cross-border payment gateways.
For many Filipino traders—particularly those who are well-informed and take trading seriously—JustMarkets can be a powerful tool to tap into the global markets. Just make sure you educate yourself thoroughly, manage your risk wisely, and start with small capital while you're learning the ropes.
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