6 minute read
Is JustMarkets Available in Nigeria? A Comprehensive Review
from JustMarkets
by Exness_India
Yes, JustMarkets is available in Nigeria. Nigerian traders can access the platform without restrictions, register for an account, deposit in Naira (via several payment methods), and start trading various instruments including forex, commodities, indices, and cryptocurrencies. In this comprehensive review, we’ll explore everything Nigerian users need to know about trading with JustMarkets — from regulatory compliance and platform features to funding methods and local support.
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Regulatory Status and Legitimacy in Nigeria
JustMarkets is a global broker operating under Just Global Markets Ltd, regulated by the Financial Services Authority (FSA) of Seychelles. While it does not have a physical office or local regulation in Nigeria (such as by the Central Bank of Nigeria or SEC Nigeria), it is accessible to Nigerian users as an offshore broker.
This is a common practice among retail traders in Nigeria, as many reputable international brokers offer services without having local licenses. However, traders must be aware that trading with an offshore broker means your protections are subject to the laws of the broker’s jurisdiction. That said, JustMarkets is widely used in Nigeria, and there is no official ban or restriction on Nigerian residents opening accounts.
Account Types and Trading Instruments
Nigerians using JustMarkets can choose between several account types: Standard, Pro, Raw Spread, and Cent accounts. Each type offers different features in terms of spreads, commissions, and minimum deposits. This flexibility allows Nigerian traders — whether beginners or professionals — to select the right account based on their trading style.
JustMarkets provides access to a broad range of trading instruments:
· Forex: Major, minor, and exotic currency pairs.
· Indices: Global indices like S&P 500, Nasdaq, and more.
· Commodities: Gold, silver, oil, and other key commodities.
· Cryptocurrencies: BTC, ETH, XRP, and more.
· Shares: Popular US stocks.
All assets can be traded via MetaTrader 4 or MetaTrader 5 — the most trusted platforms in the industry.
Deposit and Withdrawal Options for Nigerians
One of the key strengths of JustMarkets in Nigeria is its payment accessibility. Nigerian traders can use various local methods for deposits and withdrawals. These include:
· Local Bank Transfer: Through intermediaries or payment processors.
· USDT (Tether): For users with access to crypto wallets.
· E-wallets: Skrill, Neteller, Perfect Money.
· Bank Cards: Visa/MasterCard (though this may vary depending on local bank policies).
Deposits are usually processed instantly, while withdrawals may take a few hours to 1–2 business days depending on the method. Importantly, JustMarkets does not charge internal fees for deposits or withdrawals, although third-party fees might apply.
Is Naira (NGN) Accepted?
Yes, JustMarkets supports deposits in Nigerian Naira (NGN) through local payment agents or exchangers. However, the main trading currency in your account will still be USD, EUR, or other base currencies. The deposit in Naira is typically converted to USD using the current exchange rate at the time of deposit. This process is convenient for Nigerian traders who may not have access to foreign currency accounts.
Trading Conditions and Leverage
JustMarkets offers competitive trading conditions that suit the Nigerian market. Traders enjoy tight spreads starting from 0.0 pips on Raw Spread accounts and leverage up to 1:3000 depending on the account type and instrument.
This high leverage can be attractive to Nigerian traders with smaller capital but should be used responsibly. Leverage magnifies both potential gains and losses. The platform also allows micro-lot trading, which is ideal for beginners looking to practice with lower risk.
Execution speed is fast, and the broker claims no requotes or slippage under normal market conditions. Nigerian traders have access to both hedging and scalping strategies, and automated trading using Expert Advisors (EAs) is also allowed on MT4/MT5.
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Educational Resources and Tools
While JustMarkets provides some educational content such as basic trading tutorials and market analysis, its educational offering is somewhat limited compared to dedicated educational platforms. Nigerian traders looking to learn the basics of forex or technical analysis will find some useful materials, but may need to complement it with external courses or mentorship.
That said, JustMarkets regularly publishes market news, economic calendars, and technical insights — tools that active Nigerian traders can use to enhance their market decisions.
Customer Support in Nigeria
JustMarkets offers multilingual customer support 24/7 via live chat, email, and Telegram. While there’s no Nigeria-specific phone number or office, the platform does respond promptly to support requests and inquiries.
Nigerian users often communicate with local representatives or payment agents for deposit/withdrawal issues. These local agents can assist in both English and local languages, which is a significant plus for users who prefer support in familiar dialects.
Bonuses and Promotions for Nigerian Traders
JustMarkets frequently runs bonuses and trading contests — many of which are available to Nigerian traders. These promotions can include:
· No-deposit bonuses for new users.
· Deposit match bonuses (e.g., 100% bonus on first deposit).
· Trading contests with real cash prizes.
These promotions change regularly, so Nigerian traders should check the official website or social channels to stay updated. Note that all bonuses come with terms and conditions that should be read carefully.
Is JustMarkets a Safe Broker for Nigerians?
Safety is a top concern for Nigerian traders, especially when dealing with international brokers. While JustMarkets is not regulated in Nigeria, it has operated for over a decade and has built a trustworthy reputation globally.
Some key safety features include:
· Segregated client funds.
· Negative balance protection.
· Secure encryption protocols.
However, the lack of regulation from Nigerian authorities means traders must do their due diligence. Always research and use proper risk management when trading with offshore brokers.
Advantages of Using JustMarkets in Nigeria
1. Full accessibility from Nigeria with no legal restrictions.
2. Multiple account types suitable for all levels of traders.
3. Local payment methods, including Naira deposits.
4. MetaTrader 4 and 5 platforms with advanced features.
5. Competitive spreads and leverage up to 1:3000.
6. Promotions and bonuses targeted at Nigerian users.
7. 24/7 multilingual customer support.
Potential Drawbacks
· No local regulation or office in Nigeria.
· Limited educational resources for beginners.
· Account currency is not NGN, so exchange rates apply.
· Reliance on local payment agents, which may add complexity.
Final Verdict: Should You Use JustMarkets in Nigeria?
If you're a Nigerian trader looking for a reliable, flexible, and accessible broker, JustMarkets is a solid choice. It offers robust trading platforms, a wide range of instruments, competitive spreads, and multiple funding options tailored to the Nigerian market.
However, because it operates offshore, it’s essential to manage your risks wisely, understand the implications of leverage, and keep in mind that protections are not as strong as with locally regulated brokers. For experienced traders and beginners who do proper research, JustMarkets provides a seamless and efficient trading experience.
In summary: Yes, JustMarkets is available in Nigeria, and it remains a popular broker among Nigerian traders thanks to its user-friendly platform, competitive conditions, and strong support for local payments.
✅ Trade with JustMarkets now: Open An Account or Visit Brokers 👈
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