Minimum Deposit for JustMarkets in Rands (ZAR) – All You Need to Know

If you’re wondering what the minimum deposit for JustMarkets is in South African Rands (ZAR), here’s the answer upfront: it starts from around ZAR 200, depending on the account type and exchange rates.

Now, let’s break it down with everything you need to know about minimum deposit requirements, account types, payment methods, and how it affects your trading experience on JustMarkets.

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What Is JustMarkets?

JustMarkets (formerly JustForex) is a global forex and CFD broker offering online trading services since 2012. Known for competitive spreads, flexible leverage, and a variety of account types, it caters to beginners and advanced traders alike.

While the company accepts traders from South Africa, it does not offer ZAR-based accounts, which means your funds are converted to USD or another supported currency after deposit.

Minimum Deposit for JustMarkets (Converted to ZAR)

JustMarkets operates in USD, and here are the minimum deposit amounts for each account type (USD amounts converted to ZAR at ~USD/ZAR 18.5):

• Standard Cent Account: $1 → approx. ZAR 18.50

• Standard Account: $1 → approx. ZAR 18.50

• Pro Account: $100 → approx. ZAR 1,850

• Raw Spread Account: $100 → approx. ZAR 1,850

Important Notes:

• The Standard Cent and Standard accounts are ideal for beginners, requiring only a tiny minimum deposit.

• Pro and Raw Spread accounts are designed for more experienced traders with higher capital.

• Always check the latest USD/ZAR exchange rate before depositing, as your local currency will be converted during the funding process.

Is There a ZAR-Based Account on JustMarkets?

No, JustMarkets does not currently offer ZAR-denominated trading accounts. All accounts are in USD, EUR, or other supported international currencies. Therefore, when you deposit in South African Rands, your money is converted to the base currency of your trading account.

This conversion usually happens automatically during the deposit process. However, it’s worth keeping in mind that you may incur a small currency conversion fee depending on the payment method you use.

Deposit Methods Available in South Africa

If you're in South Africa, here are the main deposit methods you can use with JustMarkets:

1. Bank Cards (Visa/Mastercard)

2. Skrill

3. Neteller

4. Perfect Money

5. Crypto (USDT, BTC, ETH, etc.)

6. Local Bank Transfer via Third-Party Processors

Recommended for South Africans:

• Visa/Mastercard: Fast and widely supported, but may include a currency conversion fee.

• Skrill/Neteller: Often used by South African traders for instant deposits and better exchange rates.

• Crypto deposits: No banking restrictions and generally faster, but you must manage conversion on your end.

How to Deposit in ZAR on JustMarkets

Although JustMarkets doesn’t directly support ZAR deposits, you can still fund your account in Rands through the following steps:

1. Choose a Deposit Method (e.g., card, e-wallet, or crypto)

2. Enter the Amount in USD

3. Pay in ZAR (Your payment provider will handle the currency conversion)

4. Funds Are Credited in USD to your JustMarkets trading account

Example: If you want to deposit ZAR 1,000 and the USD/ZAR rate is 18.5, you’ll receive around $54 USD (excluding fees).

Always double-check conversion fees, especially when using bank cards or local bank transfers.

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What’s the Best Account Type for Small Deposits?

If you want to start small (e.g., with ZAR 500 or less), the Standard Cent Account is the best option. Here’s why:

• Minimum deposit: $1 (approx. ZAR 18.50)

• Trades are measured in cents, not dollars

• Ideal for testing strategies or learning the platform

• Lower risk for beginner traders

With ZAR 200 (about $10), you can comfortably open a Cent Account and still have room to open multiple small trades.

Can You Trade with ZAR 200 on JustMarkets?

Yes, you can start trading with just ZAR 200, especially on the Standard Cent or Standard accounts.

Here’s how far ZAR 200 will go:

• Converted to USD: Roughly $10–$11

• Cent account equivalent: 1,000+ cent units, allowing multiple micro trades

• Leverage: Up to 1:3000 (depending on region and regulation)

While it won’t make you profits overnight, ZAR 200 is enough to get started, test the platform, and begin practicing trading strategies.

Are There Any Deposit Fees?

JustMarkets does not charge deposit fees on most payment methods. However, third-party fees (like currency conversion from ZAR to USD) may apply, depending on your bank or e-wallet provider.

Here's a breakdown:

• Bank cards: No broker fee, but expect a 2–4% card processing or exchange fee

• Skrill/Neteller: May charge a deposit fee (usually around 1%)

• Crypto: Network fees apply, but JustMarkets itself won’t charge a fee

• Local bank transfers: May involve intermediary fees and slower processing

Always review your provider’s fees before confirming your transaction.

How Long Do Deposits Take?

• Bank Cards: Instant to a few minutes

• Skrill/Neteller: Instant

• Crypto: 1–60 minutes depending on network speed

• Bank Transfers: 1–3 business days (if supported)

For fast access to your funds, use e-wallets or cards. Crypto is also a fast method, especially during off-hours.

Can You Change Your Base Currency to ZAR?

No, JustMarkets does not allow you to set ZAR as your account’s base currency. Your only workaround is to use an external service to convert your Rands to USD before depositing (e.g., a multi-currency wallet or e-wallet).

However, this adds complexity and possible extra fees, so most users opt for automatic conversion during deposit.

What Happens If You Deposit Below the Minimum?

If you try to deposit less than the required amount for a specific account type (e.g., depositing $50 into a Raw Spread account which needs $100), your funds may not be accepted or credited properly.

Here’s what to do:

• Always check account type requirements

• Deposit in line with the minimum amount for that account

• If in doubt, start with a Cent or Standard Account, which only requires $1

Final Thoughts: JustMarkets Minimum Deposit in Rands

To summarize, the minimum deposit for JustMarkets in South African Rands varies based on account type:

• ZAR 18.50 (Standard Cent & Standard Accounts)

• ZAR 1,850 (Pro & Raw Spread Accounts)

You can easily start trading with ZAR 200 or less using the Cent account, making it a beginner-friendly platform. All deposits are made in USD, so your ZAR will be converted during the funding process.

JustMarkets offers a low entry point, flexible payment methods, and fast deposit processing, making it accessible for South African traders looking to begin their forex journey.

Frequently Asked Questions (FAQs)

Q: Can I open a JustMarkets account using ZAR as my base currency?

A: No. JustMarkets accounts are in USD, EUR, or other major currencies. ZAR is not supported as a base currency.

Q: What is the lowest amount I can deposit from South Africa?

A: The minimum is $1, which equals about ZAR 18.50, depending on the exchange rate.

Q: Is there any fee for depositing in ZAR?

A: JustMarkets doesn’t charge deposit fees, but your bank or payment processor might charge a currency conversion or transaction fee.

Q: Can I start trading on JustMarkets with ZAR 200?

A: Yes. ZAR 200 is sufficient to open a Standard Cent account and begin trading small positions.

Q: Which payment method is best for South African traders?

A: Bank cards, Skrill, or Neteller offer the fastest and most reliable deposit options for South Africans.

✅ Trade with JustMarkets now: Open An Account or Visit Brokers 👈

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