6 minute read
JustMarkets Nigeria: Legal Status, Platforms and Deposits
from JustMarkets
by Exness_India
Yes, JustMarkets is legal for Nigerians to use, it offers MetaTrader 4 and MetaTrader 5 platforms, and you can start trading with a minimum deposit of just $10.
This simple fact is what makes JustMarkets one of the most talked-about brokers in Nigeria. For anyone asking whether they can legally register, trade, and withdraw profits with JustMarkets, the answer is clear: Nigerians are allowed to trade with this offshore-regulated broker, they can access global markets through trusted platforms, and they can start with a very small amount of money.
✅ Trade with JustMarkets now: Open An Demo Account or Visit Brokers 👈
In this article, we will break down the details about JustMarkets’ legal status in Nigeria, the available platforms, account types, deposits and withdrawals, registration steps, and why so many Nigerian traders choose this broker.
Legal Status of JustMarkets in Nigeria
The first concern for many Nigerian traders is legitimacy. Is it legal to use JustMarkets in Nigeria? The answer is yes.
Here’s why:
· International Licensing: JustMarkets operates under the Financial Services Authority (FSA) of Seychelles and complies with international brokerage standards. This ensures transparent operations, secure client funds, and a fair trading environment.
· Local Regulations: Nigeria does not restrict residents from trading with international brokers. The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC Nigeria) regulate domestic financial institutions, but they do not prohibit individuals from accessing offshore brokers.
· Tax Responsibility: Nigerian traders are expected to comply with local tax regulations on earnings, but the act of trading with JustMarkets itself is completely legal.
👉 In short: Nigerians can legally open accounts, deposit money, and withdraw profits from JustMarkets without violating any laws.
Trading Platforms: MT4 and MT5
One of JustMarkets’ strongest points is its support for MetaTrader 4 (MT4) and MetaTrader 5 (MT5), the world’s most widely used trading platforms.
MetaTrader 4 (MT4)
· User-friendly: Easy to use even for beginners.
· Stability: Reliable execution speeds with minimal lag.
· Custom Indicators: Large library of free and paid trading tools.
· Mobile Trading: Available on iOS and Android, enabling Nigerians to trade on the go.
MetaTrader 5 (MT5)
· More Instruments: Supports stocks, indices, and crypto in addition to forex.
· More Order Types: Offers pending orders and advanced trading functions.
· Economic Calendar: Integrated updates for better market awareness.
· Multi-threaded: Faster processing and better charting features than MT4.
Both platforms are available via:
· Desktop terminals (Windows, Mac)
· Mobile apps (iOS, Android)
· WebTrader (browser-based, no installation needed)
👉 For Nigerian traders, this flexibility ensures they can trade whether they have a laptop in an office in Lagos or just a smartphone in Abuja.
Account Types for Nigerian Traders
JustMarkets offers several account types, designed to suit different trading strategies and budgets.
1. Standard Account
· Best for beginners.
· Low spreads starting from 0.3 pips.
· Leverage up to 1:3000.
· Minimum deposit: $10.
2. Pro Account
· Designed for more experienced traders.
· Tighter spreads.
· Faster execution.
· Greater flexibility in trading large volumes.
3. Raw Spread Account
· For scalpers and professional traders.
· Spreads start from 0.0 pips.
· Commission applied per lot traded.
· Ideal for high-frequency strategies.
👉 The availability of multiple account types allows Nigerian traders to scale up as they gain experience, starting small with Standard and moving up to Pro or Raw Spread when ready.
✅ Trade with JustMarkets now: Open An Demo Account or Visit Brokers 👈
Minimum Deposit
One of the biggest attractions of JustMarkets in Nigeria is its low entry requirement. Traders can begin trading with as little as $10.
· Accessibility: Students, fresh graduates, or young professionals can start without needing a large amount of capital.
· Risk Control: Beginners can test strategies with minimal risk before committing larger funds.
· Flexibility: Advanced traders can deposit more to access higher leverage and larger trading volumes.
👉 Compared to other brokers that require $50–$100 as a minimum deposit, JustMarkets’ $10 entry point is one of the lowest in the industry.
Payment Methods in Nigeria
Funding and withdrawing money is one of the most critical aspects of choosing a broker. JustMarkets supports multiple payment methods for Nigerians:
· Local Bank Transfer: Direct deposit from Nigerian banks, avoiding international transfer fees.
· Debit/Credit Cards: Visa and Mastercard widely supported.
· E-Wallets: Skrill, Neteller, Perfect Money.
· Cryptocurrencies: Bitcoin, Ethereum, and other supported coins.
Deposits
· Most deposits are processed instantly.
· No deposit fees from JustMarkets’ side (third-party charges may apply).
Withdrawals
· Typically processed within 24 hours.
· Local bank transfer withdrawals are popular in Nigeria due to speed and convenience.
👉 This flexibility ensures Nigerians can fund their accounts easily in Naira or USD equivalents, without worrying about complex international banking restrictions.
How to Register with JustMarkets in Nigeria
Opening an account with JustMarkets is straightforward. Here’s a step-by-step guide:
1. Go to the Official JustMarkets Website 👈
Click on “Open Account.”
2. Fill Out Basic Information
Enter your name, email address, and phone number.
3. Verify Identity (KYC)
Upload a valid Nigerian ID (Passport, National ID, or Driver’s License).Provide proof of address (utility bill or bank statement).
4. Choose Your Account Type
Select Standard, Pro, or Raw Spread depending on your goals.
5. Make Your First Deposit
Start with as little as $10 using your preferred payment method.
6. Download Trading Platform
Install MT4 or MT5 on your device and log in.
👉 The entire registration process usually takes less than 15 minutes if documents are ready.
Why Nigerians Choose JustMarkets
So why is JustMarkets one of the fastest-growing brokers in Nigeria?
1. Legality & Safety – Licensed offshore with global credibility.
2. Low Minimum Deposit – Start with only $10.
3. Trusted Platforms – MT4 and MT5 are industry standards.
4. Multiple Account Types – From beginners to pros.
5. Convenient Payment Options – Including local bank transfers.
6. High Leverage (up to 1:3000) – Offers more flexibility for experienced traders.
7. Educational Resources – Market analysis, webinars, and guides to support Nigerian beginners.
8. Customer Support – 24/7 multilingual assistance, including support for African traders.
👉 These advantages make JustMarkets particularly attractive for Nigeria’s growing online trading community.
Risks and Things to Keep in Mind
While JustMarkets is legal and accessible, Nigerian traders should also be aware of the risks:
· Forex and CFDs are high-risk instruments. It’s possible to lose more than your initial investment if leverage is misused.
· Regulation is offshore. While legal, it does not provide the same level of protection as a broker directly licensed by Nigerian authorities.
· Currency exchange fees. Deposits in Naira may incur conversion charges if trading in USD.
👉 Always practice risk management, start small, and never trade money you cannot afford to lose.
Final Thoughts
JustMarkets has become one of the most accessible brokers for Nigerian traders, thanks to its legal international regulation, industry-leading platforms (MT4/MT5), flexible account types, and ultra-low $10 minimum deposit. With multiple payment methods, including local bank transfer and crypto, Nigerians can fund and withdraw without hassle.
For beginners, JustMarkets offers an affordable entry point into global markets. For professionals, it provides the flexibility of raw spread accounts and advanced platforms.
In summary: JustMarkets Nigeria is legal, reliable, and beginner-friendly, making it an excellent choice for anyone looking to start or grow their trading journey.
✅ Trade with JustMarkets now: Open An Demo Account or Visit Brokers 👈
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