6 minute read
JustMarkets Singapore: Legal Status, Platforms and Deposits
from JustMarkets
by Exness_India
Yes, JustMarkets is legal and available for traders in Singapore. Although the broker is not licensed by the Monetary Authority of Singapore (MAS), Singapore residents are free to open accounts, deposit funds, and trade on its platforms under international regulation. This makes JustMarkets a viable choice for local traders who want low deposit requirements, flexible account types, and access to MetaTrader 4, MetaTrader 5, and the broker’s own trading app.
✅ Trade with JustMarkets now: Open An Demo Account or Visit Brokers 👈
In this article, we’ll cover everything Singaporean traders need to know: legal status, available platforms, account types, minimum deposit, payment methods, registration process, and the main reasons why JustMarkets stands out in Singapore.
Is JustMarkets Legal in Singapore?
The first question any trader in Singapore asks is simple: Is JustMarkets legal to use?
The answer is: Yes, Singaporeans can trade with JustMarkets legally.
Here’s why:
· Not MAS-regulated: The Monetary Authority of Singapore (MAS) is the domestic regulator for financial services. JustMarkets does not hold a MAS license.
· International Regulation: Instead, JustMarkets operates under several respected regulators:
o CySEC (Cyprus) – European standards, investor protection.
o FSA (Seychelles) – regulates global forex operations.
o FSC (Mauritius) – ensures compliance and financial transparency.
o FSCA (South Africa) – one of Africa’s strongest regulators.
This setup is common for many international brokers in Singapore. Traders are legally allowed to open accounts as long as the broker accepts Singapore residents—which JustMarkets does.
👉 Conclusion: While not locally licensed, JustMarkets is internationally regulated, safe to use, and fully accessible for Singapore traders.
Platforms Available for Singapore Traders
Trading platforms are the backbone of any broker. JustMarkets offers three main options:
MetaTrader 4 (MT4)
· The most popular forex platform worldwide.
· Trusted for stability and speed.
· Perfect for beginners and pros who use Expert Advisors (EAs).
· Features: 9 timeframes, 30 built-in indicators, one-click trading.
MetaTrader 5 (MT5)
· An upgrade to MT4 with more functionality.
· Includes 21 timeframes, 38 indicators, depth of market (DOM), and integrated economic calendar.
· Suited for traders who want multi-asset trading (forex, stocks, crypto, indices).
JustMarkets Mobile App
· Available on iOS and Android.
· Features over 260 instruments.
· Intuitive interface, multilingual support.
· Includes demo trading, making it ideal for practice.
· Singaporean traders benefit from on-the-go trading with instant order execution.
👉 In short: MT4 for simplicity, MT5 for advanced tools, and the JustMarkets App for mobile convenience.
Account Types in Singapore
JustMarkets offers four account types—each designed for different trader profiles.
1. Standard Cent
· Minimum deposit: $10
· Trades in cents instead of full dollars.
· Best for beginners testing strategies with minimal risk.
· Spread: from 0.3 pips.
2. Standard Account
· Minimum deposit: $10
· Popular choice for retail traders in Singapore.
· Access to forex, commodities, indices, and crypto.
· No commission.
· Ideal for those who want to trade with moderate risk and flexibility.
3. Pro Account
· Minimum deposit: $100–$200 (depending on funding method).
· Spread: from 0.1 pips.
· No commission.
· Best for experienced traders who want better pricing and faster execution.
4. Raw Spread Account
· Minimum deposit: $100–$200.
· Spread: 0.0 pips on major currency pairs.
· Commission: $3 per side per lot.
· Designed for scalpers and high-volume traders.
👉 Which to choose?
· Beginners → Standard Cent.
· Intermediate retail traders → Standard.
· Professional traders → Pro or Raw Spread depending on strategy.
✅ Trade with JustMarkets now: Open An Demo Account or Visit Brokers 👈
Minimum Deposit and Base Currencies
The minimum deposit is one of JustMarkets’ biggest advantages:
· Standard Cent → $10
· Standard → $10
· Pro → $100–$200
· Raw Spread → $100–$200
💡 Note: JustMarkets accounts are primarily in USD and EUR. SGD is not yet supported as a base currency, but Singaporean traders can deposit in SGD—funds will automatically be converted to USD or EUR.
Payment Methods in Singapore
Funding and withdrawals are critical. JustMarkets provides several convenient options:
· Bank Cards: Visa, MasterCard (instant processing).
· E-wallets: Skrill, Neteller, Perfect Money, SticPay.
· Cryptocurrencies: Bitcoin, Ethereum, USDT, and more.
· Bank Transfers: May take longer, depending on the bank.
Deposit Times
· Cards and e-wallets: instant.
· Crypto: depends on blockchain confirmation.
· Bank transfer: usually 1–3 business days.
Withdrawal Times
· Most e-wallets: processed within a few hours.
· Cards and bank transfers: up to 1 business day.
👉 JustMarkets does not charge internal fees for deposits/withdrawals, though third-party providers may apply charges.
How to Register with JustMarkets in Singapore
Opening an account is simple and fast. Here’s the step-by-step:
1. Go to JustMarkets’ official site 👈 and click Sign Up.
2. Enter your personal details: name, email, country (Singapore), phone number.
3. Set a password and confirm via email verification.
4. Verify your identity (KYC): upload a government-issued ID (passport, NRIC, or driver’s license) and proof of address (bank statement or utility bill).
5. Choose your account type: Cent, Standard, Pro, or Raw Spread.
6. Deposit funds using your preferred method.
7. Download MT4, MT5, or use the JustMarkets App to start trading.
💡 Tip for Singaporeans: Use your SingPass-linked bank statement for faster verification—usually approved within 24 hours.
Why Choose JustMarkets in Singapore?
Here’s why many Singapore traders prefer JustMarkets over competitors:
1. Accessibility
Fully available in Singapore with no trading restrictions.
2. Low Entry Barrier
Start trading with just $10, making it risk-friendly for beginners.
3. Account Flexibility
From Cent accounts for learning to Raw Spread for pros, there’s something for every trader.
4. Cutting-Edge Platforms
MT4, MT5, and the proprietary app cover all devices and trading styles.
5. Wide Asset Selection
Forex, commodities, indices, crypto, and shares—all in one broker.
6. Transparent Costs
Tight spreads, clear commissions, and no hidden deposit fees.
7. Regulated and Trusted
Operates under multiple international regulators, ensuring fund safety.
Frequently Asked Questions (FAQ)
1. Is JustMarkets safe for Singapore traders?
Yes. Though not MAS-regulated, it is licensed by CySEC, FSC, FSA, and FSCA—strong international regulators.
2. Can I deposit in SGD?
Yes, but your funds will be converted to USD or EUR, depending on your chosen account.
3. How fast are withdrawals?
Most e-wallets process within hours. Bank transfers may take 1–3 business days.
4. Is there a demo account?
Yes, JustMarkets offers unlimited demo accounts—perfect for practice.
5. What is the best account for beginners in Singapore?
The Standard Cent account with a $10 minimum deposit is ideal for learning with minimal risk.
Final Thoughts
For Singapore traders, JustMarkets is a reliable, legal, and beginner-friendly broker.
· It is accessible even without MAS regulation.
· It provides MT4, MT5, and its own app.
· Minimum deposits start at just $10, with flexible account choices.
· Multiple funding methods make deposits and withdrawals easy.
Whether you’re a new trader learning the ropes or an advanced scalper seeking raw spreads, JustMarkets provides a strong trading environment in Singapore.
✅ Trade with JustMarkets now: Open An Demo Account or Visit Brokers 👈
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