Is JustMarkets Legit and Safe? Regulation and Fund Safety Checked
By BrokaBoy Research Team · Reviewed 14 October 2026 · Updated 14 October 2026 · 5 min read
JustMarkets (formerly JustForex) is a legitimate broker group with licences from CySEC, the FSCA, the Seychelles FSA and the Mauritius and BVI FSCs. Most clients outside the EU are onboarded by an offshore subsidiary, which offers negative balance protection but no published compensation scheme.
JustMarkets is a real broker group, formerly JustForex
EU clients get CySEC protection and the Investor Compensation Fund
Most other clients sign with offshore entities in Seychelles, Mauritius or BVI
Check the company named on the registration page and Personal Area footer
Ignore third-party 'partner code' bonus offers
Short answer
JustMarkets is a real, operating broker group, not a fly-by-night scam site. It was previously known as JustForex and rebranded in 2022, and it publishes five licensed companies in its legal disclosures. The catch is that most traders outside Europe do not open an account with the CySEC-regulated company. They sign up with an offshore subsidiary in Seychelles, Mauritius or the British Virgin Islands, where the rules and the safety net are much thinner. So "is JustMarkets legit?" has a clear yes. "Is my money as safe as it would be with a top-tier regulated broker?" depends entirely on which entity holds your account.
The JustMarkets group, entity by entity
These are the companies JustMarkets lists on its regulation page and in its Help Center (checked October 2026). We could not open the regulators' own registers with our tools, so the licence numbers below are the ones JustMarkets publishes. Search them yourself on each regulator's website before you deposit.
Company
Regulator
Licence / reference
Type of licence
Likely clients
JustMarkets Ltd (Limassol, Cyprus)
CySEC (Cyprus)
401/21
Cyprus Investment Firm
EU/EEA residents, via justmarkets.eu
Just Global Markets (PTY) Ltd
FSCA (South Africa)
FSP 51114
Financial services provider
Listed as the South African entity
Just Global Markets Ltd
FSA (Seychelles)
SD088
Securities dealer
International clients (this is the broker name shown in MetaTrader)
Just Global Markets (MU) Limited
FSC (Mauritius)
GB22200881
Investment dealer
International clients
Just Global Markets (VG) Limited
FSC (British Virgin Islands)
SIBA/L/24/1177
Investment business licence
International clients
GMFT Services Ltd (Cyprus)
None
—
Payment processing and content
Not a broker; does not hold your trades
JustMarkets does not publish a country-by-country map of which entity takes which client. Its Help Center says the contracting company is shown on the registration page before you click "Continue", and afterwards in the footer of your Personal Area. That footer is the single most important thing to check.
One detail worth knowing: the South African FSCA entity appears on the regulation page and in the Help Center, but not in the list of subsidiaries in the main website footer. Being authorised as an FSP in South Africa does not automatically mean a South African resident's account is booked with that company, so confirm the name in your own agreement.
What protection you actually get
Protection
CySEC entity (EU clients)
Offshore entities (FSA, FSC Mauritius, FSC BVI)
Segregated client money
Required by EU rules
Stated by JustMarkets; banks not named
Negative balance protection
Yes (mandatory for EU retail)
Stated by JustMarkets on its client-protection page
Compensation scheme
Investor Compensation Fund member (cover up to €20,000 for eligible clients)
None mentioned
Leverage cap for retail
1:30 on major FX, 1:20 on gold and major indices, 1:2 on crypto
Up to 1:3000, tiered by equity
Bonuses allowed
No
Rewards programme exists in the Personal Area
Published loss statistic
69.19% of retail CFD accounts lose money (justmarkets.eu, Oct 2026)
Not published
In practice, that means an EU client gets the full ESMA retail package. A client of Just Global Markets Ltd in Seychelles relies on JustMarkets' own policies plus a lighter-touch offshore regulator. If the broker failed, there is no published compensation fund to fall back on.
Red flags we looked for, and what we found
Regulator warnings. We searched for warnings from European national regulators against the JustMarkets name and did not find one tied to the group's entities at the time of writing. That is not a guarantee; check your own regulator's warning list too.
Restricted countries. JustMarkets says it does not accept residents of Australia, Canada, Japan, India, the United Kingdom or the United States, or sanctioned countries. A broker that turns away the strictest jurisdictions is common in the offshore model, but it tells you something: UK and Australian protections are simply not available here.
Withdrawal complaints. Like every high-leverage broker, JustMarkets has public complaint threads about delayed or rejected withdrawals. Most disputes we see across the industry come from verification gaps, third-party payments or the "same method" rule. JustMarkets' own AML policy requires deposits to be withdrawn back to the same method up to the amount deposited. Read our JustMarkets withdrawal guide before you fund the account.
Impersonation. Search results for "JustMarkets bonus code" are full of pages on unrelated websites advertising 20–30% "partner code" bonuses. None of them come from JustMarkets. Treat anyone who contacts you on Telegram or WhatsApp offering to manage a JustMarkets account for you as a scam. See how to spot forex scams.
How to verify JustMarkets yourself in five minutes
Start the registration on the JustMarkets site and note the company name shown before "Continue".
Open the matching regulator's register: CySEC for the Cyprus company, the FSCA FSP search for 51114, the Seychelles FSA licensee list for SD088, or the FSC Mauritius and BVI FSC registers.
Confirm the company name, licence number and status ("authorised" or "licensed", not "withdrawn").
Check that the registered website domains match the site you are on. Clone sites often copy licence numbers.
After opening the account, check the footer of the Personal Area and your client agreement show the same company.
Say you deposit $2,000 and trade gold with 1:1000 leverage on an offshore account. A sharp move overnight takes your account to −$300 before the stop-out fills. Under JustMarkets' stated negative balance protection, that −$300 is reset to zero, so you lose your $2,000 but owe nothing more. Now imagine the broker itself failed. An EU client at JustMarkets Ltd could claim from the Cyprus Investor Compensation Fund, subject to its rules and limit. An offshore client would join the queue of creditors. That second risk is small for a large, long-running group, but it is the real difference between "legit" and "fully protected".
Who JustMarkets is reasonable for, and who should look elsewhere
Reasonable fit: traders in Africa, Asia, the Middle East and Latin America who want small minimum deposits ($10 for Standard and Standard Cent), MT4/MT5 and local payment methods, and who understand they are dealing with an offshore entity. Keep only what you need for trading on the account, and withdraw profits regularly.
Think twice: if you want a compensation scheme, a tier-1 regulator or strict leverage caps outside the EU. A broker group with FCA, ASIC or similar authorisation that actually accepts your country will give you more protection, at the cost of lower leverage.
JustMarkets is a legitimate broker with real licences, a decade-plus operating history under its old and new names, and clear restrictions on where it operates. Its weakness is structural rather than suspicious. Outside the EU you will almost certainly be a client of an offshore subsidiary, so treat your balance as exposed to the broker's own conduct. Check your entity, avoid "bonus codes" from third parties, test a small withdrawal early, and you will have done what a careful trader should.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Full risk disclosure.
Yes. JustMarkets lists JustMarkets Ltd (CySEC 401/21), Just Global Markets (PTY) Ltd (FSCA FSP 51114), Just Global Markets Ltd (Seychelles FSA SD088), Just Global Markets (MU) Limited (FSC Mauritius GB22200881) and Just Global Markets (VG) Limited (BVI FSC SIBA/L/24/1177). Which one covers you depends on your country of residence.
Is JustMarkets a scam?
No. It is a long-running broker that rebranded from JustForex in 2022 and holds several licences. The scam risk comes from third parties using its name: fake account managers, Telegram signal groups and websites selling 'partner codes' for big bonuses. JustMarkets does not manage money for clients, so treat such offers as fraud.
Is my money safe with JustMarkets?
JustMarkets says client funds are held in segregated bank accounts and that negative balance protection applies. EU clients of the CySEC entity are also covered by the Investor Compensation Fund. Offshore clients have no published compensation scheme, so keep only your trading capital on the account and withdraw profits regularly.
Can I use JustMarkets in the UK, US or Australia?
No. JustMarkets states that it does not provide services to residents of Australia, Canada, Japan, India, the United Kingdom, the United States or sanctioned countries. Residents of those countries should use a broker authorised by their local regulator, such as the FCA, NFA/CFTC or ASIC.
Which JustMarkets entity will I be with?
JustMarkets does not publish a country list. The company you are contracting with is shown on the registration page before you click Continue, and afterwards in the footer of your Personal Area. EU and EEA residents are onboarded by JustMarkets Ltd through justmarkets.eu. Most others are onboarded by one of the offshore subsidiaries.
