JustMarkets

JustMarkets is a forex and CFD broker registered in Seychelles and operated by Just Global Markets Ltd., with a founding date of 2009. It runs MetaTrader 4, MetaTrader 5, a web platform and a mobile app, offers four account types starting at a $10 minimum deposit, and offers maximum leverage of 1:3000. Its regulatory footprint is split across several group entities: offshore licences in Seychelles, Mauritius and the British Virgin Islands, a licence in South Africa, and a CySEC licence in Cyprus held by JustMarkets Ltd under number 401/21. Overall, it offers a low entry point, a choice of cost structures and full MetaTrader support. The trade-offs are that its main entity is offshore and its very high leverage needs careful position sizing. Which entity holds your account matters more than any single headline figure, so that is where this review starts.

Who operates JustMarkets

The main contracting entity is Just Global Markets Ltd., registered at Office 10, Floor 2, Vairam Building, Providence Industrial Estate, Providence, Mahe, Seychelles. The official website is justmarkets.com.

The broker describes its execution model as STP (straight-through processing) and NDD (no dealing desk), meaning client orders are passed to liquidity providers rather than filled internally by a dealing desk that takes the opposite side of the trade. Slippage and requotes can still occur during fast markets.

JustMarkets does not accept clients from the United States.

Regulation and licences

JustMarkets operates through several legal entities, each with its own regulator; besides the three below, the site names JustMarkets Ltd, regulated by CySEC in Cyprus, and Just Global Markets (VG) Limited, regulated by the FSC of the British Virgin Islands.

The main licensed entity is Just Global Markets Ltd. under Seychelles licence SD088. The FSCA entity’s licence number is 51114, and the Mauritius entity’s is GB22200881. Confirm each on the regulator’s public register before you deposit. In October 2026, JustMarkets published updated regulation disclosures covering all three entities.

Why the entity matters

A broker brand is not regulated as a whole. Each legal entity is supervised by its own regulator, and the protections that apply to you are those of the entity named in your client agreement. A client onboarded under the Seychelles entity is covered by Seychelles rules, not South African ones, even though the same brand, website and platforms are involved.

Offshore regulators (here, Seychelles and Mauritius) generally impose lighter requirements than major onshore regulators. Offshore jurisdictions are commonly where brokers can offer very high leverage and fewer product restrictions, and the trade-off is typically less intensive supervision and weaker recourse if something goes wrong.

The FSCA is South Africa’s market conduct regulator for financial services firms. It sits in a higher tier than the two offshore regulators in this group, so an account under the South African entity is the more strongly supervised option of the three, assuming you are eligible for it.

Before you open an account, confirm these points in the account opening documents and client agreement for your entity:

• which of the three entities is your counterparty, and which regulator’s rules govern your funds;
• the maximum leverage that applies under that entity, since regulators set their own leverage rules (this matters especially for the FSCA entity);
• the rules on hedging, scalping and trading around news releases, which can affect strategies that open offsetting positions or trade during high-volatility events;
• which methods can be used for withdrawals, and whether funds must be returned to the original deposit method, a common anti-money-laundering requirement at brokers.

The broker’s client funds protection page on its official site describes segregation and related safeguards for each entity.

Account types and trading costs

JustMarkets offers four account types: Standard, Standard Cent, Pro and Raw Spread. All four share the same maximum leverage (1:3000) and the same platform set (MT4, MT5, web and mobile). The differences are in minimum deposit and how you pay to trade.

“Spread from” is a minimum, not an average. Spreads move with liquidity and volatility, and the typical spread during normal hours is what drives your actual cost.

Standard and Standard Cent

Both open from $10 and charge no commission, so the entire trading cost is built into the spread. The Standard account is the general-purpose option.

The Standard Cent account is built for small balances. The balance shows in US cents, so a $10 deposit appears as 1,000 cents, and each pip is worth a fraction of its value on a standard contract. That suits testing a strategy or an Expert Advisor with real execution and little money at risk. Check the contract size in the cent account specification first, because a lot on a cent account does not carry the same notional value as a lot on a Standard account.

Pro

The Pro account requires $200 and has spreads from 0.1 pips with no commission. It sits between Standard and Raw Spread: tighter quoted spreads than Standard, still with a single all-in cost per trade rather than a separate commission.

Raw Spread

The Raw Spread account also requires $200, has spreads from 0.0 pips and charges a commission of $3 per side per lot. Per side means you pay $3 when you open one standard lot and another $3 when you close it, so a complete round trip costs $6 per standard lot in commission, before the spread.

Comparing cost per lot

To compare a spread-only account with a commission account, convert everything into dollars per round trip. For a USD-quoted pair such as EUR/USD, one pip on one standard lot (100,000 units) is worth $10.

Round-trip cost = (spread in pips × $10) + round-trip commission

The spreads below are hypothetical, chosen only to show the mechanics. They are not JustMarkets’ typical spreads.

The commission adds the equivalent of 0.6 pips per round trip on EUR/USD ($6 ÷ $10 per pip). So, assuming one standard lot on a USD-quoted pair, Raw Spread is cheaper than a commission-free account only when its typical spread is more than 0.6 pips tighter than the commission-free account’s typical spread on the same pair at the same time. If the gap is smaller, the commission-free account costs less.

Conflicting EUR/USD spread figures

JustMarkets gives conflicting EUR/USD spread figures. The broker summary quotes EUR/USD from 0.1 pips, matching the Pro account’s minimum. The Standard account is quoted from 0.3 pips in one place, and EUR/USD on Standard from 0.7 pips in another. Treat the Standard EUR/USD spread as somewhere in that range, and check the live quote in the platform during your trading hours before using any of these figures in a cost calculation.

Leverage up to 1:3000

Maximum leverage of 1:3000 applies on all four accounts. Leverage determines how much margin a position ties up:

Required margin = position notional ÷ leverage

Take a hypothetical EUR/USD rate of 1.1000. One standard lot is €100,000, or $110,000 notional.

Leverage changes the margin, not the risk per pip. One standard lot of EUR/USD still moves about $10 per pip at any leverage. What very high leverage does is let a small account open positions far larger than it could survive. With a $200 balance at 1:3000, you could open several standard lots, and a move of 20 pips against a few lots would erase the account. The relevant numbers are account equity, position size and stop distance, which is why sizing a trade with a position size calculator before entering matters more here than at a broker capped at 1:30.

Trading platforms

JustMarkets supports four ways to trade:

• MetaTrader 4: the long-standing forex platform, widely used for Expert Advisors and custom indicators built in MQL4.
• MetaTrader 5: MetaQuotes’ newer platform, using MQL5 for automated strategies. MT4 and MT5 code is not interchangeable, so an EA written for one needs to be rewritten or recompiled for the other.
• Web platform: browser-based trading without installing software.
• Mobile app: trading and account management from a phone.

Every account type gets the same platform choice, so you can pick the account by cost structure without giving up a platform. If you rely on a specific EA or indicator, choose between MT4 and MT5 first, since that decision is harder to change later than the account type.

Markets

Forex is the core instrument class on all four accounts, with major pairs such as EUR/USD, GBP/USD and USD/JPY alongside gold (XAU/USD). The official site also has a separate commodities section. For anything beyond forex and gold, check the contract specifications in the platform, including trading hours and margin requirement, before planning a strategy around it.

Deposits and withdrawals

JustMarkets charges no deposit fee on its side. That does not cover charges your bank, card issuer or payment provider may apply, or currency conversion if you fund in a currency different from your account currency.

Strengths and trade-offs

Strengths

• Low entry point: Standard and Standard Cent accounts open from $10.
• Four cost structures: spread-only accounts at two deposit levels, plus a raw spread account with a stated $3 per side commission.
• Full MetaTrader support: both MT4 and MT5, plus web and mobile, on every account.
• Track record: operating since 2009.
• A Tier-2 licence in the group: the FSCA entity in South Africa offers stronger supervision than the offshore entities.

Trade-offs

• The main entity is offshore: Just Global Markets Ltd. is regulated in Seychelles, and the Mauritius entity is also offshore.
• Very high leverage: 1:3000 lets small accounts take on positions that can wipe out the balance quickly.
• Conflicting EUR/USD spread figures: the broker quotes 0.1, 0.3 and 0.7 pips in different places, so costs need to be checked in the platform.
• No US clients.

How we checked JustMarkets

We visited justmarkets.com on 13 November 2026, connecting from Tallinn, Estonia. We opened the homepage, scrolled to the footer and then went straight to the regulations page. One detail stood out early. Near the top of the homepage, a notice told us that residents of Estonia may register at justmarkets.eu instead, operated by JustMarkets Ltd under CySEC license No. 401/21. The footer names the other subsidiaries. These include Just Global Markets Ltd. in Seychelles under Securities Dealer License number SD088 and Just Global Markets (MU) Limited in Mauritius under license number GB22200881.

On the standard accounts page we read a $10 minimum deposit, spreads from 0.3 pips, no commissions and maximum leverage of 1:3000. Raw Spread, on the professional accounts page, asks for 200$ and charges $3 each side per lot. The homepage showed a EURUSD quote of 0.7. The funding page promises zero commissions on deposits and withdrawals. When we followed the deposit link, the site sent us to a login page instead, so funding requires an account. We did not open one.

Then the registers. CySEC’s list of Cypriot Investment Firms, dated 04 May 2026, shows JustMarkets Ltd with license 401/21, licensed 08/06/2021. In the FSC Mauritius Register of Licensees we found Just Global Markets (MU) Limited as an SEC-2.1B Investment Dealer (Full Service Dealer excluding Underwriting), licensed 16/02/2023. The FSA Seychelles list of securities dealers includes Just Global Markets Ltd., though that public list prints no license numbers, so we could not tie SD088 to the entry. For Just Global Markets (PTY) Ltd and FSP 51114 we could not complete the check, because the FSCA register was down for maintenance that day.

We read Trustpilot on 13 November 2026: 3.5/5 from 4,504 reviews, with 75% five-star and 16% one-star. A split like that deserves caution. The Wayback Machine’s first capture of the domain is from 2004-11-14, which may predate the current brand. We could not confirm the South African license, and anything behind the login stays unverified by us, including live spreads, how fast withdrawals actually arrive and how client funds are held.

Who JustMarkets may suit

Based on its account structure, JustMarkets fits traders who want to start with a small balance, particularly those who want a cent account to test a strategy or EA with live execution and minimal money at risk. The Raw Spread account fits active traders who trade enough volume that a tighter spread plus a fixed $6 round-trip commission comes out cheaper than a wider all-in spread, a condition you can check with the formula above once you know the typical spreads.

It is a weaker fit for traders whose priority is the strongest available regulatory protection, unless they can be onboarded under the FSCA entity. Traders who want onshore supervision from a top-tier regulator may want to compare it with brokers such as IC Markets or XM.