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Chris Cammack
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Author
Chris Cammack
Edited by
Chris Cammack
Partner Manager and Financial Writer

Chris Cammack is the Partner Manager and a financial writer at FxScouts. Chris builds and maintains our relationships with our partners to provide our users with the best Forex trading experience.

Learn more about Chris Cammack
Author
Author
Alison Heyerdahl
Head of Content

Alison Heyerdahl is the Head of Content at FxScouts, a Chartered Market Technician (CMT), and an experienced trader, as well as a financial writer with extensive expertise in Forex trading, broker analysis, and market research. She has reviewed 100+ brokers, publishes weekly YouTube trading videos, and co-hosts the “Let’s Talk Forex” podcast.

Learn more about Alison Heyerdahl

JustMarkets

JustMarkets
3.58
Rate & review
How we review
Accepts South African Clients. Average spread EUR/USD 1.00 pips on trading account with lowest minimum deposit of 1 USD. Max leverage 3000:1. Islamic account available. MT4/MT5 platform supported. JustMarkets is not regulated.
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Forex and CFD trading is high risk and most traders lose money

Available to traders in %s

Min deposit

USD 1

Regulated By

FSA-Seychelles, CySEC, VFSC

Trading Cost

USD 10

Leverage

3000:1

Copy Trading

Yes

Platforms

MT4, MT5

Instruments

Commodities, Cryptocurrencies, Stock CFDs, Forex, Futures ( )
Indices, Metals

JustMarkets Broker Review

With a number of low-deposit accounts and low trading costs, JustMarkets appeals to beginner traders familiar with the MT4 and MT5 platforms. However, traders should note that because JustMarkets is only registered with the Financial Services Authority of St Vincent and the Grenadines, the broker is essentially unregulated.


An STP broker, JustMarkets offers trading on indices, commodities, cryptocurrencies, share CFDs, futures, and over 66 Forex pairs, which should satisfy most traders. 


JustMarkets offers 7 live accounts on the MT4/MT5 trading platforms with minimum deposits starting at 1 USD, and spreads of only 1.00 pips (EUR/USD) on its beginner-friendly Cent Account. Trading costs improve further on its Pro and Raw Spread accounts, with spreads of 0 pips (EUR/USD) in exchange for a commission of 6 USD (round turn) and minimum deposit requirements of 100 USD. However, leverage is up to 3000:1 for Forex on most account options, but in combination with the low minimum deposits, leverage this high will greatly increase the risk of an account wipeout, so beginner traders should be careful.


Notably, JustMarkets’s responsive customer support is available 24/7 to help with any technical or account queries, but its educational content is limited, forcing traders to self-educate with other third-party materials.
Accepts South African Clients. Average spread EUR/USD 1.00 pips on trading account with lowest minimum deposit of 1 USD. Max leverage 3000:1. Islamic account available. MT4/MT5 platform supported. JustMarkets is not regulated.

Cons

  • Not properly regulated
  • Limited education
  • Limited market analysis
  • Extreme leverage
Rating Reviews
3.58

JustMarkets Overall Summary

Trust Rating
4
Trading Conditions
3
Platforms
4.5
Education
3.5
Beginner Friendly
2
Assets Available
4.5
Analysis Research
5
Deposit & Withdrawal
1
Overall Rating
3.58
/ 5
Base Currencies
USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR
Number of FX Pairs
65
Crypto Pairs
14
Copy Trading
Yes
Hedging Allowed
Yes
Scalping Allowed
Yes
Islamic Account
Yes
Account Name
MT4 Pro
Commission
6 USD round turn
EUR/USD
0.60
GBP/USD
0.70
USD/JPY
1.00
Negative Balance Protection
Yes
Company Name
GM Global Limited
Founded
2012
Website
https://justforex.com
Website Language
Arabic, English, Spanish, French, Indonesian, Portuguese, Chinese, Malay, Vietnamese, Thai, Japanese
Support Language
English
Office Locations
Seychelles
Support Email Address
[email protected]
FP Markets FP Markets

Deposit & Withdrawal

banktransfer
bitcoin
mastercard
neteller
perfectmoney
skrill
sticpay
visa

Supported Platforms

Best MT4 Forex Brokers
Best MT5 Forex Brokers
JustMarkets

Ready to trade with JustMarkets?

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We consider JustMarkets a high-risk broker because South African traders have no recourse in the event of a dispute with the company.

Is JustMarkets Safe?

Regulation: Founded in 2012, JustMarkets was unregulated for almost 10 years, briefly holding a licence from the FSC (Belize) in 2013.

The company recently received a licence from the FSA of Seychelles, through which South African traders are onboarded. While the FSA regulates brokers, it is not considered a strict regulator and only requires brokers to demonstrate $50,000 in operating capital. Importantly, South African traders will have few resolution options if they end up in a dispute with JustMarkets. 

Safety Features: According to its website, JustMarkets segregates all funds from the company’s operating capital and offers negative balance protection to all its clients.   

Overall, for traders looking for a trustworthy and reliable trading environment, we recommend looking at Pepperstone and XM as alternatives.

Opening an Account at JustMarkets

The account-opening and verification process at JustMarkets is seamless and accounts are ready for trading immediately. 

All South African residents are eligible to open an account at JustMarkets, as long as they meet the following minimum deposit requirements:

  • MT4 Standard Cent Account: 1 USD
  • MT4 Standard Account: 1 USD
  • MT4 Pro Account: 100 USD
  • MT4 Raw Spread Account: 100 USD
  • MT5 Standard Account: 1 USD
  • MT5 Pro Account: 100 USD
  • MT5 Raw Spread Account: 100 USD
  1. From the JustMarkets homepage, click on the ‘Registration’ tab, and you will be directed to register an account with a name, email address, and password.  
  2. Next traders must complete a profile with their name, telephone number, and date of birth.
  3. Traders can then deposit funds into their accounts and begin trading.  
  4. To use the full range of services available at JustMarkets and to be able to withdraw funds, JustMarkets requires the following documents:
    1. Identification – High-resolution scanned copies or photos of an identity document, which verifies your person with a full name, photo, signature, date of birth, and expiration date that are clearly visible and valid for at least six months from the moment of application.
    2. Address of Residence – High-resolution scanned copies or photos of a document where your full name and address are clearly visible and match the data indicated in your profile. The document should be issued no later than three months ago.
    3. Credit Card—Credit Card verification is not required for CUP (China Union Pay) cards. Please note: card verification is required only if you want to use Visa/MasterCard as a deposit and withdrawal method. 

Overall, JustMarkets’s account-opening process is fully digital and hassle-free, and accounts are ready for immediate trading.

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JustMarkets’s Trading Instruments

JustMarkets offers a limited number of financial instruments compared to other brokers.

Available Assets and Leverage

Leverage: The three beginner-friendly Standard Accounts have low minimum deposits and leverage of up to 3000:1, which is extreme. With low minimum deposits, leverage this high will greatly increase the risk of an account wipeout, so beginner traders should be careful.

 
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JustMarkets Accounts and Trading Fees

JustMarkets offers seven live accounts, a huge range compared to other similar brokers, but its trading fees are around the industry average.  

Trading Fees

JustMarkets’s accounts have minimum deposits ranging between 1 and 100 USD, making them accessible to most traders. Spreads start at 1 pip (EUR/USD) on its entry-level accounts, which is reasonable, and tighten to 0.6 pips on its Pro Accounts, which is low for the industry. 

As you can see, JustMarkets’s trading costs are average compared to other brokers. The ongoing costs on the Standard Accounts are slightly higher than other brokers, but the minimum deposits are negligible. The ongoing trading costs on the Pro Accounts are lower than average, but the minimum deposits are higher but still in line with what beginners would be happy to pay.

Account Types

For ease of reading, we have grouped the MT4/MT5 accounts together, as the trading conditions are similar.  

MT4 Standard Cent Account

The MT4 Standard Cent account is designed for traders-beginners.  On this account, trading is denominated in US Cents.  The minimum deposit is 1 USD, leverage is up to 1000:1, spreads are average- starting at 1.00 pips – and no commission is charged.  Note that lots are measured as 1,000 USD, and minimum transaction orders are 0.01 cent lots.  

MT4/MT5 Standard Accounts

The minimum deposit on the Standard Account is 1 USD.  Leverage is high on this account, up to 3000:1, spreads start at 1 pip on the EUR/USD, which is wider than other brokers, no commissions are charged, and the minimum transaction is 0.01 lots.

MT4/MT5 Pro Accounts

The minimum deposit on the Pro Accounts is 100 USD.  Spreads start at 0.6 pips (EUR/USD), which is tighter than other brokers, leverage is 3000:1, and accounts can be denominated in 11 currencies, including ZAR. Pro accounts are commission-free, and the minimum order is 0.01 lots.

MT4/MT5 Raw Spread Accounts

Raw Spread accounts are ECN accounts on which a commission is charged – 3 USD per lot/side.  The minimum deposit on this account is 100 USD, leverage is 3000:1, spreads start at 0 pips, and accounts can be denominated in 11 currencies, including ZAR.  These trading costs are also much lower than other brokers.  

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JustMarkets's Trading Platforms

JustMarkets’s trading platform support is average compared to other brokers.  

Mobile Trading Platforms

JustMarkets’s mobile trading platforms are average compared to other similar brokers.  It offers mobile versions of MT4 and MT5 but no in-house mobile trading solutions.  

JustMarkets offers support for MT4 and MT5 mobile trading apps for Android and iOS. Traders should be aware that there is some loss in functionality when compared to the desktop trading platforms, including reduced time frames and fewer charting options, but traders can close and modify existing orders, calculate profit and loss, and trade on the charts. 

Trading Platform Comparison

Broker
Platform Choice
Copy Trading
Platforms
JustMarkets
4.5
/ 5
Read Review
Yes
MT4
MT5
FP Markets
5
/ 5
Read Review
Yes
MT4
MT5
cTrader
TradingView
XM
4.5
/ 5
Read Review
Yes
MT4
MT5

Desktop Trading Platforms

JustMarkets’s trading platform support is average compared to other brokers.  

JustMarkets offers support for the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms on both Android and iOS.  As the most widely used platforms on the market, they are simple to navigate yet offer a powerful range of features, charts, and analysis tools. MetaTrader allows immediate and accurate access to international financial markets and delivers feature-rich, user-friendly interfaces designed to fulfill all trading needs and boost trading performance.

MT4 and MT5

There is some loss in functionality when compared to the desktop versions of these trading platforms, including reduced timeframes and fewer charting options.

Overall, although JustMarkets only offers the Metatrader suite of platforms, which are not as beginner-friendly as the proprietary platforms offered at other brokers, MT4 and MT5 are considered some of the best third-party platforms in the industry.

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JustMarkets Deposits and Withdrawals

JustMarkets has a vast range of payment methods, and its processing times are fast, but traders report that they sometimes have issues withdrawing funds.

Account Currencies and Funding Options

Like all other brokers, Anti-Money Laundering rules and regulations are followed.  

Trading Account Currencies: While JustMarkets offers a huge range of trading account currencies, the MT4 Standard Cent Account is only denominated in US cents.  The other six trading accounts are denominated in 11 currencies, including USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, and ZAR. This is a huge range compared to other similar brokers and good for South African traders who will be able to avoid paying currency conversion fees on deposits and withdrawals. 

Deposits and Withdrawals: JustMarkets does not charge deposit or withdrawal fees except on cryptocurrencies.  Most deposits are instant, and JustMarkets takes one to two hours to process withdrawals during business hours. JustMarkets offers the following methods for deposits and withdrawals:

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JustMarkets’s Research and Trading Tools

JustMarkets offers a limited range of trading tools compared to other Forex brokers but JustMarkets’s market analysis materials are better than many other brokers.  They are comprehensive and frequently updated.

Trading Tools

JustMarkets offers support for a social trading platform, MAM accounts, and a VPS hosting service.  Other brokers also offer additional tools such as Trading Central or Autochartist to help traders make better trading decisions.

Social Trading

Social trading is a service that allows investors to follow the trading strategy and copy the trades of professionals, also known as signal providers. JustMarkets provides a list of signal providers that are rated based on various criteria: trading period, maximum drawdowns, best trades, profit factor. Top-ranked signal providers are displayed first in the list.

Usually, the actions of experienced Forex traders are used as a guide for beginners. It reduces the time for market research and analytics before trading on Forex. Social trading is useful for traders without time for training or making independent investment decisions. 

MQL5 Signals is a product from the developers of MetaTrader 4, which allows followers to copy the signals of successful traders and copy their transactions directly from the MetaTrader terminal. 

MAM Accounts

JustMarkets offers an account management service to its clients, allowing account managers to trade on their behalf. Multi Account Manager (MAM) is the software that allows fund managers, money managers, and portfolio managers to manage multiple trading accounts simultaneously with one trading account.

The MAM software provides all the features of the regular MT4 platform, including the usage of charting packages and expert advisors. All processing is centralized and server-based, hundreds of accounts can be traded with one click, and there is virtually no delay in allocations.

ForexVPS

JustMarkets recommends using a VPS service provided by Vultr.com.  Traders will have to contact the VPS provider directly to find out the costs associated with using the service.

VPS services ensure that trades are never disrupted by technological or connectivity issues, such as load-shedding or internet service failure. This benefits algorithmic traders who need to be connected to a server 24/7 to maximise uptime.  Other benefits of the VPS service include:

  • 24/6 VPS email support
  • 24/7 Redundant power to your VPS
  • 24/7 Redundant internet connectivity to your VPS
  • Low latency connectivity to FP Markets trading servers for precision trading
  • Uninterrupted EA trading

Overall, JustMarkets could add more tools to its trading arsenal to help clients make better trading decisions. Brokers such as Pepperstone and XM provide a range of trading tools to help traders make better decisions.

Trading Tools Comparison

Broker
Economic Calendar
Autochartist
Trading Central
Trading View
Free VPS
VPS services are usually offered free with a minimum trade volume, otherwise a monthly subscription fee will apply. VPS services are usually hosted by third-party companies.
JustMarkets
Yes
No
No
No
Yes
FP Markets
Yes
Yes
No
Yes
Yes
XM
Yes
No
Yes
No
Yes

Market Analysis

JustMarkets provides an up-to-date Market Overview, Market News, and technical analysis, as well as daily forecasts and an economic calendar.  

JustMarkets’s in-house team of analysts provides updates on various market events.  These materials are updated daily and are freely available to all visitors to the site.

Traders receive multiple updates throughout the trading day, including brief fundamental summaries, technical trading alerts, and cryptocurrency analysis. Some content is text-only, and the rest includes charts and trading ideas.

JustMarkets also offers an economic calendar, a comprehensive log of all scheduled macroeconomic releases.

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JustMarkets’s Educational Material

JustMarkets’s educational materials are average compared to other brokers, and it is neither well-structured nor well-organised, but it offers an unlimited demo account.  

JustMarkets for Beginners

JustMarkets provides beginner traders with various educational materials, including training webinars, educational videos, a glossary of terms, and an array of articles.  

  • Forex Articles: JustMarkets offers many articles, and while the quality of the content is decent, it is difficult to find what you are looking for.  
  • Educational videos: JustMarkets’s videos comprise 5 short tutorials on using the MetaTrader platforms.
  • Training webinars: Although it states that it offers webinars, traders can only find an archive of previous webinars linked to JustMarkets’s YouTube channel.  There are no future webinars scheduled.  
  • Demo Accounts: JustMarkets allows traders to test their strategies by opening a free demo account. Demo trading is a simulation of real Forex trading.  Traders are given a virtual currency balance of 5,000,000 USD and unlimited time to gain experience on the Metatrader platforms, using all account options without the risk of losing real money. 

Overall, for traders that are seeking top-class multi-format educational materials, we recommend looking at Pepperstone or XM instead.

Education Comparison

Broker
Beginner Course
Advanced Course
Well Structured Education
Education Quality
Webinars
JustMarkets
Yes
Yes
Yes
High
No
FP Markets
Yes
No
Yes
High
Yes
XM
Yes
Yes
Yes
High
Yes
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JustMarkets’s Customer Service

For the purposes of this review, we found customer service responsive, polite, and extremely helpful.

24/7 Customer Support

JustMarkets offers support in five different languages: English, Malaysian, Indonesian, Russian and Chinese.  Help is available 24/7 (only in English) and during business hours for Indonesian and Malay via telephone, email, messenger, and live chat.  JustMarkets also offers a call-back option. 

How We Score and Rank Forex Brokers

At FxScouts, our Broker Score and Trust Rating are designed to provide traders with an objective, data-driven evaluation of forex brokers. We continuously refine our methodology to reflect market changes, ensuring transparency and accuracy in our rankings.

Our independent review process analyzes 200+ data points across seven key categories, incorporating:

  • Regulation & Trustworthiness – Regulatory status, security measures, and broker reputation
  • Trading Costs & Fees – Spreads, commissions, and hidden charges
  • Platforms & Execution – Trading tools, execution speed, and user experience
  • Asset Selection: Forex, stocks, and other available instruments
  • Deposit & Withdrawal – Processing times, local banking support, and transaction costs
  • Education & Research – Quality of learning resources for beginners and experienced traders
  • Customer Support – Response times, multilingual service, and problem resolution


To ensure fairness and transparency, we independently verify broker claims and integrate real-user feedback, regulator data, and live trading tests. The radar chart to the left illustrates the weight of each category in our final scoring system.

Why Our Reviews Set the Standard

Every broker we recommend meets strict trust and safety criteria and is tested for reliability, transparency, and overall trading experience.

JustMarkets Risk Statement

JustMarkets Risk Statement

Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. JustMarkets would like you to know that: Trading on the Forex market is connected with risk.  Investments can fall and rise. You may get back less than you invested. Past performance is no guarantee of future results. Clients should be aware that trading through JustMarkets carries a high risk of losing money on the Forex market.

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Meet the Experts Behind Our Unbiased Reviews

Chris Cammack

Partner Manager and Financial Writer

Chris Cammack
Chris Cammack is partner manager and senior financial writer at FxScouts, specialising in broker relations and forex market analysis. As the former Head of Content (2019–2024), he set editorial standards for all content published at FxScouts, including broker reviews, broker comparison pages and education. With over a decade of experience in editorial management and partner relations, Chris builds and maintains our relationships with our partners to provide the best Forex trading experience for our users. Healso co-hosts the “Let’s Talk Forex” podcast with Alison Heyerdahl, where he explores trading strategies, industry news, and macroeconomic trends to help traders navigate the markets with confidence.

Alison Heyerdahl

Head of Content

Alison Heyerdahl
Alison Heyerdahl is the Head of Content at FxScouts, a Chartered Market Technician (CMT), an experienced trader, and a financial writer with extensive hands-on experience in the Forex trading industry. She specialises in Forex trading, broker analysis, and market research, with a focus on helping traders navigate the complex world of online trading safely and confidently. Alison has tested and reviewed more than 100 Forex brokers, assessing everything from regulatory status and trading conditions to platform features and customer support. Her goal is to provide honest, detailed, and practical insights that traders can rely on when choosing a broker. She’s also produced more than 100 educational videos for the FxScouts YouTube channel, where she explains trading concepts in a clear, accessible way. As the co-host of the “Let’s Talk Forex” podcast, Alison shares expert commentary on broker reliability, trading strategies, and market developments—always with a focus on transparency and trader protection.

Stefan de Clerk

Financial Writer

Stefan de Clerk
Stefan is a financial writer and Forex trading enthusiast with over a decade of experience creating in-depth content on finance and technology. His deep interest in geopolitical events, big data, and market sentiment fuels his passion for analyzing how global factors shape financial markets. With a background in marketing and financial research, Stefan believes that Forex trading offers the best insight into the pulse of the world economy. Committed to delivering well-researched, unbiased, and objective information, he helps traders navigate the markets with clarity and confidence.
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