โ Is JustMarkets Regulated in South Africa? (2025 Update)
๐ If you're a trader in South Africa looking for a reliable Forex broker, you might have asked: โIs JustMarkets regulated in South Africa?โ
Letโs dive into the regulation status, pros and cons, and what South African traders should know before signing up.
๐ What is JustMarkets?
JustMarkets (formerly JustForex) is a global online forex and CFD broker founded in 2012. The broker has become popular among traders for:
- ๐น Tight spreads starting from 0.0 pips
- ๐ณ Multiple deposit/withdrawal methods
- ๐ MT4 & MT5 trading platforms
- ๐ค Account types for beginners to pros
๐ The broker operates in multiple countries but... what about South Africa?
๐ก๏ธ Is JustMarkets Regulated in South Africa?
No, JustMarkets is currently not regulated by the Financial Sector Conduct Authority (FSCA) of South Africa.
๐ As of 2025, JustMarkets operates offshore under the regulation of the Financial Services Authority (FSA) of Seychelles, with license number SD088. This means:
- โ It is legally operating outside of South Africa
- โ It does not hold a license from the South African FSCA
While this does not necessarily mean the broker is unsafe, South African traders should be aware that you won't have local regulatory protection in case of disputes.
โ๏ธ FSCA vs FSA Seychelles: What's the Difference?
| Feature | FSCA (South Africa) | FSA (Seychelles) |
|---|---|---|
| ๐๏ธ Jurisdiction | Domestic | Offshore |
| ๐ฎโโ๏ธ Regulation Level | Strict | Moderate |
| ๐ Client Protection | High | Medium |
| ๐ผ Compensation Scheme | Yes | No |
| ๐ Public Oversight | Transparent | Limited |
๐ง Tip: For extra safety, many South African traders prefer FSCA-regulated brokers. However, if you're comfortable with offshore brokers, JustMarkets still offers competitive features.
๐ Why South Africans Still Use JustMarkets
Despite the lack of FSCA license, many South African traders continue using JustMarkets because of:
โ 1. Excellent Trading Conditions
- ๐ฅ Spreads from 0.0 pips
- โก Leverage up to 1:3000
- ๐ผ Account options: Standard, Raw Spread, Pro
โ 2. Low Minimum Deposit
Only $1 to get started โ perfect for beginners!
โ 3. Instant Withdrawals & ZAR Accounts
JustMarkets supports ZAR base currency, making it easier for South African users to deposit/withdraw without high conversion fees.
โ 4. No Restriction for SA Traders
Unlike some brokers, JustMarkets openly accepts clients from South Africa.
๐ Should You Trade with JustMarkets in South Africa?
๐ Pros
- โ Tight spreads & fast execution
- โ ZAR accounts supported
- โ Easy registration โ KYC in minutes
- โ MT4 & MT5 support
- โ Accepts South African traders
๐ Cons
- โ Not regulated by FSCA
- โ No local office/support in SA
- โ No compensation fund
๐ ๏ธ How to Open a JustMarkets Account from South Africa
- ๐ Click here to register your JustMarkets account
- ๐ Fill in your name, email, password
- ๐ฉ Confirm your email
- โ Complete KYC (upload ID & proof of address)
- ๐ฐ Deposit from ZAR wallet or bank card
- ๐ Start trading!
๐ก Pro Tip: Choose the Raw Spread account for scalping or high-frequency trading.
๐ Final Thoughts
JustMarkets is not FSCA-regulated in South Africa, but it's still a legitimate offshore broker regulated by the FSA Seychelles. For traders who prioritize low spreads, fast execution, and low minimum deposits over strict local regulation, JustMarkets is a solid choice.
๐ However, always do your own research and consider your risk tolerance before trading with any offshore broker.
๐ฅ Ready to Trade with JustMarkets?
๐ Open your account now and start trading with JustMarkets
๐ Trusted by thousands of traders. Fast KYC. ZAR Support.
๐ Related Topics
- ๐งพ [Top 5 FSCA-Regulated Forex Brokers in South Africa 2025]
- ๐ณ [How to Deposit in ZAR with Forex Brokers]
- ๐ [Best Forex Trading Platforms in South Africa]
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