Is JustMarkets a Regulated Broker? Licenses and Regulation Explained 2026

Is JustMarkets a regulated broker? Yes. The brand operates through five licensed companies: Just Global Markets Ltd under the Seychelles Financial Services Authority (FSA), JustMarkets Ltd under the Cyprus Securities and Exchange Commission (CySEC), Just Global Markets (PTY) Ltd under South Africa's Financial Sector Conduct Authority (FSCA), Just Global Markets (MU) Limited under the Financial Services Commission of Mauritius, and Just Global Markets (VG) Limited under the Financial Services Commission of the British Virgin Islands. The important detail is that you are only covered by the licence of the company that actually holds your account, and these five regulators are far from identical.

That last point is where most quick answers stop and where the useful information begins. A trader in Nairobi, a trader in Limassol and a trader in Kuala Lumpur can all click the same JustMarkets logo and end up with different contracting companies, different leverage limits, different complaint routes and different levels of compensation if something goes wrong. This guide explains each licence, shows how to check it on the regulator's own register, sets out what regulation protects and what it does not, and gives you a practical checklist for deciding whether the protection you get is enough for the amount you plan to trade.

Everything below is based on the licence details JustMarkets publishes on its regulations page and in its help centre, cross-checked against how each regulator describes its own role. Where we could not verify something, we say so and tell you how to check it yourself.

If you would like to see which company the sign-up form assigns to your country while you read, you can open your JustMarkets account under a licensed entity and stop at the registration screen; the contracting company is displayed before you commit to anything.

Is JustMarkets a Regulated Broker? The Short Answer

JustMarkets describes itself as a group of subsidiaries, each authorised to use the JustMarkets name and trademarks. The group publishes five licences. In plain terms:

• Seychelles (FSA): Just Global Markets Ltd, a Securities Dealer. This is the company most non-EU clients deal with.
• Cyprus (CySEC): JustMarkets Ltd, a Cyprus Investment Firm operating under EU rules. It serves clients in the European Economic Area through a separate website.
• South Africa (FSCA): Just Global Markets (PTY) Ltd, an authorised Financial Service Provider.
• Mauritius (FSC): Just Global Markets (MU) Limited, an Investment Dealer (Full Service Dealer, Excluding Underwriting).
• British Virgin Islands (FSC BVI): Just Global Markets (VG) Limited, holding an Investment Business Licence.

A sixth company, GMFT Services Ltd in Limassol, Cyprus, is listed as the EU merchant company that provides certain content and processes payment transactions. It is not presented as a licensed investment firm, so do not confuse it with the CySEC-authorised JustMarkets Ltd.

So the honest one-sentence answer is: JustMarkets is regulated, but the strength of that regulation depends on which of its companies holds your account. A client of the CySEC entity sits under a full EU framework; a client of the Seychelles, Mauritius or BVI entity sits under an offshore framework that is lighter on retail protections; and the FSCA licence is a South African authorisation that comes with its own conduct rules and ombud scheme.

The Five JustMarkets Licences at a Glance

The table below reproduces the registration and licence identifiers JustMarkets publishes. Use them when you search the regulators' registers; a mismatch in name or number is the first sign that something is wrong.

Two practical observations from this table. First, the company names differ slightly, so when you search a register, try the exact legal name rather than just "JustMarkets". Second, the licence types differ: a Securities Dealer licence, an Investment Dealer licence, an FSP authorisation and a Cyprus Investment Firm authorisation are not interchangeable, and each regulator imposes its own capital, reporting and conduct obligations.

What Each JustMarkets Regulator Actually Does

Regulators are often grouped into "tiers", but labels hide the detail. Here is what each authority is responsible for and what it means for an ordinary retail trader.

Seychelles Financial Services Authority (FSA)

The FSA is the autonomous body that licenses and supervises the non-bank financial sector in Seychelles, including securities dealers. Just Global Markets Ltd holds licence SD088 and, from what the sign-up flow shows for most countries outside Europe, is the company that the majority of JustMarkets' international clients contract with.

What the FSA framework gives you: the firm must be licensed, meet minimum capital requirements set by the authority, keep records, submit to supervision and follow anti-money-laundering rules. What it usually does not give you: EU-style leverage caps, a statutory investor compensation fund comparable to Europe's, or a well-known independent ombudsman for retail trading disputes. That is why offshore entities can offer very high leverage. JustMarkets advertises maximum leverage up to 1:3000 on its international account pages, a figure that would be impossible under EU retail rules.

For you, the practical meaning is simple. Under the FSA entity your protection depends heavily on the broker's own policies (segregated accounts, negative balance protection, internal complaints handling) plus the fact that a regulator exists to which you can escalate a complaint. It is real oversight, but it is a lighter-touch regime than the European one.

Cyprus Securities and Exchange Commission (CySEC)

CySEC is the independent public authority that supervises investment services in the Republic of Cyprus. Because Cyprus is an EU member state, a Cyprus Investment Firm operates under the EU's MiFID II framework and the retail CFD restrictions that European regulators introduced for leveraged products. JustMarkets Ltd holds CySEC licence 401/21.

Under this regime retail clients receive several protections that offshore clients typically do not: leverage caps on retail CFD positions (JustMarkets' EU website lists maximum leverage of 1:30 for the most liquid instruments and lower ratios for others), mandatory negative balance protection on a per-account basis, a standardised risk warning that discloses the percentage of retail accounts losing money, a ban on trading incentives such as deposit bonuses for retail clients, and membership of the Investor Compensation Fund (ICF), which can compensate eligible clients up to €20,000 if a member firm fails and cannot return client money. Disputes that the firm does not resolve can go to the Financial Ombudsman of the Republic of Cyprus.

At the time of writing, JustMarkets' EU website displayed a risk warning stating that roughly 69% of retail investor accounts lose money when trading CFDs with that provider. The figure is updated periodically, so treat it as a snapshot rather than a constant.

The trade-off is that the EU offering is narrower. The EU site describes fewer account types and different trading conditions from the international site, so do not expect to find every feature you read about in international reviews.

Financial Sector Conduct Authority (FSCA), South Africa

The FSCA is South Africa's market conduct regulator. Its job is to make sure financial institutions treat customers fairly and transparently. Just Global Markets (PTY) Ltd is an authorised Financial Service Provider under FSP number 51114.

An FSCA authorisation brings South African conduct standards, fit-and-proper requirements for key individuals, and access to the Ombud for Financial Services Providers (the FAIS Ombud) for eligible complaints about advice and intermediary services. It is a well-respected regulator, particularly within Africa, though its rules on leverage and compensation differ from Europe's. If you live in South Africa, read our separate guide on whether JustMarkets is legal in South Africa, because the entity that actually serves South African residents, and the scope of the FSP licence, matter more than the logo.

One nuance worth understanding: an FSP licence covers the specific financial services and product categories listed on the FSCA's records. When you check the register, look at the categories and the status (authorised, suspended, lapsed) rather than just seeing that the name appears.

Financial Services Commission (FSC), Mauritius

The FSC is the integrated regulator for the non-bank financial services sector in Mauritius, responsible for licensing, monitoring and supervising business conduct. Just Global Markets (MU) Limited holds licence GB22200881 as an Investment Dealer (Full Service Dealer, Excluding Underwriting).

Mauritius sits between the major onshore jurisdictions and the lightest offshore ones. The FSC has a clear licensing framework for investment dealers, but as with Seychelles, retail CFD traders should not expect EU-style leverage limits or a European-scale compensation scheme. The company is registered as a Global Business Company (the GBC suffix in its registration number), which is the standard structure for internationally focused firms in Mauritius.

Financial Services Commission of the British Virgin Islands (FSC BVI)

The FSC BVI regulates financial services in the British Virgin Islands under laws including the Securities and Investment Business Act (SIBA). Just Global Markets (VG) Limited holds Investment Business Licence SIBA/L/24/1177; the "24" in the number suggests the licence was issued relatively recently, in 2024, though you should confirm the date on the regulator's register rather than rely on that reading.

The BVI is a recognised international finance centre with its own supervisory standards, but it is generally grouped with offshore jurisdictions when it comes to retail trading protections.

How Strong Is JustMarkets Regulation? A Practical Comparison

Rather than assigning grades, it is more useful to compare the specific protections a retail client is likely to receive under each framework. The table summarises general features of each regime; specific obligations change over time and can depend on your classification as a client.

Note that JustMarkets says it offers negative balance protection to its clients generally: its client protection page states that if a sharp market move leaves an account negative, the balance will be set to zero. Under the offshore entities this is a company policy rather than a regulatory obligation, which matters if a policy is ever changed. Read the client agreement for your entity to confirm the exact wording.

Which JustMarkets Entity Will Hold Your Account?

This is the single most important question in the whole topic, and JustMarkets makes it reasonably easy to answer. According to its help centre, non-registered users can see which company they are registering with directly on the registration page, beneath the "Continue" button. Existing clients can scroll to the footer of their Personal Area, where the entity providing their services is displayed.

Broadly, the allocation works like this:

• Residents of the European Economic Area are served by JustMarkets Ltd (CySEC) through the separate EU website. The international help centre states that the global offering is not provided to residents of the EU and EEA.
• Most other eligible countries are typically onboarded with one of the offshore or African entities. In practice the Seychelles company is the one most international clients see, but the assignment can vary by country and over time.
• Restricted jurisdictions are not served at all. JustMarkets lists Australia, Canada, Japan, India, the United Kingdom, the United States and countries subject to international sanctions among the places where it does not provide services.

Because allocation rules can change, do not rely on a review (including this one) to tell you which entity applies to you. Check the registration screen, then check your client agreement once the account is open. The company named in the agreement is the one whose licence protects you.

If you want background on how the group grew into this multi-entity structure, our article on which country JustMarkets is from traces the brand from its JustForex origins to the present set-up.

How to Verify JustMarkets Regulation Yourself: Step by Step

Checking a licence takes about fifteen minutes and is the best protection against both genuine misunderstandings and outright clone-site fraud. Here is a repeatable process.

1. Identify your entity. Start registration (or log in) and note the exact company name shown on screen or in the Personal Area footer. Write down the licence number from the JustMarkets regulations page that matches that company.
2. Go to the regulator's own website. Type the regulator's address into your browser yourself or reach it through a search engine. Do not use links supplied in chat messages, social media posts or emails from "account managers".
3. Search the register by legal name and by licence number. For CySEC, search the list of Cyprus Investment Firms for licence 401/21. For the FSCA, search FSP 51114. For the FSC Mauritius, Seychelles FSA and FSC BVI, use their registers of licensees and search the legal names listed in the table above.
4. Compare the details. Check that the company name, licence number and status match exactly. Look at the licence category and any listed domains or trading names. If the register lists approved websites, confirm the site you are using is among them.
5. Look for warnings. Many regulators publish warning lists of unauthorised firms and clones. Search your own country's regulator for the JustMarkets name too, because a broker can be properly licensed in one country while being unauthorised to solicit clients in yours.
6. Save evidence. Take screenshots of the register entries with the date visible. If a dispute ever arises, you will know exactly what you checked and when.

Practical tips for register searches

• Registers often use the legal name rather than the brand. Search "Just Global Markets" as well as "JustMarkets".
• Punctuation matters on some registers. Try with and without "Ltd", "Limited" and "(PTY)".
• If a register search fails, the site may simply be slow or temperamental. Try again later or use the regulator's list download before concluding the licence does not exist.
• A licence that exists but is listed as suspended, withdrawn or lapsed is not a valid licence. Read the status field.

What Regulation Protects, and What It Does Not

Regulation is often misunderstood as a guarantee. It is not. It is a set of rules plus an authority with powers to enforce them. Understanding the boundaries will help you set realistic expectations.

What regulation is designed to do

• Ensure the firm is properly incorporated, adequately capitalised and run by people who pass fit-and-proper checks.
• Require client money to be kept separately from the company's own money (segregation), so it is not used to pay the firm's bills.
• Impose anti-money-laundering and know-your-customer procedures, which is why you must verify your identity.
• Provide a channel for complaints and, in stronger regimes, an independent dispute-resolution body and compensation fund.
• Give the authority power to investigate, fine, suspend or revoke a licence.

What regulation does not do

• It does not protect you from trading losses. If the market moves against a leveraged position, the loss is yours.
• It does not guarantee spreads, execution speed or slippage outcomes, though conduct rules require fair treatment.
• It does not guarantee that a promotion, bonus or feature will continue.
• It does not extend the protections of one jurisdiction to clients of a different entity. An offshore client cannot claim from the Cyprus compensation fund.
• It does not make trading legal in your own country if your local law restricts it.

Keep this distinction in mind when you see marketing that leans heavily on the word "regulated". The meaningful question is always: regulated by whom, for which company, and with what protections for my account?

JustMarkets' Own Client Protection Measures

Beyond the licences, JustMarkets publishes a list of internal safeguards. These are broker statements rather than regulator guarantees, but they are worth knowing because under offshore entities they form much of your practical protection.

Mid-way through your research it can help to read the broker's disclosures in its own words. You can visit JustMarkets to compare its five licensed companies on its regulations page, then match each entry against the registers using the steps above.

Hypothetical Examples: How the Same Brand Means Different Protection

The following scenarios are hypothetical. They are simplified illustrations designed to show how entity allocation changes the outcome, not descriptions of real clients or real events.

Hypothetical example 1: a trader in Kenya

Amina lives in Mombasa and registers with JustMarkets. The registration screen shows that her account will be held by the Seychelles company. She chooses a Standard account and could select very high leverage. Her protections come from the FSA licence, JustMarkets' segregation policy and its negative balance protection policy. If she had a dispute, she would first use the broker's complaint process and could then complain to the Seychelles FSA. There is no EU-style compensation fund behind her account. Sensible steps for her: keep leverage modest, keep only trading capital with the broker, and withdraw profits periodically. Readers in Kenya can find local context in our guide on whether JustMarkets is legal in Kenya.

Hypothetical example 2: a trader in Cyprus

Nikos lives in Larnaca. He is directed to the EU website, and his account is held by JustMarkets Ltd under CySEC. His maximum leverage on major currency pairs is capped at 1:30, he will see a standard risk warning, he will not be offered a deposit bonus, and he benefits from mandatory negative balance protection and potential ICF coverage up to €20,000 if the firm failed and could not return client money. His trading conditions are more restrictive, but his safety net is stronger.

Hypothetical example 3: a trader who moves country

Lena opened an account while living in Malaysia and later relocates to Germany. Her residence has changed, and JustMarkets' help centre explains that changing your place of residence is a formal process in the Personal Area. Because EU residents are served by the CySEC entity, she should expect her existing offshore account arrangement to be reviewed, and she should not keep trading on an account opened under a residency she no longer holds. The lesson: entity allocation follows your residence, and you must keep it up to date.

JustMarkets vs Other Brokers: How Its Regulation Compares

It is fair to compare JustMarkets' regulatory profile with alternatives without naming winners, because the right choice depends on where you live and what you value.

Seen this way, JustMarkets sits in a familiar category: a multi-licensed international CFD broker that combines one EU authorisation with several offshore and regional licences. That model is common in the industry. It is legitimate, but it requires clients outside Europe to accept a lighter regulatory safety net in exchange for higher leverage and lower entry costs.

Questions to ask when comparing brokers

1. Which exact company would hold my account, and where is it licensed?
2. Can I find that company on the regulator's register with matching details?
3. Is negative balance protection a regulatory requirement or a company policy for my entity?
4. Is there a compensation scheme or ombudsman available to me?
5. What are the real costs (spreads, commissions, swaps) on the instruments I actually trade?
6. How do withdrawals work, and how long do they take with my payment method?

Common Mistakes When Judging Whether a Broker Is Regulated

• Assuming one licence covers every client. The CySEC licence is the one most often quoted in marketing, but it only applies to clients of JustMarkets Ltd. If you are outside Europe, it is almost certainly not your licence.
• Trusting a logo instead of a register. Regulator logos are easy to copy. Only the regulator's own register counts.
• Ignoring the licence category. A firm can appear on a register for one activity while not being authorised for another. Read what the licence permits.
• Overlooking your own country's rules. Being licensed abroad does not automatically mean a broker may market to you at home. Some national regulators publish warnings about foreign brokers soliciting residents.
• Using unofficial domains. JustMarkets runs several regional and language sites, which scammers exploit by creating look-alike domains. Reach the site through the main domain or official app store listings, and be suspicious of links shared in groups.
• Paying an individual. No legitimate broker asks you to send deposits to a personal bank account, a crypto wallet controlled by an "account manager" or a mobile money number belonging to a person.
• Equating regulation with safety from losses. Regulation protects processes, not trading outcomes.

Troubleshooting: Regulation Questions Traders Run Into

"My country is not in the registration list"

JustMarkets' help centre explains that it does not serve residents of certain jurisdictions, including Australia, Canada, the EU and EEA (on the global site), Japan, the United Kingdom, the United States and sanctioned countries. If your country is missing, that is a deliberate restriction, not a glitch. EEA residents should look for the EU website instead. Do not register with a false country of residence; it can lead to account closure and withheld funds when your documents are checked.

"The register shows a slightly different company name"

Minor formatting differences, such as "Ltd" versus "Limited" or the presence of "(MU)" or "(VG)", are normal. The licence number and registration number are what should match exactly. If the number differs, or the name is substantially different, stop and contact the regulator.

"I can't find the licence on the regulator's website"

Some registers are hard to search. Try the licence number, the full legal name and partial names. Check whether the regulator publishes a downloadable list of licensees. If you still cannot find it, email the regulator and ask; most will confirm a firm's status.

"I see a warning about JustMarkets from my local regulator"

A warning from your national regulator usually means the brand is not authorised to offer services in your country, even if it is licensed elsewhere. Take it seriously: it typically means you would have no local recourse. Read the warning's wording carefully and consider whether you are comfortable trading with a firm your own authority has flagged.

"Support told me something different from the website"

Ask support to confirm in writing which entity holds your account and which client agreement applies. The written agreement takes precedence over a chat conversation.

Regulation and Your Trading Decisions

Regulation should influence how you use a broker, not just whether you use it. If your account sits with an offshore entity, consider these habits:

• Size your deposit to your risk tolerance. Keep only the capital you intend to trade with the broker, rather than treating the account as savings.
• Use leverage deliberately. The availability of 1:3000 does not mean you should use it. Lower effective leverage gives you room to survive volatility.
• Withdraw regularly. Test the withdrawal process early with a small amount so you know how it works before you need it.
• Keep records. Save statements, deposit receipts and correspondence.
• Know your margin thresholds. On JustMarkets' international accounts, the margin call level is 40% and the stop-out level is 20%. When your margin level hits 20%, positions begin to be closed automatically.

If you trade short-term strategies, regulation also affects which rules apply to your style. Our guide on whether JustMarkets allows scalping covers the trading-style side, and it is worth reading alongside this one because conditions can differ between the EU and international offerings.

A simple pre-deposit checklist

1. Confirm the entity on the registration screen.
2. Find that entity on the regulator's register and screenshot the result.
3. Check your national regulator's warning list.
4. Read the client agreement sections on negative balance, complaints and governing law.
5. Verify your identity fully before depositing large amounts, so withdrawals are not delayed later.
6. Make a small first deposit and a small test withdrawal.

Frequently Asked Questions About JustMarkets Regulation

Is JustMarkets regulated or not?

Yes. JustMarkets operates through five licensed companies regulated by the Seychelles FSA, CySEC in Cyprus, the FSCA in South Africa, the FSC in Mauritius and the FSC in the British Virgin Islands. Your protection depends on which company holds your account.

What is the JustMarkets CySEC licence number?

JustMarkets Ltd, registration number HE 361312, is authorised by CySEC under licence number 401/21, according to the broker's regulations page. Confirm it on CySEC's list of Cyprus Investment Firms.

What is the JustMarkets FSCA licence number?

Just Global Markets (PTY) Ltd is an authorised Financial Service Provider with FSP number 51114. Check the FSCA register for the current status and licence categories.

Which JustMarkets entity serves most international clients?

From the broker's published structure and the sign-up flow for many countries, Just Global Markets Ltd in Seychelles (FSA licence SD088) is the company most international clients deal with. Always check the entity shown on your own registration screen.

Is JustMarkets safe?

It is a licensed broker that states it segregates client funds and offers negative balance protection. Safety, however, depends on your entity's regulatory framework and on your own risk management. No regulator protects you from trading losses.

Does JustMarkets have investor compensation?

Clients of the CySEC entity may be eligible for the Investor Compensation Fund, up to €20,000. Clients of the offshore entities do not have an equivalent EU-style fund.

Why is JustMarkets leverage so high if it is regulated?

High leverage, advertised up to 1:3000, is available through the offshore entities, whose regulators do not impose EU-style retail leverage caps. The EU entity limits leverage, with a maximum of 1:30 listed for the most liquid instruments.

Is JustMarkets available in the UK, US or Australia?

No. JustMarkets lists the United Kingdom, the United States, Australia, Canada, Japan and India among jurisdictions where it does not provide services, along with sanctioned countries.

Can I choose which JustMarkets entity I sign up with?

Generally no. The entity is allocated according to your country of residence. You should register with your true residence and accept the entity offered.

Is JustForex the same company as JustMarkets?

JustMarkets is the current name of the brand previously known as JustForex. Be cautious with websites still using the old name, and use the official JustMarkets domain.

How can I complain about JustMarkets?

Start with the broker's internal complaint procedure in the Personal Area or support hub. If the issue is not resolved, escalate to the regulator that licenses your entity; CySEC clients can also approach the Financial Ombudsman of Cyprus, and eligible FSCA-related complaints may go to the FAIS Ombud.

Does regulation mean JustMarkets is legal in my country?

Not necessarily. Licensing abroad does not override your local laws. Check your national regulator's rules and warning lists, and see our country guides for specific markets.

Glossary of Regulation Terms

• Entity: The specific legal company that contracts with you and holds your account.
• CIF: Cyprus Investment Firm, a firm authorised by CySEC to provide investment services under EU rules.
• FSP: Financial Service Provider, the authorisation category used by South Africa's FSCA.
• ICF: Investor Compensation Fund in Cyprus, which compensates eligible clients of failed member firms up to €20,000.
• Segregation: Keeping client money in accounts separate from the broker's own funds.
• Negative balance protection: A rule or policy that prevents a client's account from ending below zero.
• Offshore regulator: A regulator in a jurisdiction with lighter retail-trading rules, often allowing higher leverage.
• Clone firm: A fraudulent website imitating a real, licensed broker's name and details.
• Stop-out: The margin level at which open positions are closed automatically; 20% on JustMarkets' international accounts.

Conclusion: Is JustMarkets a Regulated Broker Worth Considering?

JustMarkets is a regulated broker, and its licence details are published openly and can be checked on each regulator's register. The structure is the familiar multi-entity model: a CySEC-authorised company for European clients, an FSCA-authorised company in South Africa, and licensed companies in Seychelles, Mauritius and the British Virgin Islands for much of the rest of the world.

The key takeaways:

• Your protection comes from the licence of the company that holds your account, not from the brand's best-known licence.
• EU clients get the strongest safety net: leverage caps, mandatory negative balance protection, an ombudsman and the ICF.
• Clients of the offshore entities get real but lighter oversight, with more reliance on JustMarkets' own policies.
• You can and should verify every licence yourself in a few minutes, and check your local regulator's position too.
• Regulation never protects you from trading losses; leverage and risk management remain your responsibility.

If you go ahead, do it with eyes open: know your entity, keep your deposit proportionate and test withdrawals early. That is the practical meaning of answering "is JustMarkets a regulated broker" properly.

🔥 Your next move: begin your JustMarkets sign-up and confirm your regulator on screen before you deposit, then match the entity you are given against the official register and read its client agreement.

📌 Important: CFD Risk Warning and Disclosure

CFDs and margin forex are leveraged products. Leverage magnifies gains and losses alike, so a small price move against you can wipe out your deposit quickly. Many retail traders lose money when trading CFDs, and you should only trade with money you can afford to lose after making sure you understand how margin, leverage, swaps and stop-outs work. Hypothetical examples in this article are illustrations only and are not reliable indicators of future results.

Disclaimer: this article is for general information and education. It is not financial, investment, tax or legal advice and is not a recommendation to open an account with any broker. Broker conditions, licences and promotions change; always confirm the current position on the broker's official website and the relevant regulator's register, and seek independent advice if you are unsure.

🔗 Affiliate notice: we may earn a referral commission when readers open accounts via links here; your costs stay the same.