Is JustMarkets Legal in Egypt? Regulation, Safety and Trading Guide

Is JustMarkets legal in Egypt? With the Egyptian pound having moved sharply against the dollar in recent years, more people in Cairo, Alexandria and beyond are looking at gold and currency trading online, and JustMarkets is a name that comes up often in Arabic-language trading groups. Before you open an account, it helps to understand exactly how Egyptian regulators view offshore brokers, what JustMarkets' licences actually cover, and where the real risks lie.

This article is a long-form, neutral guide. It explains the roles of Egypt's Financial Regulatory Authority (FRA) and the Central Bank of Egypt (CBE), how the JustMarkets group is organised, how funding from Egypt works in practice, the scams that target Egyptian traders and a detailed checklist you can follow.

If you want to look at the broker's own terms while you read, you can browse the official JustMarkets site and its Egypt-relevant conditions, then come back to work through the checks below.

The Short Answer

JustMarkets is a regulated broker abroad but is not licensed in Egypt. Its official regulations page lists group companies supervised in Seychelles, Cyprus, South Africa, Mauritius and the British Virgin Islands. There is no FRA licence among them.

The FRA has repeatedly warned Egyptians against dealing with entities that promote investment or trading products online without its authorisation, and it maintains a public warning list of such entities. That does not automatically mean every foreign broker is on that list, but it does mean that an Egyptian resident using JustMarkets would be trading with a company outside Egyptian supervision, with no Egyptian complaint route and in an area where Egyptian authorities have voiced clear concern.

In practice, Egyptians who choose to use JustMarkets do so at their own legal and financial risk. If you need a definitive answer for your personal situation, ask the FRA directly or consult an Egyptian lawyer.

How Egypt Regulates Trading and Investment

Egypt splits financial supervision between two main bodies:

The Egyptian Exchange (EGX) is the domestic stock market, where local brokerage firms licensed by the FRA offer share trading. Leveraged online forex CFDs of the kind offered by international brokers sit largely outside this domestic framework.

Key laws in plain terms

• Capital Market Law (Law No. 95 of 1992) and its executive regulations govern securities activities such as brokerage and portfolio management, which require an FRA licence.
• Laws on companies receiving funds for investment prohibit collecting money from the public for investment without the required authorisation. FRA statements have cited this framework when warning about online investment promotions.
• Central bank and banking legislation governs foreign exchange dealings and the role of banks and licensed exchange companies.

This is a simplified overview. Laws are amended over time, so use it as orientation, not legal advice.

The FRA: Licences, Warnings and the Negative List

The FRA is the body most relevant to anyone asking whether an online trading provider is allowed to serve Egyptians.

Licensed-entity directory

The FRA publishes a directory of companies licensed to carry out non-bank financial activities. If a company says it is "licensed in Egypt", this is where you check. A genuine licence will show the company's exact legal name and activity.

Public warnings

The authority regularly issues statements warning citizens not to respond to social-media invitations to invest in financial products offered without a licence, stressing the risk of large losses and fraud. Egyptian media have reported on such warnings, including warnings that mention forex-style trading and crypto. The FRA has also said that people who promote unlicensed investment can face legal liability, which matters if you are tempted to act as an "introducer" for any platform.

The negative list

The FRA publishes a negative list of entities and online pages found to be carrying on non-bank financial activity without authorisation, and it updates the list periodically. Checking it should be a standard step before you send money to any platform. The FRA also invites citizens to report suspicious offers.

What the FRA cannot do for you

Because JustMarkets is not FRA-licensed, the FRA has no supervisory relationship with it. It cannot inspect the broker, order it to return funds or mediate a dispute on your behalf.

The Central Bank of Egypt and Currency Rules

Even if you are comfortable with the regulatory risk, the practical question is how money moves between Egypt and an offshore broker. That is governed by the CBE and by individual banks' policies.

• Card limits. At various times Egyptian banks have applied limits on foreign-currency spending with local debit and credit cards, including for online payments abroad.
• Foreign transfers. Banks apply compliance checks and may ask about the purpose of an international transfer. Transfers to trading platforms can be questioned or refused.
• Exchange rate volatility. The pound has experienced large moves. If your trading account is in dollars, your results in pound terms are affected by both your trades and the exchange rate.

Rules and bank practices change, sometimes quickly. Ask your bank what is currently allowed before you rely on any payment route.

The JustMarkets Group and Its Regulators

JustMarkets was founded in 2012 as JustForex and changed its brand name to JustMarkets in 2022. It is a group of separately licensed companies. As disclosed on its official site at the time of writing:

• Seychelles: Just Global Markets Ltd, a securities dealer regulated by the Financial Services Authority (FSA).
• Cyprus: JustMarkets Ltd, a Cyprus Investment Firm regulated by CySEC, serving EU clients via a separate EU website.
• South Africa: Just Global Markets (PTY) Ltd, an authorised financial services provider with the FSCA.
• Mauritius: Just Global Markets (MU) Limited, an investment dealer licensed by the FSC.
• British Virgin Islands: Just Global Markets (VG) Limited, licensed by the BVI Financial Services Commission.

Egyptian residents are not EU clients, so the CySEC company and its EU investor compensation arrangements would normally not apply. You would most likely be onboarded by one of the offshore entities, which generally permit higher leverage and provide fewer statutory protections.

Why the specific entity matters

"JustMarkets is regulated by CySEC" is technically true for one company in the group, but it is irrelevant if your contract is with the Seychelles company. Always identify the contracting entity in your client agreement and verify it on that regulator's register. Our explainer on where JustMarkets comes from goes deeper into the group's background.

Is JustMarkets Legal in Egypt? Putting It Together

Combining the points above, here is a balanced way to think about the legal status:

The fairest conclusion is that JustMarkets is a legitimate offshore-regulated broker whose services are not authorised in Egypt. Using it means accepting legal uncertainty and the absence of local protection. If those trade-offs are unacceptable, a domestic FRA-licensed brokerage for EGX shares, or simply not trading leveraged products, is the safer path.

Accounts, Spreads and Fees

Here is how the main JustMarkets live accounts compare, based on the broker's published pages at the time of writing. Conditions may differ by entity.

A Standard Cent account is also listed for very small position sizes, which can be useful for learning with real money at minimal risk.

Account currency for Egyptians

The Egyptian pound does not appear in the account currency list published on the broker's account pages at the time of writing. Most Egyptian clients would therefore hold a USD (or other listed currency) account and face conversion when depositing and withdrawing. Factor that into your cost calculations.

Islamic (swap-free) trading

For many Egyptian traders, avoiding interest is important. JustMarkets advertises a swap-free option for eligible clients, with conditions. Check whether any alternative charges apply to positions held for many days, and consult a trusted scholar about whether leveraged CFD trading fits your beliefs.

Leverage settings

Published maximum leverage can reach 1:3000 on certain accounts and instruments. You can usually choose a lower setting. A lower leverage setting does not change the profit or loss per pip of a given position, but it increases the margin required, which acts as a brake on oversized trades.

Comparing the Pro and Raw Spread accounts is easiest with real quotes, so you can check live JustMarkets spreads on the instruments you trade and set them against the commission on the Raw Spread account.

Funding From Egypt: Cards, Transfers and Conversion

Payment availability depends on the entity, your verification status and agreements between the broker and providers. Egyptians commonly look at bank cards, international bank transfers, e-wallets and crypto deposits. Each has trade-offs.

A note on crypto

Egyptian authorities have warned the public about crypto dealings, and Egyptian law restricts unlicensed activities involving virtual currencies. Using crypto to get around banking controls could create legal problems of its own. Take advice before going down that route.

Withdrawal discipline

• Withdraw back to the original method where required.
• Make a small test withdrawal before increasing your deposit.
• Never pay a "release fee" to anyone claiming to process your withdrawal.
• Keep a spreadsheet of deposits and withdrawals in both USD and EGP.

Platforms and Tools

JustMarkets provides MetaTrader 4 and MetaTrader 5 for Windows and Mac, a WebTrader that runs in the browser, the JustMarkets mobile trading app and the MetaTrader mobile apps. The platforms support Arabic among their interface languages.

• MT4: simple, widely supported, huge library of indicators and Expert Advisors.
• MT5: more timeframes, depth of market, built-in economic calendar and access to more instrument types.
• Mobile app: account management plus trading on the go.

Setup tips for desktop users are in our guide on installing JustMarkets on a PC. If you trade short timeframes, read our explanation of JustMarkets' scalping rules first.

Practical Examples (Hypothetical)

The figures below are invented for illustration only.

Example A: Gold position and the dollar

Ahmed funds a USD account with the equivalent of USD 500 and buys 0.05 lots of gold (XAU/USD). On a typical contract of 100 ounces per lot, 0.05 lots equals 5 ounces, so each USD 1 move in the gold price changes his profit or loss by about USD 5.

• A USD 20 rise in gold: roughly +USD 100.
• A USD 20 fall: roughly −USD 100, or a fifth of his account.

Gold can move USD 20 or more in a single session. A position of this size is aggressive for a USD 500 account.

Example B: Exchange-rate effect

Suppose Mona deposits pounds that convert to USD 1,000, and after six months her account is still worth USD 1,000. If the pound weakened during that period, her balance is worth more pounds than she put in; if it strengthened, fewer. Her trading result was zero, but her result in pounds was not. This is a real consideration for any Egyptian holding a dollar account.

Example C: Stop-out arithmetic

Open positions using USD 250 of margin would trigger a margin call when equity falls to USD 100 (40%) and stop-out closures from USD 50 (20%). Knowing this, a trader can work out how many pips of adverse movement their account can take.

Example D: Fees on a small account

If deposits and withdrawals together cost a hypothetical 3% through conversion and bank fees, a trader with USD 200 effectively starts USD 6 down. On small accounts, payment costs can outweigh spread savings between account types.

Scams Targeting Egyptian Traders

The FRA's warnings exist for a reason: social-media investment fraud is widespread. Common patterns include:

• Telegram "signal rooms" with paid VIP tiers that show only winning trades.
• Fake JustMarkets employees contacting you on WhatsApp after you comment on a post.
• Managed-account offers promising fixed weekly returns if you share your login.
• Payment to personal wallets or Instapay accounts described as "the company's local agent".
• Recovery scams that target people who already lost money, promising to recover it for an upfront fee.
• Clone sites using the JustMarkets logo on a slightly different domain.

Treat any unsolicited contact as suspicious. Communicate with the broker only through channels listed on its official website, and report suspicious offers to the FRA.

Tax, Records and Personal Risk Management

Because no Egyptian authority supervises your JustMarkets account, more of the responsibility for staying organised and safe falls on you.

Records

Download monthly statements from the client area and keep them with your bank records. Note the exchange rate on the day of each deposit and withdrawal. If you ever need to explain the source of funds to your bank, or work out your gains for tax purposes, these records will be essential.

Tax

Egyptian tax treatment of gains from foreign leveraged trading is a specialist question. Speak to a qualified Egyptian tax adviser rather than relying on forum posts, and remember that an offshore broker will not file anything on your behalf.

A simple personal risk framework

• Maximum risk per trade: many educators suggest a small fixed percentage of equity, such as 1–2%.
• Maximum daily loss: stop trading for the day once a set loss is reached.
• No trading during major announcements until you understand how spreads and slippage behave at those times.
• Never add money to rescue a losing position. That is how small losses become large ones.
• Review weekly: keep a journal of why you entered and exited each trade.

These habits do not make trading safe, but they reduce the chance that a single bad day wipes out your account.

Safety Checklist Before You Deposit

1. Read the FRA's latest warnings and check its negative list for the platform and any "agent" contacting you.
2. Ask your bank what foreign payments to trading platforms are currently allowed.
3. Open the official JustMarkets site by typing the address, not via a link in a chat.
4. Identify the contracting entity in the client agreement during registration.
5. Verify that entity on the regulator's own register (FSA Seychelles, FSC Mauritius, FSCA, BVI FSC or CySEC).
6. Read the risk disclosure, bonus terms and withdrawal policy in full.
7. Use a demo account for at least a few weeks.
8. Choose a modest leverage setting and write down a maximum risk per trade.
9. Deposit only a small amount at first, money you can afford to lose.
10. Test a withdrawal before adding more.
11. Turn on two-factor authentication for email and the client area.
12. Keep records of every transaction and conversation.

How JustMarkets Compares With Other Routes

Readers elsewhere in the region may find it useful to compare the positions described in our guides for Jordan, Saudi Arabia and the United Arab Emirates.

Frequently Asked Questions

Is JustMarkets licensed by the FRA in Egypt?

No FRA licence is disclosed on JustMarkets' official regulations page. You can confirm by searching the FRA's directory of licensed entities.

Is forex trading legal in Egypt?

Licensed financial activity is permitted, but the FRA has warned against unlicensed online trading and investment promotions. For a definitive view on using offshore forex brokers, ask the FRA or an Egyptian lawyer.

Can I open an account in Egyptian pounds?

EGP is not among the account currencies listed on the broker's pages at the time of writing, so you would typically use USD or another listed currency.

Will my bank allow deposits to JustMarkets?

It depends on your bank and the current CBE framework. Some payments may be blocked or limited. Ask your bank before you deposit.

Is JustMarkets on the FRA warning list?

Lists change over time. Check the FRA's current negative list yourself rather than relying on screenshots or forum claims.

Does JustMarkets offer Islamic accounts?

Yes, a swap-free option is advertised for eligible clients. Read the conditions and seek religious guidance on leveraged trading.

Who handles complaints if there is a dispute?

The broker's own complaints department first, then the regulator of the entity that holds your account. Egyptian authorities cannot intervene.

Can I become a JustMarkets partner or introducer in Egypt?

Be careful. The FRA has stated that promoting unlicensed investment can lead to legal liability. Take legal advice before promoting any trading platform.

What is the minimum deposit?

The Standard account is published with a minimum of around USD 10, and professional accounts higher. Payment method minimums may also apply.

Glossary

• FRA: Financial Regulatory Authority, Egypt's supervisor of non-bank financial markets.
• CBE: Central Bank of Egypt.
• EGX: the Egyptian Exchange, the domestic stock market.
• Negative list: the FRA's public list of entities found operating without authorisation.
• Offshore broker: a broker licensed outside the client's country, often in a light-touch jurisdiction.
• CFD: a leveraged contract tracking an asset's price change.
• Leverage: the ratio of position size to margin required.
• Margin call / stop-out: warning and automatic-closure levels (40% and 20% at JustMarkets).
• Swap-free: an account without overnight interest charges, subject to conditions.
• Spread: the difference between buy and sell prices.
• Recovery scam: fraud targeting victims of earlier losses with fake recovery services.

Conclusion: Is JustMarkets Legal in Egypt?

Is JustMarkets legal in Egypt? JustMarkets is a real broker with licences in five foreign jurisdictions, but it is not licensed by the FRA, and Egyptian authorities have clearly warned about unlicensed online trading. An Egyptian resident who uses it is outside Egyptian protection, faces possible banking hurdles and has to manage the leverage and currency risk personally.

If you still want to proceed, verify everything yourself: the FRA's current stance, your bank's rules, the exact JustMarkets entity and its licence. Start small, test withdrawals and treat every unsolicited "advisor" as a potential scammer.

🔥 Your next move: take a closer look at JustMarkets' accounts from Cairo or anywhere in Egypt, and make the regulator and bank checks above before you fund anything.

📌 Important: CFD Risk Warning and Disclosure

CFDs and leveraged forex products are complex instruments and come with a high risk of losing money rapidly due to leverage. Many retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not a reliable indicator of future results.

Disclaimer: this article is general information only and is not financial, investment, tax or legal advice. Laws, licences and broker conditions change, and we cannot guarantee that every detail is current. Always verify the latest position with the official regulator in your country and on the broker's official website, and consider independent professional advice before trading.

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