Which Country Is JustMarkets From? Company Origin and Background 2026

Before you hand money to any broker, it is reasonable to ask where the company actually comes from. With JustMarkets the answer is less obvious than you might expect, because the brand is run through several companies in different countries. This guide answers the question which country is JustMarkets from in full: where the business started, how it grew from JustForex into JustMarkets, which legal entities exist today, what each regulator does, and why the country behind your particular account matters far more than the logo on the website.

We have written this as a reference rather than a sales pitch. Where facts can be verified on public registers or on the broker's own regulations page, we say so. Where they cannot, we tell you how to check them yourself.

If you already know you want to explore the platform while you read, you can create a free JustMarkets login and open a demo. Just remember to note which legal entity appears in your documents; we explain why below.

Which Country Is JustMarkets From? The Direct Answer

JustMarkets does not belong to a single country in the way a national bank does. It is an international brokerage group with regulated companies in five jurisdictions. If you need a one-line answer, the most accurate one is this:

• Main international operating company: Just Global Markets Ltd, registered in Seychelles and regulated by the Seychelles Financial Services Authority (FSA). Independent reviews commonly describe this as the group's principal operating entity, and it serves many clients outside Europe.
• European company: JustMarkets Ltd, a Cyprus Investment Firm based in Limassol, Cyprus, authorised by the Cyprus Securities and Exchange Commission (CySEC).
• Other regulated companies: entities in South Africa (FSCA), Mauritius (FSC) and the British Virgin Islands (FSC BVI).

The brand itself started life in 2012 as JustForex and was renamed JustMarkets in 2022. So when someone asks where JustMarkets is from, the fair answer is "an international group whose main global entity is in Seychelles, with a regulated EU arm in Cyprus and further licensed companies in Africa and the Caribbean."

Quick facts

Why "Where Is a Broker From?" Is a Tricky Question

For most consumer brands, "where is it from?" has an easy answer. Online brokers are different. A single brand can have several genuine answers depending on which aspect you look at:

Place of incorporation

This is the country where a company is legally registered. A group like JustMarkets has several companies, each incorporated in a different place. The one that matters to you is the company that signs your client agreement.

Place of regulation

Usually the same as incorporation, but not always. A regulator licenses a specific company to carry out specific activities. The regulator's rules on leverage, client money and complaints are what actually protect you.

Where staff and operations sit

Customer support, technology, marketing and dealing teams may be spread across several countries, sometimes through service companies that are not regulated themselves. This tells you little about your legal protection.

Where clients are

JustMarkets says it serves clients in more than 160 countries. A broker's biggest markets can be far from its registered office. This is why you often see the brand promoted heavily in Asia, Africa, Latin America and the Middle East even though its companies are registered elsewhere.

Where the brand is owned

Trademarks and websites may be held by yet another company. Again, interesting, but not what protects your deposit.

The practical lesson: the "country" that matters for you is the jurisdiction of the specific entity holding your account. Everything else is background.

From JustForex to JustMarkets: A Timeline

The company's history explains a lot about its present structure. The milestones below are those we could verify from the broker's own disclosures, regulators' registers or widely reported industry coverage. Where we are less certain, we say so.

We deliberately avoid giving precise dates for every licence beyond what is clearly published, because broker structures evolve and secondary sources often repeat outdated information. If an exact date matters to you, the relevant regulator's register is the authority.

The JustForex years

JustForex built its reputation on accessibility: very small minimum deposits, cent accounts that let beginners trade tiny positions, high leverage and frequent promotions. That model is popular in markets where many traders start with modest sums. It also tends to attract offshore regulation, because strict regulators such as those in the EU, UK or Australia cap leverage and restrict bonuses for retail clients.

Adding an EU licence

Obtaining a CySEC authorisation is a significant step for any broker. A Cyprus Investment Firm operates under European rules derived from MiFID II and is subject to the EU's retail CFD restrictions, including leverage caps, negative balance protection and standardised risk warnings. The Cyprus company can also passport its services to other EEA countries under those rules. In practice, it means European clients deal with a separate company under much tighter conditions than the international entities.

Why the Company Changed Its Name

When JustForex became JustMarkets in 2022, the stated reason was that the company had grown beyond currencies. By then it offered contracts on metals, energies, indices, shares and cryptocurrencies, and "Forex" in the name no longer described the business. Several practical points follow from the change:

• Same group, new name. Clients' accounts were carried over; it was not a takeover by a different company.
• New domains. The website moved to JustMarkets domains. Old JustForex links and social media accounts may still exist, which is one reason to check you are on an official site.
• Broader product list. The rebrand coincided with a push to market the broker as multi-asset rather than forex-only.

Rebrands are common in the industry and are not, by themselves, a warning sign. What matters is whether the regulated entities and their licences are transparent and verifiable, which in JustMarkets' case they largely are via the official regulations page and the regulators' registers.

The JustMarkets Entities, One by One

This is the heart of the question "which country is JustMarkets from". The details below are as listed on JustMarkets' official regulations page at the time of writing. Licence details can change, so verify them on each regulator's register before relying on them.

Seychelles: Just Global Markets Ltd (FSA)

The broker's regulations page describes Just Global Markets Ltd as a Securities Dealer regulated by the Seychelles Financial Services Authority under licence number SD088. This is the entity most often referred to as the group's main international company.

• About the regulator: the FSA supervises non-bank financial services in Seychelles, including securities dealers. It has tightened its framework in recent years, but it remains an offshore regulator with lighter retail protections than EU or UK authorities.
• What it means for clients: high leverage is permitted, bonuses and promotions are possible, and disputes are handled under Seychelles law and the broker's agreement. There is no EU-style investor compensation scheme.

Cyprus: JustMarkets Ltd (CySEC)

JustMarkets Ltd is listed as a Cyprus Investment Firm authorised by CySEC under licence number 401/21. The CySEC register shows an office in Limassol and lists justmarkets.eu as the approved domain for this company.

• About the regulator: CySEC is the financial regulator of Cyprus, an EU member state, and applies EU legislation including MiFID II and ESMA-derived product intervention rules.
• What it means for clients: retail leverage is capped (for example, 1:30 on major currency pairs), negative balance protection is mandatory, and CySEC-authorised firms generally participate in Cyprus's Investor Compensation Fund. Only clients in the EEA are normally onboarded here.

South Africa: Just Global Markets (PTY) Ltd (FSCA)

Just Global Markets (PTY) Ltd is listed as an authorised Financial Services Provider with the Financial Sector Conduct Authority, FSP number 51114.

• About the regulator: the FSCA is South Africa's market conduct regulator, responsible for how financial institutions treat customers.
• What it means for clients: independent analyses note that the South African company acts as an intermediary and that client accounts may actually be held by the Seychelles company as principal. South African readers should check the FAIS disclosure carefully; our guide on JustMarkets in South Africa goes into this.

Mauritius: Just Global Markets (MU) Limited (FSC)

This company is listed as an Investment Dealer (Full Service Dealer, excluding Underwriting) licensed by the Financial Services Commission of Mauritius, licence number GB22200881.

• About the regulator: the FSC Mauritius supervises the country's non-bank financial sector, including global business companies serving international clients.
• What it means for clients: an offshore-style framework comparable in spirit to Seychelles, with flexible trading conditions and lighter retail protections than the EU.

British Virgin Islands: Just Global Markets (VG) Limited (FSC BVI)

Just Global Markets (VG) Limited is listed as holding an Investment Business Licence from the BVI Financial Services Commission, number SIBA/L/24/1177.

• About the regulator: the BVI FSC regulates financial services in the British Virgin Islands under the Securities and Investment Business Act.
• What it means for clients: independent reviewers note that the BVI licence covers arranging deals in investments rather than holding client positions, so check whether this entity would ever be your counterparty.

Summary table of entities

How Clients Are Assigned to an Entity

When you register, the broker's onboarding system uses your country of residence to decide which company you will contract with. You do not normally get to choose. The table below shows the general logic as it is commonly described; the real allocation is whatever your client agreement says.

Where to find your entity

• The client agreement and risk disclosure you accept during registration.
• The footer of the website version you are using.
• Deposit receipts and account statements, which normally name the company.
• Support: you can ask in writing which legal entity holds your account.

If you ever move country, tell the broker. Your account may need to be transferred to a different entity or closed, depending on the rules in your new location.

What the Company's Origin Means for Your Safety

Knowing which country JustMarkets is from is useful only if you translate it into practical protections. Here is how to think about it.

Regulatory tiers

Analysts often group regulators into tiers. Top-tier authorities such as the UK FCA or the Australian ASIC impose strict capital, conduct and client-money rules. EU regulators such as CySEC sit close to that level for retail clients. Offshore regulators such as the Seychelles FSA, the Mauritius FSC and the BVI FSC set lighter requirements. These labels are informal, but they are a helpful shorthand.

For JustMarkets, this means the brand has one entity under EU rules and several under offshore frameworks. Most non-European clients fall into the offshore group.

Negative balance protection

JustMarkets advertises negative balance protection, which means you should not lose more than your account balance. Under EU rules this is mandatory for retail clients. For offshore entities, check the client agreement: brokers often reserve the right to withdraw this protection in cases they classify as abuse.

Client money and compensation

EU investment firms must keep client money separate from company money, and Cyprus has an Investor Compensation Fund for clients of member firms in certain failure scenarios. Offshore regimes may require some segregation but rarely offer compensation schemes. Read the broker's disclosures on how client funds are held for your specific entity.

Complaints and disputes

Your first step is always the broker's internal complaints procedure. After that, your options depend on the entity: EU clients may have access to the Cyprus Financial Ombudsman and CySEC, while offshore clients would usually be limited to contacting the offshore regulator, whose ability to resolve individual disputes may be limited.

A balanced view

JustMarkets is not an anonymous website: its entities are named, licence details are published, and you can look them up. That is a genuine positive. At the same time, the protections most international clients actually receive are those of offshore regulators. Both statements are true, and you should weigh them together. Our companion piece on whether JustMarkets is legal in Saudi Arabia shows how this plays out in a country with an active local regulator.

Where JustMarkets Does Not Operate

JustMarkets states that it does not provide services to residents of several jurisdictions, commonly listed as the United States, the United Kingdom, Canada, Australia and Japan, as well as sanctioned countries. Its offshore entities also do not onboard EU and EEA residents, who are directed to the Cyprus company instead.

Separately, being available in a country is not the same as being licensed there. Some national regulators publish alert lists of foreign platforms that are not authorised locally. Independent reviewers report, for example, that the brand has appeared on India's RBI alert list and Malaysia's Bank Negara consumer alert list. These entries generally state that a firm is not authorised in that market rather than describing a fine or enforcement finding. If you live in a country with such lists, check them yourself; our article on JustMarkets in India explains the Indian position in detail.

Country-specific guides on this site, such as those for Nigeria and the UAE, look at how local rules interact with the broker's offshore entities.

What JustMarkets Offers Today

The company that began as a forex-focused broker now describes itself as multi-asset. The main features, as published at the time of writing, are summarised below.

Account types

Leverage for eligible clients of the offshore entities is advertised at up to 1:3000 on some instruments. Swap-free status is available on the main account types, subject to conditions. Conditions at the Cyprus entity differ and follow EU rules.

Instruments

CFDs on currency pairs, metals such as gold and silver, energies, stock indices, individual shares and cryptocurrencies. Leverage and trading hours vary by instrument.

Platforms

• MetaTrader 4 and MetaTrader 5 for Windows and macOS.
• WebTrader for browser-based trading.
• The JustMarkets mobile app for Android and iOS, which also handles account management.

Our guide on downloading JustMarkets on a PC explains desktop setup, and our breakdown of JustMarkets' scalping rules covers which account suits short-term trading.

The broker also promotes copy trading, educational content and market analysis. Because offers change frequently, the most reliable way to see the current line-up is to visit the official JustMarkets site and compare its account pages directly.

Scale claims

JustMarkets' website states that it serves more than three million traders across more than 160 countries and has received over 50 industry awards. These are the company's own figures; we have not independently audited them, and industry awards vary widely in rigour.

Funding, Currencies and Withdrawals

JustMarkets supports bank cards, e-wallets, local payment systems, cryptocurrencies and bank wires, with choices depending on your country. Published account currencies include USD, EUR, GBP, JPY and several regional currencies such as MYR, IDR, THB, VND, KWD, CNY, ZAR, AED and NGN. Standard Cent accounts are denominated in US cents.

• The broker says it does not charge its own deposit or withdrawal fees, though banks and payment providers may.
• Withdrawals are normally sent back to the method used to deposit.
• Processing on the broker's side is advertised as fast, but provider delays can occur.
• Identity and address verification are required before withdrawals.

The origin of the company has a practical effect here too. Because the international entities are offshore, some banks in strictly regulated countries are more cautious about transfers to them, and local payment options are often provided through third-party processors. Always pay through the official Personal Area, never through an individual.

How to Verify the Company Yourself

You do not need to trust this article, or any review, to find out where JustMarkets is from. Here is a step-by-step process that anyone can follow in about twenty minutes.

1. Open the official regulations page. Type the broker's address into your browser yourself and find the "Regulations" or "Legal documents" section. Note every company name, registration number and licence number listed.
2. Search each regulator's register. Visit the official websites of the Seychelles FSA, CySEC, the FSCA, the FSC Mauritius and the BVI FSC. Search for the company names. Check that the status is active and the licence type matches.
3. Compare domains. Where a register lists approved websites, compare them with the site you are using. CySEC's register, for instance, lists the approved domain for the Cyprus firm.
4. Identify your own entity. During registration, read the client agreement and note which company you are contracting with. This is the only entity whose licence protects you.
5. Read the governing law clause. It tells you which country's courts or laws apply in a dispute.
6. Check local alert lists. Search your own country's financial regulator for warnings about the brand or similar names.
7. Look for consistency. Company names, addresses and licence numbers should match across the website, documents and registers. Inconsistency is a red flag.
8. Ask support in writing. A legitimate broker should be able to tell you, by email, which entity will hold your account and under which regulator.
9. Test before you trust. Use a demo, then a small deposit and withdrawal, before committing larger sums.

Red flags that would change the picture

• A licence number that does not appear on the regulator's register.
• A website domain that is not the official one and asks for deposits.
• Anyone claiming to represent the broker who asks you to pay into a personal account.
• Pressure to deposit quickly, or promises of guaranteed returns.

Broker Structures Compared

JustMarkets' multi-entity model is common in the retail CFD industry. Understanding the alternatives helps you put its origin in context. The comparison below is general and does not describe any specific competitor.

The multi-entity model is not inherently good or bad. It does, however, place the burden on you to understand which part of the group you are dealing with.

Clones and Scams Using the Name

Well-known broker names attract impersonators. Because JustMarkets once traded as JustForex, scammers sometimes use either name. Common tactics include:

• Clone websites with near-identical domains and copied logos, licence numbers and photographs.
• Fake "account managers" on WhatsApp, Telegram or Instagram who claim to work for the broker and offer to trade for you.
• Fake apps distributed outside official app stores or through direct download links in chat groups.
• "Withdrawal fee" demands asking you to pay tax or insurance before releasing funds.
• Recovery scams targeting people who have already lost money, promising to retrieve it for an upfront fee.

The defence is simple: use only the official domain you have verified, download apps only from official stores or the broker's own site, never share your password, and never pay a person rather than the broker's official payment page.

A Hypothetical Example: Same Brand, Different Rules

To see why the country behind your account matters, consider two imaginary traders, both opening a JustMarkets account on the same day. All figures are hypothetical and simplified.

Elena in Spain

Elena lives in the EEA, so she is onboarded by the Cyprus company. As a retail client under EU rules, her maximum leverage on major currency pairs is 1:30. To open 1 standard lot of EUR/USD at 1.1000 (notional about $110,000), she needs roughly $3,667 of margin. With a $1,000 balance, she simply cannot open that position; the most she can open is around 0.27 lots.

Ravi in an Asian country served by the offshore entity

Ravi is onboarded by the Seychelles company and chooses leverage of 1:1000. The same 1-lot trade needs about $110 of margin. With $1,000, he can open it easily, and even several lots more.

What happens on a 50-pip move against them

• Elena, with 0.27 lots, loses about $135 (0.27 × $10 × 50), roughly 13.5% of her account.
• Ravi, with 1 lot, loses about $500, half his account. With 3 lots he would lose about $1,500, more than his balance. Margin call at 40% and stop-out at 20% would close positions first, and negative balance protection should prevent a negative balance, but his account would be nearly wiped out.

Same brand, same platform, same market move, very different outcomes. Neither the EU limits nor the offshore flexibility is "right" in itself, but this is exactly why "which country is JustMarkets from" is a question about your entity rather than about the logo.

What the Origin Means for Different Types of Trader

The same corporate structure affects people differently depending on how and why they trade. Here is how the origin question plays out for a few common profiles.

Complete beginners

If you are new, the offshore entities' very low minimum deposits and cent accounts make it easy to start small, which is genuinely useful for learning. The flip side is that very high leverage is available from day one, and beginners rarely appreciate how quickly it can drain an account. If you are served by an offshore entity, set your own leverage lower than the maximum and treat the first months as paid education.

Active and short-term traders

For scalpers and day traders, the entity determines leverage, execution conditions and which account types are available. The Raw Spread and Pro accounts are typically aimed at this group. Check the client agreement's list of prohibited practices, since aggressive strategies that exploit pricing delays are usually banned regardless of entity.

Traders using Expert Advisors

MetaTrader supports automated trading on all entities, but the broker reserves the right to decide which automated practices it accepts. Before running a robot on a live account, read the relevant section of the agreement for your entity and consider asking support whether your strategy type is acceptable.

Muslim traders seeking swap-free conditions

Swap-free status is offered on the main account types, with different levels and conditions. The availability and terms can differ by entity and instrument. As always, the religious acceptability of leveraged CFDs is a separate question for a qualified scholar.

Larger accounts

If you plan to deposit a substantial amount, the entity's protections matter even more. Ask how client funds are held, whether any compensation scheme applies, and what the governing law is. Some traders with larger balances deliberately choose brokers under stricter regulators, even at the cost of lower leverage, precisely because of these questions.

Questions to Ask JustMarkets Before You Deposit

A short written exchange with support can clarify the origin question for your specific case. Consider asking:

1. Which legal entity will hold my account, and under which regulator and licence?
2. Which law governs my client agreement, and where would disputes be resolved?
3. How are client funds held for my entity, and are they kept separate from company funds?
4. Does negative balance protection apply to my account, and under what conditions could it be withdrawn?
5. Which payment methods are available in my country, and which can I use to withdraw?
6. What is the maximum leverage for my account on the instruments I plan to trade?
7. Are there any restrictions on the trading strategies or Expert Advisors I intend to use?

Save the answers. If a later problem arises, a written record of what the broker told you is valuable evidence for any complaint to the regulator.

JustForex Then vs JustMarkets Now

For long-time traders who remember the old brand, it helps to see how the business has changed in broad terms. The comparison below is general and based on publicly described features; details of the JustForex era came from archived reviews and may not be complete.

What this means for returning clients

If you held a JustForex account years ago, do not assume your old login, entity or conditions still apply. Log in only through the current official site, check which entity your account now sits with, and read the latest client agreement. If you find an old bookmark or a social media page still using the JustForex name, treat it with caution until you have confirmed that it is genuinely connected to the current business.

It is also worth remembering that growth in regulatory licences does not automatically change the protection a given client receives. A trader in Asia or Africa in 2026 is still likely to be served by an offshore entity, even though the group now also holds an EU licence. The expansion matters most to clients who fall within the newer entities' scope.

Frequently Asked Questions

Which country is JustMarkets registered in?

JustMarkets has several registered companies. Its main international entity, Just Global Markets Ltd, is in Seychelles. It also has companies in Cyprus, South Africa, Mauritius and the British Virgin Islands.

Is JustMarkets a European broker?

Partly. Its Cyprus company, JustMarkets Ltd, is authorised by CySEC and serves EEA clients. Most clients outside Europe are served by offshore entities.

Was JustMarkets previously called JustForex?

Yes. The broker operated as JustForex from 2012 and rebranded to JustMarkets in 2022.

Did ownership change when the name changed?

The rebrand was presented as a change of name for the same group, reflecting its move into more asset classes, rather than a sale to a new owner.

Where is JustMarkets' head office?

The broker does not describe a single global headquarters in the way some companies do. Its main international entity is in Seychelles, and its EU company is in Limassol, Cyprus. Check the official contact page for current addresses.

How many regulators oversee JustMarkets?

Five are listed on its official regulations page: the Seychelles FSA, CySEC, South Africa's FSCA, the FSC Mauritius and the FSC of the British Virgin Islands.

Which JustMarkets entity is the safest?

The Cyprus entity operates under the strictest framework, with EU retail protections. However, you cannot choose it unless you live in the EEA.

Can I choose which entity holds my account?

Generally not. Allocation depends on your country of residence and the broker's onboarding rules.

Is JustMarkets available in the United States or the UK?

No. JustMarkets says it does not provide services to residents of the US, UK, Canada, Australia, Japan and sanctioned countries, among others.

How can I confirm that JustMarkets' licences are real?

Search for each company name on the official register of its regulator and compare the details with those on the broker's regulations page.

Does the country of origin affect leverage?

Yes. EU clients face leverage caps such as 1:30 on major pairs, while offshore entities advertise much higher leverage for eligible clients.

Glossary

• Entity: a specific legal company within a broker group.
• CIF (Cyprus Investment Firm): a firm authorised by CySEC to provide investment services under EU law.
• Securities Dealer licence: a Seychelles FSA licence allowing a firm to deal in securities, including CFDs.
• FSP (Financial Services Provider): a firm authorised by South Africa's FSCA under the FAIS Act.
• FAIS disclosure: a South African disclosure explaining the FSP's role and who the product provider is.
• Investment Dealer: a licence category issued by the FSC Mauritius.
• SIBA: the Securities and Investment Business Act of the British Virgin Islands.
• MiFID II: the EU legislation governing investment services.
• Passporting: the ability of an EU-authorised firm to offer services in other EEA countries.
• Investor Compensation Fund: a scheme that may compensate clients of member firms in Cyprus if the firm fails.
• Negative balance protection: a safeguard that prevents a retail account from falling below zero.
• Rebrand: a change of company or product name without necessarily changing ownership.
• Alert list: a regulator's published list of firms not authorised in its jurisdiction.

Summary

Which country is JustMarkets from? The brand started in 2012 as JustForex, rebranded in 2022, and today operates as an international group rather than a single-country company. Its main international entity is in Seychelles under the FSA, its EU arm is in Cyprus under CySEC, and further regulated companies exist in South Africa, Mauritius and the British Virgin Islands.

The practical points to remember:

• The country that matters for you is the one where your specific entity is licensed.
• EEA clients get EU-level protections; most other clients are served under offshore frameworks.
• Licence details are published and verifiable; take the time to check them on the regulators' registers.
• Local rules in your own country still apply, and some regulators list the brand as not authorised in their markets.
• Scammers exploit both the JustMarkets and JustForex names, so verify domains and never pay individuals.

Understanding where JustMarkets is from will not tell you whether trading is right for you. It will, however, tell you exactly what protections you are getting, which is the most important thing to know before you open any account.

🔥 Your next move: once you have checked the registers, start your JustMarkets registration and see which entity it assigns you. Read the client agreement before funding.

📌 Important: CFD Risk Warning and Disclosure

CFDs and forex are complex instruments traded on margin, and leverage means you can lose money rapidly. Many retail traders lose money when trading CFDs. Before you trade, make sure you understand how CFDs, leverage and margin work, and consider whether you can afford to take the high risk of losing your money. Past performance and hypothetical examples are not reliable indicators of future results.

Disclaimer: this article is for general information and education only. It is not financial, investment, tax or legal advice, and it is not a recommendation to open an account with any broker. Regulations, licences and broker conditions change; always verify the current position with the relevant regulator and the broker's official website, and seek independent professional advice where appropriate.

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