JustMarkets
Basic Information
Pros and Cons
Pros
- Regulated by CySEC and FSA
- Maximum leverage of 1:3000
- Low spreads starting from 0.1 pips
- Minimum deposit requirement of $10
- Supports MT4 and MT5 platforms
Cons
- Numerous complaints about withdrawal issues
- Negative user feedback on customer support
- Offshore regulation may raise safety concerns
- Limited transparency regarding operations
Is JustMarkets Safe and Legit?
JustMarkets, registered in Seychelles since 2016, operates with a maximum leverage of 1:3000 and offers a variety of trading instruments including forex, metals, indices, and shares via the MT4 and MT5 platforms. With over five years of operational experience, the broker provides competitive trading conditions such as low spreads starting from 0.1 pips and a minimum deposit requirement of $10.
The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Seychelles Financial Services Authority (FSA), which indicates a level of oversight in its operations; however, the offshore regulation may raise concerns for some traders regarding safety and legal standing. Overall, JustMarkets is considered to be legal but carries certain risks associated with its offshore status.
User feedback on JustMarkets is predominantly negative, with a significant number of complaints focusing on withdrawal issues and customer support responsiveness. Many traders report delays in fund access, vague responses from customer service, and a sense of dissatisfaction with the platform’s execution quality. This has led to a growing concern over the broker’s reliability and transparency, indicating a need for potential clients to exercise caution.
Is JustMarkets a Regulated Broker?
What Are the Regulatory Licenses Held by JustMarkets?
JustMarkets is considered to hold both mainstream and offshore regulatory licenses. It is regulated by the Cyprus Securities and Exchange Commission (CySEC), which provides a level of oversight for its operations. Additionally, the broker is also regulated by the Seychelles Financial Services Authority (FSA), indicating its offshore status. While the presence of CySEC regulation adds credibility, the offshore regulation may raise concerns for some traders regarding safety and legal standing. Therefore, potential clients should be aware of the implications of these regulatory frameworks when considering JustMarkets for trading activities.
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
JustMarkets prioritizes the protection of client funds by holding them in independently regulated bank accounts, separate from the broker’s own assets. This segregation of funds is in accordance with the regulations set forth by the Cyprus Securities and Exchange Commission (CySEC) and the Seychelles Financial Services Authority (FSA), ensuring that client funds are safeguarded even in adverse scenarios.
JustMarkets Leverage
JustMarkets offers a maximum leverage of up to 1:3000, which aligns with the legal limits established in the jurisdictions where it is regulated. Retail clients can access this leverage, while professional clients may also enjoy enhanced leverage options, adhering to the respective regulatory requirements for each client classification.
JustMarkets Withdrawal Review
How to Contact JustMarkets?
JustMarkets has received numerous complaints, particularly regarding withdrawal issues, with a significant number of users expressing frustration over delays and lack of clear responses from customer support. Many traders report experiencing repeated obstacles when attempting to access their funds, leading to a feeling of helplessness. The complaints primarily stem from various credible platforms, indicating a trend of dissatisfaction. While there have been no public records of regulatory penalties specifically for these withdrawal issues, the large volume of complaints raises concerns about the broker’s reliability and transparency. Potential clients should exercise caution given these ongoing challenges.
Frequently Asked Questions
A1: JustMarkets is a legitimate broker registered in Seychelles and regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Seychelles Financial Services Authority (FSA). While these regulations suggest a level of oversight, the offshore nature of its operations may raise concerns regarding safety for some traders.
A2: JustMarkets holds regulatory licenses from the Cyprus Securities and Exchange Commission (CySEC) and the Seychelles Financial Services Authority (FSA). This combination includes both mainstream and offshore regulation, which adds to its credibility but may also pose concerns for some traders regarding legal standing.
A3: JustMarkets prioritizes the protection of client funds by maintaining them in independently regulated bank accounts that are separate from the broker’s own assets. This segregation complies with the regulations established by CySEC and FSA, ensuring client funds are safeguarded in adverse scenarios.
A4: Many users have reported significant delays and issues related to withdrawals from JustMarkets, often citing vague responses from customer support and obstacles in accessing their funds. These complaints highlight ongoing concerns regarding the broker’s reliability and transparency in handling withdrawal requests.
A5: Traders can contact JustMarkets for support via email at support@justmarkets.com or by phone at +248 4632027. The broker also offers a live chat feature for immediate assistance.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.