Is JustMarkets a Scam or Legit Broker in South Africa?

When looking for a reliable forex broker in South Africa, one of the most frequently asked questions is: “Is JustMarkets a scam or legit?” This question matters, especially in a region where online fraud is common. In this article, we’ll give a detailed review of JustMarkets for South African traders in 2025.

✅ About JustMarkets

JustMarkets (formerly JustForex) is a global forex and CFD broker that offers a range of trading services to both beginner and professional traders. The company has been in operation since 2012 and is known for:

Tight spreads starting from 0.0 pips
MetaTrader 4 and MetaTrader 5 platforms
Multiple account types (Standard, Pro, Raw Spread, Cent)
Leverage up to 1:3000
Copy trading features
Bonus promotions and contests

🔒 Is JustMarkets Regulated in South Africa?

As of 2025, JustMarkets is not regulated by the Financial Sector Conduct Authority (FSCA) of South Africa. However, it is registered and regulated by the Financial Services Authority (FSA) of Seychelles, under license number SD088.

🔹 Note: While FSA regulation is not as strict as FSCA, it still provides a certain level of oversight. South African traders are advised to trade with caution and conduct proper research.

💬 User Reviews from South Africa

Here’s what South African traders are saying about JustMarkets:

✅ “Fast withdrawals to Capitec. No issues so far.”
✅ “Good spreads on gold (XAUUSD) and forex pairs.”
❌ “Wish they had a ZAR account to avoid conversion fees.”
❌ “No FSCA regulation worries me a little, but the service has been reliable.”

Overall, the feedback is mostly positive, with emphasis on ease of use and low trading costs.

💸 Deposit & Withdrawal in South Africa

JustMarkets supports local-friendly payment methods:

Credit/Debit Cards (Visa/Mastercard)
Instant Bank Transfers
Skrill, Neteller
Crypto (BTC, USDT, ETH)
Local payment agents (depending on your region)

Withdrawals usually take between 15 minutes to 2 hours for e-wallets, and 1–2 business days for bank transfers.

🛡️ Is JustMarkets Safe for South African Traders?

Pros:

Long-standing reputation since 2012
Positive user reviews
Segregated client funds
Negative balance protection
SSL encryption on all data

Cons:

No FSCA license (yet)
Offshore regulation only
No local ZAR-based account

✅ Conclusion: Is JustMarkets Legit or a Scam?

JustMarkets is NOT a scam.
It is a legit broker with a strong international presence and years of operation. However, South African traders should be aware that it operates under offshore regulation, which may limit legal protection compared to FSCA-regulated brokers.

If you are a cautious trader who prefers local protection, you might want to explore FSCA-regulated brokers. But if you’re looking for low spreads, high leverage, and fast execution, JustMarkets remains a strong option in 2025.