📜 Is JustMarkets Regulated in South Africa?
No, JustMarkets is not directly regulated by the FSCA (Financial Sector Conduct Authority) of South Africa. However, this doesn’t necessarily mean it’s unsafe. JustMarkets operates globally under a different regulatory license.
🌍 JustMarkets Regulation Overview
JustMarkets is operated by:
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JF Global Limited – Registered in Seychelles, regulated by the Financial Services Authority (FSA) of Seychelles.
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FSA License Number: SD088
This license allows JustMarkets to offer trading services internationally, including in South Africa, although it does not fall under local South African financial law.
🔒 Is It Safe to Trade with JustMarkets from South Africa?
Although it’s not FSCA-regulated, JustMarkets uses a number of security features to protect South African clients:
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Segregated client accounts
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Negative balance protection
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SSL encryption & secure login
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24/7 customer support
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Regulated by FSA (Seychelles)
Still, traders should exercise caution and understand the implications of using an offshore broker.
🇿🇦 Can South Africans Legally Use JustMarkets?
Yes. South Africans can legally open accounts and trade with JustMarkets. The FSCA does not restrict the use of offshore brokers, but it also doesn’t provide legal protection in case of disputes.
💳 Payment Methods for South Africans
JustMarkets supports various deposit and withdrawal methods convenient for South African traders, such as:
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Bank cards (Visa/MasterCard)
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Local bank transfers
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Cryptocurrencies
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E-wallets (Skrill, Neteller)
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Instant EFT (Ozow or similar)
📈 Should You Trust JustMarkets?
JustMarkets has built a solid reputation with:
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Over 10 years in the forex industry
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Competitive spreads
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Zero-commission trading accounts
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Support for MT4 and MT5 platforms
However, lack of FSCA regulation may be a concern for some traders who prefer locally licensed brokers.
✅ Conclusion
While JustMarkets is not regulated in South Africa, it holds an offshore license from Seychelles and is widely used by traders in the country. If you decide to trade with them, ensure you understand the risks and benefits of using an international broker.
For added peace of mind, consider starting with a small deposit and test their customer support and withdrawal process before scaling up.
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