JustMarkets India is a frequent search among Indian forex traders looking for bonus-backed broker accounts with UPI and INR deposit support. JustMarkets (formerly JustForex, founded 2012) holds licenses from CySEC (401/21), Seychelles FSA, FSCA South Africa (51114), and FSC Mauritius (GB22200881). The broker runs multiple promotions, including a $30 no-deposit bonus and a tiered deposit bonus reaching 120%, and Indian traders are eligible for both. This guide covers NDB terms, deposit bonus tiers, UPI and INR funding, account types, SEBI regulatory context, and how JustMarkets compares to alternatives for traders in India. Verified June 2026.
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Risk warning: Forex and CFD trading carries significant risk. The majority of retail trader accounts lose money when trading CFDs. You should not trade with money you cannot afford to lose.
Availability note: JustMarkets bonus programs are not available under CySEC (EU), FCA (UK), or ASIC entities. Forex bonuses are banned for retail clients in the EU (ESMA), UK (FCA), Australia (ASIC), and the US.
RBI Alert List note: JustMarkets appears on the Reserve Bank of India’s official Alert List of entities not authorised to deal in forex in India (listed as “Just Markets” at serial no. 70; list dated November 19, 2025, checked August 2026). This is an authorisation statement, not a fraud finding, but Indian traders should understand what it means before opening an account — see our full RBI Alert List explainer.
JustMarkets $30 No-Deposit Bonus: India Eligibility
Indian traders are eligible for the JustMarkets $30 no-deposit bonus. India is not on the excluded countries list (which covers the EU, UK, US, Canada, Japan, Australia, Algeria, Angola, Botswana, Nigeria, South Africa, and Vietnam). This makes JustMarkets one of the few brokers offering an active NDB to traders in India as of June 2026.
| Detail | Terms |
|---|---|
| Bonus amount | $30 |
| Volume requirement | 5 lots within 30 days |
| Pip requirement | Each trade must generate at least 6 pips (60 points) profit or loss |
| Time limit | 30 days active trading; 30 additional days to transfer profit |
| Profit cap | $30 maximum withdrawable profit |
| Eligible instruments | Forex and precious metals only |
| Max positions | 5 concurrent; max 0.01 lots per position |
| EA/robots | Prohibited |
| Pre-withdrawal deposit | Must deposit minimum $100 into a live account before profit transfer |
| India eligible | Yes |
Source: JustMarkets official T&C via third-party verification, June 2026. Always verify current terms on justmarkets.com.
How to Claim the $30 NDB in India
The activation process follows these steps:
- Register a new account through the JustMarkets BackOffice. Use a valid Indian phone number for verification.
- Open a Welcome Account. This is a separate account type created specifically for the NDB. It is not the same as a Standard or Pro account.
- Complete phone verification. JustMarkets requires phone verification before crediting the $30 bonus.
- Trade within the rules. You have 30 days to trade 5 lots on forex or precious metals. Each trade must move at least 6 pips. You can hold a maximum of 5 positions at once, each capped at 0.01 lots. Automated trading (EAs, robots) is not allowed.
- Transfer profit. After meeting the volume requirement, you have 30 additional days to transfer up to $30 in profit. You must first deposit at least $100 into a live trading account before the profit transfer is processed.
The $30 bonus itself is non-withdrawable. Only the profit you generate (capped at $30) can be withdrawn. For a broader view of NDB options available to Indian traders, see our India no-deposit bonus hub or use the Bonus Finder.
Is the $30 NDB Worth It for Indian Traders?
At the current exchange rate, $30 is approximately INR 2,500. That is modest trading capital, and the 0.01-lot cap limits position sizing. The real value is testing the platform without depositing your own funds: you can evaluate JustMarkets execution, MT4/MT5 performance, and support quality without risking your own INR. The $30 profit cap and the $100 deposit requirement before withdrawal mean this is best treated as a trial account, not an income source. For other no-deposit opportunities, explore our best forex no-deposit bonuses guide.
JustMarkets Deposit Bonuses for India
Indian traders are eligible for the full tiered deposit bonus system. India is not on the excluded list (only EU, UK, US, Canada, Japan, and Australia are excluded).
| Tier | Deposit Required | Bonus % | Account Types | Time Limit |
|---|---|---|---|---|
| Tier 1 | $10+ | 50% | Standard Cent, Standard, Pro | 30 days |
| Tier 2 | $100+ | 100% | Standard, Pro | 30 days (campaign) / 90 days (Double Benefit) |
| Tier 3 | $500+ | 120% | Standard, Pro | 30 days |
Source: JustMarkets official T&C via third-party verification, June 2026.
Key terms across all tiers:
- Volume requirement: Bonus amount divided by 2 equals required lots. For example, a $600 bonus (120% on $500) requires 300 lots.
- Minimum pip movement: Orders generating less than 5.9 pips profit do not count toward the volume requirement.
- Bonus nature: Non-withdrawable trading margin credited to the Credit field. Upon completing the volume requirement, the bonus auto-converts from Credit to Balance within 2 hours.
- Deposit combining: Deposits are NOT combined for tier eligibility. Each deposit is evaluated individually.
- Maximum combined bonus: $40,000 across all deposit tiers and accounts.
- Eligible instruments: Forex and CFDs.
The 120% Deposit Bonus for Indian Traders
The 120% tier is the flagship offer. Deposit $500 (approximately INR 42,000) into a Standard or Pro account, and JustMarkets credits $600 in bonus margin, giving you $1,100 total trading capital. To convert that bonus from non-withdrawable Credit to your withdrawable Balance, you must complete 300 lots ($600 / 2) within 30 days, with each qualifying trade generating at least 5.9 pips.
For many Indian traders, $500 is a significant outlay. The 50% tier at $10 minimum (roughly INR 840) offers a lower entry point with the same volume-per-bonus-dollar ratio. The 100% tier at $100 (roughly INR 8,400) provides a middle ground. Cent accounts qualify only for the 50% tier; Standard and Pro qualify for all three tiers.
JustMarkets also runs a separate Double Benefit Bonus at 100% with a 90-day volume deadline (versus 30 days), minimum $100 deposit, and a $10,000-per-account cap. This variant suits Indian traders who want more time to meet the volume targets. For a broader comparison of deposit offers, see our deposit bonus guide.
UPI and INR Deposit Methods
Indian traders need local payment methods that work smoothly with INR. JustMarkets supports UPI alongside several other options relevant to India.
| Method | Currency | Processing Time | Minimum Deposit |
|---|---|---|---|
| UPI | INR | Minutes | Check broker website for current details |
| Net banking / bank transfer | INR | Same day to 1 business day (unconfirmed) | Check broker website for current details |
| Perfect Money | USD | Minutes | $10 |
| Crypto (USDT/BTC) | Various | Network confirmation | Check broker website for current details |
Deposit minimums and fees should be verified on your JustMarkets dashboard. The broker’s website returned HTTP 403 during automated verification, June 2026.
UPI is the recommended method for Indian traders. It connects directly to your Indian bank account through apps such as Google Pay, PhonePe, Paytm, or BHIM. Funds credit within minutes at the prevailing INR/USD exchange rate. No prior USD conversion is needed on your end.
To deposit via UPI: log in to your JustMarkets BackOffice, select the UPI option under Deposit, enter the INR amount, and complete the payment through your UPI app. If you are depositing to qualify for the 120% tier, confirm your single INR deposit converts to at least $500 USD after the exchange rate. Deposits cannot be combined to reach tier thresholds.
INR Currency Considerations
Indian traders should keep these points in mind:
- Exchange rate volatility. Unlike the AED/USD peg used in Gulf markets, the INR floats against the USD. The rate fluctuates daily, which affects both your deposit value and your open positions if your base currency is USD.
- Base currency selection. JustMarkets accounts are denominated in USD. Your INR deposit converts at the prevailing rate. This means your effective deposit amount changes with the exchange rate.
- RBI guidelines. The Reserve Bank of India has issued guidance about overseas remittances under the Liberalised Remittance Scheme (LRS), which permits individuals to remit up to $250,000 per financial year for permitted purposes. Forex trading through offshore brokers occupies a grey area. Consult a tax professional regarding compliance with FEMA regulations and any applicable TCS (Tax Collected at Source) on foreign remittances.
- Withdrawal routing. Withdrawals are typically processed to the same method used for deposit. UPI deposits mean UPI withdrawals.
JustMarkets Account Types for India
JustMarkets offers several account types. Bonus eligibility varies by account and tier.
| Account Type | Min Deposit | Spreads From | Commission | Bonus Eligibility |
|---|---|---|---|---|
| Standard Cent | $10 | 2.0 pips | None | NDB (Welcome Account); 50% deposit only |
| Standard | $10 | 2.0 pips | None | NDB (Welcome Account); 50%, 100%, 120% deposit |
| Pro | $10 | 0.1 pips | None | NDB (Welcome Account); 50%, 100%, 120% deposit |
| Raw Spread | $10 | 0.0 pips | From $3/lot | From 0.3 pips |
Account specifications from third-party sources, June 2026. Verify current spreads and conditions on justmarkets.com.
The Standard account is the most versatile choice for Indian traders: it qualifies for all three deposit bonus tiers plus the NDB (via the Welcome Account), charges no commission, and requires only $10 to open. The Pro account also qualifies for all bonus tiers and offers tighter spreads from 0.1 pips, suiting active traders who plan to meet volume targets quickly. The Standard Cent account works for beginners who want to trade micro-lots at reduced risk but only qualifies for the 50% deposit tier. JustMarkets supports MT4 and MT5, both available on mobile, which matters for the large share of Indian traders who access markets primarily through smartphones.
Regulation and the Indian Context
JustMarkets holds four licenses: CySEC 401/21 (EU clients, no bonuses), Seychelles FSA (emerging-market clients including India, bonus-eligible entity), FSCA South Africa 51114, and FSC Mauritius GB22200881. Indian traders register under the Seychelles FSA entity, which is the entity that permits bonus promotions.
SEBI and Offshore Forex Brokers
SEBI (Securities and Exchange Board of India) regulates securities and derivatives markets in India. The RBI (Reserve Bank of India) oversees foreign exchange. Key points for Indian traders:
- SEBI does not license offshore forex brokers. There is no SEBI registration framework for international CFD/forex brokers like JustMarkets. Indian-regulated forex trading is limited to currency pairs involving the INR on recognized exchanges (NSE, BSE, MCX-SX).
- Offshore forex trading is a regulatory grey area. The RBI’s FEMA (Foreign Exchange Management Act) regulations do not explicitly prohibit individuals from trading forex through offshore brokers, but they do restrict certain types of speculative overseas transactions. The practical enforcement has been limited, and millions of Indian traders use offshore platforms.
- LRS compliance. Funds sent to an offshore broker typically fall under the Liberalised Remittance Scheme. Ensure your remittances stay within the $250,000 annual limit and that you maintain proper documentation for income tax purposes.
- Tax obligations. Profits from forex trading through offshore brokers are taxable in India. Consult a chartered accountant regarding classification (speculative business income vs. capital gains) and applicable rates.
This is not legal or tax advice. Indian traders should consult qualified professionals regarding FEMA compliance and tax obligations before funding an offshore trading account. For all bonus-eligible brokers available in India, check the India forex bonus hub.
JustMarkets Loyalty Program
JustMarkets runs a cashback loyalty program returning From 0.3 pips of spreads and commissions, credited daily as JM USD reward currency. Standard Cent and Copytrading accounts are not eligible; document verification is required. The cashback stacks with the deposit bonus, so active Indian traders can run both simultaneously.
Loyalty program terms could not be fully verified due to HTTP 403 access restrictions on justmarkets.com. Confirm details directly with JustMarkets support. For other cashback options in India, see our broker comparison page.
How JustMarkets Compares in India
Indian traders have multiple broker options. Here is how JustMarkets stacks up against commonly used alternatives in the Indian market.
| Feature | JustMarkets | XM | FBS |
|---|---|---|---|
| Min deposit | $10 | $5 | $5 |
| NDB available in India | Yes ($30) | $30 NDB | $30 NDB |
| Best deposit bonus | 120% on $500+ | Check broker website for current details | 100% on first deposit |
| UPI deposits | Yes | Check broker website for current details | Check broker website for current details |
| INR deposits | Yes | Check broker website for current details | Check broker website for current details |
| Platforms | MT4, MT5 | MT4, MT5 | MT4, MT5 |
| Vetting score | 7.5 / 10 | Check broker website for current details | Check broker website for current details |
Summary comparison only. Full broker profiles: JustMarkets review | Broker comparison
JustMarkets leads on bonus percentage (120%) and NDB availability for India. The $30 NDB is uncommon among brokers that accept Indian clients, which makes it a genuine differentiator. The volume requirements are demanding (300 lots for the 120% tier), and the NDB profit cap ($30) is modest. Indian traders should weigh the total cost of trading (spreads, commissions, swap rates) alongside bonus terms. Use the Bonus Finder to compare all current offers available in India.
Frequently Asked Questions
Can Indian traders claim the JustMarkets $30 no-deposit bonus?
Yes. As of June 2026, India is not on the excluded countries list for the JustMarkets $30 NDB. Indian traders can open a Welcome Account, complete phone verification, and receive the $30 bonus. The bonus requires 5 lots traded within 30 days on forex or precious metals, with a $30 profit cap and a mandatory $100 deposit before profit withdrawal. Verify current eligibility on justmarkets.com.
Does JustMarkets accept UPI deposits from India?
JustMarkets supports UPI as a deposit method for Indian traders, allowing direct INR funding through Google Pay, PhonePe, Paytm, BHIM, or other UPI-enabled apps. Funds typically credit within minutes. The INR amount converts to USD at the prevailing exchange rate. Processing times and minimums should be confirmed in your JustMarkets BackOffice, as these details may change.
Is JustMarkets legal in India?
JustMarkets is not SEBI-registered, and no offshore forex CFD broker holds an Indian licence. Offshore forex trading occupies a regulatory grey area under FEMA. The RBI permits overseas remittances up to $250,000 per year under the LRS, and millions of Indian traders use international brokers. However, this is not a legal endorsement. Consult a qualified professional regarding FEMA compliance and your specific tax obligations before trading.
What is the best JustMarkets bonus for Indian traders?
The $30 NDB is the best starting point for testing the platform without risking INR. For funded trading, the 120% deposit bonus on a $500+ deposit (Standard or Pro account) offers the highest percentage, crediting $600 in bonus margin on a $500 deposit. Traders with smaller budgets can start with the 50% tier at just $10. Volume requirement across all deposit tiers: bonus amount divided by 2 in lots, within 30 days (or 90 days for the Double Benefit variant).