JustMarkets Review 2026: Bonuses & Verdict

JustMarkets is a forex and CFD broker regulated by CySEC, FSA Seychelles, FSCA South Africa, and FSC Mauritius, serving traders in emerging markets from a $10 minimum deposit on MT4 and MT5. It built its reputation on an aggressive bonus program — but as of 18 August 2026 we could not verify any of its four headline bonus offers, because JustMarkets no longer publishes them on its site. This independent review covers regulation, trading conditions, platforms, that verification gap, and what we still recommend the broker for. Broker data verified June 2026; bonus status re-checked 18 August 2026.

Affiliate disclosure: forex-bonus.com may receive compensation if you open an account through links on this page. This does not influence our ratings or analysis. See our review methodology for how we evaluate brokers.

Risk warning: Forex and CFD trading carries significant risk. The majority of retail trader accounts lose money. You should not trade with money you cannot afford to lose.

Quick Verdict

Category	Detail
Rating	7.5 / 10
Regulation	CySEC (License 401/21), FSA Seychelles, FSCA South Africa (License 51114), FSC Mauritius (License GB22200881)
Founded	2012
Min. Deposit	$10 (Standard Cent)
Platforms	MetaTrader 4, MetaTrader 5
Bonus Programs	$30 no-deposit bonus and 50%/100%/120% tiered deposit bonus — all four unverified as of 18 August 2026; loyalty cashback and referral programs unverified
Best For	Beginner and intermediate traders in emerging markets who want a low entry barrier, cent-lot sizing, and MT4/MT5 — judged on trading conditions rather than promotions
Bonus Availability	Not available in EU, UK, Australia, US, Canada, or Japan. The no-deposit bonus additionally excludes Nigeria and South Africa

JustMarkets scores 7.5/10 in our vetting framework. The broker launched in 2012 as JustForex, rebranding to JustMarkets in 2022, and has built a four-regulator structure spanning CySEC, FSA Seychelles, FSCA South Africa, and FSC Mauritius. It built its public reputation on an aggressive promotional program: a $30 no-deposit bonus for new clients, plus a three-tier deposit bonus system reaching 120% on deposits of $500 or more.

That promotional lineup is the part of this review that changed. On 18 August 2026 we moved all four offers to unverified: their recorded pages return 404, the promotions hub redirects to a homepage with no promotions section, and none of them appear in JustMarkets’ public sitemaps. We are not calling them expired — the broker has issued no withdrawal statement — but we could not verify any of them is running, and we no longer recommend JustMarkets on the strength of them. The evidence is set out in the Bonuses section below.

The other tradeoffs are unchanged and real. Bonus-eligible clients trade under the Seychelles entity, where regulatory protection is substantially weaker than CySEC. The no-deposit bonus excluded Nigeria and South Africa even while it was documented. And the volume requirements on the deposit tiers were steep enough to erode the bonus value through spread costs. This review covers all of it honestly, including what we have not yet tested ourselves.

If you do find a live promotion in your own client area, use our bonus calculator to model the true cost of meeting its volume requirement before you claim it.

Who JustMarkets Is

JustMarkets launched in 2012 under the name JustForex. The company rebranded to JustMarkets in 2022 to reflect an expanded product range beyond forex pairs into metals, indices, commodities, cryptocurrencies, and share CFDs — our guide to JustForex becoming JustMarkets explains what the change meant for existing accounts and offers.

The broker operates a multi-entity corporate structure, which is standard among brokers that serve both regulated European markets and bonus-eligible emerging markets:

• JM Financial Ltd — registered under the FSA Seychelles. This is the primary entity for bonus-eligible clients in Asia, Africa, the Middle East, and Latin America.
• JustMarkets Ltd — regulated by CySEC (Cyprus Securities and Exchange Commission, License 401/21). Serves EU-based clients under ESMA rules. No bonuses permitted for retail clients under this entity.
• FSCA South Africa — License 51114. Provides a regulated footprint for South African traders.
• FSC Mauritius — License GB22200881. Additional offshore regulatory presence.

The entity you register under determines your regulatory protections and bonus eligibility. This is a critical distinction that many broker review sites gloss over. Traders in the EU, UK, Australia, the United States, Canada, and Japan cannot access JustMarkets bonus programs. Traders in Indonesia, Malaysia, the Philippines, Pakistan, Bangladesh, and Gulf countries typically register under the Seychelles entity where promotions are available.

One important detail: Nigeria and South Africa are explicitly excluded from the no-deposit bonus according to the terms we reviewed, despite being key emerging markets. Nigerian and South African traders can still open live accounts, but the NDB was never open to them — and it is now unverified on top of that.

JustMarkets celebrated its 14th anniversary in June 2026, marking a reasonably long track record by forex industry standards. For context on how forex bonuses work across the industry, see our forex bonus guide.

Regulation and Safety

Regulation is the single most important factor in choosing a broker. Here is how JustMarkets’ regulatory structure breaks down entity by entity, and what each license actually means for your money.

CySEC — Cyprus Securities and Exchange Commission (License 401/21)

CySEC is a respected EU regulator. Under CySEC, JustMarkets must:

• Segregate client funds from company operating capital in separate bank accounts
• Participate in the Investor Compensation Fund (ICF), covering up to EUR 20,000 per client if the broker becomes insolvent
• Provide negative balance protection for all retail clients
• Comply with ESMA rules, including a ban on bonuses and trading incentives for retail traders
• Submit to regular audits and capital adequacy requirements

The CySEC license is a genuine trust signal. However, if you access bonus programs, you do not trade under this entity. The CySEC license provides indirect credibility, not direct protection for bonus users.

FSA Seychelles — Financial Services Authority

The Seychelles entity is where most bonus-eligible clients trade. FSA Seychelles oversight includes:

• Business registration and basic licensing requirements
• Anti-money laundering (AML) and know-your-customer (KYC) compliance obligations
• No investor compensation fund equivalent to EU standards
• No mandatory negative balance protection
• Lighter ongoing supervision compared to CySEC, FCA, or ASIC

Seychelles regulation is standard among bonus brokers. It allows JustMarkets to offer trading incentives and higher leverage that tier-1 regulators prohibit. The tradeoff is substantially reduced client protection if disputes arise or if the broker faces financial difficulty.

FSCA South Africa (License 51114)

The Financial Sector Conduct Authority in South Africa provides regulatory oversight for the broker’s South African operations. FSCA regulation includes client fund protection requirements and oversight of market conduct. This is a meaningful addition above a pure Seychelles-only structure.

FSC Mauritius (License GB22200881)

The Financial Services Commission of Mauritius provides an additional offshore regulatory layer. Mauritius regulation is a step above unregulated status but below CySEC or FSCA in protective strength.

Our Regulatory Assessment

JustMarkets’ four-regulator structure (CySEC + FSA Seychelles + FSCA + FSC Mauritius) is stronger than many bonus-focused competitors that hold only a single offshore license. The CySEC and FSCA licenses distinguish JustMarkets from pure-offshore brokers operating solely under Vanuatu, SVG, or Marshall Islands registration.

That said, the practical regulatory protection for emerging market traders using bonuses is limited to FSA Seychelles standards. JustMarkets has operated since 2012 without major publicized regulatory sanctions, which is a positive indicator over a 14-year period. Absence of sanctions is a minimum bar, though, not a guarantee of safety.

For the full breakdown of how we evaluate broker safety and what each regulator actually enforces, see our review methodology.

Bonuses and Promotions

JustMarkets built its profile on an active promotional program: a no-deposit bonus, a three-tier deposit bonus system, a loyalty cashback program, and periodic contests. All amounts, volume requirements, and conditions below come from our Broker & Bonus Matrix. Read this whole section as documented terms with a verification problem, not as a claim list.

Verification Status: All Four Bonus Offers Unverified (18 August 2026)

On 18 August 2026 we moved the $30 no-deposit bonus and all three deposit bonus tiers from active to unverified. The evidence:

Check	Result (18 August 2026)
All four recorded offer URLs	Return 404
justmarkets.com/trading/promotions	Redirects to the homepage
Homepage	No promotions section
sitemap-en.xml (951 URLs)	None of the four offers listed
sitemap-ph.xml (140 URLs)	None of the four offers listed
Promo URLs across both sitemaps	Six: two contests (both ended), the promotions index, three editorial articles

Three earlier verification attempts were inconclusive, because justmarkets.com serves HTTP 403 to automated fetches and its promo paths returned 404s and homepage redirects that were equally consistent with geo-suppression for banned regions. The sitemaps settle that ambiguity: a sitemap is a static file served identically to every visitor, so absence from it is not regional suppression.

What we can say: JustMarkets no longer publishes these offers publicly, and we could not verify any of them is running. What we deliberately do not say is that they expired, were withdrawn, or ended — we have no broker statement to that effect, and they may still exist inside the client BackOffice. Our Matrix verified_date was deliberately not advanced, because nothing was verified as running.

The practical consequence for you: do not open a JustMarkets account in order to claim any of the four offers below. If a promotion matters to your decision, confirm it in writing with JustMarkets support first. The full evidence trail and verified alternatives are in our JustMarkets no deposit bonus guide, and every status change we make is logged in the bonus change tracker.

Offers we have verified as active at other brokers are in the bonus finder.

No-Deposit Bonus ($30) — Unverified

The recorded offer: $30 credited to a Welcome Account for new clients who complete phone verification, with no deposit required to receive it. These are the terms as last recorded (June 2026), preserved for reference. They describe an offer we cannot currently confirm exists.

Term	Terms as last recorded (June 2026)
Amount	$30
Volume requirement	5 lots within 30 days; cumulative profit/loss from all trades must exceed 60 pips
Time limit	30 days active trading period, plus an additional 30 days to transfer profit to a live account
Profit cap	$30 maximum withdrawable profit
Max positions	5 concurrent positions; max 0.01 lots per position
Eligible instruments	Forex pairs and precious metals only
Restrictions	EA/robot trading prohibited; bonus itself is non-withdrawable
Withdrawal gate	Must deposit minimum $100 into a live account before transferring NDB profit
Current status	Unverified as of 18 August 2026 — not published on JustMarkets’ site

Country eligibility as recorded: select countries across Asia, Latin America, parts of Africa, and the Middle East. Not available in: EU, UK, US, Canada, Japan, Australia, Nigeria, South Africa, Algeria, Angola, Botswana, and Vietnam.

The Nigeria and South Africa exclusion is significant for our audience, and it is independent of the verification issue: if you are in either country, this NDB was never open to you. Check XM’s $50 no-deposit bonus instead — verified active on 7 August 2026, with both countries on its eligible list. Windsor Brokers’ $30 NDB is not an alternative here — clause 20 of its terms excludes Nigeria and South Africa too.

Was it worth it? As documented, the $30 credit served one purpose well: testing the platform and execution without depositing your own money. With a $30 profit cap and a $100 deposit required before withdrawing profit, it was a trial mechanism rather than an income opportunity, and the 5-lot requirement at a 0.01-lot position cap meant roughly 500 manual trades in 30 days. That analysis is now academic until the offer can be verified again.

For no-deposit offers we have verified as running, see our no-deposit bonus guide.

Tiered Deposit Bonus (50% / 100% / 120%) — Unverified

All three tiers moved to unverified on 18 August 2026 on the same evidence as the NDB. The structure below is the recorded design, not a current offer:

Tier	Deposit Bonus	Minimum Deposit	Account Types	Time Limit
Tier 1 — 50%	50% of deposit	$10 (Standard Cent, Standard, Pro)	Standard Cent, Standard, Pro	30 calendar days
Tier 2 — 100%	100% of deposit	$100 (Standard, Pro)	Standard, Pro	90 calendar days (Double Benefit) or 30 days (campaign variant)
Tier 3 — 120%	120% of deposit	$500 (Standard, Pro only)	Standard, Pro (Cent not eligible)	30 calendar days

Volume requirement (all tiers): Bonus amount / 2 = required lots. For example, a $500 deposit at 120% gives you a $600 bonus. You must then trade 300 lots before the bonus becomes withdrawable. Orders generating less than 5.9 pips of profit do not count toward the volume requirement.

Profit cap: No explicit profit cap. Profits are withdrawable at any time, but withdrawing funds before meeting the volume requirement removes the bonus proportionally.

Maximum combined bonus: $40,000 across all deposit tiers and accounts. Deposits are not combined for tier eligibility — each deposit is evaluated individually.

Bonus mechanics: The bonus is credited as non-withdrawable trading margin (appears in the Credit field, not Balance). Once you meet the volume requirement, the bonus auto-converts from Credit to Balance within approximately 2 hours, at which point it becomes withdrawable.

Was the deposit bonus worth it? As recorded, that depended entirely on whether you would trade the required volume anyway. Here is the math on the 120% tier:

• You deposit $500 and receive $600 bonus
• You must trade 300 lots to unlock the bonus
• At a typical spread of 1.5 pips on EUR/USD ($15 per lot), your spread cost over 300 lots is approximately $4,500
• The $600 bonus versus $4,500 in spread costs means the bonus covers about 13% of your trading costs

For an active trader who would trade 300 lots within 30 days regardless, that structure would have been genuinely valuable — additional margin plus a partial rebate on costs already being incurred. For anyone who would not normally trade that volume, forcing 300 lots inside 30 days would cost more in spreads, overtrading losses, and rushed decisions than the bonus was worth.

The 50% tier was the most accessible: a $100 deposit produced a $50 bonus requiring 25 lots within 30 days. The 100% tier on a $100 deposit (50 lots in 90 days) was also manageable. Again — recorded design, not a current offer.

For the terms and verification history of each JustMarkets offer, see the dedicated JustMarkets bonus page.

Loyalty Cashback Program — Unverified

JustMarkets lists a loyalty program that returns a portion of trading costs as cashback. This record was already unverified before the August 2026 bonus re-check and remains so — its status is unchanged, not newly downgraded.

• Cashback rate: our record carries two conflicting figures — 10% of spreads and commissions in one field, 50% of trading costs in the research notes. We do not print a single headline rate, because we cannot say which is right
• Currency: Paid in JM USD (JustMarkets reward currency)
• Payout: Next business day, per the record
• Not available for: Standard Cent accounts and Copytrading accounts
• Requirement: Document verification completed

Structurally this looks like a genuine trading-cost rebate rather than a bonus — our record lists JM USD rewards as converting to withdrawable cash balance, which is a meaningful difference from the non-withdrawable credit the deposit tiers paid. But an unresolved rate conflict is not something to plan around. The detail, and the per-lot IB rebate route that does carry a confirmable rate, are in our JustMarkets cashback guide.

Anniversary Contest (June-July 2026) — Ended

JustMarkets’ 14th anniversary trading contest has ended — its official period (June 1 to July 31, 2026) has passed and our Matrix marks it expired:

• Prize pool: $50,000+ including physical gold bars (20g for the top 3) and cash prizes
• Participation: Verified clients with a $100+ account balance trading at least 3 lots; 10+ lots qualified for the Final Lucky Draw
• Weekly draws: 5 winners of $200 each week while it ran
• Exclusions: Australia, Canada, Japan, India, UK, US (per the official terms)
• Period: June 1 to July 31, 2026 — closed

This is a time-limited promotion and may not be available when you read this. Contest promotions are marketing events, not guaranteed bonuses. Treat them as a potential upside to trading you would do anyway, not as a reason to trade.

Trading Conditions

Spreads and Execution

[NEEDS-TEST-DATA] — All spread figures below are based on JustMarkets’ published account structure and third-party reports. We have not yet recorded live spreads from a funded account during active market sessions.

JustMarkets operates a spread-based pricing model on Standard and Pro accounts, with a raw spread plus commission model on Raw Spread accounts. Based on the account structure:

• Standard accounts: Spreads from 0.3 pips, no separate commission. Typical EUR/USD spreads will be wider than the 0.3-pip minimum during active sessions — broker websites display best-case figures, not averages.
• Pro accounts: Tighter spreads than Standard, still no commission. This is the recommended account for traders who want clean pricing without per-lot fees.
• Raw Spread accounts: Spreads from 0.0 pips plus a commission from $3 per lot per side ($6 round turn). Aimed at scalpers and high-frequency traders.

Execution type: JustMarkets has not clearly disclosed whether it operates as STP, ECN, or market maker. This is worth confirming directly with the broker before committing significant capital, especially if you use scalping or news-trading strategies where execution model matters.

Until we complete live spread testing, we recommend opening a demo account on your preferred account type and observing spreads during your normal trading hours. Compare what you see against XM and FBS demos to benchmark relative competitiveness.

Leverage

Maximum leverage varies by entity and account type:

• Seychelles entity (bonus accounts): Up to 1:3000 on eligible account types
• CySEC entity (EU): Capped at 1:30 for major forex pairs per ESMA rules
• FSCA entity: Check the broker website for current FSCA leverage limits, which are subject to South African regulatory requirements

High leverage is a double-edged sword. It amplifies both gains and losses. The 1:3000 figure, if accurate, is among the highest in the industry. Beginners should use conservative leverage regardless of the maximum available.

Account Types

JustMarkets offers multiple account tiers designed for different trader profiles:

Feature	Standard Cent	Standard	Pro	Raw Spread
Min. Deposit	$10	$10	$10	$10
Lot Size	Cent lots (1,000 units)	Standard lots (100,000 units)	Standard lots	Standard lots
Spreads	From 0.3 pips	From 0.3 pips	From 0.1 pips	From 0.0 pips
Commission	None (spread only)	None (spread only)	None (spread only)	From $3 per lot per side
Max Leverage	Up to 1:3000	Up to 1:3000	Up to 1:3000	Up to 1:3000
Platforms	MT4, MT5	MT4, MT5	MT4, MT5	MT4, MT5
Bonus Eligible	50% tier only	50%/100%/120% tiers	50%/100%/120% tiers	Not eligible
Loyalty Cashback	Not eligible	Eligible	Eligible	Eligible

The Standard Cent account is designed for beginners. Cent lot trading means your position sizes and risk per trade are 100 times smaller than a standard account. A 1-cent-lot position on EUR/USD at 1:100 leverage requires only about $10 of margin. This allows genuine practice with real money at minimal financial exposure.

The $10 minimum deposit is competitive, though not the absolute lowest in the industry. For comparison, InstaForex accepts $1, and XM starts at $5. JustMarkets’ $10 minimum is still well within reach for traders in emerging markets.

The Pro account is the sweet spot for most active traders — no commission, tighter spreads than Standard, and full bonus eligibility across all deposit tiers.

Note that our Matrix data confirms a $10 minimum deposit, not $1 as some sources report. On 1 September 2026 our team verified the $10 figure directly on the broker’s own account pages: both the Standard and Standard Cent accounts open from $10, on MT4 and MT5, with account currencies including MYR, IDR, THB, ZAR and NGN. Full tier detail is on our JustMarkets minimum deposit page.

Platforms

JustMarkets supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both are available as desktop software for Windows, web-based browser terminals, and mobile apps for iOS and Android.

MetaTrader 4

MT4 remains the most widely used retail forex platform globally. Key capabilities:

• Automated trading through Expert Advisors (EAs)
• Custom indicators with a massive community library
• One-click trading and multiple chart types
• 9 timeframes, 30+ built-in technical indicators
• Strategy backtesting via the Strategy Tester

MT4 is the safer choice if you use EAs or custom indicators that were built for the MT4 environment, which represents the majority of freely available tools online.

MetaTrader 5

MT5 extends MT4 with additional features:

• 21 timeframes (vs. MT4’s 9)
• Depth of Market (DOM) data for order flow analysis
• Built-in economic calendar
• Improved backtesting with multi-currency support
• Netting and hedging position accounting
• Additional pending order types (Buy Stop Limit, Sell Stop Limit)

MT5 is the better choice for traders who want deeper analytical tools or trade instruments beyond forex. Both platforms are thoroughly documented and widely supported.

JustMarkets does not offer cTrader, TradingView integration, or a proprietary advanced platform. If you need cTrader access, consider LiteFinance which offers it alongside MT4/MT5. If TradingView integration is important, Tickmill provides free TradingView subscriptions based on trading volume.

Deposit and Withdrawal

Deposit Methods

• Minimum deposit: $10 (Standard Cent account)
• Bank wire: Available, processing times vary by region
• Credit/debit cards: Visa and Mastercard accepted
• E-wallets: Skrill, Neteller, and additional regional options
• Cryptocurrency: Bitcoin and other crypto deposits available
• Local payment methods: Country-specific options vary. JustMarkets supports local payment processors in several Asian and African markets, though the exact methods available depend on your country of registration.

Country-specific payment notes:

• Indonesia: Local bank transfers via Indonesian banks are typically available
• Malaysia: Local bank transfer options available; check broker website for current details
• Philippines: Local bank transfers available; check broker website for current details
• India: Local bank transfer available; check broker website for current details
• Pakistan: Local bank transfer options available; check broker website for current details

Cryptocurrency deposits are particularly useful for traders in markets with limited international banking infrastructure. They can offer faster processing and lower fees compared to traditional cross-border wire transfers.

Withdrawal Processing

• Processing time: Instant for e-wallets; 1-5 business days for bank wire transfers. Actual timeframes may vary by region and payment provider.
• Withdrawal fees: No fees charged by JustMarkets. Your payment provider may apply separate charges for receiving funds.
• Minimum withdrawal: $1
• Important: Withdrawing funds while a deposit bonus is active will remove the bonus proportionally. Ensure you understand this before requesting a withdrawal mid-bonus.

Customer Support

JustMarkets provides customer support through multiple channels:

• Live chat: Available on the website and within the trading platform
• Email: Support ticket system
• Email: support@justmarkets.com
• Languages: 20+ languages supported, including English
• Hours: 24/7 live chat support available

[NEEDS-TEST-DATA] — We have not tested JustMarkets’ support response quality or speed. Support quality for Seychelles-entity clients can differ from CySEC-entity clients. We will update this section with actual response time measurements and quality assessments once live testing is complete.

Islamic / Swap-Free Accounts

JustMarkets offers swap-free (Islamic) accounts available on all account types (Standard Cent, Standard, Pro, and Raw Spread). Swap-free accounts do not charge or pay overnight interest (swaps), making them compliant with Islamic finance principles. This is particularly relevant given JustMarkets’ focus on markets with large Muslim populations, including Indonesia, Malaysia, Pakistan, Bangladesh, and Gulf states. Contact JustMarkets support to enable swap-free status on your account.

What We Tested

[NEEDS-TEST-DATA]

Transparency note: We have not yet completed live account testing for JustMarkets. This section will be updated with verified results, including timestamped screenshots, once testing is done. Pending items:

• Account opening and verification: KYC processing time and accepted documents for traders in Indonesia, Malaysia, and the Philippines (Nigeria and South Africa are excluded from the NDB, so testing will focus on eligible countries)
• Actual spreads vs. advertised: Live spread recording during London and New York sessions on EUR/USD, GBP/USD, and XAU/USD across Standard, Pro, and Raw Spread accounts
• Bonus crediting process: How quickly the deposit bonus appears, whether terms are clearly disclosed during the claiming flow, and whether the 50%/100%/120% tier selection works as documented
• Volume tracking: Whether the broker provides transparent real-time tracking of progress toward bonus volume requirements
• Withdrawal test: A full deposit-trade-withdraw cycle to measure actual processing time, including a test of what happens to the bonus when you withdraw partial funds
• Platform performance: Execution speed, slippage frequency, and requote rates on the Seychelles entity during volatile news events

All test results will include timestamped screenshots and specific data points. Until then, this review is based on publicly available information, our Broker & Bonus Matrix data, JustMarkets’ published terms (accessed via third-party citations due to HTTP 403 errors on the main site), and comparative analysis against brokers we have tested.

Reviews labeled “tested” on forex-bonus.com include verified real-account evidence. This review does not yet carry that label. For details on our testing standards, see how we review brokers.

Pros and Cons

Pros

1. Four regulators including CySEC and FSCA — The combination of CySEC (License 401/21), FSA Seychelles, FSCA South Africa (License 51114), and FSC Mauritius (License GB22200881) provides stronger credibility than pure-offshore brokers with a single Vanuatu or SVG registration.
2. Standard Cent account for low-risk learning — Cent lot trading reduces per-trade risk to very small amounts. Combined with a $10 minimum deposit, this creates one of the gentler environments for genuine live trading practice.
3. Low entry cost across the range — $10 recorded minimum on Standard Cent, with MT4 and MT5 on every account type including mobile.
4. 14-year operating history — Operating since 2012 with no major publicized regulatory actions across any of its four regulated entities.
5. Swap-free accounts on every account type — Relevant for the large Muslim trader populations in JustMarkets’ core markets (Indonesia, Malaysia, Pakistan, Bangladesh, the Gulf).
6. Cryptocurrency deposits — Useful for traders in markets with limited traditional banking access or expensive international wire transfer fees.
7. Documented, formula-based bonus terms — When the offers were published, the conditions were unusually specific (volume = bonus ÷ 2, the cumulative 60-pip rule, the 5.9-pip threshold). Restrictive, but disclosed rather than vague.

Cons

1. We could not verify any of its four bonus offers — As of 18 August 2026 the $30 NDB and all three deposit tiers are unverified: their pages return 404, the promotions hub redirects to the homepage, and none appear in the broker’s sitemaps. The promotions this broker is best known for are not currently something you can plan around.
2. Bonus clients trade under offshore regulation — The FSA Seychelles entity offers substantially weaker protections than CySEC. No investor compensation fund, no guaranteed negative balance protection for offshore clients.
3. Nigeria and South Africa excluded from the no-deposit bonus — Two of the largest emerging market forex trading populations were explicitly excluded from the NDB even while it was published. This kills the offer’s reach for a large part of our core audience.
4. Steep volume requirements on the higher bonus tiers — The recorded 120% bonus on a $500 deposit required 300 lots in 30 days. At typical spreads, the cost of reaching that target often exceeded the bonus value.
5. Spread data unverified — Without live testing, we cannot confirm whether JustMarkets’ spreads are competitive against peers like XM, FBS, or Exness.
6. Broker website blocked automated access — JustMarkets.com returned HTTP 403 errors throughout our research, preventing direct verification of terms. Matrix data is sourced from third-party citations of JustMarkets’ official terms, and the 403 wall is a large part of why the bonus status question took four passes to resolve.
7. No cTrader, no TradingView, no proprietary platform — Limited to the MetaTrader ecosystem. Traders wanting order-flow tools, depth of market beyond MT5, or TradingView integration must look elsewhere.
8. Rebranding history — The change from JustForex to JustMarkets in 2022 can cause confusion. Ensure you are on the correct, current website (justmarkets.com).

Who Should Use JustMarkets

JustMarkets is a good fit if you:

• Are a beginner or intermediate trader in an emerging market and want a broker judged on its trading conditions rather than its promotions
• Prefer a low minimum deposit ($10) with the option to trade cent lots for small-size practice
• Use MetaTrader 4 or MetaTrader 5 and do not need cTrader or TradingView integration
• Value a broker with multiple regulators (CySEC, FSCA) beyond just a single offshore license
• Need swap-free (Islamic) account handling across every account type
• Want a per-lot rebate that does not depend on the broker’s own promotions — our IB cashback route pays on closed volume regardless of what JustMarkets is publishing

One thing this list no longer includes: claiming a bonus. As of 18 August 2026 we cannot verify any of JustMarkets’ four headline offers, so none of them belongs in a reason-to-open-an-account list. If a promotion is your deciding factor, confirm it with the broker first or choose a broker whose offer we have verified.

Who Should NOT Use JustMarkets

JustMarkets is not the right choice if you:

• Are based in the EU, UK, Australia, the United States, Canada, or Japan — bonuses are not available, and there are better-regulated alternatives without promotional overhead
• Want a bonus you can count on — all four JustMarkets offers are unverified as of 18 August 2026, so a promotion is not a reason to pick this broker right now
• Are in Nigeria or South Africa and specifically want a no-deposit bonus — you were excluded from the JustMarkets NDB regardless of its status. Consider XM instead, whose $50 offer was verified active on 7 August 2026 with both countries eligible (Windsor’s NDB excludes both countries as well)
• Need the tightest possible raw spreads for scalping or high-frequency strategies — dedicated ECN brokers like Tickmill or IC Markets may offer better pricing
• Require cTrader, TradingView, or advanced proprietary platforms with order-flow tools
• Prioritize trading under a tier-1 regulator only (FCA, ASIC, CySEC) and are uncomfortable with offshore Seychelles regulation for your live trading
• Want a broker with extensive independently verified user feedback — JustMarkets has less third-party review coverage than XM or Exness, making it harder to validate the experience from external sources
• Plan to use Expert Advisors on a bonus account — EA trading is prohibited on the no-deposit bonus Welcome Account

How JustMarkets Compares

JustMarkets competes directly with other bonus-focused brokers targeting emerging markets. Here is a quick comparison of the brokers most frequently searched alongside JustMarkets:

Feature	JustMarkets	XM	FBS
Min. Deposit	$10	$5	$5
Regulation	CySEC + FSA Seychelles + FSCA + FSC Mauritius	CySEC + ASIC + IFSC + DFSA + FSCA + FCA	CySEC + FSC Belize + ASIC + FSCA
No-Deposit Bonus	$30 recorded — unverified 18 Aug 2026; excluded NG, ZA	$50 — active, verified 7 Aug 2026; includes NG, ZA	$100 Quick Start (app-only) — recorded, unverified
Deposit Bonus	Up to 120% recorded — unverified 18 Aug 2026	Up to 50%+20% (up to $5,000) — active	100% first deposit + tiered subsequent — active, re-verified 7 Aug 2026
Loyalty Program	Cashback on spreads — unverified, conflicting rates on file	XM Traders Club (XM Coins) — unverified	Cashback up to $15/lot — unverified
Platforms	MT4, MT5	MT4, MT5, WebTrader	MT4, MT5, FBS app
Founded	2012	2009	2009
Vetting Score	7.5/10	8.5/10	7.5/10

XM holds more regulatory licenses, has a longer track record, and crucially includes Nigeria and South Africa in its NDB eligibility — and its $50 offer is the only no-deposit bonus in this table we have verified as running. FBS advertises a higher NDB amount ($100 via Quick Start) but that record is unverified too; its deposit bonus, by contrast, was re-verified against the official T&C PDF on 7 August 2026 — our JustMarkets vs FBS comparison goes through both ladders side by side.

On paper JustMarkets’ differentiator was the 120% deposit tier, among the highest percentage matches offered by any multi-regulated broker. That advantage is currently theoretical: we cannot verify the tier is running. Judged on what a reader can actually claim today, XM is the broker in this table with a verified live no-deposit offer and FBS the one with a verified live deposit bonus.

For detailed side-by-side analysis, see our broker comparison hub once head-to-head pages are published.

FAQ

Is JustMarkets a legitimate broker?

Yes. JustMarkets holds licenses from four regulators: CySEC (Cyprus, License 401/21), FSA Seychelles, FSCA South Africa (License 51114), and FSC Mauritius (License GB22200881). The CySEC license requires segregated client funds, negative balance protection, and participation in the Investor Compensation Fund for clients under that entity. The broker has operated since 2012 without major regulatory sanctions. Bonus-eligible traders register under the Seychelles entity, which has weaker protections than CySEC. See our review methodology for details on how we evaluate broker legitimacy.

Are the JustMarkets bonuses still running?

We could not verify that they are. On 18 August 2026 the $30 no-deposit bonus and all three deposit tiers moved to unverified: their recorded pages return 404, justmarkets.com/trading/promotions redirects to a homepage with no promotions section, and none of the four appears in the broker’s public sitemaps (951 URLs in the English one, 140 in the Philippines one). We are not saying they expired — JustMarkets has issued no statement withdrawing them, and they may still exist inside the client BackOffice. We are saying the broker no longer publishes them and we could not confirm they are live. Full evidence in our JustMarkets no deposit bonus guide.

Can I withdraw the JustMarkets no-deposit bonus?

Per the terms as last recorded: the $30 credit itself was non-withdrawable, and only profit was withdrawable, capped at $30. Unlocking it required 5 lots of trading within 30 days with cumulative profit/loss exceeding 60 pips, then a minimum $100 deposit into a live account before the transfer. Those are historical terms for an offer we cannot currently verify is running — treat them as reference, not as a plan.

How did the JustMarkets deposit bonus volume requirement work?

The recorded formula was: bonus amount divided by 2 equals required lots. A $500 deposit at 120% produced a $600 bonus, requiring 300 lots. Trades generating less than 5.9 pips of profit did not count. Once the volume threshold was met, the bonus converted from Credit to Balance within approximately 2 hours and became withdrawable. Like the rest of the deposit-bonus record, this is unverified as of 18 August 2026.

Is the JustMarkets 120% deposit bonus available to all traders?

The tier is unverified as of 18 August 2026, so the first answer is that we cannot confirm it is available to anyone right now. As recorded, it required a single deposit of $500 or more into a Standard or Pro account (Cent accounts were not eligible), with a $40,000 maximum combined bonus across tiers, and traders in the EU, UK, US, Canada, Japan, and Australia could not access any deposit bonus.

What is the minimum deposit for JustMarkets?

Our Broker & Bonus Matrix indicates a $10 minimum deposit for the Standard Cent account. Some third-party sources cite $1, but we could not verify this directly on the JustMarkets website (which returned HTTP 403 errors during research). Verify the current minimum on the JustMarkets registration page before funding.

Are JustMarkets bonuses available in Nigeria?

Nigeria was explicitly excluded from the $30 no-deposit bonus, so that offer was never available to Nigerian traders — and it is now unverified on top of that. The deposit tiers did not exclude Nigeria in our records, but all three are also unverified as of 18 August 2026, so we cannot tell you they are running either. Nigerian traders can still open live accounts. For a no-deposit bonus we have verified as active and that lists Nigeria as eligible, see XM’s $50 no-deposit bonus, or check our Nigeria forex bonus guide.

Is JustMarkets good for beginners?

The account structure is beginner-oriented: a $10 minimum deposit, a Standard Cent account with cent lot sizing, and MT4/MT5 including mobile. We would no longer add “and a $30 no-deposit bonus” to that list, because we cannot verify the offer is running. Forex trading itself carries significant risk regardless of the broker — the majority of retail trader accounts lose money, and starting small limits your exposure without eliminating it.

Does JustMarkets offer swap-free Islamic accounts?

Yes. JustMarkets offers swap-free (Islamic) accounts on all account types, including Standard Cent, Standard, Pro, and Raw Spread. Swap-free accounts remove overnight swap charges to comply with Islamic finance principles. Contact JustMarkets support to enable swap-free status on your account.

Final Verdict

JustMarkets holds its 7.5/10 rating in our vetting framework. The broker combines a 14-year operating history, four regulatory licenses (CySEC, FSA Seychelles, FSCA, FSC Mauritius), a $10 minimum deposit, and MT4/MT5 into a package aimed at beginner and intermediate traders in emerging markets. It stays on our approved list, and it is plainly still operating.

The strengths that survive this update are the structural ones: the four-regulator footprint offers more credibility than the pure-offshore brokers that dominate this niche, the Standard Cent account is a genuinely gentle place to practise at small size, and swap-free handling across every account type matters in JustMarkets’ core markets.

The weaknesses are sharper than they were. Bonus clients trade under FSA Seychelles regulation with limited investor protection. Without live spread testing we cannot confirm the pricing is competitive against XM or Exness. And the promotional program the brand is best known for — the $30 NDB and the 50%/100%/120% ladder — is entirely unverified as of 18 August 2026. We are not calling those offers expired, but we will not recommend the broker on the strength of them either.

So recommend it for what we can stand behind. For beginner traders in Indonesia, Malaysia, the Philippines, Pakistan, Bangladesh, and other emerging markets, JustMarkets is worth considering alongside XM and FBS on its regulation, its entry cost, and its cent account — not on a bonus. If a no-deposit bonus is what you actually want, XM’s $50 offer is the one on this shortlist we have verified as running, and it is the one that lists Nigerian and South African traders as eligible — the JustMarkets NDB excluded both countries even when it was published, as does Windsor’s.

If JustMarkets fits on trading conditions, you can open a JustMarkets account and check what promotions, if any, appear in your own client area — then use the bonus calculator to model the real cost of any volume requirement attached to them before you claim. A per-lot IB cashback rebate is the one form of ongoing value here that does not depend on the broker’s promotions page existing. And remember: no bonus changes the fundamental reality that most retail traders lose money in forex.

Broker data verified against the Broker & Bonus Matrix, June 2026. Bonus status re-checked 18 August 2026: the $30 no-deposit bonus and the 50%/100%/120% deposit tiers are recorded as unverified — not published on JustMarkets’ site, and not confirmed as running. The loyalty, promo-code and referral records were already unverified and are unchanged; the Great Anniversary Contest expired 31 July 2026. Sections marked [NEEDS-TEST-DATA] await live account testing.

Explore JustMarkets in Detail

Dedicated JustMarkets pages with the full Matrix-verified detail on each topic:

JustMarkets Bonus Terms

JustMarkets Spreads

JustMarkets Withdrawal

JustMarkets Min Deposit

JustMarkets Account Types