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), accepts Indian clients, and supports UPI funding.
Read this before the rest of the page. India was not on the exclusion list for JustMarkets’ $30 no-deposit bonus or its deposit tiers — but as of 18 August 2026 all four of those offers are unverified. JustMarkets no longer publishes them: the recorded pages return 404, the promotions hub redirects to the homepage, and none appears in the broker’s public sitemaps. We are not calling them expired, because the broker has issued no such statement. We are saying we could not verify any of them is running, so this page no longer recommends JustMarkets to Indian traders on the strength of a bonus. What follows covers that status, then UPI and INR funding, account types, and the SEBI/RBI context — the parts that still hold. 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 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 Status
India is not on the recorded exclusion list for this offer (which covers the EU, UK, US, Canada, Japan, Australia, Algeria, Angola, Botswana, Nigeria, South Africa, and Vietnam). So the geographic answer for Indian traders has always been yes.
The verification answer, as of 18 August 2026, is that we could not confirm the offer is running. Here is exactly what we checked:
- The recorded source URL,
justmarkets.com/trading/promotions/welcome-bonus, returns a 404 justmarkets.com/trading/promotionsredirects to the homepage, which has no promotions section- The offer appears in neither
sitemap-en.xml(951 URLs) norsitemap-ph.xml(140 URLs). Between them those two sitemaps list six promotional URLs: two contests that have both ended, the promotions index, and three editorial articles
That last check is the decisive one. Three earlier attempts were inconclusive because justmarkets.com serves HTTP 403 to automated fetches and its promo paths behaved in ways equally consistent with geo-suppression for banned regions. A sitemap is a static file served identically to every visitor, so absence from it is not regional suppression.
JustMarkets no longer publishes this offer publicly. We record it as unverified, not expired — absence of a public page is strong evidence, but it is not the broker stating it withdrew the offer, and a version may still exist inside the client portal. If you want it, ask JustMarkets support in writing whether the Welcome Bonus is available to Indian clients before you register. Full evidence in our JustMarkets no deposit bonus guide.
| Detail | Terms as last recorded (June 2026) |
|---|---|
| Bonus amount | $30 |
| Volume requirement | 5 lots within 30 days |
| Pip requirement | Cumulative — the combined profit/loss across all trades must exceed 60 pips (not a per-trade minimum) |
| 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 excluded? | No — India was not on the exclusion list |
| Current status | Unverified as of 18 August 2026 |
Source: JustMarkets official T&C via third-party citation, June 2026; status re-checked 18 August 2026. An earlier version of this table described the pip rule as a per-trade requirement — the recorded terms measure it cumulatively across all closed trades.
How the $30 NDB Worked, as Recorded
These are the documented steps. They describe an offer we cannot currently verify, so treat them as reference rather than instructions:
- Register a new account through the JustMarkets BackOffice, using a valid Indian phone number for verification.
- Open a Welcome Account — a separate account type created specifically for the NDB, not a Standard or Pro account.
- Complete phone verification, required before the $30 was credited.
- Trade within the rules: 5 lots on forex or precious metals within 30 days, with cumulative profit/loss across all trades exceeding 60 pips. Maximum 5 concurrent positions, each capped at 0.01 lots. Automated trading (EAs, robots) prohibited.
- Transfer profit. After meeting the volume requirement, a further 30 days applied to transfer up to $30 in profit — and only after depositing at least $100 into a live trading account.
The $30 credit itself was never withdrawable; only profit generated with it, capped at $30. Note the arithmetic on step 4: 5 lots at a 0.01-lot position cap means roughly 500 closed positions in 30 days, placed manually.
For no-deposit options available to Indian traders whose status we have confirmed, see our India no-deposit bonus hub or use the Bonus Finder.
JustMarkets Deposit Bonuses for India — Now Unverified
India is not on the recorded excluded list for the deposit tiers (only the EU, UK, US, Canada, Japan, and Australia are). But all three tiers moved to unverified on 18 August 2026, on the same evidence as the no-deposit bonus: their recorded URLs return 404, the promotions hub redirects to the homepage, and none of them appears in either public sitemap.
As with the NDB, we are not saying they expired — JustMarkets has stated nothing of the kind, and they may still exist inside the client BackOffice. We are saying JustMarkets no longer publishes them and we could not verify any of them is running. Do not size an INR deposit to reach a tier threshold on the assumption that the tier exists.
| Tier | Deposit Required | Bonus % | Account Types | Time Limit | Status |
|---|---|---|---|---|---|
| Tier 1 | $10+ | 50% | Standard Cent, Standard, Pro | 30 days | Unverified (18 Aug 2026) |
| Tier 2 | $100+ | 100% | Standard, Pro | 30 days (campaign) / 90 days (Double Benefit) | Unverified (18 Aug 2026) |
| Tier 3 | $500+ | 120% | Standard, Pro | 30 days | Unverified (18 Aug 2026) |
Source: JustMarkets official T&C via third-party citation, June 2026; status re-checked 18 August 2026.
Key recorded 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 (as recorded)
The 120% tier was the flagship. As recorded: deposit $500 (roughly INR 42,000) into a Standard or Pro account and JustMarkets credits $600 in bonus margin, for $1,100 of total trading capital. Converting that bonus from non-withdrawable Credit to withdrawable Balance required 300 lots ($600 / 2) within 30 days, with each qualifying trade generating at least 5.9 pips.
For most Indian traders $500 is a significant outlay, and 300 lots inside 30 days is 10 standard lots a day, every day — a full-time volume commitment. Even while the tier was published, the realistic outcome at retail deposit sizes was trading with the extra margin rather than converting it. Now that the tier is unverified, do not plan an INR deposit around it at all.
Our records also describe a separate Double Benefit Bonus at 100% with a 90-day volume deadline, a $100 minimum deposit and a $10,000-per-account cap — part of the same unverified deposit-bonus record. For deposit offers whose status we have confirmed, 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. Fund the account for the trading you actually intend to do — do not stretch a deposit to a $500 equivalent chasing the 120% tier, which we cannot verify is running. If a live promotion appears in your BackOffice, note that deposits were not combined to reach tier thresholds in the recorded terms.
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 (as recorded — all offers unverified) |
|---|---|---|---|---|
| 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 | Not recorded as bonus-eligible |
Account specifications from third-party sources, June 2026. Verify current spreads and conditions on justmarkets.com. The bonus-eligibility column describes offers that are unverified as of 18 August 2026.
Choose between these on spreads and lot sizing rather than bonus eligibility. The Standard account is the most versatile for Indian traders: no commission, $10 to open, and full instrument access. The Pro account offers tighter advertised spreads from 0.1 pips, suiting active traders. The Standard Cent account works for beginners who want cent-lot sizing at reduced per-trade exposure. 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 lists a cashback loyalty program paying rewards in JM USD reward currency, credited the next day, with Standard Cent and Copytrading accounts excluded and document verification required. We do not print a headline rate: our record carries two conflicting figures — 10% of spreads and commissions in one field, 50% of trading costs in the research notes — and we could not resolve the conflict at source because justmarkets.com returned HTTP 403 on every fetch. This record was already unverified before the August 2026 bonus re-check; its status is unchanged.
Confirm the current rate directly with JustMarkets support before relying on it. A per-lot IB rebate is the cashback route with a rate you can confirm on application — see the JustMarkets cashback guide, or compare other options in India on 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 | Not excluded, but unverified 18 Aug 2026 | $50 NDB — active, verified 7 Aug 2026 | $100 Quick Start (app-only) — unverified |
| Best deposit bonus | 120% on $500+ recorded — unverified 18 Aug 2026 | 50% up to $500 + 20% up to $4,500 — active | 100% on first deposit — active, re-verified 7 Aug 2026 |
| 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 used to lead this table on bonus percentage (120%) and NDB availability for India. On offers we can currently verify, it leads on neither: all four of its bonus records are unverified as of 18 August 2026, while XM’s $50 NDB was verified active on 7 August 2026 against XM Global’s own terms document. That reverses the conclusion this section previously reached. If a bonus is your deciding factor, XM is the shortlist entry with a confirmed one; if trading conditions are, judge JustMarkets on its $10 entry, cent account and MT4/MT5 setup, and weigh total trading cost (spreads, commissions, swaps) rather than headline percentages. Use the Bonus Finder to compare offers available in India.
Frequently Asked Questions
Can Indian traders claim the JustMarkets $30 no-deposit bonus?
India is not on the recorded exclusion list, so there is no geographic barrier. But we could not verify the offer is running: as of 18 August 2026 its page returns a 404, the promotions hub redirects to the homepage, and it appears in neither of JustMarkets’ public sitemaps. We record it as unverified rather than expired — JustMarkets has not said it withdrew the offer, and a version could still exist inside the client portal. Ask JustMarkets support in writing before opening an account for it. For an NDB we have verified as active and that accepts Indian clients, see XM’s $50 no deposit bonus.
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?
None of them is something we can point you to with confidence right now. On the record, the $30 NDB was the natural starting point and the 120% tier on a $500+ deposit the highest percentage, with the 100% and 50% tiers below it, all on a volume requirement of bonus ÷ 2 in lots. All four are unverified as of 18 August 2026 — JustMarkets no longer publishes them, and we could not confirm they are running. Open a JustMarkets account on its trading conditions if those suit you, check your BackOffice for whatever is actually live, and compare verified offers from other brokers in the Bonus Finder.
Are the JustMarkets bonuses gone?
We cannot say that, and we will not. What we can say is that JustMarkets stopped publishing them: all four recorded URLs return 404, the promotions hub redirects to the homepage, and none of the offers appears in either public sitemap. Because a sitemap is served identically to every visitor regardless of location, that absence is not regional suppression — but it is also not a broker statement of withdrawal. Our Matrix records the offers as unverified, and we deliberately did not advance the verified date, because nothing was verified as running.