JustMarkets Nigeria is a common search among Nigerian forex traders evaluating bonus-backed broker accounts. 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 concurrent promotions, including a $30 no-deposit bonus and a tiered deposit bonus up to 120%, but not all offers are available to Nigerian clients. This guide covers which bonuses Nigerians can claim, how to deposit in Naira via Paystack, account types, and SEC Nigeria regulatory context. 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.
JustMarkets $30 No-Deposit Bonus: Nigeria Eligibility
Nigeria is currently excluded from the JustMarkets $30 NDB. The broker’s terms explicitly list Nigeria (NG) among excluded countries, alongside the EU, UK, US, Canada, Japan, Australia, and South Africa. Nigerian traders cannot claim the $30 Welcome Account bonus as of June 2026.
For reference, the NDB terms for eligible countries are:
| 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 |
| 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 |
| Nigeria eligible | No |
Source: JustMarkets official T&C via third-party verification, June 2026. Always verify current terms on justmarkets.com.
Nigerian traders seeking no-deposit bonuses should explore alternatives on our Nigeria no-deposit bonus page or use the Bonus Finder. Brokers that do accept Nigerian clients for NDB programs are listed in our best forex no-deposit bonuses guide.
JustMarkets Deposit Bonuses for Nigeria
While the NDB is unavailable, Nigerian traders are eligible for JustMarkets’ tiered deposit bonus system. Nigeria is not on the excluded list for these offers (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 in Detail
The 120% tier is the headline offer for Nigerian traders who can fund $500 or more in a single deposit. Deposit $500 into a Standard 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 need 300 lots ($600 / 2) within 30 days, with each qualifying trade generating at least 5.9 pips.
At roughly NGN 800,000, a $500 deposit is significant. Traders with smaller budgets should consider the 50% tier ($10 minimum) or 100% tier ($100 minimum) — the volume-per-bonus-dollar ratio is identical across tiers. Cent accounts are not eligible for 120%; only Standard and Pro qualify.
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 traders who prefer more time to meet volume requirements. For a broader comparison of deposit offers, see our deposit bonus guide.
How to Deposit in Naira (NGN)
JustMarkets supports local Nigerian payment methods, with Paystack as the primary Naira-direct option.
| Method | Currency | Processing Time | Minimum Deposit |
|---|---|---|---|
| Paystack | NGN | Minutes | Check broker website for current details |
| Local bank transfer | NGN | Same day to 1 business day | 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.
Paystack is the recommended method. It funds your account directly in Naira from a Nigerian bank account or card without prior USD conversion. Funds credit within minutes. To deposit: log in to your JustMarkets BackOffice, select Paystack under Deposit, enter the NGN amount, and complete payment via bank transfer, card, or USSD.
If depositing to qualify for the 120% tier, confirm your single deposit converts to at least $500 USD after the exchange rate. Deposits cannot be combined to reach tier thresholds.
JustMarkets Account Types for Nigeria
JustMarkets offers several account types. Bonus eligibility varies by account and tier.
| Account Type | Min Deposit | Spreads From | Commission | Deposit Bonus Eligible |
|---|---|---|---|---|
| Standard Cent | $10 | 2.0 pips | None | 50% only (Tier 1) |
| Standard | $10 | 2.0 pips | None | 50%, 100%, 120% |
| Pro | $10 | 0.1 pips | None | 50%, 100%, 120% |
| 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 best all-round choice for Nigerian traders: it qualifies for all three deposit bonus tiers with no commission and a $10 minimum. The Pro account also qualifies for all tiers with tighter spreads (from 0.1 pips), benefiting high-volume traders working toward bonus volume targets. The Standard Cent account suits beginners (cent lots, lower risk) but only qualifies for the 50% tier. JustMarkets supports MT4 and MT5, both available on mobile.
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 Nigerian 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 Nigeria, see our broker comparison page.
Regulation and the Nigerian Context
JustMarkets holds four licenses: CySEC 401/21 (EU clients, no bonuses), Seychelles FSA (emerging-market clients including Nigeria, bonus-eligible entity), FSCA South Africa 51114, and FSC Mauritius GB22200881. Nigerian traders register under the Seychelles FSA entity.
The SEC Nigeria does not directly regulate offshore forex brokers, and there is no domestic forex broker licensing framework equivalent to the FCA or CySEC. This means no local deposit protection (disputes go through the broker’s regulator), no bonus restrictions (unlike the EU/UK/AU), and no prohibition on retail forex trading. The CBN has issued general risk warnings but has not banned offshore forex accounts. Naira deposits via Paystack and bank transfer operate within existing payment infrastructure.
The FSCA license is the most practically relevant regulation for Nigerian traders, imposing compliance standards that benefit the broader African client base. For more detail on available brokers and regulatory structures, see our Nigeria forex guide.
How JustMarkets Compares in Nigeria
Nigerian traders have multiple broker options. Here is how JustMarkets stacks up against commonly used alternatives.
| Feature | JustMarkets | HFM | FBS |
|---|---|---|---|
| Min deposit | $10 | $5 | $5 |
| NDB available in Nigeria | No (excluded) | No (expired) | No |
| Best deposit bonus | 120% on $500+ | 100% up to $50,000 | 100% on first deposit |
| Naira deposits | Yes (Paystack) | Yes (Paystack, bank transfer) | Yes (Paystack, bank transfer) |
| Platforms | MT4, MT5 | MT4, MT5, HFM App | MT4, MT5 |
| FSCA regulated | Yes (51114) | Yes | Yes |
| Loyalty program | Cashback (JM USD) | Trophy Road (4 tiers) | Check broker website for current details |
Summary comparison only. Full broker profiles: JustMarkets review | HFM Nigeria guide | Broker comparison
JustMarkets leads on bonus percentage (120%) but requires a higher deposit ($500) and has a demanding volume target. HFM offers a lower entry ($5 min, $250 for Supercharged) with a rebate component. None of these three currently offer an NDB to Nigerian traders. For NDB alternatives, check our Nigeria no-deposit bonus page or Bonus Finder.
Frequently Asked Questions
Is JustMarkets available in Nigeria?
Yes. JustMarkets accepts Nigerian traders through its Seychelles FSA entity. You can register, verify your identity, and deposit in Naira through Paystack or local bank transfer. The FSCA South Africa license (51114) provides additional regulatory oversight. There is no Nigerian law prohibiting the use of offshore forex brokers.
Can Nigerian traders claim the JustMarkets $30 no-deposit bonus?
No. As of June 2026, Nigeria is explicitly excluded from the $30 NDB. The exclusion list includes Nigeria, South Africa, the EU, UK, US, Canada, Japan, and Australia. Check our Nigeria no-deposit bonus page for alternatives from brokers that accept Nigerian NDB clients.
What is the best JustMarkets bonus for Nigerian traders?
The 120% deposit bonus on a $500+ deposit (Standard or Pro account) offers the highest percentage. Smaller deposits qualify for 100% ($100+) or 50% ($10+). Volume requirement: bonus amount divided by 2 in lots, within 30 days (or 90 days for the Double Benefit variant).
How do I deposit Naira into JustMarkets?
Log in to JustMarkets BackOffice, select Paystack under Deposit, enter the NGN amount, and complete payment via bank account, debit card, or USSD. Funds credit within minutes at the prevailing exchange rate. Confirm your NGN amount converts to the required USD minimum for your target bonus tier.