Exness
JustMarkets
Exness vs JustMarkets is the cleanest example on this site of a comparison where the two brokers are not really competing for the same reader. Exness scores 9.0/10 in our review methodology and runs no bonus program at all — no welcome bonus, no deposit bonus, no trading bonus. JustMarkets scores 7.5/10 and is known almost entirely for the opposite: a $30 no deposit bonus and a deposit-bonus ladder that runs 50%, 100% and 120%.
That asymmetry is the whole story. There is no “which bonus is bigger” question here, because only one of these brokers has bonuses. The real question is whether promotional credit is worth more to you than a deeper regulatory stack and a broader platform range — and that answer changes depending on where you live, how much you deposit, and whether you actually intend to clear a volume requirement.
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Exness vs JustMarkets: Side-by-Side Comparison Table
Every figure below comes from our Broker & Bonus Matrix. Where a record could not be re-verified against a primary source, we say so in the row rather than dropping it.
| Category | Exness | JustMarkets |
|---|---|---|
| Our vetting score | 9.0 / 10 | 7.5 / 10 |
| Founded | 2008 | 2012 |
| Tier-1 regulation | FCA (UK, Register No. 730729); CySEC (Cyprus, 178/12) | CySEC (Cyprus, License 401/21) |
| Other regulation | FSA Seychelles (SD025), FSCA South Africa (ODP), FSC BVI (SIBA/L/20/1133), FSC Mauritius, CBCS, CMA Kenya, JSC Jordan, CMA UAE, FSC Belize | Seychelles FSA; FSCA South Africa (License 51114); FSC Mauritius (GB22200881) |
| Minimum deposit | $10 (Standard, Cent); $200 (Pro, Raw Spread, Zero) | $10 (Standard Cent) — widely cited, not directly confirmed from the broker’s own site |
| Platforms | MT4, MT5, MetaTrader WebTerminal, Exness Terminal, Exness Trade App, MultiTerminal | MT4, MT5 |
| No deposit bonus | None — Exness states it offers no bonuses of any kind | $30 — active, recorded 3 Jun 2026. Excludes Nigeria, South Africa, Vietnam, Algeria, Angola, Botswana plus EU, UK, US, CA, JP, AU |
| Deposit bonus | None | 50% (min $10), 100% (min $100 single deposit), 120% (min $500 single deposit, Standard/Pro only) — all recorded 3 Jun 2026; excludes EU, UK, US, CA, JP, AU |
| Deposit-bonus volume gate | N/A | Bonus amount / 2 = required lots; orders producing under 5.9 pips profit do not count |
| Cashback / rebates | Premier Program: up to 50% of trading costs returned as EXD (recorded Jun 2026, unverified); IB cashback via partners | Loyalty Program: 10% cashback from spreads and commissions paid in JM USD (unverified); not available on Standard Cent or Copytrading accounts |
| Free VPS | Yes — requires $500 lifetime deposit and $100 free margin (unverified) | Not recorded in our Matrix |
| Contests | None recorded | Great Anniversary Contest ran 1 Jun — 31 Jul 2026 — expired, not currently claimable |
| Spreads | Not published by us — no verified figures in our Matrix | Not published by us — no verified figures in our Matrix |
| Sign up | Open an Exness account | Open a JustMarkets account |
Both brokers serve emerging-market clients through offshore entities. For wider matchups, see the comparison hub or filter by country and offer type in the Bonus Finder.
Regulation: Exness Has the Deeper Stack, JustMarkets Has the Same Shape
What Exness holds
Exness carries one of the widest license portfolios in retail forex: FCA (UK) Register Number 730729 for Exness (UK) Ltd, CySEC License 178/12 for Exness (Cy) Ltd, FSA Seychelles License SD025 for Exness (SC) Ltd — the entity most emerging-market clients are onboarded under — plus FSCA South Africa (as an ODP), FSC BVI (SIBA/L/20/1133), FSC Mauritius, CBCS, CMA Kenya, JSC Jordan, CMA UAE and FSC Belize.
The regional licenses matter more than they look. Direct oversight in Kenya, South Africa, Jordan and the UAE means a local regulator you can actually complain to, in markets where most offshore brokers offer nothing of the kind.
What JustMarkets holds
JustMarkets holds CySEC License 401/21, the Seychelles FSA, FSCA South Africa License 51114 and FSC Mauritius License GB22200881. That is one tier-1 European regulator, one respected regional regulator, and two offshore entities — structurally the same design as Exness, just with fewer licenses and less regional reach.
The catch is the same at both brokers, and it is worth stating plainly: the CySEC entity is the strongest license either firm holds, and it is precisely the entity that cannot legally offer bonuses under ESMA rules. If you are claiming a JustMarkets bonus, you are not a CySEC client. Our Is JustMarkets legit? check walks through what each entity actually gives you.
Regulation verdict
Exness wins, but not because JustMarkets is weak. Both are multi-regulated firms on our approved list. Exness simply holds more licenses, including an FCA registration JustMarkets does not have, and covers more of the markets our readers trade from. If regulatory depth is your first filter, that is a real, checkable difference — see the full Is Exness legit? assessment.
Bonuses: The Asymmetry That Defines This Comparison
Availability first: forex bonuses are banned for retail clients in the EU (ESMA), UK (FCA), Australia (ASIC) and the US (CFTC/NFA). Everything in this section applies only to clients of offshore entities in eligible countries. See why forex bonuses are banned in the EU and UK.
Exness: no bonus program, and it says so
This is settled in our Matrix. The Exness Help Center article “Does Exness offer bonuses?”, updated 30 July 2026, states that it does not offer any kind of bonus — welcome, deposit or trading. Bonus terms-and-conditions PDFs do exist for the Seychelles and BVI entities (both dated 30 September 2024), but our review of them found discretionary legal frameworks for invitation-only programs aimed at selected clients: no percentage, no volume requirement, no time limit, no country list. We do not publish them as offers, and we have quarantined the old third-party “10% of net deposit” figure that circulated for years.
If another site quotes you a specific Exness bonus percentage, treat it with suspicion. Our own Exness no deposit bonus page exists mainly to say the offer does not exist and explain what does.
JustMarkets: an NDB plus a three-rung deposit ladder
$30 no deposit bonus — active, recorded 3 June 2026. Recorded terms:
- $30 credit on a Welcome Account opened in the client BackOffice; phone verification required
- 5 lots within 30 days, and cumulative profit/loss across all trades must exceed 60 pips
- $30 maximum withdrawable profit — the bonus credit itself is never withdrawable
- Maximum 5 concurrent positions, maximum 0.01 lots per position
- Forex pairs and precious metals only; EA and robot trading prohibited
- A minimum $100 deposit into a live account is required before profit can be transferred
- 30-day trading window, plus a further 30 days to move profit to a live account
- Excluded: EU, UK, US, Canada, Japan, Australia — and Nigeria, South Africa, Vietnam, Algeria, Angola and Botswana
That geographic exclusion is the single most important line on this page. Two of our largest reader markets, Nigeria and South Africa, cannot claim the JustMarkets no deposit bonus at all. If you are reading from Lagos or Johannesburg, the entire promotional case for JustMarkets over Exness collapses to the deposit bonuses — which remain available — and you should read our JustMarkets no deposit bonus page before you spend time on an account you cannot use for the offer.
Deposit bonus ladder — active, recorded 3 June 2026. Three tiers, all on the same volume mechanic:
| Tier | Minimum deposit | Accounts | Time limit | Volume to convert |
|---|---|---|---|---|
| 50% | $10 | Standard Cent, Standard, Pro (Cent capped at 50% on $100+) | 30 calendar days | Bonus / 2 in lots |
| 100% | $100 single deposit | Standard, Pro | 90 days (Double Benefit) or 30 days (120% campaign variant) | Bonus / 2 in lots |
| 120% | $500 single deposit | Standard, Pro only — Cent not eligible | 30 calendar days | Bonus / 2 in lots |
The bonus is credited as non-withdrawable margin in the Credit field and converts to Balance automatically within about two hours of the volume condition being met. Deposits are not combined for tier eligibility — a $500 single deposit gets 120%, five $100 deposits do not. Orders that generate less than 5.9 pips of profit do not count toward volume, which quietly rules out scalping your way to the target. Maximum combined bonus across tiers is $40,000; the Double Benefit variant caps at $10,000 per account and $20,000 across accounts.
Run the arithmetic before you claim. A $500 deposit at 120% produces a $600 bonus, which needs 300 qualifying lots inside 30 days. That is a full-time volume commitment for most retail traders. The 50% tier on a small deposit is far more clearable: $100 deposited produces a $50 bonus and a 25-lot target.
One honest caveat on all JustMarkets figures. Our 9 August 2026 re-verification attempt was inconclusive: justmarkets.com serves HTTP 403 to automated fetches, and from a US vantage point the promotions pages redirect to a homepage with no promotions section — behaviour consistent with geo-suppression for banned regions rather than evidence the offers ended. We left the verified date at 3 June 2026 rather than stamping a date we could not stand behind. Confirm current terms in your own client area before depositing.
Bonus verdict
JustMarkets wins by walkover, with an asterisk the size of a continent. Exness does not compete in this category by choice. JustMarkets’ offers are real and reasonably documented, but the $30 NDB is closed to Nigerian, South African, Vietnamese, Algerian, Angolan and Botswanan traders, and the headline 120% tier carries a volume gate most readers will not clear. Judged on what a typical reader can actually convert to cash, the 50% tier on a small deposit is the most usable thing in this comparison.
Cashback and Ongoing Value
One-off credit fades; per-lot economics compound. Neither broker’s rebate program is fully verified in our Matrix, so read this section as recorded rather than confirmed.
- Exness Premier Program: up to 50% of trading costs returned as EXD (Exness Dollars) across three tiers — Preferred, Elite and Signature — with requalification rewards of 200, 400 and 600 EXD. Recorded June 2026; we could not verify directly because exness.com returned HTTP 403 to our fetches.
- Exness IB cashback: the partner program is recorded at up to 40% revenue share (or up to $1,850 per referred client on the affiliate track). Registering under a cashback IB converts part of that share into per-lot rebates that pay from your very first trade. This is the practical cashback route at Exness and the one our Exness cashback guide explains.
- JustMarkets Loyalty Program: recorded at 10% cashback from spreads and commissions, paid in JM USD reward currency, credited the next day. Not available on Standard Cent or Copytrading accounts, and it requires document verification. Unverified — justmarkets.com blocked our fetches. Details in our JustMarkets cashback guide.
Verdict: Exness, on route quality rather than headline rate. A JustMarkets bonus and its loyalty cashback interact — bonus credit sits in a separate field and cashback is excluded on the Cent account many bonus claimants use. An Exness IB rebate has no such interaction because there is no bonus to interfere with it. Compare both models on the cashback pillar.
Platforms, Accounts and Entry Cost
Entry cost is a tie at $10, though the JustMarkets figure is widely cited rather than directly confirmed from the broker’s own pages (its site blocks our fetches). Exness’s $10 tier covers Standard and Cent accounts; its professional tier — Pro, Raw Spread and Zero — starts at $200, which is a comparatively cheap gateway to raw pricing. See the Exness minimum deposit guide for the account-by-account breakdown.
On platforms the gap is wider than the scores suggest. JustMarkets offers MT4 and MT5 only. Exness offers MT4 and MT5 plus the MetaTrader WebTerminal, its proprietary Exness Terminal, the Exness Trade App and MultiTerminal for managing multiple accounts. If MetaTrader is all you want, that difference is worth nothing. If you want a browser-native terminal, a polished mobile app, or multi-account management, only one broker here has it.
Neither broker’s spreads appear in this comparison, and that is deliberate. Our Matrix holds no verified spread or commission figures for either firm, and broker-advertised minimums are best-case numbers measured in ideal conditions. Open demos at both and measure during the sessions you actually trade — our Exness spreads page explains the method.
Who Should Choose Exness?
- You are depositing serious capital. FCA and CySEC licensing at group level, plus direct regulation in Kenya, South Africa, Jordan and the UAE, is the deepest stack in this pair.
- You are in Nigeria or South Africa. The JustMarkets no deposit bonus excludes you outright, so the promotional argument for JustMarkets shrinks to the deposit ladder. Check the offer against your country in the Bonus Finder before deciding.
- You want cashback without a volume tier. An IB rebate arrangement pays from your first lot. Open an Exness account through our cashback link to attach it at signup.
- You withdraw often, or you want a platform beyond MetaTrader. Exness Terminal, the Trade App and MultiTerminal have no JustMarkets equivalent — see our Exness withdrawal guide.
Who Should Choose JustMarkets?
- You want a genuine no deposit bonus and you are eligible. $30, active, with clearly documented terms — provided you are not in Nigeria, South Africa, Vietnam, Algeria, Angola, Botswana, or a banned-bonus jurisdiction.
- You are depositing small and want the credit to be clearable. The 50% tier from $10 has a bonus/2 lot target that a real trader can hit. The 120% tier mostly cannot be.
- MT4 or MT5 is all you need. JustMarkets covers both properly and does not ask you to learn a proprietary platform.
- You are trading a cent account to learn. Standard Cent takes the 50% tier from $10 and lets you size positions small enough to survive a learning curve.
Open a JustMarkets account if that profile fits — and confirm your country’s eligibility in your client area before you claim anything. Full details in our JustMarkets review and the JustMarkets withdrawal guide.
The Verdict: Exness vs JustMarkets in 2026
Exness is the better broker; JustMarkets is the better promotion. That is not a dodge — it is the honest shape of a 9.0 versus a 7.5 where the 7.5 holds the only bonuses on the table.
Choose Exness if the things that compound matter more to you than the things that arrive once: license depth, platform range, withdrawal reliability, and a rebate that pays on every lot for as long as you trade.
Choose JustMarkets if you are eligible for its offers, you are starting small, and you intend to work the 50% tier rather than dream about the 120% one. If you are in Nigeria or South Africa, treat the no deposit bonus as unavailable and judge the broker on its deposit ladder alone.
If you are still undecided, the boring answer is the right one: fund both small, test a withdrawal at each, and let real execution settle it. For adjacent matchups, see Exness vs RoboForex and JustMarkets vs FBS. If you knew this broker by its old name, our JustForex is now JustMarkets explainer covers the rebrand.
Frequently Asked Questions
Does Exness have a welcome bonus or no deposit bonus in 2026?
No. Exness’s own Help Center, updated 30 July 2026, states that it offers no bonuses of any kind — welcome, deposit or trading. Bonus framework documents exist for its Seychelles and BVI entities but describe discretionary, invitation-only programs with no published percentages, volume requirements or country lists, so we do not list them as offers. What Exness does run is the Premier loyalty program (up to 50% of trading costs back as EXD, unverified) and partner cashback through IBs.
Can Nigerian or South African traders claim the JustMarkets $30 no deposit bonus?
No. Our Matrix record for the offer lists Nigeria and South Africa among its excluded countries, alongside Vietnam, Algeria, Angola, Botswana, and the EU, UK, US, Canada, Japan and Australia. The JustMarkets deposit bonuses (50%, 100%, 120%) exclude only the EU, UK, US, Canada, Japan and Australia in our records, so they remain available to Nigerian and South African clients. Always confirm eligibility in your own client area before depositing to chase an offer.
Which is safer, Exness or JustMarkets?
Both are multi-regulated firms on our approved list, and both onboard emerging-market clients through offshore entities. Exness holds more licenses — including an FCA (UK) registration, No. 730729, that JustMarkets does not have — plus direct regional oversight in Kenya, South Africa, Jordan and the UAE. That is why it scores 9.0/10 against JustMarkets’ 7.5/10. Neither score is a safety guarantee; see our review methodology for how they are built.
How much trading does a JustMarkets 120% deposit bonus actually require?
The recorded rule is bonus amount divided by two, expressed in lots. A $500 deposit at 120% credits a $600 bonus, so 300 qualifying lots inside 30 calendar days. Orders producing less than 5.9 pips of profit do not count toward that total. For most retail traders that is unrealistic, which is why we point readers at the 50% tier: $100 deposited produces a $50 bonus and a 25-lot target over the same window.
Can I get cashback at both brokers?
In different ways, and neither program is fully verified in our Matrix. Exness cashback comes either from the Premier Program at high volume or, more practically, from registering under a cashback IB, which pays per-lot rebates from your first trade. JustMarkets runs a Loyalty Program recorded at 10% of spreads and commissions paid as JM USD, excluded on Standard Cent and Copytrading accounts. One structural difference matters: JustMarkets bonus credit and its loyalty cashback interact with each other, while an Exness rebate has no bonus to interfere with. Compare both on the cashback pillar.
Is the JustMarkets anniversary contest still running?
No. The Great Anniversary Contest ran from 1 June to 31 July 2026 and its stated period is past, so we record it as expired. We leave expired promotions visible in our tracking rather than deleting them, because third-party sites frequently keep promoting offers that have ended. Check the Bonus Finder for what is currently claimable.
This comparison was researched and written by Tim Morris, founder of forex-bonus.com. All figures come from our Broker & Bonus Matrix. Exness broker data and the no-bonus position were verified 7 August 2026 against the broker’s Help Center (updated 30 July 2026); Exness Premier, VPS and IB records date from June 2026 research and remain unverified. JustMarkets offer records were verified 3 June 2026; a re-verification attempt on 9 August 2026 was inconclusive because justmarkets.com blocks automated fetches. Always confirm current terms on the broker’s own site before committing funds.