JustMarkets Review: FSCA-Regulated Broker for South Africa

FSP 51114 checked against the FSCA register

JustMarkets Review: What South African Traders Should Know

JustMarkets, formerly branded Justforex, is a Cyprus-headquartered broker with over a decade of operating history. This page covers what we’ve verified directly, including its South African FSCA licence, and is honest about the details we’re still confirming for the deeper account-level review.

See the regulation check Try our recommended broker instead

Founded 2012 HQ Limassol, Cyprus MT4 & MT5

South African Regulation

FSCA-authorised, FSP 51114 (registered entity name pending our own confirmation)

Other Regulators

Licences reported across Cyprus’s CySEC, Seychelles’ FSA and Mauritius’s FSC

Platforms

MetaTrader 4, MetaTrader 5, JustMarkets app

Account Types

Standard, Pro and Raw Spread

Cost Structure

Spread-based on Standard and Pro; raw spread plus commission on Raw Spread

ZAR & Local Payments

Local payment support reported by region; confirm specifics at sign-up

Regulation

Is JustMarkets Actually Regulated for South Africans?

We don’t take “FSCA regulated” at face value from any broker’s marketing. Here’s what we checked for JustMarkets specifically, and how you can check it yourself in a couple of minutes.

Situation 1: FSCA-Authorised South African Entity

JustMarkets’ South African operations are authorised by the Financial Sector Conduct Authority under FSP number 51114. That means there’s a South African-authorised entity behind JustMarkets’ local operations, rather than South African clients only being serviced through an offshore arrangement with no local licence. We haven’t yet independently pinned down the exact registered company name behind this FSP number, which is a detail we’re completing for the full account-level review.

We’d encourage you to check this yourself rather than take our word for it: search FSP number 51114 on the FSCA’s public register at fsca.co.za. The register listing will show you the exact registered entity name and confirm the licence is active, both worth seeing for yourself before you fund an account.

Other Group Licences

JustMarkets’ group is reported to hold licences across several other jurisdictions, including Cyprus (CySEC), the Seychelles (FSA) and Mauritius (FSC). These cover JustMarkets’ other regional entities, not necessarily the South African one, which is exactly why a group-wide licence count doesn’t tell you what you need to know about the entity you’d actually be contracting with in South Africa specifically.

What We’re Still Confirming

The exact registered name of the South African entity, account conditions, current trading terms and any South Africa-specific restrictions are all part of our deeper, account-level review, which we’re completing separately. The FSP number above is confirmed; the entity name and day-to-day trading conditions are what we’re still working through.

Platforms

What You’ll Actually Trade On

JustMarkets supports both MetaTrader platforms, plus its own mobile app. It doesn’t offer cTrader or TradingView integration.

MetaTrader 4

The older and still widely used of the two MetaTrader platforms. Known for stability, a large library of custom indicators and expert advisors, and broad familiarity among traders who’ve used it for years across other brokers.

MetaTrader 5

The newer MetaTrader platform, with more built-in timeframes, order types and a broader range of tradable asset classes in one terminal. Worth choosing if you’re starting fresh rather than migrating an existing MT4 setup.

JustMarkets App

JustMarkets’ own mobile app supports placing trades directly, not just monitoring existing positions, alongside managing funding on the move.

Account Types

How JustMarkets Structures Its Accounts

JustMarkets’ confirmed account types are Standard, Pro and Raw Spread.

Standard

Positioned as the low-entry account, with cost built into the spread rather than a separate per-trade commission.

Pro

Aimed at more active traders, reported to offer tighter spreads than Standard while still avoiding a separate commission.

Raw Spread

An ECN-style account reported to offer near-zero spreads, paired with a per-lot commission rather than a spread markup.

We’re deliberately not publishing exact spread figures, commission rates or minimum deposit amounts here. Those numbers move, they vary by instrument and account, and a broker page repeating stale figures is worse than one that sends you to check current terms directly with JustMarkets before you fund an account.

South African Fit

Funding Your Account From South Africa

JustMarkets is reported to offer up to 11 base currency options depending on licence type, though we haven’t independently confirmed exactly what applies to South African clients specifically.

Deposits & Withdrawals

JustMarkets is reported to support a range of payment methods and multiple base currencies generally, with specific options varying by jurisdiction and licence type. We haven’t independently confirmed the specific South African payment methods or processing times, so we’d rather point you to check this directly during sign-up than guess.

Exchange Control

Trading through a broker based outside South Africa involves moving funds offshore, which falls under South African exchange control rules. This isn’t personal financial or tax advice. If you’re unsure how these rules apply to your situation, a licensed advisor can walk you through it properly.

Weighing It Up

Where JustMarkets Holds Up, and Where to Look Closer

Based on what we’ve verified so far. This isn’t a numeric score, and it will get more specific once our full account-level review is published.

Working In Its Favour

A confirmed South African FSCA licence (FSP 51114), not just an offshore arrangement.
Long operating history, trading since 2012 under its current and previous brand.
A broad regulatory footprint across several other jurisdictions, including Cyprus, Seychelles and Mauritius.
Both MetaTrader 4 and MetaTrader 5 supported, plus an app that allows direct trading.
Three account tiers, from a low-entry Standard account to Raw Spread pricing.

Worth Confirming Yourself

The exact registered name of the South African entity behind FSP 51114, which we haven’t independently pinned down yet.
Exact current spreads, commissions and leverage caps per account, which change over time.
Which specific local payment methods and processing times apply to South African clients right now.

Questions

JustMarkets Review: Frequently Asked Questions

Is JustMarkets regulated in South Africa?

Yes. JustMarkets’ South African operations are authorised by the FSCA under FSP number 51114. We recommend searching that FSP number directly on the FSCA’s public register at fsca.co.za before you fund an account, since the register will show you the exact registered entity name and confirm the licence is current.

Is JustMarkets a scam?

Nothing we found points to that. JustMarkets, formerly branded Justforex, has operated since 2012, is headquartered in Limassol, Cyprus, and holds licences across multiple jurisdictions including Seychelles’ FSA, Cyprus’s CySEC, Mauritius’s FSC and South Africa’s FSCA. Regulation reduces risk and gives you somewhere to complain if something goes wrong, but it isn’t a guarantee against losses, and forex and CFD trading itself carries real risk regardless of which broker you use.

What trading platforms does JustMarkets offer?

MetaTrader 4 and MetaTrader 5, plus its own mobile app, which supports placing trades directly rather than just monitoring existing positions. JustMarkets does not offer cTrader or TradingView integration.

What account types does JustMarkets offer?

JustMarkets’ confirmed account types include a Standard account with a low entry point, a Pro account aimed at more active traders with no separate commission, and a Raw Spread account pairing near-zero spreads with a per-lot commission. Exact spreads, commissions and minimum deposits attached to each account change over time, so we’d rather send you to check JustMarkets’ own current terms than publish numbers that may be out of date.

Is Exness or JustMarkets better for South African traders?

Exness is the broker Broker Verdict currently recommends first, based on its long operating history and the strength of its overall review. Both Exness and JustMarkets have a confirmed South African FSP licence in our research: Exness ZA (Pty) Ltd holds FSP 51024, and JustMarkets’ South African entity holds FSP 51114. We’re publishing a dedicated comparison as we complete both full reviews.

Still Deciding? See Our Recommended Broker

Of the brokers we’ve reviewed so far, Exness is the one our team recommends first, on the strength of its confirmed FSCA-authorised entity, platform range and long operating history.

Start trading with Exness

Forex and CFD trading carries significant risk, and leverage can amplify losses as well as gains. Broker Verdict may receive compensation when you sign up through this link. This does not change how we evaluate brokers. See our affiliate disclosure and full risk disclaimer.

Written by the Broker Verdict Team. The South African FSP number was supplied by JustMarkets’ affiliate programme; the exact registered entity name behind it is still being confirmed independently. Trading conditions (spreads, leverage, minimum deposits) change and are not republished here as fixed figures. Read our full review methodology. Page last reviewed: August 2026.