Is JustMarkets Regulated by the BaFin as of 2024

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JustMarkets is a forex and CFD broker offering online trading services to traders and investors worldwide. The broker provides a diverse range of trading instruments, including Forex, Commodities, Stocks, Indices, Crypto. It also supports multiple trading platforms and tools such as MT4, MT5, MetaTrader Webtrader.

JustMarkets is regulated by several authoritative bodies such as CySEC, FSC- Mauritius, FSA-S, FSCA. However, JustMarkets is not regulated by the MAS ( Monetary Authority of Singapore). In this article, we will explore JustMarkets’ regulations, and its features, and provide a list of alternative brokers that are regulated by MAS.

Does JustMarkets Operate Under MAS?

No, JustMarkets does not operate under MAS (Monetary Authority of Singapore) regulation. However, the broker is regulated by several other reputable financial authorities including CySEC, FSC- Mauritius, FSA-S, FSCA. These regulatory bodies ensure compliance with various standards for financial stability, transparency, and investor protection, though they do not provide the specific protections offered by the MAS in Singapore.

What Other Regulations Does JustMarkets Have?

CySEC:

JustMarkets is regulated by CySEC. Established in 2001, Cysec is Cyprus’s financial regulator. Since Cyprus joined the European Union in 2004, CySEC’s regulations align with the MiFID directive, ensuring compliance with EU-wide financial standards and investor protection. This regulation allows the broker to offer services across the European Economic Area (EEA) under the MiFID II directive, ensuring investor protection and transparency. CySEC regulation requires brokers to follow strict guidelines for handling client funds, including segregation and periodic reporting.

FSA -S : / FSA in Seychelles

JustMarkets is regulated by the Financial Services Authority (FSA) of Seychelles. The FSA, established in 2013, oversees the financial services sector in Seychelles to ensure compliance with regulatory standards and to protect investors.

The FSA requires JustMarkets to adhere to guidelines for managing client funds, which include keeping client money separate from company funds and providing regular financial reports. This regulation helps ensure that JustMarkets operates securely and transparently, particularly for clients in Seychelles, and maintains a trustworthy trading environment.

FSC in Mauritius:

JustMarkets is regulated by the Financial Services Commission (FSC) of Mauritius. The FSC, established in 2001, is the regulatory authority overseeing the financial services sector in Mauritius.

The FSC requires JustMarkets to comply with regulations that ensure the safety and transparency of its operations. This includes maintaining adequate capital, protecting client funds by keeping them separate from company assets, and providing regular financial reports. These requirements help ensure that JustMarkets operates securely and reliably for clients in Mauritius, fostering trust and integrity in its trading services

FSB:

JustMarkets is regulated by the Financial Services Board (FSB) of South Africa. The FSB, established in 1990, was the financial regulatory authority in South Africa responsible for overseeing non-banking financial institutions before being replaced by the Financial Sector Conduct Authority (FSCA) in 2018.

Under FSB regulations, JustMarkets was required to maintain strict standards, including holding adequate capital, protecting client funds by segregating them from company assets, and ensuring transparency through regular financial reporting. This regulation helped ensure that JustMarkets operated securely and reliably, offering a safe trading environment for clients in South Africa.

Best MAS Regulated Forex Brokers: Alternatives to JustMarkets

JustMarkets is one of the leading forex and CFD brokers. The broker is not regulated by MAS. It is regulated by other top-tier regulators including CySEC, FSC- Mauritius, FSA-S, FSCA. There are several MAS  regulated brokers that can serve as alternatives to JustMarkets. These brokers include: 

Pepperstone

Pepperstone

  • Founded In:  2010
  • Minimum Deposit: $0, Recommended: $200
  • Maximum Leverage: 500:1
  • Regulations: FCA, ASIC, CySEC, BaFIN, DFSA, CMA, and SCB
  • Trading Platforms : MT4, MT5, cTrader, TradingView and Own Trading Platforms
  • Trading Instruments: Forex, Commodities, Indices, Currency Indices, Cryptocurrencies, Shares, ETFs, and CFD Forwards.
CMC Markets

CMC Markets

  • Founded In:  1989
  • Minimum Deposit: $0
  • Maximum Leverage: 1:500
  • Regulations : FCA, ASIC, BaFin, IIROC, FMA, MAS
  • Trading Platforms : MT4 , Share trading platforms
  • Trading Instruments: Forex Major, Forex Crosses, Forex Minor, Metals, Oil , CFD, Stock indices
IG

IG

  • Founded In:  1974
  • Minimum Deposit: $0
  • Maximum Leverage: 1:200
  • Regulations: ASIC, FCA, JFSA, SFC (Hongkong), FSCA, MAS, FMA, GmbH, FINMA 
  • Trading Platforms: MT4, WebTrader, MobileTrader (MobileApp), ProRealTime
  • Trading Instruments: Forex, indices, Cryptocurrencies, Shares, Commodities
MultiBankFX

MultiBankFX

  • Founded In:  2005
  • Minimum Deposit: $50
  • Maximum Leverage: 1:500
  • Regulations: ASIC, Austrac, Bafin, CIMA, ESCA,  CySEC, FSC, FMA, MAS, TFG,  VFSC, FSCM, FSAS
  • Trading Platforms: MT4, MT5, Multibank-Plus
  • Trading Instruments: Forex, Metals, Shares,  indices, Commodities, Cryptocurrencies
XTB

XTB

  • Founded In:  2002
  • Minimum Deposit: $0
  • Maximum Leverage: 500:1
  • Regulations: FCA, CySEC, CNMV, KNF, FSC(Belize)
  • Trading Platforms : xStation 5 , xStation Mobile
  • Trading Instruments: Forex, Indices, Commodities, Cryptocurrencies, Stocks, and ETFs

These brokers operate under MAS regulation. According to MAS rules, they offer leverage up to 30:1 and provide negative balance protection for retail traders. To learn more about MAS-regulated forex brokers, you can read our content on the best MAS-regulated forex brokers.


How Can I Verify If My Broker is regulated by MAS or Not?

To verify if your broker, such as JustMarkets, is regulated by the MAS, follow these steps:

Step 1: Obtain the Broker’s License Number or Name

The first step in verifying whether a broker is MAS-regulated is to gather the necessary details from the broker’s official website. Look for the broker’s licensed or reference number, which is typically listed in the footer, legal section, or “About Us” page. If the license number is not available, the broker’s name can also be used for verification. Having the correct license number or name ensures a more accurate search when checking the broker’s regulatory status.

Step 2: Search the MAS Financial Institutions Directory

Once you have the broker’s license number or name, visit the official MAS Financial Institutions Directory at https://eservices.mas.gov.sg/fid. Enter the license number or the broker’s name into the search bar and hit enter. This directory contains all MAS-regulated entities, and your search results should show the broker’s profile if they are indeed regulated. This step is critical for confirming that the broker you are considering operates legally under MAS oversight.

Step 3: Check License Type and Status

After locating the broker in the MAS directory, carefully review their profile. Look specifically for the license type and status to ensure that the broker is authorized to offer the services you need. If you are trading forex, verify that the broker is licensed to provide “Spot Foreign Exchange Contracts for Leveraged Forex Trading” under “Dealing in Capital Markets Products.” This step confirms that the broker has the necessary permissions to legally offer forex trading and other related financial products.

Step 4: Verify Broker Contact Details

Another essential step is to ensure that the contact details listed on the MAS website match those provided by the broker on their own site. Pay close attention to details such as the broker’s website URL, email address, and phone number. If the contact details differ, it could indicate that you are dealing with an unauthorized broker or a clone firm that is pretending to be MAS-regulated. Verifying these details helps protect you from potential scams or unauthorized firms.

Step 5: Stay Away from Unlisted Brokers

If you cannot find the broker in the MAS directory, this is a red flag. Brokers that are not listed are likely unauthorized, and trading with them can put your funds at serious risk. Unauthorized brokers often operate without regulatory oversight, meaning they may not adhere to client fund protection rules, leaving your investments exposed. Always stay away from brokers that are not listed in the MAS directory to ensure your money remains safe.

Frequently Asked Questions ( FAQs)

What is JustMarkets?

Founded in 2012, Just Markets is an online forex broker that offers forex and CFD trading facilities. Regulated by CySEC, FSC (Mauritius), and FSA (Seychelles), Just Markets provides a wide range of trading instruments, including Forex, CFDs, and Cryptocurrencies. The broker allows almost all trading styles, from scalping to EA Trading, Copy Trading, and news trading.

Just Markets offers multiple trading platforms such as MT4, MT5, and a mobile trader platform. For passive investors, Just Markets provides a “copy trading” platform. The broker offers leverage as high as 3000:1. Additionally, with floating spreads starting from 0 pips, Just Markets aims to provide competitive pricing for its clients.

Is JustMarkets Considered Safe?

Yes, JustMarkets is considered safe. Though JustMarkets is not regulated by MAS, it is regulated by other reputed regulatory authorities including CySEC, FSC- Mauritius, FSA-S, FSCA. These regulations ensure strict compliance with industry standards and provide protection for client funds.

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

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