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.
Although JustMarkets is regulated by several authoritative bodies, including CySEC, FSC- Mauritius, FSA-S, FSCA, it is not regulated by the FCA (Financial Conduct Authority). In this article, we will explore JustMarkets’s regulatory framework, its features, and provide a list of alternative brokers that are regulated by the FCA
Does JustMarkets Operate Under FCA?
No, JustMarkets does not operate under FCA (Financial Conduct Authority) regulations. The broker is regulated by several other reputable financial authorities, including the 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 FCA in the UK.
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 FCA Regulated Forex Brokers: Alternatives to JustMarkets
JustMarkets is one of the leading forex and CFD brokers. The broker is not regulated by FCA. It is regulated by other top-tier regulators including ASIC, CySEC, FSA, FSCA, SVG. There are several FCA regulated brokers that can serve as alternatives to JustMarkets. These brokers include:
- 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.
- Founded In: 2001
- Minimum Deposit: $0, No Minimum Deposit is required. However Chinese and Brazilian traders require a $500 Minimum Deposit.
- Maximum Leverage: up to 1:400 (1:200 for retails traders, 1:400 for Pro account)
- Regulations: FCA, SCB, CMVM, BACEN and CVM
- Trading Platforms : MT4, MT5, ActivTrader, and Tradingview
- Trading Instruments: Forex, CFDs (Shares, Indices, Cryptocurrencies, ETFs, Commodities, Bonds), Spread Battings
- Founded In: 2007
- Minimum Deposit: None
- Maximum Leverage: 500:1
- Regulations: ASIC, SVG, FSA, DFSA,FCA.
- Trading Platforms : MT4, WebTrader, AxiTrading Platform, Copy Trading App
- Trading Instruments: Forex, Shares, IPOs, Indices, Commodities, Cryptocurrencies
- Founded In: 2014
- Minimum Deposit: $100
- Maximum Leverage: 1:500
- Regulations : FCA, CySEC, FSA, FSA (Labuan), and FSCA.
- Trading Platforms : MT4, MT5, WebTrader Platform, MetaTrader for Mac , Tickmill Mobile App
- Trading Instruments: Forex , Stock Indices, Commodities,Bonds, Cryptocurrencies, Stocks
These brokers operate under FCA regulation. According to FCA rules, they offer leverage up to 30:1 and provide investor protection and negative balance protection for retail traders. To learn more about FCA-regulated forex brokers, you can read our content on the best FCA-regulated forex brokers.
How Can I Verify If My Broker is FCA Regulated?
To verify if your broker, such as JustMarkets, is regulated by the FCA, follow these steps:
- Find the Broker’s Reference Number or Name: Obtain this information from the broker’s website.
- Search the FCA Register: Visit the FCA Financial Services Register and enter the broker’s reference number or name.
- Check the Broker’s Authorization: Ensure that the broker is authorized to provide “Rolling spot forex contract” services to retail customers in the UK.
- Match Firm Details: Verify that the details on the FCA website, such as the broker’s website and email, match those provided by the broker. Any discrepancies might indicate an unauthorized broker, and you should avoid trading with them.
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. The broker is regulated by multiple top-tier regulatory authorities, including CySEC, FSC- Mauritius, FSA-S, FSCA. It offers negative balance protection and holds client funds in segregated bank accounts. Additionally, JustMarkets provides an investor protection scheme for clients regulated under CySEC, FSC- Mauritius, FSA-S, FSCA, making it a reliable and trustworthy broker.
Does JustMarkets Offer Negative Balance Protection?
Yes, JustMarkets offers negative balance protection. All FCA-regulated brokers must offer negative balance protection. Negative balance protection means that traders are protected from losing more money than they have in their trading accounts. If a trade results in losses that exceed the amount of funds in the account, negative balance protection ensures that the trader’s balance cannot go below zero. This prevents the trader from owing the broker any additional money.
Is JustMarkets Regulated in the UK?
No, JustMarkets is not regulated in the UK. However, the broker accepts clients under its global entity, (JustMarkets LLC). JustMarkets is regulated by other top-tier authorities, such as ASIC, CySEC, and FSCA, ensuring a high standard of compliance and investor protection.
Does JustMarkets Offer an Investor Protection Scheme?
Yes, JustMarkets offers an investor protection scheme for clients under the CySEC, FSC- Mauritius, FSA-S, FSCA jurisdictions. This protection covers eligible investors in case of broker insolvency or other issues. ASIC-regulated clients benefit from stringent Australian financial laws, while CySEC offers protection in line with European Union regulations, ensuring added security for traders within these regions.
Is JustMarkets Regulated in the EU?
Yes, JustMarkets is regulated in the EU through its license with CySEC (the Cyprus Securities and Exchange Commission). Since CySEC is an EU regulator, JustMarkets follows the European Union’s strict standards, including client fund protection and transparency. It also complies with MiFID II regulations, ensuring a high level of oversight and security for European traders.
