Is JustMarkets legit and safe?
By Gerald Louw · Last verified: July 2026 · How we verify
Licensed locally — but your account sits offshore
JustMarkets is a real broker with a real FSCA-licensed South African entity — but that local entity acts only as an intermediary under the FAIS Act, while client accounts are opened with its offshore entities. "FSCA-regulated" is technically present and practically misleading: your money’s protection is offshore-grade.
Who you actually contract with
- ▸JustMarkets’ South African site discloses that its local FSCA-licensed company acts as an intermediary, with an offshore group company named as the "Product Supplier" — meaning client accounts are opened outside the South African regulatory framework.
- ▸Group entities include a Mauritius FSC-licensed company (licence GB22200881, per its own legal pages) and a Cyprus-registered entity; most African clients contract offshore.
Verified findings — with sources
- BrokerToolsHub verification, 2026: the local-intermediary structure is disclosed in the fine print of JustMarkets’ own South African website — the international site does not surface it. Our Broker Checker flags this structure automatically.
- No regulator blocks or enforcement actions surfaced in our verification sweep.
We publish only findings we verified against regulators' own releases, registers, or the broker's own disclosures — and we name the source. Unverified claims circulating online are excluded.
What's genuinely good
- Genuine licences at group level (Mauritius FSC; local FSCA intermediary licence)
- Low minimum deposits and wide African payment support
Before any money moves
- Ask before depositing: "Which entity holds my account, and which regulator covers THAT entity?" — the answer is not the FSCA
- The intermediary structure is legal but weaker than it looks — read our borrowed-licence guide for how these arrangements fail
Frequently asked questions
Is JustMarkets regulated by the FSCA?
Its South African entity holds an FSCA licence — as an intermediary only, under the FAIS Act. Client accounts are opened with offshore group entities per its own disclosures, so the FSCA’s protection largely does not extend to your trading account. That distinction is the whole story.
Is JustMarkets a scam?
No — it is a real broker with real licences and no regulator actions in our sweep. The caution is structural: the local licence covers introduction, not your account. Know which entity you contract with, and weigh it like any offshore-regulated broker.
Check another broker
Broker not listed? Our free Broker Checker runs a live regulatory and reputation scan on any broker in about thirty seconds.