JustMarkets Regulation & Licences — CySEC, FSCA, FSA, FSC — Is JustMarkets Safe? 2026

JustMarkets Regulation Overview — Five Licences Across Four Jurisdictions

CySEC — Cyprus Securities and Exchange Commission (Licence 401/21)

JustMarkets holds a CySEC licence under number 401/21 through JustMarkets Ltd, incorporated in Cyprus. CySEC is the regulator for EU member state Cyprus and operates under MiFID II — the EU's Markets in Financial Instruments Directive. This is the strongest regulatory framework JustMarkets operates under.

• ✓MiFID II compliance — rigorous reporting, capital adequacy, and client protection requirements
• ✓Investor Compensation Fund (ICF) — eligible EU client claims up to €20,000 per person if the firm cannot meet obligations
• ✓Strict leverage limits: 1:30 maximum on major forex, 1:20 on gold, 1:10 on equities, 1:2 on crypto
• ✓Negative balance protection mandatory for retail clients under ESMA rules
• ✓Segregated client funds held with EU-regulated credit institutions

FSCA — Financial Sector Conduct Authority South Africa (FSP 51114)

The FSCA regulates financial services providers in South Africa under the Financial Advisory and Intermediary Services Act (FAIS). JustMarkets holds FSP licence number 51114 through Just Global Markets (Pty) Ltd.

• ✓FAIS and FICA compliance — financial advisory standards and anti-money-laundering
• ✓Fit and proper requirements for key personnel
• ✓Client fund protection requirements under South African law
• ✓Primary regulator for South African resident traders

FSA Seychelles — Financial Services Authority (Licence SD088)

The FSA Seychelles licence (SD088) is held by Just Global Markets Ltd and is the entity that serves most international traders outside the EU and South Africa — including Indonesia, Malaysia, Nigeria, Thailand, Vietnam, Kenya, India, and most other Asian and African countries.

The FSA Seychelles is an offshore regulator that has grown significantly in the forex industry over the past decade. It is not as stringent as FCA, ASIC, or CySEC — it does not require client fund compensation schemes or impose the same capital adequacy standards. However, it does require:

• ✓Annual financial reporting to the regulator
• ✓Client fund segregation from company operational funds
• ✓Anti-money-laundering compliance
• ✓Minimum capital requirements (lower than EU/UK standards)

• ✗No investor compensation fund — if JustMarkets becomes insolvent, Seychelles clients have no guaranteed compensation scheme
• ✗No ESMA leverage limits — this is why FSA clients can access 1:3,000 leverage (both benefit and risk)
• ✗Lighter oversight cadence than FCA/ASIC — fewer routine regulatory audits

FSC Mauritius — Financial Services Commission (Licence GB22200881)

Just Global Markets (MU) Limited holds FSC Mauritius licence GB22200881. Mauritius has developed into a recognised offshore financial centre with growing regulatory standards, though still considered offshore rather than top-tier. Some international clients may be served via this entity depending on their country.

BVI FSC — British Virgin Islands Financial Services Commission

Just Markets Group Inc holds a BVI FSC licence. The BVI Financial Services Commission regulates financial services in the British Virgin Islands. Like Seychelles and Mauritius, it is an offshore regulator with lighter requirements than EU, UK, or Australian regulators.

Which JustMarkets Entity Serves Your Country?

Client Fund Segregation at JustMarkets

Across all entities, JustMarkets maintains segregated client accounts — your deposited funds are held separately from JustMarkets' operational capital. This means that if JustMarkets faced financial difficulty, client funds would not be pooled with company assets in insolvency proceedings.

• ✓Client funds held in segregated bank accounts separate from company operational funds
• ✓No client funds used for company operations or proprietary trading
• ✓Segregation verified as part of regulatory compliance across all entities

Negative Balance Protection — Global Policy

JustMarkets provides negative balance protection on all accounts globally — including FSA Seychelles clients who are not legally required to receive this protection under Seychelles regulation. This is a voluntary commitment by JustMarkets.

Negative balance protection means: if extreme market volatility causes your account equity to drop below zero — for example during a market gap at the weekend open — JustMarkets absorbs the negative balance and resets your account to zero at no cost to you. You cannot owe money to JustMarkets beyond your deposited funds.

Honest Assessment — How Strong Is JustMarkets Regulation?

JustMarkets is a legitimate, operating broker with over 12 years in the industry (founded 2012 as JustForex, rebranded 2022). It has paid out withdrawals reliably and has a 4.4-star Trustpilot rating from 3,000+ verified reviews. The honest picture:

• ✓Multi-regulated with 5 licences across 4 jurisdictions — more than most offshore-focused brokers
• ✓12+ years of operating history without major regulatory action
• ✓Segregated client funds across all entities
• ✓Negative balance protection offered voluntarily to all clients, including offshore

• ✗Most international clients are on FSA Seychelles — offshore, lighter than FCA/ASIC/CySEC
• ✗No investor compensation scheme for Seychelles/Mauritius/BVI clients — no safety net if insolvency occurs
• ✗Leverage up to 1:3,000 is available because oversight is lighter — this cuts both ways

Frequently Asked Questions — JustMarkets Regulation

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