For many South African traders, choosing the right forex broker is not just about spreads, platforms, or bonuses — it’s also about regulation and legality. With the growing popularity of JustMarkets (previously known as JustForex), one of the most common questions is: Is JustMarkets legal in South Africa?
In this article, we’ll explore the broker’s regulatory status, its compliance with South African laws, and what it means for traders who want to trade safely and confidently.
Regulatory Status of JustMarkets in South Africa
Yes — JustMarkets is legal in South Africa. The broker is authorised and regulated by the Financial Sector Conduct Authority (FSCA), the official financial regulatory body in the country.
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FSCA Licence Number: [Insert current licence number if available]
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FSCA Role: The FSCA ensures that brokers operating in South Africa follow strict rules for client protection, transparency, and fair market practices.
This means South African traders can open accounts with JustMarkets and enjoy local legal protection under FSCA’s guidelines.
Why FSCA Regulation Matters
When a broker is regulated by the FSCA, it must:
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Segregate Client Funds – Your trading funds are kept in separate bank accounts, away from company operational money.
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Provide Negative Balance Protection – You cannot lose more than your account balance.
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Offer Transparent Trading Conditions – No hidden fees or misleading terms.
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Follow Dispute Resolution Processes – If issues arise, traders can escalate complaints through the FSCA.
This layer of protection makes FSCA-regulated brokers far safer than unregulated ones.
Can You Trust JustMarkets in South Africa?
JustMarkets has been in the global forex market since 2012 and serves traders in over 190 countries. In South Africa:
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Regulated Operations: The broker complies with FSCA laws.
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Local Payment Methods: Supports deposits and withdrawals via South African banks and e-wallets.
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Platform Availability: Offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
While no broker is risk-free, FSCA oversight makes JustMarkets a legitimate and credible option for South African traders.
How to Verify JustMarkets’ FSCA Licence
To confirm a broker’s regulatory status:
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Visit the official FSCA website.
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Search for “JustMarkets” or the company’s registered name.
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Check the licence details, including the authorised services.
Regularly verifying a broker’s licence ensures you’re trading with a legitimate company.
Benefits of Trading with a FSCA-Regulated Broker
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Legal Protection: You have a legal route if disputes occur.
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Safer Transactions: Local bank payments are faster and more secure.
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Compliance with Local Laws: Prevents issues with the South African Reserve Bank (SARB).
Conclusion
So, is JustMarkets legal in South Africa?
Yes. It is authorised by the FSCA, making it a legitimate and regulated forex broker for South African traders. This regulation ensures safer trading conditions, client fund security, and legal recourse if problems arise.
For anyone starting or continuing their forex journey in South Africa, JustMarkets stands as a trusted choice — provided you also manage your trading risks and continue learning about the markets.