Is JustMarkets legit? Ex-JustForex, 1:3000 and Seychelles

No regulator has concluded that JustMarkets is a scam, and the broker has licences you can look up and a real platform. Its risk is structural: it renamed itself from JustForex in 2022, Vietnamese clients go into a lightly supervised Seychelles entity, and leverage goes up to 1:3000.

Before 2022, this broker was called JustForex

JustMarkets is not a brand-new name. The broker was founded in 2012 as JustForex and renamed itself JustMarkets in 2022 when it expanded into gold, crypto and stocks. A name change is not automatically a bad sign.

But with a broker that holds your money, a history of rebranding is worth examining, because a new name can “refresh” the image and separate it from complaints attached to the old one.

Legally, “JustMarkets” is a group of entities, each covering a region:

The first two rows both carry the JustMarkets name, but their leverage caps are a hundred times apart. The row with the 1:30 cap is the one with a public register entry you can check. Verbatim:

“JustMarkets Ltd. Licence Number: 401/21. Licence Date: 08/06/2021. Company Registration Number: 361312.”

(CySEC register of Cypriot Investment Firms, read on 24/08/2026.)

For the row offering 1:3000, there is no register entry you can look up in the same way.

One number, two kinds of client

Same broker, two kinds of client, two leverage levels that sit far apart: EU retail clients under the CySEC entity get at most 1:30; international clients, including Vietnam, under the FSA Seychelles entity get up to 1:3000.

Why such a gap? Because EU regulators ban leverage above 1:30 for retail clients. They consider high leverage too risky for individual investors. FSA Seychelles sets no such cap.

So when you are offered 1:3000, the number reveals where you stand: you are NOT under a tightly protected entity, you are under a lightly supervised offshore one.

The more generous the leverage, the thinner the shield behind you. The rule that never changes: read the entity you sign the contract with, and ignore the most impressive regulator logo on the home page.

So how dangerous is 1:3000 in practice? With 100 USD of capital you can open a notional position of 300,000 USD. A 0.03% move against you is enough to wipe out the account. This is not a tool for earning more.

It is a tool for blowing up faster. And the higher the leverage, the more often you trade, and the more fees and spread the broker collects (spread is the gap between the buy price and the sell price, in other words a fee you pay). The benefit of that number leans toward the broker, not toward you.

How far FSA Seychelles supervision goes

Vietnamese JustMarkets clients sit under Just Global Markets Ltd, FSA Seychelles licence number SD088. FSA Seychelles is a real regulator, but it belongs to the light-supervision group (Tier-3): its minimum operating capital requirement is fairly low (around 50,000 USD), and its dispute resolution for clients is very limited.

In concrete terms: if you have a withdrawal dispute, you have almost no strong independent arbiter to turn to, unlike clients under the FCA or CySEC.

On international forums, JustMarkets has drawn a number of complaints about slow or difficult withdrawals, deposits not being credited, large slippage (the fill price differs from the price you saw when you clicked), and slow support responses. Formal complaints have been filed with FSA Seychelles.

The more clients a broker has, the higher its absolute number of complaints usually is. But the type of complaint (stuck withdrawals, deposit errors), together with a Tier-3 entity and 1:3000 leverage, is enough for me to put JustMarkets in the “be cautious” category for Vietnamese traders.

The CySEC register has one more field few people read: the domain

The CySEC licence 401/21 that JustMarkets displays is real: it is held by JustMarkets Ltd, registration number 361312, granted on 08/06/2021, based in Mesa Geitonia, Limassol, authorised to receive and transmit orders, execute orders, manage portfolios and give investment advice across 27 EU/EEA countries.

But the register lists one more field: the approved domain for this entity is justmarkets.eu, with the support email support@justmarkets.eu. That is not the site Vietnamese clients sign up on. Vietnamese clients go to justmarkets.com and sign with Just Global Markets Ltd (Seychelles, SD088).

That is a different entity, outside the scope of licence 401/21 and not covered by the Cyprus Investor Compensation Fund (the fund that pays clients when a licensed firm goes bankrupt).

A 30-second check: look at the domain in the address bar when you deposit, and compare it with the domain listed in the CySEC register. If the two domains differ, the licence you read about in the advertising does not apply to your account.

Bottom line: is JustMarkets legit, and how to use it with less risk

No regulator has concluded that JustMarkets is a scam, and there has been no collapse. The broker has several licences you can look up and a real platform.

Compared with the names we have already taken apart, such as Wefinex or Busstrade, JustMarkets is in a completely different class: a real brokerage business, not a fundraising scheme promising returns.

Its risk, then, is not “taking the money and running”. It is structural risk, three factors that add up: the rename from JustForex (2022) makes its past harder to trace; Vietnamese clients go into the lightly supervised Seychelles FSA entity (SD088); and leverage of 1:3000.

That number is both the bait and the signal that you are not in the tightly protected box. Add the withdrawal complaints, and this is a “be cautious” broker, like VT Markets or RoboForex: only approach it with small capital and a habit of verifying.

If you still want to use it, my experience comes down to four things. Do not let the leverage number tempt you: 1:3000 is a trap, not a perk. Keep your real leverage low and limit the risk on each trade to 1–2% of capital with a position size calculator.

Identify your entity correctly by reading the client agreement: if you see Just Global Markets Ltd (Seychelles SD088), you are in Tier-3 offshore, so adjust your expectations of protection to that reality.

Deposit a small amount and test a withdrawal in the first week, and take screenshots with timestamps. And only reach the broker through a domain you have checked yourself. Vietnamese clients use justmarkets.com, not the justmarkets.eu listed in the CySEC register. Never click unfamiliar links in ads or messages.

The 1:3000 leverage and the Seychelles licence are two sides of the same sheet of paper, not two separate features. That is exactly why our ranking of 20 brokers gives regulation the highest weight.

Before you deposit, open the client agreement and read the entity name written in it. Those two minutes are worth more than any advertising you have heard about this broker.

Spotted something inaccurate? Tell us and we will check it and publish a correction.