JustMarkets: Market Offerings and Financial Overview
Overall, JustMarkets offers a highly accessible trading environment, boasting a diverse portfolio of over 260 financial instruments . Traders can diversify across multiple asset classes, including major/minor forex pairs, global stocks, indices, commodities, and popular cryptocurrencies.
Key Financial Specs & Account Features
Low Barrier to Entry: With a minimum deposit requirement of just $1 on standard accounts, the platform is exceptionally budget-friendly for beginners or retail traders looking to test strategies with minimal capital risk.
Flexible Leverage: Depending on the jurisdiction and account type, leverage can reach up to 1:3000 , allowing for significant market exposure (although requiring strict risk management).
Inclusivity: The broker accommodates diverse trading needs by offering swap-free Islamic accounts that comply fully with Sharia law.
Spreads and Fees: Spreads are highly competitive, starting as low as 0.0 pips on Raw Spread accounts (subject to a low commission per lot), while standard accounts feature zero-commission trading with spreads from 0.3 pips .
Support and Regional Nuances
While JustMarkets is generally praised for its 24/7 responsive customer support via live chat and messengers, experiences can vary by region. Specifically, some traders in Nigeria have noted occasional localized delays in response times and payment processing during peak market hours.
Regulatory Note: It is important for traders to verify local entity licensing. While JustMarkets holds reputable regulatory licenses globally—including the CySEC (Cyprus) for European operations, FSCA (South Africa) , and the FSA (Seychelles) —certain regional branches may operate under less stringent offshore regulations or lack direct local oversight in specific countries like Nigeria. Always ensure you register under the entity that matches your required level of investor protection.
Risk-Reward Profile for Nigerian Traders
Pros
Low Barriers to Entry: Low micro-lot entry constraints via $10 initial balances on Standard third party.
Flexible Cost Structures: Choice between standard raw-spread processing or pure commission-free spread trading.
Risk Safeguards: Native execution engine features built-in slippage protection and automated negative balance protection .
Operational Continuity: Customer support desks run 24/7 over active live chat, WhatsApp, and email channels.
Cons
Regulatory Isolation: Lack of local oversight from the SEC Nigeria means no local investor protection funds are available if structural default occurs.
Currency Conversion Factors: Direct NGN fiat balance displays are available, but payment channels frequently convert through USD banking pipelines, introducing volatility risk from parallel-market exchange premiums.
7. Operational Checklist: Onboarding & Verification
To initialize and fully clear an active account from Nigeria, traders follow this strict onboarding protocol:
Basic Details About JustMarkets in Nigeria
| Category | Details |
| 🏦 Nigeria Office Address | No office in Nigeria. JustMarkets operates online for Nigerian traders. |
| 📧 Email Support | [email protected] (global) / [email protected] (EU clients) |
| 📞 Phone Support (Nigeria) | No Nigeria-specific line. International numbers are listed for other regions. |
| 💬 Live Chat | Available via website and mobile app, multilingual and accessible globally. |
| ⏱️ Customer Support Hours | Support available 24 hours a day, 7 days a week for all clients. |
| ⏳ Office Operating Hours | Official office hours not specified; customer service operates 24/7. |
| 🌐 Official Website | justmarkets.com |
| 🚀 Sign up | 👉 Open Account |
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Is JustMarkets a Legit Broker for Nigerians?
Yes, it is. However, JustMarkets is not regulated by Nigerian authorities, and legal protection in Nigeria is limited. Despite this, JustMarkets is regulated in multiple jurisdictions, including South Africa, where local financial standards are stricter than in offshore zones.
| 🌎 Regulatory Body | 🇨🇴 Country | 🔢 License Number | ⏺️ Status / Description |
| Financial Sector Conduct Authority (FSCA) | South Africa | FSP 51114 | Authorised as a Financial Service Provider for South African clients. |
| Seychelles Financial Services Authority (FSA) | Seychelles | SD088 | Registered as a Securities Dealer. This licence is less strict. |
| Cyprus Securities and Exchange Commission (CySEC) | Cyprus | 401/21 | EU-authorised Investment Firm. Offers higher oversight than offshore. |
| Financial Services Commission (FSC) | Mauritius | GB22200881 | Licensed as Full Service Dealer (Excluding Underwriting). |
| British Virgin Islands FSC (BVI FSC) | British Virgin Islands | SIBA/L/24/1177 | Regulated for investment business activities. |
Is JustMarkets legal for Nigerians to use?
Yes. While not licensed in Nigeria, Nigerians can trade through its offshore and FSCA-regulated entities.
Does JustMarkets protect Nigerian traders’ funds?
Yes. Client funds are kept in segregated bank accounts, separate from company money.
JustMarkets Account Options for Nigerian Traders
Nigerian traders can open NGN-denominated accounts with JustMarkets and access all account types, including swap-free. The minimum deposit starts from $10, and leverage is available up to 1:3000.
| 💻 Live Account | 💳 Minimum Dep. | 👉 Open an account | 📊 Leverage | 💸 Commissions |
| Standard Cent (MT4) | $10 | 👉 Open Account | Up to 1:3000 | None |
| Standard (MT4/MT5) | $10 | 👉 Open Account | Up to 1:3000 | None |
| Pro (MT4/MT5) | $200 | 👉 Open Account | Up to 1:3000 | None |
| Raw Spread (MT4/MT5) | $200 | 👉 Open Account | Up to 1:3000 | $3 per side per lot |
| Standard – Copy (MT4) | $10 | 👉 Open Account | Up to 1:3000 | None |
| Pro – Copy (MT4) | $200 | 👉 Open Account | Up to 1:3000 | None |
Standard Cent Account (MT4)
| Account Feature | Value |
| 💻 Trading Platforms | MetaTrader 4 |
| 📉 Spread Pips | From 0.3 pips |
| 💰 Minimum Deposit | $10 |
| 📈 Maximum Leverage | Up to 1:3000 |
| 💹 Trading Instruments | Forex, Commodities |
| 🏆 Best For | New traders testing strategies with minimal risk |
| ✅ Advantages | Micro-lot trading, Cent-denominated account, Swap-free option |
| 🚀Sign up | 👉 Open Account |
Standard Account (MT4/MT5)
| Account Feature | Value |
| 💻 Trading Platforms | MetaTrader 4 and MetaTrader 5 |
| 📉 Spread Pips | From 0.3 pips |
| 💰 Minimum Deposit | $10 |
| 📈 Maximum Leverage | Up to 1:3000 |
| 💹 Trading Instruments | Forex, Indices, Commodities, Stocks ,Crypto |
| 🏆 Best For | Traders who need flexibility across multiple instruments |
| ✅ Advantages | No commissions, NGN account option, Swap-free available |
| 🚀Sign up | 👉 Open Account |
Pro Account (MT4/MT5)
| Account Feature | Value |
| 💻 Trading Platforms | MetaTrader 4 and MetaTrader 5 |
| 📉 Spread Pips | From 0.1 pips |
| 💰 Minimum Deposit | $200 |
| 📈 Maximum Leverage | Up to 1:3000 |
| 💹 Trading Instruments | Forex, Indices, Commodities, Stocks, Crypto |
| 🏆 Best For | Traders who want tighter spreads without commissions |
| ✅ Advantages | High leverage, Zero commissions, NGN support |
| 🚀Sign up | 👉 Open Account |
Raw Spread Account (MT4/MT5)
| Account Feature | Value |
| 💻 Trading Platforms | MetaTrader 4 and MetaTrader 5 |
| 📉 Spread Pips | From 0 pips |
| 💰 Minimum Deposit | $200 |
| 📈 Maximum Leverage | Up to 1:3000 |
| 💹 Trading Instruments | Forex, Indices, Commodities, Stocks, Crypto |
| 🏆 Best For | Active traders who prioritise tight pricing |
| ✅ Advantages | Spreads from 0 pips, $3 commission, Swap-free available |
| 🚀Sign up | 👉 Open Account |
Standard Account (MT4)
| Account Feature | Value |
| 💻 Trading Platforms | MetaTrader 4 |
| 📉 Spread Pips | From 0.3 pips |
| 💰 Minimum Deposit | $10 |
| 📈 Maximum Leverage | Up to 1:3000 |
| 💹 Trading Instruments | Forex, Indices, Commodities, Stocks, Crypto |
| 🏆 Best For | Beginners looking to follow experienced traders |
| ✅ Advantages | Low entry, Swap-free available, NGN support |
| 🚀Sign up | 👉 Open Account |
Demo Account
| Account Feature | Value |
| 💻 Trading Platforms | MetaTrader 4 and MetaTrader 5 |
| 🛠️ Features | Simulated market environment with live quotes and real-time pricing |
| 🏆 Best For | Beginners learning trading or pros refining strategy |
| 🚀Sign up | 👉 Open Account |
Islamic Account
| Account Feature | Value |
| 💻 Trading Platforms | MetaTrader 4 and MetaTrader 5 |
| 📉 Spread Pips | From 0 pips (Raw Spread) |
| 💰 Minimum Deposit | From $10 |
| 📈 Maximum Leverage | Up to 1:3000 |
| 💹 Markets Offered | Forex, Indices, Commodities, Stocks Crypto |
| 🏆 Best For | Traders following Sharia principles |
| ✅ Advantages | No overnight interest, Applies to all account types, Manual request required |
| 🚀Sign up | 👉 Open Account |
How Nigerians Can Open a JustMarkets Trading Account
Opening a JustMarkets account involves a few personal details, identity checks, and a quick setup through the trader dashboard. The registration form covers everything from your contact information to your income bracket.
Follow these simple steps to register and get started:
Step 1: Begin Registration
Visit the JustMarkets website and click Register.
Select Nigeria as your country of residence.
Enter your email and password (add a partner code if you have one).
Tick the box confirming you’re not a US citizen or resident.
Click Continue or sign up with Google or Facebook.
Step 2: Verify Your Email
You’ll land on your dashboard—click your email address and select Get started now.
Enter the verification code sent to your email.
Step 3: Provide Personal Details
Fill in your first name and surname.
Add your date of birth and gender.
Enter your residential address, city, phone number, and Tax Identification Number (TIN).
Step 4: Complete Your Trading & Financial Profile
Choose your industry and employment status.
Indicate your trading experience and the purpose of the account.
Provide annual income, overall wealth, main sources of income/funds, and expected deposit amount.
Declare whether you are a politically exposed person (PEP).
Step 5: Confirm and Submit
Tick the box to confirm your information is correct, then click Continue.
Step 6: Fund Your Account
Deposit up to $2,000 immediately, or
Complete identity and address verification (KYC) to unlock higher deposit limits.
Can I open more than one account with JustMarkets in Nigeria?
Yes. Traders can hold multiple live and demo accounts under one verified profile.
Broker Face-Off: JustMarkets Vs FXChoice Vs SuperForex
| JustMarkets | FXChoice | SuperForex | |
| ⚖️ Regulation | FSA Seychelles, CySEC, FSCA | IFSC Belize | Unverified IFSC Belize claim |
| 📱 Trading Platform | MT4, MT5, JustMarkets App | MT4, MT5, WebTrader | MT4, SuperForex App |
| 💰 Withdrawal Fee | None | Up to 0.5% | 0.5% to 5% |
| 📊 Demo Account | Yes | Yes, up to 20 at once | Yes |
| 📈 Minimum Deposit | $1 Cent, $10 Standard, $200 Pro/Raw | $10 Optimum, $100 Classic/Pro | $1 Cent, $5 Standard, $100 ECN |
| 📈 Leverage | Up to 1:3000 | Up to 1:200 | Up to 1:3000 |
| 📊 Spread | Between 0.1 and 0.3 pips, 0.0 on Raw | 1.5 pips Classic, 0.0 Pro | Fixed or floating, from 0.0 |
| 💰 Commissions | None except $3 per side on Raw | $7 round turn on Pro | From 0.013% on select accounts |
| ✴️ Margin Call/Stop-Out | 40% / 20% | 25% / 15% | 80% / 40% |
| ✴️ Order Execution | Market | NDD Market | ECN, STP, Market |
| 💳 No-Deposit Bonus | None | None | None |
| 📊 Cent Accounts | Yes | Yes (Optimum) | Yes (Micro Cent) |
| 📈 Account Types | Cent, Standard, Pro, Raw, Islamic | Optimum, Classic, Pro, Islamic | 11 retail accounts |
| ⚖️ SEC Regulation | No | No | No |
| 💳 NGN Deposits | No NGN support, currency conversion applies | No | Yes |
| 📊 Nigerian Naira Account | Yes | No | Yes |
| 👥 Customer Service Hours | 24/7 | 24/5 | 24/5 |
| 📊 Retail Investor Accounts | Yes | Yes | Yes |
| ☪️ Islamic Account | Yes, all types | Yes, Classic and Pro | Yes, many account types |
| 👉 Open account | 👉 Open Account | 👉 Open Account | 👉 Open Account |
JustMarkets Platforms Compared: App, MT4, MT5
If you trade with JustMarkets, you’ll use one of four platforms: the JustMarkets App, MetaTrader 4 (MT4), or MetaTrader 5 (MT5).
Each one offers something different, depending on how you manage trades and which tools you use most. Here’s what you need to know before deciding where to trade.
JustMarkets App
The JustMarkets app is mobile-first and fully independent from MT4 or MT5. You can trade directly in the app without connecting it to another platform, which sets it apart from many other broker apps that are just MT4/MT5 add-ons.
Key Features
- Economic calendar with real-time news feed integration.
- Full account management, including deposits and withdrawals.
- Average execution speed of 52 milliseconds with slippage protection.
- Over 1,000 technical indicators and charting tools are built into the app.
- Personalised watchlists for tracking preferred instruments.
- 24/7 multilingual live chat support is built into the app.
The JustMarkets App is ideal for mobile traders who want to open and manage trades directly from their phone, without needing a desktop platform.
MetaTrader 4 (MT4)
MT4 is still widely used, and it’s available across devices with full access to all JustMarkets asset classes. While it doesn’t offer as many charting tools as MT5, it still covers the essentials for most strategies.
Key Features
- Full access to forex, commodities, stocks, indices, and crypto CFDs.
- Custom indicators and third-party plugin compatibility.
- Available on Windows, Mac, iOS, and Android.
- Over 30 technical indicators and customisable timeframes.
- Supports automated trading via Expert Advisors (EAs).
- 128-bit encryption for secure order processing.
MetaTrader 4 is ideal for traders who rely on Expert Advisors or prefer a lighter platform with fewer distractions.
MetaTrader 5 (MT5)
MT5 builds on MT4 but offers far more data and functionality. It’s the better choice for those who want detailed analytics or who trade more than forex.
Key Features
- Supports a broader range of order types and market depth tools.
- Algorithmic trading with the MQL5 programming language.
- 80 built-in indicators and 21 timeframes for deeper analysis.
- Integrated economic calendar and news feed.
- Full mobile trading functionality via the MT5 app.
- Suitable for multi-asset strategies across all markets.
MetaTrader 5 is ideal for traders who want more control over execution types, analytics, and portfolio tracking.
What Assets Does JustMarkets Offer to Nigerian Traders?
JustMarkets gives Nigerian traders access to over 260 CFDs across six core markets.
| Market Type | Market Description | Examples/Popular Instruments | Reasons Why Nigerian Traders Should Be Familiar With This Type |
| 🏦 Forex CFD | Trade over 60 global currency pairs, including majors, minors, and exotics. | EUR/USD, GBP/USD, USD/ZAR, EUR/GBP, USD/NGN unavailable. | Forex is the most traded market in Nigeria, especially during periods of naira volatility or USD liquidity shifts. |
| 🛢️ Commodities CFD | Trade metals and energy products with swap-free access on most instruments. | XAUUSD, BRENT, XAGUSD, WTI, XNGUSD | Commodities like gold and oil often act as safe-haven or inflation hedges, which is popular during naira uncertainty. |
| 📊 Indices CFD | Speculate on the performance of major stock market indices without owning the underlying assets. | US100, UK100, DE40, JP225, US500 | Index trading offers exposure to multiple companies at once, which is ideal for macro strategies or diversifying beyond naira. |
| 📈 Stocks CFD | Access CFDs on 160+ US and EU companies, across sectors like tech, retail, and automotive. | AAPL, TSLA, AMZN, VOWG_p, LVMH | Nigerian traders often watch U.S. tech and EU giants because of the strong familiarity with global brands can improve trade accuracy. |
| 🚀 Crypto CFD | Trade 24/7 on major cryptocurrencies and altcoins, all as CFDs without needing a wallet. | BTCUSD, ETHUSD, ADAUSD, SOLUSD, XRPUSD | Crypto trading remains active among Nigerian traders due to capital controls, peer-to-peer interest, and volatility. |
Can Nigerians trade global indices and stocks with JustMarkets?
Yes. You can trade CFDs on stocks, Nasdaq, S&P 500, FTSE 100, and more.
Does JustMarkets allow crypto deposits and withdrawals?
Yes. Bitcoin, Ethereum, and other coins can be used for funding and payouts.
Are JustMarkets’ Fees Competitive in Nigeria?
Yes, JustMarkets’ fees are highly competitive across account types. From tight spreads and commission-free options to automatic swap-free trading on most instruments, the cost structure is built to support active and long-term strategies without hidden charges.
Spreads and Commissions
JustMarkets offers three account types with different pricing models. Standard accounts are commission-free, while Raw Spread accounts apply a $3 per side, per lot commission.
Typical Spreads (in pips)
| Instrument | Standard | Pro | Raw Spread |
| EUR/USD | 1.4 | 0.8 | 0.1 |
| XAU/USD | 1.8 | 1.1 | 0.5 |
| Brent | 1.5 | 0.4 | 0.4 |
| Apple (AAPL) | 0.8 | 0.5 | 0.5 |
| NASDAQ 100 | 2.5 | 1.8 | 1.7 |
| BTC/USD | 266.9 | 202.4 | 202.2 |
Commission Fees
| Accountt | Commission |
| Standard | None |
| Pro | None |
| Raw Spread | $3 per side, per lot (total $6 round-trip) |
Overnight Fees
Swap fees (also called overnight fees) apply when trades are held past 22:00 GMT+3, with triple swaps charged on Wednesdays. However, most instruments qualify for swap-free status automatically.
Some Instruments with extended swap-free status:
- All Forex pairs
- Precious metals (e.g., gold, silver, platinum)
- Stock CFDs
- Indices
- Cryptocurrencies
Typical Swap Rates (Where Applicable)
| Instrument | Long Swap | Short Swap | Swap-Free Available? |
| EUR/USD | -13.32 pts | -3.72 pts | ✅ |
| XAU/USD | -71.04 pts | -84.12 pts | ✅ |
| Brent | -13.32 pts | -3.72 pts | ❌ |
| AAPL (Stock) | -6% | -3% | ✅ |
| NASDAQ 100 | -1.5% | -1% | ✅ |
| BTC/USD | -5554.2 pts | -8466.6 pts | ✅ |
Inactivity Fees
Accounts with no trading activity for 150 days will be charged a $5 monthly inactivity fee. This fee is avoidable by placing a trade or withdrawing funds.
Deposit and Withdrawal Fees
JustMarkets does not charge withdrawal fees. That applies across cards, bank transfers, e-wallets, and crypto. However, payment providers can apply their charges.
How to Deposit and Withdraw Funds on JustMarkets from Nigeria
Funding a trading account can be where the hassle starts, but with JustMarkets, the available methods are varied enough to suit most Nigerian traders.
Below is a summary of available options.
| Method | Options | Deposit Time | Withdrawal Time | Currency Supported |
| Bank Cards | Visa, Mastercard | Instant | 1–2 hours to 3 business days | USD, EUR |
| Bank Transfers | Local transfer, international wire | 1–2 business days | 3–5 business days | USD, EUR |
| E-wallets | Skrill, Neteller, Perfect Money, Sticpay, Jeton Wallet | Instant | 1–24 hours | USD, EUR, MYR, THB, IDR, VND, KWD |
| Cryptocurrencies | Bitcoin, Ethereum, Tether (USDT) | Up to 1 hour (network-dependent) | Up to 1 hour | BTC, ETH, USDT |
| Online Banking | Local online banking (provider-specific) | Instant | 1–2 business days | Local currencies (varies by provider) |
| Payment Systems | Fasapay, Help2Pay, PayTrust88 | Instant | 1–24 hours | USD, MYR, THB, IDR, VND |
How to Deposit Funds to JustMarkets
Depositing to JustMarkets is done through your Personal Area. You’ll need to log in to your account, choose a method that works for you, and follow the on-screen instructions. This process is fairly quick, especially for card payments and e-wallets.
- Log in to your JustMarkets Personal Area.
- Go to the ‘Funds’ tab, then select ‘Deposit.’
- Pick the account you want to fund.
- Choose a payment method (e.g., Mastercard, USDT, Skrill).
- Enter your payment details, including the amount.
- Follow the instructions to confirm the payment with your provider.
How to Withdraw Funds with JustMarkets
Withdrawals are requested through the same Personal Area, and the process mirrors deposits. Once your request is submitted, JustMarkets typically approves it within minutes. The rest depends on how long your payment provider takes to complete the transfer.
- Log in to your JustMarkets Personal Area.
- Click on ‘Funds’, then go to ‘Withdrawal’.
- Choose which trading account the funds should be withdrawn from.
- Select your preferred method (e.g., bank transfer, Neteller, Tether).
- Input the withdrawal amount and confirm all details.
- Submit the request.
JustMarkets: Education, Research, and Market Insights for Nigerians
Whether you’re new to trading or looking to sharpen a long-term strategy, you’ll need more than just a platform and a login. What makes the difference is the level of practical education, clear explanations, and up-to-date market insight you can use to stay ahead.
JustMarkets offers resources that support Nigerian traders with detailed guidance, trading tools, and real-time updates.
| Tool | Description | Purpose for Traders |
| 📄 Educational Articles | Covers forex strategies, chart patterns, market analysis, MT4/MT5 features, and risk management. | Suitable for traders using mobile or desktop, including those learning to trade part-time. |
| 📝 Help Centre | Includes setup guides, platform usage, payment info, and account features explained clearly. | Explains key processes like verification, deposits, and trading conditions relevant to Nigeria. |
| 🎓 Video Tutorials | Visual guides on trading signals, MetaTrader tools, automated trading, and more. | Good for beginners learning MT4/MT5, or for traders interested in signal copying or EAs. |
| 📆 Economic Calendar | Tracks economic news from over 50 countries, including central bank decisions and employment data. | Helps time trades around key events that affect forex pairs like EUR/USD. |
| 📡 Market Overview | Covers current events impacting markets, including daily summaries, bank policy updates, and macro analysis. | Gives insight into why prices move, useful for decision-making around forex, indices, and gold. |
| 📊 Daily Forecasts | Offers short updates covering currency, oil, gold, and crypto price movements. | Supports short-term trading plans, including scalping and news-based trading. |
| 📝 Trading Glossary | A searchable A–Z reference for trading terminology. | Helps clarify technical language in MT4/MT5 and the JustMarkets Personal Area. |
| ⌨️ Currency Converter Tool | Shows currency data for 180+ currencies and trading statistics. | Useful when managing USD- or EUR-based accounts from Nigeria, especially with conversion costs. |
| 📊 Trading Calculators | Tools for pip value, swap estimates, margin use, and profit projection. | Speeds up trade planning and limits miscalculation risk. |
Does JustMarkets Offer Bonuses in Nigeria?
Yes, traders in Nigeria can access JustMarkets’ Loyalty Programme. It’s available, automatic, and tied directly to your trading activity.
As you trade, JustMarkets credits a portion of the spread and commission you’ve paid back into a separate wallet. That balance (JM USD) is yours to use across most live accounts. The system is simple: one JM USD equals one US dollar.
How It Works
The cashback is automatically credited after every completed trade. It’s not tied to profit or loss, and it doesn’t depend on reaching complicated milestones.
Every time you place a trade, 10% of your total spread and commission costs are returned to your Reward Wallet as JM USD. The more volume you generate, the more cashback you earn.
Once you’ve built up a balance, you can move your JM USD into any active account—Standard, Pro, or Raw Spread. Once transferred, that JM USD will cover half of the spread and commission cost on future trades.
If you’ve built up $50 in JM USD, for example, you can apply that balance to reduce $100 worth of trading fees by half.
What You Can Expect
- Every trader earns 10% cashback on trading fees (credited automatically).
- JM USD covers up to 50% of future spread and commission costs.
- It works across Standard, Pro, and Raw Spread accounts.
- No expiry or usage limits. You can apply it how and when you want.
You can track everything through your Reward Wallet. This shows your current JM USD balance, how much you’ve earned from past trades, and what you’ve applied to each account.
Is It the Same as a Bonus?
Not exactly, but it works better in some ways. Most trading bonuses are temporary. You get a deposit match or limited cashback once, and then it’s gone. JustMarkets takes a different approach; this system keeps paying out if you actively trade.
Nigerian Traders
There’s nothing in the fine print that excludes Nigerian traders. There’s no need for a separate registration process either. That means the loyalty programme is already available to Nigerian users on both MetaTrader platforms and the JustMarkets mobile app.
Because JM USD is credited in US dollars, Nigerian traders using NGN accounts may still deal with conversion costs, but the cashback helps offset this.
JustMarkets Partnership and Referral Options in Nigeria
Nigerian traders, content creators, and influencers who want to earn from the financial markets without placing trades have full access to JustMarkets’ partnership programmes.
There’s no minimum trading volume requirement to start earning, and every referred client can add to your revenue, even if they use small accounts.
Commissions are calculated based on trading volume, not profits, and payments are processed daily with no internal withdrawal fee from JustMarkets.
Introducing Broker (IB) Programme
This is the primary referral option for anyone interested in earning through client acquisition. Once registered, you receive a unique referral link that tracks every registration and trade from your audience.
Commissions are credited automatically once clients begin trading across forex, indices, stocks, crypto, or commodities.
Payouts increase as you refer more active traders, and there’s a tiered structure that pays more as your referral base grows. There’s also a progression boost for new partners, which lets you move up levels faster during the early phase.
Partners can also create client rebates, which means you can share part of your commission with referred traders. It’s entirely optional and managed through your Partner Area.
IB Partners Get Access To:
- Daily payouts with instant withdrawals via Visa, Skrill, Bitcoin, and more.
- Earnings of up to 45% of JustMarkets’ revenue from client trading activity.
- Custom rebate tools to support client retention.
- Real-time reporting through the Partner Area.
- Promotional resources, including banners and tracking links.
Who Is It For?
This programme is open to anyone with a verified JustMarkets account. Nigerian users can register as partners through the official site and start earning once their partner profile is active.
It suits trading educators, social media influencers, Telegram group admins, and content creators across Nigeria’s fast-growing retail trading space. You don’t need to be a licensed advisor or financial professional.
Referral Process
Once you’ve joined the programme, you receive a referral link that’s unique to your account. You can share this through WhatsApp groups, social media posts, email newsletters, trading forums, or your website.
Anyone who clicks and registers through your link is tagged as your referral automatically. There’s no code entry or manual approval needed. Once the account is verified and trading begins, the commission flow starts.
You’re paid based on volume, not trader performance. Thus, you continue to earn as long as your referrals stay active, regardless of whether they make or lose money.
All referral earnings are credited in near real time and can be withdrawn at any point. Some providers might charge withdrawal fees, but JustMarkets does not.
Summary
- Partners in Nigeria can earn up to 45% revenue share through the IB programme.
- Every referred client is tracked automatically via unique links.
- Commission is paid daily and can be withdrawn instantly.
- Rebates can be customised to support trader retention.
- No setup fees or minimum requirements to start.
JustMarkets Helpdesk: What Support Can You Expect?
If you use JustMarkets and need to reach someone for account questions, technical issues, or general help, the support system is open and responsive.
Nigerian traders can access round-the-clock assistance, and support is available across several platforms, including live chat, phone, email, and messaging apps.
| Customer Support | JustMarkets Customer Support |
| ⏰ Operating Hours | Available 24/7, including weekends and public holidays. |
| 🔊 Support Languages | English, Indonesian, Malaysian, Spanish, Portuguese, Vietnamese. |
| 👥 Live Chat | Available on the JustMarkets website. Response time is usually under a minute. |
| ☎️ Email Address | [email protected] (for trading, technical, or account-related queries). [email protected] (for affiliate and referral support). |
| 🏆 Telephonic Support | English support: +248 46320271, +230 529703301. Callback option is also available. |
| 💬 Messenger Support | Telegram, WhatsApp, Instagram, Viber, iMessage, Messenger are all supported for client service. |
| 📍 The overall quality of JustMarkets Support | Reliable, prompt, and available through several contact methods. Live chat remains the fastest option for most queries. |
JustMarkets Broker Awards Overview
Some brokers build reputations through awards and sponsored rankings. JustMarkets has taken a different route by putting performance, stability, and transparency at the centre.
While there’s no trophy shelf full of paid titles, JustMarkets continues to attract global clients through reliability, regulation, and user-focused features. That speaks louder than manufactured recognition.
Does JustMarkets Support Social Causes in Nigeria?
No, there is currently no public record of JustMarkets supporting local charities, educational initiatives, or social development programmes in Nigeria.
While JustMarkets is active in the region and provides services to Nigerian traders, its engagement appears limited to trading and partnership offerings.
Closing Thoughts: Is JustMarkets a Good Broker for Nigerians?
Yes, JustMarkets gives Nigerians access to multiple account types, NGN-denominated options, high leverage, and a solid range of trading instruments, including forex, crypto, stocks, and indices. MetaTrader platforms are covered, and swap-free trading is available.
The fees are competitive, starting from zero commissions on most accounts, with the Raw Spread account offering tighter pricing if you’re prepared to pay the $3 per side. Deposits are low from $10, and while NGN deposits aren’t supported, you can open NGN accounts.
There’s no Nigerian office or local regulation, so legal protections within the country are limited. That won’t matter to everyone, but it’s worth flagging. On the upside, JustMarkets holds licences in Cyprus and South Africa, which carry more weight than offshore-only setups.
Customer service is available 24/7, including via live chat and messaging apps, which makes a difference if you trade outside local office hours.
JustMarkets is an ideal broker for Nigerians looking to trade across markets with a platform that offers high leverage, competitive pricing, and broad account support.
Is JustMarkets Right for You? Pros and Cons
| 🟢 Pros | 🔴 Cons |
| Nigerian traders can open NGN-denominated accounts | No office or Nigerian regulatory licence |
| Swap-free trading is available on all account types | Currency conversion fees may apply when using NGN |
| Leverage of up to 1:3000 available across accounts | Withdrawal speed depends on payment provider |
| Commission-free trading on most account types | Inactivity fee of $5 after 150 days with no trades |
| Raw Spread account offers tight pricing from 0 pips |
JustMarkets Review Detailed Summary
| Category | Details |
| 🌍 General Information | |
| 🏢 Company Name | JustMarkets (formerly JustForex) |
| 📅 Year Founded | 2012 |
| 🏠 Head Office | Seychelles; other offices offshore (Cyprus, Mauritius, South Africa) |
| 🔗 Website | justmarkets.com |
| ⚖️ Regulatory Bodies | CySEC (Cyprus), FSA (Seychelles), FSC (Mauritius), FSCA (South Africa) :contentReference[oaicite:0]{index=0} |
| 🏛️ Tier-1 Licenses | CySEC |
| 🏢 Tier-2 Licenses | FSA (Seychelles), FSC (Mauritius), FSCA (South Africa) |
| 👥 Active Traders Globally | Millions across 197 countries |
| 🏆 Awards | Recognized for low spreads, fast execution, wide instruments (multiple reviews note this) |
| 💼 Trading Desk Type | Market execution on MT4/MT5; no ECN |
| 🛡️ Is JustMarkets Safe? | Client funds are segregated; regulated but offshore jurisdictions—moderate safety profile |
| 🌎 Accept US Clients | No |
| ⚠️ Negative Balance Protection | Yes—provided across account types in Nigeria |
| 📂 Account Details | |
| 🏦 Account Types | Cent (Standard Cent), Standard, Pro, Raw Spread |
| 🌍 Account Opening Languages | Multilingual (including English) |
| ☪️ Islamic Account Available | Yes (swap-free on request) |
| ⏳ Account Opening Time | Typically fast (not specified but common among offshore brokers) |
| 💰 Minimum Deposit | Cent & Standard: $1; Pro & Raw Spread: $100 |
| 💳 Deposit Methods | Cards, e-wallets, mobile money, local wallets, crypto (wide options) |
| 📊 Demo Account Available | Yes (demo with leverage up to 1:2000) |
| 🎁 Welcome Bonus | Yes (depicted in bonus programs) |
| ⚡ Deposit Processing Time | Instant for many methods; varies by method |
| 📉 Trading Features | |
| 📈 Leverage | |
| 📊 Spreads | Up to 1:3000 |
| 🔄 Swap-Free Accounts | Yes (Islamic on any account) |
| ⚡ Scalping Allowed | Yes |
| 🔒 Hedging Allowed | Yes—no limits except Cent account lot limits |
| 💻 Trading Platforms | MT4, MT5 (web, desktop, mobile) |
| 🖥️ Desktop App | Yes |
| 📱 Mobile App | Yes |
| 📊 Trading Products | Forex, metals, indices, energies, shares, futures, crypto CFDs (~170+ instruments) |
| 🔧 Technical Tools | Webinars, economic calendar, market news, VPS access, educational videos and articles |
| 📊 Charting Tools | Full MT4/MT5 charting features (indicators, timeframes) |
| ⏳ Time Frames | Multiple (standard from 1 min to monthly) |
| 🔔 Alerts & Notifications | Not explicitly stated (most platforms support alerts) |
| 📖 Education & Support | |
| 📚 Learning Materials | Webinars, articles, glossary, videos |
| 📅 Economic Calendar | Yes—via platform and resources |
| 🎥 Weekly Webinars | Yes |
| 🏅 Beginner Friendly | Yes (low-min cent accounts, education tools) |
| 🛠️ Trading Tools | VPS, calculators, news—platform integrated |
| 📧 Email Support | Yes |
| 📞 Phone Support | Yes |
| 💬 Live Chat Support | Yes (available via website and multiple messengers—Telegram, WhatsApp, etc.) |
| ⏰ Customer Support Hours | 24/7 support available |
| ⭐ User Experience Score | High (4.7/5 rating in Nigeria) |
| 💰 Fees & Costs | |
| 🏦 Deposit Fee | No broker fee; local processors may apply fees |
| 💵 Withdrawal Fee | 0% on deposits & withdrawals (broker side) |
| ⏳ Inactivity Fee | Not mentioned |
| 💲 Commission Fee | Cent/Standard/Pro: spread only; Raw Spread: $6 per lot : |
| 💳 Payment Methods | Diverse: cards, e-wallets, mobile, crypto, local wallets |
| 🔄 Trading Models | |
| 🚀 STP (Straight Through Processing) | No—market execution via standard/Raw spread model |
| ❌ Market Maker | Yes (as non-ECN broker) |
| 🌟 Special Features | |
| 🖥️ VPS Hosting | Yes |
| 📱 Mobile Trading Experience | High (full mobile app with features) |
| 🔍 Advanced Tools | Webinars, news, educational resources |
| 📈 Instruments Offered | |
| 💹 Forex Trading | Yes |
| 📉 Indices CFDs | Yes |
| 🛢️ Commodity CFDs | Yes |
| 📊 Stock CFDs | Yes |
| 🪙 Cryptocurrency CFDs | Yes |
| 🇳🇬 Nigeria-Specific Features | |
| 🗣️ Local Languages Supported | English (platform/support multilingual) |
| 💵 Local Bank Transfers Supported | Yes (local bank, mobile money, wallets) |
| 💰 Minimum Deposit in Naira | Approx. ₦1,000–₦1,200 (based on $1 USD) for cent/standard; ₦41,450 for Pro/Raw Spread ($100) (*) |
| 📞 Nigerian Customer Support | Yes—Nigeria support desk available |
| ⚖️ Regulation in Africa | Regulated via FSCA (South Africa), also servicing Nigeria under other licenses |
| 📈 Popularity in Nigeria | Moderate to high—4.7/5 rating; Africa-focused promotions |
| 🔥 Final Ratings | |
| ⭐ Beginner Friendliness | High |
| 📚 Education Quality | Good |
| 💰 Deposit & Withdrawal Process | Seamless, zero broker-side fees |
| 📊 Platform Quality | High (MT4/5, robust execution) |
| 🏅 Customer Service | Excellent (24/7, multi-messenger support) |
| ✅ Trustworthiness | Moderate (regulated but offshore; segregated funds) |
| 🚀 Sign Up | 👉 Click Here |
Reference List for Our JustMarkets Review
Top Questions About JustMarkets Nigeria
1. Broker Profile & Regulatory Standing in Nigeria
JustMarkets is an international multi-asset brokerage firm operating entirely on a cross-border, digital-only model within Nigeria. The broker does not maintain physical offices or hold a license from the Nigerian Securities and Exchange Commission (SEC) .
Instead, the platform operates under several tier-2 and tier-3 international jurisdictions:
CySEC (Cyprus Securities and Exchange Commission)
FSCA (South Africa Financial Sector Conduct Authority)
FSA (Seychelles)
FSC (Mauritius)
BVI FSC (British Virgin Islands Financial Services Commission)
While international coverage provides oversight for institutional solvency, Nigerian clients engage with the offshore corporate entity, meaning local regulatory protections or statutory dispute resolution frameworks do not apply.
2. Tradable Instruments & Leverage Frameworks
Traders have access to over 260 financial instruments across five major asset classes: Forex, Commodities, Indices, Stock CFDs, and Cryptocurrencies.
Maximum leverage scales up to 1:3000 , though it is dynamically managed based on account equity thresholds to prevent systemic risk.
Dynamic Leverage Limits
$0 – $999: Up to 1:3000
$1,000 – $4,999: Up to 1:2000
$5,000 – $39,999: Up to 1:1000
$40,000 or more: Up to 1,500
Risk Margin Warning: Leverage drops systematically 15 minutes before high-impact economic news releases and stays capped until 5 minutes post-release. Lower leverage limits are also enforced during weekend market rollovers.
3. Comprehensive Account Tier Breakdown
JustMarkets provides five structural account configurations tailored to varying capital tiers and trading strategies. While accounts feature base infrastructure denominated in Nigerian Naira ( NGN ), original funding or external clearing pathways process through USD equivalents.
| Feature | Standard Cent | Standard | Pro | Raw Spread | (Standard/Pro) |
| Minimum Deposit | $10 | $10 | $200 | $200 | $10 (Standard) / $200 (Pro) |
| Spreads From | 0.3 pips | 0.3 pips | 0.1 pips | 0.0 pips | 0.3 pips (Std) / 0.1 pips (Pro) |
| Commission | None | None | None | $3.00 per side per lot ($6.00 round turn) | None |
| Supported Software | MT4 | MT4 / MT5 | MT4 / MT5 | MT4 / MT5 | MT4 |
| Base Currency | USC (US Cents) | NGN, USD, EUR, GBP | NGN, USD, EUR, GBP | NGN, USD, EUR, GBP | NGN, USD, EUR, GBP |
| Max Positions | 30 | 100 to 500 | 100 to 500 | 100 to 500 | 100 |
4. Transaction Pipelines & Policy Controls
Funding & Processing Costs
JustMarkets maintains a zero-commission policy on deposits and withdrawals .However, local third-party payment processors or commercial banks may levy processing network fees.
The platform supports electronic wallets, bank cards, local digital payment gateways, and international wire transfers. Third-party funding is explicitly prohibited ; all incoming and outgoing capital must match the exact legal name registered on the verified trading account to comply with Anti-Money Laundering (AML) standards.
Swap-Free (Islamic) Integration
Accounts are eligible for automated or manual conversion to swap-free status, eliminating overnight interest or financing fees.There are two primary access levels:
Standard Swap-Free: Automatically granted to residents of majority-Muslim nations.
Extended Swap-Free: Available upon profile optimization for extended holding periods on selected major pairs and commodities.
5. Platform Architecture & Affiliate Systems
Digital Ecosystem
Trading operations are supported across four core software options:
MetaTrader 4 (MT4): Optimized for legacy algorithmic strategies and integration.
MetaTrader 5 (MT5): Tailored for multi-asset expansion and depth-of-market execution.
JustMarkets Native App: Available on iOS and Android for self-directed portfolio management.
WebTerminal: Browser-based execution requiring zero localized deployment.
Introducing Broker (IB) Framework
The affiliate structure allows partners to monetize client networks via two distinct payout matrices:
Fixed Commission: Paid flat per lot traded by referrals.
Revenue Share: A percentage payout derived directly from the generated spread.
Commissions settle daily into the partner wallet with zero trailing volume requirements.
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