| Headquarters: | Seychelles: office 10, floor 2, Vairam Building, Providence Industrial Estate, Providence, Mahe, Seychelles Cyprus: office 102, 13/15 Grigori Afxentiou, 4003, Limassol, Cyprus |
| Foundation Year: | 2012 |
| Country: | Seychelles |
| Email: | support@justmarkets.com |
| Trade Platform: | MT4 for Desktop, MT4 Web Terminal, MT4 Android, MT4 iPhone Trader, MT4 iPad Trader MT4 Multi Terminal, MT5 for Desktop, MT5 Web Terminal, MT5 Android, MT5 iPhone Trader, MT5 iPad Trader, Platform for Android, Platform for iOS |
| Acc Funding Methods: | Credit Card, Debit Card, Western Union, Perfect Money, Neteller, Skrill, FasaPay, Internal transfer, Local Deposits, Bitcoin, TrustPay, Boleto, Multiple local methods, Sticpay, PayTrust, PayRetailers, Payment Asia, Crypto, Absa , Help2pay, Pix |
| Max: Leverage: | 1:3000* |
| Min. Deposit: | 1 |
| Base Currencies: | USD EUR GBP JPY MYR IDR THB VND KWD CNY ZAR |
| Min. Spreads: | 0.2 pips |
For a beginner forex trader, finding a trustworthy forex broker is a challenging task. The forex market is spilling over with numerous forex brokers competing with each other to expand their list of clients. They offer outstanding advantages, a variety of features, and exciting capabilities. Some of them are associated with forex regulation authorities, whereas others are not.
Importance of Regulating the Forex Market
Forex brokers are responsible for the deposited as well as profited money of traders. The forex market regulatory authorities keep a stringent vigil on the activities of forex brokers. Traders can file a complaint or lawsuit against their brokers if anything goes wrong in terms of the deposit, withdrawal, or the trading platform. The importance of regulatory authorities lies in protecting forex traders from forex scams, frauds, and illegal trading practices.
Forex brokers that are regulated must submit their financial reports to the regulatory authorities they are associated with. The authority assigns an “F” to a broker who fails to submit his financial reports on time. In addition, the authority may slam a penalty on the broker organization or even delist it from its list of members.
Being regulated by an authority is in favor of forex brokers since traders prefer to work with regulated brokers. Every regulated broker organization will mention the fact of being associated with a regulatory authority on its website.
Major Forex Market Regulatory Authorities
Forex regulatory authorities are specific to the countries they operate in and regulate brokers of their respective nations. Here are some of the leading forex regulation organizations:
Financial Services Authority (FSA) (based in the UK)
Australian Securities and Investments Commission (ASIC)
Cyprus Securities and Exchange Commission (CySEC)
Commodity Futures Trading Commission (CFTC) (based in the US)
ASIC – Australian Securities and Investments Commission
BaFIN – The BundesanstaltfürFinanzdienstleistungsaufsicht (Germany)
Financial Services Commission (FSC) – Mauritius
FSB – Financial Services Board (South Africa)
Financial Services Commission – BVI
CFTC has the most stringent rules among all the forex regulatory authorities in the world. For instance, creating an account with brokers affiliated with CFTC is quite cumbersome and may take around 3-4 days. On the other hand, the FSA, ASIC, and CySEC are more flexible.