Is JustMarkets Legit or Scam in Nigeria? Full Review for 2025

If you’re a Nigerian trader looking for a reliable forex broker, chances are you’ve come across JustMarkets. But the big question remains: Is JustMarkets legit or a scam in Nigeria? This 2025 review breaks everything down — from regulation and account types to deposit/withdrawal options in Naira and user safety.

✅ Is JustMarkets Legit in Nigeria?

Yes, JustMarkets is a legit forex broker that accepts traders from Nigeria. The company is operated by JF Global Ltd, which is registered and regulated by the Financial Services Authority (FSA) of Seychelles — License Number: SD088.

Though not regulated by Nigeria’s SEC, this is normal for most global brokers operating in the Nigerian market. The important part is that JustMarkets offers a secure, transparent, and reliable platform for trading forex, crypto, indices, and commodities.

🛡️ Regulation & Safety

Regulator: FSA Seychelles (Offshore)
Website: www.justmarkets.com
Account Protection: Negative balance protection is provided.
Data Security: 2FA and SSL encryption for user data.

⚠️ Note: While not regulated by CBN or SEC Nigeria, JustMarkets is still considered safe due to transparent operations and a good global reputation.

💵 JustMarkets Deposit & Withdrawal Methods in Nigeria

JustMarkets supports local bank transfer in Naira through third-party processors and common e-payment systems like:

Skrill / Neteller
Crypto (USDT, BTC, ETH)
Bank cards (Visa, Mastercard)
Perfect Money
Internet banking

✅ Minimum deposit starts from $1 (₦1,500 approx.), depending on the account type.

📊 Account Types for Nigerian Traders

JustMarkets offers several account options suitable for both beginners and professionals:

Account Type	Minimum Deposit	Spread From	Commission	Platform
Standard Cent	$1	From 0.3 pips	None	MT4
Standard	$1	From 0.3 pips	None	MT4/MT5
Pro	$100	From 0.1 pips	None	MT4/MT5
Raw Spread	$100	0.0 pips	$3/lot	MT4/MT5

💡 Tip: Most Nigerian beginners start with Standard Cent to practice live trading with minimal risk.

📈 Trading Instruments Available

Forex pairs (USD/NGN not available)
Gold (XAUUSD), Silver
Indices (US30, NAS100)
Crypto (BTC, ETH, XRP)
Stocks CFDs

📞 Customer Support in Nigeria

JustMarkets offers 24/7 support via:

Live chat on the website
Email: support@justmarkets.com
WhatsApp (sometimes available for local partners)

No Nigerian office, but verified IBs (Introducing Brokers) are active across the country.

🧾 Real User Reviews from Nigeria

Here’s what Nigerian traders are saying:

⭐ “Easy deposit in Naira. Withdrawal was fast with crypto.” — Chuks from Lagos
⭐ “I prefer their Raw Spread account. Very low commission.” — Olumide from Abuja
⚠️ “No NGN trading pair. I had to calculate exchange rates manually.” — Ada from Enugu

📌 Final Verdict: Is JustMarkets Scam or Legit in Nigeria?

JustMarkets is NOT a scam. It’s a legit broker used by thousands of traders in Nigeria and globally.

While not regulated locally, it provides:

Secure trading platforms (MT4/MT5)
Reliable deposit/withdrawal systems in Naira
Multiple account types with flexible spreads
Good customer service

However, trade wisely, use demo accounts, and never risk more than you can afford to lose.

🔍 FAQ – JustMarkets Nigeria

Q: Can I deposit with Naira?
A: Yes, through bank transfer or e-wallet partners.

Q: Is JustMarkets registered in Nigeria?
A: No, it is not locally registered but is globally regulated by FSA Seychelles.

Q: Does JustMarkets support MT4 and MT5?
A: Yes, both platforms are available.

Q: How long does withdrawal take in Nigeria?
A: Usually 1–24 hours depending on method (crypto is fastest).