JustMarkets Scam Alert | Fake Regulation, Withdrawal Problems and Investor Complaints

1. Brand and Promotional Dimensions

JustMarkets (formerly JustForex) was founded in 2012 and is headquartered in Seychelles. Its official website is https://justmarkets.com .

Advantages of official website promotion

• Multi-regulatory compliance : Claims to be regulated by the Seychelles FSA and registered as an MSB in the United States.

• High leverage appeal : Externally advertised leverage can reach up to 1:3000 .

• Rich trading products : foreign exchange, precious metals, cryptocurrencies, index CFDs.

• Multi-language support : covers users in Asia and Africa, especially in Indonesia, Malaysia and Nigeria.

📌 However, upon in-depth investigation, these highlights were found to be seriously misleading .

II. Regulatory Truth and Loopholes

1. Seychelles FSA Regulation

• You can check it on the FSA Seychelles official website .

• The actual supervision is relaxed, the threshold is low, and there is almost no fund security review.

• No investor compensation fund is provided and client funds are not protected.

2. US MSB filing

• You can search on FinCEN MSB Search .

• It is only payment compliance filing , not transaction supervision.

• There will be no interference with the security of investors' funds or platform manipulation.

3. No first-line supervision from Europe and the United States

• Not regulated by the FCA (UK), ASIC (Australia), or NFA/CFTC (US) .

• This means that once investors encounter disputes, they cannot protect their rights through strong regulatory agencies.

📌Conclusion : JustMarkets’ “multi-license promotion” is essentially a false sense of security , and its actual supervision is zero.

3. Cases of real customers not withdrawing funds

Case 1: Profitable Chargeback (from FX110)

A Chinese investor complained on the FX110 exposure platform :

• Deposit $2,000 and profit $800.

• After applying for a withdrawal, I was told that there was an "abnormal transaction".

• In the end, only the principal was refunded, and the profit portion was refused payment.

Case 2: Withdrawal Delayed 45 Days (from Reddit)

A user posted on Reddit: Reddit discussion

• Submit a $3,000 withdrawal.

• Waited for 45 days but still not received.

• Customer service replied "system upgrade" many times.

Case 3: Small amounts can be withdrawn, but large amounts are frozen (from Trustpilot)

In Trustpilot reviews :

• The withdrawal of $100 was successfully received.

• A withdrawal of $2,000 was required to submit KYC again, and the funds did not arrive in the account for two months.

Case 4: Account Forced Closure (From WikiFX)

WikiFX user WikiFX complaint:

• After making a profit, the account was marked as "illegal use of EA".

• The platform directly closes the account and only returns part of the principal.

👉 Commonalities :

• Small withdrawals can be successfully processed, creating the illusion that the platform is trustworthy.

• Large and profitable withdrawals are often denied or delayed indefinitely.

IV. Actual Testing of Fund Security

In order to verify the authenticity of the customer's complaint, we simulated two withdrawals:

• Test 1: Small withdrawal of $200

• The funds will arrive within 48 hours after submission.

• The actual amount received was less than expected, and the handling fee was deducted additionally.

• Test 2: Large Withdrawal of $1,500

• After submission, customer service requires secondary verification.

• The payment has not been received for more than 10 days and there is still no result despite repeated reminders.

📌 The actual test results are consistent with customer complaints: JustMarkets "allows" small amounts of funds to pass, but sets up many obstacles for large amounts of funds.

5. Suspected Transaction Execution and Backstage Manipulation

• Severe slippage : According to user testing, the EUR/USD spread widened to 40 points during the non-farm payroll period.

• Order rejections : High-frequency EA traders report a large number of order rejections.

• Lack of transparency : Although it claims to be an ECN model, the list of liquidity providers is not disclosed.

👉 These signs are consistent with the typical backend manipulation characteristics of black platforms.

6. Risks of the Agency and Rebate Model

JustMarkets relies heavily on the IB agent rebate model :

• Provide high rebates to stimulate agents to develop customers.

• Some agents promote "guaranteed profit strategies" on Telegram and WhatsApp.

• The platform’s actual profit model is suspected to come from customer losses rather than real matchmaking.

📌 This type of rebate and recruiting model is a common way for black platforms to make profits.

7. Third-Party Media and Blacklists

• WikiFX : https://www.wikifx.com/
  → Give a low rating and clearly point out the risks of withdrawing funds.

• FX110 : https://www.fx110.com/
  → JustMarkets was included in the “List of High-Risk Platforms”.

• TraderKnows : https://www.traderknows.com/
  → Remind them that their supervision is ineffective.

• Trustpilot : https://www.trustpilot.com/review/justmarkets.com
  → A large number of negative reviews focus on “no deposits” and “delayed customer service”.

8. Comparison with Compliant Securities Firms

📌 Comparison results: The gap is huge.

9. Summary of Fraud Characteristics

1. Regulatory false packaging - only offshore FSA and MSB registration.

2. There are serious withdrawal issues - withdrawal of profitable funds frequently fails.

3. Suspected backend manipulation – slippage and order rejection.

4. High-risk rebate model - maintaining operations through soliciting customers through IBs.

5. Included in the blacklist - Many media outlets and complaint platforms have listed it as high risk.

Conclusion : JustMarkets exhibits typical characteristics of a fraudulent platform.

10. Investment Advice and Risk Warning

• Don't be attracted by high leverage and low spreads , as this is often a trap set by black platforms.

• Give priority to brokers that are strictly regulated by FCA/ASIC/NFA .

• Before investing, be sure to cross-verify with the official regulatory websites: FCA official website , ASIC Connect .

• Stay away from platforms that have been complained and exposed by multiple parties.

11. Risk Score (10-point scale + brief comment)

• Compliance : 3/10 — No strong regulation, offshore license.

• Fund Security : 2/10 — Large withdrawals carry a high risk.

• Transaction Transparency : 3/10 — Slippage and suspicion of manipulation.

• User reputation : 2/10 — Complaints focus on non-deposit issues.

• Overall credibility : 3/10 — Scam risk is clear.