A practical look at whether Justforex offers South African rand (ZAR) accounts, how to verify the broker, and what traders should know before funding a ZAR-denominated trading account.
Justforex is a retail forex and contracts for difference (CFD) broker that was founded in 2012. In 2022, the brand underwent a rebranding to JustMarkets as part of a broader expansion beyond forex into indices, commodities, shares, and cryptocurrencies[reference:0]. Despite the name change, many traders still refer to the broker as Justforex, and the platform continues to operate under multiple regulated entities worldwide.
The broker offers trading via the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are among the most widely used trading interfaces in the industry[reference:1]. Justforex serves clients in various regions and provides a range of account types designed for different experience levels and trading styles.
đź“Ś Key point: Justforex now operates as JustMarkets across most of its global entities. When checking for ZAR account availability, you will most likely see the JustMarkets brand. Always confirm the legal entity that holds your account.
Yes. Justforex (via its JustMarkets brands) offers trading accounts denominated in South African rand (ZAR) across multiple account types. According to broker reviews and the broker's own account specifications, ZAR is listed as one of the available base currencies for Standard, Pro, and Raw Spread accounts[reference:2]. Other supported account currencies include USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, AED, and NGN[reference:3][reference:4].
This means that South African traders—or any trader who prefers to manage their forex trading in rand—can open an account, deposit, trade, and withdraw in ZAR without needing to convert funds to USD or another major currency at every step.
✅ Bottom line: If your question is “does Justforex have ZAR account?”—the answer is yes, but always double-check the specific entity you are signing up with, because not all regional entities may offer the same currency options. The ZAR-denominated accounts are most commonly available through the Seychelles (FSA) and other international entities.
Justforex offers several live account types, and ZAR availability varies by account tier. The table below summarises the main account types and whether ZAR is a supported base currency.
| Account Type | Platform | Min. Deposit (USD) | ZAR Base Currency? | Commission |
|---|---|---|---|---|
| Standard Cent | MT4 | $10 | ❌ (USC only) | None |
| Standard | MT4 / MT5 | $10 | âś… Yes | None |
| Pro | MT4 / MT5 | $200 | âś… Yes | None |
| Raw Spread | MT4 / MT5 | $200 | âś… Yes | $3 per side / lot |
| Islamic (Swap-Free) | MT4 / MT5 | Varies | âś… On request | Varies |
Source: Broker account summaries[reference:5][reference:6]. Minimum deposit and ZAR availability may change; always verify on the official JustMarkets website.
The Standard Cent account is designed for beginners and uses USC (US Cent) as its base currency, not ZAR[reference:7]. For ZAR-denominated trading, you will need to select a Standard, Pro, or Raw Spread account. The minimum deposit for a Standard account is approximately $10 USD, which translates to roughly R160–R190 ZAR depending on the exchange rate[reference:8].
Before depositing funds into any ZAR-denominated forex account, conducting proper broker checks is essential. Justforex operates through several regulated entities, and the regulatory status depends on which entity you are dealing with.
Justforex (JustMarkets) holds licenses from multiple regulators, including:
For South African traders, the presence of an FSCA license (FSP 51114) is particularly relevant. The Financial Sector Conduct Authority (FSCA) is the primary regulatory body for forex brokers in South Africa[reference:14]. An FSCA license indicates that the broker must adhere to strict transparency, security, and ethical trading standards[reference:15].
⚠️ Important: Not all Justforex entities are FSCA-regulated. If you are a South African resident, ensure that your account is opened under the FSCA-licensed entity (Just Global Markets (Pty) Ltd) to benefit from local regulatory protections. Always verify the FSP number directly on the FSCA public register[reference:16].
As the CFTC and IOSCO regularly remind traders, dealing with an unlicensed or unregulated broker significantly increases the risk of fraud and loss of client protection[reference:19]. Always verify current regulatory status directly with the official broker site and the relevant regulator.
A ZAR-denominated account can be useful in several scenarios. Below are three common use cases where a ZAR account with Justforex makes practical sense.
For traders based in South Africa, a ZAR account eliminates the need to convert rand to USD for every deposit and withdrawal. This reduces currency conversion fees and simplifies accounting. You can fund your account via local payment methods in ZAR and trade forex pairs such as USD/ZAR, EUR/ZAR, or GBP/ZAR directly.
Businesses or individuals with exposure to the South African rand—such as importers, exporters, or investors holding ZAR-denominated assets—can use a ZAR account to hedge currency risk. By trading USD/ZAR or other ZAR pairs, you can offset potential losses from adverse exchange rate movements.
For traders who primarily trade ZAR pairs, having ZAR as the base currency means that profits and losses are realised in rand. This avoids the spread and conversion costs that would otherwise apply if you traded in USD and then converted back to ZAR. Over time, these savings can add up significantly.
đź“Ś Scenario: A South African exporter expects to receive $50,000 USD in three months. They open a ZAR-denominated Standard account with Justforex and place a sell order on USD/ZAR to lock in the current exchange rate. If the rand weakens, the short USD/ZAR position generates a profit that offsets the loss on the receivable. Because the account is in ZAR, all margin and P&L are calculated in rand, making the hedge easy to track.
Understanding the cost structure is critical when evaluating whether a ZAR account is right for you. Justforex offers competitive spreads, but the exact costs depend on the account type you choose.
The Standard Cent account, while not available in ZAR, offers spreads from 0.3 pips and is popular among beginners because it allows micro-lot trading with lower risk[reference:23].
The minimum deposit for a ZAR-denominated Standard account is approximately $10 USD, which translates to roughly R160–R190 ZAR depending on the current USD/ZAR exchange rate[reference:24]. For Pro and Raw Spread accounts, the minimum deposit is $200 USD, or approximately R3,200–R3,800 ZAR[reference:25].
đź’ˇ Tip: Exchange rates fluctuate daily. Always check the current USD/ZAR rate and the broker's minimum deposit requirements in your chosen base currency before funding your account. The figures above are indicative and may change.
Justforex supports a wide range of funding methods, including bank cards (Visa, MasterCard), e-wallets (Skrill, Neteller, Perfect Money), cryptocurrencies, and local bank transfers[reference:26]. For South African clients, local ZAR transfers are often available, which can significantly reduce transfer fees and processing times. Always verify the available methods for your region on the official broker site.
Leverage is a double-edged sword. Justforex offers leverage up to 1:3000, meaning that a small adverse price movement can result in the loss of your entire deposited capital[reference:29]. The FSCA, CFTC, and IOSCO all warn that retail forex traders lose money more often than they profit[reference:30].
Key risks to consider when using a ZAR account:
Never trade with money you cannot afford to lose. Consider seeking independent financial advice before engaging in leveraged forex trading. This article does not constitute personalised financial, legal, or tax advice.
Yes, Justforex (via JustMarkets) offers ZAR-denominated accounts on Standard, Pro, and Raw Spread account types. The Standard Cent account is not available in ZAR.
The minimum deposit for a Standard ZAR account is approximately $10 USD, which is roughly R160–R190 ZAR depending on the exchange rate. Pro and Raw Spread accounts require $200 USD (approx. R3,200–R3,800 ZAR).
Yes, one of the Justforex entities—Just Global Markets (Pty) Ltd—holds an FSCA license with FSP number 51114[reference:33]. However, not all Justforex entities are FSCA-regulated, so verify which entity you are opening an account with.
Yes. A ZAR-denominated account allows you to trade USD/ZAR and other ZAR pairs directly, with profits and losses calculated in rand. This can be more convenient than trading in USD and converting later.
Justforex supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for all account types, including ZAR-denominated accounts[reference:34].
Justforex generally does not charge deposit or withdrawal fees[reference:35]. However, your bank or payment provider may apply transfer fees or currency conversion charges. Always check the broker's latest fee schedule.
Yes, negative balance protection is available on all Justforex accounts, including ZAR-denominated ones[reference:36]. This means you cannot lose more than your account balance.
You can verify Justforex’s regulatory status by checking the license number on the regulator’s official register—for example, the FSCA public register for the South African entity, or the CySEC register for the Cyprus entity. Always confirm directly with the official broker website and the regulator[reference:37].