24fx Review

MIN. DEPOSIT $250
Up to 400:1
Up to $10,000 BONUS
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24fx
Up to $10,000
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Overview

Company Information One of the globally recognized brokers in the industry is known as 24FX. The company was founded in 2013 and has its headquarters stationed in Limassol. The online… more

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Details

Broker24fx
Website URLhttps://www.24fx.com/
Founded1999
HeadquartersLimassol, Cyprus
Support NumberCyprus: +357-252-62208; UK: +44-203-1500269
Support Emailsupport@24fx.com
Support TypesPhone, Live Chat, E-mail, Contact Form
LanguagesEnglish, Arabic, French, German, Italian, Russian, Spanish, Turkish
Minimum 1st Deposit$250
Minimum Trade Amount0.01 lots
BonusUp to $10,000
PayoutUp to 400:1
Free Demo AccountYes
Regulated Yes
RegulationCySEC
Account TypesSilver, Gold, Platinum
Deposit MethodsVisa, Visa Electron, MasterCard, Discover, Skrill, Laser, Delta, Diners Club, Paysafecard, Neosurf, cashU, Qiwi, AstroPay, Discover, Webmoney, Wire Transfer, Neteller, Sofort, Moneta, GiroPay, iDeal
Withdrawal MethodsVisa, Visa Electron, MasterCard, Discover, Skrill, Laser, Delta, Diners Club, Paysafecard, Neosurf, cashU, Qiwi, AstroPay, Discover, Webmoney, Wire Transfer, Neteller, Sofort, Moneta, GiroPay, iDeal
Types of AssetsForex, CFDs, Indices, Stocks, Commodities, Crude Oil, Gold & Silver
Account CurrencyUSD, EUR, GBP, JPY
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Full Review

Company Information

One of the globally recognized brokers in the industry is known as 24FX. The company was founded in 2013 and has its headquarters stationed in Limassol. The online broker provides some of the latest solutions for the financials markets, and it eagerly supports the transparent trading environment. Although 24FX is relatively new player in the branch, the owners behind the brand name are the well recognized Rodeler Ltd. The more experienced traders should be familiar with the name and know it as a reputable and well-known enterprise. Another quite famous brand of the same owners is 24Option, which is mainly involved in binary options. In the recent years, 24FX become a famous broker for its dedication to provide the clients with top notch services and excellent support. Some might be skeptical about a company with almost no operational track record, but the potential behind 24FX is increasing every day. Even if you are a new trader or a professional, 24FX will undoubtedly provide you with the necessary tools and perfect trading environment to develop your investment and successfully trade with the most traditional financial instruments.

 

Trading Information

24FX offers various services and a broad range of products for their clients. Numerous Forex pairs are available for trading with the most famous ones offered on tight spreads. There are exotic currencies, as well as CFDs and Indices. The broker also has a good selection of commodities, such as crude oil, gold, and silver. Stocks are also offered by the company on a leverage of 1:10 and spreads, which usually vary from 0.10 to 0.25. When it comes to accounts, 24FX provides Silver, Gold and Platinum options for their clients. All spreads on these types of profiles are fixed. However, the amount can depend on the kind of the account. There are various benefits, which come with the Premium client profile, such as free VPS, Hedging, webinars and videos, dedicated account manager and news alerts. 24FX also have the option for Islamic account, which is suitable for Muslim traders and it’s free from commissions according to Islamic sharia law.

 

Trading Platforms

The online broker uses MetaTrader 4 that is still the most popular software among the traders nowadays. The software is easy to install, and it comes configured by the company. It’s equipped with numerous charts, helpful tools, and indicators. For mobile trading experience, 24FX provides its solution that it is well suitable for smartphones, tablets or iPads. The app is available on both Android and iOS. The interface is very intuitive and well adjusted for a mobile device. Traders will have almost all the options and instruments as the desktop version.

 

For those who want to try something different than the well-known MT4, there is a real alternative called WebTrader. The platform is not that popular as MetaTrader, but still it has its fans. The main advantage of this software is that it runs on any device with a browser. It has well-adapted functionality and various great features.

 

Security and Customer Services

24FX is a dedicated broker focused on providing secure services to their clients. The website employs strong SSL encryption on the connection issued and verified by GoDaddy Secure Authority. The online broker is also strictly regulated by various institutions, such as the CySEC (a.k.a Cyprus Securities and Exchange Commission). Also, 24FX ensures well secured and perfectly protected servers where the client’s data is held. According to the company, all the information is private and won’t be compromised.

 

One of the strongest pros, which this young online broker has, is surely the customer service. 24FX offers fantastic 24/5 support on various channels. Traders are free to contact the offices via phone, email or live chat. Some of the phone lines are local, so clients from some European countries may benefit from them. The website is also well adjusted and translated into seven different languages.

 

Deposits and Withdraws

Payments are processed via some of the widely used options including e-wallets. You can review them in details in our table. When it comes to deposits, there are various minimum requirements, which mainly depend on the choose account type. For the Silver account, the lower possible deposit is $250, Gold – $5 000 and Platinum – $20 000. Withdraws also take a different amount of time to be processed by 24FX and it’s also related to the account type. The time frames go as follows – Silver take seven working days, Gold – five business days and Platinum – two business days. Clients should take note that some additional fees may apply on the withdraws as it’s clearly stated by 24FX in their terms and conditions.

 

Deposit Bonus and Loyalty Program

The online broker offers a deposit bonus program for its new clients. The promotion is surely not the best deal but has the potential to be. But let’s get down to the details and dissect this offer. First of all, 24FX does not state the actual percentage of the deposited amount that will be credited as a bonus. According to the company, the promotional amount is determined at 24FX’s discretion. The rollover requirements are also quite higher than expected. For every $1 bonus to be available and withdrawn, clients have to execute a trading volume of 10 000 base instruments. In other words, to unlock $100 every customer should trade at least $1 000 000. There is a bonus period as, which is not explicitly stated and it’s probably determined by the 24FX as well.

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