Rating Index

Pros

Offers a wide range of trading instruments, including over 45 forex currency pairs, stocks, CFDs, indices, commodities, and cryptocurrencies.

Utilizes the popular MetaTrader 4 platform, which is well-regarded for its trading features and user-friendly interface.

Claims to provide ultra-fast execution with a 0% rejection rate and no re-quotes, which can enhance the trading experience.

Cons

Lacks proper regulation from recognized financial authorities, raising concerns about the safety and security of client funds.

Numerous negative reviews and complaints from users about delayed withdrawals and high-pressure sales tactics, indicating potential trust issues.

The website appears unprofessional with design flaws and grammatical errors, which may reflect a lack of credibility and investment in their services.

24Five broker Accounts

24Five Account Type

24Five offers three types of trading accounts designed to meet the needs of various traders. These accounts are categorized as follows:

Bronze Account

Minimum Deposit: $500
Spreads: From 2.3 pips
Commissions: None
Brokerage Support: 24/5
Leverage: Based on client categorization status
Instruments: Currencies, metals, energies, grains, and softs.

Silver Account

Minimum Deposit: $2,000
Spreads: From 1.9 pips
Commissions: None
Brokerage Support: Yes
Leverage: Based on client categorization status
Instruments: Currencies, metals, energies, grains, softs, equity indices, and shares.

Golden Account

Minimum Deposit: $20,000
Spreads: From 0 pips
Commissions: 1.2 pips per closed lot
Brokerage Support: Yes
Leverage: Based on client categorization status
Instruments: Currencies, metals, energies, grains, softs, equity indices, and shares.

24Five Broker Account Opening Process

Opening an account with 24Five is straightforward and can be completed in a few steps:

Choose Your Account Type: Decide which account type (Bronze, Silver, or Golden) suits your trading needs and experience level.
Provide Personal Information: Fill out the application form with your personal details, including your name, address, social security number (or tax ID), and contact information.
Submit Identification Documents: You may be required to provide identification documents for verification purposes.
Fund Your Account: After your account is approved, you will need to deposit funds. You can typically fund your account through bank transfers, credit/debit cards, or other accepted payment methods.
Start Trading: Once your account is funded, you can begin trading on the 24Five platform, utilizing the features and tools available to maximize your trading experience.