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24 markets.com Forex broker specializes in providing foreign exchange trading services, the company's official website https://24markets.co..., the company's legitimate regulatory information South AfricaFSCADerivatives Trading License (EP), South AfricaFSCADerivatives Trading License (EP) to enhance the security of the company's address 8th Floor, Suite 803, Hennessy Tower, Pope Hennessy Street, Port Louis, Mauritius

24 markets.com Forex Broker

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24 markets.com

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24markets Review SummaryFounded2014Registered Country/RegionSouth AfricaRegulationSuspicious cloneMarket InstrumentsForex, Commodities, Crypto, Indices, Stocks, CFDsDemo Account❌LeverageUp to 1:500SpreadFrom 1.5 pips (EUR/USD, Discovery account)Trading PlatformWebTrader, MetaTrader 5 (MT5), Mobile AppMin Deposit$100Customer SupportEmail:support@24markets.comPhone:+27 101 577 500 (Available 24/5)WhatsAppLive chat24markets Information 24markets is a South Africa-based broker launched in 2014, offering CFDs on Forex, indices, commodities, stocks, and crypto. While it features a range of platforms including MT5 and web-based trading, it falsely claims FSCA regulation under another companys license.Pros and ConsProsConsOffers MT5 and a web platformCloned licenseMultiple account types with tiered benefitsDemo and Islamic accounts not availableSupports Forex, stocks, crypto & moreLimited information of swap and inactivity feesIs 24markets Legit? The broker claims to be regulated by FSCA using license No. 50640, which actually belongs to DEDA CAPITAL MARKETS (PTY) LTD. However, the brokers name and domain do not match the licensed entity, clearly indicating a fake or cloned license intended to mislead users.Regulatory Status Suspicious cloneRegulated bySouth Africa – Financial Sector Conduct Authority (FSCA)Licensed InstitutionDEDA CAPITAL MARKETS (PTY) LTDLicensed TypeFinancial Service CorporateLicensed Number50640What Can I Trade on 24markets? 24Markets offers a wide selection of CFD trading instruments, including dozens of Forex pairs, over 10 global indices, major commodities, and popular cryptocurrencies. While stocks are supported, ETFs are not mentioned.Tradable InstrumentsSupportedForex✅Commodities✅Crypto✅CFD✅Indexes✅Stock✅ETF❌Account Types 24Markets offers three live account types: Discovery, Prime, and Master. Each suits different trading levels—from beginners to professionals—with increasing benefits like tighter spreads, higher leverage (up to 1:500), and VIP services.Account TypeMin DepositKey FeaturesBest ForDiscovery$1001.5 pip spreads, up to 100:1 leverage, no priority support, some education toolsBeginnersPrime$5,0000.8 pip spreads, up to 300:1 leverage, 3 swap-free days, 3x weekly rep meetingsIntermediate tradersMaster$20,0000.3 pip spreads, up to 500:1 leverage, 7 swap-free days, full VIP featuresAdvanced/professional tradersLeverage 24Markets offers dynamic leverage of up to 1:500, depending on the account type. While high leverage can increase profits with little capital, it also increases the danger of significant losses without appropriate risk management.24markets Fees Compared to industry standards, 24Markets trading fees are moderate to slightly high, especially for entry-level accounts. While spreads decrease with higher-tier accounts, the absence of transparent commission and swap rate details limits cost comparison for advanced traders.Account TypeEUR/USD Spread (From)CommissionDiscovery1.5 pips$0Prime0.8 pips$0Master0.3 pips$0 Spreads: Start from 1.5 pips on the Discovery account and go as low as 0.3 pips on the Master account. Commissions: No commissions are stated across all account types. Swap Rates: Swap-free trading is available for up to 7 days on higher-tier accounts. Exact overnight swap fees are not publicly disclosed.Non-Trading FeesNon-trading Fees Deposit Fee Varies by payment method and bank; some may incur third-party processing feesWithdrawal Fee May apply depending on withdrawal method or expedited requestInactivity Fee Not mentionedTrading PlatformTrading PlatformSupportedAvailable DevicesSuitable for what kind of tradersWebTrader✔Web browser (desktop/mobile)Traders looking for intuitive, real-time web-based tradingMetaTrader 5 (MT5)✔Windows, macOS, Android, iOSAdvanced traders needing analytical tools and multi-asset accessMobile Trading App✔iOS, AndroidTraders who prefer on-the-go access and mobile convenienceMetaTrader 4 (MT4)❌–Not supportedDeposit and Withdrawal 24markets does not charge fixed deposit or withdrawal fees itself, but third-party processors or banks may apply charges depending on the method and location. The minimum deposit required to open an account is $100. Deposit Options Deposit OptionsMin. DepositFeesProcessing TimeBank Wire Transfer$100May vary by providerFew minutes to a few hoursCredit/Debit Cards$100May vary by providerFew minutes to a few hoursE-wallets$100May vary by providerFew minutes to a few hoursOnline Payment Methods$100May vary by providerFew minutes to a few hours
How to login to 24 markets.com?

24 markets.com Similar Brokers

Latest Reviews

Pros
Wide range of trading instruments, including forex, stocks, commodities, and cryptocurrencies.
Advanced trading platforms available, such as MetaTrader 5 and a user-friendly web platform.
Personalized training and educational resources for new traders to enhance their trading skills.
Cons
Lack of regulation raises concerns about transparency and client protection.
Mixed reviews regarding withdrawal processes, with some users reporting difficulties.
Higher spreads on entry-level accounts compared to industry standards, which may deter novice traders.

Basic Information

Registered Region
Mauritius
Operating Period
--
Company Name
P24 Capital Markets LTD
Abbreviation
24 markets.com
Company employee
--
Customer Service Email Address
support@24markets.com
Contact Number
+27101577500
Company Website
Company Address
8th Floor, Suite 803, Hennessy Tower, Pope Hennessy Street, Port Louis, Mauritius
How to login to 24 markets.com?
24markets Complete Account Guide: Registration, Account Opening, and Login Processes Navigating the world of online trading can be daunting, especially for beginners. This comprehensive guide will walk you through the essential processes for setting up your account on the 24markets platform, including the registration, account opening, and login processes. Part One: Account Registration Process How to Register a 24markets Account The first step to accessing the myriad trading opportunities offered by 24markets is to complete the registration process. Follow these detailed steps: Accessing the Registration Page: Visit the official 24markets website (https://24markets.com). Click on the "Sign Up" or "Register" button prominently displayed on the homepage. Filling in Required Information: Complete the registration form by providing your personal details, including your name, email address, phone number, and preferred password. Ensure that your password is strong and secure. Email/Phone Verification: After submitting the registration form, you will receive a verification email or SMS. Click the verification link or enter the code provided to confirm your email address or phone number. Identity Verification (if required): Depending on your region, additional identity verification may be necessary. You might be asked to upload documents like a government-issued ID or proof of residence. Registration Confirmation: Once all necessary steps are completed, you will receive a confirmation that your account has been successfully registered. Common Registration Issues and Solutions Email Not Received: If you do not see the verification email in your inbox, check your spam or junk folder. Ensure you entered your email address correctly. Verification Code Issues: If the verification code does not work, request a new one through the 24markets website. Document Rejections: Ensure that the documents uploaded are clear, legible, and meet the specified requirements. If rejected, check the guidelines and resubmit. Regional Differences in Registration While the registration process is generally uniform, certain regions may have additional requirements or restrictions due to local regulations. For instance, users from jurisdictions with stricter compliance laws may need to provide more detailed documentation. Part Two: Account Opening Process 24markets Account Opening Detailed Guide After successfully completing your 24markets registration, the next step is account opening. Its essential to understand that registration and account opening may involve different processes, particularly concerning document submission and account type selection. Preparation Work Before Account Opening Before you begin the account opening process, ensure you have the following ready: A valid form of identification (e.g., passport, drivers license). Proof of address (e.g., utility bill, bank statement). Financial information, including the source of funds. Detailed Account Opening Steps Selecting Account Type: Log into your newly created account and navigate to the account types section. 24markets offers several account types, including Discovery, Gold, Platinum, and ECN accounts, each with different features and minimum deposit requirements. Submitting Required Documents: Upload the necessary documents for identity verification and proof of address. Ensure that all documents are current and clearly visible. Account Review Process: Once submitted, your application will undergo a review process. This can take anywhere from a few hours to several business days, depending on the volume of applications. Account Activation: After approval, you will receive a notification confirming that your account is active. You may need to log in to your account to complete any additional setup. Initial Setup: Set up your trading preferences, including leverage options and risk management tools. Familiarize yourself with the trading platform. Frequently Asked Questions About Account Opening How long does the account opening process take? The process typically takes a few hours to a couple of days, depending on document verification. What happens if my documents are rejected? You will be notified of the specific reason for rejection, and you can resubmit corrected documents. Next Steps After Opening an Account Once your account is active, you can make your first deposit and start trading. Take advantage of the educational resources provided by 24markets to enhance your trading skills. Part Three: Login Guide 24markets Login Process Explained After successfully opening your account, you will need to log in to access the trading platform. Heres how to do it: Basic Web Login Process: Go to the 24markets website. Click on the "Login" button located at the top right corner. Enter your registered email address and password. Click "Submit" to access your account. If prompted, complete any two-factor authentication steps. Mobile App Login Process: Open the 24markets mobile app. Enter your email and password. Tap "Login" to access your account. Other Login Methods: Currently, 24markets does not support third-party logins or Single Sign-On (SSO) methods. Common Login Issues and Solutions Forgotten Password: Click on the "Forgot Password?" link on the login page and follow the prompts to reset your password. Account Lockout: If your account is locked due to multiple failed login attempts, contact customer support for assistance in unlocking it. Technical Issues: Ensure that your internet connection is stable. If problems persist, try clearing your browser cache or using a different browser. Special Instructions for First-Time Login: Upon your first login, you may be prompted to set up additional security measures, such as two-factor authentication. Overview of Features After Login Once logged in, you can access various features, including trading platforms, educational resources, market analysis, and customer support. Familiarize yourself with the dashboard to make the most of these tools. Additional Sections Account Security Recommendations Use a strong, unique password and change it regularly. Enable two-factor authentication for added security. Be cautious of phishing attempts. Always log in through the official website or app. Best Practices for Account Management Regularly review your account statements and trading history. Set up alerts for significant price movements or news events. Keep your personal information updated to avoid issues with withdrawals or account access. How to Get Technical Support Support Channels: 24markets offers customer support via email, phone, and live chat. Response Times: Expect a response within 24 hours for email inquiries. Phone support is typically faster. By following this guide, you will be well-equipped to navigate the registration, account opening, and login processes on 24markets. Whether you're a beginner or an experienced trader, understanding these steps will enhance your trading experience. Image Suggestions Insert a screenshot of the registration page here. Insert a screenshot of the account types available on the platform. Insert a screenshot of the login page and mobile app interface. This guide aims to provide clarity and support as you embark on your trading journey with 24markets. Happy trading!

24markets Forex Broker - Complete Information Guide

1. Overview of the Broker

24markets, officially known as Deda Capital Markets (Pty) Ltd, was established in 2017 and is headquartered in Johannesburg, South Africa. This privately held company primarily serves retail clients, offering a wide range of trading services in various financial markets. Since its inception, 24markets has focused on providing a user-friendly trading environment, catering to both novice and experienced traders.

Over the years, 24markets has achieved significant milestones, including the expansion of its trading asset portfolio to over 2,000 financial instruments, including forex pairs, CFDs, commodities, and cryptocurrencies. The company operates under the regulatory oversight of the Financial Sector Conduct Authority (FSCA) in South Africa, which enhances its credibility in the financial services industry.

The business model of 24markets is primarily retail-focused, offering services such as online forex trading, CFD trading, and educational resources for traders. This approach allows the broker to cater to a diverse client base, including individual traders looking to engage in the global financial markets.

2. Regulatory and Compliance Information

24markets is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, under license number 50640. This regulatory framework ensures that the broker adheres to strict compliance standards, providing a level of security to its clients. The FSCA's oversight covers aspects such as financial reporting, client asset management, and the segregation of client funds from the company's operational funds.

The regulatory license is valid within the jurisdiction of South Africa, and while the FSCA imposes certain operational requirements, it is noted that these regulations may not be as stringent as those enforced by other major financial authorities in Europe or the United States. Clients' funds are kept in segregated accounts, which adds an extra layer of protection against potential insolvency.

24markets implements robust KYC (Know Your Customer) and AML (Anti-Money Laundering) measures to ensure compliance with international standards. This includes verifying the identities of clients and monitoring transactions for any suspicious activity.

3. Trading Products and Services

The 24markets broker offers a diverse range of trading products, including over 45 forex currency pairs and a comprehensive selection of CFDs covering various asset classes. These include:

  • Indices: Major global indices to allow traders to speculate on market movements.
  • Commodities: Trading options for precious metals like gold and silver, as well as energy resources such as oil.
  • Stocks: Access to a wide range of global stocks, enabling traders to participate in equity markets.
  • Cryptocurrencies: Options to trade popular cryptocurrencies, including Bitcoin and Ethereum.

The broker continuously updates its product offerings, ensuring traders have access to the latest market developments and trading opportunities. Retail trading services are designed to be user-friendly, while institutional clients can also benefit from tailored solutions.

4. Trading Platforms and Technology

24markets provides its clients with access to two primary trading platforms: MetaTrader 5 (MT5) and its proprietary WebTrader.

  • MetaTrader 5: This widely recognized platform is favored for its advanced trading features, including comprehensive charting tools, technical indicators, and automated trading capabilities through Expert Advisors (EAs). MT5 is available on both desktop and mobile devices, enabling traders to execute trades and manage their accounts from anywhere.

  • WebTrader: This platform offers a straightforward interface that can be accessed directly through a web browser, making it easy for traders to log in, search for assets, and place orders without needing to download any software.

Both platforms support multiple execution modes, including ECN and Market Making, allowing for flexibility in trading strategies. The broker's servers are strategically located to ensure fast order execution and minimal slippage.

5. Account Types and Trading Conditions

24markets offers a variety of account types tailored to different trading needs and experiences. The available accounts include:

  • Discovery Account: Requires a minimum deposit of $100, with higher spreads and commissions.
  • Gold Account: Requires a minimum deposit of $10,000 and offers improved trading conditions.
  • Platinum Account: Requires a minimum deposit of $50,000.
  • Exclusive VIP Account: Requires a minimum deposit of $100,000.
  • Classic ECN Account: Requires a minimum deposit of $1,000 with competitive spreads.
  • Pro ECN Account: Requires a minimum deposit of $50,000 and provides the best trading conditions.

Leverage options range up to 1:300, allowing traders to amplify their positions. The minimum trade size is set at 0.01, and overnight fees apply depending on the asset class being traded.

The broker also offers a demo account for new traders to practice their strategies without financial risk.

6. Fund Management

24markets supports various deposit methods, including:

  • Bank Transfers
  • Credit/Debit Cards
  • Electronic Payment Solutions such as Perfect Money and AdvCash
  • Cryptocurrencies

The minimum deposit requirement varies by account type, starting at $100 for the Discovery Account. Deposits are generally processed instantly, while withdrawal processing times can range from 24 to 48 hours for e-wallets and up to several business days for bank transfers and card withdrawals.

While 24markets does not charge deposit fees, it is essential to check for any potential withdrawal fees, as these are not explicitly stated on their platform.

7. Customer Support and Educational Resources

24markets provides customer support through multiple channels, including:

  • Email
  • Phone: +27 101 577 500
  • Social Media

While the broker offers support in English, it is unclear if multilingual support is available. The service hours are not specifically indicated, which may affect clients in different time zones.

Educational resources provided by 24markets include:

  • Webinars and Tutorials
  • Market Analysis Services
  • Trading Tools: Such as calculators and economic calendars

These resources aim to enhance traders' knowledge and help them make informed decisions in the market.

8. Regional Coverage and Restrictions

24markets primarily serves clients in South Africa and has a significant presence in other regions. However, it is essential to note that the broker may not accept clients from certain countries due to regulatory restrictions. Specific prohibited countries are not explicitly listed, so potential clients are advised to check the broker's website or contact customer support for detailed information.

In conclusion, the 24markets broker presents a range of trading options and services suitable for both novice and experienced traders. While it operates under the regulatory framework of the FSCA, prospective clients should conduct thorough research and consider their trading needs before engaging with the platform.

Latest Reviews

AC141

AC141

Spain

Just look at the photo and you will understand what I mean. Be Careful!!!

Exposure

2023-08-16

Jenniee

Jenniee

United States

24markets is the real deal! Their maximum leverage is impressive, giving traders the power to make the most of their capital. And their customer service is second to none, always available and eager to help. Very satisfied with my experience so far!

Positive

2024-07-12

FX1492746351

FX1492746351

Australia

Joined 24markets recently and have mixed feelings. The platform is user-friendly with tight spreads and the customer service is responsive. However, the registration process was a bit cumbersome due to strict security measures, and I noticed they don't offer ETFs, which was a letdown.

37130

2024-06-17

Claudio942

Claudio942

Italy

Recorded by myself. I got a call to introduce myself but mostly I trade myself. Checked the license and all, very good. I have the ability to trade better. For me everything is fine. Tried to withdraw my funds, no problem that way. Great mt5 platform. Overall good experience

Positive

2023-07-04

24 markets.com Forex Broker has an overall rating of 5.37, Regulatory Index 3.60, License Index 3.60, Business Index 6.38, Software Index 8.80 Risk Control Index 8.90.
24 markets.com