Forex24 Global Forex Broker

Forex24 Global Broker - Complete Information Guide

1. Broker Overview

　　Forex24 Global is a forex and CFD brokerage firm established in 2019. The company operates under the full name Forex24 Global Ltd, and its headquarters are located in Cyprus. As a privately owned entity, Forex24 Global offers its services primarily to retail traders and institutional clients, aiming to provide a comprehensive trading experience in the global financial markets.

　　Since its inception, Forex24 Global has made significant strides in the trading industry, focusing on delivering a user-friendly platform and a wide array of financial instruments. The company has positioned itself as a competitive player in the forex market, catering to the needs of over 4 million clients worldwide. Forex24 Global operates under the brand of Lydya Financial Ltd, which is regulated by the Cyprus Securities and Exchange Commission (CySEC) and holds multiple licenses across various jurisdictions.

　　The business model of Forex24 Global encompasses retail forex trading, offering various account types and trading conditions that appeal to both novice and experienced traders. The broker aims to facilitate seamless trading experiences through advanced technology and robust customer support, making it a noteworthy choice for those looking to engage in forex trading.

2. Regulation and Compliance Information

　　Forex24 Global is regulated by several prominent financial authorities, including:

• Cyprus Securities and Exchange Commission (CySEC) - License Number: 300/16
• Financial Conduct Authority (FCA), UK - Registration Number: 782501
• Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), Germany - License Number: 1349943
• Comisión Nacional del Mercado de Valores (CNMV), Spain - License Number: 4373
• Commissione Nazionale per le Società e la Borsa (Consob), Italy - License Number: 4624

　　The regulatory licenses held by Forex24 Global are valid for providing investment services across the European Economic Area (EEA). The broker adheres to strict compliance with the Markets in Financial Instruments Directive (MiFID), which ensures transparency and protects the interests of traders.

　　Forex24 Global implements a client funds segregation policy, which means that client funds are kept in separate accounts from the broker's operational funds. This practice enhances the security of clients' investments. Additionally, Forex24 Global is a member of the Investor Compensation Fund (ICF), which provides compensation to eligible clients in case the broker is unable to meet its financial obligations.

　　The broker follows stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) policies to ensure compliance with international financial regulations, thereby safeguarding clients against fraudulent activities.

3. Trading Products and Services

　　Forex24 Global offers a diverse range of trading products and services, including:

• Forex Trading: The broker provides access to over 60 currency pairs, including major, minor, and exotic pairs.
• CFDs: Clients can trade Contracts for Difference (CFDs) across various asset classes, including indices, commodities, stocks, and cryptocurrencies.
• Special Products: Forex24 Global also offers unique trading opportunities, such as precious metals like gold and silver, along with energy commodities like oil.

　　The broker continually updates its product offerings to meet market demands, ensuring traders have access to the latest financial instruments. Forex24 Global focuses on providing retail trading services, catering to individual traders, while also offering institutional clients tailored solutions to meet their specific trading needs.

　　The company does not currently provide white-label solutions or asset management services, focusing primarily on direct trading for its clients.

4. Trading Platforms and Technology

　　Forex24 Global supports the widely recognized MetaTrader 4 (MT4) trading platform, which is available for desktop, mobile, and web trading. MT4 is known for its user-friendly interface, advanced charting tools, and automated trading capabilities through Expert Advisors (EAs).

　　In addition to MT4, Forex24 Global offers a proprietary web-based trading platform that provides clients with direct access to the financial markets. This platform is designed to deliver a seamless trading experience, with real-time market data and analytical tools.

　　The broker ensures that its trading infrastructure is robust, with servers located in key financial hubs to facilitate fast order execution. Forex24 Global employs an ECN execution model, allowing for direct market access and competitive spreads.

　　Furthermore, the broker provides API access for traders interested in automated trading solutions, enabling them to integrate their own trading algorithms and strategies.

5. Account Types and Trading Conditions

　　Forex24 Global offers several account types to cater to different trading preferences and experience levels:

• Mini Bronze Account: Minimum deposit of $250, maximum leverage of 1:500, with a spread of 0.0029%.
• Classic Silver Account: Requires a minimum deposit of $500, maximum leverage of 1:500, with a spread of 0.0025%.
• Pro Gold Account: Minimum deposit of $1000, maximum leverage of 1:500, with a spread of 0.0020%.

　　The broker allows for a minimum trade size of 0.01 lots across all account types. Forex24 Global also provides a demo account for traders to practice their strategies without financial risk.

　　Leverage varies based on the account type and trading instruments, with a maximum leverage of up to 1:500 for forex pairs. Overnight fees (swaps) apply to positions held beyond trading hours, and these fees are clearly outlined in the trading conditions.

6. Fund Management

　　Forex24 Global supports various funding methods to facilitate deposits and withdrawals, including:

• Deposit Methods: Bank transfer, credit/debit cards, and electronic wallets such as Skrill.
• Minimum Deposit Requirements: Varies by account type, with a minimum of $250 for the Mini Bronze account and $1000 for the Pro Gold account.
• Deposit Processing Time: Typically processed within 1-3 business days.
• Deposit Fees: Forex24 Global does not charge any fees for deposits.

　　For withdrawals, the broker provides multiple options, but specific restrictions may apply based on the chosen method. Withdrawal processing times are generally 1-3 business days, and fees may vary depending on the withdrawal method selected.

7. Customer Support and Educational Resources

　　Forex24 Global offers comprehensive customer support through various channels:

• Support Channels: Email, phone, live chat, and social media platforms.
• Service Hours: Customer support is available during regular business hours, covering multiple time zones.
• Multi-Language Support: The broker supports several languages, including English and Russian.

　　In addition to customer support, Forex24 Global provides a range of educational resources to assist traders in improving their skills. These resources include webinars, tutorials, and e-books, covering various trading topics and strategies.

　　Market analysis services are also available, offering daily updates, news, and research reports to keep traders informed about market trends. Additionally, Forex24 Global provides trading tools such as calculators, economic calendars, and signal services to enhance the trading experience.

8. Regional Coverage and Restrictions

　　Forex24 Global primarily serves clients in Europe and other regions, with a focus on providing services to countries within the European Economic Area (EEA). The broker has regional offices in Cyprus and other European countries, ensuring local support for its clients.

　　However, Forex24 Global does not accept clients from certain jurisdictions, including:

• The United States
• Canada
• Japan
• North Korea
• Iran
• Belgium

　　These restrictions are in place to comply with local regulations and ensure compliance with international financial laws. Forex24 Global continuously monitors its service offerings to adapt to changing regulatory landscapes and client needs.

　　In conclusion, Forex24 Global stands out as a regulated and reputable broker, offering a variety of trading products and services tailored to both retail and institutional clients. With robust regulatory oversight, a user-friendly trading platform, and comprehensive customer support, Forex24 Global is well-positioned to meet the demands of the modern trading environment.