24K Markets Broker Review

24K Markets 2025 Review: Everything You Need to Know

　　Summary: 24K Markets is a relatively new forex broker that has garnered mixed reviews. While it offers a low minimum deposit and a variety of trading instruments, concerns about its regulatory status and customer service persist. Users have reported difficulties with withdrawals and a lack of transparency regarding the company's background.

　　Note: It is important to consider that 24K Markets operates under different entities in various regions, which may affect its regulatory compliance and user experience.

Ratings Overview

　　We rate brokers based on a combination of user feedback, expert opinions, and factual data regarding their services.

Broker Overview

　　Founded in 2023, 24K Markets is operated by 24K Markets Ltd, registered in Saint Lucia. The broker offers a user-friendly trading platform known as Trade Locker, which supports various asset classes, including forex, stocks, commodities, indices, and cryptocurrencies. Despite its offerings, the broker lacks regulation from any recognized financial authority, raising concerns about its trustworthiness.

Detailed Breakdown

• 　　Regulated Geographic Areas: 24K Markets is not regulated by any recognized financial authority, which poses significant risks for traders. This lack of oversight means that the broker does not have to adhere to industry standards that protect clients.

• 　　Deposit/Withdrawal Currencies/Cryptocurrencies: The broker accepts deposits in several cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and others, with a minimum deposit of $10 for most methods and $50 for Bitcoin via Instacoins. However, withdrawals are limited to Bitcoin, with a minimum withdrawal amount set at $100.

• 　　Minimum Deposit: The minimum deposit required to open an account is $10, which is relatively low compared to many other brokers.

• 　　Bonuses/Promotions: Currently, 24K Markets does not offer any bonuses or promotional incentives for new or existing traders.

• 　　Tradable Asset Classes: Traders can access a wide range of assets, including over 55 forex pairs, 38 cryptocurrencies, and various commodities and indices.

• 　　Costs (Spreads, Fees, Commissions): The broker's commission fees vary by asset class. For example, the commission fee for standard forex is $7 per lot, while cryptocurrency trading incurs a fee of $10 per lot. There are no withdrawal fees from the broker's side, but users may incur fees from their respective wallets.

• 　　Leverage: 24K Markets offers leverage of up to 1:500, which can amplify both potential profits and losses.

• 　　Allowed Trading Platforms: The primary trading platform available is Trade Locker, which is web-based and does not require a separate download. There is no dedicated mobile app, but the platform is accessible via mobile browsers.

• 　　Restricted Regions: The broker does not accept clients from several countries, including the USA, Japan, and North Korea, among others.

• 　　Available Customer Service Languages: Customer support is available in English, primarily through email and support tickets.

  　　

Ratings Revisited

Detailed Breakdown of Ratings

• 　　Account Conditions (6/10): 24K Markets provides a variety of accounts, including standard, pro, variable, and mini accounts, catering to different trading preferences. The low barrier to entry with a minimum deposit of $10 is appealing, especially for new traders. However, the absence of a regulated environment diminishes the overall confidence in these account offerings.

• 　　Tools and Resources (4/10): The broker lacks comprehensive educational resources and tools to assist beginners. While the Trade Locker platform is straightforward, the absence of tutorials or training materials can be a drawback for those new to trading.

• 　　Customer Service and Support (5/10): Customer support is available 24/7, but reports suggest that response times can be slow and unhelpful. Users have expressed frustration over unresolved issues, particularly regarding withdrawals.

• 　　Trading Setup (6/10): The platform offers a user-friendly interface with essential trading features. However, it lacks advanced tools and analytics that more experienced traders might expect from a broker.

• 　　Trustworthiness (3/10): The lack of regulation is a significant red flag. Users have reported difficulties with withdrawals and raised concerns about the broker's legitimacy. The low trust ratings on platforms like ScamAdviser further exacerbate these concerns.

• 　　User Experience (5/10): Overall user experience is mixed. While some traders appreciate the low minimum deposit and range of assets, many have reported negative experiences, particularly related to customer service and withdrawal processes.

　　In conclusion, while 24K Markets may offer attractive features such as low minimum deposits and a variety of tradable assets, the lack of regulation and mixed user reviews suggest that potential traders should proceed with caution. Conducting thorough research and considering alternative, more established brokers may be prudent for those seeking a secure trading environment.