broker reviews
24markets.com Review – Is this a reliable CFD broker?
About the broker
24markets.com is an online brokerage promising an ethical approach to trading and optimal conditions for people choosing to join its ranks. This is a brand specialized in CFD trading on some of the most popular markets, using reliable platforms and tailored support.
Transparency in regulatory compliance is another key feature of the company, mainly because this broker is authorized by the Financial Sector Conduct Authority from South Africa. Traders from the United States or European Union can’t sign up for an account with 24markets.com, but that still leaves a large pool of potential customers available.
Markets
One of the promises made by 24markets.com is asset diversity. With that in mind, it shouldn’t be a surprise to see the broker covering 2,000 instruments. You can buy or sell these CFDs with up to 1:300 leverage and tight spreads.
The range of markets includes stocks, indices, commodities, forex and crypto. There are contracts available for traders with different risk profiles and strategies. Also, it doesn’t matter where you live, since you can find instruments that are active during working hours, so you won’t need to trade during the night.
Platforms
When it comes to trading software, 24markets.com offers you two different choices. The first one is their proprietary WebTrader, a powerful trading platform packed with free analysis tools and other benefits. Since you can trade via browser, there’s no need to install anything and you can shift from one device to another in a couple of seconds.
A second platform part of the offer is the well-known MetaTrader 5. It is a reliable solution for CFD trading, incorporating many tools. However, you need to know that with 24markets.com, only the WebTrader provides access to the full list of CFDs. When using MT5, traders can choose from 350+ assets, including FX, stocks, commodities and indices.
Accounts
Traders choosing to work with 24markets.com have enough options with regard to accounts. The broker divided the offer into two different sections. First, classic accounts include the following tiers: Discovery, Gold, Platinum and Exclusive VIP. Each one requires a specific deposit and in exchange, the list of benefits can grow larger.
Also, as more traders show interest in ECN conditions, this broker meets that demand elegantly. You can get a Classic ECN account for a minimum $1,000 deposit and on top of that, those with more capital available have the option to shift to a PRO ECN account.
While most trading benefits are the same, the main difference between classic and ECN accounts deals with costs. ECN implies tighter spreads, but there are trading commissions part of the mix.
Summary
As a whole, 24markets.com does a good job of ensuring professional trading terms for its audience. Traders can trust this is a reliable brand, because it is regulated by FSCA and very transparent. There are no hidden costs and when you analyze their offer, everything makes sense, without any headache. 24markets.com stands alongside the trusted CFD brokers and should be on your watchlist.
24markets.com Overview
Product Name: 24markets.com
Product Description: 24markets.com is an online brokerage promising an ethical approach to trading and optimal conditions for people choosing to join its ranks. This is a brand specialized in CFD trading on some of the most popular markets, using reliable platforms and tailored support.
Brand: 24markets.com
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Trading Platform
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Assets
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Accounts
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Customer Satisfaction
Summary
As a whole, 24markets.com does a good job of ensuring professional trading terms for its audience. Traders can trust this is a reliable brand, because it is regulated by FSCA and very transparent. There are no hidden costs and when you analyze their offer, everything makes sense, without any headache.
