24FX Reviews and User Ratings

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24FX General Information


Broker Name
24FX
Established
2013
Country
Cyprus
Min Deposit
$250
Max Leverage
1:400
Regulation
FCA, CySEC, MiFID
Email
support@24fx.com
Telephone
+357-252-62208
Fax
-
Website Language
English, French, Russian, Arabic, German, Italian
Support Methods
Email
Telephone
Live Chat
Skype
24/7 Support
Deposit Options
Credit Cards, Debit Cards, Wire Transfer, Qiwi, WebMoney, Skrill, Neteller, CashU, Sofort
Withdraw Options
Credit Cards, Debit Cards, Wire Transfer, Qiwi, WebMoney, Skrill, Neteller, CashU, Sofort

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Description


24FX Background

Started in 2013, 24FX is one of the trading names of Rodeler Limited, a Cyprus based company founded in 2010. They are fully regulated by CySec and MiFID and offer clients trading in a broad range of areas, including forex, commodities, indices, stocks and more. The company states that their goal is to give to their clients the highest standards of customer support. 24FX uses the MetaTrader 4 platform as well as a web trader and a mobile platform. A free demo account is available. They do not provide any promotions or bonuses, but they do offer trailing stops, guaranteed stop loss, guaranteed fills, expert advisors, and automated trading and one-click execution. 24FX allows multiple trading strategies, including scalping, intraday trading, hedging, and long-term trading. Accounts can be started with a minimum deposit of $250. As far as education goes, 24FX offers a large amount of services for their clients. Newcomers will appreciate their free trading education center for novices, their automated trading strategies, standard trading strategies, and online trading community forums. More seasoned traders will find more help with the daily market reviews, economic calendars, technical and fundamental analysis, market commentary, and exclusive live news.

Features of 24FX

24FX offers multi-lingual customer support via phone, email, contact form, and Live Chat. They state that they want to provide the best customer service. Since the broker has only been operational since 2013, reviews on customer support were limited.

Conclusion

Overall, 24FX is a good broker with high quality educational services that would work well for any trader. Expect to see positive strides from them in the future.

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Features and Trading Instruments


Features
Hedging
Scalping
Margin Interest Rate
Trailing Stop
Web Based Trading
Pending Orders
One Click Execution
Mobile Trading
US Traders
Automated Trading
Islamic Account
Swaps
Segregated account
Affiliate Program
Trading Contest
PAMM
Trading Instruments
Oil
Gold
Metal
Indices
ETFs
CFDs
Stocks
Commodities
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Pros and Cons


PROS:
  • This broker may be new to the game, but they provide an impressive amount of features and educational resources for clients.
  • The MT4 platform is user friendly and expert advisors are on hand to offer help and support.
CONS:
  • 24FX’s biggest downfalls are their slightly less than competitive spreads and their lack of ability to accept US traders.
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Account Type


  • Minimum Account Size: $250
  • Spread: Medium/ Fixed
  • Trading Instruments: Forex, Gold & Silver, CFDs, Oil, Stocks, Indices, Metals, Commodities
  • Trading Platforms: MT4, Web Trader, Iphone & Ipad App, Android App

  • Minimum Account Size: $5000
  • Spread: Medium/ Fixed
  • Trading Instruments: Forex, Gold & Silver, CFDs, Oil, Stocks, Indices, Metals, Commodities
  • Trading Platforms: MT4, Web Trader, Iphone & Ipad App, Android App

  • Minimum Account Size: $20000
  • Spread: Medium/ Fixed
  • Trading Instruments: Forex, Gold & Silver, CFDs, Oil, Stocks, Indices, Metals, Commodities
  • Trading Platforms: MT4, Web Trader, Iphone & Ipad App, Android App

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24FX Review Score


24FX Reviews and User Ratings
7.4 Total Score
5 reviews
Add your review
Web Design
7.6
Reliability
7.8
Platform
7.4
Customer Support
7.6
Withdrawal
6.8
Broker Name
24FX
Established
2013
Country
Cyprus
Min Deposit
$250
Max Leverage
1:400
Regulation
FCA, CySEC, MiFID
Email
support@24fx.com
Telephone
+357-252-62208
Fax
-
Website Language
English, French, Russian, Arabic, German, Italian
Support Methods
Email
Telephone
Live Chat
Skype
24/7 Support
Deposit Options
Credit Cards, Debit Cards, Wire Transfer, Qiwi, WebMoney, Skrill, Neteller, CashU, Sofort
Withdraw Options
Credit Cards, Debit Cards, Wire Transfer, Qiwi, WebMoney, Skrill, Neteller, CashU, Sofort
Features
Hedging
Scalping
Margin Interest Rate
Trailing Stop
Web Based Trading
Pending Orders
One Click Execution
Mobile Trading
US Traders
Automated Trading
Islamic Account
Swaps
Segregated account
Affiliate Program
Trading Contest
PAMM
Trading Instruments
Oil
Gold
Metal
Indices
ETFs
CFDs
Stocks
Commodities
24FX Reviews and User Ratings
7.4 Total Score
5 reviews
Add your review
Web Design
7.6
Reliability
7.8
Platform
7.4
Customer Support
7.6
Withdrawal
6.8

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5 Comments
Show all Most Helpful Highest Rating Lowest Rating Add your review
  1. Reply
    Calvin Legaspi
    May 16, 2016 at 1:49 am
    4.1
    Web Design
    80
    Reliability
    90
    Platform
    80
    Customer Support
    80
    Withdrawal
    80

    The 24fx brand is a misnomer since the broker really deals in the whole gamut of individual stocks, indices, commodities, and the ever-popular crude oil and precious metals (in CFD’s). For the most part, the last three trades are futures trades, involving selling short or buying long. There is no thought to actually taking receipt of the crude, gold, silver or platinum ingots in future.

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  2. Reply
    GrandMasterSpassky
    May 1, 2016 at 7:30 am
    4.2
    Web Design
    90
    Reliability
    80
    Platform
    80
    Customer Support
    90
    Withdrawal
    80

    Other inducements have to do with: a generous 1:400 leverage, minimum trade size of 0.01 lots, speedy executions and withdrawals and a dedicated account manager. Three account types exist – Silver, Gold and Platinum – with corresponding minimum deposit amounts of $250, $5,000 and $20,000. Plainly, 24fx is not for the pedestrian walk-in trader.

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  3. Reply
    Lilith Atienza
    February 17, 2016 at 12:39 pm
    1.6
    Web Design
    40
    Reliability
    30
    Platform
    30
    Customer Support
    40
    Withdrawal
    20

    24Fx is one of the very few brokers that fail to announce the fact they have set cookies on one’s browser. Take the risk on your own, they seem to say. The broker seems to think any visitor to the site will be overwhelmed by the offer of a $10,000 bonus.

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  4. Reply
    DraxTheTradeDestroyer
    October 9, 2014 at 10:00 am
    4.3
    Web Design
    80
    Reliability
    100
    Platform
    90
    Customer Support
    80
    Withdrawal
    80

    24Fx is the business name for Rodeler Limited (HE. 312820), a financial services company registered in Cyprus and authorized and regulated by the Cyprus Securities Exchange Commission under license number 207/13. Rodeler limited is located at Frema Plaza, 1st floor, 39 Klonakiou Street, AyiosAthanasios, Limassol Cy-4103. As a latecomer to the EU, 24Fx is authorized to transact anywhere in the EU but without the regulatory agencies such as prevail in the UK. Which is paradoxical since the company is really domiciled in London.

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  5. Reply
    Petrosian07
    June 19, 2014 at 5:50 am
    4.4
    Web Design
    90
    Reliability
    90
    Platform
    90
    Customer Support
    90
    Withdrawal
    80

    There is a considerable amount of varied tutorials – in the form of the basics of trading forex, a downloadable ForexEbook, assorted tutorials (including one on the MT4 trading GUI), a lesson on trading strategies, leverage, technical and fundamental analyses, and more calculators than a mathematician can handle. Evidently, 24fx want to impress the novice trader that he has more than enough to get going and open a trading account.

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