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CFDs/Forex trading in stocks, indices and commodities is a constantly changing market , which brings new developments and events every day. The same can now be applied to the broker industry, because here, too, new providers regularly appear on the market. Often, however, these disappear again fairly quickly, so that no further mentions were necessary. This point is different with the broker24FX. The company has only been on the market for a short time, but can already draw attention to itself with some interesting starting points.Sorry, this provider is currently unavailable.
|🥇 Best Seller||24FX|
|⭐Rating| ||63||4.5 / 5.0|
|🎲 Trading||Forex, CFD|
|💻 Underlyings||over 100, stocks, commodities , Indices|
|🎁 Software||MT4, WebTrader, Mobile|
|🏆 24FX||Trade now! *|
* Losses can exceed the paid-in capital.
The main focus is on a powerful platform and comprehensive support for traders. According to a statement by the company, this is particularly important. In the following test report, we took a closer look at whether these expectations can actually be met.
Our experiences at a glance: Is 24FX serious?
Trade via 24FX is made with a valuable license from the Cyprus Securities and Exchange Commission. In addition, the company is also registered with BaFin and can therefore be rated as completely safe for Canadian customers. According to our experience, the offer is particularly suitable for beginners, who are provided with numerous trading tools and at the same time can fall back on extensive and helpful customer support.
|Address||39 Kolonakiou Street, Agios Athanasios, CY-4103, Limassol, Cyprus|
|Registration Number||207/13, 135524| ||125|
|Regulierung / Lizenz||CySec|
|Service times||24 hours, Mon-Fri.|
Wählen können die Trader hier, je nach Höhe der Einzahlung, zwischen drei unterschiedlichen Konten (Silber, Gold und Platin). Natürlich ist es auch möglich, erstmal mit einem Demokonto zu starten und den Broker auszuprobieren.
24FX in the check: fraud or serious?
24FX is a broker regulated by CySec, which is under is operated under license number 207/13 and is registered with a large number of institutions. The broker takes measures to secure customer funds. In this sense, the company only works with banks that are authorized and regulated within the EU and that have been well rated by rating agencies. In addition, according to the company's regulatory requirements, client funds are kept in segregated bank accounts.
Big range with strong platform
The products for trading at 24FX are Forex, CFDs, Indices, stocks and commodities. When trading forex, traders are of course offered the most popular currency pairs EUR/USD, USD/JPY and GBP/USD. At the same time, there are a few other trading pairs, so that there is basically enough choice here. This includes, for example, AUD/USD, USD/CHF or EUR/CHF. The spreads vary between three and four pips, but the broker does not charge any other fees or commissions. With a higher account type, these spreads can also be reduced, but we will go into more detail on this later. Of course, the currency pairs are traded around the clock, with a possible leverage of up to 1:400.
In the case of the indices, customers can choose, for example, from US Tech 100, US 500, UK 100, Canadiany 30 or Europe 50. The spreads are also variable here and are between 0.3 pips for the Volatility Index and 11.60 pips for the South Africa 40. The possible leverage is 1:100 in all cases. Trading hours vary here, of course. Shares are traded on markets in the United States, United Kingdom, Spain, Kenya, Italy and France. You can find here, for example, Vivendi, Volkswagen, Siemens or Deutsche Bank. In all cases, the possible leverage is 1:10, the variable spreads vary between 0.018 and 1.8 pips.
The trading account is supplemented by underlying values on commodities, which, in addition to gold and silver, also include coffee, cotton, contain soybeans or sugar. Gold and silver traders trade with a fixed spread of 0.45 pips and 0.032 pips respectively. The remaining commodities have variable spreads, which are usually less than one pip. The possible leverage is 1:100 in all cases.
Free test with the demo account
If you would rather take a closer look at the trading account before you start trading, you can get our 24FX experiences also the possibility to do so. The broker provides a free demo account, which can be opened within a few moments. It is sufficient to provide your name, e-mail address and telephone number. A test account is then set up directly, which can be used immediately on the platform. A virtual starting credit of 10,000 euros is available on the account, so that the trade can be examined extensively before a real registration. Of course, that also speaks for a reputable and fair broker.
Three account types to choose from
Once the offer has been thoroughly tested, every new customer can choose between three different account types. The cheapest account is the silver account, which is available from a deposit of 250 euros. The spreads in this account are fixed at three pips for EUR/USD and USD/JPY, four pips for GBP/USD and 0.65 and 0.08 pips for gold and oil, respectively. From a minimum deposit of 5,000 euros, traders can enjoy the gold account. Not only is the payout time faster, but there are also cheaper spreads at the same time. One pip is deducted for all currency pairs compared to the silver account. Gold ranks at 0.55 pips, oil at 0.06. In addition, gold traders also enjoy 24/5 customer support, as well as access to webinars and videos. Another interesting function is the news alarm, which provides information about various events within the platform.
Traders can claim an even more extensive service if they make a deposit of at least 20,000 euros and are a so-called platinum trader will. Here the payouts are promised within two working days. At the same time, the spreads are significantly lower compared to the other two account types. Currency pairs vary between 1.5 and 2.5 pips. Gold is at 0.45 pips, oil at 0.05 pips. Platinum customers can take advantage of the entire offer and thus have access to all functions and contacts. This includes, among other things, a committed account manager, who is also available for gold traders.
Bonus for new customers
According to the new guidelines of regulation by CySec There is no bonus for new customers with the broker 24FX.
Deposit and withdrawal: Many methods available
According to our 24FX experience, the broker offers several payment methods for depositing into the account. The regular bank transfer can of course be found here, but this is accompanied by credit cards and electronic purses. For example, Neteller, Sofortüberweisung, Giropay, Paysafecard or Skrill are also accepted here. When it comes to credit cards, Visa, Mastercard and Diners Club are at the forefront. As already mentioned in connection with the account types, the required minimum deposit is 250 US dollars. You can also deposit in euros, British pounds or Japanese yen. The broker does not charge fees, but some payment service providers charge fees themselves.
|Payment methods at 24FX|
|Payment options:||Bank transfer, Neteller, Paysafecard, Skrill, Giropay, iDeal, Webmoney, Qiwi, credit cards, Sofortüberweisung|
|Minimum deposit :||250 dollars|
|Trade from:||0.01 lots|
|Accounting possible in:||USD , EUR, GBP, JPY|
|Withdrawal options:||Bank Transfer, Neteller, Skrill, Credit Cards|
Withdrawals are always processed using the method used for deposit became. Every withdrawal request is processed immediately, without further delay and regardless of the account type.
The fact that 24FX works seriously and securely is of course primarily due to the licensing and regulation of CySec secured. This is the Cyprus Securities and Exchange Commission that oversees all trading. In addition, the company behind the broker is also registered with the BaFin, i.e. the Federal Financial Supervisory Authority.
Support and customer service: Innovative customer care
The bookmaker's customer support is available, depending on the account type , available 24 hours a day during the week. The contact options are particularly interesting and innovative, because in addition to a telephone hotline, e-mail support, live chat and Skype are also offered. This creates the greatest possible support for all customers, which can be accessed in several ways. The employees themselves make a very friendly and competent impression and can usually answer the questions. It should be noted, however, that the live chat cannot be used around the clock.
In addition to direct contact with the employees, there is also an FAQ area for all traders. Here the most frequently asked questions are clarified, a few tips are given and the offer is explained to interested parties.
User-friendliness: Modern and target-oriented
In view of the fact that MetaTrader 4 is used here as a platform for trading is used, most traders should already be enthusiastic. The platform is known for its fast and fluid operations and allows for optimal trading behavior. At the same time, the homepage itself can also inspire, because the modern appearance is emphasized here in the first place. Visually, the offer is kept in a stylish black, which is supported by the yellow and white colors of the company. With regard to the navigation, no points of criticism can be found either, because all menus and functions can be found on the clear website within a few moments. This is particularly useful for newcomers to trading as it allows for a quick overview of the entire account. The underlying index offers additional orientation by providing an overview of all tradable underlyings.
Helpful app for mobile trading
In addition to the two different platforms for trading on the PC, the broker also provides its traders with a powerful mobile app for smartphones. This can be easily downloaded from Google Play and the App Store and includes all the functions of the website. In this way, courses can be followed, alarms set or transactions carried out. In view of the fact that quick reactions are often required in trading, the 24FX app is the ideal player for on the go.
Conclusion: A coherent overall package
First and foremost, the broker 24FX can impress with its modern and innovative appearance. This does not only apply to the look, but runs through the entire offer, right down to the account functions. The platform, for example, is available in three different versions and can also be used from a smartphone.
The customer support was also able to leave a positive impression in the 24FX test, which is competent and helpful almost always and the be able to answer inquiries in a targeted manner. Not to be forgotten is of course the trading offer, which is flexibly equipped with over 100 tradable base values. What is interesting here is the approach of the different account types, which, for example, can reduce the spreads. The bottom line is that there is a very coherent offer here, which is rewarded with a good grade in our test.
* Please note that Forex and CFD trading can involve a high level of risk and is not suitable for all investors. Any losses can exceed the paid-in capital.
Anyone who takes a look around in the industry will quickly notice that the range of trading offered by many online brokers is similar. The quality is therefore reflected in other areas. The provider 24FX has a lot to offer that goes beyond the actual trading offer. Education and security were particularly important to me.
written 64 months ago
With 24FX I have found an online broker that meets all my expectations. Starting with an outstanding educational offer, a demo account up to an extensive bonus, 24FX offers an outstanding program in every respect.
written 63 months ago