24FX Broker Review - good to trade with or scam?
24FX broker is down.
24FX no longer supports CFD trading.
General Features, Location and Regulation
Meet 24FX broker, a recently launched new trading platform from 24Options binary broker. 24FX offers forex brokerage services, operating under Rodeler Ltd company and regulated by CYSEC authority. Being a new forex broker isn’t easy and raises questions about reputation, however since the broker belongs to the same company running 24Options, the broker shows a very promising potential.
24FX Trading Platforms
During our 24FX review, we have tested 3 available platforms and here is the summary:
MetaTrader 4 is the most popular platforms today with powerful charting and analysis capability with immediate order execution and no requotes, for traders of any background and experience.
The platform offers outstanding selection of charting tools and powerful indicators with accurate and fast Expert Advisors for automated trading environment.
MetaTrader 4 is known for its simplicity and intuitive interface. There are multiple ways to open and close trades, one of which is directly from the charts.
24FX review of its Webtrader has revealed a web-based trading platform with full access to currency markets from any internet-supported computers, anywhere in the world.
The platform offers live analysis and charts with detailed statistics about open and closed positions in easy and visual nature. It is possible to switch to multiple time frames.
Sirix Webtrader allows you to have an access to social trading with live trades and updates of other traders of 24FX.
There is also something called Trading Cubes, which speeds up trading by showing the assets, lots sizes and prices you wish to see. The traders can view their preferred assets with just one glance and, therefore, make trading decisions much faster.
Visual Traders of this web-based platform gives a visual interpretation of the market conditions and trends.
Last but not least, with 24FX you can trade via your mobile devices such as smartphones, Tablets and iPad. The mobile platform is designed to work on all well-known devices, bringing sophisticated features and user-friendly app directly to the palm of your hands.
We have reviewed all together the selection of 3 account types at 24FX. Here are your choices:
- Silver Trading Account (Minimum Deposit $250)
- Gold Trading Account (Minimum Deposit $5000)
- Platinum Trading Account (Minimum Deposit $20,000)
Spreads and Fees
Spreads depend on the account type you choose and overall starts from as low as 3 pips. You can see the complete list of assets and spreads on 24FX’s website.
Withdrawals and deposits are processed via Wire Transfer, Credit Cards, Skrill and Neteller. The minimum deposit requirement is $250.
24FX offers around the clock support, all through the week including weekends. You can receive an assistance via phone, live chat, email and contact form.