24markets.com Review – A CFD broker You Should Consider In 2023?
|Headquarters||Johannesburg, South Africa|
|Support Types||Phone, email, call-back form|
|Trading Platform||WebTrader, MetaTrader 5|
|Minimum 1st Deposit||100 USD (80 USD in Nigeria)|
|Minimum Account Size||100 USD|
|Free Demo Account|
|Account Types||Discovery, Gold, Platinum, Exclusive VIP, Classic ECN, Pro ECN|
|Deposit Methods||Credit/debit cards, wire transfers|
|Withdrawal Methods||Credit/debit cards, wire transfers|
|Number of Assets||Up to 2000|
|Types of Assets||Stocks, forex, commodities, indices, crypto,futures|
|US Traders Allowed|
24markets.com is a CFD broker licensed by the Financial Sector Conduct Authority (FSCA) to provide financial services. This brand operates internationally, promising direct access to the world’s largest financial markets. Based on its claims, its main goal is to ensure the best trading experience for all clients.
That’s not easy to do, especially when dealing with a broad range of expectations from traders. However, things look promising at first glance, especially because 24markets.com is a regulated CFD broker. Let’s go ahead and scan some of their main trading features.
Speaking of asset coverage, the brand covers 2,100+ CFDs. Access to all these instruments is possible when you use their proprietary WebTrader platform. Currency pairs, stocks, indices and crypto are just some of the markets that are part of the list. You can also trade gold CFDs because the broker offers access to popular commodities.
Spreads are flexible and depend on the assets you want to trade, as well as your account type. 24markets.com does not charge any trading-related commissions. Other than spreads, swaps are another cost you should consider when holding positions open overnight.
The broker highlights its WebTrader as an optimal platform for CFD trading. It’s a solution designed in-house, providing access to account management features, advanced charting, risk management tools and other gimmicks that might help you out when trading. Another advantage when you choose this platform is asset coverage. You can trade 2,100+ CFDs with one trading account.
MetaTrader5 is a popular solution that doesn’t need any special introduction. It happens to be the second platform of choice with 24markets.com and that’s a good thing for diversification. Experienced and beginner traders choose to trade with MT5 because this is a platform that has been around for a while and has earned a solid reputation.
However, you should know that with 24markets.com, it offers access to a relatively limited number of CFDs. Based on the information shared by the broker, traders can trade 350+ instruments with MT5 and there is no coverage for crypto CFDs.
When choosing an account type with 24markets.com, you should consider deposit requirements as well as the features you want to have access to. This licensed broker operates transparently, providing a detailed comparison table on its website.
As you can see, there are 4 regular account types (Discovery, Gold, Platinum and Exclusive VIP), each with a specific number of benefits available. The minimum deposit starts at $100 for Discovery and gradually increases with the other account options.
A second batch of accounts includes ECN features. Classic and PRO offer similar trading benefits, but in this case, spreads are tighter and customers pay commissions.
The company promises competitive spreads, fast execution and other interesting resources. Daily market analysis, Trading Central, premium customer support, Events & Trade, and a dedicated account manager are some features you should take into account.
Conclusions for 24markets.com
Based on the conditions outlined by 24markets.com, trading CFDs with this broker looks advantageous. There is a broad asset index, advanced software and multiple accounts you can choose from. The fact that it’s authorized by FSCA further reinforces its reliability. We always recommend that you only work with a brand that is constantly focused on your interests – and this certainly seems to be the case with this one.Visit Broker