R24 Capital Group Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $100
- MetaTrader4
- 2021
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $100
- MetaTrader4
- 2021
Our Evaluation of R24 Capital Group
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
R24 Capital Group is a high-risk broker with the TU Overall Score of 2.79 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by R24 Capital Group clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. R24 Capital Group ranks 333 among 413 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
R24 Capital Group offers quite a lot of different asset types and provides for increasing profit potential due to high leverage. The trading platform is one of the top ones. There are options for additional income. On the website, there are news and current analytics, as well as typical tools like an economic calendar. All this significantly increases the comfort of work on the site. Unfortunately, this broker does not offer educational materials. Like most of its competitors, R24 Capital Group has certain regional restrictions. This company is officially registered but is not regulated.
Brief Look at R24 Capital Group
R24 Capital Group offers trading currency pairs, CFDs on indices, energies, precious metals, and cryptocurrencies. There is a free demo account and four live account types. Spreads start at 0 pips and there is either no fee or a $7 fee per lot on the ECN account with a raw spread. The maximum leverage is 1:1000. The minimum deposit depends on the account type, and it is $100 for STP. Traders work through MetaTrader 4 (MT4). This broker does not set limits, thus scalping, hedging, trading news, and using advisors are allowed. Deposit and withdrawal methods are bank transfers and bank cards, other methods depend on the region. This broker does not charge a withdrawal fee. Among the possibilities of alternative income are the IB (Introducing Broker) partnership and MAM accounts. There are, newsfeeds, a Trading Center, an economic calendar, and analytics.
- Free demo account. Also, to open a live account, a deposit of only $100 is required;
- Dozens of assets from five different groups. Leverage is up to 1:1000;
- No trading fees on most accounts, spreads are market average or more profitable, subject to the account;
- This broker provides market execution of orders and high liquidity with no restrictions;
- Traders work on MetaTrader 4, which can be customized;
- This broker provides current analytics and trading signals;
- Technical support is available 24/7 via call center, email, and live chat.
- No copy trading service;
- Regional restrictions. For example, this broker does not provide its services to traders from China;
- This company is registered in Hong Kong, Dubai, and the U.S., but is not licensed by any regulator.
TU Expert Advice
Financial expert and analyst at Traders Union
The R24 Capital Group trademark is owned by an American company from Delaware. This company is also registered in Dubai, the United Arab Emirates, Hong Kong, and the People's Republic of China. It is curious that this broker does not work with residents of China. There are other regional restrictions, but most brokers have them.
This company has no international regulation. However, it has headquarters in several countries. This broker has been operating for a long time and is constantly developing (adding new assets and partnership options). There were no confirmed facts of non-fulfillment by this company of its obligations to its clients.
Trading conditions are standard for most points. The main trading costs depend on the account type. For example, on STP, spreads are from 1.8 pips, but there is no fee. Whereas on ECN, the raw spread is from 0 pips but the fee is $7 per lot. Most of the top brokers have similar spreads and trading fees. Note that R24 Capital Group does not charge withdrawal fees, although many of its competitors do. By the way, you can deposit and withdraw money by bank transfer or bank card. Some electronic systems, such as UnionPay, may also be available, but this depends on the region.
This broker offers such alternative income options as joint MAM accounts and participation in the IB partnership program. IB is different from the usual referral program, but the essence is the same, as it is necessary to invite new clients to the site to receive financial rewards. There is no copy trading, investments in dividend stocks, or cryptocurrency staking.
The conceptual advantage of R24 Capital Group is its technical support, which works 24/7. In general, client services are equally highly appreciated by both users and experts. This broker has great coverage and thousands of clients worldwide, which clearly indicates attractive trading conditions. Accordingly, TU can recommend this company for review.
R24 Capital Group Summary
| 💻 Trading platform: | МetaТrader 4 |
|---|---|
| 📊 Accounts: | Demo, STP, VIP, ECN, and Partner |
| 💰 Account currency: | USD |
| 💵 Replenishment / Withdrawal: | Bank cards, bank transfers, and electronic payment systems |
| 🚀 Minimum deposit: | $100 |
| ⚖️ Leverage: | Up to 1:1000 |
| 💼 PAMM-accounts: | Yes |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: | From 0 pips |
| 🔧 Instruments: | Currency pairs, CFDs on indices, energies, precious metals, and cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market |
| ⭐ Trading features: |
Free demo account; Four live account types; Relatively low entry threshold; Many assets from different groups; Low trading costs; High leverage; No trading restrictions. |
| 🎁 Contests and bonuses: | Yes |
Most brokers that offer several account types have different minimum deposits for each of them. R24 Capital Group fully supports this trend. Thus, for STP and Partner accounts, a minimum deposit of $100 is required; for VIP, it is from $3,000; and for ECN, it is $8,000 or more. Trading leverage does not depend on the account type, but only on the asset type. The highest leverage available for currency pairs is 1:1000. Technical support of this company works 24/7 and can be reached by phone, email, and live chat.
R24 Capital Group Key Parameters Evaluation
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Trading Account Opening
To start working with this broker, register on its website and get a user account. Next, verify, open a live account, deposit funds, and download and install a trading platform. TU experts have prepared a the below step-by-step guide to registration and features of the user account.
In the upper right corner of this broker's website, select the interface language and click the “Join Now” button.
Enter your name, email, and create a password. Click the “Get Code” button to receive a captcha for verification. Enter it in the corresponding line. Note that the captcha is only valid for 30 minutes. Click the “Register” button.
Go to the Account Management menu. Click the “Open Account” button and choose live or demo account type.
Provide your residency and phone number and click the “Next” button.
Enter your bank details and provide scans of the bank card which you will use to deposit funds.
Specify the documents proving your identity. Upload scans/photos of your documents and click the “Submit” button. Check the details and click the “Submit again” button.
Click the “Open Trading Account” button. Select the server and account type, and click the “Open Account” button again. If verification is completed, you will receive a new account.
Go to the “Personal Review” block and then to the “User Review” block. Select the “Bank Information” tab and click the “Add Bank” button. Provide the required information by following the on-screen instructions and make a deposit.
Return to this broker's website and go to the “Trading & Products” section. Click the “Download MT4” button. Get the distribution kit of the appropriate version and install it on your device. Launch the platform, enter registration data, and start trading.
Features of the user account:
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Opening and closing a live or demo account;
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Basic account information and detailed data;
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Deposits and withdrawals;
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List of notifications;
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Editing personal data and changing security settings.
Regulation and safety
The lack of official registration immediately points at a scammer. After all, registration confirms legal activities of a broker. Ideally, a large company should have several headquarters in different countries and several registrations accordingly. Regulation is also an advantage and potentially guarantees the transparency of a broker. However, regulation is a voluntary process and not mandatory in some jurisdictions for a company engaged in financial projects. R24 Capital Group Inc is registered in the U.S., UAE, and China, but it is not regulated. However, this company has been on the market for a long time and is trusted.
Advantages
- This broker is officially registered in 3 countries
Disadvantages
- No regulation
- Non-residents of the U.S., UAE, and China can’t get help from local financial authorities
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| STP | $18, no fee | No |
| VIP | $10, no fee | No |
| ECN | 0 pips plus a $7 fee per lot | No |
| Partner | $2.3, no fee | No |
The third item in the list of the trader’s main costs is the withdrawal fee. Many brokers charge it, and usually it is 1-2%, depending on the withdrawal channel. R24 Capital Group provides for withdrawing profits to bank accounts and bank cards, as well as using various electronic systems like UnionPay with no fees. The withdrawal channel and the amount do not matter. But keep in mind that a third party involved in the withdrawal process, for example, a bank, may have a fee. The comparative table below shows data on the average trading fee for R24 Capital Group and two more brokers. This will help you understand how profitable it is to work with this broker.
| Broker | Average commission | Level |
|---|---|---|
|
$9.32 | |
|
$1 | |
|
$8.5 |
Account types
First, traders need to decide on the account type. With R24 Capital Group, the accounts differ in the minimum deposit, spreads, and trading fees. STP is a universal account that has a moderate spread and no trading fee. The Partner account has approximately the same conditions, but spread is slightly higher. On VIP, the spread is lower, and there is no fee. The lowest spread is on the ECN account, however, there is a fee of $7 per lot. Moreover, to open ECN, a minimum deposit of $8,000 is required; while for VIP, a minimum of $3,000 is necessary; and for STP and Partner accounts, it is necessary to deposit only $100.
Thus, a trader needs to focus on the available capital and trading fees as priorities, because there is no difference between accounts in terms of asset pool, leverage, and other parameters. R24 Capital Group provides for working only through MetaTrader 4. Also, traders need to pay attention to deposit and withdrawal options that are available in their regions. You can always deposit and withdraw funds using bank accounts and bank cards.
Account types:
If a trader has never worked with this broker, it is reasonable to open a demo account, which does not require a deposit. The demo allows you to learn this company and at the same time test your trading strategies without financial risks. After that, if the conditions of this broker suit you, you can choose a live account and start executing full-fledged trades.
Deposit and Withdrawal
Traders can earn and withdraw profits subject to successful trading on a live account;
Withdrawal of funds is carried out at any time in the user account on this broker's website;
The main withdrawal channels are bank accounts and bank cards. Available electronic money transfer systems vary by region;
This broker does not charge a fee, regardless of the chosen channel, but a conversion fee may apply;
Also, the fee is sometimes withheld by another party involved in the withdrawal process, such as a bank or electronic payment system.
Investment Options
Since traders come to brokers to trade manually, most brokers focus on direct trading. However, if users see an opportunity for additional income, they may be interested in it. Today, brokers that offer alternative income options focus on three areas, such as copy trading, joint accounts, and partnership programs of various types. R24 Capital Group has two options out of the three listed.
MAM accounts
This option means that managers have several sub-accounts, which may belong to them or their investors. Managers make bets by using capital of all managed accounts. The nuance is that investors can limit the use of their funds. For example, a manager takes $500 from own account and $200 from an investor’s account. If the trade is successful, everyone receives a profit according to the invested amount. Managers also receive fees from their investors. Investors themselves get 100% passive profit.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
IB partnership
This broker's client can register as a partner. For this, it is necessary to submit an application. There is also a separate portal for partners. This broker provides its partners with marketing materials and ready-made mechanisms for attracting new users to the site. The best option is when partners have their own promoted blog or website on the topic of trading, or they communicate a lot on the internet on specialized resources. Then it will be quite easy for them to ensure the influx of traders to the site. When attracted users start trading, they bring profit to the broker’s partner who invited them in the form of money bonuses and trading discounts. Partnering with this broker can be extremely profitable.
Customer support
Technical support is aimed at helping traders who face a difficult situation. Many users miss something or have questions. In such a situation, clients hurry to contact support to get a competent and prompt answer. And if managers react slowly or do not solve the problem at all, traders may become disappointed and go to a competitor. However, it is very unlikely with R24 Capital Group, as this broker has excellent client service. It can be reached 24/7 by phone, email, or live chat. Efficiency and the quality of responses are rated highly.
Advantages
- Non-clients of this broker can contact technical support
- Several communication channels are available
- Managers are available 24/7
Disadvantages
- Support is available in only a few major languages
Whether you are this broker’s client or just intend to become one, contact support any time in the event of a dispute. The following communication channels are available:
telephone (UAE);
telephone (Hong Kong);
email;
live chat on the website and in the user account.
This broker has its profiles on Facebook, Twitter, and VKontakte, where it is also possible to contact its managers. Subscribe to any of the social profiles to not miss important news of this company.
Contacts
| Foundation date | 2021 |
|---|---|
| Registration address |
Flat A222, 3/F, Phase 2, Hang Fung Industrial Building, 2G Hok Yuen Street, Hung Hom, Kowloon, Hong Kong O307A-Deira Tower, Al Rega P.O.Box 1451, Dubai, United Arab Emirates |
| Official site | https://www.r24capital.com/ |
| Contacts |
+97145913315, +852 59320907
|
Education
Regular practice is important for traders; however, theory is just as important. After all, the market is constantly changing and some methods become ineffective, while others come to the fore. Experienced market participants constantly communicate with their colleagues, attend seminars and webinars, and read specialized literature. Sometimes people who do not know anything about trading and who urgently need at least primary knowledge at the start come to brokers. In this regard, some sites provide their clients with training materials, and sometimes even full-fledged educational courses. However, R24 Capital Group is not one of those companies. The website has basic FAQs and some tips on the basics of trading. The main source of information for this broker's clients is the Trading Center with newsfeeds. However, it does not provide educational materials.
In other words, R24 Capital Group does not train traders. TU cannot call this a conceptual disadvantage of this broker, because most users come here to trade, not to learn.
Comparison of R24 Capital Group with other Brokers
| R24 Capital Group | RoboForex | Pocket Option | Exness | Deriv | 4XC | |
| Trading platform |
MetaTrader4 | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | Deriv bot, Deriv MT5, Derivix, Deriv Trader, SmartTrader | MT5, MT4, WebTrader |
| Min deposit | $100 | $10 | $5 | $10 | $5 | $50 |
| Leverage |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:500 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | 1.00% | No |
| Spread | From 0 points | From 0 points | From 1.2 point | From 1 point | From 0 points | From 0 points |
| Level of margin call / stop out |
No | 60% / 40% | 30% / 50% | No / 60% | 100% / 50% | 100% / 50% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | $50 |
| Cent accounts | No | Yes | No | No | No | No |
Detailed review of R24 Capital Group
R24 Capital Group Ltd is a large Fintech conglomerate that implements a wide range of projects. It provides brokerage services, issues bank cards, and is an international currency exchange. At the moment, the partners of this company are 125 shopping centers from 31 regions worldwide. This brokerage company implements an advanced technological stack, including virtual servers and direct data transfer protocols. The platform is constantly being upgraded, which provides traders with better functions and the highest speed of order execution. Moreover, this broker develops infrastructure systems such as a Partner portal and technical support. Its support is recognized as one of the best in the segment, available at any time, and distinguished by managers’ qualifications. This broker also offers many useful integrated services, including transaction analysis, an economic calendar, and a multiplatform.
R24 Capital Group by the numbers:
Minimum deposit is $100;
Raw spread (on the ECN account) is from 0 pips;
Maximum leverage is 1:1000;
4 live account types plus a demo account;
Technical support is available 24/7.
R24 Capital Group is a broker for comfortable trading
This broker's clients can trade currency pairs, as well as CFDs on indices, energies, precious metals, and cryptocurrencies. The variety of assets is important, as it provides for wider strategic opportunities for traders. Moreover, different types of trading instruments allow traders to diversify risks through a well-composed investment portfolio. Another important advantage of working with R24 Capital Group is the opportunity to trade through MetaTrader 4. The platform is simple and easy to use, and most importantly, it is perfectly customizable due to free plug-ins. Moreover, every 2 hours this broker provides signals that come directly to the platform. MT has desktop and mobile versions, so users can work from any device and in any conditions, subject to a stable internet connection.
Useful services offered by R24 Capital Group:
MAM accounts. Account managers earn additional income on fees charged to investors. In their turn, investors trade passively with reduced risk;
Economic calendar. It is a table with the most important economic and political events that can affect the movement of asset prices. The table shows current quotes and a forecast for changes;
Trading Center. This is a comprehensive solution based on expert trend analysis. Traders get a detailed idea of the current situation in the markets.
Advantages:
This broker provides full transparency; thus, all costs are known in advance. There are no additional fees or hidden charges;
A demo account is free to open. To open STP and Partner accounts, it is enough to make a deposit of $100;
There are dozens of assets from 5 groups in this broker's pool. Traders are not limited in trading and they work with leverage up to 1:1000;
MAM accounts provide for earning passively as an investor. Another option for alternative income is the IB partnership;
Technical support works 24/7.
User Satisfaction