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
- $10
- TradeLocker
Our Evaluation of 24K Markets
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
24K Markets is a broker with higher-than-average risk and the TU Overall Score of 4.79 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by 24K Markets clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
24K Markets offers a wide range of trading instruments and account types, suitable for both novice and experienced traders. However, the lack of information about regulation may raise concerns for potential clients.
Brief Look at 24K Markets
24K Markets is a trademark of 24 Markets Ltd, registered in Saint Lucia. The broker provides four account types: PRO, VAR, MINI, and STANDARD, each requiring a minimum deposit of $10. 24K Markets uses the TradeLocker platform, offering the ECN connection. Moreover, the broker executes trades via Straight-Through Processing (STP) within a Non-Dealing Desk (NDD) environment.
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- Variety of trading instruments;
- Competitive spreads starting from 0.4 pips on the PRO account;
- High leverage up to 1:500;
- Support for the TradeLocker platform is available on all devices;
- Educational resources with demo accounts and calculators;
- 24/7 client support is accessible via email.
- No clear information about regulation and licensing;
- The website has limited information about the company and its owners.
TU Expert Advice
Financial expert and analyst at Traders Union
24K Markets offers a wide range of instruments, including currency pairs, stocks, cryptocurrencies, metals, and indices. Its advanced TradeLocker platform provides the ECN connection and STP execution. Key advantages for traders include leverage up to 1:500 for effective capital management and spreads starting from 0.4 pips on the PRO account, creating a competitive trading environment.
The broker offers four account types: PRO, VAR, MINI, and STANDARD, with a minimum deposit of $10, enabling traders to select the option that best suits their trading strategies and experience levels.
A significant concern is the lack of information about the 24K Markets' regulation. The website does not mention any licenses or registration with regulatory authorities, raising doubts about funds' safety.
The TradeLocker platform is available on all devices, providing flexibility in managing traders’ positions. However, the lack of MetaTrader 4 may be a drawback for those accustomed to its functionality. The broker’s client support is available 24/7 via email, but the lack of live chat or phone support may limit the speed of resolving issues.
Overall, 24K Markets presents attractive trading conditions. However, the lack of transparent regulatory information requires a cautious approach when considering this broker for long-term trading.
24K Markets Trading Conditions
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | TradeLocker |
|---|---|
| 📊 Accounts: | PRO, VAR, MINI, and STANDARD |
| 💰 Account currency: | USD |
| 💵 Deposit / Withdrawal: | Bank transfers and bank cards |
| 🚀 Minimum deposit: | $10 |
| ⚖️ Leverage: | Up to 1:500 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | 0,6-1,5 pips |
| 🔧 Instruments: | Forex, stocks, cryptocurrencies, metals, and indices |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | STP |
| ⭐ Trading features: |
Tight spreads; High leverage; NDD model. |
| 🎁 Contests and bonuses: | No |
24K Markets offers convenient trading conditions, providing a wide range of instruments and the TradeLocker platform, accessible on all devices. However, the lack of regulatory information may be a drawback for some traders.
24K Markets Key Parameters Evaluation
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Trading Account Opening
To access the 24K Markets website, create a username and password. To start trading, register a user account by following these simple steps:
Choose the account type that aligns with your investment goals and trading strategies and then click the button to open it.
Fill out the account opening form, providing your personal information. Create a strong password for your user account and remember to update it regularly.
Finally, upload documents confirming your identity and address.
Regulation and safety
24K Markets has a safety score of 1.5/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Flexible trading conditions with high leverage and less bureaucracy
- Not tier-1 regulated
- Not regulated
- No negative balance protection
- Track record of less than 8 years
24K Markets Security Factors
| Foundation date | - |
| Negative balance protection | No |
| Verification (KYC) | Yes |
24K Markets is Not a Regulated Broker
Commissions and fees
The trading and non-trading commissions of broker 24K Markets have been analyzed and rated as High with a fees score of 4/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
- No ECN/Raw Spread account
- Inactivity fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of 24K Markets with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, 24K Markets’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
24K Markets Standard spreads
| 24K Markets | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,6 | 0,5 | 0,1 |
| EUR/USD max, pips | 1,5 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,8 | 0,4 | 0,1 |
| GPB/USD max, pips | 1,9 | 1,4 | 0,5 |
Does 24K Markets support RAW/ECN accounts?
As we discovered, 24K Markets does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with 24K Markets. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
24K Markets Non-Trading Fees
| 24K Markets | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 10 | 0 | 0 |
Account types
24K Markets offers several account types designed for various trading strategies. Traders can choose the most suitable option based on their preferences and goals.
Account types:
Deposit and withdrawal
24K Markets received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
24K Markets offers limited payment options and accessibility, which may impact its competitiveness.
- Bank card deposits and withdrawals
- No deposit fee
- Minimum deposit below industry average
- Low minimum withdrawal requirement
- PayPal not supported
- Only major base currencies available
- BTC not available as a base account currency
What are 24K Markets deposit and withdrawal options?
24K Markets offers a limited selection of deposit and withdrawal methods, including Bank Card, Bank Wire. This limitation may restrict flexibility for users, making 24K Markets less competitive for those seeking diverse payment options.
24K Markets Deposit and Withdrawal Methods vs Competitors
| 24K Markets | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | No | No | No |
What are 24K Markets base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. 24K Markets supports the following base account currencies:
What are 24K Markets's minimum deposit and withdrawal amounts?
The minimum deposit on 24K Markets is $10, while the minimum withdrawal amount is $100. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact 24K Markets’s support team.
Markets and tradable assets
24K Markets offers a limited selection of trading assets compared to the market average. The platform supports 166 assets in total, including 55 Forex pairs.
- Crypto trading
- Commodity futures are available
- Indices trading
- Bonds not available
- Copy trading not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by 24K Markets with its competitors, making it easier for you to find the perfect fit.
| 24K Markets | Plus500 | Pepperstone | |
| Currency pairs | 55 | 60 | 90 |
| Total tradable assets | 166 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products 24K Markets offers for beginner traders and investors who prefer not to engage in active trading.
| 24K Markets | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | No | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Customer support
24K Markets provides 24/5 client support and is unavailable on national holidays.
Advantages
- Multilingual client support
- A call center is available
Disadvantages
- Online support is limited
- The broker's office can only be visited by appointment
Available communication channels include:
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Email;
-
Feedback form on the website.
Contacts
| Registration address | 24 Markets Ltd Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia |
|---|---|
| Official site | https://24kmarkets.com |
| Contacts |
Education
24K Markets provides fundamental educational materials that can be valuable for novice traders. However, exploring advanced strategies and conducting more in-depth market analysis may necessitate using additional sources of information.
Comparison of 24K Markets with other Brokers
| 24K Markets | Eightcap | XM Group | RoboForex | Exness | Bybit | |
| Trading platform |
TradeLocker | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MetaTrader5 |
| Min deposit | $10 | $100 | $5 | $10 | $10 | No |
| Leverage |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | 10.00% | No | No |
| Spread | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0 points | From 0 points |
| Level of margin call / stop out |
No | 80% / 50% | 100% / 50% | 60% / 40% | 60% / No | No / 50% |
| Order Execution | STP | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | Yes | Yes | No |
Detailed Review of 24K Markets
24K Markets provides a wide range of trading instruments and platforms designed to assist clients in achieving their investment goals. The TradeLocker platform, accessible across all devices, enables traders to analyze markets, develop strategies, and manage portfolios, which makes trading convenient and flexible, catering to the needs of both novice and experienced investors.
24K Markets’ trading platforms:
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TradeLocker. The platform supports automated trading and market data analysis.
-
Mobile app. It enables clients to manage their accounts from anywhere.
24K Markets by the numbers:
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100+ financial instruments;
-
24/5 client support;
-
4 account types tailored to different trader needs;
-
$10 minimum deposit;
-
Spreads from 0.4 pips for the PRO account;
-
Leverage up to 1:1500.
Useful services offered by 24K Markets:
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Access to over 50 currency pairs traded with competitive spreads;
-
Trading stocks, cryptocurrencies, metals, and indices are supported for portfolio diversification;
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Regular market data and analytics.
Promotions and bonuses:
-
Deposit bonuses are provided for new clients;
-
An affiliate program is present.
Advantages:
Partnership programs for passive income;
Multi-device trading platforms;
In-depth analytics and market reports;
Low initial deposit;
Transparent conditions.
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