Forex24 Review
💲 Min Deposit $2000
💼 Regulation
💡 Min Position 0.01 lot
🌐 Website www.forex24.com
🌎 Country
⚖ Max Leverage 1:400
📁 Segregated accounts
🕋 Islamic accounts available
Forex24 has headquarters in Germany, Spain, Italy, Cyprus, United Kingdom, European area and France. Forex24 to provide their Forex/CFD trading services to over 4 million clients.
This broker has also been regulated by BaFin 2017/1349943, CNMV 4373, CONSOB (Italy) 4624, CySEC 300/16, FCA 782501 and ESMA.
Account Information
Apart from the forex demo account, this broker offers Classic Silver, Mini Bronze and Pro Gold. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by Forex24 is up to 1: 400. Meanwhile, you can open an account with a starting capital of $2000.
Min Deposit
$2000
Max Leverage
1:400
Spread
Variable
If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:
💲 Min Deposit $2000
💡 Min Position 0.01 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
🕛 Overnight interest rates (swaps)
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
💸 Commission
Instruments Traded
Besides lots of currency pair, Forex24 also offers some instruments you would like to trade on, such as Forex, Gold & silver, Indexes and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for Classic Silver account, Forex24 specifically provides it with the following instruments and leverage:
Forex
1:30
Gold & silver
1:20
Indexes
1:10
Crypto
1:2
💲 Min Deposit $2000
💡 Min Position 0.01 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission
Instruments Traded
Besides lots of currency pair, Forex24 also offers some instruments you would like to trade on, such as Forex, Gold & silver, Indexes and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for Mini Bronze account, Forex24 specifically provides it with the following instruments and leverage:
Forex
1:30
Gold & silver
1:20
Indexes
1:10
Crypto
1:2
💲 Min Deposit $2000
💡 Min Position 0.01 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission
Instruments Traded
Besides lots of currency pair, Forex24 also offers some instruments you would like to trade on, such as Forex, Gold & silver, Indexes and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for Pro Gold account, Forex24 specifically provides it with the following instruments and leverage:
Forex
1:400
Gold & silver
1:50
Indexes
1:50
Crypto
1:2
Payment Methods
Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.
Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.
Forex24 also provides payment with Credit/debit cards
Trading Platforms
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.
Hereby, Forex24 offers you MetaTrader 4.
Customer Support
Do you have any question or find any trouble related to Forex24? If you do, you should reach Forex24's support to get the information that you need. Here is the detail of the broker's customer support:
Website Languages
Office Support
Email Support
Call Support
Chat Support
FAQ About Forex24
A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if Forex24 is a good broker for you or not by reviewing the criteria. In general, Forex24 provides trading service in Forex , Gold & silver , Indexes and Crypto . As for the payment methods, you can choose between Credit/debit cards, Skrill and Wire transfer. The customer support is available via Callback, Email, Live chat, Phone and Web form.
The starting capital in Forex24 is $2000.
Forex24 is regulated by BaFin 2017/1349943, CNMV 4373, CONSOB (Italy) 4624, CySEC 300/16, FCA 782501 and ESMA. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.
Forex24 is a brokerage company offering trading services for clients offices in Germany, Spain, Italy, Cyprus, United Kingdom, European area and France.
