WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
您当前语言与浏览器默认语言不一致,是否切换?
切换
Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10

24K Markets

Saint Lucia|1-2 years|
High potential risk|

https://24kmarkets.com/

Website

Rating Index

Contact

support@24kmarkets.com
https://24kmarkets.com/
Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia.

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-11-03
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

24K Markets · WikiFX Survey

Users who viewed 24K Markets also viewed..

XM

9.05
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)
Official website

STARTRADER

8.63
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)
Official website

AUS GLOBAL

8.23
Score
10-15 yearsRegulated in CyprusMarket Making(MM)
Official website

FP Markets

8.88
Score
15-20 yearsRegulated in AustraliaMarket Making(MM)
Official website

24K Markets · Company Summary

24K Markets Review Summary
Company name 24K Markets
Registered region Saint Lucia
Regulation No regulation
Market Instruments 160+, forex, crypto, stocks, commodities, indices, futures
Demo Account Available
Leverage 1:500
EUR/USD Spread 0.8 pips
Trading Platforms MT4
Minimum Deposit $10
Customer Support 24/7, email:support@24kmarkets.com; Live Chat; Social Media: Facebook, Instagram, LinkedIn, Youtube, Twitter, TikTok, QQ, Wechat
Company Address Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia

What is 24K Markets?

24K Markets is a comprehensive online platform that offers a wide range of financial services, including trading in various asset classes such as 160+, stocks, cryptocurrencies, forex, commodities, futures and indices. The platform provides users with access to advanced trading tools, educational resources, market analysis, and customer support to enhance their trading experience.

24K Markets' homepage

Pros & Cons

Pros Cons
  • High Leverage
  • No Regulation
  • Multiple Customer Support Channels
  • US Clients are Not Accepted
  • Demo Accounts Available
  • Multiple Account Types

Pros of 24K Markets:

- High Leverage: This broker offers a high leverage ratio of up to 1:500, allowing traders to enter trades of significantly larger value than the capital they possess. Although this can lead to increased profits, it can also amplify potential losses.

- Multiple Customer Support Channels: 24K Markets provides several channels for customer support including live chat, telephone, email, and social media. This could make it easier for clients to reach out with their queries or concerns.

- Demo Accounts Available: 24K Markets offers demo accounts, allowing users to practice trading without risking real money. This can be beneficial for beginners or those who want to test the platform.

- Multiple Account Types: 24K Markets offers five account types, providing users with the flexibility to choose an account that suits their trading needs.

Cons of 24K Markets:

- No Regulation: 24K Markets is not regulated, which increases risks for clients as the company doesn't have to adhere to any established financial standards nor offer protections typically required by financial regulators.

- US Clients are Not Accepted: The services of 24K Markets and any information on this site are not directed at and do not intend to elicit citizens and/or residents of the USA.

Is 24K Markets Legit or a Scam?

  • Regulatory Sight: 24K Markets is currently not regulated by any recognized financial authority. Traders should exercise caution and conduct thorough research before engaging with 24K Markets.

No license
  • User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.

  • Security Measures: There are 7 account security measures for this broker. 24K Markets prioritizes account security through a comprehensive set of measures to safeguard users' funds and personal information.

Being fraud-aware is crucial, and users are encouraged to stay vigilant against potential scams or phishing attempts.

Proceed with a locked account, a secure procedure is in place for users to proceed and regain access.

Resetting the back-office password is another layer of security to prevent unauthorized access.

Documents accepted as a source of funds or wealth are verified to ensure compliance and legitimacy.

Selfie guidelines may be required for identity verification purposes, adding an extra level of security.

Users are provided with information on slippage, which refers to the difference between the expected price of a trade and the price at which it is executed.

Furthermore, 24K Markets prioritizes funds safety, implementing measures to protect users' funds from unauthorized access or misuse.

Account Security

Market Instruments

24K Markets provides a wide range of market instruments for traders to engage with, catering to various trading preferences and strategies.

These instruments include FX Majors, which consist of the most traded currency pairs like EUR/USD and GBP/USD, as well as FX Crosses, which involve currency pairs that do not include the US dollar, such as EUR/GBP or AUD/JPY.

Traders looking for more unique opportunities can explore FX Exotics, which feature currency pairs involving major currencies and those from developing economies.

In addition to forex pairs, 24K Markets offers Futures contracts, enabling traders to speculate on the future price movements of various assets like commodities, indices, and currencies.

For those interested in the rapidly evolving world of digital assets, Cryptocurrencies are also available for trading on the platform. Traders can access popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.

Furthermore, traders can diversify their portfolios by trading Indices, representing the performance of a group of stocks in a particular market or sector.

US Shares and EU Shares provide opportunities to trade stocks listed on major US and European stock exchanges, respectively.

Lastly, traders can also engage in trading Commodities, including precious metals, energy resources, agricultural products, and more.

Market Instruments

Account Types

  • STANDARD:This is an entry-level account with a spread of 0.8 pips and an Order volume of Lot $7. It is suitable for beginners or individuals who want to get started with trading.

  • PRO:This is a mid-level account that has a spread of 0.4 pips and an Order volume of Lot $8. The PRO account can be preferable for experienced traders who are willing to invest a higher amount for potentially greater returns.

  • VAR: This is a premium account that has a spread of 1.2 pips and no Order volume,providing access to more comprehensive services or features suited to advanced trading strategies and larger investment portfolios.

Account comparison

How to Open an Account?

Visit the company's official website, you can either choose to “Try a Demo” or “Register Now”.

choose to Try a Demo“ or Register Now”
  • Demo Account

If you want to try a demo account, click on the “Try a Demo” bottom, then fill up your basic imformation. It's worth noticing that you need to carefully consider their choice of leverage and balance.

Open a demo account
  • Real Account

If you choose to open a real account, you can either choose to “Sign in with Google” or create a new account. You will be prompted to provide certain personal information such as your name, email address, and password.

Next, you will be required to verify your email.

Then you need to complete a few more detials to fully set up your account.

Once your account is set up and verified, you can fund your account using the available deposit methods on the platform.

Open a real account

Leverage

provides its clients with a maximum leverage ratio of 1:500.This means that traders can control a position up to 500 times the amount of their deposited funds.This type of financial leverage can significantly magnify potential profits, but at the same time, it also amplifies the risk, making it a powerful tool in the hands of a savvy investor.

Leverage

Spreads & Commissions

24K Markets utilizes a variable spread model, offering different spreads for different account types and separate tradable symbols.

It offers the spread from o.8 pips for the STANDARD account, 0.4 pips for the PRO account, 1.2 pips for the VAR account.

For the benchmark EUR/USD pair, the spread is as low as 0.8 pips, while the industry average is 1.5 pips.

You can find more detailed spread info on different tradable symbols in the screenshot below:

Spreads

In terms of commission, 24K Markets doesn't invlove specific info, just saying that they charge low commission for forex trading. If you are interested in this broker and want to trade with them, you has better contact their customer to get further knowledge.

low commissions

Trading Tools

24K Markets offers resources like Forex calculator and Trading hours to enhance the trading experience for users.

Forex calculator help traders analyze price charts and identify potential entry and exit points based on historical price data and patterns.

Forex calculator

Trading hours provides real-time information on market developments, geopolitical events, and economic indicators, helping traders stay ahead of market trends and opportunities.

Trading hours

Deposit & Withdrawal

24K Markets doesn't reveal many details about deposit and withdrawal. Based on the limited info available on their website, we found that it seems to only accept crypto deposits, such as Bitcoin, Ethereum, XRP, Litecoin, Dogecoin, and USDT.

Deposit

Customer Support

24K Markets offers comprehensive customer support to its clients. This includes being available 24 hours a day, 7 days a week. Clients can reach out to 24K Markets through various channels.

  • Email: The firm offers assistance through email at support@24kmarkets.com.

  • Live Chat: Live chat is available for clients who prefer a quick and instant response.

  • Social Media:24K Markets also maintains a strong presence on Facebook, Instagram, LinkedIn, YouTube, Twitter, TikTok,QQ, and WeChat providing clients with a more informal method of communication or for staying updated with the firm's latest news.

The company also provides its physical address: Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia.

Contact Form

Conclusion

24K Markets offers a range of features and services such as high leverage and multiple customer support channels that cater to both novice and experienced traders in the forex market. However, it currently has no valid regulations. If you are interested in this broker, you should be cautious, do thorough research.

Frequently Asked Questions (FAQs)

Question 1: Is 24K Markets regulated?
Answer 1: No. It has been verified that this broker currently has no valid regulation.
Question 2: How can I contact the customer support team?
Answer 2: You can contact them through Live Chat or email https://24kmarkets.com/.
Question 3: What kind of products does 24K Markets offer?
Answer 3: 24K Markets offers diverse selection of financial instruments including forex, crypto, stocks, commodities, indices and futures.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

Broker Information

Company Name

24 Markets Ltd

Abbreviation

24K Markets

Regulatory Status

No Regulation

Platform registered country and region

Saint Lucia

Company website
Phone of the company

--

Twitter

--

Facebook

--

Instagram

--

YouTube

--

Company address
  • Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia.

Linkedin

--

WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address
  • support@24kmarkets.com

Company Summary

Review

0 Comments
Write a comment

No comment yet

Write a comment
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com