Score
24tradex
United States|2-5 years| https://www.24tradex.com/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
United States
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
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Website
24tradex.com
Server Location
United States
Website Domain Name
24tradex.com
Server IP
151.139.128.10
Company Summary
Note: 24tradex's official website: https://www.24tradex.com/ is currently inaccessible normal.
| 24tradexReview Summary | |
| Founded | 2023 |
| Registered Country/Region | United States |
| Regulation | Unregulated |
| Market Instruments | Forex, CFDs |
| Demo Account | / |
| Leverage | Up to 1:400 |
| EUR/USD Spread | From 0.6 pips |
| Trading Platform | MT4 |
| Min Deposit | $1,000 |
| Customer Support | Phone: +44 2037 638 900 |
| Email: upport@24tradex.com | |
24tradex, based in the United States, is an online brokerage offering trading opportunities in Forex. 24tradex offers the world-leading trading platform-MT4 and leverage up to 1:400. However, the minimum deposit requirement to open a live account is as high as $1,000. What's worse, it is currently operating without regulation and its official website is unfunctional.
Pros & Cons
| Pros | Cons |
| Tight EUR/USD spread | Lack of regulation |
| MT4 supported | Limited tradable asset classes |
| Unfunctional website | |
| High minimum deposit | |
| High withdrawal fees |
Is 24tradex Legit?
Currently, 24tradex operates without valid regulation. This lack of regulatory oversight causes trading condition risks for investors.
What Can I Trade on 24tradex?
Since there is very limited information about 24tradex, as far as we know, 24tradex mainly offers forex and CFDs trading.
| Trading Asset | Available |
| forex | ✔ |
| CFDs | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
| Account Type | Minimum Deposit |
| VIP | $100,000 |
| Platinum | $25,000 |
| Cold | $10,000 |
| Classic | $1,000 |
Leverage
24tradex offers a maximum leverage of 1:400 to its traders, allowing them to amplify their trading positions by up to 400 times their initial investment. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spread and Commission
24tradex offers competitive spreads (the difference between the bid and ask price of a currency pair) starting from 0.6 pips.
Regarding commissions (additional fees charged by brokers for executing trades on behalf of their clients), the information is not readily available due to the inaccessible website.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop, Mobile, Web | Beginners |
| MT5 | ❌ | Desktop, Mobile, Web | Experienced traders |
Deposit and Withdrawal
24tradex offers credit cards, bank wire transfers, and Skrill. The absence of a minimum withdrawal amount for bank cards and Skrill provides flexibility for clients to withdraw funds as needed, while the $100 minimum for wire transfers is relatively standard among many financial institutions.
However, the fees associated with withdrawals are a concern. A 3.5% fee for bank card withdrawals and a flat $30 fee for wire transfers can significantly eat into a trader's profits, especially for smaller transactions. These fees are higher than industry averages and could be considered a red flag for potential clients.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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