24fx is a forex and option trading broker brand owned and operated by Rodeler limited. Rodeler Limited is registered and licensed company in Cyprus (CySec) under business registration number 312820. Rodeler limited is also regulated by FCA (UK) under license number 610021. Besides CySEC and FCA they are also registered and regulated by FMA, AFM, HELLENIC, CNB, BDF, BAFIN, ATVP, CONSOB and CNMV. 24FX broker is authorized to provide services throughout the EU under license number 207/13
24fx started their journey back in 1999 and providing fx services to global traders with the latest market technology and competitive trading conditions in Forex, Commodities, Indices and Stocks. Rodeler Limited is located at 39 Kolonakiou Street, Ayios Athanasios, Limassol CY-4103.
24FX doesn’t have much of an operational track record, they are still highly regarded by the industry as the holding company Rodeler Ltd which owns the 24FX brand is already a well-known entity. One of their better known brands is the 24Option binary options trading platform. With trader’s satisfaction as their top priority, 24FX aim to provide their traders with the best possible trading environment in order for them to trade CFDs and forex with peace of mind.
Meta-Trader 4 is the prime platform of 24fx broker. MT-4 platform, known as meta-trader 4 platform is the most famous and used platform by online trading brokers. Mostly Every broker has MT4 platform to serve their clients across the globe. 24FX also got MT4 platform for you to serve you the seamless and cutting edge technological forex service. 24FX got 3 different types of online trading platform for you to enjoy their cutting-edge service. You can choose to use the MetaTrader 4 (MT4) platform which is the forex industry’s standard trading platform well known for its reliability and powerful tools.
- Meta-Trader 4
- Mobile Trader
- Web Trader
These 3 platforms are being used by 24Fx traders from years.
Meta Trader 4 – Enjoy Trading on your Desktop or laptop.
MetaTrader 4 is the most popular charting and analysis software in use by traders of all levels. Why? Because it has all the powerful tools and features to give you the real-time trading experience. Advantage of this platform is you can enjoy the powerful trading, analysis, charting, fast execution without any requotes and the best price quote. All the powerful popular indicators and charting tools are already integrated right into MT4 platform to make your trading analysis accurate and fast. Even you can load your own customized designed indicators or EA-Expert Advisors to make your trading automatic.
Key benefits are:
- Charting Tools and Indicators
- Speed of Analysis and Trading
- Simple Order Entry
You can Download MT4 from here and enjoy cutting edge trading experience with 24FX. It can literally take your trading to the next level with its combination of power, flexibility, and ease of use.
Enjoy trading at 24FX using your smart phone, tablet or iPad. Mobile Trading platform makes online trading easy, faster and more lucrative. The Mobile Trading Platform is designed to fit all major mobile devices, bringing the sophisticated features of the trading platform to your mobile screen in a user-friendly format.
Mobile trading platform lets you to efficiently manage your time and increase your ROI without troublemaking your secluded life. Use your mobile phone to trade during time that would previously have been wasted. Whenever you are in a queue, waiting room, on public transport, taking a break from work, or stuck in a tedious social situation, you can login to 24FX and begin trading.
The markets are in action 24 hours a day and react almost instantly to global events. With mobile trading, you are never more than a couple of seconds away from your 24FX account and have the trading platform – literally – in the palm of your hand
If you are interested to start trading with 24FX using mobile platform you can contact support team for further assistance with installing and using 24FX Mobile Trading Platform.
24Fx Web Trader
Alternatively, at 24FX you can choose to trade with the Sirix powered Web Trader trading platform. Designed to be accessed with any internet connected devices that support a web browser, the Web Trader comes equipped with advanced tools such as Live Charts, Trading Cubes and Visual Trends.
The Web Trader is a cutting edge, web based trading platform that gives traders full access to market information from any internet connected device that supports a web browser. At 24FX you can access the Web Trader to gain unparalleled control over trading decisions and have complete market access at your fingertips.
Key features that makes Web Trader unique:
Live Analysis and Charts – Allows each trader to access detailed statistic about all open and closed trades in a visual fashion. Includes several methods of analysis and statistics can be viewed over multiple time frames.
Trading Cubes – The trading cubes offer a means to speed up trading by showing the assets, lot sizes and prices you want to see. Trading cubes allow the trader to see all their preferred assets at a glance and make trades with lightning speed.
Visual Trends – A powerful visual tool for online traders that gives a visual interpretation of market conditions for currencies, as well as major market trends.
Additionally, you can
- Execute any order with one click
- Open and close any trade without any requotes or slippage.
- Enjoy the most user-friendly trading environment.
- Copy other professional traders trade and share your own trading ideas with other traders.
Trading Account Types
24FX traders have a choice of 3 different types of trading accounts. They consist of Silver Account, Gold Account and Platinum Account. Silver accounts require a minimum deposit of $250 to open while Gold accounts require $5000 to open. The Platinum account is the most exclusive of all the trading accounts and requires you to deposit a minimum of $20,000.
Silver account is for those traders who wants to try services, products and platforms of 24FX.com. You will be required to deposit minimum $250 to be eligible to trade with 24FX. You can deposit instantly using Credit Card, Moneybookers, Neteller, Wire Transfer but fund withdrawal process takes up to 7 business days. 24fx offer fix spread for silver account holder traders. Minimum spread for EURUSD is 3 pip. They allow you to open position with minimum 0.01 lot size and also you can hedge fund for your fund safety and maximize ROI (return on investment)
Gold Account has been designed with few more extra facilities and options for you to trade more precisely and make profit out of your every trade. If you sign up for gold account with 24FX then you will have top deposit minimum $5000. But you will enjoy much lower spread than silver account.
What are the benefits of gold account?
- Fix spread 2 pips
- Minimum deposit $5000
- Withdrawal process take 5 business days
- 24×5 multilingual support
- Webinars and videos
- News alerts
- Dedicated Account Manager
- Minimum Order Size: 0.01
Platinum account is much higher than other two trading accounts. Platinum traders needs to deposit minimum $20000 to be eligible.
Benefits includes with Platinum Account:
- Spreads 1.5 pips (Fix)
- Withdrawal process takes 2 business days
- 24×5 multilingual support
- Webinars and videos
- News alerts
- Dedicated Account Manager
- Minimum Order Size: 0.01
- Virtual Private Server (VPS)
24FX offers an Islamic account to traders worldwide. This account is reserved to our Muslims traders only. The Islamic account is an account free of overnight interest and commissions according to Islamic sharia law.
Islamic Account Benefit
- A commission free account
- Swap free account no matter how long you choose to leave your position open
- No hidden commissions or fees, we profit over the spreads
- Fixed spread in the Islamic account
- special support 5/24 from your account manager
- Contact your account manager to open your Islamic Account today!
To open an Islamic account, you have contact your account manager
Tools and Resources
24FX designed their tools and resources with 4 different sub-sections. Which includes:
- Realtime updated Economic calendar
- Trading Hours
- Asset Index
- Forex Glossary
An economic calendar is used by investors to monitor market-moving events, such as economic indicators and monetary policy decisions. Market-moving events, which are typically announced or released in a report, have a high probability of impacting the financial markets. At 24FX, they have a Real time economic updated calendar for you. Which will help you to decide trading trend during news hour.
As you know already that forex market works 24×5 days in a week without any rest. We all know that market start with Asian session and closes daily trading hour in USA before starting new days trading session. Sometimes it becomes really hard to identify the trading hours’ time zone. Every country has their own regional standard time. Daily Forex trading market starts with Japan stock market opening at 00:00 am and closes at 9:00 am GMT. After all day trading market closes in USA at 10:00 pm GMT
Asset index is a web based data base, where you will see how any currency pairs 24FX offers for their traders including commodities, indices and stocks. You also can find more information regarding currency pairs spreads and offered leverage.
A full glossary of financial terms and a FAQ page with information on procedures for opening a trading account and how to fund it are available.
Several calculators are posted on the website to help traders decide how and what to trade. The Pivot calculator, Fibonacci calculator, Deal Size calculator and Pip calculator can be used directly from the site and provide useful information for all traders.
Number of Currency Pairings: 47 Currency Pairings.
Other Instruments: Commodities, Stocks, and Stock Indices via CFD’s.
Total instrument: 154
24FX offer wide range of currency pairs including some exotic currency pairs like USD/RUB. You will be satisfied with 24FX services and products. Besides trading on currency pairs, you are allowed to trade on commodities, stocks or even CFD’s.
24FX offers excellent educational and training resources. As a forex trader, you are strongly encouraged to take advantage of 24FX free education and trainings.
They have included some impressive and helpful trading tools for you, which are suitable for all types of traders who can enhance their knowledge and improve their investment skills.
The latest financial information, newsfeeds, daily reports and daily market reviews are also offered by 24FX. To make your trading profitable by reducing risks, 24FX provides daily fundamental and technical analysis on many instruments. The textual articles are highly informative and of high standard.
Commission & Spreads
The spreads at 24FX are fixed. Depending on trading account type its varies.
- Silver account, the minimum spread starts from 3 pips.
- Gold accounts minimum spreads starting at 2 pips.
- Platinum accounts spreads start with 1.5 pips.
Funds can be deposited in a 24FX account via credit and debit cards, bank wire and a wide choice of payment wallets such as Qiwi, CashU, Neteller, Skrill, Sofort, Moneta, GiroPay, and others.
Withdrawals are paid promptly in full and on demand. There are no deposit fees charged to the client but some fees are imposed on certain types of withdrawals. There is also a fixed swap fee on commodities and indices for keeping the position open overnight.
In terms of regulation and registration with CySec and FCA I can assure you that 24FX is reliable for investment.
While many other forex brokers were badly affected by the recent untying of the swiss franc to the euro earlier this year, 24FX had remained relatively unharmed. In fact, it has been business as usual for them. This is perhaps one of the best testimonies of the reliability of this new established forex broker. We have to remember even more established forex brokers like Alpari UK were caught off when the crisis broke. In short, traders need not have to worry carelessly if their monies are safe with 24FX as a real life crisis have proven their worth for all to see.
For a forex broker, 24FX customer support services are extraordinary. While the industry standard is to offer traders 24/5 customer support, 24FX has gone one step further by offering their traders 24/7 support instead. Their website is available in 7 major languages and traders can contact the support team anytime through email, live chat and the telephone.
Localized telephone numbers are also provided for the benefit of traders for countries such as Bahrain, Cyprus, France, Germany, UK, Italy and Russia.
You can contact with them via
Customer Support: firstname.lastname@example.org
Saudi Arabia: +966-8111048810
Rodeler Limited is located at 39 Kolonakiou Street, FREMA PLAZA, First Floor, 4103 Ayios Athanasios, Limassol, Cyprus.
- Fast Processing of Withdrawals
- Intuitive Platforms
- Mobile Trading Supported
- Reputable Broker
- Tight Spreads
- Variety of Trading Tools Provided
- High Bonus offered
- Personal training program and live trading webinars
- A dedicated account manager
- S traders not accepted
- Lacking is MT4 APIs supports
Although 24FX is fairly new to the retail forex industry, this broker has managed to maintain the same high standard of services which they have provided under the 24Option brand. The fact that they are also a regulated is plus point for this broker. In our opinion, traders need not have any major concerns when trading with them.