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No Regulation
Score
1.35 /10
Danger
24 Exchange
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index5.76
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
Website
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
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Warning: Low score, please stay away!
Previous Detection :
2024-11-19
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| Company Name | 24 Exchange Bermuda Limited |
| Registered Country/Area | Bermuda |
| Regulation | Unregulated |
| Trading Platforms | GUI |
| Tradable Assets | Forex, NFDs |
| Customer Support | Phone, Email, Social Media and Physical Address |
24 Exchange Information
24 Exchange is an unregulated Bermuda registered broker offering traders the opportunity to trade Forex and NFDs. However, the brokerage exposed more problems.
Pros and Cons
| Pros | Cons |
| No regulation | |
| MT4/5 is not supported | |
| Only trade foreign exchange | |
| No account information |
Is 24 Exchange Legit?
24 Exchange's current state of operation is unregulated and therefore carries a degree of risk. Please pay attention to the safety of personal funds and guard against risks.
What Can I Trade on 24 Exchange?
24 Exchange offers the opportunity to trade Forex and NFDs. No other major trading products are available.
| Tradable Instruments | Supported |
| Forex | ✔ |
| NFDs | ✔ |
| Precious metals & Commodities | ❌ |
| Indices | ❌ |
| Stocks | ❌ |
| Bonds | ❌ |
| ETF | ❌ |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| GUI | ✔ | Web, Desktop, Mobile | Beginner |
| MT4 | ❌ | ||
| MT5 | ❌ |
Customer Service
24 Exchange does not offer a 24/7 live chat service. Traders can access customer service through phone, email, social media, and physical addresses.
| Contact Options | Details |
| Phone | +1441 (203) 212–8032 |
| sales@24exchange.com | |
| Social Media | Twitter, LinkedIn |
| Website Language | English |
| Physical Address | 3rd Floor, Sophia House 48 Church Street Hamilton HM12 Bermuda |
The Bottom Line
To be honest, 24 Exchange has very few products to trade, and key information, such as accounts of interest to consumers, is not publicly available. Beyond that, MT4/5 is neither supported nor regulated. Looks like a “three-no” broker. Therefore, it is not recommended that traders enter into transactions with this broker.
FAQs
Is 24 Exchange safe?
No, 24 Exchange is not safe at all. It's unregulated and has very little security.
Is 24 Exchange good for beginners?
No, it's not for beginners, due to factors such as unregulated and incomplete information disclosure.
Is 24 Exchange good for day trading?
No, it is not suitable for day trading. 24 Exchange is unregulated and does not support the MT4/5 platform. The limited range of tradable instruments limits traders' trading opportunities.
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