24ProfitMarket Spreads, leverage, minimum deposit Revealed
WikiFX | 2024-11-19 17:00Abstract：Designed in 2017, 24Profit Market is an unregulated internet trading platform. Among the several financial tools it provides are forex, indices, equities, commodities, and cryptocurrencies.
| 24ProfitMarket Review Summary | |
| Founded | 2017 |
| Registered Country/Region | Not mentioned |
| Regulation | Unregulated |
| Market Instruments | Forex, Commodities, Indices, Shares, Cryptocurrencies |
| Demo Account | × |
| Spread | From 0.0 pips (claimed) |
| Trading Platform | MetaTrader 4 web platform, MetaTrader 4 mobile platform |
| Min Deposit | €250 |
24ProfitMarket Information
Designed in 2017, 24Profit Market is an unregulated internet trading platform. Among the several financial tools it provides are forex, indices, equities, commodities, and cryptocurrencies.
Pros and Cons
| Pros | Cons |
| Offers a range of financial instruments | Unregulated |
| Provide MT4 | High withdrawal fees |
| Multiple account types |
Is 24ProfitMarket Legit?
24ProfitMarket operates without any regulations.
What Can I Trade on 24ProfitMarket?
24ProfitMarket offers trading in MANY financial instruments.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Shares | ✔ |
| Cryptocurrencies | ✔ |
| ETFs | ❌ |
| Bonds | ❌ |
Account Types
24ProfitMarket provides 3 types of live trading accounts but does not offer demo or Islamic accounts.
| Account Name | Minimum Deposit | Bonus | Suitable For |
| Bronze | €250 | 20% | Beginners |
| Platinum 1 | €750 | 30% | Intermediate traders |
| Platinum 2 | €1,000 | 50% | Advanced traders |
24ProfitMarket Fees
24ProfitMarket's fee structure is high compared to standards.
Trading Fees
The broker offers competitive spreads starting from 0.0 pips. But it doesn't mention other trading fees.
Trading Platform
24ProfitMarket offers the MetaTrader 4 (MT4) platform.
| Trading Platform | Supported | Available Devices | Suitable for |
| MetaTrader 4 | ✔ | Web, Android, iOS | Both novice and experienced traders |
Deposit and Withdrawal
Deposit fees
24ProfitMarket charges fees for withdrawals and has a minimum deposit requirement of at least €250.
| Deposit Options | Min. Deposit | Fees | Processing Time |
| Credit/Debit Cards | €250 | Not specified | Not specified |
| Wire Transfer | €250 | Not specified | Not specified |
| E-Wallets | €250 | Not specified | Not specified |
Withdrawal fees
The broker imposes high withdrawal fees of $35, and charges additional charges for not meeting certain trading volume requirements.
| Fee Type | Amount |
| Credit Card Withdrawal | $35 |
| Bank Transfer Withdrawal | $50 |
| E-wallet Withdrawal | $25 |
| Additional Fee for Not Meeting 200x Turnover | 10% of withdrawal amount |
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