24XFOREX-Overview of Accounts, Leverage, Spreads

WikiFX | 2022-03-16 16:57

Abstract：24XFORE is a newly established forex broker registered in the Marshall Islands. As an offshore forex broker, it does not disclose the company behind it, which arises much danger. 24XFORE claims that it provides investors with trading assets including forex pairs, indices, and cryptocurrencies.

Official Website Unavailable

Since 24XFOREs official website cannot be accessible for the moment, we could only pick up some related information from broker-rating websites to get a rough idea of this broker.

General Information

24XFORE is a newly established forex broker registered in the Marshall Islands. As an offshore forex broker, it does not disclose the company behind it, which arises much danger. 24XFORE claims that it provides investors with trading assets including forex pairs, indices, and cryptocurrencies.

Market Instruments

Tradable financial instruments on the 24XFORE platforms are quite limited, only currency pairs, indices, and cryptocurrencies allegedly available. Other popular trading assets like stocks, commodities, precious metals, and more, are not mentioned.

Account Types

Like most forex brokers, to satisfy various traders specific trading needs, 24XFORE does offer three forex trading accounts: Silver, Gold and Platinum. However, it does not mention the initial deposit requirement for each account.

Leverage

Trading leverage varies depending on what kind of trading accounts you are holding. For instance, the Silver Account offers the leverage up to 200:1. While the Gold and Platinum Accounts can offer higher leverage, up to 300:1, 400:1, respectively. This is because the latter account holders are typically experienced or advanced traders, high leverage can attract them more. However, since leverage can magnify gains as well as losses, it is essential that traders should learn how to use it and manage risks.

Spreads & Commissions

24XFORE hypes it offers ultra-low spreads on instruments, but it does not specify spreads on particular instruments. After testing with its demo account on the platform, we found that the spreads on the benchmark EUR/USD pair is around 0.2 pips, which is too good to be true. Since this broker is unregulated anyway, traders are not advised to trade currency pairs here.

Trading Platforms

In terms of trading platform available, 24XFORE offers access to two distributions of the highly acclaimed MT4 platform-available on PC and web versions.

Deposit & Withdrawal

No information about the minimum deposit requirement, and the minimum withdrawal amount is $50. Supported payment methods are Debit/Credit Card, Wire Transfer, e-Wallets like Skrill. Transaction via Credit/Debit Card charges no fees, while the costs for transfer wire, Skrill fail to mention.

Contact Info

24XFORE offers a poor customer service, and its support team can only be contacted through email: support@24xforex.com. Company Address: The Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands.

Leverage Commission Currency Pair Dealer Forex trading Forex Broker

Related broker

No Regulation

24XFOREX

Company name：24XFOREX

Score

1.50

Website：https://24xforex.com/

5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.50

FXPRIMUS SCAM Alert: 5 Reasons Why Traders Are Backing Off

At first glance, FXPrimus appears to be a reputable broker. Its website looks polished and professional, giving the impression of trustworthiness. However, behind this sleek appearance lies a concerning reality. The broker has numerous complaints registered against its name—a series of red flags that you simply can’t afford to ignore. In this article, we’ll tell you the reasons why traders are backing away from FXPrimus.

Original 2025-08-29 20:07

Forex Trading Options: Definition, Importance, Benefits & Key Insights

Want to invest in forex trading options? You should first learn the concept of foreign exchange options. A lot of traders remain unaware of it. Forex options serve as a great tool for investment diversification and hedging of a spot position. They can also be used to predict short or long-term market views as opposed to trading in the currency spot market.

Original 2025-08-29 19:20

Think Twice Before Trading with AZAforex – Here’s Why

Brokers often show only their attractive side. They highlight their features, bonuses, and promises of high returns to gain your trust. But behind the scenes, there can be a darker reality they don’t talk about. AZAforex is one of those brokers. We found many red flags during our research about it. All five major warning signs are revealed in this article! Read until the end.

Original 2025-08-29 19:19

What is Equity in Forex Trading - An In-depth Guide Awaits You!

Wondering what does equity mean in forex trading? You are at the right place! It simply indicates the traders the capital they have currently to trade. Equity is arrived at after adding current profits to the trading balance. In case the trade witnesses losses, they will be subtracted from the trading balance. Upon the closure of all trades, your trading balance is your equity.

Original 2025-08-29 18:08