24 markets.com

According to WikiFX data, 24 markets.com holds a core score of 5.39, reflecting a mixed regulatory and operational profile. The broker is regulated by the Mauritius Financial Services Commission (FSC) with an active Securities Trading License, while its South Africa FSCA Derivatives Trading License is currently under verification. User feedback includes complaints about aggressive deposit encouragement and account restrictions, which potential traders should consider. The platform's risk control index is relatively high at 8.9, indicating some internal safeguards, but the overall score suggests caution is warranted.

Yes, 24 markets.com holds two licenses: an active Mauritius FSC Securities Trading License (GB23202449) and a South Africa FSCA Derivatives Trading License (51524). However, the South African license is currently listed as 'Unverified' by WikiFX, meaning its regulatory status is under review. The Mauritius license is active and provides a baseline of regulatory oversight.

The minimum deposit depends on the account type. The Silver account requires a minimum deposit of $5,000, the Gold account $25,000, and the Platinum account $50,000. The lowest entry point is $5,000, which is relatively high compared to many brokers.

24 markets.com supports the MetaTrader 5 (MT5) platform, which is a full license version. The broker does not offer MT4. According to WikiFX data, the average execution speed on MT5 is 121.25 ms, which is competitive.

Pros: 1. Regulated by the Mauritius FSC with an active license, providing a degree of oversight. 2. Offers the advanced MT5 platform with a measured execution speed of 121.25 ms. 3. Provides multiple account tiers (Silver, Gold, Platinum) with support for scalping, hedging, and EA trading. Cons: 1. The South Africa FSCA license is unverified, introducing regulatory uncertainty. 2. High minimum deposit requirements starting at $5,000 may exclude retail traders. 3. User complaints highlight aggressive deposit encouragement and account restrictions, as per WikiFX exposure records.

Yes, WikiFX data shows several user complaints. One exposure report describes aggressive pressure to deposit additional funds and restrictions on account withdrawals. Another user posted a warning image. There are also mixed reviews, some positive, but the negative exposures indicate potential operational risks that traders should evaluate.

24 markets.com is not regulated by US authorities such as the SEC or CFTC, and its licenses are from Mauritius and South Africa. As a result, it is unlikely to accept US residents or provide services in the United States. Traders should verify directly with the broker, but the regulatory profile suggests it is not targeted at the US market.

Given the high minimum deposit requirement of $5,000 and the absence of a clearly stated demo account or educational resources in available data, 24 markets.com may not be ideal for novice traders. The platform does support MT5 and offers flexible trading conditions, but beginners typically benefit from lower entry barriers and more regulatory protection. The unverified South African license also adds an element of risk that inexperienced traders might find challenging.

24 markets.com offers three account types: Silver ($5,000 minimum deposit), Gold ($25,000), and Platinum ($50,000). All accounts support scalping, hedging, and Expert Advisors (EAs). Spreads, leverage, and commissions are not publicly specified for each tier. The primary difference is the entry barrier, with higher-tier accounts likely offering additional benefits, though these details are not disclosed.

Leverage specifications for 24 markets.com are not publicly listed. Without clear leverage data, it is not possible to assess the exact risk level from this factor. However, the broker's overall risk control index is 8.9, which is relatively high. Traders should inquire directly with the broker about available leverage ratios and consider that high leverage can amplify both gains and losses.

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.