24CM Broker Review

Regulated by: CySEC

Headquarters: Cyprus

Ranking: 30

Spread: 1.5 pips (EURUSD)

Leverage: 30:1

Minimum Deposit: $250

Open Account

24CM Review & Author's Comment

24CM Forex is a brand of F1Markets Limited, a Cyprus Investment Firm, authorized and regulated by the Cyprus Securities and Exchange Commission with CIF license number 267/15. So the brand itself doesn’t own the license but the parent company.

Being fairly a new forex broker, 24CM spreads are high compared to its peers and the Company does not have a lot to offer in account types and trading conditions department. Live chat doesn’t work, no educational and market intelligence material on the web site. I should certainly add that the web site is not very informative.

24CM could be considered as a reliable broker since its parent F1Markets are regulated by CySEC. However, it does not offer a lot in terms of favorable trading conditions, spreads and customer service. So, I recommend one of the top three firms in my list rather than 23CM.

Broker Detail
Adress: Tassou Papadopoulou 6, Flat/Office 22, Agios Dometios, 2373 Nicosia, Cyprus
Phone: +357 25 262513
Web: https://www.24cm.com/eu/
E-Mail: info@24cm.com
Regulator: CySEC (License Number: 267/15)
Year Founded: 2014
Instruments
Forex:
Precious Metals:
Energy:
Soft Commodities:
Indices:
CFDs:
Stocks:
ETFs:
Bonds:
Options:
Cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum, Dash, Ripple, Monero, Litecoin
Account Options
ECN Account:
Swap-Free Account:
Nano Account:
MAM / PAMM Account:
Demo Account:
Funding Methods: Wire Transfer, Credit Card, Skrill
Withdrawal Methods: Wire Transfer, Credit Card, Skrill
Customer Services
Live Chat:
24 Hours Support:
Languages: English, Dutch, German, Italian
Platforms
Supported Platforms: MetaTrader 4
Webtrader:
Mobile: IOS, Android
Trading
Leverage: 30:1
Spreads: As low as 1.5 pips for EURUSD
Minimum Deposit: $250
Fixed Spreads:
Automated Trading:
Hedging:
API Trading:
Negative Balance Protection:
Accepts Clients from the US:

24CM Forex Review

24CM Forex Review
  • 8.1/10
    Reliability - 8.1/10
  • 8/10
    Deposit & Withdrawal - 8/10
  • 5/10
    Bonus - 5/10
  • 5.4/10
    Customer Support - 5.4/10
  • 5.1/10
    Overall Trading Conditions - 5.1/10
6.3/10

Summary

Strong CySEC regulation. Reliable. No educational material and market analysis. Very low leverage and high spreads compared to industry average.

Open Account