24CM Broker Review
Regulated by: CySEC
Headquarters: Cyprus
Ranking: 38
Spread: 1.5 pips (EURUSD)
Leverage: 30:1
Minimum Deposit: $250
24CM Review & Author's Comment
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: | [email protected] |
| 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
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Reliability - 8.1/108.1/10
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Deposit & Withdrawal - 8/108/10
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Bonus - 5/105/10
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Customer Support - 5.4/105.4/10
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Overall Trading Conditions - 5.1/105.1/10
Summary
Strong CySEC regulation. Reliable. No educational material and market analysis. Very low leverage and high spreads compared to industry average.