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 | |
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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 | |
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Forex: | |
Precious Metals: | |
Energy: | |
Soft Commodities: | |
Indices: | |
CFDs: | |
Stocks: | |
ETFs: | |
Bonds: | |
Options: | |
Cryptocurrencies: | Bitcoin, Bitcoin Cash, Ethereum, Dash, Ripple, Monero, Litecoin |
Account Options | |
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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 | |
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Live Chat: | |
24 Hours Support: | |
Languages: | English, Dutch, German, Italian |
Platforms | |
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Supported Platforms: | MetaTrader 4 |
Webtrader: | |
Mobile: | IOS, Android |
Trading | |
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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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8.1/10
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8/10
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5/10
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5.4/10
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5.1/10
Summary
Strong CySEC regulation. Reliable. No educational material and market analysis. Very low leverage and high spreads compared to industry average.