Regulated by: CySEC
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.
24CM Forex Review
Strong CySEC regulation. Reliable. No educational material and market analysis. Very low leverage and high spreads compared to industry average.
|Adress:||Tassou Papadopoulou 6, Flat/Office 22, Agios Dometios, 2373 Nicosia, Cyprus|
|Phone:||+357 25 262513|
|Regulator:||CySEC (License Number: 267/15)|
|Cryptocurrencies:||Bitcoin, Bitcoin Cash, Ethereum, Dash, Ripple, Monero, Litecoin|
|MAM / PAMM Account:|
|Funding Methods:||Wire Transfer, Credit Card, Skrill|
|Withdrawal Methods:||Wire Transfer, Credit Card, Skrill|
|24 Hours Support:|
|Languages:||English, Dutch, German, Italian|
|Supported Platforms:||MetaTrader 4|
|Spreads:||As low as 1.5 pips for EURUSD|
|Negative Balance Protection:|
|Accepts Clients from the US:|