If you want to trade forex, you have to choose a good broker to support you whenever you need it. For a good trading result, you need a partner that will provide you with the best trading environment there is and a trading platform flexible enough, so that you can develop your own trading techniques. Luckily, we have just what you need. 24FX is a regulated broker based in Cyprus and we traded with them for several weeks in order to test all elements of their trading platform, their support system and the safety of funds and of trader’s personal information they provide. Read our expert 24FX Review 2016 and see what we found out during our time with this company.
24FX Review 2016 | Trading Platform
The best way to start our 24FX Review 2016 is by examining 24FX Trading Platform. Just like so many other reliable brokers, 24FX also uses software called MetaTrader 4. This very popular charting software gives traders many powerful tools to work with when analyzing market movements. The best thing about the MetaTrader 4 is the speed of analyzing and trading – with MetaTrader 4 you will always be able to take actions when necessary, which will increase your chances to win big time. Besides MetaTrader 4, you will also have WebTrader at your disposal. It’s a web based trading platform that provides you with full access to market information from any internet connected device that supports a web browser. Its intuitive interface and comprehensive information will allow you to trade more efficiently and to focus only your trades completely.
Another thing worth mentioning in our 24FX Review 2016 is mobile trading. That’s right: 24FX allows you to trade whenever you want! All you have to do is download the 24FX mobile trading platform to your tablet, smartphone or iPad and that’s it! We are sure that you are aware of the role of timing in trading, so we advise you to download the app so that you can always react on time.
Another important thing in trading is the type of account you choose, and that’s the topic of the following paragraph of our 24FX Review 2016. Stay with us!
24FX Review 20106 | Types of Account
24FX offers three account types to their clients: Silver, Gold and Platinum. If you are a beginner, we advise you to open the basic account – Silver. You have to deposit only $250 (which is the sum of the broker’s minimum deposit), so you won’t risk much, but you will still have an opportunity to earn. However, if you invest $5,000 (Gold account), you will have access to webinars and all kind of useful tutorials, and you will also have access to professional support of an account manager. The last one – Platinum – is designed for professional players and to get it you have to deposit at least $20,000.
If you happen to be a member of the Islamic faith and want to follow the rules of your religion while trading, you can open a special account called the Islamic account, which will be free of commissions, in full accordance with the Sharia law. And yes, every account has some nice bonuses, so if you’re interested you can always check out our 24FX Bonus article!
There’s one more thing worth mentioning in this part of our 24FX Review 2016 – instead of investing real money to try all the perks of trading with 24FX, you can do it for free! All you have to do is to open your Demo account, and you will be able to test everything by yourself. You don’t have to spend anything, and still you can get some valuable trading experience!
24FX Review 2016 | Money Transfers
Every trader needs to know how to deposit and withdraw funds with their broker. With 24FX, these things are pretty simple. You can fund your account by using major credit cards (Visa, MasterCard), wire and bank transfer, but you can also use some alternative methods (Neteller, Skrill). As already stated here in 24FX Review 2016, the minimum deposit is $250, but you can also deposit in other currencies (EUR, GPB or JPY). Should you have any questions, 24FX Contact offers more than enough ways to find answers.
As for the withdrawal, you have to fill out a simple withdrawal form and you will have your money transferred to you within 7 business days. At 24FX there’s no minimum withdrawal, so you can withdraw any amount you want.
24FX Review 2016 | Safety
As we have already mentioned at the beginning of our 24FX Review 2016, 24FX is a regulated broker. It’s regulated by CySEC – Cyprus Securities and Exchange Commission. CxSEC’s financial regulations fully comply with the European Markets in Financial Instruments Directive from 2004. In addition, 24FX cooperates only with those banks that are authorized and regulated by European Union member stars and that are highly rated by credit rating agencies. As for the data you will share with your broker, there’s also nothing to worry about: 24FX will not abuse your personal information nor it will share them with any third parties. When it comes to the safety of your funds, we must mention that traders’ money is held in accounts separated from the ones the company uses. We tried all the monetary transactions 24FX has to offer, and we had no problems with depositing or withdrawing our funds. We can therefore conclude our analysis with a statement that this is 100% legit broker! However, if you want to learn more about the company’s security system, we recommend you read out Is 24FX a Scam? analysis.
24FX Review | Conclusion
There is not much left to say about 24FX, so we will just repeat all advantages trading with this great broker brings. They have a great trading platform which you can try for free by opening a demo account. MetaTrader 4 and WebTrader are powerful software that will help you to become a top player in no time. As for the accounts, you can choose between several of them, and we are sure that you will find the one that suits you best. You also don’t have to be concerned about your security, since this is a completely legit company that cares about its traders. We therefore advise you to sign up, open an account with 24FX and start trading right away!